Kenmare Resources Receives “Neutral” Rating from JPMorgan Chase & Co. (KMR)
Kenmare Resources (LON:KMR)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday, Analyst Ratings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Kenmare Resources in a research note to investors on Thursday. They now have a GBX 40 ($0.66) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Kenmare Resources in a research note to investors on Thursday. They now have a GBX 24 ($0.39) price target on the stock. Finally, analysts at Westhouse Securities cut their price target on shares of Kenmare Resources from GBX 30 ($0.49) to GBX 22 ($0.36) in a research note to investors on Monday. They now have an “add” rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 31.88 ($0.52).
Kenmare Resources (LON:KMR) traded up 3.81% during mid-day trading on Friday, hitting GBX 18.80. The stock had a trading volume of 4,052,263 shares. Kenmare Resources has a 1-year low of GBX 18.00 and a 1-year high of GBX 38.00. The stock has a 50-day moving average of GBX 19.29 and a 200-day moving average of GBX 23.87. The company’s market cap is £475.9 million.
Kenmare Resources plc (LON:KMR), along with its subsidiaries, is engaged in the operation of the Moma Titanium Minerals Mine (Moma) in Mozambique.
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