Kenmare Resources Rating Reiterated by Canaccord Genuity (KMR)
Kenmare Resources (LON:KMR)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a report released on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 24 ($0.39) price objective on the stock. Canaccord Genuity’s target price would indicate a potential upside of 37.14% from the stock’s previous close.
Kenmare Resources (LON:KMR) traded down 2.86% during mid-day trading on Monday, hitting GBX 17.00. 2,527,664 shares of the company’s stock traded hands. Kenmare Resources has a one year low of GBX 17.65 and a one year high of GBX 38.00. The stock’s 50-day moving average is GBX 19.15 and its 200-day moving average is GBX 23.68. The company’s market cap is £430.3 million.
A number of other analysts have also recently weighed in on KMR. Analysts at Westhouse Securities reiterated an “add” rating on shares of Kenmare Resources in a research note to investors on Monday. They now have a GBX 22 ($0.36) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Kenmare Resources in a research note to investors on Friday, January 24th. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Kenmare Resources in a research note to investors on Thursday, January 23rd. They now have a GBX 40 ($0.66) price target on the stock. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 31.88 ($0.52).
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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