Kenmare Resources’s “Add” Rating Reaffirmed at Westhouse Securities (KMR)
Kenmare Resources (LON:KMR)‘s stock had its “add” rating reaffirmed by equities research analysts at Westhouse Securities in a research note issued to investors on Monday, American Banking & Market News reports. They currently have a GBX 22 ($0.36) price objective on the stock. Westhouse Securities’ target price suggests a potential upside of 25.71% from the stock’s previous close.
Shares of Kenmare Resources (LON:KMR) traded down 3.43% on Monday, hitting GBX 16.90. 2,529,066 shares of the company’s stock traded hands. Kenmare Resources has a 1-year low of GBX 17.65 and a 1-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 £427.8 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Kenmare Resources in a research note to investors on Friday, January 24th. Separately, 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. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Kenmare Resources in a research note to investors on Thursday, January 23rd. They now have a GBX 24 ($0.39) price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Kenmare Resources currently has an average rating of “Hold” and a consensus 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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