Kenmare Resources plc Stock Rating Reaffirmed by Goodbody Stockbrokers Ltd (KMR)
Kenmare Resources plc (LON:KMR) traded down 1.32% during mid-day trading on Tuesday, hitting GBX 16.035. 2,163,357 shares of the company’s stock traded hands. Kenmare Resources plc has a one year low of GBX 8.847 and a one year high of GBX 31.90. The stock’s 50-day moving average is GBX 11.47 and its 200-day moving average is GBX 14.72. The company’s market cap is £446.1 million.
A number of other analysts have also recently weighed in on KMR. Analysts at Westhouse Securities reiterated a “buy” rating on shares of Kenmare Resources plc in a research note on Tuesday. They now have a GBX 20 ($0.34) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Kenmare Resources plc in a research note on Tuesday, June 24th. They now have a GBX 30 ($0.51) price target on the stock. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 28.63 ($0.49).
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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