Kenmare Resources plc Stock Rating Reaffirmed by JPMorgan Chase & Co. (KMR)
Shares of Kenmare Resources plc (LON:KMR) traded down 3.33% during mid-day trading on Wednesday, hitting GBX 14.50. The stock had a trading volume of 9,974,981 shares. Kenmare Resources plc has a 52 week low of GBX 8.847 and a 52 week high of GBX 31.90. The stock’s 50-day moving average is GBX 11.80 and its 200-day moving average is GBX 14.67. The company’s market cap is £403.4 million.
A number of other firms have also recently commented on KMR. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Kenmare Resources plc in a research note on Tuesday. They now have a GBX 26 ($0.45) price target on the stock. Separately, analysts at Goodbody Stockbrokers Ltd reiterated a “hold” rating on shares of Kenmare Resources plc in a research note on Tuesday. Finally, 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target 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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