Canaccord Genuity Reaffirms Buy Rating for Kenmare Resources plc (KMR)
Kenmare Resources plc (LON:KMR)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity in a research note issued to investors on Thursday. They currently have a GBX 530 ($6.88) price objective on the stock. Canaccord Genuity’s target price suggests a potential upside of 109.90% from the company’s current price.
Shares of Kenmare Resources plc (LON KMR) opened at 260.00 on Thursday. Kenmare Resources plc has a one year low of GBX 235.00 and a one year high of GBX 366.25. The firm has a 50-day moving average price of GBX 252.70 and a 200 day moving average price of GBX 277.83. The stock’s market capitalization is GBX 284.96 million.
In other Kenmare Resources plc news, insider Graham Martin acquired 18,090 shares of the stock in a transaction dated Tuesday, May 30th. The stock was acquired at an average price of GBX 273 ($3.54) per share, with a total value of £49,385.70 ($64,112.29).
About Kenmare Resources plc
Kenmare Resources plc (Kenmare) is a mining company. The Company and its subsidiaries are engaged in the operation and further development of the Moma Titanium Minerals Mine, which is located in northern coast of Mozambique. The Moma Mine contains deposits of heavy minerals, such as the titanium minerals, including ilmenite and rutile, as well as zirconium silicate mineral, zircon.
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