Berenberg Bank Raises Kenmare Resources (KMR) Price Target to GBX 400

Kenmare Resources (LON:KMR) had its price target boosted by stock analysts at Berenberg Bank from GBX 380 ($4.97) to GBX 400 ($5.23) in a research note issued on Thursday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 97.21% from the company’s current price.

A number of other brokerages have also commented on KMR. Peel Hunt reiterated a “buy” rating on shares of Kenmare Resources in a report on Wednesday. Canaccord Genuity upped their price target on Kenmare Resources from GBX 475 ($6.21) to GBX 485 ($6.34) and gave the stock a “buy” rating in a report on Thursday, February 28th.

Kenmare Resources stock traded up GBX 0.82 ($0.01) during trading hours on Thursday, reaching GBX 202.83 ($2.65). 186,007 shares of the company were exchanged, compared to its average volume of 44,552. Kenmare Resources has a 12 month low of GBX 182 ($2.38) and a 12 month high of GBX 265 ($3.46). The stock has a market capitalization of $221.40 million and a P/E ratio of 6.15. The company has a quick ratio of 2.43, a current ratio of 3.59 and a debt-to-equity ratio of 11.33.

Kenmare Resources Company Profile

Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. The company operates the Moma Titanium Minerals Mine located on the north east coast of Mozambique that contains heavy mineral reserves, such as ilmenite and rutile titanium minerals primarily used to produce titanium dioxide pigment, as well as zircon.

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