Kenmare Resources (LON:KMR) Reaches New 12-Month Low – Here’s What Happened

Kenmare Resources plc (LON:KMR)’s stock price hit a new 52-week low on Tuesday . The stock traded as low as GBX 247 and last traded at GBX 249, with a volume of 103694 shares. The stock had previously closed at GBX 256.

Analysts Set New Price Targets

A number of brokerages have commented on KMR. Berenberg Bank reduced their target price on shares of Kenmare Resources from GBX 370 to GBX 330 and set a “hold” rating for the company in a report on Wednesday, October 8th. Peel Hunt restated a “buy” rating and issued a GBX 530 price objective on shares of Kenmare Resources in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 430.

Kenmare Resources Price Performance

The company has a quick ratio of 1.22, a current ratio of 5.63 and a debt-to-equity ratio of 0.12. The firm’s fifty day moving average price is GBX 301.18 and its 200 day moving average price is GBX 338.16. The stock has a market cap of £220.20 million, a PE ratio of -4.29, a P/E/G ratio of 0.03 and a beta of 0.58.

About Kenmare Resources

Kenmare Resources plc is one of the world’s largest producers of titanium minerals. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma’s production accounts for approximately 6% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries.