Kenmare Resources (LON:KMR) Stock Rating Reaffirmed by Berenberg Bank

Kenmare Resources (LON:KMRGet Rating)‘s stock had its “buy” rating reiterated by analysts at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat reports. They currently have a GBX 670 ($8.54) target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 34.54% from the company’s previous close.

LON:KMR opened at GBX 498 ($6.35) on Tuesday. Kenmare Resources has a twelve month low of GBX 401.91 ($5.12) and a twelve month high of GBX 533 ($6.79). The company has a market capitalization of £472.71 million and a P/E ratio of 5.61. The firm has a 50-day moving average price of GBX 461.48 and a two-hundred day moving average price of GBX 444.66. The company has a current ratio of 1.77, a quick ratio of 1.18 and a debt-to-equity ratio of 16.15.

Kenmare Resources Company Profile (Get Rating)

Kenmare Resources plc, together with its subsidiaries, produces and sells mineral sand products in China, Italy, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, zircon, and rutile; and concentrates, including secondary zircon and mineral sand concentrates.

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