Kenmare Resources (LON:KMR) Earns Hold Rating from Berenberg Bank

Kenmare Resources (LON:KMR)‘s stock had its “hold” rating reissued by equities researchers at Berenberg Bank in a research note issued on Wednesday, Marketbeat Ratings reports. They currently have a GBX 370 price objective on the stock. Berenberg Bank’s price objective would suggest a potential upside of 17.65% from the stock’s previous close.

Kenmare Resources Price Performance

KMR opened at GBX 314.50 on Wednesday. Kenmare Resources has a 1 year low of GBX 263.19 and a 1 year high of GBX 450. The stock has a 50-day moving average price of GBX 329.84 and a 200-day moving average price of GBX 358.91. The firm has a market cap of £347.68 million, a PE ratio of 4.43, a P/E/G ratio of 0.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22.

Kenmare Resources Company Profile

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.