Kenmare Resources (LON:KMR) Earns “Buy” Rating from Peel Hunt

Kenmare Resources (LON:KMR)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They currently have a GBX 530 price target on the stock. Peel Hunt’s target price points to a potential upside of 70.97% from the company’s current price.

Separately, Berenberg Bank dropped 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 430.

Kenmare Resources Price Performance

Shares of LON KMR opened at GBX 310 on Thursday. The firm has a market cap of £274.14 million, a PE ratio of -534.48, a PEG ratio of 0.03 and a beta of 0.58. The firm has a fifty day moving average of GBX 317.91 and a 200 day moving average of GBX 351.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. Kenmare Resources has a one year low of GBX 263.19 and a one year high of GBX 450.

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.