Kenmare Resources (KMR) Receives “Buy” Rating from Canaccord Genuity

Kenmare Resources (LON:KMR)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued to clients and investors on Wednesday. They presently have a GBX 485 ($6.34) price target on the stock. Canaccord Genuity’s price objective suggests a potential upside of 140.10% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Peel Hunt reiterated a “buy” rating on shares of Kenmare Resources in a report on Wednesday. Berenberg Bank reiterated a “buy” rating and issued a GBX 380 ($4.97) price objective on shares of Kenmare Resources in a report on Monday, February 4th.

LON:KMR opened at GBX 202 ($2.64) on Wednesday. Kenmare Resources has a one year low of GBX 182 ($2.38) and a one year high of GBX 265 ($3.46). The firm has a market capitalization of $221.40 million and a price-to-earnings ratio of 6.12. The company has a debt-to-equity ratio of 11.33, a quick ratio of 2.43 and a current ratio of 3.59.

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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