Kenmare Resources (LON:KMR) Given “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Kenmare Resources (LON:KMR) in a research report released on Tuesday morning, Digital Look reports. Berenberg Bank currently has a GBX 360 ($4.70) price objective on the stock.

Separately, Peel Hunt reaffirmed a buy rating and issued a GBX 450 ($5.88) price objective (up previously from GBX 440 ($5.75)) on shares of Kenmare Resources in a report on Monday, August 19th.

KMR stock opened at GBX 254 ($3.32) on Tuesday. The company has a quick ratio of 2.47, a current ratio of 3.72 and a debt-to-equity ratio of 9.84. Kenmare Resources has a fifty-two week low of GBX 174 ($2.27) and a fifty-two week high of GBX 264 ($3.45). The firm’s 50-day simple moving average is GBX 216.16 and its 200 day simple moving average is GBX 201.14. The stock has a market cap of $278.39 million and a PE ratio of 5.52.

The business also recently announced a dividend, which will be paid on Friday, October 25th. Investors of record on Thursday, September 26th will be given a $0.03 dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.9%.

About Kenmare Resources

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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