Kenmare Resources (LON:KMR) Reaches New 12-Month Low – Here’s Why

Kenmare Resources plc (LON:KMR) reached a new 52-week low on Tuesday . The company traded as low as GBX 238 and last traded at GBX 238, with a volume of 121536 shares. The stock had previously closed at GBX 247.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KMR shares. Berenberg Bank dropped their price target on shares of Kenmare Resources from GBX 330 to GBX 300 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. Peel Hunt restated a “buy” rating and set a GBX 485 target price on shares of Kenmare Resources in a research note on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kenmare Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 392.50.

Kenmare Resources Price Performance

The company has a quick ratio of 1.22, a current ratio of 5.63 and a debt-to-equity ratio of 0.12. The company has a 50 day simple moving average of GBX 266.81 and a 200-day simple moving average of GBX 308.86. The stock has a market cap of £210.47 million, a price-to-earnings ratio of -4.10, a PEG ratio of 0.03 and a beta of 0.58.

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.