Kenmare Resources (LON:KMR) Given New GBX 440 Price Target at Peel Hunt
Kenmare Resources (LON:KMR) had its target price upped by Peel Hunt from GBX 430 ($5.62) to GBX 440 ($5.75) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have a buy rating on the stock.
Several other brokerages have also recently issued reports on KMR. Berenberg Bank lifted their price objective on from GBX 1,915 ($25.02) to GBX 2,025 ($26.46) and gave the stock a buy rating in a report on Tuesday, June 4th. Canaccord Genuity reduced their price objective on Surge Energy from C$2.75 to C$2.25 and set a buy rating for the company in a report on Wednesday, March 13th.
Shares of Kenmare Resources stock traded up GBX 4 ($0.05) during trading on Wednesday, reaching GBX 188 ($2.46). The company’s stock had a trading volume of 167,596 shares, compared to its average volume of 44,552. The business’s 50 day simple moving average is GBX 185.84. The firm has a market capitalization of $206.05 million and a P/E ratio of 4.09. Kenmare Resources has a 12-month low of GBX 174 ($2.27) and a 12-month high of GBX 264 ($3.45). The company has a quick ratio of 2.47, a current ratio of 3.72 and a debt-to-equity ratio of 9.84.
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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