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.

In other Kenmare Resources news, insider Tony McCluskey purchased 8,858 shares of Kenmare Resources stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average price of GBX 189 ($2.47) per share, with a total value of £16,741.62 ($21,875.89). Also, insider Gabriel Smith purchased 10,000 shares of Kenmare Resources stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of GBX 206 ($2.69) per share, with a total value of £20,600 ($26,917.55).

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.

See Also: How does equity income fit into an investing strategy?

Receive News & Ratings for Kenmare Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kenmare Resources and related companies with MarketBeat.com's FREE daily email newsletter.