Kenmare Resources (LON:KMR) Reaches New 1-Year Low – Should You Sell?

Kenmare Resources plc (LON:KMR) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 210.36 and last traded at GBX 213.50, with a volume of 76500 shares traded. The stock had previously closed at GBX 221.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on KMR shares. Berenberg Bank dropped their target price on shares of Kenmare Resources from GBX 290 to GBX 280 and set a “hold” rating for the company in a research report on Wednesday, January 21st. Peel Hunt reaffirmed a “buy” rating and set a GBX 485 price objective on shares of Kenmare Resources in a report on Tuesday, November 18th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 382.50.

Kenmare Resources Trading Down 3.4%

The company has a debt-to-equity ratio of 12.31, a quick ratio of 1.22 and a current ratio of 6.16. The firm has a 50-day moving average of GBX 257.15 and a 200-day moving average of GBX 269.43. The firm has a market capitalization of £188.80 million, a P/E ratio of -3.68, a price-to-earnings-growth ratio of 0.03 and a beta of 0.49.

About Kenmare Resources