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

Kenmare Resources plc (LON:KMR)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 178.40 and last traded at GBX 185, with a volume of 592380 shares traded. The stock had previously closed at GBX 198.80.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “hold” rating and issued a GBX 220 price target on shares of Kenmare Resources in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kenmare Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 352.50.

Kenmare Resources Trading Down 2.0%

The company has a market capitalization of £162.15 million, a price-to-earnings ratio of -0.50, a P/E/G ratio of 0.03 and a beta of 0.67. The company has a 50-day moving average price of GBX 219.90 and a 200-day moving average price of GBX 234.16. The company has a quick ratio of 1.22, a current ratio of 3.24 and a debt-to-equity ratio of 25.24.

Kenmare Resources Company Profile