Kenmare Resources (LON:KMR) Hits New 12-Month Low – What’s Next?

Kenmare Resources plc (LON:KMR) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 171.40 and last traded at GBX 178.80, with a volume of 92627 shares changing hands. The stock had previously closed at GBX 183.59.

Analyst Ratings Changes

Separately, Berenberg Bank lowered their price objective on shares of Kenmare Resources from GBX 220 to GBX 210 and set a “hold” rating for the company in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Kenmare Resources has an average rating of “Moderate Buy” and a consensus price target of GBX 347.50.

Kenmare Resources Price Performance

The business has a 50-day moving average of GBX 195.60 and a 200 day moving average of GBX 211.95. The company has a current ratio of 3.07, a quick ratio of 1.22 and a debt-to-equity ratio of 26.20. The firm has a market capitalization of £158.50 million, a P/E ratio of -0.60, a price-to-earnings-growth ratio of 0.03 and a beta of 0.67.

Kenmare Resources Company Profile