Kenmare Resources (KMR) Stock Rating Reaffirmed by Canaccord Genuity
Kenmare Resources (LON:KMR)‘s stock had its “buy” rating reaffirmed by equities researchers at Canaccord Genuity in a research note issued on Wednesday. They presently have a GBX 500 ($6.91) price objective on the stock. Canaccord Genuity’s target price would indicate a potential upside of 105.23% from the stock’s previous close.
Shares of Kenmare Resources (LON:KMR) opened at GBX 243.63 ($3.37) on Wednesday. Kenmare Resources has a 1-year low of GBX 236.75 ($3.27) and a 1-year high of GBX 351.75 ($4.86). The stock has a market cap of $267.48 and a PE ratio of 812.10.
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Kenmare Resources plc (Kenmare) is a mining company. The Company and its subsidiaries are engaged in the operation and further development of the Moma Titanium Minerals Mine, which is located in northern coast of Mozambique. The Moma Mine contains deposits of heavy minerals, such as the titanium minerals, including ilmenite and rutile, as well as zirconium silicate mineral, zircon.
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