Kenmare Resources (LON:KMR) Hits New 12-Month Low – Here’s Why

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

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reduced their price objective on 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 given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 347.50.

Kenmare Resources Stock Performance

The stock has a market cap of £159.75 million, a PE ratio of -0.61, a price-to-earnings-growth ratio of 0.03 and a beta of 0.67. The stock has a fifty day moving average of GBX 194.77 and a 200-day moving average of GBX 210.63. The company has a quick ratio of 1.22, a current ratio of 3.07 and a debt-to-equity ratio of 26.20.

About Kenmare Resources