Kenmare Resources (LON:KMR) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Kenmare Resources plc (LON:KMR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 274.57 and traded as high as GBX 284. Kenmare Resources shares last traded at GBX 272.50, with a volume of 94,233 shares.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMR. Peel Hunt restated a “buy” rating and set a GBX 485 price objective on shares of Kenmare Resources in a report on Tuesday, November 18th. Berenberg Bank decreased their price target on shares of Kenmare Resources from GBX 290 to GBX 280 and set a “hold” rating for the company in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Kenmare Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 382.50.

Kenmare Resources Price Performance

The firm has a market cap of £236.56 million, a P/E ratio of -4.61, a P/E/G ratio of 0.03 and a beta of 0.58. The company has a fifty day moving average of GBX 258.77 and a 200-day moving average of GBX 274.44. The company has a debt-to-equity ratio of 12.31, a current ratio of 6.16 and a quick ratio of 1.22.

About Kenmare Resources