Kenmare Resources (LON:KMR) Shares Climb 3.4% – What’s Next?

Kenmare Resources plc (LON:KMR)’s stock price shot up 3.4% during mid-day trading on Friday. The stock traded as high as GBX 258 and last traded at GBX 257. Approximately 116,282 shares traded hands during trading, a decline of 75% from the average daily volume of 472,668 shares. The stock had previously closed at GBX 248.50.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased their price objective on shares of Kenmare Resources from GBX 180 to GBX 160 and set a “hold” rating on the stock in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 322.50.

Kenmare Resources Stock Up 3.4%

The company has a market cap of £227.83 million, a PE ratio of -0.87, a P/E/G ratio of 0.03 and a beta of 0.67. The company has a quick ratio of 1.22, a current ratio of 3.07 and a debt-to-equity ratio of 26.20. The firm’s fifty day simple moving average is GBX 212.39 and its 200-day simple moving average is GBX 217.05.

Kenmare Resources Company Profile

Kenmare Resources plc is one of the world’s largest producers of titanium minerals. Listed on the London Stock Exchange and the Euronext Dublin, Kenmare operates the Moma Titanium Minerals Mine in Mozambique. Moma’s production accounts for approximately 6% of global titanium feedstocks and the Company supplies to customers operating in more than 15 countries. Kenmare produces raw materials that are ultimately consumed in everyday quality-of life items such as paints, plastics, and ceramic tiles.