Berenberg Bank Reiterates “Buy” Rating for Kenmare Resources (LON:KMR)

Kenmare Resources (LON:KMR)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report released on Wednesday,London Stock Exchange reports. They presently have a GBX 580 ($7.47) price target on the stock. Berenberg Bank’s price objective points to a potential upside of 40.10% from the stock’s current price.

Kenmare Resources Trading Down 3.7 %

Shares of LON KMR traded down GBX 16 ($0.21) during midday trading on Wednesday, reaching GBX 414 ($5.33). The stock had a trading volume of 161,036 shares, compared to its average volume of 176,261. The firm has a market cap of £457.67 million, a price-to-earnings ratio of 5.83, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. Kenmare Resources has a twelve month low of GBX 270 ($3.48) and a twelve month high of GBX 450 ($5.79). The company’s 50 day moving average price is GBX 335.13 and its 200 day moving average price is GBX 335.30.

About Kenmare Resources

Kenmare Resources plc is an Ireland-based mining company. The Company operates the Moma Titanium Minerals Mine, located on the northeast coast of Mozambique. The Moma Mine contains deposits of heavy minerals, which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon.