Kenmare Resources (KMR) Rating Reiterated by Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Kenmare Resources (LON:KMR) in a research report report published on Wednesday morning. They currently have a GBX 485 ($6.34) target price on the stock.

KMR has been the topic of a number of other research reports. Berenberg Bank lifted their target price on Kenmare Resources from GBX 370 ($4.83) to GBX 380 ($4.97) and gave the company a buy rating in a research report on Monday, January 14th. Peel Hunt reiterated a buy rating on shares of Kenmare Resources in a research report on Wednesday.

Kenmare Resources stock opened at GBX 202 ($2.64) on Wednesday. Kenmare Resources has a 12-month low of GBX 182 ($2.38) and a 12-month high of GBX 265 ($3.46). The company has a current ratio of 3.59, a quick ratio of 2.43 and a debt-to-equity ratio of 11.33. The stock has a market capitalization of $221.40 million and a price-to-earnings ratio of 6.12.

Kenmare Resources Company Profile

Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. The company operates the Moma Titanium Minerals Mine located on the north east coast of Mozambique that contains heavy mineral reserves, such as ilmenite and rutile titanium minerals primarily used to produce titanium dioxide pigment, as well as zircon.

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