Kenmare Resources (LON:KMR) Hits New 1-Year Low – What’s Next?

Kenmare Resources plc (LON:KMR)’s stock price hit a new 52-week low on Tuesday . The company traded as low as GBX 247 and last traded at GBX 249, with a volume of 103694 shares changing hands. The stock had previously closed at GBX 256.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 530 target price on shares of Kenmare Resources in a research note on Thursday, October 9th. Berenberg Bank decreased their price target on shares of Kenmare Resources from GBX 370 to GBX 330 and set a “hold” rating on the stock in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 430.

Kenmare Resources Stock Performance

The company has a market capitalization of £218.87 million, a P/E ratio of -4.27, a P/E/G ratio of 0.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22. The stock’s 50 day simple moving average is GBX 296.76 and its two-hundred day simple moving average is GBX 335.76.

About Kenmare Resources

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.