Kenmare Resources (LON:KMR) Shares Up 3.4% – Should You Buy?

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

Analyst Ratings Changes

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 report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Kenmare Resources currently has an average rating of “Moderate Buy” and an average target price of GBX 322.50.

Kenmare Resources Trading Up 3.4%

The firm has a market cap of £227.83 million, a price-to-earnings ratio of -0.87, a PEG ratio of 0.03 and a beta of 0.67. The business has a fifty day moving average of GBX 212.39 and a two-hundred day moving average of GBX 217.05. The company has a debt-to-equity ratio of 26.20, a quick ratio of 1.22 and a current ratio of 3.07.

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.