Kenmare Resources (LON:KMR) Hits New 1-Year Low – Time to Sell?

Kenmare Resources plc (LON:KMR) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 238 and last traded at GBX 238, with a volume of 121536 shares. The stock had previously closed at GBX 247.

Analyst Ratings Changes

KMR has been the subject of a number of recent research reports. Peel Hunt restated a “buy” rating and set a GBX 485 price objective on shares of Kenmare Resources in a research note on Tuesday, November 18th. Berenberg Bank cut their target price on Kenmare Resources from GBX 330 to GBX 300 and set a “hold” rating on the stock in a research note on Wednesday, November 19th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 392.50.

Kenmare Resources Stock Performance

The company has a market cap of £203.84 million, a P/E ratio of -3.97, a PEG ratio of 0.03 and a beta of 0.58. The company has a quick ratio of 1.22, a current ratio of 5.63 and a debt-to-equity ratio of 0.12. The company has a 50 day moving average price of GBX 262.33 and a 200-day moving average price of GBX 306.73.

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.