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

Kenmare Resources (LON:KMR)‘s stock had its “buy” rating reissued by analysts at Berenberg Bank in a report issued on Wednesday, Marketbeat reports. They presently have a GBX 580 ($7.51) target price on the stock. Berenberg Bank’s target price suggests a potential upside of 39.42% from the company’s previous close.

Kenmare Resources Stock Down 3.3 %

LON:KMR opened at GBX 416 ($5.39) on Wednesday. The company has a market cap of £459.88 million, a PE ratio of 5.86, a PEG ratio of 0.03 and a beta of 0.58. Kenmare Resources has a 52-week low of GBX 270 ($3.50) and a 52-week high of GBX 450 ($5.83). The stock has a 50-day simple moving average of GBX 337.23 and a 200 day simple moving average of GBX 335.86. 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 Company Profile

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.