Kenmare Resources plc (LON:KMR – Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 335.63 ($4.37) and traded as high as GBX 359 ($4.67). Kenmare Resources shares last traded at GBX 352 ($4.58), with a volume of 23,276 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reissued a “hold” rating and set a GBX 420 ($5.47) target price on shares of Kenmare Resources in a research report on Tuesday, August 13th.
Get Our Latest Analysis on KMR
Kenmare Resources Stock Performance
Kenmare Resources Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 19th were issued a dividend of $0.15 per share. This represents a dividend yield of 3.57%. The ex-dividend date of this dividend was Thursday, September 19th. Kenmare Resources’s payout ratio is 6,086.96%.
Kenmare Resources Company Profile
Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, the rest of Asia, Europe, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, rutile, and zircon; monazite; and concentrates, including secondary zircon and mineral sand concentrates.
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