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

Key Points

• Berenberg Bank has reaffirmed a "hold" rating for Kenmare Resources (LON:KMR), with a price objective of GBX 370, indicating a potential upside of 17.09% from the current price.
• As of Wednesday, Kenmare's stock opened at GBX 316 and has fluctuated between a 1-year low of GBX 263.19 and a high of GBX 450.
• Kenmare Resources is one of the world's largest producers of titanium minerals, operating the Moma Titanium Minerals Mine in Mozambique, which supplies about 6% of global titanium feedstocks.

Berenberg Bank reiterated their hold rating on shares of Kenmare Resources (LON:KMR - Free Report) in a report released on Wednesday morning, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 370 price objective on the stock.

Kenmare Resources Price Performance

Shares of Kenmare Resources stock traded up GBX 7.50 on Wednesday, hitting GBX 322. The company had a trading volume of 62,122 shares, compared to its average volume of 137,015. The business has a 50-day simple moving average of GBX 328.53 and a 200-day simple moving average of GBX 359.91. 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 company has a market cap of £355.97 million, a PE ratio of 4.54, a PEG ratio of 0.03 and a beta of 0.58. Kenmare Resources has a 52 week low of GBX 263.19 and a 52 week high of GBX 450.

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.