Kenmare Resources (LON:KMR) Hits New 12-Month Low - Here's What Happened

Key Points

• New 52-week low: Kenmare shares fell as low as GBX 192.40 then recovered to GBX 222.50 (about a 9.1% rise from the prior close of GBX 204) on a volume of 178,468 shares.
• Analyst move and consensus: Berenberg Bank cut its price target from GBX 290 to GBX 280 and kept a "hold" rating, while the market consensus is a "Moderate Buy" with an average target of GBX 382.50 and a market cap of roughly £196.8M.

Kenmare Resources plc (LON:KMR - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as GBX 192.40 and last traded at GBX 222.50, with a volume of 178468 shares changing hands. The stock had previously closed at GBX 204.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank dropped their price target on Kenmare Resources from GBX 290 to GBX 280 and set a "hold" rating on the stock in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of GBX 382.50.

Kenmare Resources Stock Up 9.1%

The firm has a market capitalization of £196.76 million, a PE ratio of -3.84, a PEG ratio of 0.03 and a beta of 0.49. The business's fifty day moving average price is GBX 253.32 and its 200 day moving average price is GBX 266.20. The company has a quick ratio of 1.22, a current ratio of 6.16 and a debt-to-equity ratio of 12.31.

Kenmare Resources Company Profile

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