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

Key Points

• Kenmare Resources (LON:KMR) reached a new 52-week low, trading at GBX 263 ($3.53) before closing at GBX 268.50 ($3.60) on Monday.
• Analysts have varied opinions, with Berenberg Bank lowering their target price to GBX 330 while Peel Hunt maintained a "buy" rating with a target price of GBX 530.
• The company, a major producer of titanium minerals, has a market cap of £237.44 million and operates the Moma Titanium Minerals Mine in Mozambique, supplying about 6% of global titanium feedstocks.

Kenmare Resources plc (LON:KMR - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as GBX 263 ($3.53) and last traded at GBX 268.50 ($3.60), with a volume of 105395 shares changing hands. The stock had previously closed at GBX 271 ($3.63).

Wall Street Analyst Weigh In

KMR has been the topic of several analyst reports. Berenberg Bank cut their target price on Kenmare Resources from GBX 370 to GBX 330 and set a "hold" rating on the stock in a research report on Wednesday, October 8th. Peel Hunt reissued a "buy" rating and set a GBX 530 target price on shares of Kenmare Resources in a research report on Thursday, October 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 430.

Kenmare Resources Trading Down 0.9%

The stock has a fifty day moving average of GBX 314.75 and a 200-day moving average of GBX 347.16. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63. The company has a market cap of £237.44 million, a PE ratio of -4.63, a PEG ratio of 0.03 and a beta of 0.58.

Kenmare Resources Company Profile

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.

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