Kenmare Resources plc (LON:KMR - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 349.43 ($4.60) and traded as high as GBX 413.50 ($5.45). Kenmare Resources shares last traded at GBX 407.50 ($5.37), with a volume of 129,265 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 580 ($7.64) price target on shares of Kenmare Resources in a report on Wednesday, March 26th.
Get Our Latest Stock Analysis on KMR
Kenmare Resources Trading Down 2.1%
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 £441.64 million, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The company's 50 day moving average price is GBX 404.23 and its 200 day moving average price is GBX 351.02.
Kenmare Resources Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 8th will be paid a $0.17 dividend. This represents a dividend yield of 3.1%. This is a boost from Kenmare Resources's previous dividend of $0.15. The ex-dividend date of this dividend is Thursday, May 8th. Kenmare Resources's payout ratio is presently 59.17%.
Kenmare Resources Company Profile
(
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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.
Further Reading
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