Kenmare Resources (LON:KMR) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Shares of Kenmare Resources plc (LON:KMR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 351.89 ($4.71) and traded as high as GBX 399 ($5.34). Kenmare Resources shares last traded at GBX 392.50 ($5.26), with a volume of 51,239 shares.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 580 ($7.77) price target on shares of Kenmare Resources in a research note on Wednesday, March 26th.

Kenmare Resources Trading Down 1.3%

The firm has a market capitalization of £406.27 million, a price-to-earnings ratio of 5.18, a P/E/G ratio of 0.03 and a beta of 0.58. The business has a 50 day moving average of GBX 400.54 and a two-hundred day moving average of GBX 352.35. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63.

Kenmare Resources Increases Dividend

The business 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. The ex-dividend date is Thursday, May 8th. This is an increase from Kenmare Resources's previous dividend of $0.15. This represents a dividend yield of 3.1%. Kenmare Resources's dividend payout ratio is 59.17%.

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.