Kenmare Resources plc (LON:KMR - Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 351.89 ($4.68) and traded as high as GBX 399 ($5.31). Kenmare Resources shares last traded at GBX 392.50 ($5.22), with a volume of 51,239 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 580 ($7.72) target price on shares of Kenmare Resources in a research report on Wednesday, March 26th.
Get Our Latest Stock Report on KMR
Kenmare Resources Price Performance
The stock has a market cap of £431.73 million, a P/E ratio of 5.50, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The firm has a 50-day moving average price of GBX 403.45 and a 200-day moving average price of GBX 351.89. 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 company also recently announced a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 8th will be given a $0.17 dividend. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 3.1%. This is a positive change from Kenmare Resources's previous dividend of $0.15. Kenmare Resources's dividend payout ratio is currently 59.17%.
About Kenmare Resources
(
Get Free Report)
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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