Kenmare Resources (LON:KMR) Shares Pass Above 200-Day Moving Average - Time to Sell?

Kenmare Resources plc (LON:KMR - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 343.41 ($4.57) and traded as high as GBX 410.50 ($5.46). Kenmare Resources shares last traded at GBX 410.50 ($5.46), with a volume of 95,331 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 580 ($7.71) price objective on shares of Kenmare Resources in a research note on Wednesday, March 26th.

Kenmare Resources Price Performance

The company has a fifty day simple moving average of GBX 378.29 and a 200-day simple moving average of GBX 345.72. The company has a market cap of £459.33 million, a P/E ratio of 5.85, a PEG ratio of 0.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22.

Kenmare Resources Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 8th will be given a $0.17 dividend. This is a positive change from Kenmare Resources's previous dividend of $0.15. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 3.1%. Kenmare Resources's dividend payout ratio (DPR) is 59.17%.

Kenmare Resources Company Profile

Kenmare Resources plc is an Ireland-based mining company. The Company operates the Moma Titanium Minerals Mine, located on the northeast coast of Mozambique. The Moma Mine contains deposits of heavy minerals, which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon.