Shares of Kenmare Resources plc (LON:KMR - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 358.25 ($4.81) and traded as high as GBX 401.50 ($5.39). Kenmare Resources shares last traded at GBX 394 ($5.29), with a volume of 40,640 shares traded.
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 580 ($7.78) price target on shares of Kenmare Resources in a report on Wednesday, March 26th.
Get Our Latest Analysis on KMR
Kenmare Resources Trading Down 0.5%
The company has a market capitalization of £435.56 million, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The business has a fifty day moving average price of GBX 395.34 and a 200 day moving average price of GBX 358.25. 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 firm also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 8th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, May 8th. This is a positive change from Kenmare Resources's previous dividend of $0.15. This represents a dividend yield of 3.1%. Kenmare Resources's payout ratio is 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.
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