Shares of Kenmare Resources plc (LON:KMR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 356.64 ($4.81) and traded as high as GBX 409.50 ($5.53). Kenmare Resources shares last traded at GBX 393.50 ($5.31), with a volume of 66,187 shares changing hands.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 580 ($7.83) target price on shares of Kenmare Resources in a report on Wednesday, March 26th.
Check Out Our Latest Report on KMR
Kenmare Resources Stock Performance
The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12. The stock's 50 day moving average price is GBX 391.60 and its two-hundred day moving average price is GBX 356.64. The firm has a market capitalization of £432.25 million, a price-to-earnings ratio of 5.51, a PEG ratio of 0.03 and a beta of 0.58.
Kenmare Resources Increases Dividend
The business also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 8th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This is a boost from Kenmare Resources's previous dividend of $0.15. This represents a yield of 3.1%. Kenmare Resources's dividend payout ratio (DPR) is 59.17%.
Kenmare Resources Company Profile
(
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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