Kenmare Resources (LON:KMR) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Kenmare Resources plc (LON:KMR - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 349.43 ($4.60) and traded as high as GBX 413.50 ($5.45). Kenmare Resources shares last traded at GBX 407.50 ($5.37), with a volume of 129,265 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 580 ($7.64) target price on shares of Kenmare Resources in a research note on Wednesday, March 26th.

Kenmare Resources Stock Down 2.1%

The firm's 50 day moving average price is GBX 404.23 and its 200-day moving average price is GBX 351.02. The company has a market cap of £441.64 million, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The company has a current ratio of 5.63, a quick ratio of 1.22 and a debt-to-equity ratio of 0.12.

Kenmare Resources Increases Dividend

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

Kenmare Resources Company Profile

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.