Kenmare Resources plc (LON:KMR - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 338.18 ($4.32) and traded as high as GBX 402 ($5.14). Kenmare Resources shares last traded at GBX 399 ($5.10), with a volume of 106,286 shares.
Analyst Upgrades and Downgrades
Separately, Berenberg Bank restated a "buy" rating and set a GBX 580 ($7.41) target price on shares of Kenmare Resources in a research note on Wednesday, March 26th.
View Our Latest Research Report on KMR
Kenmare Resources Stock Performance
The firm's 50 day moving average price is GBX 351.09 and its 200-day moving average price is GBX 339.35. The firm has a market cap of £404.06 million, a price-to-earnings ratio of 5.15, a P/E/G 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 disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 8th will be issued a dividend of $0.17 per share. This is an increase 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 payout ratio is presently 59.17%.
About Kenmare Resources
(
Get Free Report)
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.
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