Shares of Kenmare Resources plc (LON:KMR - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 340.34 ($4.50) and traded as high as GBX 384.59 ($5.09). Kenmare Resources shares last traded at GBX 382.50 ($5.06), with a volume of 76,462 shares.
Analysts Set New Price Targets
Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 580 ($7.68) price objective on shares of Kenmare Resources in a report on Wednesday, March 26th.
View Our Latest Stock Analysis on KMR
Kenmare Resources Price Performance
The firm has a 50 day moving average price of GBX 362.40 and a 200 day moving average price of GBX 341.68. The stock has a market capitalization of £442.19 million, a PE ratio of 5.64, 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 disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 8th will be paid a $0.17 dividend. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 3.1%. This is an increase from Kenmare Resources's previous dividend of $0.15. Kenmare Resources's dividend payout ratio (DPR) is 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.
Further Reading
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