Kenmare Resources (LON:KMR) Shares Pass Above 200 Day Moving Average - What's Next?

Shares of Kenmare Resources plc (LON:KMR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 354.81 ($4.81) and traded as high as GBX 390.50 ($5.29). Kenmare Resources shares last traded at GBX 388.50 ($5.26), with a volume of 13,992 shares.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a "buy" rating and set a GBX 580 ($7.86) target price on shares of Kenmare Resources in a research report on Wednesday, March 26th.

Kenmare Resources Trading Up 0.5%

The company has a market cap of £430.59 million, a P/E ratio of 5.49, a P/E/G ratio of 0.03 and a beta of 0.58. The company has a quick ratio of 1.22, a current ratio of 5.63 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of GBX 391.68 and a two-hundred day moving average price of GBX 355.04.

Kenmare Resources Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, May 30th. Shareholders of record on Thursday, May 8th were paid a $0.17 dividend. This represents a yield of 3.1%. This is a boost from Kenmare Resources's previous dividend of $0.15. The ex-dividend date of this dividend was Thursday, May 8th. Kenmare Resources's payout ratio is presently 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.