Kenmare Resources plc (LON:KMR - Get Free Report) shares traded down 21.3% during trading on Thursday . The company traded as low as GBX 265.50 ($3.56) and last traded at GBX 310.06 ($4.16). 1,100,585 shares traded hands during trading, an increase of 658% from the average session volume of 145,215 shares. The stock had previously closed at GBX 394 ($5.29).
Analysts Set New Price Targets
Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 580 ($7.79) target price on shares of Kenmare Resources in a report on Wednesday, March 26th.
Check Out Our Latest Stock Report on KMR
Kenmare Resources Price Performance
The company has a market capitalization of £345.46 million, a price-to-earnings ratio of 4.40, a price-to-earnings-growth ratio of 0.03 and a beta of 0.58. The company has a 50-day moving average price of GBX 392.76 and a 200-day moving average price of GBX 357.67. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63.
Kenmare Resources Increases Dividend
The company also recently disclosed a dividend, which was paid on Friday, May 30th. Investors of record on Thursday, May 8th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, May 8th. This represents a yield of 3.1%. This is a boost from Kenmare Resources's previous dividend of $0.15. Kenmare Resources's payout ratio is currently 59.17%.
About Kenmare Resources
(
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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