Kenmare Resources (LON:KMR)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity in a note issued to investors on Thursday, AmericanBankingNews.com reports. They currently have a GBX 25 ($0.41) target price on the stock. Canaccord Genuity’s target price points to a potential upside of 30.68% from the company’s current price.
Kenmare Resources (LON:KMR) opened at 19.665 on Thursday. Kenmare Resources has a 1-year low of GBX 18.10 and a 1-year high of GBX 38.00. The stock’s 50-day moving average is GBX 22.13 and its 200-day moving average is GBX 26.58. The company’s market cap is £497.8 million.
A number of other analysts have also recently weighed in on KMR. Analysts at Macquarie reiterated a “neutral” rating on shares of Kenmare Resources in a research note to investors on Thursday, November 21st. They now have a GBX 21 ($0.34) price target on the stock. Separately, analysts at Davy Research reiterated an “outperform” rating on shares of Kenmare Resources in a research note to investors on Thursday, October 31st. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Kenmare Resources in a research note to investors on Thursday, October 24th. They now have a GBX 40 ($0.65) price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 32.89 ($0.53).
Kenmare Resources plc (LON:KMR), along with its subsidiaries, is engaged in the operation of the Moma Titanium Minerals Mine (Moma) in Mozambique.
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