Kenmare Resources (LON:KMR)‘s stock had its “outperform” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 40 ($0.65) target price on the stock. RBC Capital’s price objective suggests a potential upside of 109.10% from the stock’s previous close.
Shares of Kenmare Resources (LON:KMR) opened at 19.7779 on Thursday. Kenmare Resources has a one year low of GBX 18.10 and a one year high of GBX 38.00. The stock has a 50-day moving average of GBX 22.13 and a 200-day moving average of GBX 26.58. The company’s market cap is £500.7 million.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Kenmare Resources in a research note to investors on Thursday. They now have a GBX 25 ($0.41) price target on the stock. Separately, 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. Finally, analysts at Davy Research reiterated an “outperform” rating on shares of Kenmare Resources in a research note to investors on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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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