Kenmare Resources (LON:KMR) Reaches New 12-Month High – Still a Buy?

Kenmare Resources plc (LON:KMR) reached a new 52-week high on Monday . The company traded as high as GBX 425 ($5.49) and last traded at GBX 425.50 ($5.50), with a volume of 364312 shares trading hands. The stock had previously closed at GBX 402 ($5.20).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 350 ($4.52) price objective on shares of Kenmare Resources in a report on Thursday.

Kenmare Resources Stock Performance

The stock has a 50 day moving average of GBX 306.09 and a 200 day moving average of GBX 327.62. 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 firm has a market cap of £470.38 million, a price-to-earnings ratio of 5.99, a P/E/G ratio of 0.03 and a beta of 0.58.

Kenmare Resources Company Profile

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.