Kenmare Resources’ (LON:KMR) Buy Rating Reiterated at Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Kenmare Resources (LON:KMR) in a research note released on Tuesday, June 4th, ThisIsMoney.Co.Uk reports.

KMR has been the subject of several other research reports. Berenberg Bank reaffirmed a buy rating and set a GBX 380 ($4.97) target price on shares of Kenmare Resources in a research note on Monday, February 4th. Canaccord Genuity upped their target price on Kenmare Resources from GBX 475 ($6.21) to GBX 485 ($6.34) and gave the company a buy rating in a report on Thursday, February 28th.

Shares of LON:KMR traded down GBX 2 ($0.03) on Tuesday, hitting GBX 180 ($2.35). The company’s stock had a trading volume of 20,908 shares, compared to its average volume of 44,552. Kenmare Resources has a 12 month low of GBX 174 ($2.27) and a 12 month high of GBX 264 ($3.45). The firm has a market capitalization of $197.28 million and a P/E ratio of 3.91. The company’s 50-day moving average price is GBX 191.57. The company has a quick ratio of 2.47, a current ratio of 3.72 and a debt-to-equity ratio of 9.84.

In other Kenmare Resources news, insider Tony McCluskey acquired 8,858 shares of Kenmare Resources stock in a transaction that occurred on Thursday, May 9th. The stock was purchased at an average cost of GBX 189 ($2.47) per share, with a total value of £16,741.62 ($21,875.89). Also, insider Gabriel Smith acquired 10,000 shares of Kenmare Resources stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of GBX 206 ($2.69) per share, with a total value of £20,600 ($26,917.55).

About Kenmare Resources

Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. The company operates the Moma Titanium Minerals Mine located on the north east coast of Mozambique that contains heavy mineral reserves, such as ilmenite and rutile titanium minerals primarily used to produce titanium dioxide pigment, as well as zircon.

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