Kenmare Resources (LON:KMR) Earns Buy Rating from Berenberg Bank

Kenmare Resources (LON:KMR)‘s stock had its “buy” rating restated by Berenberg Bank in a research report issued to clients and investors on Monday, February 4th. They currently have a GBX 380 ($4.97) price objective on the stock. Berenberg Bank’s target price would indicate a potential upside of 90.95% from the stock’s previous close.

Several other equities analysts have also recently issued reports on KMR. Peel Hunt reaffirmed a “buy” rating on shares of Kenmare Resources in a research note on Monday, October 8th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 475 ($6.21) price objective on shares of Kenmare Resources in a research note on Wednesday, October 17th.

Shares of KMR traded down GBX 1.25 ($0.02) during mid-day trading on Monday, hitting GBX 199 ($2.60). The company’s stock had a trading volume of 29,595 shares, compared to its average volume of 44,552. Kenmare Resources has a fifty-two week low of GBX 236.75 ($3.09) and a fifty-two week high of GBX 351.75 ($4.60).

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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