Kenmare Resources (LON:KMR) PT Lowered to GBX 360

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Kenmare Resources (LON:KMR) had its price objective reduced by Berenberg Bank from GBX 380 ($4.97) to GBX 360 ($4.70) in a research report issued on Friday, ThisIsMoney.Co.Uk reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price points to a potential upside of 91.49% from the stock’s previous close.

Separately, Peel Hunt reduced their price target on shares of Biffa from GBX 264 ($3.45) to GBX 252 ($3.29) and set a “buy” rating on the stock in a research report on Wednesday.

KMR stock opened at GBX 188 ($2.46) on Friday. The stock has a market cap of $206.05 million and a price-to-earnings ratio of 4.09. The company has a current ratio of 3.72, a quick ratio of 2.47 and a debt-to-equity ratio of 9.84. The firm’s 50 day moving average price is GBX 185.61. Kenmare Resources has a one year low of GBX 174 ($2.27) and a one year high of GBX 264 ($3.45).

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

Kenmare Resources Company Profile

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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