Berenberg Bank reissued their buy rating on shares of Kenmare Resources (LON:KMR - Free Report) in a research note published on Wednesday, MarketBeat.com reports. The firm currently has a GBX 580 ($7.50) price objective on the stock.
Kenmare Resources Trading Down 3.0 %
Shares of LON KMR traded down GBX 12 ($0.16) during midday trading on Wednesday, reaching GBX 388 ($5.02). 174,133 shares of the stock were exchanged, compared to its average volume of 176,423. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.63 and a quick ratio of 1.22. Kenmare Resources has a 12 month low of GBX 270 ($3.49) and a 12 month high of GBX 450 ($5.82). The business has a 50-day simple moving average of GBX 339.03 and a two-hundred day simple moving average of GBX 336.42. The company has a market capitalization of £428.93 million, a price-to-earnings ratio of 5.47, a P/E/G ratio of 0.03 and a beta of 0.58.
Kenmare Resources Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 8th will be given a dividend of $0.17 per share. This is an increase from Kenmare Resources's previous dividend of $0.15. The ex-dividend date is Thursday, May 8th. This represents a dividend yield of 3.1%. Kenmare Resources's dividend payout ratio is currently 59.17%.
Kenmare Resources Company Profile
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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.
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