Kenmare Resources plc (LON:KMR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 334.81 ($4.34) and traded as high as GBX 356 ($4.62). Kenmare Resources shares last traded at GBX 352.50 ($4.57), with a volume of 232,442 shares traded.
Wall Street Analyst Weigh In
Separately, Berenberg Bank reiterated a "hold" rating and issued a GBX 420 ($5.45) target price on shares of Kenmare Resources in a research report on Tuesday, August 13th.
View Our Latest Research Report on Kenmare Resources
Kenmare Resources Stock Up 1.0 %
The firm's 50-day simple moving average is GBX 336.06 and its two-hundred day simple moving average is GBX 334.81. The stock has a market cap of £317.67 million, a price-to-earnings ratio of 510.87, a PEG ratio of 0.03 and a beta of 0.58. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.22 and a current ratio of 5.63.
Kenmare Resources Cuts Dividend
The company also recently declared a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 19th were paid a $0.15 dividend. This represents a dividend yield of 3.57%. The ex-dividend date was Thursday, September 19th. Kenmare Resources's dividend payout ratio is 6,086.96%.
Kenmare Resources Company Profile
(
Get Free Report)
Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, the rest of Asia, Europe, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, rutile, and zircon; monazite; and concentrates, including secondary zircon and mineral sand concentrates.
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