Are Analysts Bearish Kenmare Resources plc (LON:KMR) After Last Week?

September 8, 2018 - By Palma Niemeyer

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Kenmare Resources plc (LON:KMR) Ratings Coverage

Among 2 analysts covering Kenmare Resources (LON:KMR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Kenmare Resources had 6 analyst reports since March 14, 2018 according to SRatingsIntel. On Friday, August 31 the stock rating was maintained by Peel Hunt with “Buy”. The stock of Kenmare Resources plc (LON:KMR) has “Buy” rating given on Wednesday, March 14 by Canaccord Genuity. The stock has “Buy” rating by Peel Hunt on Monday, August 20. The firm earned “Buy” rating on Wednesday, April 11 by Canaccord Genuity. Canaccord Genuity maintained it with “Buy” rating and GBX 475 target in Wednesday, August 15 report. Below is a list of Kenmare Resources plc (LON:KMR) latest ratings and price target changes.

31/08/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 370.00 New Target: GBX 400.00 Maintain
20/08/2018 Broker: Peel Hunt Rating: Buy Old Target: GBX 370.00 Maintain
15/08/2018 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 475.00 New Target: GBX 475.00 Maintain
10/08/2018 Broker: Peel Hunt Rating: Buy New Target: GBX 370.00 Initiates Starts
11/04/2018 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 475.00 New Target: GBX 475.00 Maintain
14/03/2018 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 500.00 New Target: GBX 500.00 Maintain

The stock increased 1.27% or GBX 3 during the last trading session, reaching GBX 240. About 76,827 shares traded. Kenmare Resources plc (LON:KMR) has 0.00% since September 8, 2017 and is . It has underperformed by 12.57% the S&P500.

Kenmare Resources plc, together with its subsidiaries, operates as a mining firm primarily in Europe, Asia, the United States, and internationally. The company has market cap of 263.05 million GBP. The firm operates the Moma titanium minerals mine located on the north east coast of Mozambique that contains approximately 200 million tonnes of ilmenite and associated co-products. It has a 7.27 P/E ratio. The Company’s products include ilmenite and rutile titanium minerals used as feed stocks to produce titanium dioxide pigment, titanium metal, and welding electrodes; and zircon, a zirconium silicate mineral that is used in ceramics, refractory, and foundry industries, as well as to produce zirconia and zirconium chemicals for various applications.

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