The stock of Kenmare Resources plc (LON:KMR) is a huge mover today! The stock decreased 0.41% or GBX 1 on November 16, hitting GBX 245.25. About 46,229 shares traded hands. Kenmare Resources plc (LON:KMR) has risen 24425.00% since April 19, 2016 and is uptrending. It has outperformed by 24420.31% the S&P500.
The move comes after 8 months negative chart setup for the GBX 253.38 million company. It was reported on Nov, 16 by Barchart.com. We have GBX 213.37 PT which if reached, will make LON:KMR worth GBX 32.94 million less.
Kenmare Resources plc (LON:KMR) Ratings Coverage
Out of 6 analysts covering Kenmare Resources PLC (LON:KMR), 2 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 33% are positive. Kenmare Resources PLC has been the topic of 27 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The stock of Kenmare Resources plc (LON:KMR) has “Neutral” rating given on Wednesday, March 9 by J.P. Morgan. The firm has “Sector Performer” rating given on Tuesday, December 8 by RBC Capital Markets. On Thursday, March 10 the stock rating was maintained by JP Morgan with “Neutral”. The company was reinitiated on Monday, August 8 by Canaccord Genuity. The stock of Kenmare Resources plc (LON:KMR) has “Hold” rating given on Thursday, September 24 by Goodbody. On Wednesday, August 24 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Outperform” rating by Davy Research given on Thursday, August 4. The firm earned “Hold” rating on Thursday, October 15 by Goodbody. JP Morgan maintained the stock with “Neutral” rating in Friday, October 30 report. Canaccord Genuity reinitiated the shares of KMR in a report on Friday, April 29 with “Under Review” rating.
More news for Kenmare Resources plc (LON:KMR) were recently published by: Uk.Finance.Yahoo.com, which released: “Kenmare Resources plc (KMR.L)” on March 16, 2014. Fool.Co.Uk‘s article titled: “Kenmare Resources plc Jumps On Refinancing And Takover Offer” and published on April 30, 2015 is yet another important article.
Kenmare Resources plc is a mining company. The company has a market cap of 253.38 million GBP. The Firm and its subsidiaries are engaged in the operation and further development of the Moma Titanium Minerals Mine, which is located in northern coast of Mozambique. It currently has negative earnings. The Moma Mine contains deposits of heavy minerals, such as the titanium minerals, including ilmenite and rutile, as well as zirconium silicate mineral, zircon.
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