The stock of Kenmare Resources plc (LON:KMR) is a huge mover today! The stock decreased 2.94% or GBX 7.5 on November 18, hitting GBX 247.25. About 8,499 shares traded hands. Kenmare Resources plc (LON:KMR) has risen 25375.00% since April 20, 2016 and is uptrending. It has outperformed by 25370.57% the S&P500.
The move comes after 5 months positive chart setup for the GBX 280.54M company. It was reported on Nov, 18 by Barchart.com. We have GBX 405.49 PT which if reached, will make LON:KMR worth GBX 179.55 million more.
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. GBX 510 is the highest target while GBX 1 is the lowest. The GBX 154.45 average target is -37.53% below today’s (GBX 247.25) stock price. Kenmare Resources PLC has been the topic of 27 analyst reports since July 28, 2015 according to StockzIntelligence Inc. Canaccord Genuity reinitiated Kenmare Resources plc (LON:KMR) on Friday, April 29 with “Under Review” rating. The rating was maintained by JP Morgan with “Neutral” on Friday, October 30. As per Thursday, January 14, the company rating was maintained by RBC Capital Markets. The firm earned “Hold” rating on Thursday, September 24 by Goodbody. The stock of Kenmare Resources plc (LON:KMR) has “Hold” rating given on Wednesday, August 5 by Goodbody. On Tuesday, December 8 the stock rating was downgraded by RBC Capital Markets to “Sector Performer”. Canaccord Genuity reinitiated the stock with “Buy” rating in Monday, August 8 report. On Thursday, April 7 the stock rating was maintained by JP Morgan with “Neutral”. Davy Research maintained the shares of KMR in a report on Thursday, August 4 with “Outperform” rating. The firm earned “Neutral” rating on Monday, November 7 by JP Morgan.
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 280.54 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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