Kenmare Resources (LON:KMR) Earns Hold Rating from Berenberg Bank

Berenberg Bank restated their hold rating on shares of Kenmare Resources (LON:KMR) in a research report sent to investors on Tuesday, MarketBeat Ratings reports. The brokerage currently has a GBX 420 ($5.36) price target on the stock.

Kenmare Resources Stock Performance

LON KMR opened at GBX 349 ($4.46) on Tuesday. Kenmare Resources has a twelve month low of GBX 291 ($3.72) and a twelve month high of GBX 445.50 ($5.69). The company has a quick ratio of 1.22, a current ratio of 4.04 and a debt-to-equity ratio of 4.32. The firm has a market cap of £311.41 million, a price-to-earnings ratio of 323.15, a price-to-earnings-growth ratio of 0.03 and a beta of 0.52. The business has a 50-day moving average price of GBX 327.89 and a 200-day moving average price of GBX 326.42.

Kenmare Resources Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, September 19th. This represents a dividend yield of 3.57%. Kenmare Resources’s dividend payout ratio is currently 4,166.67%.

Kenmare Resources Company Profile

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.