Kenmare Resources (LON:KMR) Reaches New 12-Month Low – Should You Sell?

Kenmare Resources plc (LON:KMR) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 210.36 and last traded at GBX 213.50, with a volume of 76500 shares changing hands. The stock had previously closed at GBX 221.

Wall Street Analyst Weigh In

Separately, Berenberg Bank lowered their target price on shares of Kenmare Resources from GBX 290 to GBX 280 and set a “hold” rating on the stock in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Kenmare Resources presently has a consensus rating of “Moderate Buy” and an average target price of GBX 382.50.

Kenmare Resources Stock Down 0.7%

The company has a market cap of £183.50 million, a P/E ratio of -3.58, a PEG ratio of 0.03 and a beta of 0.49. The stock has a 50-day moving average of GBX 255.38 and a 200 day moving average of GBX 268.22. The company has a debt-to-equity ratio of 12.31, a current ratio of 6.16 and a quick ratio of 1.22.

Kenmare Resources Company Profile