Separately, Canaccord Genuity reaffirmed a buy rating and issued a GBX 475 ($6.21) price target on shares of Kenmare Resources in a report on Wednesday, October 17th.
Shares of LON:KMR traded down GBX 3.50 ($0.05) during midday trading on Tuesday, hitting GBX 211 ($2.76). The company had a trading volume of 28,106 shares, compared to its average volume of 44,552. Kenmare Resources has a twelve month low of GBX 236.75 ($3.09) and a twelve month high of GBX 351.75 ($4.60).
Kenmare Resources plc, together with its subsidiaries, operates as a mining company primarily in Europe, Asia, the United States, and internationally. The company 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.
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