Kenmare Resources plc (LON:KMR) Insider Buys £24,881.78 in Stock

Kenmare Resources plc (LON:KMR) insider Steven McTiernan bought 11,627 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were purchased at an average price of GBX 214 ($2.82) per share, with a total value of £24,881.78 ($32,730.57).

LON:KMR traded down GBX 11 ($0.14) during mid-day trading on Friday, reaching GBX 209.32 ($2.75). 25,937 shares of the company were exchanged, compared to its average volume of 44,552. The company has a fifty day moving average of GBX 195.32 and a 200 day moving average of GBX 222.80. The company has a quick ratio of 2.67, a current ratio of 4.08 and a debt-to-equity ratio of 7.33. The stock has a market cap of $229.70 million and a PE ratio of 5.23. Kenmare Resources plc has a 12 month low of GBX 138 ($1.82) and a 12 month high of GBX 292 ($3.84).

The firm also recently declared a dividend, which was paid on Tuesday, May 19th. Shareholders of record on Thursday, April 16th were issued a $0.06 dividend. This is an increase from Kenmare Resources’s previous dividend of $0.03. This represents a dividend yield of 2.68%. The ex-dividend date was Thursday, April 16th. Kenmare Resources’s dividend payout ratio is 15.00%.

Several brokerages have recently commented on KMR. Berenberg Bank boosted their target price on Kenmare Resources from GBX 380 ($5.00) to GBX 400 ($5.26) and gave the stock a “buy” rating in a report on Wednesday, March 25th. Peel Hunt reiterated a “buy” rating on shares of Kenmare Resources in a research report on Thursday, April 9th.

About Kenmare Resources

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 heavy mineral reserves, such as ilmenite and rutile titanium minerals primarily used to produce titanium dioxide pigment, as well as zircon.

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