Kenmare Resources’ (KMR) Buy Rating Reiterated at Canaccord Genuity

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Canaccord Genuity reaffirmed their buy rating on shares of Kenmare Resources (LON:KMR) in a report issued on Wednesday morning. They currently have a GBX 475 ($6.06) price objective on the stock.

Separately, Peel Hunt assumed coverage on Kenmare Resources in a research note on Friday, August 10th. They set a buy rating and a GBX 370 ($4.72) price target for the company.

LON:KMR opened at GBX 227 ($2.90) on Wednesday. Kenmare Resources has a 52-week low of GBX 236.75 ($3.02) and a 52-week high of GBX 351.75 ($4.49).

Kenmare Resources Company Profile

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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