Kenmare Resources Announces Issued Share Capital and Disclosure Requirements

Kenmare Resources ( (GB:KMR) ) just unveiled an announcement.

Kenmare Resources has announced its issued share capital, comprising 89,228,161 ordinary shares, in accordance with Rule 2.12 of the Irish Takeover Rules. The announcement also details the disclosure requirements under Rule 8.3(b) for those interested in 1% or more of Kenmare’s securities during an offer period, emphasizing the need for transparency in dealings and interests in relevant securities.

The most recent analyst rating on (GB:KMR) stock is a Buy with a £580.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.

Spark’s Take on GB:KMR Stock

According to Spark, TipRanks’ AI Analyst, GB:KMR is a Outperform.

Kenmare Resources’ overall score reflects a balance of strong valuation and positive corporate events, alongside challenges in financial performance. While the company benefits from a robust equity position and attractive dividend yield, addressing declining margins and cash flow issues is critical for future growth. Technical analysis supports a stable outlook, with potential for upward momentum.

To see Spark’s full report on GB:KMR stock, click here.

More about Kenmare Resources

Kenmare Resources is a company involved in the mining industry, focusing on the extraction and production of mineral sands. The company is listed on the Euronext Dublin and the premium listing segment of the Official List of the FCA, with its primary market being the trading of its ordinary shares.

Average Trading Volume: 159,179

Technical Sentiment Signal: Buy

Current Market Cap: £329.4M

For an in-depth examination of KMR stock, go to TipRanks’ Stock Analysis page.