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An update from Kenmare Resources ( (GB:KMR) ) is now available.
Kenmare Resources plc announced its current issued share capital, consisting of 89,228,161 ordinary shares, with no treasury shares, and options over 3,076,278 shares under its restricted share plan. This announcement, made in compliance with the Irish Takeover Rules, highlights the company’s transparency in its share dealings and its adherence to regulatory requirements, which could impact investor confidence and market perception.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £4.20 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 scores well due to its strong valuation and positive corporate events. Despite challenges in financial performance, particularly in cash flow and declining margins, the technical analysis suggests positive momentum. These factors combined indicate a moderately optimistic outlook for the stock, with opportunities for growth and income generation.
To see Spark’s full report on GB:KMR stock, click here.
More about Kenmare Resources
Kenmare Resources plc operates in the mining industry, focusing on the extraction and production of mineral sands. The company is known for its production of ilmenite, zircon, and rutile, which are primarily used in the manufacturing of pigments and ceramics. Kenmare’s market focus is on supplying these essential raw materials to global markets, with its shares listed on Euronext Dublin and the FCA’s premium listing segment.
Average Trading Volume: 159,176
Technical Sentiment Signal: Buy
Current Market Cap: £353.3M
See more data about KMR stock on TipRanks’ Stock Analysis page.