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Kenmare Resources ( (GB:KMR) ) just unveiled an update.
Kenmare Resources has provided an update on its Wet Concentrator Plant A (WCP A) upgrade project and 2025 production guidance. The company has installed new high-capacity dredges and a feed preparation module, achieving nameplate capacity intermittently. However, commissioning challenges have led to lower production rates, prompting a revised 2025 production guidance of 870,000 to 905,000 tonnes of ilmenite. Despite these challenges, Kenmare expects to meet shipment commitments through existing inventory and anticipates no impact on sales. The transition to the Nataka ore zone, crucial for long-term production, is on track, with the capital cost estimate unchanged at $341 million.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £296.00 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 Neutral.
Kenmare Resources faces significant challenges, with declining financial performance and weak technical indicators. The high dividend yield offers some support, but the negative P/E ratio and bearish market trends are concerning. The lack of earnings call data and corporate events further limits positive factors.
To see Spark’s full report on GB:KMR stock, click here.
More about Kenmare Resources
Kenmare Resources plc is one of the world’s largest producers of titanium minerals, operating the Moma Titanium Minerals Mine in Mozambique. The company, listed on the London Stock Exchange and Euronext Dublin, supplies raw materials used in everyday items such as paints, plastics, and ceramic tiles to customers in over 15 countries.
Average Trading Volume: 140,387
Technical Sentiment Signal: Sell
Current Market Cap: £254.2M
For a thorough assessment of KMR stock, go to TipRanks’ Stock Analysis page.