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Kenmare Resources
(LSE:KMR)
Kenmare Resources (KMR) vs. iShares MSCI United Kingdom ETF (EWC)
Kenmare Resources Business Overview & Revenue Model
Kenmare Resources Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 417.32M | 414.75M | 458.48M | 525.99M | 455.94M | 243.75M |
| Gross Profit | 86.80M | 95.38M | 163.55M | 243.29M | 160.93M | 64.64M |
| EBITDA | 138.72M | 154.75M | 223.75M | 296.42M | 210.89M | 75.31M |
| Net Income | -50.22M | 64.89M | 130.98M | 206.03M | 128.53M | 16.74M |
Balance Sheet | ||||||
| Total Assets | 1.24B | 1.31B | 1.26B | 1.25B | 1.16B | 1.14B |
| Cash, Cash Equivalents and Short-Term Investments | 46.51M | 56.68M | 71.05M | 108.27M | 69.06M | 87.24M |
| Total Debt | 129.64M | 79.25M | 49.39M | 80.36M | 150.28M | 149.16M |
| Total Liabilities | 189.04M | 148.24M | 117.88M | 145.29M | 230.07M | 242.26M |
| Stockholders Equity | 1.05B | 1.16B | 1.14B | 1.10B | 930.64M | 900.50M |
Cash Flow | ||||||
| Free Cash Flow | -112.78M | 7.24M | 86.66M | 149.55M | 87.46M | -68.18M |
| Operating Cash Flow | 105.68M | 159.83M | 153.19M | 209.42M | 147.81M | 71.17M |
| Investing Cash Flow | -218.46M | -152.59M | -66.54M | -59.87M | -60.34M | -139.35M |
| Financing Cash Flow | 99.00M | -21.60M | -123.88M | -109.73M | -100.97M | 72.77M |
Kenmare Resources Technical Analysis
Kenmare Resources Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | £95.65M | ― | ― | ― | ― | ― | |
61 Neutral | £230.61M | -9.81 | -6.87% | 2.03% | -63.09% | -253.25% | |
56 Neutral | £325.08M | 49.73 | 3.23% | ― | -32.18% | -58.29% | |
54 Neutral | £238.77M | -6.19 | -4.64% | 6.30% | 6.65% | -159.09% | |
41 Neutral | $531.49M | -19.03 | -14.69% | ― | ― | 41.51% |
Kenmare Resources Corporate Events
Kenmare Resources has announced the appointment of Ekaterina (Katia) Ray as an independent Non-Executive Director and member of the Remuneration Committee. Katia Ray brings extensive experience in the mining industry, having worked with major companies like Rio Tinto and Anglo American. This appointment is part of a broader board restructuring, which includes the retirement of Graham Martin and the appointment of Elaine Dorward-King as Senior Independent Director. These changes are expected to strengthen Kenmare’s board and support the company’s long-term success.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £322.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.
Kenmare Resources reported a challenging Q3 2025, with production impacted by the upgrade of its Wet Concentrator Plant A, leading to lower ilmenite output. Despite these challenges, the company remains on track to meet its 2025 production and cost guidance, although ilmenite production is expected to be at the lower end of the forecast. The global market conditions remain difficult, with one customer unable to take contracted volumes, but demand for zircon remains strong. The company is also focusing on extending its Implementation Agreement with the government and has increased security measures at the Moma mine following a theft incident.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £333.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.
Kenmare Resources has successfully connected two new dredges and a new feed preparation unit to its Wet Concentrator Plant A (WCP A) at the Moma Titanium Minerals Mine, initiating the commissioning process. This upgrade is crucial for transitioning to the Nataka ore zone, which holds 70% of Moma’s Mineral Resources, ensuring production for over 20 years. The project, with a capital cost of $341 million, aims to manage higher slimes content and enhance mining rates, with full ramp-up expected by the end of 2025.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £332.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.
Kenmare Resources reported a tragic incident at its Moma Titanium Minerals Mine in Mozambique, where a police officer was fatally assaulted during a theft at the mine’s water pump station. The company is cooperating with local authorities in the investigation and is enhancing security measures at the site. This incident underscores the challenges of maintaining safety and security in resource extraction operations, impacting both the company’s operations and its commitment to safety.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £325.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.
Kenmare Resources has initiated an upgrade of its Wet Concentrator Plant A (WCP A) at the Moma Titanium Minerals Mine in Mozambique. This upgrade involves connecting new dredges and a feed preparation unit to facilitate mining in the Nataka ore zone, which holds 70% of Moma’s mineral resources. The project, with a capital cost of $341 million, aims to secure long-term production and improve mining rates by managing higher slime levels in the ore. Production has paused for three to four weeks to complete the upgrade, but the company remains on track to meet its 2025 production and cost guidance.
The most recent analyst rating on (GB:KMR) stock is a Hold with a £370.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.
Kenmare Resources reported a mineral product revenue of $159.6 million for the first half of 2025, with an adjusted EBITDA of $47.2 million. Despite a non-cash impairment loss of over $100 million due to revised pricing assumptions, the company remains on track to meet its production and cost guidance for the year. The interim dividend is set at USc10 per share, and Kenmare is exploring additional shipping capacity to boost shipments in the second half. While negotiations with the Mozambique government on the Moma Implementation Agreement continue, the company is prepared to protect its contractual rights if necessary.
The most recent analyst rating on (GB:KMR) stock is a Buy with a £377.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.
Kenmare Resources is currently in discussions with the Government of Mozambique regarding the renewal of key rights and concessions under the Moma Implementation Agreement. Despite ongoing negotiations, operations at the Moma mine remain unaffected, and the company assures stakeholders that existing rights and benefits continue to be in effect until the extension process is concluded.
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.