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Kenmare Resources (GB:KMR)
LSE:KMR
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Kenmare Resources (KMR) AI Stock Analysis

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GB:KMR

Kenmare Resources

(LSE:KMR)

Rating:62Neutral
Price Target:
339.00p
▲(0.59% Upside)
The stock score is primarily influenced by mixed financial performance and bearish technical indicators. However, a low P/E ratio and strategic corporate developments provide some positive outlook, offering potential for future improvement if financials stabilize and technicals recover.

Kenmare Resources (KMR) vs. iShares MSCI United Kingdom ETF (EWC)

Kenmare Resources Business Overview & Revenue Model

Company DescriptionKenmare Resources plc, together with its subsidiaries, produces and sells mineral sand products in China, Europe, the United States, and internationally. It operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique. The company's products include ilmenite, zircon, and rutile; and concentrates, including secondary zircon and mineral sand concentrates. As of December 31, 2020, it had a total proved and probable ore reserves of 1,534 million tons. The company was incorporated in 1972 and is headquartered in Dublin, Ireland.
How the Company Makes MoneyKenmare Resources generates revenue primarily through the sale of mineral sands, specifically ilmenite, zircon, and rutile. These products are sold to a diverse customer base, including manufacturers of titanium dioxide pigments, ceramics, and other industrial applications. The company benefits from long-term contracts and spot market sales, which provide flexibility in pricing and volume. Additionally, Kenmare has established strategic partnerships with key players in the mineral processing industry, enhancing its market reach and stability. Factors contributing to its earnings include global demand for titanium dioxide, fluctuations in commodity prices, and operational efficiencies that reduce production costs.

Kenmare Resources Financial Statement Overview

Summary
Kenmare Resources shows a mixed financial performance with strong equity and low leverage. However, declining revenues, profitability margins, and significant challenges in cash flow generation impact its overall financial health negatively.
Income Statement
70
Positive
The company exhibited declining revenues over the last three years, with a 9.53% decrease from 2022 to 2023 and a further 9.54% decrease from 2023 to 2024. Gross profit margin has decreased from 46.27% in 2022 to 22.99% in 2024, indicating increased cost efficiency challenges. The net profit margin also declined from 39.18% in 2022 to 15.65% in 2024, suggesting reduced profitability. Despite these challenges, Kenmare Resources maintains a reasonable EBIT margin of 21.51% in 2024.
Balance Sheet
75
Positive
Kenmare Resources holds a strong equity position with an equity ratio of 88.68% in 2024. The debt-to-equity ratio is low at 0.07, indicating prudent leverage management. However, the return on equity has decreased significantly from 18.67% in 2022 to 5.59% in 2024, reflecting declining efficiency in generating returns for shareholders.
Cash Flow
60
Neutral
The company experienced a significant drop in free cash flow from 2022 to 2024, falling from €149.55 million to €7.24 million. The operating cash flow remains relatively stable, with a slight increase in 2024. However, the free cash flow to net income ratio dropped considerably, highlighting challenges in converting earnings into available cash. The operating cash flow to net income ratio is robust at 2.46 in 2024, which is a positive indicator of cash generation capability despite declining profits.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue414.75M458.48M525.99M455.94M243.75M
Gross Profit95.38M163.55M243.29M210.96M64.64M
EBITDA154.75M223.75M296.42M210.89M75.31M
Net Income64.89M130.98M206.03M128.53M16.74M
Balance Sheet
Total Assets1.31B1.26B1.25B1.16B1.14B
Cash, Cash Equivalents and Short-Term Investments56.68M71.05M108.27M69.06M87.24M
Total Debt79.25M49.39M80.36M150.28M149.16M
Total Liabilities148.24M117.88M145.29M230.07M242.26M
Stockholders Equity1.16B1.14B1.10B930.64M900.50M
Cash Flow
Free Cash Flow7.24M86.66M149.55M87.46M-68.18M
Operating Cash Flow159.83M153.19M209.42M147.81M71.17M
Investing Cash Flow-152.59M-66.54M-59.87M-60.34M-139.35M
Financing Cash Flow-21.60M-123.88M-109.73M-100.97M72.77M

Kenmare Resources Technical Analysis

Technical Analysis Sentiment
Positive
Last Price337.00
Price Trends
50DMA
335.99
Positive
100DMA
361.42
Negative
200DMA
342.41
Negative
Market Momentum
MACD
-0.87
Negative
RSI
56.04
Neutral
STOCH
86.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KMR, the sentiment is Positive. The current price of 337 is above the 20-day moving average (MA) of 325.98, above the 50-day MA of 335.99, and below the 200-day MA of 342.41, indicating a neutral trend. The MACD of -0.87 indicates Negative momentum. The RSI at 56.04 is Neutral, neither overbought nor oversold. The STOCH value of 86.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:KMR.

Kenmare Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (44)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
71
Outperform
£346.30M39.924.18%-9.69%-26.86%
66
Neutral
£180.05M9.71-2.05%2.63%-5.97%-1292.31%
62
Neutral
£295.81M5.835.55%7.28%-12.22%-49.48%
61
Neutral
£88.10M7.041.86%
44
Neutral
C$925.05M-8.84-0.23%2.68%24.67%-41.39%
$484.25M-13.52%
£237.54M-10.18%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:KMR
Kenmare Resources
337.00
8.47
2.58%
GB:ECOR
Ecora Resources
72.70
12.48
20.72%
GB:GFM
Griffin Mining
189.00
72.00
61.54%
GB:JLP
Jubilee Metals Group
2.90
-3.04
-51.18%
SLGGF
SolGold
0.19
0.05
35.71%
GB:PRE
Pensana Rare Earths PLC
78.60
64.70
465.47%

Kenmare Resources Corporate Events

Business Operations and StrategyRegulatory Filings and Compliance
Kenmare Resources Engages in Renewal Talks with Mozambique Government
Neutral
Aug 15, 2025

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Kenmare Resources Advances Moma Mine Upgrade with New Dredge Arrival
Positive
Jul 28, 2025

Kenmare Resources announced the safe arrival of the second high-capacity dredge at the Moma Mine, marking a significant milestone in the upgrade of their Wet Concentrator Plant A. This development is part of a strategic project to enhance the company’s mining operations, with the connection of the new dredges and feed preparation module scheduled to begin later this quarter, signaling progress in de-risking the project and potentially strengthening Kenmare’s position in the global titanium minerals market.

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.

Product-Related AnnouncementsBusiness Operations and Strategy
Kenmare Resources Advances Moma Mine Upgrade with New Dredge Arrival
Positive
Jul 21, 2025

Kenmare Resources has announced the arrival of the first of two new high-capacity dredges at its Moma Mine in Mozambique, marking a significant milestone in the upgrade of its largest mining plant, Wet Concentrator Plant A. This upgrade is crucial for the transition to the Nataka ore zone, which holds the majority of Moma’s mineral resources, ensuring long-term production sustainability and strengthening Kenmare’s position in the global titanium minerals market.

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.

Business Operations and StrategyFinancial Disclosures
Kenmare Resources Reports Strong H1 2025 Amid Market Uncertainty
Positive
Jul 16, 2025

Kenmare Resources reported stable ilmenite prices and strong demand for its products in the first half of 2025, despite anticipating a non-cash impairment charge of up to $125 million due to uncertain long-term pricing. The company maintained its strong safety record and is on track to meet its 2025 production and cost guidance, with upgrades to the Wet Concentrator Plant A and new dredges expected to boost production in the second half of the year.

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.

M&A TransactionsBusiness Operations and Strategy
Kenmare Resources Voting Rights Update
Neutral
Jul 10, 2025

Kenmare Resources Plc has announced a change in its voting rights structure due to an acquisition by Aegis Financial Corporation, a US-based investment management company. The acquisition has increased Aegis Financial Corporation’s voting rights in Kenmare Resources to 6.01%, up from 5.31%, potentially impacting the company’s governance and stakeholder dynamics.

The most recent analyst rating on (GB:KMR) stock is a Hold with a £420.00 price target. To see the full list of analyst forecasts on Kenmare Resources stock, see the GB:KMR Stock Forecast page.

M&A TransactionsBusiness Operations and Strategy
Kenmare Resources Ends Takeover Talks, Focuses on Independent Growth
Neutral
Jun 19, 2025

Kenmare Resources has terminated discussions with a consortium led by Oryx Global Partners regarding a potential takeover offer. The board rejected the consortium’s revised pricing as it undervalued Kenmare’s business and prospects. Kenmare remains confident in its independent growth strategy, with ongoing projects like the Wet Concentrator Plant A upgrade and discussions with the Mozambique government to extend the Implementation Agreement, which are expected to secure long-term production and cash flow.

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.

Regulatory Filings and Compliance
Kenmare Resources Announces Issued Share Capital Details
Neutral
Jun 19, 2025

Kenmare Resources plc, a company listed on the Euronext Dublin and the FCA’s premium listing segment, announced its issued share capital consists of 89,228,161 ordinary shares, with no treasury shares held. Additionally, there are outstanding options over 3,149,195 ordinary shares under the company’s restricted share plan. This announcement is made in compliance with Rule 2.12 of the Irish Takeover Rules, which also requires disclosure of dealings in relevant securities by interested parties holding 1% or more.

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.

Regulatory Filings and Compliance
Kenmare Resources Announces Share Capital Details Under Irish Takeover Rules
Neutral
Jun 12, 2025

Kenmare Resources plc, a company listed on Euronext Dublin and the FCA’s premium listing segment, announced its issued share capital comprises 89,228,161 ordinary shares. The company has no treasury shares, and there are options over 3,150,995 ordinary shares under its restricted share plan. This announcement is made in accordance with Rule 2.12 of the Irish Takeover Rules, highlighting the disclosure requirements for those interested in 1% or more of Kenmare’s securities during the offer period.

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.

Regulatory Filings and Compliance
Kenmare Resources Announces Compliance with Irish Takeover Rules
Neutral
Jun 5, 2025

Kenmare Resources plc, a company with a share capital of 89,228,161 ordinary shares, has announced compliance with Rule 2.12 of the Irish Takeover Rules. The company has no treasury shares and options over 3,183,277 ordinary shares under its restricted share plan. This announcement emphasizes the disclosure requirements under Rule 8.3(b) of the Irish Takeover Rules for those interested in 1% or more of any class of relevant securities of Kenmare, impacting stakeholders by ensuring transparency and adherence to regulatory standards.

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.

Regulatory Filings and Compliance
Kenmare Resources Announces Share Capital Details Under Irish Takeover Rules
Neutral
May 29, 2025

Kenmare Resources has announced, in compliance with Rule 2.12 of the Irish Takeover Rules, that its issued share capital consists of 89,228,161 ordinary shares, with no treasury shares held. The shares are traded on Euronext Dublin and the FCA’s premium listing segment. This announcement is part of the regulatory requirements under the Irish Takeover Rules, which also necessitate disclosure of dealings in the company’s securities by those with significant interests.

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.

Regulatory Filings and Compliance
Kenmare Resources Announces Issued Share Capital and Disclosure Requirements
Neutral
May 22, 2025

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.

Executive/Board ChangesShareholder MeetingsDividends
Kenmare Resources Successfully Passes All AGM Resolutions
Positive
May 15, 2025

Kenmare Resources plc announced that all resolutions were passed at its Annual General Meeting, including the re-election of board members and the approval of a final dividend. The successful AGM resolutions reinforce Kenmare’s stable governance and shareholder confidence, potentially strengthening its market position and stakeholder relations.

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.

Financial DisclosuresRegulatory Filings and Compliance
Kenmare Resources Corrects Government Payment Report
Positive
May 15, 2025

Kenmare Resources plc has issued a corrected report on its payments to the Government of Mozambique, amending the total payments figure to 20,323 (

#8217;000). The report, prepared in compliance with relevant UK and Irish regulations, details payments related to the company’s mining and processing operations at the Moma Mine. These payments include taxes, royalties, and fees, reflecting the company’s financial contributions to its host country. The report underscores Kenmare’s adherence to transparency and regulatory requirements, potentially impacting its reputation and stakeholder relations positively.

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.

Regulatory Filings and Compliance
Kenmare Resources Announces Share Capital Details in Compliance with Irish Takeover Rules
Neutral
May 15, 2025

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.

M&A TransactionsBusiness Operations and Strategy
Kenmare Resources Extends Deadline for Potential Takeover Offer
Neutral
May 15, 2025

Kenmare Resources plc has announced an extension to the deadline for a potential all-cash offer from Oryx Global Partners Limited and Michael Carvill. The extension, approved by the Takeover Panel, allows the Consortium until June 20, 2025, to announce a firm intention to make an offer or to declare no intent to proceed. This extension aims to facilitate ongoing discussions and due diligence, but there remains uncertainty about whether a firm offer will be made. The outcome of these discussions could significantly impact Kenmare’s operations and market positioning.

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 28, 2025