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Kenmare Resources (GB:KMR)
LSE:KMR

Kenmare Resources (KMR) AI Stock Analysis

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Kenmare Resources

(LSE:KMR)

Rating:63Neutral
Price Target:
334.00p
▲(2.45%Upside)
Kenmare Resources' overall stock score is driven by its solid valuation and positive corporate governance events. However, declining financial performance and bearish technical indicators weigh heavily on the stock's outlook.

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

Kenmare Resources Business Overview & Revenue Model

Company DescriptionKenmare Resources plc (KMR) is a leading mining company that specializes in the extraction and processing of mineral sands. Based in Dublin, Ireland, the company operates primarily in the production of titanium minerals and zircon, which are essential raw materials for a wide range of industrial applications. Kenmare's flagship operation is the Moma Titanium Minerals Mine located in northern Mozambique, which is recognized as one of the largest titanium mineral deposits in the world.
How the Company Makes MoneyKenmare Resources generates revenue primarily through the extraction and sale of mineral sands, including ilmenite, zircon, and rutile. These minerals are processed and sold to various industries, with ilmenite being a key feedstock for the production of titanium dioxide pigment, which is used in products such as paints, plastics, and paper. Zircon is utilized in the ceramics industry, while rutile is used in the manufacture of titanium metal and welding rods. The company's revenue model is heavily reliant on global demand for these minerals, particularly from the pigment industry. Additionally, Kenmare's financial performance is influenced by its strategic partnerships with major industrial buyers and its operational efficiencies in mineral extraction and processing.

Kenmare Resources Financial Statement Overview

Summary
Kenmare Resources shows mixed financial performance. The company faces declining revenue and profitability margins, with significant challenges in cash flow generation. However, it maintains strong equity and prudent leverage positions. Efforts are needed to improve cost efficiencies and revenue generation to enhance overall financial health.
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
Negative
Last Price326.00
Price Trends
50DMA
374.50
Negative
100DMA
364.62
Negative
200DMA
342.07
Negative
Market Momentum
MACD
-15.37
Positive
RSI
38.06
Neutral
STOCH
70.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:KMR, the sentiment is Negative. The current price of 326 is below the 20-day moving average (MA) of 351.02, below the 50-day MA of 374.50, and below the 200-day MA of 342.07, indicating a bearish trend. The MACD of -15.37 indicates Positive momentum. The RSI at 38.06 is Neutral, neither overbought nor oversold. The STOCH value of 70.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:KMR.

Kenmare Resources Peers Comparison

Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
GBJLP
72
Outperform
£106.97M7.041.86%
GBGFM
71
Outperform
£362.98M41.834.18%-9.69%-26.86%
66
Neutral
£158.39M9.71-2.05%1.86%-5.97%-1292.31%
GBKMR
63
Neutral
£288.29M5.685.55%5.75%-12.22%-49.48%
57
Neutral
£2.72B4.90-9.97%3.95%-1.19%-6.71%
41
Neutral
$210.98M-13.52%6.41%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:KMR
Kenmare Resources
326.00
27.88
9.35%
GB:SOLG
SolGold
7.03
-1.93
-21.54%
GB:GFM
Griffin Mining
1.97
0.47
31.33%
GB:JLP
Jubilee Metals Group
3.40
-3.60
-51.43%
GB:ECOR
Ecora Resources
63.60
-2.32
-3.52%

Kenmare Resources Corporate Events

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.

Regulatory Filings and Compliance
Kenmare Resources Releases 2024 Payments to Governments Report
Positive
May 14, 2025

Kenmare Resources plc has published its Report on Payments to Governments for the financial year ending 31 December 2024. The report, prepared in compliance with various regulatory requirements, details the payments made by the company and its subsidiaries related to its mining and processing activities at the Moma Mine in Mozambique. The report highlights the company’s tax obligations and royalty payments to the Mozambican government, reflecting its significant operational presence and contribution to the local economy. This disclosure underscores Kenmare’s commitment to transparency and compliance with international standards, potentially impacting its reputation and stakeholder relations positively.

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
May 8, 2025

Kenmare Resources plc, a company with issued share capital of 89,228,161 ordinary shares, has announced compliance with Rule 2.12 of the Irish Takeover Rules. The announcement confirms the company’s share capital details and highlights the requirement for disclosure of dealings in relevant securities by those with significant interests, as per the Irish Takeover Rules. This disclosure is crucial for maintaining transparency during any offer period, impacting stakeholders by ensuring all dealings are reported promptly.

Regulatory Filings and Compliance
Kenmare Resources Confirms Compliance with Irish Takeover Rules
Neutral
May 1, 2025

Kenmare Resources plc has announced its compliance with Rule 2.12 of the Irish Takeover Rules, confirming its issued share capital of 89,228,161 ordinary shares, with options over an additional 3,080,592 shares under the company’s restricted share plan. The shares are listed on Euronext Dublin and the FCA’s premium listing segment. This announcement underscores Kenmare’s adherence to regulatory requirements, ensuring transparency and compliance in its securities dealings, which is crucial for maintaining investor confidence and market integrity.

Regulatory Filings and Compliance
Kenmare Resources Announces Share Capital Details in Compliance with Irish Takeover Rules
Neutral
Apr 24, 2025

Kenmare Resources plc, a company listed on the Euronext Dublin and the premium listing segment of the FCA, has announced its current issued share capital as part of compliance with the Irish Takeover Rules. The company has 89,228,161 ordinary shares in circulation and options over 3,088,855 shares under its restricted share plan. This announcement is significant for stakeholders as it outlines the company’s adherence to disclosure requirements under the Irish Takeover Rules, ensuring transparency and regulatory compliance during any potential offer period.

M&A TransactionsBusiness Operations and Strategy
Kenmare Resources Extends PUSU Deadline Amid Takeover Talks
Neutral
Apr 17, 2025

Kenmare Resources plc has announced an extension of the PUSU deadline to facilitate ongoing discussions with Oryx Global Partners Limited and Michael Carvill regarding a potential all-cash offer for the company. This extension allows the consortium more time for due diligence, with a new deadline set for 15 May 2025. The outcome remains uncertain, and the extension highlights the company’s strategic considerations in evaluating the potential offer.

Shareholder Meetings
Kenmare Resources Announces 2025 AGM Details
Positive
Apr 17, 2025

Kenmare Resources has announced its Annual General Meeting (AGM) scheduled for 15 May 2025 in Dublin, Ireland. The notice and proxy form for the AGM, along with the 2024 Annual Report, are available on the company’s website and have been distributed to shareholders. This announcement underscores Kenmare’s commitment to transparency and shareholder engagement, potentially impacting its market position positively.

Regulatory Filings and Compliance
Kenmare Resources Announces Share Capital Details in Compliance with Irish Takeover Rules
Neutral
Apr 17, 2025

Kenmare Resources plc, a company listed on the Euronext Dublin and the FCA’s premium listing segment, announced its share capital details in compliance with the Irish Takeover Rules. The company has 89,228,161 ordinary shares in issue and options over 3,109,700 shares under its restricted share plan. This announcement highlights the company’s adherence to disclosure requirements, ensuring transparency for stakeholders during any potential offer period.

Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Kenmare Resources Publishes 2024 Annual Report with Strong Sustainability Achievements
Neutral
Apr 14, 2025

Kenmare Resources has published its 2024 Annual Report, highlighting its compliance with the European Commission’s Corporate Sustainability Reporting Directive for the first time. The company exceeded its sustainability targets, including a 12% reduction in emissions and significant community investments. Financially, Kenmare reported a decrease in revenue and profit, but maintained strong production levels and a solid EBITDA margin. The company rejected a non-binding acquisition proposal, citing undervaluation, and continues to focus on sustainable growth and stakeholder value.

Regulatory Filings and Compliance
Kenmare Resources Announces Share Capital Details Under Irish Takeover Rules
Neutral
Apr 10, 2025

Kenmare Resources plc has announced that its issued share capital consists of 89,228,161 ordinary shares, with no shares held as treasury shares. Additionally, there are options over 3,156,234 ordinary shares outstanding under the company’s restricted share plan. These shares are traded on the Official List of Euronext Dublin and the premium listing segment of the Official List of the FCA. This announcement is made in compliance with Rule 2.12 of the Irish Takeover Rules, highlighting the company’s adherence to regulatory requirements and ensuring transparency in its shareholding structure.

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: Jun 20, 2025