Analyst Price Target is GBX 420
▲ +31.05% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Kenmare Resources in the last 3 months. The average price target is GBX 420, with a high forecast of GBX 420 and a low forecast of GBX 420. The average price target represents a 31.05% upside from the last price of GBX 320.50.
Current Consensus is
Hold
The current consensus among 1 investment analysts is to hold stock in Kenmare Resources. This rating has held steady since October 2023, when it changed from a Buy consensus rating.
Kenmare Resources plc is an Ireland-based mining company. The Company operates the Moma Titanium Minerals Mine, located on the northeast coast of Mozambique. The Moma Mine contains deposits of heavy minerals, which include the titanium minerals ilmenite and rutile, as well as the zirconium silicate mineral, zircon. The Company is a producer of mineral sands products. The Company's products are raw materials consumed in items, such as paints, plastics and ceramic tiles. The Company produces titanium feedstocks, supplying approximately 25 customers operating in more than 15 countries. It has three mining ponds where dredges mine titanium-rich sands. 3-5% of the ore contains heavy minerals, which are removed and separated at its plant into four final products: ilmenite, zircon, rutile and mineral sands concentrate. These products are then loaded onto ocean-going vessels at its dedicated port facility.
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