Kenmare Resources plc Declares Dividend of $0.15 (LON:KMR)

Kenmare Resources plc (LON:KMR) announced a dividend on Wednesday, August 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.15 per share on Friday, October 11th. This represents a dividend yield of 3.57%. The ex-dividend date is Thursday, September 19th. The official announcement can be accessed at this link.

Kenmare Resources Stock Up 2.4 %

Shares of Kenmare Resources stock traded up GBX 8 ($0.10) on Wednesday, reaching GBX 335 ($4.28). 318,232 shares of the company were exchanged, compared to its average volume of 179,521. Kenmare Resources has a one year low of GBX 291 ($3.72) and a one year high of GBX 445.50 ($5.69). The company has a market capitalization of £298.92 million, a price-to-earnings ratio of 313.43, a PEG ratio of 0.03 and a beta of 0.52. The company has a current ratio of 4.04, a quick ratio of 1.22 and a debt-to-equity ratio of 4.32. The company has a 50-day moving average of GBX 328.06 and a 200 day moving average of GBX 326.21.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank restated a “hold” rating and issued a GBX 420 ($5.36) price target on shares of Kenmare Resources in a research note on Tuesday.

Kenmare Resources Company Profile

Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, the rest of Asia, 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, rutile, and zircon; monazite; and concentrates, including secondary zircon and mineral sand concentrates.