Kenmare Resources is a mining company with operations in Africa and Ireland. The company’s shares are listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index. Kenmare produced 2.1 million tonnes of ilmenite in 2015, making it the largest producer of the mineral in Africa and one of the largest in the world.
The company also has interests in gold, diamonds, titanium, zirconium and other minerals.
Kenmare, an Irish company that owns and operates a titanium minerals mine in Mozambique, announced today that its share price has increased by 5% on the London Stock Exchange. The company attributed the rise to continued positive performance at the mine, which is currently operating at full capacity.
This is great news for Kenmare shareholders, who have seen the value of their investment increase steadily over the past year.
The company’s share price is up nearly 50% since this time last year, and Kenmare looks poised to continue performing well in the future. With demand for titanium minerals expected to continue growing globally, Kenmare is well-positioned to benefit from this trend.
Kenmare Share Price Forecast
Kenmare Resources plc (LON: KMR) is an Irish mining company with operations in Africa. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Kenmare operates the Moma Mine in Mozambique which produces ilmenite, a titanium-iron oxide mineral used as feedstock for production of titanium dioxide, pigments and metals.
The share price of Kenmare Resources plc (LON: KMR) has been on a rollercoaster ride over the past year, but analysts at Liberum believe that there could be further upside ahead for the stock. In a note to clients, they set a target price of 140p on the shares, which are currently trading at around 115p.
They argue that despite challenges faced by the company, including lower than expected ilmenite grades at its Moma mine in Mozambique and delays in commissioning new equipment, Kenmare remains one of the lowest cost producers of ilmenite globally.
With demand for ilmenite growing as China looks to increase its output of titanium dioxide, they believe that Kenmare is well placed to benefit from this trend.
While acknowledging that there are risks associated with investing in Kenmare, they believe that these are more than priced into the current share price and recommend buying the shares as they believe there is significant upside potential.
Credit: www.kenmareresources.com
Is Kenmare Resources a Buy?
Kenmare Resources is a mining company with operations in Mozambique and Ireland. The company’s primary products are ilmenite, rutile, and zircon, which are used in the production of titanium dioxide pigment. Kenmare also produces kaolin clay at its Moma Mine in Mozambique.
The company has been under pressure in recent years due to declining ore grades at its Moma Mine and challenges associated with expanding mine operations. However, Kenmare has made significant progress in addressing these issues and is well positioned for long-term growth.
As such, we believe Kenmare Resources is a buy for investors seeking exposure to the titanium dioxide market.
Who Owns Kenmare Resources?
Kenmare Resources is a publicly traded company on the Irish Stock Exchange and the London Stock Exchange. The majority shareholder is a holding company called Consolidated Minerals Ltd, which is ultimately owned by the British Virgin Islands-based investment vehicle, Bridgemont Ventures Limited. As of September 2019, other notable shareholders include BlackRock Investment Management (UK) Limited, JPMorgan Asset Management (UK) Limited, and Schroder Investment Management Limited.
What Do Kenmare Resources Do?
Kenmare Resources is a mining company that specializes in extracting and processing titanium ores. Kenmare operates mines in Mozambique and Ivory Coast and has plans to develop mines in Sierra Leone and Ghana. The company also owns mineral sands projects in Australia and South Africa.
Kenmare sells its products to customers in Europe, Asia, North America, and South Africa.
Kenmare was founded in 1972 and is headquartered in Dublin, Ireland. The company employs over 2,000 people across its operations.
Kenmare Resources plc HY investor presentation: August 2022
Conclusion
Kenmare Resources plc is a mining company. It engages in the exploration, mining, and processing of mineral resources. The company operates through two segments: Mining Operations and Exploration Activities.
Its principal products include titanium minerals, such as ilmenite; zircon; rutile; and anatase, as well as other high-grade heavy minerals, such as leucoxene, monazite, and zirconia. Kenmare Resources was founded in 1887 and is headquartered in Dublin, Ireland.
