Kenmare Resources Announces Share Capital Details Under Irish Takeover Rules

An announcement from Kenmare Resources ( (GB:KMR) ) is now available.

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.

Spark’s Take on GB:KMR Stock

According to Spark, TipRanks’ AI Analyst, GB:KMR is a Outperform.

Kenmare Resources’ overall score reflects a balance of strong valuation and positive corporate events, alongside challenges in financial performance. While the company benefits from a robust equity position and attractive dividend yield, addressing declining margins and cash flow issues is critical for future growth. Technical analysis supports a stable outlook, with potential for upward momentum.

To see Spark’s full report on GB:KMR stock, click here.

More about Kenmare Resources

Kenmare Resources is a company involved in the mining industry, primarily focused on the production of mineral sands. The company’s operations are centered around extracting and processing valuable minerals such as ilmenite, zircon, and rutile, which are essential in the manufacture of various industrial products.

Average Trading Volume: 163,306

Technical Sentiment Signal: Buy

Current Market Cap: £336M

For an in-depth examination of KMR stock, go to TipRanks’ Stock Analysis page.