# Kenmare Resources plc 42.7% potential upside indicated by Berenberg Bank

- Link: https://www.directorstalkinterviews.com/kenmare-resources-plc-42.7-potential-upside-indicated-by-berenberg-bank/4121131124
- Published: 2023-10-27T12:41:10+01:00
- Author: Charlotte Edwards

**Kenmare Resources plc** with ticker ([LON:KMR](https://www.directorstalkinterviews.com/company/kenmare-resources-plc/kmr.l))
now has a potential upside of 42.7% according to Berenberg Bank.
Berenberg Bank 
set a target price of 570 GBX for the company, which when compared to the Kenmare
Resources plc share price of 400 GBX at opening today (27/10/2023) indicates a potential
upside of 42.7%. Trading has ranged between 381 (52 week low) and 500 (52 week high)
with an average of 75,342 shares exchanging hands daily. The market capitalisation
at the time of writing is £353,789,614.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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