Kenmare Resources shares ‘undervalued’ ‘undervalued’,

Michael Carvill, managing director of Kenmare

Shares in Irish mineral mining company Kenmare Resources are “undervalued” by investors and the company could see its earnings triple by 2021, according to a City of London broker.

In his first research note on the company, corporate broker Peel Hunt said Kenmare’s earnings could rise from around $60 million this year to around $170 million in 2021.

The research note concluded that the company – where Michael Carvill is the chief executive ...