Wednesday June 3, 2020

Kenmare upgraded after posting positive results

Broker Canaccord Genuity has upgraded its recommendation on Kenmare Resources from hold to buy, on foot of provisional results released last week, writes Ian Kehoe.

17th March, 2013

Broker Canaccord Genuity has upgraded its recommendation on Kenmare Resources from hold to buy, on foot of provisional results released last week for the Irish mining and exploration company.

Canaccord cited an increased confidence that the company's major play, the Moma Mine on the north-eastern coast of Mozambique, will start to deliver significant returns for investors.

The broker left its price target for shares at 41 pence.

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