Kenmare

New forecasts and revisiting the outlook

  • Sectors : Resource
  • Companies : Kenmare

Ratings and price correct at time of issue.

  • Kenmare

    Closing Price: 321.0p

  • RATING 03/08/16

  • PREVIOUS RATING 07/12/15

    UNDER REVIEW

Person's Name

Colin Grant

Analyst

DAVY VIEW

We update our Kenmare forecasts following the Q4 production report last week. Changes reflect a softer pricing backdrop in 2023 and latest volume and capex guidance. Current capex may appear high but is low relative to the company’s increased earnings power. The outlook is positive and supported by recent industry updates.

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Jan 25 2024, 07:05 GMT

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