Should I buy Kenmare Resources stock in 2025?

What is Kenmare Resources?

How much is the Kenmare Resources stock?

The price of Kenmare Resources stock is rising this week. As of now, KMR trades at 383.50p, marking a 0.39% gain over the last 24 hours and an increase of 0.92% compared to last week.

Kenmare shows a P/E ratio of 7.23, a robust dividend yield of 6.33%, and a stock beta of 0.42, indicating relatively low volatility for investors.

This combination of value and stability could appeal to those seeking both income and long-term growth potential in the Irish market.

Our full analysis on the Kenmare Resources stock

Having reviewed Kenmare Resources’ latest financial results and the stock’s impressive resilience over the past three years, our analysis synthesises financial indicators, technical signals, current market context, and competitive factors via our proprietary algorithms. Kenmare’s standing as a leading supplier of titanium minerals, its sound fundamentals, and a suite of forward-looking catalysts may be pointing towards a favourable juncture for the stock. So, why might Kenmare Resources once again become a strategic entry point into the industrial minerals sector in 2025?

Recent Performance and Market Context

Kenmare Resources (LSE: KMR; Euronext Dublin: KMR) continues to demonstrate its structural robustness despite sectoral volatility. As of 30 May 2025, the share price stands at 383.5p, reflecting a year-on-year gain of +8.03% and a six-month increase of +6.39%. Crucially, this uptrend has unfolded in an environment marked by subdued commodity prices, underscoring the market’s recognition of Kenmare’s operational excellence.

Several developments bolster this positive narrative. In Q1 2025, Kenmare delivered a 69% surge in primary zircon production and a 67% increase in rutile output—a testament to operational efficiency and an effective recovery in core segments. Interest from an international consortium, although ultimately rebuffed, has spotlighted the strategic value of Kenmare’s asset base.

At the macro level, supply constraints in industrial minerals—especially titanium feedstocks—have created a favourable backdrop. Global decarbonisation trends and infrastructure cycles are expected to increase demand for pigments and lightweight materials, directly benefitting Kenmare’s end markets. The sectoral momentum is mirrored by the analyst consensus, which places a price target of 651.67p—well above current levels.

Technical Analysis

A multi-layered technical perspective shows Kenmare trading at a healthy proximity to medium-term supports, hinting at a possible bullish inflection.

• Relative Strength Index (RSI, 14): 48.32 – this neutral stance leaves room for upside while avoiding overbought territory.
• MACD (12,26,9): -1.99, generating an early-stage buy signal and suggesting bullish momentum could build from here.

Moving averages add further granularity:

• 20-day: 387.73p; 50-day: 389.79p – both above current price, indicating opportunity for a catch-up trade if resistance levels are reclaimed.
• 100-day: 348.07p; 200-day: 336.29p – the share price remains comfortably above these, affirming a positive medium-term bias.

Key levels to watch:

• Support: 270p (52-week low), offering a strong technical floor.
• Resistance: 450p (52-week high), a clear breakout level if positive catalysts materialise.

Kenmare’s technical structure thus appears constructive, with the potential for renewed upward momentum as early buy signals and medium-term supports converge.

Fundamental Analysis

Despite a cyclical dip in headline revenues—$414.75m in 2024, down 9.54% versus 2023—Kenmare has exhibited remarkable margin discipline, with EBITDA at $157m and a robust EBITDA margin of 40%. Net profit remained positive at $64.89m, while EPS for 2024 came in at $0.73 (from $1.41 in 2023).

However, valuation metrics sharply accentuate the opportunity:

• P/E (ttm): 7.23 – reflects a significant discount both to sector peers and intrinsic asset value.
• Dividend yield: 6.33% – an outstanding payout level, particularly compelling in a low-interest-rate environment.

Strategically, Kenmare sits atop one of the world’s lowest-cost supply positions in titanium minerals, operating the globally significant Moma mine in Mozambique. Notably:

• Over 100 years of proven mineral reserves, ensuring exceptional production visibility.
• Continual reinvestment: $280m returned to shareholders since 2019, balancing expansion with yield.

A global leadership position in ilmenite (almost 70% of revenues), coupled with a healthy product mix in zircon, rutile and concentrates, further cements Kenmare’s structural moat.

Volume and Liquidity

Kenmare’s average daily turnover (163,305 shares) and a market cap of £340.47m reflect sufficient liquidity for investor entry and exit. The free float, at over 78%, supports a dynamic and transparent price discovery process—elements essential for sustaining investor confidence.

This stable and engaged trading environment is a leading indicator of institutional interest and consensus on the company’s long-term prospects.

Catalysts and Positive Outlook

Several tangible catalysts point decisively in favour of renewed upside:

• Material tightness in ilmenite, with upward pricing signals for premium feedstock.
• Solid order book for 2025, showing customer commitment even in a subdued pricing environment.
• Rejected takeover approach – underscores perceived undervaluation and strategic interest from global capital.
• Strong recent production results maintaining operational momentum.

In addition, Kenmare’s ESG credentials are improving with ongoing investments in mine-site sustainability and broader engagement in the local Mozambican economy. With sector dynamics increasingly favouring low-carbon producers and secure supply chains, Kenmare is set to benefit disproportionately from both policy and consumer shifts.

Investment Strategies

With the stock trading above key medium-term support, several entry strategies emerge:

• Short-term (trading the turn):
• Bullish MACD and neutral RSI suggest upside momentum may soon materialise. Buying near current levels targets a move towards the 20-day or 50-day moving averages and, potentially, a run at the 450p resistance.
• Tight stop-loss discipline below the 100-day moving average (348p) enables defined risk.
• Medium-term (capture re-rating/catalyst):
• Entry ahead of forecasted price or volume catalyst, such as further takeover rumours or an update on the order book strength.
• Capitalise on the ~6%+ dividend yield, with a medium-term upside to consensus target (651.67p).
• Long-term (structural growth):
• Exposure to global infrastructure growth, sustainable pigment and specialty materials demand.
• Management’s low-cost model and vast reserve life offer decades of production and cashflow visibility.
• Potential benefit from any sector-wide re-rating in mining equities or renewed M&A interest.

These structures enable investors to position for both tactical and strategic upside with controlled risk.

Is It the Right Time to Buy Kenmare Resources?

Kenmare Resources’ blend of consistent operational delivery, sector-leading reserves, and best-in-class cost efficiency justifies renewed investor attention. Despite the short-term impacts of commodity price cycles, the group’s profitability, high dividend yield, and leadership in the titanium minerals sector underscore a story of resilience and value creation.

With technical indicators beginning to turn, robust volume patterns and a compelling long-term outlook, Kenmare appears poised for a new growth phase. Analyst consensus targets project meaningful upside from current levels, and recent strategic interest from external parties further validates the company’s underlying value proposition.

For investors seeking exposure to durable growth opportunities in the industrial minerals arena—with the added buffer of attractive yield and a structurally advantageous cost base—Kenmare Resources seems to represent an excellent opportunity. As market conditions evolve and catalysts accumulate, the stock may be entering a new bullish phase supported by both fundamental strength and renewed technical momentum.

Kenmare Resources stands out as one of the more compelling names in its sector, deserving of close attention from those searching for robust, yield-backed growth stories with clear value triggers.

How to buy Kenmare Resources stock in Ireland?

Buying Kenmare Resources shares online is straightforward and secure for investors in Ireland. A regulated broker provides access to both the spot market for direct share purchases and to Contracts for Difference (CFDs) for more flexible trading. Spot buying means you actually own the shares, while CFDs allow you to speculate on price movements with leverage, without owning the asset. Both approaches are accessible through online platforms designed for retail investors, ensuring transparency and protection. To help you make the best decision, you’ll find a broker comparison further down this page.

Spot buying

A cash (spot) purchase of Kenmare Resources shares means you directly acquire and own shares listed on the London Stock Exchange (LSE) or Euronext Dublin. Typically, Irish brokers charge a fixed commission per trade—often between €4 and €10 per order.

Example: Kenmare Resources share spot purchase

Kenmare Resources share price: 383.5p (GBP) ≈ €4.60 per share (May 2025, FX at 1 GBP = 1.17 EUR).
With a €1,000 investment, you could buy around 216 shares (allowing for a €5 commission).

✔️ Gain scenario:
If the share price rises by 10%, your shares are now worth about €1,100.
Result: That’s a €100 gross gain, or +10% on your initial investment (excluding taxes and currency fluctuations).

Trading via CFD

Trading Kenmare Resources shares via CFDs (Contracts for Difference) means you speculate on the share price’s direction—without owning the underlying stock. CFDs are offered by regulated online brokers, and allow use of leverage. Fees include the spread (the difference between the buy and sell price) and overnight financing costs if your position remains open across days.

Example: Kenmare Resources CFD trade

You invest €1,000 with 5x leverage, giving you a market exposure of €5,000.
If Kenmare Resources rises by 8%, your position gains 8% × 5 = 40%.

✔️ Gain scenario:
Your €1,000 position yields a €400 gain (excluding spreads and financing costs). CFDs increase your profit potential, but also amplify potential losses, so risk management is essential.

Final advice

Before investing in Kenmare Resources, carefully compare the costs, spreads, and conditions offered by different regulated brokers (a detailed comparison is available further down the page). The best choice for you depends on your personal investment objectives: spot buying offers long-term ownership and dividend eligibility, while CFDs suit those seeking flexible, leveraged trading. Take the time to assess what matches your profile and goals best.

Our 7 tips for buying Kenmare Resources stock

The latest news about Kenmare Resources

Kenmare Resources has demonstrated a positive weekly performance with its share price advancing by 0.92%.
Over the past week, Kenmare’s stock has continued its upward trajectory, trading at 383.5 pence as of the latest close and outperforming the broader market averages. This momentum extends both to a strong six-month gain (+6.39%) and a one-year advance (+8.03%), signaling robust investor interest. Irish investors may find this resilience encouraging, particularly considering Kenmare’s dual listing in Dublin and London, which increases liquidity and accessibility for domestic portfolios.

The company maintains an attractive dividend yield of 6.33% and a strong balance sheet, appealing to Irish income-focused investors.
Kenmare Resources’ annual dividend stands at 24.07 pence, translating into a yield notably above sector averages and providing a meaningful income stream in the current macroeconomic environment. The company’s payout policy is supported by solid cash flows and a prudent capital allocation strategy, including over $280 million returned to shareholders since 2019. This financial discipline, combined with a competitive price-to-earnings ratio (7.23), reinforce Kenmare’s appeal for long-term Irish investors seeking stable, yield-generating equities.

Recent production updates show significant operational strength, with marked increases in primary zircon and rutile output in Q1 2025.
Kenmare reported a 69% quarter-on-quarter rise in primary zircon production and a 67% jump in rutile volumes, underscoring the company’s operational excellence at its flagship Moma mine. These figures are particularly impressive given the global mining sector’s recent challenges and provide a foundation for optimism about future revenue and dividend stability. The ongoing operational success not only supports the company’s medium-term order books but also addresses supply concerns in industrial minerals that are vital to a range of European industries, including those based in Ireland.

Analyst sentiment remains notably positive, with consensus price targets significantly higher than current market levels.
The consensus among leading market analysts maintains a ‘buy’ recommendation on Kenmare Resources, with a collective price target of 651.67 pence. This is substantially above the current share price, highlighting further appreciation potential. Such broad-based optimism among institutional analysts reflects a constructive outlook on key demand drivers for titanium minerals and recognizes the company’s strong strategic positioning and cost leadership.

Kenmare’s status as one of Ireland’s prominent Euronext Dublin and LSE-listed firms ensures ongoing relevance for regional investors and reinforces its ESG and governance credentials.
With its headquarters in Dublin, Kenmare Resources not only bolsters Ireland’s mining and natural resources sector visibility but also stands as a blueprint for Irish corporate governance following the transition to its new CEO, Thomas Hickey. Its transparent dividend distribution structure and compliance with Irish and European regulatory regimes further cement its standing as a reliable component of institutional and retail portfolios within Ireland.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.