Karora Resources (TSX: KRR)
The Globe and Mail reported recently that Canaccord Genuity analyst Jeremy Hoy assumed coverage on Monday for Karora Resources, commencing with a “buy” recommendation.
.
.
.
Karora Resources | TSX: KRR |
Stage | Production + Development + Exploration |
Metals | Gold + Nickel |
Market cap | C$748 million @ C$4.28 |
Location | Kalgoorlie, Western Australia |
Globe analyst says Karora seen as a “compelling growth story”
2023-06-20 05:08 ET – In the News
Karora Resources (TSX: KRR) Canaccord Genuity analyst Jeremy Hoy assumed coverage on Monday for Karora Gold, with a “buy” recommendation.
Mr. Hoy has set a share price target of C$7.50.
Analysts on average target the shares at C$6.66.
.
Mr. Hoy said
“We believe KRR offers a compelling growth story, quickly advancing towards its stated goal of reaching 200koz of annual gold production by 2025 (from 134koz in 2022).
“The company is now equipped with 2.6Mtpa of total processing capacity split between the HGO and Lakewood mills, both of which are fed by a variety of mines in the HGO area as well as KRR’s flagship Beta Hunt gold/nickel mine.
“The anticipated completion of Beta Hunt’s second decline by Q1 2023 is expected to double the mine’s current throughput to 2Mtpa, in support of this growth plan, which we forecast will boost KRR’s FCF to north of $110-million by 2024, presenting investors with a 14-per-cent-plus FCF yield.”
=======
.
If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
.
Disclosure
At the time of writing the author holds shares in Karora Resources
..