TD Securities raised its price target on K92 Mining Inc. (KNT.TO) to $18 from $17 on Monday.
Analyst Wayne Lam maintained a Buy rating on shares of the Vancouver-based mining company that owns and operates the Kainantu Gold Mine in Papua New Guinea.
"We highlight KNT as our best Smidcap idea with the impending commissioning of the new Stage 3 mill presenting a peer-leading growth profile ahead," Lam said in a note to clients.
"We view the Stage 3 expansion as the first in a series of potential step changes in output via a Tier 1 asset globally," the analyst said.
(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.