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Kenorland Minerals ( (TSE:KLD) ) has shared an announcement.
Kenorland Minerals Ltd. announced that the maiden Mineral Resource Estimate (MRE) for the Regnault gold deposit at the Frotet Project in Quebec is nearing completion. This estimate, expected to be released soon, will be the first formal quantification of the high-grade gold mineralization discovered by Kenorland and Sumitomo in 2020. The MRE will provide a valuation anchor for Kenorland’s 4% NSR royalty on the project, enhancing the company’s long-term value and optionality. The Regnault gold system, which comprises multiple shear zones, remains open for further exploration, indicating potential future growth.
The most recent analyst rating on (TSE:KLD) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Kenorland Minerals stock, see the TSE:KLD Stock Forecast page.
Spark’s Take on TSE:KLD Stock
According to Spark, TipRanks’ AI Analyst, TSE:KLD is a Neutral.
Kenorland Minerals’ overall stock score is primarily impacted by its financial performance and technical analysis. The company faces significant financial challenges, including declining revenue and profitability, which are compounded by bearish technical indicators. The poor valuation further weighs on the stock’s attractiveness.
To see Spark’s full report on TSE:KLD stock, click here.
More about Kenorland Minerals
Kenorland Minerals Ltd. is a well-financed mineral exploration company based in Vancouver, British Columbia, Canada. The company focuses on project generation and early-stage exploration in North America, advancing greenfields projects through systematic exploration surveys. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec, operated by Sumitomo Metal Mining Canada Ltd.
Average Trading Volume: 51,937
Technical Sentiment Signal: Buy
Current Market Cap: C$147.4M
For detailed information about KLD stock, go to TipRanks’ Stock Analysis page.