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Kingsgate Consolidated Limited ( (AU:KCN) ) has shared an update.
Kingsgate Consolidated Limited has announced an update on its ongoing on-market buy-back program, where it repurchased 155,959 ordinary fully paid securities on the previous day, bringing the total number of securities bought back to 549,661. This buy-back initiative is part of the company’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and reflecting confidence in its financial stability.
The most recent analyst rating on (AU:KCN) stock is a Buy with a A$4.00 price target. To see the full list of analyst forecasts on Kingsgate Consolidated Limited stock, see the AU:KCN Stock Forecast page.
More about Kingsgate Consolidated Limited
Kingsgate Consolidated Limited operates in the mining industry, focusing primarily on gold exploration and production. The company is known for its involvement in gold mining projects and has a market focus on precious metals.
YTD Price Performance: 55.64%
Average Trading Volume: 873,081
Technical Sentiment Signal: Buy
Current Market Cap: A$515.5M
See more data about KCN stock on TipRanks’ Stock Analysis page.