BMO Capital analyst Andrew Mikitchook maintained a Buy rating on G Mining Ventures yesterday and set a price target of C$47.00.
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Andrew Mikitchook has given his Buy rating due to a combination of factors that, in his view, outweigh the modest production shortfall reported for Q4 and 2025. While gold output from the Tocantinzinho (TZ) mine came in slightly below both his estimates and company guidance, he highlights that the quarter showed clear operational progress, including higher mining rates and improving grades versus the prior quarter. He also notes that plant throughput and recoveries are already close to design levels, indicating that the operation is advancing toward stable, nameplate performance. These trends support the view that the minor miss is more a function of ramp-up dynamics than a sign of structural issues at the mine.
Furthermore, Mikitchook emphasizes G Mining Ventures’ strong record in mine development as a key driver of future value. He believes the company’s expertise in building and optimizing projects positions it well to continue improving TZ’s performance and to move the Oko West project forward, supporting a path toward becoming a multi-asset gold producer. In his opinion, as the company establishes a longer operational track record and executes on its growth pipeline, the market is likely to re-rate the stock to a higher valuation. Taken together, these operational improvements, growth prospects, and re-rating potential underpin his continued Buy recommendation and his view of G Mining Ventures as a top pick in the sector.
According to TipRanks, Mikitchook is a 5-star analyst with an average return of 31.4% and a 63.87% success rate. Mikitchook covers the Basic Materials sector, focusing on stocks such as Ivanhoe Mines, K92 Mining, and G Mining Ventures.
In another report released yesterday, TipRanks – Google also initiated coverage with a Buy rating on the stock with a C$47.00 price target.