In a report released yesterday, Jeremy Mccrea from BMO Capital maintained a Buy rating on Kelt Exploration (KELTF – Research Report), with a price target of C$9.00.
Jeremy Mccrea has given his Buy rating due to a combination of factors that highlight Kelt Exploration’s strong potential for growth and financial stability. The company is well-capitalized and possesses substantial land holdings in the Montney and Charlie Lake regions, which positions it favorably for aggressive development and significant production increases. Kelt’s Q4 results demonstrated a positive cash flow performance, surpassing expectations, and the company maintained its 2025 guidance despite previous concerns about third-party plant delays, indicating resilience and effective management.
Additionally, Kelt’s low leverage, with net debt at just 14% of PDP value, underscores its financial health. The company’s ongoing operational progress, including successful drilling activities, further supports its growth trajectory. With a projected production increase and the anticipated operational status of the CSV plant, Kelt is poised for top-quartile growth, making it an attractive investment opportunity according to Mccrea’s analysis.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is neutral on the stock.