Kelt Exploration reinstated with an Outperform at BMO Capital

BMO Capital reinstated coverage of Kelt Exploration with an Outperform rating and C$8.50 price target. Kelt, which is well-capitalized with significant land acreage, should see top quartile growth over the next couple of years as it takes much of its exploration learnings and applies these concepts in “a much more aggressive development plan,” the analyst tells investors.