Canaccord analyst Reg Spencer upgraded Kingsgate (KSKGF) to Buy from Speculative Buy with a price target of A$4.95, up from A$4.50, following the release of an investor presentation which details FY26 guidance. The firm noted that the guidance is a 20% improvement on FY25 levels, and “reflects the move into higher-grade ROM ore vs stockpiles.” Canaccord also highlighted the “continued strong performance in the processing plant.”
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