Kodal Minerals’ (KOD) Speculative Buy Rating Reiterated at Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reaffirmed by equities research analysts at Canaccord Genuity Group in a research note issued on Tuesday, October 13th, Digital Look reports. They currently have a GBX 0.70 price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 141.38% from the company’s previous close.

Kodal Minerals Price Performance

Shares of LON:KOD traded down GBX 0.01 during trading on Tuesday, hitting GBX 0.29. 49,938,176 shares of the company were exchanged, compared to its average volume of 50,336,059. The stock has a market capitalization of £59.08 million, a P/E ratio of -5.93 and a beta of 0.18. Kodal Minerals has a 12-month low of GBX 0.22 and a 12-month high of GBX 0.62. The firm’s 50 day moving average price is GBX 0.29 and its 200-day moving average price is GBX 0.30.

Kodal Minerals (LON:KOD) last issued its earnings results on Wednesday, September 30th. The company reported GBX 0.02 earnings per share (EPS) for the quarter.

About Kodal Minerals

Kodal Minerals plc, the AIM-quoted West African lithium explorer, developer and producer, is the co-developer of its flagship Bougouni Lithium Project in Southern Mali alongside joint venture partner Hainan Mining, a subsidiary of Hong Kong-listed Fosun International.

The Bougouni Lithium Project covers 350km² in the world-class Birimian terrain of West Africa, located approximately 180km south of Mali’s capital Bamako. The Stage 1 Dense Media Separation (‘DMS’) processing plant, which achieved first spodumene concentrate production in February 2025, has a target output of 125ktpa Li?O spodumene concentrate.