Kodal Minerals (LON:KOD) Stock Keeps Speculative Buy Rating at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of Kodal Minerals (LON:KOD) in a research note published on Tuesday morning,Digital Look reports. The brokerage currently has a GBX 0.70 price target on the stock.

Kodal Minerals Stock Performance

LON:KOD opened at GBX 0.32 on Tuesday. Kodal Minerals has a 52 week low of GBX 0.22 and a 52 week high of GBX 0.62. The firm’s fifty day moving average is GBX 0.29 and its 200-day moving average is GBX 0.30. The firm has a market cap of £65.19 million, a P/E ratio of -6.54 and a beta of 0.18.

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

Kodal Minerals Company Profile

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.