JPM: PUMP & DUMP versus BASH & STASHWhen JPM and their cohorts want to sell, they construct a compelling story to feed to the retail investors non-stop until they are able to offload either their own or their institutional clients at the price that they want.
Conversely, when they want to accumulate, they bash the stock using specious arguments in order to coerce existing holders to dump their shares into their or their institutional accounts.
Think about KL for a minute. These folks will likely have NI in excess of $1B in 2021. FCF has been sufficient to repurchase shares and pay dividends aggregating $1B in 2020. In 2021 the end product produced by KL will likely increase in price resulting in increased margins. In addition, the dividend will likely be increased to the point where the stock will be attractive to those investors looking for yield.
In summary, IMO, JPM is has targeted KL for accumulation and they want your shares. Just my $0.02 USD.