Ventum to $14 Ventum Capital Markets analyst Alex Terentiew attended a site visit of K92 Mining Inc.’s (
) Kainantu mine in Papua New Guinea last week and liked what he saw.
“We returned from Papua New Guinea impressed with the progress being made at the expanding mine and can see the numerous pieces of new infrastructure coming together, paving the way for the significant, value-creating expansion to start ramp-up next year,” he said in a note. “With a strong balance sheet, fully funded expansion, line of sight on substantial production and cash flow growth to come, and a resource that may ultimately support a production increase beyond Phase 4, we reiterate our buy rating and increase our target price to C$14.00.”
His previous price target was C$13. The average analyst target is C$12.83.