Kodal Minerals (LON:KOD) Stock Rating Reaffirmed as Speculative Buy by Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reaffirmed by equities researchers at Canaccord Genuity Group in a report released on Wednesday, Digital Look reports. They presently have a GBX 1.20 target price on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 324.03% from the company’s current price.

Kodal Minerals Stock Performance

Shares of LON KOD opened at GBX 0.28 on Wednesday. The stock has a market cap of £57.66 million, a price-to-earnings ratio of -5.79 and a beta of 0.18. Kodal Minerals has a 52 week low of GBX 0.22 and a 52 week high of GBX 0.62. The business has a 50 day simple moving average of GBX 0.28 and a 200 day simple moving average of GBX 0.30.

Kodal Minerals (LON:KOD) last released its earnings results on Wednesday, September 30th. The company reported GBX 0.02 earnings per share 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 Li₂O spodumene concentrate.