Kodal Minerals’ (KOD) “Speculative Buy” Rating Reaffirmed at Canaccord Genuity Group

Kodal Minerals (LON:KOD)‘s stock had its “speculative buy” rating reissued by stock analysts at Canaccord Genuity Group in a note issued to investors on Wednesday, September 30th, Digital Look reports. They presently have a GBX 1.20 target price on the stock. Canaccord Genuity Group’s target price would suggest a potential upside of 262.54% from the company’s current price.

Kodal Minerals Price Performance

Shares of LON:KOD traded up GBX 0.01 during mid-day trading on Wednesday, reaching GBX 0.33. 31,692,443 shares of the company were exchanged, compared to its average volume of 50,781,684. The firm has a market cap of £67.44 million, a price-to-earnings ratio of -6.77 and a beta of 0.18. The firm’s 50-day simple moving average is GBX 0.28 and its 200 day simple moving average is GBX 0.30. Kodal Minerals has a 1 year low of GBX 0.22 and a 1 year high of GBX 0.62.

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