Alkane Resources Ltd's gold production in March quarter beats Ord Minnett's expectations
Alkane Resources’ gold production in March quarter beats Ord Minnett’s expectations Ord Minnett has a buy recommendation and a $1.30 per share price target for Alkane, which is a 48% valuation upside on the current share price of 88 cents. Gold production of 16,000 ounces exceeded Ord Minnett’s expectations by 33%. Alkane Resources Ltd (ASX:ALK) (OTCMKTS:ALKN) (FRA:AK7) was initiated by Ord Minnett Research in January 2021 after seeing Alkane’s potential to transform into a mid-tier miner with multiple assets producing ~200,000 ounces per annum. Ord Minnett has now relea...
Source: proactiveinvestors.com.au