“We initiate coverage with a BUY rating, and a fair value estimate of $0.59/share. We believe the current share price does not reflect KG’s exploration upside, with the stock trading at a 70% discount to the sector EV/resource multiples. With the largest drill program in the company’s history underway, a strong balance sheet, and multiple catalysts ahead, we believe the shares could move toward our fair value if results from further exploration support our preliminary 1.5–1.8 Moz estimate.”
Klondike Gold Corp. has paid FRC a fee for research coverage and distribution of reports.
“We are initiating coverage on Klondike Gold Corp. with a BUY recommendation and a 12-month target price of $0.50 per share “
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