MENU

Broker labels this emerging resource player a buy

Copper gold and rare earth explorer Kidman Resources Ltd (ASX: KDR) is attracting attention in all the right places, with Foster Stockbroking slapping a buy recommendation on the stock.

Shares in Kidman Resources have gone from strength-to-strength in the last 12-months, with its $2.09 share price at the time of writing up from just 44c per share at this time last year.

According to Foster Stockbroking, Kidman still has plenty of exploration potential up its sleeve and a forecast FY20 NPAT of $8.1 million – with hope hinging on its Earl Grey lithium project which Kidman has just upgraded in size.

Foster’s buy recommendation came with a $2.72 share price target from $1.99 due to higher long-term earnings upgrades.

Kidman has held strong while industry peers such as Galaxy Resources Limited (ASX: GXY) and Pilbara Minerals Ltd (ASX: PLS) have booked share price slips recently and is certainly one to watch in the next 12-months as its flagship projects gain traction.

The Richest Man Alive Invests in This

The richest man in the world has just launched a $100 million investment fund and investors who don't take note could miss out on a massive opportunity.

And it isn't by sheer luck. He did it by looking to the future and investing in the big ideas of tomorrow.

This could be your chance to get in on the ground floor!

Click here to discover more!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!