Macquarie Rates KLL Outperform

Macquarie rates KLL as Outperform (1) -

Macquarie notes Beyondie is now 80% complete and on schedule. Realising budget and timing is key to the long-term value the broker believes is inherent in the project.

The broker increases loss estimates for the sensitive pre-production year of FY21 and makes no changes thereafter. Outperform rating and $0.40 target maintained.

Target price is $0.40 Current Price is $0.22 Difference: $0.18
If KLL meets the Macquarie target it will return approximately 82%(excluding dividends, fees and charges).

The company's fiscal year ends in June.