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Kelt Exploration downgraded to Hold on valuation at TD Securities
The Fly

Kelt Exploration downgraded to Hold on valuation at TD Securities

TD Securities analyst Aaron Bilkoski downgraded Kelt Exploration to Hold from Buy with an unchanged price target of C$8. The shares have gained 42% year-to-date, which has resulted in multiple expansion and a narrow return to the target price, the analyst tells investors in a research note.

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