The Globe and Mail reports in its Tuesday, June 20, edition that Canaccord Genuity analyst Jeremy Hoy assumed coverage on Monday for Karora Gold with a "buy" recommendation following the departure of a colleague. The Globe's David Leeder writes that Mr. Hoy set a share target of $7.50. Analysts on average target the shares at $6.66. Mr. Hoy says in a note: "We believe KRR offers a compelling growth story, quickly advancing towards its stated goal of reaching 200koz of annual production by 2025 (from 134koz in 2022). The company is now equipped with 2.6Mtpa of total processing capacity split between the HGO and Lakewood mills, both of which are fed by a variety of mines in the HGO area as well as KRR's flagship Beta Hunt gold/nickel mine. The anticipated completion of Beta Hunt's second decline by Q1/23 is expected to double the mine's current throughput to 2Mtpa in support of this growth plan, which we forecast will boost KRR's FCF to north of $110-million by 2024, presenting investors with a 14-per-cent-plus FCF yield." The Globe reported on Dec. 9 that Desjardins rated Karora "buy" when it was worth $4.67. The Globe reported on April 4 that Canaccord Genuity rated Karora "buy" when it was worth $4.68.