Good morning folks,
Ord Minnett rates AMI as Speculative Buy
4 December 2024
Ord Minnett holds a more upbeat view on the ramp-up of Federation, with first production seen as imminent.
The broker recently attended a site visit to Cobar to observe Aurelia Metals Peak operation, noting signs of improving productivity and increased confidence in the Federation.
Mining levels are expected to reach nameplate capacity by 2026, with the analyst forecasting zinc production to improve to approximately 41kt by FY27.
Ord Minnett raises earnings forecasts for FY26 and lifts the target price by 7% to 29c from 27c. The broker likes the stock for exposure to a growing zinc producer as market dynamics for zinc improve.
All the best.
KKR
Ann: Managing Director & CEO's Presentation - 2024 AGM, page-33
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Last
19.0¢ |
Change
-0.010(5.00%) |
Mkt cap ! $321.5M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.0¢ | $700.3K | 3.631M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1181141 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 710851 | 5 |
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| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| AMI (ASX) Chart |