29/03/20211
- TARGET PRICE
$0.35
- % TO REACH TARGET
9.37%
- COMMENTARY
Macquarie points out Jupiter Mines was South Africa's largest exporter of manganese in FY21, at 3.4mtpa. The broker expects a 2c final dividend, bringing the full year dividend yield to 10%.
Stronger manganese prices are driving the upside and the impact of weather has been offset by improvements in logistics. Rating is upgraded to Outperform from Neutral. $0.35 target retained.
FORECAST
Macquarie forecasts a full yearFY21dividend of3.00cents and EPS of2.90cents.
Macquarie forecasts a full yearFY22dividend of3.50cents and EPS of3.70cents.
SHANGHAI, Apr 21 (SMM) – Tshipi offered South African semi-carbonate manganese ore with 36.5% Mn, for May delivery to China, at $4.42/mtu, down $0.66/mtu from a month ago.
Target $0.25
270M XT, page-33
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Last
24.0¢ |
Change
-0.005(2.04%) |
Mkt cap ! $470.4M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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| 4 | 327834 | 24.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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