Shaw and Partnersrates MMI asBuy(1) -
Metro Mining's annual production reached a new record for the company in 2023, though Shaw and Partners had higher expectations. The difference was caused by ten lost days in December triggered by Cyclone Jasper.
The broker points out the operations are now shutdown for the wet season and will resume shipments in late March, weather permitting.
Shaw and Partners is expecting more good news from the company in 2024, which is why Metro Mining is one of the broker's top picks for the year ahead.
The Buy rating and target price of 6 cents are retained.
Target price is$0.06Current Price is$0.02Difference:$0.038
IfMMImeets the Shaw and Partners target it will return approximately173%(excluding dividends, fees and charges).The company's fiscal year ends in December.
Forecast for FY23:
Shaw and Partners forecasts a full yearFY23dividend of0.00cents and EPS of0.10cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is22.00.Forecast for FY24:
Shaw and Partners forecasts a full yearFY24dividend of0.00cents and EPS of1.50cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is1.47.
Shaw and Partners rates MMI as Buy (1) - Metro Mining's annual...
Add MMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $198.5M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.2¢ | 4.0¢ | $411.7K | 10.08M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 7437379 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.2¢ | 2097809 | 11 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
4.0¢ |
Change
0.000 ( 2.44 %) |
||||
| Open | High | Low | Volume | ||
| 4.1¢ | 4.2¢ | 4.0¢ | 4783041 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| MMI (ASX) Chart |