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Thursday, 5 October 2023GMD - GENESIS MINERALS LIMITED
Macquarie rates GMD as Outperform (1) - Genesis Minerals's preliminary production and cash flow data for the September quarter outpaced Macquarie's forecasts.
Leonora outpaced by 8% and Genesis increased cash and bullion by $14m, compared with a forecast -$15m outflow, taking the company's closing cash and bullion to $170m.
Stockpiles grew to 43kt from 38kt and the broker expects these will keep rising as the Admiral open pit pitches in (first ore has been mined ahead of schedule).
The broker observes all in sustaining costs compared favourably with the previous management. FY25 EPS forecasts rise 2%.
Outperform rating and $1.90 target price retained.
Target price is $1.90 Current Price is $1.33 Difference: $0.57 If GMD meets the Macquarie target it will return approximately 43% (excluding dividends, fees and charges). The company's fiscal year ends in June.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 6.80 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.56.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 3.40 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 39.12.
Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Just got this in an email...Thursday, 5 October 2023GMD -...
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Last
$2.20 |
Change
-0.020(0.90%) |
Mkt cap ! $2.468B | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.21 | $2.16 | $3.536M | 1.613M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15401 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.21 | 53592 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| GMD (ASX) Chart |