Got this in an email today ...Mon, 29 Jan at 9:22 amMonday, 29 January 2024
BOE - BOSS ENERGY LIMITED
Macquarie rates BOE as Outperform (1) - Boss Energy has announced the restart of the Honeymoon Uranium Project is 96% complete, with first "uranium in drum" expected in the March quarter. Drilling programs have been positive, Macquarie notes, and Boss is currently undertaking studies to lift production from 2.4mlbpa to 3.0mlbpa.
The company boasts a solid balance sheet, including cash and uranium inventory, positioning it well for the Honeymoon ramp-up.
Boss Energy continues to benefit from uranium price tailwinds, offering earnings and valuation upside at current spot prices, the broker notes.
Target rises to $6.00 from $5.00, Outperform retained.
Target price is $6.00 Current Price is $5.58 Difference: $0.42 If BOE meets the Macquarie target it will return approximately 8% (excluding dividends, fees and charges). Current consensus price target is $5.48, suggesting downside of -1.8%(ex-dividends)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 minus 1.00 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 558.00. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.6, implying annual growth of 57.3%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 99.6.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 17.70 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 31.53. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 29.4, implying annual growth of 425.0%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 19.0.
Market Sentiment: 0.7All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ann: Quarterly Activities Report - December 2023, page-6
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Last
$5.86 |
Change
0.010(0.17%) |
Mkt cap ! $2.394B | |||
| Open | High | Low | Value | Volume |
| $5.88 | $5.99 | $5.80 | $16.02M | 2.720M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23684 | $5.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.87 | 49960 | 9 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$5.83 |
Change
0.010 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| $5.88 | $5.99 | $5.80 | 549985 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| BOE (ASX) Chart |