Only have the headline from Ord Minnett - 30 January 2025.
Aurelia Metals Price Target Raised 3.3% to A$0.31/Share by Ord Minnett
Macquarie rates AMI as Outperform
30 January 2025
Macquarie notes Aurelia Metals had a relatively in-line 2Q25 production result with FY25 guidance maintained, though it sees a slight risk to operating cost guidance.
The company is expected to release a final investment decision (FID) for its Peak plant expansion and Great Cobar in 2H25. The broker anticipates a positive FID and has updated its base case integrating Peak processing plant expansion to 1,150ktpa from 800kt and Great Cobar development capex in FY26, forecasting $80m of growth capex.
The revisions have lowered FY25 and FY26 EPS by -6% and -14% respectively.
Target price decreases to 25c from 26c. Outperform rating maintained.
AMI Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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