I just got this in an email ... Fri, 28 Oct at 9:45 amFriday, 28...

I just got this in an email ... Fri, 28 Oct at 9:45 am

Friday, 28 October 2022

AMI - AURELIA METALS LIMITED

Macquarie rates AMI as Outperform (1) - Aurelia Metals' first quarter gold production beat Macquarie's estimates by 9%, but copper missed by -7% while lead and zinc were in line. Higher production costs at Hera, Peak and Dargues drove an all-in sustaining cost of $2,683 an ounce, 42% above the broker's estimate.

Full year guidance was maintained, including all-in sustaining costs of $1,900 an ounce, reflecting an expected decrease in costs through the year. The company continues to work on funding options for Federation, which Macquarie considers the company's main upcoming catalyst.

The Outperform rating and target price of $0.25 are retained.

Target price is $0.25 Current Price is $0.12 Difference: $0.135 If AMI meets the Macquarie target it will return approximately 117% (excluding dividends, fees and charges). The company's fiscal year ends in June.

Forecast for FY23:

Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of 0.40 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 28.75.

Forecast for FY24:

Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 0.90 cents . At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.78.

Market Sentiment: 1.0All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources