INR IONEER LIMITEDNew Battery ElementsMore Research Tools In Stock Analysis - click HEREOvernight Price: $0.14UPDATEDOrd Minnett rates INR as Speculative Buy (1) -The minerals resource tonnage has increased to 510mt, a 45% increase over ioneer's previous estimate in April 2024.Ord Minnett notes the grade was lower so product tonnes increased by a smaller amount: a lithium carbonate equivalent increase of 22% to 4mt and boric acid equivalent increase of 14% to 14.7mt.Importantly, inferred resources were converted to measured and indicated and this paves the way for a larger reserve.The broker awaits the updated economic assessment and a new equity partner following the withdrawal of Sibanye. Speculative Buy rating and $0.30 target.Target price is $0.30 Current Price is $0.14 Difference: $0.155If INR meets the Ord Minnett target it will return approximately 107% (excluding dividends, fees and charges).The company's fiscal year ends in June.Forecast for FY25:Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.61 cents.At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 23.69.Forecast for FY26:Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.92 cents.At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 15.81
INR Price at posting:
15.3¢ Sentiment: Buy Disclosure: Held
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