Latest broker target

AWC TARGET PRICE$2.00	Buy 26 Aug 2020 UBS
Alumina's first-half earnings were down year on year due to weak alumina pricing, reports UBS. The first half result was 26% ahead of UBS estimate, driven by higher alumina sales. An interim...

AWC TARGET PRICE$2.00	Outperform 26 Aug 2020 Credit Suisse
First half underlying net profit was ahead of expectations. Spot alumina has risen to US$290/t on the back of recent disruptions at Alunorte. Credit Suisse believes there is a firm base under the ...

AWC TARGET PRICE$2.05	Overweight 26 Aug 2020 Morgan Stanley
Following the first half result Morgan Stanley increases the target to $2.05 from $2.00. The company paid a strong dividend of 2.8c. Alumina Ltd now expects the global alumina market to move ...

AWC TARGET PRICE$2.10	Accumulate 26 Aug 2020 Ord Minnett
Alumina's underlying profit beat the broker by 20%, and AWAC joint venture profits by 18%. The dividend was in line. While any change to production guidance is negligible, capex guidance has been...