Metro Mining a Top Pick for Shaw Despite 3Q Pricing Miss -- Market Talk

Dow Jones
2025/07/07

2256 GMT - The prices that Metro Mining expects to achieve for its bauxite in 3Q fall short of Shaw & Partners's expectations. Still, the bank continues to rate the company among its top emerging company picks for 2025. Metro Mining said on Friday that prices for 3Q shipments will be down on the previous quarter but in line with what was achieved in 4Q of 2024. "That is about A$5/wet metric ton lower than we had previously modelled," analyst Andrew Hines says. Still, Metro Mining will generate approximately A$60 million of free cash flow in 3Q and move to a net cash position by the end of the current quarter. "That is not reflected in the current share price," Shaw says. It retains a A$0.17/share price target. Metro Mining ended last week at A$0.069. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

July 06, 2025 18:56 ET (22:56 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10