Jupiter Mines' (ASX:JMS) outlook, which, given the stability of the production and cost profile, is an outlook on manganese price, Euroz Hartleys said in a note on Friday.
The firm said it would pay its shareholders a AU$0.0075 per share dividend for the second half of the fiscal year ended June 30, in line with the investment firm's expectations.
Exxaro is acquiring Nstimbintle's 19.9% stake in Jupiter and a 50.1% stake in the Tshipi manganese mine in South Africa from Nstimbintle and OM Holdings (ASX:OMH). Jupiter owns 49.9% of Tshipi.
The investment firm retained Jupiter Mines' buy rating and its AU$0.29 per share price target.