2325 GMT - AIC Mines has been sold off after its 4Q output softened slightly, but Ord Minnett stays bullish and says there aren't likely to be any lingering issues from the quarterly result. Ord Minnett raises its price target by 5.9%, to A$0.90/share, citing AIC Mines's new outlook that includes an accelerated expansion of its Eloise copper project. AIC Mines now expects to reach 25,000 tons of copper concentrate annually by FY29, beating expectations. "There is now improved valuation appeal," says analyst Paul Kaner. AIC Mines's share price closed Monday at A$0.625, close to a one-month low. Ord Minnett retains a "speculative buy" call on its stock. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
July 20, 2026 19:25 ET (23:25 GMT)
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