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.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

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