The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0327 GMT - The takeaway for Jefferies from miners' latest results: Mining is hard. "Geological problems, geopolitical issues, engineering challenges, and weather events are common, and earnings revisions during results season are typically to the downside," analyst Christopher LaFemina says in a note. While that is not particularly attractive to generalist fund managers, there is still real value to be found in the sector for those willing to take a chance, he says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0207 GMT - Uranium miner Boss Energy disappoints with its FY 2026 cost guidance and by identifying potential challenges reaching nameplate capacity in FY 2027 and beyond, Citi analyst Samuel Schubert says in a note. Boss's FY 2026 all-in sustaining cost guidance of A$64/pound to A$70/pound compares with Citi's forecast of A$48/pound. Shares plunge by 43% to A$1.96. Citi has a buy rating and a A$4.60 target on the stock. The company's 4Q production beats market expectations, Schubert says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

0021 GMT - Perseus Mining reports another solid quarter to finish FY 2025 largely in line with expectations, Euroz Hartleys says in a note. Excess cash is being invested in growth and shareholder returns, says the broker. "FY26 guidance has a larger range now, but is still expected to generate good cash margins," it says. The broker keeps a buy rating and A$4.20 target on the stock. Perseus is down 0.3% at A$3.55. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

2318 GMT - Coal miner Whitehaven's production outlook is stronger than Macquarie expected. That combined with capital expenditure delays lead Macquarie to raise its target on the stock by 27% to A$7.00/share. It reiterates a neutral rating. Macquarie says it has raised its run-of-mine production forecasts at several of Whitehaven's assets, raising group production by 2% from FY 2026-2030. It also pushes out its expectation for the next Narrabri longwall move by three months to FY 2028. The bank is disappointed by Whitehaven's 4Q realized prices. Still, the miner generated some positive free cash flow and owed BHP little in contingency payments because of the low prices, Macquarie says. Whitehaven fell by 1.1% Friday to A$6.95. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

July 28, 2025 04:20 ET (08:20 GMT)

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