0035 GMT - The disclosure by Kingsgate of a legal issue is likely to impact its shares more greatly than the size of the claim itself, says MA Financial analyst Paul Hissey. "We consider A$3 million to be immaterial" to Kingsgate, he says. Yet the announcement is "unfortunate" given the recent resolution of prior disputes with the government, "which we hoped would allow investors to consider a potential overhang as being 'resolved'," Hissey says. MA has a hold rating and A$6.85 target on Kingsgate. The stock is down 4.6% at A$4.41. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

March 25, 2026 20:35 ET (00:35 GMT)

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