Fenix Resources Outlook Softens on Fuel Concerns -- Market Talk

Dow Jones

03/27

2348 GMT - Fenix Resources bull Bell Potter trims its target on the stock after the miner cautioned that diesel-fuel supply constraints are disrupting operations. "The ongoing conflict in the Middle East and associated rally in oil prices has a direct impact on costs (Australia's diesel terminal gate prices are up 86% since February 2026) and presents fuel availability risks across the broader mining and logistics sectors," the broker says. It lowers its target on Fenix to A$0.63 from A$0.67. It reiterates a buy rating. Fenix shares are down 4.6% at A$0.315, adding to Thursday's 7.0% loss. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

March 26, 2026 19:48 ET (23:48 GMT)

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It lowers its target on Fenix to A$0.63 from A$0.67. It reiterates a buy rating. Fenix shares are down 4.6% at A$0.315, adding to Thursday's 7.0% loss. 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It lowers its target on Fenix to A$0.63 from A$0.67. It reiterates a buy rating. Fenix shares are down 4.6% at A$0.315, adding to Thursday's 7.0% loss. 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