0140 GMT - How long will it take, and how much will it cost, for the growing Genesis Minerals to take shape, Moelis Australia analysts wonder. Genesis remains firmly in an investment phase, reducing free cash flow, they say. "Peers enjoy the benefits of high gold prices today," although do have less certainty around the medium- to long-term future, they add. Genesis's A$250 million deal to buy the Laverton gold project from Focus Minerals comes at an attractive price with granted mining leases, say the analysts. Still, the cash payment is "more than just small change" and "does somewhat contradict the impression we had (anecdotally) that the company already had everything it needed to meet its current growth outlook." Moelis has a hold rating and A$4.15 target on Genesis, which is up 1.3% at A$4.395. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
May 25, 2025 21:40 ET (01:40 GMT)
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