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)
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