Gold Road Investors Seen Shrugging at Earnings Miss -- Market Talk
Dow Jones
Aug 29
0302 GMT - Gold Road's 1H accounts include "little misses everywhere," say Moelis Australia analysts Paul Hissey and Nic McRostie. "But does it matter?" they say. The result is unlikely to get much investor interest given Gold Road has agreed to be acquired by South Africa's Gold Fields. Without that offer, "we might be more inclined to call this a 'soft' result," say the analysts. However, the only investors still holding Gold Road are likely to be those who are keen to see the Gold Fields deal through to the end, they say. Moelis Australia has a hold rating and a A$3.20 target on Gold Road. The stock is down 0.2% at A$3.325. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
August 28, 2025 23:02 ET (03:02 GMT)
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