ALS Cheers Investors Seeking Leverage to Mining Exploration Cycle -- Market Talk

Dow Jones
Nov 19, 2025

2301 GMT - Investors seeking ALS's leverage to the exploration cycle and strong gold price would have been encouraged by the lab-testing company's 1H result, Macquarie says. ALS raised a forecast for revenue growth in FY 2026, benefiting from tailwinds in its Commodities division. ALS now expects organic revenue growth of 12%-14% from the division in FY 2026. Previously, the company had projected growth of 5%-7%. "Pricing is now starting to improve with prices on recent contracts +4-5% as market tightens and consistent with procyclical nature," Macquarie says. "This bodes well for FY 2027 and we factor 20% Commodities Ebit growth on a 14% revenue lift (FY 2027 estimate)." (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

November 18, 2025 18:01 ET (23:01 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10