2355 GMT - Genesis Minerals appears to have posted a solid quarter, says MA Financial analyst Paul Hissey. Production, costs and cash flow are better than MA's estimates, Hissey says. "Better head grades look to have driven the production beat, so we'll need to dive into the minutiae to see where additional material has come from and what that may mean for the coming quarters," he says. Hissey sees little risk it disappoints on FY 2026 guidance now. A five-year outlook does appear to have slipped into 1Q FY 2027, but that's unlikely to unsettle investors given the strong gold-market backdrop, he adds. "Ultimately, this stock remains a market favorite for the consistency of delivery and this quarter appears no different." MA has a buy rating and A$8.40 target. Shares ended Wednesday at A$6.73. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 15, 2026 19:55 ET (23:55 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.