Dyno Nobel Earnings Favorably Exposed to Mining End Markets, Jefferies Says

MT Newswires Live
Apr 22

Dyno Nobel's (ASX:DNL) earnings are favorably exposed to mining end markets and its integrated capacity amid a tight global market positions it favorably from impacts of the Middle East conflict, Jefferies said in a Tuesday note.

Jefferies forecast a first-half explosives earnings before interest and taxes (EBIT) of AU$190 million, around 2% over the consensus forecasts, and at the top end of Dyno Nobel's AU$460 million to AU$500 million fiscal year 2026 EBIT guidance range. It also forecast AU$123 million net profit after tax for the first half, which is around 2% above consensus on a continuing basis.

It lowered both its EBIT and earnings per share forecasts by around 1% in fiscal year 2026 to fiscal year 2028.

The investment firm retained its buy rating on Dyno Nobel with a price target of AU$3.90 per share.

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