Investors Likely Too Focused on Boss Energy's Short-Term Picture
Dow Jones
Aug 28
0224 GMT - Boss Energy bull Macquarie thinks investors are too wrapped up in the uranium producer's short-term outlook. "FY27 is not the destination, yet the market has over-focused on it," Macquarie says in a note. It says the year ahead will be one of transition for Boss, which disappointed with weak FY27 guidance reflecting lower grades. "We suggest looking longer term" and focusing on the ramp up to 1.9 million pounds a year, says the bank. "Honeymoon value will be better demonstrated when fully ramped," it says. Macquarie reiterates an outperform rating and raises its price target by 2.8% to A$1.80 a share. Shares of Boss are down 2.3% at A$1.48, adding to Thursday's 17% tumble.
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