Australia's Aeris Resources' cash pile supports growth plans, says Jefferies
BUZZ-Australia's Aeris Resources' cash pile supports growth plans, says Jefferies ** Aeris Resources' AIS.AX balance sheet and cash generation leave it well placed to fund upcoming growth projects at its Tritton copper mine and Cracow gold operations, Jefferies says
** Jefferies reiterates its "buy" rating and A$0.55 price target on the Australian diversified miner
** Company's Q4 results highlighted strong operational cash conversion ahead of growth execution planned across fiscal 2027 and 2028 - brokerage
** Aeris ended the quarter with A$165 million in cash, no debt and no gold hedges, providing capacity to self-fund development projects without requiring external financing, Jefferies says
** All six analysts rate the stock "buy" or higher; median PT is A$0.63 - LSEG data
** Shares down 38.3% so far this year
(Reporting by Roshan Thomas in Bengaluru)
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