Bell Potter ups PT on Australia's Aeris Resources citing asset sale; stock jumps

Aeris Resources

11/11/2025 04:57

** Bell Potter raises PT on Aeris Resources AIS.AX to A$0.65 from A$0.52; upgrades to "buy" from "hold"

** Stock jumps as much as 9.8% to A$0.45; marks biggest percent gain since October 24

** Bell Potter says binding agreement to sell co's North Queensland copper assets for up to A$15.5 mln ($10.1 mln) in October ahead of expectations

** Adds base and precious metals producer's Tritton mine, Australia's largest copper mine not owned by major mining firm, attractive corporate target

** Stock rated "buy" on avg, per data compiled by LSEG

** YTD, AIS surges 154.3%

($1 = A$1.5389)

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))