Jefferies maintains 'hold' on Australia's Aeris Resources following output update
21/07/2025 21:48
** Jefferies reiterates "hold" rating, maintains price target of A$0.20 for Aeris Resources AIS.AX ** Shares of miner last closed at A$0.19, vs brokerage's PT of A$0.20 ** All In Sustaining Cost (AISC) for gold during quarter reported by the miner recently is in line with expectations - brokerage ** Trimming of company's portfolio and leverage to strong copper and gold prices catalysing opportunities for low-grade, large-scale open pits - brokerage ** Jefferies sees clear pathways to "strong" free cash flow generation and cash retention **YTD, shares up 8.6% (Reporting by Nichiket Sunil in Bengaluru) ((Nichiket.Sunil@thomsonreuters.com))
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