Jefferies raises PT for Australia's AIC Mines on growth potential

AIC Mines

16/10/2025 19:33

** Jefferies raises price target for shares of copper producer AIC Mines A1M.AX to A$0.55 from A$0.50, retains 'buy'
** Brokerage notes high copper price environment, asset growth from co's Jericho project, and potential growth opportunities to help long-term growth
** Highlights Jericho plant expansion remains critical path to FY28 production growth of 20 ktpa copper
** All 5 analysts rate the stock 'buy' or higher, with median PT of A$0.55, as per LSEG-compiled data
** A1M shares up 36.8% YTD

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))