Australia's Aurelia Metals as Macquarie cuts earnings view, price target

Aurelia Metals

24/04/2024 05:47

** Aurelia Metals  AMI.AX  down as much as 5.1% to A$0.195
    ** Macquarie cuts FY24 EPS view and price target on the gold
and base metals miner' stock
    ** Cuts its FY24 EPS estimates by 47%, but boost FY25-27 est
by 1-4% on increased interest revenue 
    ** Says AMI had a mixed Q3 with stronger-than-expected
production at Dargues offset by softer production from Peak mine
    ** Lowers PT to A$0.22 from A$0.23 on EPS view cut; keeps
'outperform' rating
    ** Stock down 77.3% YTD, as of last close

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))