Jefferies maintains 'buy' rating for Australia's Aurelia Metals; leaves PT unchanged

Aurelia Metals

21/07/2025 23:15

** Jefferies maintains "buy" rating for Aurelia Metals AMI.AX, leaves price target of A$0.28 unchanged as well

** Brokerage says co's strong base metals contributions from the South Mine were offset by weaker gold grades in its recent quarter

** Co produces 7.3 koz of gold in the June quarter, while achieving overall FY25 guidance

** However, brokerage highlights low medium-term risk for the miner, underpinned by robust cash margins, mine life optionality

** Mentions co's growth path is "infrastructure-led, sequential, and self-fundable", which Jefferies believes will allow co to lift mill utilisation, recoveries

** Shares of co up 11.8% YTD at A$0.19 per last close, vs Jefferies PT of A$0.28

** All five analysts rated "buy" on AMI with median PT of A$0.31, per LSEG compiled data

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))