Aussie uranium miner Boss Energy among top ASX movers; Macquarie upbeat

Boss Energy

31/03/2025 04:30

** Shares of Boss Energy BOE.AX up 0.6% at A$2.465 after rising as much as 4.1% in early trade

** Stock among top gainers in benchmark ASX 200 index .AXJO, with AXJO down 1.6%, as of 0418 GMT

** Macquarie upbeat on the uranium miner's operational progress after a site visit of its Honeymoon project in South Australia

** Brokerage expects Boss to beat its FY25 outlook of 850 klb, raises estimate for drummed U3O8 production to 892 klb

** Macquarie retains "outperform" rating but marginally cuts target price by 4% to A$4.5

** Nine of 11 analysts rate the stock "buy" or higher, one "hold" and one "sell" or lower; their median PT is A$9.2 – LSEG data

** Stock up 1.7% YTD, including current session's moves, outperforming a 7.3% decline on the ASX Energy index .AXEJ

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))