Australia's Boss Energy falls; Bell Potter cuts PT, earnings view

Boss Energy

08/07/2024 03:35

** Shares of Boss Energy  BOE.AX  fall as much as 3.7% to
A$3.68, their lowest since Sept 2023
    ** Bell Potter lower its price target on the uranium
producer to A$5.90 from A$6.35; maintains "buy" rating
    ** Broker cuts EPS estimates for FY24, FY25 and FY26 due to
slower-than-expected ramp up at Honeymoon uranium project
    ** Stock posts third day of consecutive losses
    ** Avg rating of five analysts on BOE is the equivalent of
'buy;' median PT is A$5.00 -LSEG data
    ** Stock has fallen 5.2% this year, as of last close

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))