Australia's Boss Energy rises, Citi raises TP
BUZZ-Australia's Boss Energy rises, Citi raises TP Updates
** Shares of Boss Energy BOE.AX rise as much as 6.9% to A$1.54, their highest level in a week
** Citi lifts target price for BOE by 4% to A$1.45 apiece; maintains "neutral" rating
** Raise in the uranium producer's TP reflects higher sector multiples, partially offset by a lower production outlook, says Citi
** However, brokerage trims FY27 core NPAT estimate by 41% after reflecting lower production consistent with the new feasibility study at its Honeymoon Uranium project in South Australia
** BOE last week said NFS at Honeymoon project confirms 13.8Mlbs U3O8 production through FY34
** Last week, co also said production outlook for FY2027 is 1.25 to 1.30Mlbs U3O8, while reporting annual net profit after tax of A$2.5 million, versus a net loss of A$34.2 million in the previous year
** Six of 15 analysts rate the stock "buy" or higher, five "hold" and four "sell" or lower; their median PT is A$1.48 – LSEG data
** YTD, stock up 2.9% including the day's moves
(Reporting by Sherin Sunny in Bengaluru)
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Brief: Boss Energy Says Production Guidance For FY2027 Is 1.25 To 1.30Mlbs U3o8