Australia's Boss Energy shares slide after Honeymoon EFS pull; brokerages cut PT

Boss Energy

18/12/2025 23:33

** Shares of Australian uranium producer Boss Energy BOE.AX are down as much as 4.7% at A$1.125, extending losses from previous session; shares plunged 24.6% on Thursday

** Co said on Thursday it withdrew enhanced feasibility study for its Honeymoon project, co flags impact on life of mine production, cost from FY27 onwards

** Macquarie cuts price target by 36% to A$1.25 on lower long-term production, higher costs, and shorter life, 'neutral' rated

** Brokerage says Honeymoon to be 'a more challenging & unique asset for Boss to develop'
** Jefferies cuts PT to A$1.35 from A$1.90 with 'hold' rating retained; lowers production forecasts given Honeymoon uncertainty
** Shares set for biggest weekly percent drop since July 21

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))