Citi raises TP, but trims earnings outlook for Australia's Boss Energy
BUZZ-Citi raises TP, but trims earnings outlook for Australia's Boss Energy ** Citi lifts target price for Boss Energy BOE.AX 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, adds 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 at Honeymoon 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
** Stock down 1.7% this year, as of last close
(Reporting by Sherin Sunny in Bengaluru)
Recent news on Boss Energy
See all newsAustralian uranium miners rally after Google's power deal with Constellation Energy
Australian uranium stocks gain after Google's power deal with Constellation Energy
Australia's Boss Energy rises, Citi raises TP
Citi raises TP, but trims earnings outlook for Australia's Boss Energy
Brief: Boss Energy Says Production Guidance For FY2027 Is 1.25 To 1.30Mlbs U3o8