Citi upholds 'Buy' rating on Australia's Boss Energy, buoyed by operational progress

Boss Energy

27/03/2025 19:32

** Citi Maintains its "Buy" rating and target price of A$3.30 for Uranium miner Boss Energy BOE.AX

** Citi noted, during a site visit, BOE is making substantial progress in the ongoing ramp-up of its Honeymoon Uranium Mine in South Australia

** CEO Duncan Craib's leadership and team's operational experience were particularly noteworthy - Citi

** Brokerage says BOE's drummed U3O8 production is tracking towards 300 kilopounds for the March qtr and remains on track for FY25 outlook of 850 kilopounds

** Cost management remains impressive, with C1 costs tracking guidance of A$37-41 per pound for second half - Citi

** Stock up 4.1% YTD

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))