Jefferies upgrades Australia's Imdex to 'buy', sees strong mining tech growth

Imdex

24/03/2026 19:01

** Analysts at Jefferies upgrade Australia's Imdex IMD.AX to "buy" from "hold", keep price target at A$4.25

** Jefferies sees a very strong few years ahead for the mining tech firm, driven by major, mid-tier and junior mining company customers

** IMD continues to grow wallet share and benefits from all the long-term trends in mining - Jefferies

** 7 out of 10 analysts recommend "buy" or higher, 2 "hold" and 1 "sell"; set the median PT at A$4.56 - data compiled by LSEG

** IMD down 2.9% YTD

 (Reporting by Keshav Singh Chundawat in Bengaluru)

 ((Keshav.singhchundawat@thomsonreuters.com))