Jefferies upbeat on earnings growth for Australia's Nickel Industries despite ramp-up delays
16/09/2026 23:46
BUZZ-Jefferies upbeat on earnings growth for Australia's Nickel Industries despite ramp-up delays ** Jefferies says Nickel Industries' adj EBITDA of $90 million so far for 3Q26 is in-line with consensus estimate of $135 million
** Says consensus outlook, which is above Jefferies estimate, is 12% higher Q-o-Q, if the earnings momentum in September continues through strong ore sales and margin expansion
** The nickel producer on Tuesday also reported dry conditions delaying the ramp-up of its Exelsior nickel cobalt (ENC) plant in Indonesia
** However, Jefferies says co is well-positioned for upside via a growing production base and strong mine performance, although risks from uncertain geopolitical conditions remain
** NIC down 3.6% so far this year, as of last close
(Reporting by Subhalakshmi Dey in Bengaluru)
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