tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Aeris Resources Meets FY25 Production Guidance Despite Copper Shortfall

Story Highlights
Aeris Resources Meets FY25 Production Guidance Despite Copper Shortfall

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Aeris Resources Limited ( (AU:AIS) ) just unveiled an announcement.

Aeris Resources Limited reported its FY25 production results, highlighting a copper equivalent production of 42.1kt, which was within the guidance range. While gold production met expectations, copper production fell short due to delays at the Tritton mine and slow ramp-up at the Murrawombie Pit. Despite these challenges, the company increased its cash and receivables to $49.5 million, and Cracow’s strong gold output contributed positively amid high gold prices.

The most recent analyst rating on (AU:AIS) stock is a Buy with a A$0.29 price target. To see the full list of analyst forecasts on Aeris Resources Limited stock, see the AU:AIS Stock Forecast page.

More about Aeris Resources Limited

Aeris Resources Limited is an established Australian company engaged in copper-gold production and exploration. The company focuses on producing copper and gold, with operations that include the Cracow and Tritton mines.

Average Trading Volume: 1,207,365

Technical Sentiment Signal: Hold

Current Market Cap: A$179.1M

For a thorough assessment of AIS stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1