Anglo Asian Mining Begins Copper Sales and Achieves Record Ore Mining at Demirli

Anglo Asian Mining ( (GB:AAZ) ) has shared an announcement.

Anglo Asian Mining has commenced copper concentrate sales from its new Demirli mine, selling 2,055 wet tonnes of copper concentrate to Trafigura Pte Ltd, generating $3.6 million in provisional gross sales revenue. The establishment of a dedicated logistics centre near Ganja enhances the efficiency of these sales, demonstrating a strong partnership with Trafigura. The company also achieved record ore mining volumes at Demirli, aligning with its growth strategy to increase production.

The most recent analyst rating on (GB:AAZ) stock is a Hold with a £228.00 price target. To see the full list of analyst forecasts on Anglo Asian Mining stock, see the GB:AAZ Stock Forecast page.

Spark’s Take on GB:AAZ Stock

According to Spark, TipRanks’ AI Analyst, GB:AAZ is a Neutral.

The overall stock score for Anglo Asian Mining is primarily impacted by its poor financial performance, which is the most significant factor. While technical analysis shows some positive momentum, the negative P/E ratio and lack of dividend yield contribute to a weak valuation. The absence of earnings call data and corporate events means these factors do not influence the score.

To see Spark’s full report on GB:AAZ stock, click here.

More about Anglo Asian Mining

Anglo Asian Mining plc is a copper and gold producer with a portfolio of production and exploration assets in Azerbaijan. The company aims to transition to a multi-asset, mid-tier producer by 2030, focusing on copper as its principal product, with plans to produce 50,000 to 55,000 tonnes of copper annually.

Average Trading Volume: 127,552

Technical Sentiment Signal: Buy

Current Market Cap: £274.4M

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