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The latest announcement is out from Metarock Group Limited ( (AU:MYE) ).
Mastermyne Group Limited has issued its FY25 earnings guidance, projecting a significant decrease in revenue to between $212 million and $216 million, down from $294 million the previous year. This decline is attributed to the suspension and closure of key mining operations and restricted activities at several mines. Despite these challenges, the company has managed to increase its net cash position to $29 million. The company is also ramping up activities at the new Appin mine, which may impact future operations and financial performance.
The most recent analyst rating on (AU:MYE) stock is a Buy with a A$0.36 price target. To see the full list of analyst forecasts on Metarock Group Limited stock, see the AU:MYE Stock Forecast page.
More about Metarock Group Limited
Mastermyne Group Limited operates in the mining industry, focusing on providing mining services and solutions. The company is involved in various mining projects, including longwall consolidation and essential services at mines such as Moranbah North and the new Appin mine project.
Average Trading Volume: 92,847
Technical Sentiment Signal: Sell
Current Market Cap: A$49.38M
Learn more about MYE stock on TipRanks’ Stock Analysis page.