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Sims ( (AU:SGM) ) has issued an update.
Sims Limited, listed on the ASX and quoted on the U.S. OTC market, provides metal recycling and technology circularity services worldwide, underpinning its role in the circular economy. The company’s operations span 13 countries, where it converts waste into recycled inputs for industrial and technology supply chains.
The company has upgraded its FY26 outlook, forecasting group underlying EBIT between $350 million and $400 million, supported by strong non-ferrous and memory chip markets despite some shipping and fuel impacts from Middle East tensions. Its Sims Lifecycle Services unit is expected to deliver $165 million to $185 million in underlying EBIT on robust DDR4 secondary-market pricing and hyperscaler demand, while the metal business benefits from strong non-ferrous prices and improved U.S. ferrous markets even as elevated Chinese steel exports pressure scrap prices, leading to a materially stronger second half for North America and SAR but subdued near-term ferrous pricing in ANZ.
The most recent analyst rating on (AU:SGM) stock is a Hold with a A$19.00 price target. To see the full list of analyst forecasts on Sims stock, see the AU:SGM Stock Forecast page.
More about Sims
Sims Limited is an Australia-founded global leader in metal recycling and circular solutions for technology, operating more than 150 facilities across 13 countries. The company employs about 3,900 people and focuses on supplying recycled materials and repurposed products to support circularity and decarbonisation in the global economy.
Average Trading Volume: 810,148
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$3.59B
See more data about SGM stock on TipRanks’ Stock Analysis page.