Jefferies analyst Adela Dashian has maintained their bullish stance on AFXXF stock, giving a Buy rating on February 7.
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Adela Dashian has given his Buy rating due to a combination of factors tied to AFRY’s strategic acquisition of AMC, a mining consultancy with strong client ties in Australia, Canada and other key regions. The deal materially broadens AFRY’s mining and metals offering across the entire project life cycle, especially in high-margin, early-stage advisory and specialized consulting work that can support profitable growth.
Dashian also highlights that AMC’s focus on critical minerals such as copper, lithium and nickel positions AFRY to benefit from structurally rising demand driven by the global energy transition. By integrating AMC into its Industry division, AFRY strengthens its technical depth in mine design, feasibility and strategic advisory, while accelerating its international expansion and deepening relationships with major global mining customers.
In another report released on February 7, TipRanks – PerPlexity also upgraded the stock to a Buy with a SEK151.00 price target.