Mining Services

We have initiated coverage on Orica (ORI) with a price target of $23.00 and a Buy recommendation.

CMM is now debt-free and well-positioned to fund its growth, with plans to double production to ~300kozpa through the Mt Gibson and Karlawinda projects.

Given increased market uncertainty, we’ve upgraded our gold price forecasts and maintain our Buy recommendation, with a new price target of $4.34.

Recent contract wins strengthen GenusPlus Group’s growth outlook and support our Buy recommendation with a target price of $3.10.

Southern Cross Electrical Engineering announces $225m in new contracts, strengthening its FY25 outlook.

We have initiated coverage on ALS (ALQ) with a price target of $17.30 and a Buy recommendation.