Imdex's Strong Backdrop Tempered by Current Valuation -- Market Talk

Dow Jones

Feb 02

2131 GMT - There's lots to like about Imdex, except its current valuation, contends Jefferies. Analyst John Campbell highlights a strengthening backdrop. Global exploration activity is rising, rig utilization has increased across all regions and Imdex tools on hire have grown since 4Q. "The Orebody Intelligence expansion continues to gain traction, although near term payoff remains uncertain," Jefferies says. Notably, junior raisings point to a 2026 exploration boom. Jefferies expects Imdex to report 1H revenue of A$239 revenue, and A$74 million of underlying Ebitda. "We remain constructive on long-term tech optionality, but valuation keeps us at a Hold," says Jefferies. Imdex ended last week at A$3.79. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 01, 2026 16:31 ET (21:31 GMT)

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Analyst John Campbell highlights a strengthening backdrop. Global exploration activity is rising, rig utilization has increased across all regions and Imdex tools on hire have grown since 4Q. \"The Orebody Intelligence expansion continues to gain traction, although near term payoff remains uncertain,\" Jefferies says. Notably, junior raisings point to a 2026 exploration boom. Jefferies expects Imdex to report 1H revenue of A$239 revenue, and A$74 million of underlying Ebitda. \"We remain constructive on long-term tech optionality, but valuation keeps us at a Hold,\" says Jefferies. Imdex ended last week at A$3.79. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 01, 2026 16:31 ET (21:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Imdex's Strong Backdrop Tempered by Current Valuation -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nImdex's Strong Backdrop Tempered by Current Valuation -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-02 05:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2131 GMT - There's lots to like about Imdex, except its current valuation, contends Jefferies. Analyst John Campbell highlights a strengthening backdrop. Global exploration activity is rising, rig utilization has increased across all regions and Imdex tools on hire have grown since 4Q. \"The Orebody Intelligence expansion continues to gain traction, although near term payoff remains uncertain,\" Jefferies says. Notably, junior raisings point to a 2026 exploration boom. Jefferies expects Imdex to report 1H revenue of A$239 revenue, and A$74 million of underlying Ebitda. \"We remain constructive on long-term tech optionality, but valuation keeps us at a Hold,\" says Jefferies. Imdex ended last week at A$3.79. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 01, 2026 16:31 ET (21:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608884543","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608884543","pubTimestamp":1769981460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2131 GMT - There's lots to like about Imdex, except its current valuation, contends Jefferies. Analyst John Campbell highlights a strengthening backdrop. Global exploration activity is rising, rig utilization has increased across all regions and Imdex tools on hire have grown since 4Q. \"The Orebody Intelligence expansion continues to gain traction, although near term payoff remains uncertain,\" Jefferies says. Notably, junior raisings point to a 2026 exploration boom. Jefferies expects Imdex to report 1H revenue of A$239 revenue, and A$74 million of underlying Ebitda. \"We remain constructive on long-term tech optionality, but valuation keeps us at a Hold,\" says Jefferies. Imdex ended last week at A$3.79. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","IMD.AU":"IMDEX LTD"},"translate_title":"Imdex的强劲背景受到当前估值的影响——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IMD.AU":0.9},"content_text":"2131 GMT - There's lots to like about Imdex, except its current valuation, contends Jefferies. Analyst John Campbell highlights a strengthening backdrop. Global exploration activity is rising, rig utilization has increased across all regions and Imdex tools on hire have grown since 4Q. \"The Orebody Intelligence expansion continues to gain traction, although near term payoff remains uncertain,\" Jefferies says. Notably, junior raisings point to a 2026 exploration boom. Jefferies expects Imdex to report 1H revenue of A$239 revenue, and A$74 million of underlying Ebitda. \"We remain constructive on long-term tech optionality, but valuation keeps us at a Hold,\" says Jefferies. Imdex ended last week at A$3.79. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 01, 2026 16:31 ET (21:31 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}