Miner 29Metals a Compelling Growth Story -- Market Talk
Dow Jones
Yesterday
0059 GMT - Miner 29Metals gains a bull in Morgans, which initiates coverage of the stock with a buy rating. The broker says it views 29Metals "as a compelling turnaround and growth story leveraged to what we see as a strong long-term copper market." At the Golden Grove mine, Morgans expect a restart of Xantho Extended and the development of Gossan Valley improve operational flexibility. At Capricorn Copper, progress toward a restart provides points to medium-term production growth that could diversify earnings, Morgans says. It puts a A$0.54/share target on the stock. Shares are down 9.5% at A$0.335. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
March 18, 2026 20:59 ET (00:59 GMT)
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