First-quarter production was stronger than Macquarie expected while sales were affected by shipments being rolled over into the second quarter.
Mining has now ramped back up following the pandemic-led curtailment and operations have since outperformed monthly targets. Macquarie finds the dividend yield attractive and retains an Outperform rating. Target is $0.35.
Sector: Materials.
Target price is $0.35.Current Price is $0.26. Difference: $0.09 – (brackets indicate current price is over target). If JMS meets the Macquarie target it will return approximately 26% (excluding dividends, fees and charges – negative figures indicate an expected loss).
