Ord Minnett cuts Metro Mining target after weak September shipments
Metro Mining missed September shipment expectations, putting its former annual guidance out of reach. Ord Minnett cut its target by 30% to A$1.75.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
According to Newsmetry API, bauxite miner Metro Mining fell short of expectations for September shipments, and Ord Minnett said the weaker monthly result puts its former annual guidance beyond reach. Analyst Matthew Hope said the company would have to average about 860,000 tons a month over the final three months of 2026 to reach the lower end of the 6.6 million–7.1 million-ton guidance range.
Ord Minnett sees 6.2 million–6.4 million tons as a more realistic result. That outcome would require shipment rates of approximately 775,000 tons per month during the December quarter. The broker kept its buy rating but reduced its price target by 30% to A$1.75 a share. Metro Mining closed Monday at A$0.88.
why it matters
The weaker shipment pace raises doubts about Metro Mining’s ability to meet its previous annual target. The resulting reset in expected volumes prompted a substantial cut to the broker’s valuation target, even as its buy rating remained unchanged.
instruments
sources
- Metro Mining's Credibility Takes New Hit — Market Talk — Newsmetry API, 12 October 2026 at 21:44 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗