2257 GMT [Dow Jones]--Uranium producer Boss Energy is very well placed to beat FY2025 production guidance of 850,000 pounds of U3O8 after reporting drumming 295,800 pounds at the Honeymoon mine in 3Q, Macquarie analysts say in a note. "This is despite some minor challenges with the kiln and baghouse resulting in some downtime," the analysts say. They now expect FY2025 output of 912,000 pounds. Macquarie has an outperform rating and A$4.60 target on Boss. The analysts say it "offers strong leverage to a recovery in uranium spot prices and improving term structures. Boss last traded at A$2.62. (rhiannon.hoyle@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 19:02 ET (23:02 GMT)
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