Moelis cuts target for Greatland Resources stock to AUD 11.00

Published on 10/24/2026 at 19:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AGM follows on November 19, 2026. Greatland Resources stock costs EUR 5.41 on October 24, 2026, down 0.18 percent versus Tradegate close.

Target cut and AGM date

Moelis lowered its Greatland Resources target from AUD 11.40 to AUD 11.00 on October 23, 2026.
Greatland Resources will hold its annual general meeting on November 19, 2026.
Greatland Resources stock costs EUR 5.41 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, 0.18 percent below the Tradegate close.
Fiscal 2026 revenue reached AUD 2.26 billion, up 136 percent.

Greatland Resources, AU0000397705, Illustration mit AI erstellt.

Greatland Resources (AU0000397705) faces a lower analyst target after FNArena reported on October 23, 2026 that Moelis upgraded the stock from Sell to Hold but cut its target from AUD 11.40 to AUD 11.00. The report cited lower near-term gold price assumptions and a 10 percent reduction in fiscal 2027 earnings before interest, taxes, depreciation and amortization estimates. At Lang & Schwarz, the stock was trading at EUR 5.41 on October 24, 2026 at 1:04 p.m. CEST, 0.18 percent below the Tradegate close of October 23, 2026 at EUR 5.42.

Target cut reflects gold assumptions

Moelis reduced its target by 3.51 percent, from AUD 11.40 to AUD 11.00. FNArena reported that the lower near-term cash flow valuation outweighed a 3 percent increase in net asset value from higher long-term gold prices and an expanded enterprise value-to-resource multiple.

Stock sits below its yearly high

The Australian-listed stock last stood at AUD 8.68 on October 23, 2026, down AUD 0.65, or 6.97 percent, from the previous session. Its 52-week range was AUD 6.73 to AUD 15.43, placing the price 43.75 percent below the high and 29.00 percent above the low. Trading volume reached 1,298,917 shares, while market capitalization stood at AUD 5.8 billion.

Revenue and AGM set the calendar

Fiscal 2026 revenue reached AUD 2.26 billion, up 136 percent from the prior year, while net income rose 156 percent to AUD 862.30 million, according to Simply Wall St. The same fiscal 2026 update put profit margin at 38 percent, compared with 35 percent in fiscal 2025. The company will hold its annual general meeting on November 19, 2026, at 3:00 p.m. AWST in Crawley, Western Australia, according to Investegate.

Valuation remains tied to gold

Greatland Resources carried a price-to-earnings ratio of 7.03 on October 23, 2026. The company operates the Telfer gold-copper mine and the Havieron development project in Western Australia, with its shares listed on the Australian Securities Exchange and the London Stock Exchange AIM market.

Moelis target now stands at AUD 11.00

The revised AUD 11.00 target sits 26.73 percent above the AUD 8.68 Australian closing price on October 23, 2026. The target change places the analyst view alongside a 52-week range that extends from AUD 6.73 to AUD 15.43.

Price remains below the Tradegate close

Greatland Resources stock was trading at EUR 5.41 at Lang & Schwarz on October 24, 2026 at 1:04 p.m. CEST, down 0.18 percent versus the Tradegate close of October 23, 2026 at EUR 5.42. The further course of trading is shown by the continuously updated real-time quote of Greatland Resources stock.