Macquarie upgrades Greatland Resources stock to Buy

Published on 10/13/2026 at 06:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Macquarie set an A$12.30 target on October 1, 2026. Greatland Resources stock posted A$2.26 billion fiscal 2026 revenue, up 136 percent.

Key points in brief

Macquarie upgraded Greatland Resources to Buy and set an A$12.30 price target on October 1, 2026.
Fiscal 2026 revenue reached A$2.26 billion, up 136 percent from fiscal 2025, while net income rose 156 percent to A$862.3 million.
The latest Lang & Schwarz euro indication was EUR 6.36 on October 12, 2026 at 11:00 p.m. CEST.
Greatland Resources will hold its annual general meeting on November 19, 2026.

Greatland Resources, AU0000397705, Illustration mit AI erstellt.

Greatland Resources (ISIN AU0000397705) was upgraded to Buy by Macquarie, which set an A$12.30 price target on October 1, 2026, according to Markets Insider. The rating change puts renewed attention on Greatland's Telfer mine and Havieron development project.

Macquarie sets A$12.30 target

Macquarie's upgrade followed a period in which Greatland had expanded from a development-focused miner into a producer with Telfer operations. The A$12.30 target is a concrete valuation reference for the market, while the Buy rating marks a more positive stance than the prior view reported in the analyst update.

What do the fiscal results show?

Simply Wall St reported fiscal 2026 revenue of A$2.26 billion, up 136 percent from fiscal 2025, while net income reached A$862.3 million, up 156 percent. Earnings per share rose to A$1.29 from A$0.64, and the profit margin increased to 38 percent from 35 percent.

The operating backdrop also carries a growth-spending tradeoff. Greatland planned fiscal 2027 gold production of 260,000 to 300,000 ounces, while capital expenditure for Havieron and Telfer keeps execution central to the valuation debate, as Simply Wall St summarized.

Three dated milestones shape the story

On July 8, 2026, Greatland announced Nick Strong as chief operating officer, with responsibility for Telfer and Havieron operations, according to Simply Wall St. On August 27, 2026, fiscal 2026 earnings showed A$862.3 million of net income. On October 1, 2026, Macquarie upgraded the stock to Buy and set the A$12.30 target.

Next date is November 19

Greatland's next substantiated corporate date is its annual general meeting on November 19, 2026, as reported by Simply Wall St. The meeting gives investors a formal checkpoint on governance, capital allocation and the next phase of Telfer and Havieron development.

Euro indication predates publication date

The last available Lang & Schwarz indication was EUR 6.36 on October 12, 2026 at 11:00 p.m. CEST. The separate market view is anchored by the ASX listing in Australia, where Greatland Resources trades under ticker GGP and operates in gold and copper mining.

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