Added to YB: 2024-07-29
Pitch date: 2024-07-26
GRR.AX [neutral]
Grange Resources Limited
-13.38%
current return
Author Info
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Company Info
Grange Resources Limited owns and operates integrated iron ore mining and pellet production business in Australia and internationally.
Market Cap
AUD 381.9M
Pitch Price
AUD 0.32
Price Target
N/A
Dividend
6.06%
EV/EBITDA
0.37
P/E
2.55
EV/Sales
0.17
Sector
Metals and Mining
Category
value
Show full summary:
Equity Heritage Portfolio Review - July 2024 - Grange Resources Limited
GRR.AX: Iron ore miner improved Q2 '24 margins; prices up to A$206/t from A$166/t, costs down to A$145/t from A$162/t. Production back to Q4 '23 levels post-maintenance. Net cash 76% of A$251M market cap. Iron ore price at 4-year low in USD. KEEP recommendation.
Read full article (1 min)