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Aeris Resources Limited ( (AU:AIS) ) just unveiled an announcement.
Aeris Resources Limited has successfully received $80 million from a recent placement, using part of the funds to repay and cancel a $40 million loan facility, saving an estimated $6 million in interest and fees. This financial maneuver significantly strengthens Aeris’ balance sheet, positioning the company for growth through exploration and operational delivery in FY26, with additional cash expected from asset sales.
The most recent analyst rating on (AU:AIS) stock is a Buy with a A$0.62 price target. To see the full list of analyst forecasts on Aeris Resources Limited stock, see the AU:AIS Stock Forecast page.
More about Aeris Resources Limited
Aeris Resources is a mid-tier base and precious metals producer with a copper dominant portfolio. The company operates two assets, has multiple development projects, and a highly prospective exploration portfolio. Aeris focuses on organic growth projects, exploration, and strategic mergers and acquisitions, supported by an experienced board and management team.
Average Trading Volume: 5,629,071
Technical Sentiment Signal: Buy
Current Market Cap: A$451.7M
Find detailed analytics on AIS stock on TipRanks’ Stock Analysis page.