Aurelia Metals upgraded to Buy from Hold at Jefferies

Jefferies analyst Daniel Roden upgraded Aurelia Metals to Buy from Hold with a price target of A$0.23, up from A$0.16. The firm expects a “catalyst rich” three months for Aurelia, including the unwinding of high concentrate inventory at Peak in the June-end quarter, commencement of Federation ore in Q1 of FY25, the closure of Dargues in Q1 of FY25 and the release of the Cobar Basin Optimisation project.