Research
Morgans Financial Downgrades Imdex to Accumulate from Buy; Price Target is AU$4.30
Imdex (ASX:IMD) has an average rating of overweight and mean price target of AU$4.40, according to analysts polled by FactSet.
ASX:IMD
ASX:IMD
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Asia
Imdex Fiscal 2026 Normalized EPSA, Revenue Up
Imdex (ASX:IMD) logged AU$0.138 in normalized EPSA for fiscal 2026, compared with AU$0.102 a year ago, a Monday filing showed.For the 12 months ended June 30, revenue was AU$520.1 million versus AU$431.4 million previously, the Australia-listed mining technology company added.The board declared a final dividend of AU$0.0175 per share, up from AU$0.01 a year earlier, payable Oct. 1 to shareholders of record Sept. 17.
ASX:IMD
Asia
Monadelphous Group's New Contract Wins Show Benefits of Favorable Capex Environment, Says Jefferies
Monadelphous Group (ASX:MND) continues to benefit from a favorable resources capital expenditure environment with three new contracts, according to a Thursday Jefferies note.The company on Thursday said it won new construction and maintenance contracts worth more than AU$110 million in the resources, energy, and infrastructure sectors.The investment firm added that ALS (ASX:ALQ), Perenti (ASX:PRN), and Imdex (ASX:IMD) remain its preferred picks, although the broader sector is benefiting from the rising resources investment cycle.Jefferies kept an underperform rating on Monadelphous Group with a price target of AU$25.
ASX:ALQASX:IMDASX:MNDASX:PRN
Research
Jarden Upgrades Imdex to Underweight from Sell, Adjusts Price Target to AU$3.80 from AU$3.60
Imdex (ASX:IMD) has an average rating of overweight and mean price target of AU$4.51, according to analysts polled by FactSet.
ASX:IMD
Asia
Imdex Expected to Continue to Express Optimism About Strength in Underlying Industry Conditions, Jarden Says
Imdex (ASX:IMD) is expected to continue to express optimism regarding the strength in underlying industry conditions, which they are capable of capturing and executing on, according to a Monday note from Jarden.Industry conditions are anticipated to improve through the second half of fiscal 2026, driven by strong underlying commodity demand, the brokerage said. However, there are risks building from the the need for further cost investment to support growth, higher D&A costs, and volatility in equity raising proceeds for junior miners, it added.Alpha Consensus expectations are for further acceleration in underlying earnings before interest, taxes, depreciation, and amortization growth into fiscal 2027. Jarden forecasted fiscal 2027 core net profit after tax growth of 16% and lifted its fiscal 2027 core earnings per share estimate by 3% and the fiscal 2028 one by 1.8%.The investment firm changed its rating on Imdex to underweight from sell and raised its price target to AU$3.80 from AU$3.60.
ASX:IMD
Asia
Mining Services Sector Too Strong for Transitory, Manageable Issues, Says Jefferies
Mining services sector's issues like diesel pressures or labor shortage are temporary or manageable, as the oil shock will ease after the Middle East peace deal and the industry has previously managed labor shortages, according to a Saturday Jefferies note.The mining capital expenditure and exploration cycle is too strong to ignore or underweight, which should last at least 3 years and probably beyond, Jefferies said, as it believes that upgrades will easily outweigh downgrades during this time, and sector earnings growth will easily surpass the ASX 300.Jefferies upgraded ALS (ASX:ALQ) and Imdex (ASX:IMD) to a buy and increased their price targets to AU$26 from AU$24.40 and AU$5 from AU$4.80, respectively.Jefferies also upgraded Perenti (ASX:PRN) to a buy and lifted its price target to AU$2.45 from AU$2.35.The investment firm downgraded MAAS Group (ASX:MGH) to hold with a price target of AU$5.50, while keeping the same rating on NRW (ASX:NWH) with a price target of AU$6.40, up from AU$6.20.Jefferies kept an underperform rating on Monadelphous Group (ASX:MND) and increased its price target to AU$24 from AU$23.ALS rose past 4%, Imdex jumped over 5%, Perenti surged almost 7%, NRW Holdings was up 4%, and Monadelphous climbed nearly 5% in recent Monday trade. MAAS Group fell roughly 3%.
ASX:ALQASX:IMDASX:MGHASX:MNDASX:NWHASX:PRN
Asia
ASX Biggest Gainers
Here are the ASX-listed companies with the biggest gains on Friday:Minerals 260 (ASX:MI6): +13%, AU$0.85Pantoro Gold (ASX:PNR): +12%, AU$2.57Develop Global (ASX:DVP): +10%, AU$6.90PLS Group (ASX:PLS): +9%, AU$6.46Elevra Lithium (ASX:ELV): +9%, AU$11.65Genesis Minerals (ASX:GMD): +9%, AU$5.24Bellevue Gold (ASX:BGL): +9%, AU$1.33Almonty Industries (ASX:AII): +9%, AU$24.04Imdex (ASX:IMD): +9%, AU$4.01Sandfire Resources (ASX:SFR): +8%, AU$19.88
ASX 200ASX:AIIASX:BGLASX:DVPASX:ELVASX:GMDASX:IMDASX:MI6ASX:PLSASX:PNRASX:SFR
Asia
Imdex Continues to Build Momentum in Fiscal Q3 Despite Headwinds, Euroz Hartleys Says
Imdex's (ASX:IMD) activity continued to increase in the fiscal third quarter, and overall momentum is continuing to build despite the conflict in the Middle East and foreign exchange headwinds, according to a Wednesday note from Euroz Hartleys.Its group revenue jumped up 23% year-over-year to AU$123 million in the third quarter of fiscal year 2026 from AU$100 million in the prior-year quarter, or by 29% on a constant currency basis.The analysts see reason for optimism in relation to their 2027 forecasts in terms of the top line data as well as in terms of margin, as higher value and integrated services are offered to a market increasingly seeking rock knowledge from data.The increasing access to and generation of rock knowledge as proprietary data is expected to allow for the transformation of raw measurements into decision-ready solutions, with artificial intelligence as a key enabler.The investment firm retained its buy recommendation and placed the AU$4.38 per share price target under review.
ASX:IMD
Asia
Imdex Fiscal Q3 Group Revenue Jumps 23% in Fiscal Q3
Imdex's (ASX:IMD) group revenue jumped up 23% year-over-year to AU$123 million in the third quarter of fiscal year 2026 from AU$100 million in the prior-year quarter, or by 29% on a constant currency basis, according to a Wednesday Australian bourse filing.Its organic revenue rose 19% on the prior corresponding period, or by 26% on a constant currency basis.Sensors, services, and software-as-a-service revenue now account for 70% of group revenue and rose 28% over the period. It saw strong growth in the US, led by the sensors segment, while activity in Western Australia drove revenue in the segment.Its shares were up 1% in recent trading on Wednesday.
ASX:IMD
