Lotus Resources (ASX: LOT) Broker Ratings

• Shaw and Partners has downgraded Lotus Resources to a Hold rating from Buy, with a significantly reduced target price of $0.22 from $0.77. This reflects their lowered uranium price forecasts and perceived project risks at the Kayelekara Uranium Project, despite the project expecting earlier production.

• Ord Minnett maintains its Speculative Buy rating for Lotus Resources (with an unchanged target price of $0.35. The broker highlights the significance of Lotus securing fixed-price uranium contracts, indicating utility confidence in the Kayelekera project, though they don't anticipate an immediate uranium price rebound.

• Bell Potter has cut its target price for Lotus Resources to $0.35 from $0.45, while maintaining a Speculative Buy rating. The broker notes a new offtake agreement with prudent pricing but suggests potential funding pressure if the production start at Kayelekara is delayed.

• Macquarie has an Outperform rating on Lotus Resources with an unchanged target price of $0.38. The broker observes the company's transition to a production focus and notes the re-confirmation of the production timeline, with the project being fully funded. They have made minor adjustments to EPS forecasts.

Lotus Resources Stock Price

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