Nice X write up21 Jan 2026 15:52
Https://x.com/frankzondervan2/status/2013997285097488392?s=20
smallcapCRYPTO
@HotCommunities
·
48m ago
#PYX $PYX #PYXRESOURCES
“This leaves our current target price with room for significant upside. Hence, we recommend long-term investors to take advantage of the opportunity presented to them,” the analyst concluded.
The analysts said the broker's bullish valuation is based on “an extremely conservative” zircon price assumption, pitched at US$2,100 per tonne – a discount of around 24% on the average selling price achieved by PYX
Cedrus rates PYX with an ‘overweight’ rating and a 185p (A$3.35) price target suggesting substantial upside to the current market price of 0.49p.
Analyst Dr Thomas Kenny noted that the excellent performance was driven by the management team’s execution and positive market dynamics;
“PYX Resources has the world’s second-largest JORC-compliant zircon resources among producers currently in production. It is also a leading and rapidly-growing premium zircon producer,” Dr Kenny said in a note to clients.
As well as diversifiying the company’s revenue stream the development had also enhanced the company’s valuation, the Cedrus analyst noted, driven by higher revenue per tonne of HMC, operating cash flow and profitability.
Looking at the broader market, meanwhile, he highlighted that the mineral sands industry in remains robust, as does that for zircon.
Dr Kenny said: “Mineral sands was among the few niches in the natural resources industry that were immune from the commodity price correction.
“PYX is expected to be a major beneficiary, as its five-year plan includes the option of doubling its current production capacity to 48,000 tonnes per annum to capture more market share.”
Sign In
Follow the stocks
