BLACK CAT SYNDICATE LIMITED (BC8)
Share Price Analysis and Chart

07/04/2026

1

Buy

$1.82

45.60%

Moelis notes gold has become considerably more volatile and updates its financial estimates to capture March quarter price and FX outcomes.

The outbreak of conflict in the Persian Gulf has added to uncertainty while speculative positioning in gold has likely contributed to large moves during the quarter, the broker adds.

Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation. Buy rating for Black Cat Syndicate retained. Target edges back to $1.82 from $1.85.

FORECAST
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 16.79 cents.
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 37.55 cents.