PREDICTIVE DISCOVERY LIMITED (PDI)
Share Price Analysis and Chart

03/04/2025

2

Downgrade to Accumulate from Buy

$0.43

Ord Minnett has broadly reduced its commodity price forecasts, with the exception of gold and neodymium-praseodymium.

The broker cites growing concerns over weakening Chinese steel demand and the potential global trade and economic impacts stemming from proposed US tariffs.

The broker's 2025 iron ore price forecast falls by -3%, while metallurgical coal and thermal coal price estimates fall by -18% and -17%, respectively.

On a sector level, Ord Minnett prefers base metal producers over the bulk miners, noting limited appeal among the lithium and coal producers.

Rio Tinto is preferred over over BHP Group among the large diversified miners, while South32, Capstone Copper, and MAC Copper are the analyst's top picks for base metals exposure.

For Predictive Discovery, the broker raises its target to 43c from 40c and downgrades to Accumulate from Buy.

Among the large gold exposures, the analysts like Buy-rated Newmont Corp.

30/04/2025

1

Speculative Buy

$0.56

30.23%

Canaccord Genuity notes Predictive Discovery lifted the Bankan Gold Project resource to 5.53Moz after maiden resources at Fouwagbe and Sounsoun, though these additions are not expected to feature in the upcoming Definitive Feasibility Study.

The analyst highlights upside potential along the 30km plus structural trend, with drilling planned to test down-plunge extensions and new targets around the Argo area.

Progress toward final Exploitation Permit approval continues, with strong engagement from the Guinean authorities and anticipated approval in the June quarter.

The company remains well funded with circa $83m cash to advance the Definitive Feasibility Study, early development activities, and exploration. Speculative Buy rating retained with a $0.56 target price.