Red 5's (ASX:RED) stock has been heavily sold down since the Australian gold miner released its fiscal 2025 guidance, trailing its peers despite expectations it will generate around AU$766 million in free cash flow until fiscal 2027, according to a Sept. 13 research note from Euroz Hartleys.
Red 5's guidance of slightly higher production and higher costs per ounce of AU$415 and growth capex in line with expectations sees the company now trading "well below" Euroz Hartley's deck price valuation, the broker said.
Euroz Hartleys' price target remains unchanged at AU$0.45 per share, and its buy rating is also unchanged.
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