J.P. Morgan keeps AUD 11.50 target for Greatland Resources stock

Published on 10/17/2026 at 18:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

AGM follows on November 19, 2026, at 3:00 p.m. AWST. Greatland Resources stock cost AUD 9.95 on October 16, 2026, up 5.51 percent on the day on ASX.

Analyst view and calendar

The October 16, 2026 report put J.P. Morgan's Greatland Resources target at AUD 11.50, 15.58 percent above the price.
Fiscal 2026 revenue reached AUD 2.26 billion, up 136.00 percent from the previous fiscal year.
Greatland Resources stock last traded at AUD 9.95 at 1:10 p.m. AWST on October 16, 2026, up 5.51 percent versus the ASX prior close of AUD 9.43.
The annual general meeting is scheduled for November 19, 2026.

Greatland Resources, AU0000397705, Illustration mit AI erstellt.

J.P. Morgan maintained an AUD 11.50 price target for Greatland Resources in a report covered by The Globe and Mail on October 16, 2026. The target was 15.58 percent above the ASX price of AUD 9.95, while Greatland Resources last traded 5.51 percent higher at AUD 9.95 on October 16, 2026 at 1:10 p.m. AWST.

Fiscal 2026 revenue reached AUD 2.26 billion

The latest full-year figures give the analyst view a strong operating backdrop. Greatland Resources reported fiscal 2026 revenue of AUD 2.26 billion, up 136.00 percent from fiscal 2025, according to The Globe and Mail. Net income reached AUD 862.30 million, up 156.00 percent from fiscal 2025.

Price stays below the 52-week high

At AUD 9.95, the stock stood 35.52 percent below its AUD 15.43 52-week high and 47.85 percent above its AUD 6.73 low. The fiscal-year price-to-earnings ratio was 7.98, while market capitalization stood at AUD 6.7 billion as of October 16, 2026.

Greatland operates the Telfer gold-copper mine and is developing the Havieron project in Western Australia. The company also has exploration assets in the surrounding Paterson Province, according to the AGM release carried by Investegate on October 16, 2026.

Valuation and the November 19 meeting

The AUD 11.50 J.P. Morgan target leaves 15.58 percent between the target and the latest ASX price. The annual general meeting will take place on November 19, 2026, at 3:00 p.m. AWST, according to the company's notice carried by Investegate.

Comparison with peers

Greatland Resources (ASX, AUD): plus 5.51 percent, P/E 7.98, market capitalization AUD 6.7 billion

Northern Star Resources (ASX, AUD): plus 3.25 percent, P/E 21.65, market capitalization AUD 35.8 billion

Evolution Mining (ASX, AUD): plus 3.03 percent, P/E 17.26, market capitalization AUD 25.8 billion

Last ASX price on October 16

Greatland Resources last traded at AUD 9.95 on the ASX on October 16, 2026 at 1:10 p.m. AWST, up 5.51 percent versus the prior close of AUD 9.43. The stock remained below its 52-week high, while the analyst target and the November 19 meeting provide the next dated reference points.