Tharisa PLC (LSE:THS, JSE:THA, OTC:TIHRF)’s underlying earnings fell slightly short of Peel Hunt's estimation of US$140 million, though analysts retained the platinum miner’s 'buy' rating with a 195p price target.
The minor discrepancy is attributed to lower cash operating costs, which could not entirely offset the marginally reduced realised pricing.
Tharisa's reported net income stood at US$82.2 million, closely matching Peel Hunt's projection of US$81.5 million.
Peel Hunt noted Tharisa's “positive dividend surprise” during its earnings call, which surpassed analysts’ expectations.
This strong dividend, constituting a 20% payout on second-half earnings power share and an 18% full-year payout, comfortably exceeds the company's 15% policy minimum.