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RBC Sees 'Seasonally Strong' Q3, Asset Base Pickup for Valterra Platinum
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06:56 AM EDT, 10/07/2026 (MT Newswires) -- RBC Capital Markets believes Valterra Platinum (VAL.JO, VALT.L) is set for a "seasonally strong" third quarter, projecting a quarter-on-quarter improvement across most of the company's mining assets. The research firm said Tuesday that Amandelbult is the only exception to the quarter's momentum due to the reported fatalities at the site in July. Analysts expect Valterra to meet its full-year 2026 production guidance of 3 million ounces to 3.4 million ounces of metal in concentrate, though likely landing at the lower end of that range. Valterra Platinum is scheduled to publish its third-quarter production report on Oct. 23. In a third-quarter preview note on European miners, RBC trimmed its price target for Valterra Platinum to 72 pounds sterling from 73 pounds, citing mark-to-market commodity price revisions. The research firm has an outperform rating on the stock.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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