The Aeris Resources Ltd (ASX: AIS) share price is trading 2.44% lower at 20 cents a piece this morning. For the year, the share price is 11.11% higher.
And analysts think there could be much more to come.
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What does Aeris Resources do?
Aeris Resources is an Australian mid-tier base and precious metals explorer and producer. Its portfolio is copper-dominant, and it has gold, zinc, and silver operations and exploration projects.
The miner has four operating assets: Triton Copper Operations near Cobar in central New South Wales, Cracow Gold Operations in central Queensland, Jaguar operations in Western Australia, and a North Queensland copper operation, which includes its Mt Colin copper mine.
The company also has a pipeline of development projects. Its North Queensland operations also include the Barbara development site and a prospective 1,100 square kilometre tenement package in the Mt Isa/Cloncurry region.
It is also well-advanced on the long-life Stockman Project, a copper and zinc development project located in the East Gippsland region of Victoria.
Aeris Resources also holds joint venture interests in two other exploration projects in New South Wales and South Australia.
The ASX miner recently upgraded its copper production expectations for FY 2026 and FY 2027 to 24-29kt. At the midpoint of 26.5kt, this is 36% higher than Macquarie forecasts.
Strong growth ahead
According to TradingView data, 3 out of 4 analysts rate the ASX mining stock as a strong buy.
One-year forecasts on the company's share price are positive too. The average 12-month target price is 28 cents per share while the maximum target price is 35 cents per share.
This represents huge potential upside of 40% to 75% from the share price at the ASX open this morning.
Macquarie has an outperform rating and a target price of 28 cents per share on the ASX mining stock. This represents a 40% upside for investors over the next 12 months.
Bell Potter has a speculative buy rating on Aeris Resources and has a 12-month price target of $0.30. This represents a potential upside of 50%.
"The speculative buy rating is maintained as AIS is a copper dominant producer with all its assets in Australia. It's near-term outlook is highly leveraged to the copper price and increasing grades and production at the Tritton copper mine," the broker said.
That means that, in 12 months, shares in the ASX miner could turn $1,000 into as much as $1,750, according to analysts' maximum estimates.
