Stocks

Computershare (ASX:CPU) Faces Setback as Citi Downgrades Stock Rating

January 21, 2025 01:00 PM AEDT| By Team Kalkine Media

Highlights,Citi downgrades Computershare (,ASX:CPU,) from 'Buy' to 'Neutral.',Target price,raised,from $30 to $35, but further growth seems uncertain.,Recent,rally, coupled with acquisitions, might not guarantee significant future gains.,Shares in Co...

Strong Q2 Performance Boosts South32 (ASX:S32) Shares, Impressing Analysts

January 21, 2025 12:58 PM AEDT| By Team Kalkine Media

Highlights,South32 (,ASX:S,32) sees a notable increase in share value after solid Q2 production.,Analysts express optimism on the company's diversified metal exposure.,Company continues to see strength in aluminum and copper production.,South32 (ASX:...

BKI Faces Earnings Decline Amid High Expenses and Interest Rates

January 21, 2025 12:50 PM AEDT| By Team Kalkine Media

Highlights,Earnings for (,ASX:BKI,) decline year-on-year.,Operating profit remained stable despite challenges.,Dividend distributions see minimal change in an uncertain economic environment.,BKI Investment Trust (ASX:BKI) has announced a drop in earn...

Santos Defers $2B WA Oil Project, Impacting Partner Shares

January 21, 2025 12:47 PM AEDT| By Team Kalkine Media

Highlights,Santos (,ASX:STO,) postpones major investment in the Dorado oil project in WA.,Carnarvon Energy (,ASX:CVN,) shares,tumble,over 20% following the announcement.,Timeline,for Dorado construction approval in 2025 is now unattainable.,Santos Li...

Metal Hawk reports progress at Leinster South project, intersects high grade gold value

January 21, 2025 12:37 PM AEDT| By Team Kalkine Media

Highlights,High-Grade Gold Results at Thylacine Prospect:,Rockchip assays return up to,62.3g/t gold,, extending the surface mineralisation footprint to over,600m,.,Significant Gold Anomaly Identified:,Soil geochemistry outlines a,900m strike extent,a...

De Grey Mining Agrees to be acquired by Northern Star Resources

January 21, 2025 12:34 PM AEDT| By Team Kalkine Media

Highlights,Northern Star Resources Acquisition:,De Grey Mining agreed to be acquired by Northern Star Resources through a Scheme of Arrangement.,Financial Position:,Cash reserves of $786 million at the end of December, with a planned senior debt faci...

Australian Banking Stocks: Valuation Insights and New Ratings

January 21, 2025 12:31 PM AEDT| By Team Kalkine Media

Highlights,ANZ (,ASX:ANZ,) and NAB (,ASX:NAB,) upgraded due to positive earnings potential.,Short-term margin improvements and a stable economy influence,forecasts,.,Commonwealth Bank (,ASX:CBA,) and Westpac (,ASX:WBC,),maintain,lower ratings amid se...

Alkane Resources Discovers High-Grade Gold at Tomingley Operations

January 21, 2025 12:31 PM AEDT| By Team Kalkine Media

Highlights,Significant Gold Intercepts:,Drilling at Tomingley Gold Operations identified high-grade gold intercepts, with grades exceeding 5 grams per tonne (g/t) in certain areas.,Underground Mining Potential:,Exploration beneath the San Antonio dep...

Liontown Resources Shares Surge 11.1% on Strong Production and Revenue Growth

January 21, 2025 12:25 PM AEDT| By Team Kalkine Media

Highlights,Share Performance:,Liontown Resources shares jumped 11.1% to AU$0.70, making it the top gainer on the ASX 200.,Production Growth:,Spodumene concentrate production surged over threefold to 88,683 dry metric tonnes in Q2.,Revenue Boost:,Reve...

Insurance Australia Group Shares Hit Multi-Year High as Broker Issues Positive Forecast

January 21, 2025 12:20 PM AEDT| By Team Kalkine Media

Highlights,IAG Hits New High:,Shares of Insurance Australia Group hit a multi-year high of AU$8.74 on Tuesday, marking a 0.81% increase.,Morgan Stanley’s Positive Outlook:,Analyst Andrei Stadnik forecasts continued, though reduced, profit growth and...

ASX 200 Energy Shares Shine: Deep Yellow and Yancoal Surge Following Positive Announcements

January 21, 2025 12:15 PM AEDT| By Team Kalkine Media

Highlights,Deep Yellow Shares Up 2%:,The uranium developer’s strong cash position and positive outlook on global nuclear demand boost investor confidence.,Yancoal Shares Rise 6%:,Coal miner's solid FY 2024 performance and increased cash balance make...

Australian Shares Gain as Miners and Financials Lead the Rally

January 21, 2025 12:12 PM AEDT| By Team Kalkine Media

Highlights,S&P/ASX 200 up 1%:,The index reached 8,433.8, driven by financials and miners.,Inflation Data in Focus:,Investors are awaiting December and Q4 inflation figures next week for signs of interest rate direction.,Miners and Financials Outperfo...

Core Energy Minerals Signs Option Agreements for Two Uranium Projects in South Australia

January 21, 2025 12:07 PM AEDT| By Team Kalkine Media

Highlights,Core Energy acquires options for two uranium projects:,Core Energy has secured binding option agreements to acquire up to 100% interest in the,Cummins,and,Harris Greenstone,uranium projects.,Projects cover over 2,300 km²:,The projects are...

Respiri Acquires Orb Health Inc. to Strengthen U.S. Market Position

January 21, 2025 12:04 PM AEDT| By Team Kalkine Media

Highlights,Acquisition of Orb Health:,Respiri has successfully acquired,Orb Health Inc.,for,US$9 million,in shares, marking a significant milestone in its expansion into the,U.S. connected and chronic care health market,.,Additional investment from O...

South32 (ASX:S32) Outshines December Quarter Production Expectations

January 21, 2025 11:47 AM AEDT| By Team Kalkine Media

Highlights,South32 (,ASX:S,32) posts higher production for,December,quarter.,Aluminium,and copper output exceeds market expectations.,Cannington mine sees a significant boost in zinc, silver, and lead production.,South32 (ASX:S32) shares rose signifi...

Wesfarmers’ Digital Shift: Spotlight on (ASX:WES) as Catch Winds Down

January 21, 2025 11:46 AM AEDT| By Team Kalkine Media

Highlights,Wesfarmers (,ASX:WES,) announces plans to end Catch by FY25.,E-commerce capabilities to be reallocated within the company.,Transition to strengthen omnichannel offerings and customer value.,Wesfarmers (ASX:WES) has made headlines with its...