Stocks
Jefferies Downgrades Mineral Resources’ (ASX: MIN) Price Target Amidst Rising Debt Concerns
July 29, 2024 06:09 PM AEST| By Team Kalkine MediaAnalysts at Jefferies have revised their price target for Australia’s Mineral Resources (ASX: MIN), lowering it to AU$55 from AU$60. Despite maintaining a "hold" rating on the stock, the brokerage has expressed significant concerns regarding the lith...
Jefferies Analysts Forecast Qantas Airways (ASX:QAN) to Resume Dividends and Continue Buybacks Amid Positive Outlook
July 29, 2024 06:07 PM AEST| By Team Kalkine MediaIn a recent analysis, Jefferies analysts have expressed optimism about Qantas Airways’ financial trajectory, suggesting that the Australian airline can resume dividend payouts and sustain share buybacks while maintaining its capital expenditure plans...
Why Are These Shares Underperforming Despite Positive Market Momentum?
July 29, 2024 02:43 PM AEST| By Team Kalkine MediaAs the new week begins, the S&P/ASX 200 Index is demonstrating positive momentum, rising 0.76% to 7,981.30 points by the afternoon. Despite this broad market uplift, several ASX-listed shares are experiencing declines. Here’s a closer look at two not...
Why Are These SmallCap Shares On Rise Today?
July 29, 2024 02:25 PM AEST| By Team Kalkine MediaAs the new trading week unfolds, the S&P/ASX 200 Index is enjoying a strong performance, rising 0.9% to reach 7,989.9 points by the afternoon. Among the standout performers in today’s market are three ASX-listed shares that are gaining significant tr...
JB Hi-Fi’s (ASX: JBH) Share Price Tumbles on Monday Following UBS’ Revised Outlook
July 29, 2024 02:10 PM AEST| By Team Kalkine MediaShares of Australia's JB Hi-Fi (ASX: JBH) have experienced a notable decline on Monday, dropping by 1.6% to reach a one-week low of AU$66.23. This downturn follows a downgrade by UBS, which has shifted its recommendation on the retailer’s stock from...
Why Is Share Price of Challenger (ASX:CGF) On The Rise Today?
July 29, 2024 02:03 PM AEST| By Team Kalkine MediaShares of Challenger Limited (ASX:CGF) have seen a modest uptick recently, with the stock rising by as much as 2.42% to reach AU$6.98. The surge in CGF's share price follows a positive upgrade from Citi, which has shifted its recommendation on the in...
This ASX Stock Projects a 10% Dividend Yield
July 29, 2024 12:22 PM AEST| By Team Kalkine MediaHeadlines:,High,Dividend Yields,:,Accent Group Ltd (ASX: AX1) is expected to offer,substantial,dividend returns, with estimates,indicating,a fully franked yield of 7.2% for FY25 and a grossed-up yield of up to 12.8% by FY28.,Strong,Retail Performance...
Australian Shares Up Nearly 1% on Strength of Miners and Banks
July 29, 2024 11:56 AM AEST| By Team Kalkine MediaHighlights:,Australian,Shares Up 0.9%,:,The S&P/ASX 200 index rose 0.9% to 7,994.1 points, led by gains in mining and banking stocks.,Mining,and Banking Boost,:,Rio Tinto (ASX: RIO) and BHP Group (ASX: BHP) climbed 1.4% and 0.8%, respectively, while...
ASX to Drive Growth with New Carbon and Gas Futures Contracts
July 29, 2024 11:07 AM AEST| By Team Kalkine MediaHeadlines,New,Futures Contracts:,The ASX is debuting carbon futures this week, including contracts for ACCUs and New Zealand units, with gas futures to follow next month.,Enhanced,ACCU Trading:,The ASX is collaborating with the Clean Energy Regulator...
Chinese Rare Earths Giant Plans Expansion into Australia
July 29, 2024 11:04 AM AEST| By Team Kalkine MediaHeadlines:,Shenghe's,Expansion Plans:,Chinese rare earths company,Shenghe,Resources is planning to set up an office in Australia, aiming to advance its local interests despite the Albanese government's resistance to increased Chinese investment in th...
Liontown Resources(ASX:Ltr) Shares Climb 5% Following Strong Quarterly Update
July 29, 2024 10:37 AM AEST| By Team Kalkine MediaHeadlines:,Price,Up:,Liontown,Resources shares rose,nearly 5%,to $1.01 after a strong quarterly update.,Project,Progress:,The Kathleen Valley Lithium Project is over 95% complete, with key milestones met and mining on schedule.,Funding,Secured:,The c...
PEP Bankers Prepare for $1B+ Sale of Guardian Childcare and Education; Bidding Underway
July 29, 2024 09:54 AM AEST| By Team Kalkine MediaPacific Equity Partners (PEP) has submitted a non-binding indicative offer for Partners Group’s Guardian Childcare and Education, initiating a thorough review of the $110 million-a-year business’s future prospects.,Street Talk reveals that PEP, a $11...
Aussie Gold Miners Achieve Strongest Quarter Yet
July 26, 2024 07:13 PM AEST| By Team Kalkine MediaAustralian gold producers are reporting record sales as the bullion spot price surged to an all-time high of US$2,483.63 during the second quarter of the year. The weakening Australian dollar has contributed to higher local gold prices, benefiting go...
Regis Resources (ASX:RRL) Shares Drop as Analysts Adjust Price Targets
July 26, 2024 05:23 PM AEST| By Team Kalkine MediaShares of Regis Resources Ltd (ASX:RRL) fell as much as 3.4% to AU$1.66. This decline came amidst a backdrop of revised forecasts and concerns over the company's rising costs.,Analysts at Citi have trimmed their price target for Regis Resources, redu...
Don’t Miss Out: Discover Why SOL and REA Are Must-Watch ASX Shares
July 26, 2024 05:17 PM AEST| By Team Kalkine MediaWashington H. Soul Pattinson & Company Ltd and REA Group Ltd are notable,ASX value stocks,, each excelling in their respective fields. While Washington H. Soul Pattinson has shown modest share price growth and maintains a strong focus on dividends, R...
ASX Mining Shares Struggle Despite Broader Market Rally
July 26, 2024 04:56 PM AEST| By Team Kalkine MediaWhile the S&P/ASX 200 Index enjoyed a positive Friday, up 0.76% to 7,921.30 points, several ASX shares are failing to follow suit. Here’s a closer look at why four notable stocks are facing declines despite the broader market’s upward trend.,Bellevue...
ASX Shares Surge as S&P/ASX 200 Index Rebounds
July 26, 2024 04:35 PM AEST| By Team Kalkine MediaThe S&P/ASX 200 Index experienced a notable rebound on Friday, climbing 0.76% to 7,921.30 points. The overall market uptrend is driven by several standout performers, with two ASX shares leading the charge with impressive gains. Here’s a closer look...
Insurance Australia Group (ASX:IAG) Outperforms ASX 200 in 2024
July 26, 2024 04:18 PM AEST| By Team Kalkine MediaInsurance Australia Group Ltd (ASX:IAG) has demonstrated a stellar performance in 2024, significantly outperforming the broader market. While the S&P/ASX 200 Index (ASX: XJO) has posted a modest gain of 3.5% this year, IAG's share price has surged ov...
Monadelphous Group’s (ASX:MND) Shares Surge on New Contract Win
July 26, 2024 04:14 PM AEST| By Team Kalkine MediaShares of Monadelphous Group Ltd (ASX:MND) have experienced a notable uptick, rising as much as 2% to AU$12.82 on Friday. If these gains are sustained, the stock is poised for its best trading day since July 9.,The recent rally in Monadelphous Group’...
Cochlear (ASX:COH) Announces Key Changes to Executive Team
July 26, 2024 03:50 PM AEST| By Team Kalkine MediaCochlear Limited (ASX:COH), a global leader in implantable hearing solutions, has announced significant changes to its executive team as part of its strategic leadership transition. These changes reflect the company’s commitment to maintaining its gr...
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