Newcrest Ticks Up Guidance but Concerns Remain
Newcrest has lifted its gold production guidance slightly along with an increase in output for the March quarter, but warned of continuing concerns here and at its mines in PNG and in Canada.
Read MoreNewcrest has lifted its gold production guidance slightly along with an increase in output for the March quarter, but warned of continuing concerns here and at its mines in PNG and in Canada.
Read MoreInterest rates may be rising around the world but not in Japan, where the central bank has made it very clear they will not be following suit, even in the face of inflationary and currency pressures.
Read MoreTwo updates on Friday from unrelated sectors linked by a common theme as higher costs saw lower profits from online retailer Kogan and private hospital operator Ramsay Health Care.
Read MoreNeutral maintained. Target rises to $18.81 from $18.32.
Read MoreThe broker lowers its target price to $17.90 from $19.10. Hold.
Read MoreA negative post-results briefing from Apple and pointed comments from Amazon about cost and supply problems turned what had been a positive day on US markets into an ugly afterhours rout.
Read MoreAmong the various projects it currently has on the go, Tasmanian-based miner ABx Group is serving up rare earth treats for investors from its four Tasmanian super magnet metals prospects.
Read MoreAMP shares enjoyed their best day for months yesterday after it sold the rest of its asset management business to a New York investment firm in a deal worth at least $462 million.
Read MoreAs Magellan Investment Specialist Michael Collins explains, a market failure means pharmaceutical companies are failing to address the threat of increasingly drug-resistant “Superbugs”.
Read MoreA mixed March quarter production report from Fortescue Metals with high production guidance for the year but also higher costs and a further delay for the Ironbridge magnetite project.
Read MoreColes’ quarterly trading update on Thursday provided a timely confirmation of the ubiquity of rising cost pressures and their upward effect on consumers’ ongoing cost of living.
Read MoreSandfire Resources’ big move into the Spanish base metal sector has produced results straight away with the company now very confident about meeting its updated June 30 estimates.
Read MoreBuy rating retained. Target price rises to $7.90 from $6.73.
Read MoreThe broker assesses the recent sell-off opens up some value and upgrades to Outperform from Neutral. Targets raised to $13.20 from $13.00.
Read MoreNational Australia Bank is now Morgans preferred big four bank exposure and the target price rises to $34 from $30.50. Hold.
Read MorePaul Xiradis, Executive Chair and Chief Investment Officer of Ausbil Investment Management, discusses portfolio positioning in the current climate and the outlook for Australian equities.
Read MoreChanges afoot at both ends of the spectrum with the Commonwealth Bank getting a new chair and retailer The Reject Shop in the market for a new CEO after a surprise departure.
Read MoreIgnore the as-expected high March quarter inflation readings released by the ABS on Wednesday and instead focus on what the Reserve Bank will do with them at its May meeting next week.
Read MoreAMP has sold its real estate and domestic infrastructure equity business to Dexus FM in a deal valued at about $250 million, and is still looking to offload other parts of its shrunken empire.
Read MoreAn upbeat quarterly report from Syrah Resources, which earlier this month moved closer to a $US107 million loan from the US government to help build a key graphite processing plant.
Read MoreMagellan explains how the Swiss giant with a history stretching to 1866 has, under CEO Mark Schneider, used innovation that enhances everyday brands to strengthen its moat.
Read MoreJanus Henderson’s Jay Sivapalan and Dinesh Kuhadas discuss how realistic the market’s cash rate expectations are given the potential for harm to the economy and financial stability.
Read MoreShares in gold miner Northern Star fell more than 5% yesterday as the company missed output forecasts at its flagship Kalgoorlie SuperPit and warned investors of rising production costs.
Read MoreUnderperform maintained. Target is raised to $1.58 from $1.55.
Read MoreThe broker lowers its target price to $6.00 from $6.30. Buy rating retained.
Read MoreThe company has signalled a seasonally lower profit is expected in the Americas in the June half. Neutral maintained. Target is $3.75.
Read MoreOutperform rating and $6 target unchanged.
Read MoreThe broker lowers its 2023 and 2024 EPS estimates due to lower expected production. The price target falls to $32.20 from $32.90. Neutral.
Read MoreWeak US markets, an escalation in concerns about the covid resurgence in China, spotty earnings reports and out-of-control billionaires all make for a fairly uncomfortable Wednesday ASX session.
Read MoreNufarm shares did relatively well yesterday despite revealing a small writedown on the value of its business in Russia and Ukraine while confirming earnings guidance given in February.
Read MoreSome days companies can release bad news into a strong market and get away with it. As United Malt, Bubs Australia and EML Payments all discovered, yesterday was not one of those days.
Read MoreSouth32 maintained its June 30 guidance after strong reports from its alumina, aluminium, nickel and coking coal operations in the March quarter added to the record half year performance.
Read MoreExternal pressures and the market’s bearish mood totally quashed any positive sentiment to be gleaned from upbeat quarterly updates released on Tuesday by Woodside and Beach Energy.
Read MoreMFS explains how commodities can be an important diversifier during periods of higher inflation and why the asset class could be an integral component of multi-asset portfolios.
Read MoreAlphinity IM Portfolio Manager Trent Masters shares his thoughts from the month and the key takeaways from the Morgan Stanley Technology, Media & Telecom conference.
Read MoreHold rating is maintained. The target is reduced to $18.25 from $20.10.
Read MoreThe broker retains its Neutral rating and $17.25 target price.
Read MoreCredit Suisse retains a Neutral rating. Target is steady at $5.40.
Read MoreTuesday wasn’t the best of days to drop bad news on an already unsteady ASX, but payments group EML Payments had no option but to.
Read MoreFrank Poullas – Executive Chairman – Magnis aims to become a leading global producer of next-generation green credentialed Lithium-Ion Battery.
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