FINANCIAL NEWS
ASX Winners And Losers Of Today – 16-10-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:35 PM
Next Week At A Glance – 19 – 23 Oct 2026
A brief look at important company events and economic data releases next week
11:52 AM
The Disconnect In Baby Bunting’s De-Rating
Baby Bunting’s AGM update largely ticked the financial performance boxes against a challenging consumer environment, but is the stock’s valuation disconnected from its growth outlook?
11:00 AM
Weekly Top Ten News Stories – 16 October 2026
Our top ten news stories from 08 October 2026 to 15 October 2026
10:45 AM
In Case You Missed It – BC Extra Upgrades & Downgrades – 16-10-26
A summary of the highlights from Broker Call Extra updates throughout the week past
10:30 AM
Bell Potter rates CIA as Hold
Champion Iron delivered partial unaudited second quarter results which included production of iron ore concentrate of 3.9mt and revenue of CAD403.9m.
Production was largely in line with expectations and Bell Potter also marks to market iron ore prices for the September quarter, downgrading the outlook for prices by around -5%.
The company expects to ramp up high-grade concentrate production and free cash flow should improve from FY27. Hold rating maintained. Target is reduced to $2.50 from $3.40.
Morgans rates EVN as Hold
Following weaker-than-expected September-quarter gold production, Morgans lowers its target for Evolution Mining by -$1.00 to $13.30. The Hold rating is retained.
Gold production of 154koz missed the consensus expectation by -5%, reflecting power disruptions at Red Lake and Mungari, the analyst explains. Copper production of 18kt exceeded expectations, helping drive all-in sustaining costs (AISC) -10% below consensus.
FY27 guidance is maintained, with production weighted towards the second half as grades and mining volumes improve.
Morgans lowers its gold price forecasts, reducing FY27-FY29 earnings (EBITDA) estimates by -3%-5%. The broker considers Evolution a high-quality gold exposure but fully valued.
Citi rates RIO as Neutral
Citi lowers earnings (EBITDA) forecasts for Rio Tinto by -2% to -6% post the September quarter trading update which broadly met expectations.
Rising costs for the iron business are highlighted as the main factor for the downgrades with iron ore costs expected to come in above $27/t in 2027, the analyst believes.
Copper is also likely to remain challenging arising from Escondida grades, fatality and strikes. Improved performance from Oyu Tolgoi may not be sufficient to offset the impact of lower silver/gold prices, the broker explains.
The possible US$5bn from asset sales by 2026 end could be a positive. Target price falls to $155 from $165. Neutral rating retained.
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ANALYSIS & DATA
FNARENA'S MARKET CONSENSUS FORECASTS
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ANZ | ANZ GROUP HOLDINGS LIMITED
Abbreviated format - see the full version here
| LAST PRICE | CHANGE +/- | CHANGE % | VOLUME |
|---|---|---|---|
$39.01 15 Oct |
OPEN $38.50 |
HIGH $39.31 | 9,036,994 LOW $38.35 |
0.710| TARGET | |||
| $35.922-7.9% downside | |||
| Franking for last dividend paid out: 75% |
| Title | FY24 Actual | FY25 Actual | FY26 Forecast | FY27 Forecast |
|---|---|---|---|---|
| EPS (cps) | xxx | 198.2 | 247.5 | xxx |
| DPS (cps) | xxx | 166.0 | 166.7 | xxx |
| EPS Growth | xxx | - 9.1% | 24.9% | xxx |
| DPS Growth | xxx | 0.0% | 0.4% | xxx |
| PE Ratio | xxx | N/A | 15.7 | xxx |
| Dividend Yield | xxx | N/A | 4.3% | xxx |
| Div Pay Ratio(%) | xxx | 83.8% | 67.3% | xxx |
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DAILY FINANCIAL NEWS
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RUDI'S VIEWS
Rudi’s View: Stocks To Own & Best To Avoid
Strategy updates, model Portfolios and curated lists of Best Buys and stocks to avoid by asset managers and equity strategists
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DAILY MARKET REPORTS
ASX Winners And Losers Of Today – 16-10-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
6:35 PM
The Overnight Report: Yields Lower, Equities Up
A global perspective on what happened overnight
8:48 AM
ASX Winners And Losers Of Today – 15-10-26
The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day
Oct 15 2026
Australian Broker Call *Extra* Edition – Oct 15, 2026
Extra Edition of the Broker Call Report
Oct 15 2026
The Overnight Report: CPI High, Tech Tanks
A global perspective on what happened overnight
Oct 15 2026
WEEKLY REPORTS
Next Week At A Glance – 19 – 23 Oct 2026
A brief look at important company events and economic data releases next week
11:52 AM
Weekly Top Ten News Stories – 16 October 2026
Our top ten news stories from 08 October 2026 to 15 October 2026
10:45 AM
In Case You Missed It – BC Extra Upgrades & Downgrades – 16-10-26
A summary of the highlights from Broker Call Extra updates throughout the week past
10:30 AM
In Brief: Innovaero, Yojee & Elders
In this week’s In Brief, brokers initiate coverage of two small caps in the defence and SaaS sectors, while Elders targets an earnings recovery in 2027
10:00 AM
The Short Report – 15 Oct 2026
FNArena’s weekly update on short positions in the Australian share market
Oct 15 2026
Uranium Week: Shares Down, Outlook Unchanged
Uranium prices remain range-bound amidst quiet activity overall. ASX shares received a shellacking. Industry forecasts remain positive
Oct 13 2026
Weekly Update On LICs & LITs – 13-Oct-2026
Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX
Oct 13 2026
Australian Listed Real Estate Tables – 12-10-2026
FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data
Oct 12 2026
Weekly Ratings, Targets, Forecast Changes – 09-10-26
Weekly update on stockbroker recommendation, target price, and earnings forecast changes
Oct 12 2026
THE MARKETS
Australia
16 October 2026 Updated : 19:12 AEDT
SPI Overnight
8844.00
+93.00
1.06%
NZ50
13753.730
-79.070
-0.570%
All Ordinaries
8940.40
+100.00
1.13%
S&P ASX 200
8806.70
+87.00
1.00%
S&P ASX 300
8715.90
+89.60
1.04%
Communication Services
1536.80
-0.10
-0.01%
Consumer Discretionary
3708.60
+39.10
1.07%
Consumer Staples
13647.30
-73.00
-0.53%
Energy
11069.80
-28.80
-0.26%
Financials
9346.10
-49.30
-0.52%
Health Care
33926.60
+824.10
2.49%
Industrials
7982.10
+70.50
0.89%
Info Technology
1686.60
+89.70
5.62%
Materials
23124.00
+712.70
3.18%
Real Estate
3235.90
-7.70
-0.24%
Utilities
10604.60
+75.90
0.72%
A-REITs
1509.30
-4.20
-0.28%
All Technology Index
2845.90
+119.00
4.36%
Banks
3899.40
-40.20
-1.02%
Gold Index
18085.30
+693.20
3.99%
Metals & Mining
7929.20
+250.10
3.26%
World
16 October 2026 Updated : 19:12 AEDT
CAD/USD
0.7059
+0.00
0.23%
EUR/JPY
177.65
+0.61
0.34%
EUR/USD
1.1240
+0.00
0.20%
GBP/USD
1.3314
+0.01
0.41%
USD/JPY
158.05
+0.23
0.14%
Aus Stocks
16 October 2026 Updated : 19:12 AEDT
Amcor (US)
43.74
+1.44
3.40%
Newmont (US)
115.79
+4.23
3.79%
Rio Tinto (UK)
6726.00
-50.00
-0.74%
BHP Group (US)
82.90
-0.37
-0.44%
Rio Tinto (US)
90.21
-1.04
-1.14%
ResMed (US)
242.23
+6.94
2.95%
South32 (UK)
242.40
+1.40
0.58%
James Hardie (US)
25.90
+1.32
5.37%
Janus Henderson (US)
51.95
-0.02
-0.04%
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CALENDAR
Friday, 16 October 2026
NZ Sep Mfg PMI US Fed Warsh fireside chat with IMF Georgieva US Sep Industrial prod'n AAI Qtrly update AFG AGM GOW ex-div 3c (100%) IMD AGM PRN AGM SLX AGM WMI ex-div 5.35c (100%) Saturday, 17 October 2026
UK BoE Bailey speaks at G30 event Sunday, 18 October 2026
ALL WEATHER STOCKS
Code Company Price CAR CAR GROUP LIMITED 
$23.80REA REA GROUP LIMITED $161.42RMD RESMED INC $34.35TNE TECHNOLOGY ONE LIMITED $31.91WOW WOOLWORTHS GROUP LIMITED 
$41.20WEEKLY PDF
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FNARENA TALKS
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FNARENA WINDOWS
Window on APPAREL & FOOTWEAR
The Disconnect In Baby Bunting’s De-Rating
Baby Bunting’s AGM update largely ticked the financial performance boxes against a challenging consumer environment, but is the stock’s valuation disconnected from its growth outlook?
11:00 AM
Window on FOOD, BEVERAGES & TOBACCO
Guzman y Gomez Defies Sector Pressures
As Australia’s quick-service restaurant sector faces mounting pressures, Guzman y Gomez stands apart through strong sales growth, menu innovation and network expansion
Oct 15 2026
Window on INDUSTRIAL SECTOR CONTRACTORS & ENGINEERS
M&A, Data Centres Lift Southern Cross’ Future
With over a fifty-year track record and a successful history of strategic M&A-led growth, Southern Cross Electrical continues to position itself with a diverse yet complementary services offering
Oct 15 2026
GEN AI
M&A, Data Centres Lift Southern Cross’ Future
With over a fifty-year track record and a successful history of strategic M&A-led growth, Southern Cross Electrical continues to position itself with a diverse yet complementary services offering
Oct 15 2026