FINANCIAL NEWS

ASX Winners And Losers Of Today – 08-10-24

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Oct 08 2024


Australian Broker Call *Extra* Edition – Oct 08, 2024

Extra Edition of the Broker Call Report

Oct 08 2024


BHP Shares Eyeing Return To $50

Michael Gable of Fairmont Equities sees shares in BHP Group returning to $50, yet again

Oct 08 2024


Audinate’s Recurring Revenue Opportunity

Following disappointment in August, new research highlights upside potential from new market opportunities for Audinate Group

Oct 08 2024


Weekly Update On LICs & LITs – 07-Oct-2024

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Oct 08 2024


Macquarie rates ASX as Neutral

Average daily volume on the ASX rose by 10.4% in the September quarter compared to the previous corresponding period

The broker's target rises to $64 from $61. The Neutral rating is kept given Macquarie's concerns around both capex and opex in the medium-term.

Bell Potter rates LKE as Hold

Bell Potter has downgraded lithium price forecasts due to the current supply/demand outlook. The broker anticipates supply deficits will now develop a year later than previously forecast in 2027. Higher incentive prices are expected from 2026.

The broker observes Lake Resources had net cash of $23m at June 30, no debt. Cost outs at the corporate level and project expenditure are anticipated to support funding availability until mid-2025.

Environmental approval for Kachi project is expected in March 2025. The offtake agreement is developing with a strategic partner, the analyst highlights.

No change to Hold rating. Target price falls to 4.8c from 12c.

Citi rates NEM as Buy

In advance of 1Q FY25 results for the Gold sector, Citi remains positive given positive mark-to-market on a rapidly rising gold price.

Should the gold price hold around the current level and companies deliver on guidance, the analysts see plenty of potential share price upside.

The broker forecasts a $3,000/oz Australian dollar gold price in 2025. For the long-term (in US$), the forecast is increased to US$1900/oz for US$1,850/oz.

Citi's top pick in the sector is Evolution Mining, noting a further tailwind from copper which makes up around 30% of total revenue.

For Newmont Corp, the Buy rating and $95 target are maintained.

Click here to see full report

ANALYSIS & DATA

FNARENA'S MARKET CONSENSUS FORECASTS

To display the stock analysis for a company please enter the company code:

ANZ | ANZ GROUP HOLDINGS LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$29.99

07 Oct
2024

0.350

OPEN

$29.82

1.18%

HIGH

$30.14

2,396,800

LOW

$29.71

TARGET
$27.372 -8.7% downside
Franking for last dividend paid out: 65%
FNARENA'S MARKET CONSENSUS FORECASTS
ANZ: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 236.8 224.0 xxx
DPS (cps) xxx 175.0 164.8 xxx
EPS Growth xxx - 5.3% - 5.4% xxx
DPS Growth xxx 20.3% - 5.8% xxx
PE Ratio xxx N/A 13.4 xxx
Dividend Yield xxx N/A 5.5% xxx
Div Pay Ratio(%) xxx 73.9% 73.6% xxx

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DAILY FINANCIAL NEWS

BHP Shares Eyeing Return To $50

Michael Gable of Fairmont Equities sees shares in BHP Group returning to $50, yet again

Oct 08 2024 - Technicals


Following disappointment in August, new research highlights upside potential from new market opportunities for Audinate Group

Oct 08 2024 - Small Caps


Independent Investment Research updates developments in Australia’s listed investment trust and provides comparative data

Oct 07 2024 - Australia


RBA rate hikes have weighed heavily on Australia’s property market, but since a better than expected FY24 result, and the assumption the RBA is soon to cut, brokers believe Charter Hall shares have seen the trough

Oct 07 2024 - Australia


Overviews in raw numbers and calculations that might assist investors with assessing trends and currents that might not be apparent from daily volatility and movements

Oct 05 2024 - Australia


New research on Objective Corp highlights potential share price upside from a suite of products focused on managing increasing data and regulatory burdens for governments and enterprises

Oct 04 2024 - Small Caps


RUDI'S VIEWS

Rudi’s View: AGL, GPT, James Hardie, Qantas, Pilbara & Xero

Updates on stock picker’s favourites and Model Portfolio adjustments

Oct 03 2024

DAILY MARKET REPORTS

ASX Winners And Losers Of Today – 08-10-24

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Oct 08 2024


Australian Broker Call *Extra* Edition – Oct 08, 2024

Extra Edition of the Broker Call Report

Oct 08 2024


The Overnight Report: US Bonds Repricing

A global perspective on what happened overnight

Oct 08 2024


Today’s Financial Calendar – 08-10-2024

Significant Scheduled Events For 08 October, 2024

Oct 08 2024


ASX Winners And Losers Of Today – 07-10-24

The table inside ranks the 20 biggest percentage winners and losers among stocks in the ASX300 at the end of each trading day

Oct 07 2024


The Monday Report – 07 October 2024

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead

Oct 07 2024


Today’s Financial Calendar – 07-10-2024

Significant Scheduled Events For 07 October, 2024

Oct 07 2024


WEEKLY REPORTS

Weekly Update On LICs & LITs – 07-Oct-2024

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Oct 08 2024

Uranium Week: Shorts Versus Growing Demand

By all indications the month of September signaled a reversal in the 2024 “backwardation” trend for the U308 spot price; have the short sellers received the memo?

Oct 08 2024

Australian Listed Real Estate Tables – 07-10-2024

FNArena provides a weekly update of Australian listed real estate trusts (REIT) and property developers, current pricing yield and valuation data

Oct 07 2024


Weekly Ratings, Targets, Forecast Changes – 04-10-24

Weekly update on stockbroker recommendation, target price, and earnings forecast changes

Oct 07 2024

Next Week At A Glance – 7-11 Oct 2024

A brief look at important company events and economic data releases next week

Oct 04 2024

Weekly Top Ten News Stories – 4 October 2024

Our top ten news stories from 26 September 2024 to 03 October 2024

Oct 04 2024


In Case You Missed It – BC Extra Upgrades & Downgrades – 04-10-24

A summary of the highlights from Broker Call Extra updates throughout the week past

Oct 04 2024

In Brief: Collins Food, Domino’s, Guzman y Gomez & Artrya

Weekly Broker Wrap: What’s brewing in the quick service sector; cardiac CT diagnosis company Artrya gets an AI boost; special dividends make a comeback

Oct 04 2024

The Short Report – 03 Oct 2024

FNArena’s weekly update on short positions in the Australian share market

Oct 03 2024


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THE MARKETS

    Click item/line to change chart

  • Australia

    08 October 2024   Updated : 20:12   AEDT

    SPI Overnight

    8233.00

    -4.00

    -0.05%

    NZ50

    12555.990

    -40.880

    -0.320%

    All Ordinaries

    8443.70

    -35.30

    -0.42%

    S&P ASX 200

    8176.90

    -28.50

    -0.35%

    S&P ASX 300

    8118.50

    -29.70

    -0.36%

    Communication Services

    1591.50

    -6.30

    -0.39%

    Consumer Discretionary

    3768.70

    -1.80

    -0.05%

    Consumer Staples

    12336.60

    -18.10

    -0.15%

    Energy

    9425.00

    -90.70

    -0.95%

    Financials

    8164.60

    +11.20

    0.14%

    Health Care

    44848.40

    +334.20

    0.75%

    Industrials

    7377.80

    -6.30

    -0.09%

    Info Technology

    2673.70

    -28.80

    -1.07%

    Materials

    17549.90

    -311.10

    -1.74%

    Real Estate

    4035.80

    +0.20

    0.00%

    Utilities

    9006.00

    +26.10

    0.29%

    A-REITs

    1841.60

    +1.00

    0.05%

    All Technology Index

    3482.60

    -28.70

    -0.82%

    Banks

    3410.90

    +10.30

    0.30%

    Gold Index

    8579.60

    +62.00

    0.73%

    Metals & Mining

    5734.30

    -109.80

    -1.88%

    Click item/line to change chart

  • Australasia

    08 October 2024   Updated : 20:12   AEDT

    AUD/USD

    0.6727

    -0.01

    -0.77%

    AUD/NZD

    1.0990

    -0.01

    -0.51%

    NZD/USD

    0.6122

    0.00

    -0.26%

    AUD/JPY

    99.43

    -1.20

    -1.19%

    SGD/AUD

    1.14

    +0.01

    0.84%

    AUD/EUR

    0.6120

    -0.01

    -1.02%

    AUD/GBP

    0.5137

    0.00

    -0.91%

    AUDCAD

    0.9177

    0.00

    -0.47%

  • World

    08 October 2024   Updated : 20:12   AEDT

    CAD/USD

    0.7329

    0.00

    -0.37%

    EUR/JPY

    162.48

    -0.26

    -0.16%

    EUR/USD

    1.0992

    +0.00

    0.24%

    GBP/USD

    1.3096

    +0.00

    0.11%

    USD/JPY

    147.84

    -0.54

    -0.36%

    Click item/line to change chart

  • World

    08 October 2024   Updated : 20:12   AEDT

    FTSE100

    8196.07

    -107.55

    -1.30%

    DAX30

    18959.98

    -144.12

    -0.75%

    Hang Seng

    20926.79

    -2172.99

    -9.41%

    Nikkei 225

    38937.54

    -395.20

    -1.00%

    DJIA

    41954.24

    -398.51

    -0.94%

    S&P500

    5695.94

    -55.13

    -0.96%

    Nasdaq Comp

    17923.90

    -213.95

    -1.18%

    S&P500 VIX

    22.55

    +3.34

    17.39%

    US 10-year yield

    4.031

    +0.005

    0.120%

    USD Index

    102.49

    -0.03

    -0.03%

  • Aus Stocks

    08 October 2024   Updated : 20:12   AEDT

    Amcor (US)

    11.11

    -0.09

    -0.80%

    Newmont (US)

    52.98

    -0.36

    -0.67%

    Rio Tinto (UK)

    5035.00

    -265.00

    -5.00%

    BHP Group (US)

    60.81

    +0.24

    0.40%

    Rio Tinto (US)

    69.62

    -0.08

    -0.11%

    ResMed (US)

    232.29

    -1.69

    -0.72%

    South32 (UK)

    184.50

    -6.20

    -3.25%

    James Hardie (US)

    37.00

    -0.74

    -1.96%

    Janus Henderson (US)

    38.65

    -0.29

    -0.74%

    Click item/line to change chart

  • Metals & Minerals

    08 October 2024   Updated : 08:01   AEDT

    Gold (oz)

    2662.90

    -10.30

    -0.39%

    Silver (oz)

    31.97

    -0.48

    -1.48%

    Copper (lb)

    4.5533

    -0.01

    -0.31%

    Aluminium (lb)

    1.1947

    -0.01

    -0.48%

    Nickel (lb)

    4.5557

    -3.50

    -43.46%

    Zinc (lb)

    1.4314

    +0.00

    0.15%

    Copper (t)

    9953.00

    -16.00

    -0.16%

    Aluminium (t)

    2655.00

    -13.00

    -0.49%

    Nickel (t)

    17982.00

    +77.00

    0.43%

    Zinc (t)

    3181.00

    +5.00

    0.16%

    Uranium (lb) weekly

    83

    +0.50

    0.61%

    Iron Ore (t)

    112.39

    +3.55

    3.26%

  • Energy

    08 October 2024   Updated : 08:01   AEDT

    West Texas Crude

    77.36

    +2.91

    3.91%

    Brent Crude

    81.10

    +2.96

    3.79%

CALENDAR

Wednesday, 9 October 2024
NZ RBNZ cash rate
AU WBC Consumer Confidence
US Sept FOMC minutes
REA AGM
Thursday, 10 October 2024
JP Sept PPI
US Sept CPI
US Sept PPI
AZJ AGM
NWL Sept qtr trading update
TLC investor briefing
Friday, 11 October 2024
NZ Sept PMI

ALL WEATHER STOCKS

Code Company Price
CAR CAR GROUP LIMITED

$37.17

CSL CSL LIMITED

$292.52

REA REA GROUP LIMITED

$212.00

TNE TECHNOLOGY ONE LIMITED

$24.01

WOW WOOLWORTHS GROUP LIMITED

$32.89

WEEKLY PDF

Stories To Read From FNArena


WEEK 40

WEEK 39

WEEK 38

WEEK 37

WEEK 36

FNARENA TALKS

FNARENA WINDOWS

Window on BULKS

BHP Shares Eyeing Return To $50

Michael Gable of Fairmont Equities sees shares in BHP Group returning to $50, yet again

Oct 08 2024


Window on HARDWARE & EQUIPMENT

Audinate’s Recurring Revenue Opportunity

Following disappointment in August, new research highlights upside potential from new market opportunities for Audinate Group

Oct 08 2024


Window on WEALTH MANAGEMENT & INVESTMENTS

Weekly Update On LICs & LITs – 07-Oct-2024

Weekly update of Listed Investment Companies (LICs) & Listed Investment Trusts (LITs) on the ASX

Oct 08 2024


GEN AI

Dicker Data Preps For PC Refresh Cycle Upswing

Analysts see value in Dicker Data shares based on second quarter momentum and potential upside to PC sales

Sep 17 2024


FEATURE STORIES

Australian Banks: When The End Of The Trend?

Australian banks have run up to historically high valuations, well above expectation. But the tide is beginning to turn, and brokers warn of several factors conspiring to affect a period of bank underperformance

Oct 07 2024