Australian Broker Call *Extra* Edition – Jul 27, 2026

This story features AMAERO INC CDI, and other companies.
For more info SHARE ANALYSIS: 3DA
The company is included in ALL-ORDS

An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.

In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.

One key difference is the *Extra* Edition will not be updated daily, but merely “regularly” depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.

Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena’s team of journalists.

Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.

The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.

The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other person. For more vital information about the sources included, see the bottom of this Report.

COMPANIES DISCUSSED IN THIS ISSUE

Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)

3DA   BPT   CWY   FCL   GDG   HUB   JHX   KAR   KMD   LYC   MQG   MYE   PDN (2)   PEN (2)   PPL   PPS   SFR   SHV   SKC   STN   STO   SYR   TAH   TCG   TLX   WGX  

3DA    AMAERO INC CDI

Industrial Sector Contractors & Engineers – Overnight Price: $0.28

Research as a Service (RaaS) rates ((3DA)) as No Rating (-1) –

Amaero CDI has announced a $6.5m contract with the US Department of War to develop alternative refractory alloy powders. The contract is for 13 months and the program is scheduled for completion in August 2027.

The company expects 40% of the revenue to be recognised in the third and fourth quarters of 2026. The objective is to reduce the cost of refractory alloy powders while also reducing dependency on foreign sources for critical raw materials.

Research as a Service (RaaS) maintains forecasts, preferring to wait for audited accounts to update its modelling. Valuation is unchanged at 68c.

Research as a Service doesn’t carry any ratings or targets. Investors can draw conclusions from valuations and commentary.

This report was published on July 24, 2026.

Target price is $0.68 Current Price is $0.28 Difference: $0.405
If 3DA meets the Research as a Service (RaaS) target it will return approximately 147% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Research as a Service (RaaS) forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 2.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 9.82.

Forecast for FY27:

Research as a Service (RaaS) forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 2.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 11.46.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

BPT    BEACH ENERGY LIMITED

Crude Oil – Overnight Price: $0.91

Jarden rates ((BPT)) as Underweight (4) –

Jarden maintains an Underweight rating for Beach Energy with its target price reduced to $0.76 from $0.79 following a June quarter operational update impacted by ongoing teething issues at the Waitsia gas project.

An upward adjustment to the condensate conversion factor enabled the group to deliver production at the lower end of revised guidance.

Net debt performance beat expectations due to delayed restoration expenditure alongside restructured joint venture LNG balancing arrangements with Mitsui.

Scheduled maintenance at Waitsia during September delays evaluation of sustained nameplate production capacity until the December quarter.

The analyst expects an upcoming capital management framework review in August to pivot priority away from dividend distributions towards growth funding.

This report was published on July 23, 2026.

Target price is $0.76 Current Price is $0.91 Difference: minus $0.145 (current price is over target).
If BPT meets the Jarden target it will return approximately minus 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $0.88, suggesting downside of -2.8%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 14.4, implying annual growth of N/A.
Current consensus DPS estimate is 2.8, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 6.3.

Forecast for FY27:

Current consensus EPS estimate is 16.0, implying annual growth of 11.1%.
Current consensus DPS estimate is 4.7, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 5.7.

Market Sentiment: -0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CWY    CLEANAWAY WASTE MANAGEMENT LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $2.36

Jarden rates ((CWY)) as Buy (1) –

Jarden maintains a Buy rating for Cleanaway Waste Management with its target price increased to $3.25 from $3.10 following updated FY26 underlying EBIT guidance of $470m.

The revised underlying EBIT guidance falls at the mid-point of the company’s $460m to $480m target range provided in April and sits slightly above market consensus forecasts of $467m.

While the updated operational guidance largely de-risks FY26 earnings expectations, the analyst notes ongoing investor focus surrounding overall earnings quality and the utilisation of non-recurring adjustments.

Commentary highlights demonstrating sustained improvement in free cash flow generation remains a critical secondary focus area for market participants.

Rolling forward the valuation model underpins the upgraded price target.

This report was published on July 23, 2026.

Target price is $3.25 Current Price is $2.36 Difference: $0.89
If CWY meets the Jarden target it will return approximately 38% (excluding dividends, fees and charges).
Current consensus price target is $2.95, suggesting upside of 25.1%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 10.1, implying annual growth of 43.7%.
Current consensus DPS estimate is 6.8, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 23.4.

Forecast for FY27:

Current consensus EPS estimate is 12.1, implying annual growth of 19.8%.
Current consensus DPS estimate is 8.2, implying a prospective dividend yield of 3.5%.
Current consensus EPS estimate suggests the PER is 19.5.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

FCL    FINEOS CORPORATION HOLDINGS PLC

Cloud services – Overnight Price: $1.80

Moelis rates ((FCL)) as Buy (1) –

Moelis maintains its Buy rating for Fineos Corp with its target price unchanged at $3.20.

First-half free cash flow reached EUR9.9m, while full-year revenue guidance was reaffirmed between EUR147m and EUR152m.

Foreign exchange headwinds in the first half are expected to ease in the second half of 2026, assuming exchange rate stability.

The analyst considers recent share price weakness inconsistent with solid strategic progress, highlighting expanding recurring subscription revenues and key software implementations.

Modest downward adjustments were made to FY26 and FY27 earnings estimates due to higher capitalised R&D expenses and working capital adjustments.

This report was published on July 23, 2026.

Target price is $3.20 Current Price is $1.80 Difference: $1.395
If FCL meets the Moelis target it will return approximately 77% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.73 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 66.12.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 3.24 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 55.68.

This company reports in EUR. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

GDG    GENERATION DEVELOPMENT GROUP LIMITED

Wealth Management & Investments – Overnight Price: $4.34

Moelis rates ((GDG)) as Buy (1) –

Moelis maintains a Buy rating for Generation Development with its target price increased to $6.96 from $6.72 following record fourth-quarter investment bond sales inflows of $442.0m.

Investment bond net inflows reached $340.6m while managed accounts delivered total net flows of $3.5bn, taking closing funds under management across managed accounts to $40.5bn.

Sales exit momentum and strengthening adviser activity point towards a positive growth inflection into FY27.

Favourable legislative policy shifts, including Division 296, are expected to provide long-term structural tailwinds for the investment bond offering.

The analyst incorporates conservative FY27 margin expectations to account for group cost annualisation and incremental growth investments.

This report was published on July 23, 2026.

Target price is $6.96 Current Price is $4.34 Difference: $2.62
If GDG meets the Moelis target it will return approximately 60% (excluding dividends, fees and charges).
Current consensus price target is $6.21, suggesting upside of 43.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 2.00 cents and EPS of 10.40 cents.
At the last closing share price the estimated dividend yield is 0.46%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 41.73.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 10.5, implying annual growth of -9.7%.
Current consensus DPS estimate is 2.3, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 41.3.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 2.00 cents and EPS of 13.20 cents.
At the last closing share price the estimated dividend yield is 0.46%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 32.88.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 13.1, implying annual growth of 24.8%.
Current consensus DPS estimate is 3.3, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 33.1.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

HUB    HUB24 LIMITED

Wealth Management & Investments – Overnight Price: $81.36

Jarden rates ((HUB)) as Buy (1) –

Jarden maintains a Buy rating for Hub24 with its target price increased to $106.50 from $105.80 following fourth-quarter net inflows exceeding initial market expectations despite a soft read-through across industry peers.

Relative flow resilience remains underpinned by structural expansion in superannuation, driven by mandated contributions and competitive roll-overs where superannuation accounts for over 60% of total funds under administration.

Platform market share expanded to 9.9% from 8.6%, leaving the company well positioned to benefit from ongoing structural financial advice tailwinds, the report concludes.

Minor positive earnings revisions prompt the upward revision to the target price.

The analyst emphasises strong gearing towards compulsory superannuation contribution growth as a key driver of sustained market share gains.

This report was published on July 22, 2026.

Target price is $106.50 Current Price is $81.36 Difference: $25.14
If HUB meets the Jarden target it will return approximately 31% (excluding dividends, fees and charges).
Current consensus price target is $102.20, suggesting upside of 25.6%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 160.8, implying annual growth of 63.8%.
Current consensus DPS estimate is 77.2, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 50.6.

Forecast for FY27:

Current consensus EPS estimate is 190.6, implying annual growth of 18.5%.
Current consensus DPS estimate is 94.1, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 42.7.

Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

JHX    JAMES HARDIE INDUSTRIES PLC

Building Products & Services – Overnight Price: $36.92

Jarden rates ((JHX)) as Downgrade to Neutral from Overweight (3) –

Jarden downgrades James Hardie Industries from Overweight to Neutral with its target price increased to $37.60 from $34.20 following a preliminary first-quarter release confirming a strong start to the fiscal year.

Adjusted EBITDA outperformed consensus by 9%, led by Siding and Trim alongside higher collective contributions from APAC, EMEA, and Corporate segments.

The analyst lifts the FY27 EBITDA forecast by 5% to $1.56bn and increases adjusted EPS by 5%, placing estimates above management guidance ranges.

FY28 and FY29 EPS forecasts are reduced by -2% to reflect downside risks to new US construction and higher financing costs.

Fair valuation against historical price-to-earnings averages underpins the rating downgrade to Neutral.

This report was published on July 24, 2026.

Target price is $37.60 Current Price is $36.92 Difference: $0.68
If JHX meets the Jarden target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $37.68, suggesting upside of 2.1%(ex-dividends)

Forecast for FY27:

Current consensus EPS estimate is 171.1, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.6.

Forecast for FY28:

Current consensus EPS estimate is 212.9, implying annual growth of 24.4%.
Current consensus DPS estimate is 25.8, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 17.3.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

KAR    KAROON ENERGY LIMITED

Crude Oil – Overnight Price: $1.79

Jarden rates ((KAR)) as Buy (1) –

Jarden maintains a Buy rating for Karoon Energy with its target price increased to $2.00 from $1.90 following an uneventful quarterly report featuring production of 1.08 mmboe.

Strong oil price realisations drove a revenue beat relative to consensus, supported by robust physical oil demand.

All Bauna wells are back online, and the A1 sidetrack is expected to contribute to a stronger second-half production and free cash flow story.

The analyst notes the company represents an effective play on higher oil prices, benefiting from lower production costs and strong leverage to petroleum market movements.

This report was published on July 24, 2026.

Target price is $2.00 Current Price is $1.79 Difference: $0.21
If KAR meets the Jarden target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $1.78, suggesting downside of -0.6%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 6.89 cents and EPS of 23.75 cents.
At the last closing share price the estimated dividend yield is 3.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.54.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 20.7, implying annual growth of N/A.
Current consensus DPS estimate is 5.3, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 8.6.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 9.97 cents and EPS of 26.98 cents.
At the last closing share price the estimated dividend yield is 5.57%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.63.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 20.2, implying annual growth of -2.4%.
Current consensus DPS estimate is 5.2, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 8.9.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

KMD    KMD BRANDS LIMITED

Sports & Recreation – Overnight Price: $1.43

Jarden rates ((KMD)) as Neutral (3) –

Jarden retains a Neutral rating for KMD Brands with its target price reduced to NZ$2.05 from a 25:1 share consolidation-adjusted NZ$3.25 following a mixed trading update.

Management guided to an FY26 sales decline of -5% year-on-year, alongside pre-IFRS EBITDA between NZ$38m and NZ$41m, representing a 3.8% margin and a 200bps margin expansion.

Net debt projections expanded to between NZ$63m and NZ$66m, reflecting a NZ$12m year-on-year increase driven by working capital requirements despite a recent equity raise.

Whilst Kathmandu brand momentum remains positive, slowing growth at Rip Curl and unfavourable Australian weather conditions continue to weigh on top-line performance, commentary highlights.

The analyst lowers earnings forecasts by -35%, noting the margin recovery thesis remains intact despite broader operational headwinds.

This report was published on July 23, 2026.

Current Price is $1.43. Target price not assessed.

This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

LYC    LYNAS RARE EARTHS LIMITED

Rare Earth Minerals – Overnight Price: $14.79

Canaccord Genuity rates ((LYC)) as Buy (1) –

Canaccord Genuity maintains a Buy rating for Lynas Rare Earths with its target price lowered to $21.00 from $22.00 following the June quarter operational report.

Quarterly NdPr production reached 1.9kt due to temporary ore feed variability and new crusher installations, while higher realised pricing of $98/kg helped offset lower total rare earth oxide sales volumes of 2.9kt.

Capital expenditure for expanded heavy rare earth separation capacity increased to $294m from $180m, driven by tighter customer product specifications and processing equipment supply constraints outside China.

Management firmed up a downstream magnet manufacturing partnership with JS Link involving a $50m equity investment and a long-term rare earth oxide supply arrangement through 2038.

The analyst lowers FY26 earnings estimates and FY27 production projections while reiterating a positive long-term outlook supported by strong closing cash reserves of $1.21bn.

This report was published on July 22, 2026.

Target price is $21.00 Current Price is $14.79 Difference: $6.21
If LYC meets the Canaccord Genuity target it will return approximately 42% (excluding dividends, fees and charges).
Current consensus price target is $17.38, suggesting upside of 17.5%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 22.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 67.23.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 27.7, implying annual growth of 3158.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 53.4.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 63.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.48.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 59.7, implying annual growth of 115.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 24.8.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

MQG    MACQUARIE GROUP LIMITED

Wealth Management & Investments – Overnight Price: $255.04

Jarden rates ((MQG)) as Buy (1) –

Jarden maintains a Buy rating for Macquarie Group with an unchanged target price of $250.00 following the annual general meeting and first-quarter update.

The broker comments trading conditions across divisions remained satisfactory during the June quarter, matching previous earnings expectations.

Management announced the planned retirement of CEO Shemara Wikramanayake, who will be succeeded by current Banking and Financial Services Head Greg Ward.

The division continues to capture market share through digitised offerings, while Macquarie Asset Management has exited low-margin public markets to redirect capital into private markets.

The report concludes Commodities and Global Markets remains well positioned to capture secular growth across global energy and resources complexes.

This report was published on July 24, 2026.

Target price is $250.00 Current Price is $255.04 Difference: minus $5.04 (current price is over target).
If MQG meets the Jarden target it will return approximately minus 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $254.76, suggesting downside of -0.1%(ex-dividends)
The company’s fiscal year ends in March.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 871.00 cents and EPS of 1415.20 cents.
At the last closing share price the estimated dividend yield is 3.42%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.02.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1274.0, implying annual growth of -0.2%.
Current consensus DPS estimate is 792.5, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 20.0.

Forecast for FY28:

Jarden forecasts a full year FY28 dividend of 982.00 cents and EPS of 1588.10 cents.
At the last closing share price the estimated dividend yield is 3.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.06.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1335.5, implying annual growth of 4.8%.
Current consensus DPS estimate is 809.5, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 19.1.

Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

MYE    MASTERMYNE GROUP LIMITED

Mining Sector Contracting – Overnight Price: $0.45

Research as a Service (RaaS) rates ((MYE)) as No Rating (-1) –

Mastermyne Group has reported FY26 revenue of $237.7m and underlying EBITDA of $20.3m. Both items are ahead of guidance ranges flagged in the May update, Research as a Service (RaaS) notes.

The analysts point out a strong second half performance was driven by elevated strata consolidation activity and favourable market conditions. The order book stood at $432m as of 30 June 2026. Management has flagged broad-based strength across the business.

Valuation of 41c is maintained. Research as a Service (RaaS) research does not carry ratings or recommendations. Investors can draw conclusions from the valuation and commentary.

This report was published on July 23, 2026.

Target price is $0.41 Current Price is $0.45 Difference: minus $0.04 (current price is over target).
If MYE meets the Research as a Service (RaaS) target it will return approximately minus 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company’s fiscal year ends in June.

Forecast for FY26:

Research as a Service (RaaS) forecasts a full year FY26 EPS of 3.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.16.

Forecast for FY27:

Research as a Service (RaaS) forecasts a full year FY27 EPS of 3.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.50.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

PDN    PALADIN ENERGY LIMITED

Uranium – Overnight Price: $9.68

Canaccord Genuity rates ((PDN)) as Buy (1) –

Canaccord Genuity maintains a Buy rating for Paladin Energy with a $15.40 target price following strong fourth-quarter operational performance at the Langer Heinrich mine in Namibia.

Full-year FY26 production reached 4.82Mlb, exceeding management guidance, while sales of 4.34Mlb at realised prices of US$70/lb generated closing cash reserves of US$265m.

Management set FY27 production guidance of 5.1Mlb to 5.6Mlb, featuring a second-half operational weighting driven by scheduled first-half plant maintenance.

Regulatory progress at Patterson Lake South remains on track following confirmation from Canadian nuclear authorities regarding the sufficiency of the construction licence application.

The analyst considers Paladin’s trading discount relative to Canadian uranium developer peers excessive given the growth optionality provided by Patterson Lake South and the new Atlas discovery.

This report was published on July 22, 2026.

Target price is $15.40 Current Price is $9.68 Difference: $5.72
If PDN meets the Canaccord Genuity target it will return approximately 59% (excluding dividends, fees and charges).
Current consensus price target is $12.38, suggesting upside of 27.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.84 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 200.04.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -1.5, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 10.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 90.43.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 51.8.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

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Shaw and Partners rates ((PDN)) as Buy (1) –

Shaw and Partners maintains a Buy rating for Paladin Energy with a $19.10 target price following strong June quarter operational performance at the Langer Heinrich mine.

Fourth-quarter uranium production reached 1.23Mlb to bring full-year FY26 output to 4.83Mlb, slightly beating revised guidance and generating US$98m in quarterly operating cash flow.

Management set FY27 production guidance of 5.1Mlb to 5.6Mlb at an operating cost of US$44/lb to US$48/lb, aligning with consensus expectations.

Progress at Patterson Lake South remains encouraging following a binding term sheet with the Birch Narrows Dene Nation, sufficiency status for the Construction Licence application, and a high-grade discovery at Atlas.

The analyst considers recent share price weakness below $10.00 an excellent buying opportunity to gain exposure to a quality uranium producer in its strongest position since recapitalising in 2021.

This report was published on July 24, 2026.

Target price is $19.10 Current Price is $9.68 Difference: $9.42
If PDN meets the Shaw and Partners target it will return approximately 97% (excluding dividends, fees and charges).
Current consensus price target is $12.38, suggesting upside of 27.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 10.26 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 94.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -1.5, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY27:

Shaw and Partners forecasts a full year FY27 dividend of 7.20 cents and EPS of 55.72 cents.
At the last closing share price the estimated dividend yield is 0.74%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.37.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 51.8.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

PEN    PENINSULA ENERGY LIMITED

Uranium – Overnight Price: $0.24

Canaccord Genuity rates ((PEN)) as Speculative Buy (1) –

Canaccord Genuity maintains a Speculative Buy rating for Peninsula Energy with its target price lowered to $0.80 from $0.90 following the withdrawal of 2026 production guidance.

The analyst highlights that persistent wellfield gassing issues at Mine Unit 4 within the Lance uranium project reflect a worse-than-anticipated operational outcome, prompting further downgrades to 2026 and 2027 production estimates.

Operations are being reprioritised away from the structurally flawed Mine Unit 1 and Mine Unit 3 towards Mine Unit 4, where the execution of optimisations such as hydrogen peroxide management and flow monitoring remains critical to underwriting future production profiles.

Despite near-term challenges and a forecast cash burn of -US$4m to -US$5m per month, net cash stands at US$47.1m, and the asset’s scale and uncontracted status preserve substantial latent value within a strategically supportive US domestic supply environment, commentary concludes.

This report was published on July 23, 2026.

Target price is $0.80 Current Price is $0.24 Difference: $0.555
If PEN meets the Canaccord Genuity target it will return approximately 227% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 7.04 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 3.48.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 0.29 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 83.62.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

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Shaw and Partners rates ((PEN)) as Buy (1) –

Shaw and Partners retains a Buy rating for Peninsula Energy with its target price reduced to $0.81 from $1.93 following the withdrawal of 2026 uranium production guidance at the Lance project.

Early commissioning delays involving precipitation circuit agitators and pipeline gas build-up interrupted short-term production, though 2027 output expectations of 500klb to 600klb remain intact.

Applying a -50% discount to the discounted cash flow model captures temporary operational uncertainty whilst the company resolves wellfield flow constraints at Mine Unit 4.

Balance sheet liquidity remains strong, supported by US$47.1m in cash alongside a US$56m equity and convertible debt funding package.

The analyst considers current share price weakness an attractive entry point to acquire a highly strategic US domestic uranium asset trading at a heavy discount to North American peers.

This report was published on July 24, 2026.

Target price is $0.81 Current Price is $0.24 Difference: $0.565
If PEN meets the Shaw and Partners target it will return approximately 231% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 3.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 7.00.

Forecast for FY27:

Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 2.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.65.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

PPL    PUREPROFILE LIMITED

Software & Services – Overnight Price: $0.03

Research as a Service (RaaS) rates ((PPL)) as No Rating (-1) –

Pureprofile has reported a 10% increase in June quarter revenue, to $16.9m, and with Australasian revenue growing 15% to $9.3m. Platform revenue, which is higher margin and recurring, was $19.3m for FY26, up 74%.

Research as a Service (RaaS) notes the company closed FY26 with cash of $6.8m and term debt of $2.5m, placing the business in its strongest net cash position in recent years.

Valuation of $0.12 is unchanged. Research as a Service (RaaS) research doesn’t carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary.

This report was published on July 24, 2026.

Target price is $0.12 Current Price is $0.03 Difference: $0.087
If PPL meets the Research as a Service (RaaS) target it will return approximately 264% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Research as a Service (RaaS) forecasts a full year FY26 EPS of 29.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 0.11.

Forecast for FY27:

Research as a Service (RaaS) forecasts a full year FY27 EPS of 32.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 0.10.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

PPS    PRAEMIUM LIMITED

Wealth Management & Investments – Overnight Price: $0.66

Moelis rates ((PPS)) as Buy (1) –

Moelis maintains a Buy rating for Praemium with its target price increased to $1.19 from $1.18 following softer fourth-quarter platform net flows of $316m.

Closing platform funds under administration expanded to $34.0bn, supported by $1.5bn in favourable market movements, while total platform assets reached $43.9bn.

Multi-year non-custodial enterprise renewals were secured with Morgan Stanley Wealth Management and JB Were, strengthening the core institutional footprint.

Management reaffirmed $9m per annum in structural technology cost savings for FY27 alongside expected efficiency gains from an internal organisational restructure.

The analyst anticipates new client onboarding and retail superannuation product enhancements will deliver a material earnings acceleration.

This report was published on July 23, 2026.

Target price is $1.19 Current Price is $0.66 Difference: $0.53
If PPS meets the Moelis target it will return approximately 80% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 2.50 cents and EPS of 3.50 cents.
At the last closing share price the estimated dividend yield is 3.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.86.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 3.30 cents and EPS of 4.90 cents.
At the last closing share price the estimated dividend yield is 5.00%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.47.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SFR    SANDFIRE RESOURCES LIMITED

Copper – Overnight Price: $18.52

Jarden rates ((SFR)) as Underweight (4) –

Jarden maintains an Underweight rating for Sandfire Resources with a $15.50 target price following the release of the June quarter disclosure and initial FY27 operational guidance.

FY27 copper-equivalent production guidance is established between 150kt and 166kt, accompanied by directionally higher cost assumptions that prompt modest opex increases.

FY26 financial results delivered a solid beat, with unaudited EBITDA reaching US$867m and net cash improving to US$353m on robust cash conversion and working capital releases.

The final FY26 dividend is forecast to lift by 50% to 15.0c per share.

The analyst notes the stock is trading at a premium to valuation, prompting the retention of an Underweight stance whilst remaining alert to more attractive entry points.

This report was published on July 24, 2026.

Target price is $15.50 Current Price is $18.52 Difference: minus $3.02 (current price is over target).
If SFR meets the Jarden target it will return approximately minus 16% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $18.73, suggesting upside of 1.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 21.99 cents and EPS of 162.76 cents.
At the last closing share price the estimated dividend yield is 1.19%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.38.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 104.0, implying annual growth of N/A.
Current consensus DPS estimate is 19.2, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 17.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 58.65 cents and EPS of 227.27 cents.
At the last closing share price the estimated dividend yield is 3.17%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.15.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 153.3, implying annual growth of 47.4%.
Current consensus DPS estimate is 47.5, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 12.1.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SHV    SELECT HARVESTS LIMITED

Agriculture – Overnight Price: $4.41

Jarden rates ((SHV)) as Upgrade to Overweight from Neutral (2) –

Jarden upgrades its rating for Select Harvests to Overweight from Neutral with its target price increased to $4.70 from $4.10, citing an improving earnings outlook.

Narrowing consensus forecast gaps and a resumed uptrend in almond prices support the rating change, while the share price has remained broadly flat despite the execution of a 1% stock buyback under a broader 10% buyback program.

Following a 69% EPS growth rebound in FY26, the analyst projects further EPS growth of 8% in FY27.

Holding spot almond prices in FY27 presents an estimated 17% upside risk to EPS forecasts, all else equal.

Valuation is seen as undemanding with shares trading at 11x one-year forward P/E, in line with book value and well below an estimated net asset market value of $5.38 per share.

This report was published on July 21, 2026.

Target price is $4.70 Current Price is $4.41 Difference: $0.29
If SHV meets the Jarden target it will return approximately 7% (excluding dividends, fees and charges).

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SKC    SKYCITY ENTERTAINMENT GROUP LIMITED

Gaming – Overnight Price: $0.52

Jarden rates ((SKC)) as Overweight (2) –

Jarden maintains an Overweight rating for SkyCity Entertainment with a NZ$0.85 target price following the execution of a non-binding heads of agreement for the sale of The Grand Hotel.

Net proceeds from the transaction are estimated between NZ$180m and NZ$200m based on recent Auckland commercial property benchmarks.

Capital proceeds will be directed toward debt reduction to enhance balance sheet flexibility amid prevailing market conditions.

Finalising the sale alongside recent divestments of the 99 Albert Street office building and Victoria Street investment properties positions the company ahead of its asset sales target of approximately NZ$200m.

The analyst views ongoing asset monetisation momentum as a key driver of structural balance sheet de-risking.

This report was published on July 23, 2026.

Target price is $0.85 Current Price is $0.52 Difference: $0.33
If SKC meets the Jarden target it will return approximately 63% (excluding dividends, fees and charges).

This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

STN    SATURN METALS LIMITED

Gold & Silver – Overnight Price: $0.45

Canaccord Genuity rates ((STN)) as Buy (1) –

Canaccord Genuity maintains a Speculative Buy rating for Saturn Metals with a $0.95 target price following the grant of Mining Lease M31/496 for the Apollo Hill gold project in Western Australia.

The 11,700ha mining lease secures key land tenure to support planned infrastructure and potential future expansions ahead of a definitive feasibility study due later in 2026.

The permitting milestone follows an executed Native Title agreement alongside a 26% mineral resource upgrade to 174Mt at 0.51g/t gold for 2.83Moz, with Measured and Indicated categories comprising 77% of the inventory.

Base case modelling projects a 14-year open-pit heap leach operation processing 10Mtpa to recover 1.17Moz at an all-in sustaining cost of $3,355/oz on initial capital expenditure of $500m.

The analyst notes the secured tenure and enhanced resource confidence substantially de-risk the development pathway ahead of a final investment decision expected within six to nine months.

This report was published on July 22, 2026.

Target price is $0.95 Current Price is $0.45 Difference: $0.5
If STN meets the Canaccord Genuity target it will return approximately 111% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents.

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

STO    SANTOS LIMITED

NatGas – Overnight Price: $7.97

Jarden rates ((STO)) as Overweight (2) –

Jarden maintains an Overweight rating for Santos with its target price increased to $7.90 from $7.65 following the June quarter operational report.

The quarter featured additional commissioning challenges, particularly at Barossa, which combined with liquefied natural gas cargo timing to drive a negative free cash flow print of -US$5m.

Despite these near-term hurdles, the analyst anticipates a sharp operational turnaround and higher sustained free cash flow generation exceeding US$1.3bn in the second half of 2026, driven by the ongoing ramp-up of Barossa and Pikka.

This report was published on July 24, 2026.

Target price is $7.90 Current Price is $7.97 Difference: minus $0.07 (current price is over target).
If STO meets the Jarden target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $8.20, suggesting upside of 2.9%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 47.65 cents and EPS of 47.80 cents.
At the last closing share price the estimated dividend yield is 5.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.67.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 68.2, implying annual growth of N/A.
Current consensus DPS estimate is 34.6, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 11.7.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 48.68 cents and EPS of 62.02 cents.
At the last closing share price the estimated dividend yield is 6.11%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.85.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 62.2, implying annual growth of -8.8%.
Current consensus DPS estimate is 44.3, implying a prospective dividend yield of 5.6%.
Current consensus EPS estimate suggests the PER is 12.8.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SYR    SYRAH RESOURCES LIMITED

New Battery Elements – Overnight Price: $0.11

Jarden rates ((SYR)) as Underweight (4) –

Jarden maintains an Underweight rating for Syrah Resources with an unchanged target price of $0.10 following a “very weak” operational quarter at the Balama project.

Production fell to 2kt as the operation ran in campaign mode only, whilst graphite sales of 6.5kt were supported by a 5kt drawdown in finished product inventory.

2026 Balama production guidance was revised downward to between 60kt and 80kt amid softer ex-China natural graphite demand and new supply competition from Mozambique.

The analyst reduces 2026 and 2027 Balama production forecasts and lowers EBITDA estimates accordingly.

Unrestricted cash closed at $31m, bolstered by net proceeds from a recent equity raising, whilst commercial active anode material sales from Vidalia remain targeted for the second half of 2026.

This report was published on July 24, 2026.

Target price is $0.10 Current Price is $0.11 Difference: minus $0.01 (current price is over target).
If SYR meets the Jarden target it will return approximately minus 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company’s fiscal year ends in December.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 5.72 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 1.92.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 3.67 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 3.00.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TAH    TABCORP HOLDINGS LIMITED

Gaming – Overnight Price: $0.88

Jarden rates ((TAH)) as Overweight (2) –

Jarden maintains an Overweight rating for Tabcorp Holdings with a $1.05 target price ahead of the company’s FY26 financial results announcement.

The analyst lifts near-term EPS estimates by 7%-10%, driven by higher projected group revenue and EBITDA growth of 1% and 7% year-on-year from stabilising racing trends and a reset cost base.

Retail monetisation is progressing constructively despite a net -7% reduction in venue count foregoing -$38m of gross revenue, as terminal-fee streams of $50m and digital in-venue turnover provide offsets.

Digital active user growth is expected to return in the second half of FY26, although impact from the FIFA World Cup remains muted given the racing-skewed book.

Commentary suggests management’s announced nationalisation of three tote pools offers potential execution upside, while current model estimates omit incremental tote or retail-model benefits.

This report was published on July 21, 2026.

Target price is $1.05 Current Price is $0.88 Difference: $0.175
If TAH meets the Jarden target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $1.05, suggesting upside of 19.8%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 3.0, implying annual growth of 87.5%.
Current consensus DPS estimate is 2.4, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 29.3.

Forecast for FY27:

Current consensus EPS estimate is 3.6, implying annual growth of 20.0%.
Current consensus DPS estimate is 3.0, implying a prospective dividend yield of 3.4%.
Current consensus EPS estimate suggests the PER is 24.4.

Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TCG    TURACO GOLD LIMITED

Gold & Silver – Overnight Price: $0.57

Canaccord Genuity rates ((TCG)) as Speculative Buy (1) –

Canaccord Genuity maintains a Speculative Buy rating for Turaco Gold with a $1.35 target price following encouraging deep drilling results beneath the Woulo Woulo deposit at the Afema gold project in Cote d’Ivoire.

Drilling intersected mineralisation 250m below previous testing and 600m below surface, highlighted by a standout intercept of 100m at 1.06g/t gold from 495m featuring higher-grade intervals up to 4m at 6.94g/t gold.

The findings follow a pre-feasibility study outlining a maiden Ore Reserve of 1.9Moz and a 2.3Moz mine plan supporting average gold production of 196kozpa over a 10-year mine life.

The analyst notes the confirmation of broad mineralisation well beneath the current pit shell creates a pathway for resource growth ahead of the definitive feasibility study expected in mid-2027.

Higher-grade intersections at depth support potential evaluation of an expanded open pit or a future underground development scenario to enhance overall project economics.

This report was published on July 23, 2026.

Target price is $1.35 Current Price is $0.57 Difference: $0.78
If TCG meets the Canaccord Genuity target it will return approximately 137% (excluding dividends, fees and charges).
Current consensus price target is $1.09, suggesting upside of 91.8%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -1.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -1.1, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TLX    TELIX PHARMACEUTICALS LIMITED

Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $14.66

Jarden rates ((TLX)) as Buy (1) –

Jarden maintains a Buy rating for Telix Pharmaceuticals with its target price lowered to $21.10 from $21.80 following the release of the 2Q26 sales update.

Group revenue rose 7% quarter-on-quarter to US$247m, driven by a 9% quarter-on-quarter expansion across the precision medicine franchise to US$202m.

Full-year FY26 revenue guidance is tracking to the top end of the US$950m to US$970m target range, supported by 7% volume growth across US Illucix and Gozellix doses.

A one-off US$40m other income payment received during 2Q26 will be largely redeployed into research and development outlays.

The analyst emphasises an ever-increasing product pipeline and a catalyst-rich narrative underpinning ongoing growth prospects.

This report was published on July 22, 2026.

Target price is $21.10 Current Price is $14.66 Difference: $6.44
If TLX meets the Jarden target it will return approximately 44% (excluding dividends, fees and charges).
Current consensus price target is $26.23, suggesting upside of 78.9%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 5.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 252.8.

Forecast for FY27:

Current consensus EPS estimate is 26.7, implying annual growth of 360.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 54.9.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

WGX    WESTGOLD RESOURCES LIMITED

Gold & Silver – Overnight Price: $4.62

Canaccord Genuity rates ((WGX)) as Buy (1) –

Canaccord Genuity maintains a Buy rating for Westgold Resources with its target price lowered to $7.20 from $7.25 following the release of the June quarter operational report.

Group gold production reached 99koz at an all-in sustaining cost of $3,220/oz including ore purchase agreement expenses, matching consensus expectations on strong Murchison output.

The Bluebird underground mine exceeded forecast run rates while operations at Beta Hunt fell slightly short of projections due to deferred toll treatment parcels, though ventilation upgrades are anticipated to support a 2Mtpa run rate by the December 2026 quarter.

Cash and bullion reserves expanded by $75m to reach $779m, underpinning total available liquidity of $1.54bn.

The analyst revised FY27 production projections to 403koz at an all-in sustaining cost of $3,148/oz, resulting in a -1% decrease in forecast underlying free cash flow to $398m.

This report was published on July 22, 2026.

Target price is $7.20 Current Price is $4.62 Difference: $2.58
If WGX meets the Canaccord Genuity target it will return approximately 56% (excluding dividends, fees and charges).
Current consensus price target is $7.80, suggesting upside of 68.8%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 7.00 cents and EPS of 51.00 cents.
At the last closing share price the estimated dividend yield is 1.52%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.06.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 66.9, implying annual growth of 1637.7%.
Current consensus DPS estimate is 8.0, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 6.9.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 7.00 cents and EPS of 59.00 cents.
At the last closing share price the estimated dividend yield is 1.52%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.83.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 85.1, implying annual growth of 27.2%.
Current consensus DPS estimate is 12.7, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 5.4.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

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Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don’t have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.

This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

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