Australian Broker Call *Extra* Edition – May 13, 2025

This story features AUCKLAND INTERNATIONAL AIRPORT LIMITED, and other companies. For more info SHARE ANALYSIS: AIA

The company is included in ASX200, ASX300 and 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)

AIA   ANZ   AUB   AUE   AVC   BOL   CAY   CCP   CNB   CTM   CY5   HLO   IMD   JBH   JHX   KLS   LNW   MDR   MM8   MPL   NEC   NEM   NEU   NHF   NWS   OML   ORI   PNI   QAL   REA   REG   RKN   RXL   SDV   SKC   SYL   TCG   TPW (2)   TTM   USL   WTC   ZIP  

AIA    AUCKLAND INTERNATIONAL AIRPORT LIMITED

Infrastructure & Utilities – Overnight Price: $7.29

Jarden rates ((AIA)) as Neutral (3) –

Jarden retains a Neutral rating on Auckland International Airport and lowers its target price to NZ$7.75 from NZ$7.95, citing lower long-term volume forecasts and increased interest expense.

The broker believes recent regulatory concerns around the second till (second runway) are overstated. Jarden’s benchmarking also suggests the company’s car parking charges are competitive relative to city rates and other airports.

The airport’s updated masterplan delays the second runway to FY38 from FY28, reflecting deferred passenger growth and capex, with domestic volumes expected to rise modestly faster than international, suggests Jarden.

This report was published on May 6, 2025.

Current Price is $7.29. Target price not assessed.
Current consensus price target is N/A
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 12.13 cents and EPS of 17.32 cents.
At the last closing share price the estimated dividend yield is 1.66%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 42.08.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.6, implying annual growth of N/A.
Current consensus DPS estimate is 12.4, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 41.6.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 12.76 cents and EPS of 18.05 cents.
At the last closing share price the estimated dividend yield is 1.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 40.38.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.8, implying annual growth of 1.1%.
Current consensus DPS estimate is 12.7, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 41.1.

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

ANZ    ANZ GROUP HOLDINGS LIMITED

Banks – Overnight Price: $29.21

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

ANZ reported 1H25 cash profit of $3,568m, up by 12% half-on-half and marginally ahead of consensus due to lower bad debts, explains Jarden.

The net interest margin (NIM) declined -2bps to 1.56%, impacted by deposit pricing and institutional loan growth, while other income fell by -7% due to lower card and insurance-related fees, highlight the analysts.

Loan volumes rose by 3% and deposits by 6% with operating expenses worse by -4% including the Suncorp Bank acquisition, though improved by 1% excluding.

Credit quality deteriorated modestly with impaired assets rising due to restructured mortgages, though the broker sees limited risk given strong collateralisation. 

Jarden lowers EPS estimates across FY25-FY27 by -2-3% due to higher costs, lower NIM and reduced fee income. The bank is considered structurally undervalued, trading at a -40% discount to peers, with scope for improvement under new CEO Nuno Matos.

Jarden retains an Overweight rating and lowers the target price to $30.00 from $30.50.

This report was published on May 8, 2025.

Target price is $30.00 Current Price is $29.21 Difference: $0.79
If ANZ meets the Jarden target it will return approximately 3% (excluding dividends, fees and charges).
Current consensus price target is $27.42, suggesting downside of -4.4%(ex-dividends)
The company’s fiscal year ends in September.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 166.00 cents and EPS of 227.80 cents.
At the last closing share price the estimated dividend yield is 5.68%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.82.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 227.7, implying annual growth of 4.5%.
Current consensus DPS estimate is 164.0, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 12.6.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 166.00 cents and EPS of 232.30 cents.
At the last closing share price the estimated dividend yield is 5.68%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.57.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 222.0, implying annual growth of -2.5%.
Current consensus DPS estimate is 162.8, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 12.9.

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

AUB    AUB GROUP LIMITED

Insurance – Overnight Price: $33.87

Goldman Sachs rates ((AUB)) as Buy (1) –

Goldman Sachs maintains a Buy rating on AUB Group and keeps the $37 price target unchanged following an upgrade to FY25 guidance.

The company now expects UNPAT to be toward the top end of its $190200m range, around 3% above consensus.

The uplift is attributed to trading momentum, likely from profit commissions, acquisitions, and FX benefit, though Goldman assumes little of this flows into FY26.

Forecasts for 2H25 EPS have been raised by 2.1%, with minor reductions made to FY26 and FY27 estimates. DPS forecasts have been lifted.

The broker highlights AUB’s defensive model, limited underwriting risk, and M&A-driven upside.

This report was published on May 8, 2025.

Target price is $37.00 Current Price is $33.87 Difference: $3.13
If AUB meets the Goldman Sachs target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $35.76, suggesting upside of 6.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 91.00 cents and EPS of 170.00 cents.
At the last closing share price the estimated dividend yield is 2.69%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.92.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 160.8, implying annual growth of 28.0%.
Current consensus DPS estimate is 92.0, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 21.0.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 104.00 cents and EPS of 187.00 cents.
At the last closing share price the estimated dividend yield is 3.07%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.11.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 181.3, implying annual growth of 12.7%.
Current consensus DPS estimate is 104.5, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 18.6.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

AUE    AURUM RESOURCES LIMITED

Gold & Silver – Overnight Price: $0.48

Petra Capital rates ((AUE)) as Buy (1) –

Aurum Resources announced a strategic $35.6m placement at 35.6c/share to the Lundin Family, Zhaojin Mining, and Montage Gold, each taking material stakes of 9.9%, 8.5%, 9.9% ,respectively, with the balance allocated to other investors.

Petra Capital says this strengthens the company’s capital position ahead of advancing the Boundiali (BD) and Napie gold projects in Cote d’Ivoire and highlights rising corporate interest in West African gold assets.

The funds will accelerate resource drilling, feasibility studies, and permitting work at BD, with production targeted from FY30. 

Post-raise cash and shares are estimated by the broker at $45m, with quarterly burn at circa -$5m. 

Petra Capital lowers the price target to $0.95 from $1.02 due to modeled dilution, and retains a Buy rating.

This report was published on May 8, 2025.

Target price is $0.95 Current Price is $0.48 Difference: $0.47
If AUE meets the Petra Capital target it will return approximately 98% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 16.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.00.

Forecast for FY26:

Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 21.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 2.27.

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

AVC    PIER 12 CAPITAL LIMITED

Wealth Management & Investments – Overnight Price: $0.50

Canaccord Genuity rates ((AVC)) as No Rating (-1) –

Following voluntary delisting from the ASX, Canaccord Genuity is ceasing coverage of Pier 12 Capital (previously Auctus Investment Group).

This report was published on May 7, 2025.

Current Price is $0.50. Target price not assessed.

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

BOL    BOOM LOGISTICS LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $1.49

Taylor Collison rates ((BOL)) as Outperform (2) –

Boom Logistics reported 3Q25 revenue of $65m, up 8% on a year earlier with strong windfarm activity and improved asset utilisation driving growth.

Taylor Collison notes operational net profit after tax rose to $1.8m (vs $0.4m), bringing year-to-date profit growth to 62%.

Management reiterated FY25 guidance with the Clarke Creek windfarm scope expanded 33%.

The Board confirmed FY25 buyback of $2m is complete and plans an 80/20 split between further buybacks and unfranked dividends, implying to the analyst around $3.9m capital return in FY26.

Capex is easing and all new assets are now deployed, with gearing at 44% in line with targets. Taylor Collison maintains an Outperform rating.

This report was published on May 5, 2025.

Current Price is $1.49. Target price not assessed.
The company’s fiscal year ends in June.

Forecast for FY25:

Taylor Collison forecasts a full year FY25 dividend of 0.00 cents and EPS of 21.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.87.

Forecast for FY26:

Taylor Collison forecasts a full year FY26 dividend of 2.00 cents and EPS of 29.50 cents.
At the last closing share price the estimated dividend yield is 1.34%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.05.

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

CAY    CANYON RESOURCES LIMITED

Aluminium, Bauxite & Alumina – Overnight Price: $0.22

Canaccord Genuity rates ((CAY)) as Initiation of coverage with Speculative Buy (1) –

Canaccord Genuity initiates coverage of Canyon Resources with a Speculative Buy rating.

The company’s flagship project is Minim-Martap bauxite in Cameroon which holds over 1bn tonnes in resources, including a high-grade component of 500Mt at 48.8% alumina with low silica (2.6%).

All ogf the above, the broker comments, places Minim-Martap among the highest-quality undeveloped bauxite deposits globally.

Management plans first production in 2026, using existing rail infrastructure to the Port of Douala. Infrastructure upgrades are underway, including a strategic 9.1% stake in rail operator Camrail and secured port land access.

The broker notes development capex is estimated at -US$266m, with -US$124m in rolling stock funding from major shareholder Eagle Eye Asset Holdings and additional project finance in progress.

Canaccord Genuity forecasts production reaching 2.6Mtpa by 2028, with estimated earnings (EBITDA) of $166m and strong cash generation. 

This report was published on May 5, 2025.

Target price is $0.35 Current Price is $0.22 Difference: $0.13
If CAY meets the Canaccord Genuity target it will return approximately 59% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 220.00.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.02 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 1100.00.

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

CCP    CREDIT CORP GROUP LIMITED

Business & Consumer Credit – Overnight Price: $13.48

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

Canaccord Genuity highlights Credit Corp’s 3Q25 update showed an increase in US debt buying opportunity, partially offset by subdued conditions in Australia/NZ.

The US business is on track to generate 20% of the group’s FY25 net profit, and the broker expects it to increase to 25% in FY26.

Gearing remained below 30% and productivity rose, with year-to-date average productivity per hour rising to $330, up 10% y/y.

The company reiterated FY25 net profit guidance of $90-100m, which aligns with the broker’s forecast of $94m.

Buy. Target unchanged at $20.60.

This report was published on May 8, 2025.

Target price is $20.60 Current Price is $13.48 Difference: $7.12
If CCP meets the Canaccord Genuity target it will return approximately 53% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 69.00 cents and EPS of 138.00 cents.
At the last closing share price the estimated dividend yield is 5.12%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.77.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 77.00 cents and EPS of 152.00 cents.
At the last closing share price the estimated dividend yield is 5.71%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.87.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CNB    CARNABY RESOURCES LIMITED

Mining – Overnight Price: $0.32

Moelis rates ((CNB)) as Buy (1) –

Moelis notes Carnaby Resources reported a quiet 3Q25 activities report ahead of its key pre-feasibility study for the Greater Duchess copper project.

The broker notes cash at quarter-end was $17.6m, ahead of expectations due to lower exploration spend and deferred Trekelano acquisition payments.

Drilling has commenced at Trekelano, and tranche 2 placement proceeds of $4.2m were received during the period.

The upcoming PFS is expected to materially upgrade the 2023 scoping study, incorporating a toll treatment deal with Glencore and the Trekelano acquisition.

Moelis anticipates average copper production of 16ktpa over the first three years, with annual earnings (EBITDA) of around $70m, free cash flow of circa $50m, and a project net present value of $226m.

Buy rating and 80c target retained.

This report was published on May 11, 2025.

Target price is $0.80 Current Price is $0.32 Difference: $0.485
If CNB meets the Moelis target it will return approximately 154% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 3.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 8.29.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 6.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 4.92.

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

CTM    CENTAURUS METALS LIMITED

Nickel – Overnight Price: $0.36

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

Centaurus Metals published the outcome of the Jaguar value engineering process for the Jaguar nickel sulphide project, aimed at boosting the economics shown in the July 2024 feasibility study.

Canaccord Genuity notes the report optimised and downsized the ore reserve but improved the grade by 7%. Production estimates for the first seven years were higher than previous mine plans, while capex cost for the 3.5mtpa plan was expected to be 2% higher than before.

Overall, the broker was pleased with the project derisking reflected in the outcome. Next step is project funding and potential strategic investments.

Speculative Buy. Target unchanged at 80c.

This report was published on May 8, 2025.

Target price is $0.80 Current Price is $0.36 Difference: $0.435
If CTM meets the Canaccord Genuity target it will return approximately 119% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 45.63.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 26.07.

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

CY5    CYGNUS METALS LIMITED

Gold & Silver – Overnight Price: $0.08

Canaccord Genuity rates ((CY5)) as Speculative Buy (1) –

Canaccord Genuity notes Cygnus Metals intersected two high-grade gold zones within the same hole at the Golden Eye target in the Chibougamau Cu-Au Project in Canada.

Assays are pending for several holes and will be used along with historic data for 77 holes to complete an initial mineral resource estimate in the coming months.

Speculative Buy. Target unchanged at 30c.

This report was published on May 8, 2025.

Target price is $0.30 Current Price is $0.08 Difference: $0.221
If CY5 meets the Canaccord Genuity target it will return approximately 280% (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

HLO    HELLOWORLD TRAVEL LIMITED

Travel, Leisure & Tourism – Overnight Price: $1.58

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

On May 8, Helloworld downgraded FY25 earnings (EBITDA) guidance by around -8% to $52-56m, reflecting weaker-than-expected outbound demand, explains Jarden.

The broker notes Helloworld joins Flight Centre Travel ((FLT)) and Corporate Travel Management ((CTD)) in cutting forecasts amid macro and geopolitical uncertainty.

Cruise bookings remain a bright spot, notes Jarden, up by about 40% year-on-year, while domestic and New Zealand sales are flat to modestly lower. 

Forward bookings are strong, particularly for the Americas and cruise segments, which carry higher margins, points out the broker.

The company’s share price continues to lag peers, suggesting to the analysts potential upside if market share improves

Jarden retains an Overweight rating and keeps the target price unchanged at $2.61.

This report was published on May 8, 2025.

Target price is $2.61 Current Price is $1.58 Difference: $1.03
If HLO meets the Jarden target it will return approximately 65% (excluding dividends, fees and charges).
Current consensus price target is $2.18, suggesting upside of 34.6%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 EPS of 15.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.00.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.8, implying annual growth of -7.2%.
Current consensus DPS estimate is 14.3, implying a prospective dividend yield of 8.8%.
Current consensus EPS estimate suggests the PER is 9.1.

Forecast for FY26:

Jarden forecasts a full year FY26 EPS of 16.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.81.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 19.0, implying annual growth of 6.7%.
Current consensus DPS estimate is 11.5, implying a prospective dividend yield of 7.1%.
Current consensus EPS estimate suggests the PER is 8.5.

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

IMD    IMDEX LIMITED

Mining Sector Contracting – Overnight Price: $2.83

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

Imdex’s 3Q25 revenue of $100.1m missed Canaccord Genuity’s forecast of $104m, but the broker highlights it shows sequential improvement.

The latest quarter was also impacted by weather conditions in NSW and Queensland, and political instability in West Africa.

The broker estimates the 4Q revenue will improve to a 1% y/y rise, from -1% y/y decline in 3Q. The analyst has a positive view on exploration spend despite S&P forecasting flat to modestly lower global exploration budget in 2025.

Minor cuts to FY25 and FY26 EPS forecasts. Buy. Target unchanged at $3.04.

This report was published on May 6, 2025.

Target price is $3.04 Current Price is $2.83 Difference: $0.21
If IMD meets the Canaccord Genuity target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $2.89, suggesting upside of 0.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 3.60 cents and EPS of 9.20 cents.
At the last closing share price the estimated dividend yield is 1.27%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 30.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.3, implying annual growth of 46.2%.
Current consensus DPS estimate is 3.0, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 31.1.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 4.10 cents and EPS of 11.60 cents.
At the last closing share price the estimated dividend yield is 1.45%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.40.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 11.2, implying annual growth of 20.4%.
Current consensus DPS estimate is 3.4, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 25.8.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

JBH    JB HI-FI LIMITED

Consumer Electronics – Overnight Price: $103.08

Goldman Sachs rates ((JBH)) as Sell (5) –

Goldman Sachs maintains a Sell rating on JB Hi-Fi and nudges the price target up slightly to $74.00 from $73.90 following its 3Q25 trading update.

Group sales forecasts were largely unchanged, with slightly stronger performance in JBH Australia offset by weaker trends in JBH New Zealand and The Good Guys. EBIT forecasts for FY2527 were adjusted marginally higher by 0.10.2%. 

The broker continues to see downside risk given stretched valuation and expects JB Hi-Fi to face headwinds from slowing discretionary spending.

EPS forecasts were raised fractionally across FY2527, but the investment thesis and valuation remain unchanged.

This report was published on May 8, 2025.

Target price is $74.00 Current Price is $103.08 Difference: minus $29.08 (current price is over target).
If JBH meets the Goldman Sachs target it will return approximately minus 28% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $95.66, suggesting downside of -7.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 281.00 cents and EPS of 431.00 cents.
At the last closing share price the estimated dividend yield is 2.73%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.92.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 429.2, implying annual growth of 6.9%.
Current consensus DPS estimate is 307.2, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 24.0.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 300.00 cents and EPS of 460.00 cents.
At the last closing share price the estimated dividend yield is 2.91%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.41.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 457.6, implying annual growth of 6.6%.
Current consensus DPS estimate is 312.0, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 22.5.

Market Sentiment: 0.1
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: $38.42

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

James Hardie faces a tougher near-term US backdrop amid soft housing data and peer downgrades, prompting Jarden to cut its FY25 adjusted earnings (EBITDA) forecasts by -1%.

While management projections remain intact, the firm now confronts tariff-related demand risks and increased competition, especially from Louisiana Pacific and its siding product expansion.

The proposed Azek merger materially shifts Hardie’s risk profile, note the analysts, creating greater exposure to the US housing cycle, as well as increasing financial leverage and integration complexity.

Despite initial optimism, the broker believes Hardie shareholders bear disproportionate short-term risk, reflected in a post-deal share price decline of more than -20%.

Long-term, Jarden sees potential upside if the R&R market recovers and synergies are delivered. 

The broker maintains an Overweight rating and lowers the target price to $44 from $45.

This report was published on May 8, 2025.

Target price is $44.00 Current Price is $38.42 Difference: $5.58
If JHX meets the Jarden target it will return approximately 15% (excluding dividends, fees and charges).
Current consensus price target is $50.91, suggesting upside of 28.9%(ex-dividends)
The company’s fiscal year ends in March.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 227.04 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.92.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 253.3, 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 15.6.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 189.51 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.27.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 276.4, implying annual growth of 9.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 14.3.

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

KLS    KELSIAN GROUP LIMITED

Transportation & Logistics – Overnight Price: $3.04

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

Kelsian Group’s third quarter earnings were in line with Canaccord Genuity’s forecast, with EBITDA of $78m.

Management reiterated FY25 guidance for earnings of between $283-295m, but indicated the outcome would likely land at the lower end.

Leverage improved, highlights the broker, supported by an earnings uplift and -$32m net debt reduction.

The analyst remains positive on the stock given recent share price weakness. The 4Q is expected to benefit from Bankstown rail replacement and the All Aboard America! Holdings, Inc. (AAAHI) ramp-up.

Canaccord retains a Buy rating on Kelsian Group with a $5.60 target price.

This report was published on May 7, 2025.

Target price is $5.60 Current Price is $3.04 Difference: $2.56
If KLS meets the Canaccord Genuity target it will return approximately 84% (excluding dividends, fees and charges).
Current consensus price target is $4.30, suggesting upside of 36.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 17.00 cents and EPS of 33.00 cents.
At the last closing share price the estimated dividend yield is 5.59%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.21.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 33.1, implying annual growth of 54.2%.
Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 9.5.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 18.00 cents and EPS of 36.00 cents.
At the last closing share price the estimated dividend yield is 5.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.44.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 37.2, implying annual growth of 12.4%.
Current consensus DPS estimate is 21.0, implying a prospective dividend yield of 6.7%.
Current consensus EPS estimate suggests the PER is 8.4.

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

LNW    LIGHT & WONDER INC

Gaming – Overnight Price: $131.96

Jarden rates ((LNW)) as Buy (1) –

Light & Wonder reported 1Q25 adjusted earnings (EBITDA) of US$311m, at the low end of guidance and slightly below the consensus forecast, observes Jarden.

Revenue growth of 2% was underwhelming, suggests the broker, though margin expansion and operating discipline supported double-digit earnings growth.

Gaming segment margins rose to 51.3%, with strong Outright Sales in North America, according to the analysts, and modest recovery in Gaming Ops installs.

SciPlay delivered weaker revenue due to continued pressure from Jackpot Party, although margins improved on stronger direct-to-consumer (DTC) sales, explains Jarden.

iGaming revenue also missed the broker’s expectations, though margins improved to 35.1% after exiting loss-making Live Casino operations.

Jarden cuts its 12-month target price to $189 from $197 and retains a Buy rating.

This report was published on May 9, 2025.

Target price is $189.00 Current Price is $131.96 Difference: $57.04
If LNW meets the Jarden target it will return approximately 43% (excluding dividends, fees and charges).
Current consensus price target is $197.20, suggesting upside of 42.5%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 855.41 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.43.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 810.1, implying annual growth of 41.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 17.1.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 1036.92 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.73.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 987.1, implying annual growth of 21.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 14.0.

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

MDR    MEDADVISOR LIMITED

Healthcare services – Overnight Price: $0.10

Moelis rates ((MDR)) as Hold (3) –

Moelis retains a Hold rating on MedAdvisor and a price target of 11c, following a 3Q25 update and a non-binding proposal to acquire the company’s A&NZ segment.

The indicative $35m offer (plus up to $7.35m earn-out) is seen as attractive and would imply a 1.76x EV/sales multiple for A&NZ.

Commentary also highlights trading in the quarter was soft, with group revenue down -49% vs the prior year, driven by delayed program launches in the US and fewer health programs in A&NZ.

Moelis has downgraded FY2627 EPS forecasts by -26% and -32%, citing US market uncertainty and execution risks tied to a major cost-out and technology refresh.

While FY25 guidance was re-affirmed, including revenue of $9399m and EBITDA of -$2.6m to -$5.5m, the broker sees limited upside near term absent a favourable outcome in the US strategic review.

This report was published on May 9, 2025.

Target price is $0.11 Current Price is $0.10 Difference: $0.011
If MDR meets the Moelis target it will return approximately 11% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 1.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 5.21.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.75.

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

MM8    MEDALLION METAL LIMITED

Gold & Silver – Overnight Price: $0.23

Petra Capital rates ((MM8)) as Buy (1) –

Medallion Metals reported new high-grade RC drill results at the Gem deposit.

 Petra Capital says this supports the potential to extend mine life at Kundip Mining Centre beyond the 5.5 years in the scoping study, with a resource update due in the June quarter.

The company continues to progress its binding agreement with IGO Ltd ((IGO)), along with bankable feasibility study, due December 2025, permitting and financing.

Petra Capital maintains its Buy rating and $0.43 target price, with valuation supported by forecast production of 69koz gold equivalent per annum at all-in-sustaining-costs of $1,912/oz.

This report was published on May 9, 2025.

Target price is $0.43 Current Price is $0.23 Difference: $0.195
If MM8 meets the Petra Capital target it will return approximately 83% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 29.37.

Forecast for FY26:

Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 16.79.

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

MPL    MEDIBANK PRIVATE LIMITED

Insurance – Overnight Price: $4.75

Jarden rates ((MPL)) as Neutral (3) –

Jarden raises its target price to $4.45 from $4.30 for Medibank Private and retains a Neutral rating, suggesting the earnings outlook is now reflected in the share price.

Medibank’s unit growth in the resident segment matched system growth in the March quarter, with accelerating momentum in the non-resident segment, highlight the analysts.  

Claims inflation appears to be easing, aided by softer extras claims, favourable age mix, and in-line hospital indexation, explains the broker, though the guidance range of 2.4-2.6% for FY25 remains unchanged.

Jarden raises its FY25-FY27 EPS forecasts by up to 4.1%, citing stronger unit growth and reduced claims pressures, while adjusting 2H25 unit growth expectations to 2% for residents and 15% for non-residents.

This report was published on May 6, 2025.

Target price is $4.45 Current Price is $4.75 Difference: minus $0.3 (current price is over target).
If MPL meets the Jarden target it will return approximately minus 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.67, suggesting upside of 0.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 17.80 cents and EPS of 22.30 cents.
At the last closing share price the estimated dividend yield is 3.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.30.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 22.3, implying annual growth of 24.7%.
Current consensus DPS estimate is 17.4, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 20.9.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 18.70 cents and EPS of 23.10 cents.
At the last closing share price the estimated dividend yield is 3.94%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.56.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.5, implying annual growth of 5.4%.
Current consensus DPS estimate is 18.6, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 19.8.

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

NEC    NINE ENTERTAINMENT CO. HOLDINGS LIMITED

Print, Radio & TV – Overnight Price: $1.54

Goldman Sachs rates ((NEC)) as Buy (1) –

Goldman Sachs remains Buy-rated on Nine Entertainment and notes 3Q TV ad revenue growth of 8% aligns with previous guidance, but the company was more cautious on the 4Q outlook despite a temporary uplift from election spending.

Metro Publishing earnings were revised up due to strong digital ad sales and cost control, while outlooks for Stan and Domain Holdings Australia ((DHG)) remain unchanged.

Forecast FY25-27 EBITDA was cut by -1% to -2%, and the price target reduced by 3% to $1.75. EPS forecasts have also been lowered slightly.

This report was published on May 8, 2025.

Target price is $1.75 Current Price is $1.54 Difference: $0.205
If NEC meets the Goldman Sachs target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $1.82, suggesting upside of 18.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 7.00 cents and EPS of 9.40 cents.
At the last closing share price the estimated dividend yield is 4.53%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.44.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.7, implying annual growth of 41.2%.
Current consensus DPS estimate is 6.5, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 15.9.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 9.00 cents and EPS of 12.00 cents.
At the last closing share price the estimated dividend yield is 5.83%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.88.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 13.1, implying annual growth of 35.1%.
Current consensus DPS estimate is 9.5, implying a prospective dividend yield of 6.2%.
Current consensus EPS estimate suggests the PER is 11.8.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

NEM    NEWMONT CORPORATION REGISTERED

Gold & Silver – Overnight Price: $80.85

Goldman Sachs rates ((NEM)) as Buy (1) –

Goldman Sachs maintains a Buy rating on Newmont Corp with a price target of $93.40. The broker considers the stock as undervalued relative to peers.

Joint venture performance at Nevada Gold Mines and Pueblo Viejo came in broadly in line with the broker’s expectations for 1Q 2025. The analyst believes there is upside value to the Fruta del Norte stake. 

Management guided to 2025 group production of 5.6Moz with tier-1 assets contributing over 5.5Moz and all-in-sustaining-costs (AISC) expected to average US$1,575/oz.

Commentary highlights Newmont has US$6bn in liquidity, supported by net debt of US$3.2bn and limited repayments in the next three to five years, enabling capital returns including US$0.75bn in buybacks year-to-date.

Goldman Sachs expects Newmont to remain the more defensive large-cap gold exposure among Australian-listed peers.

This report was published on May 9, 2025.

Target price is $93.40 Current Price is $80.85 Difference: $12.55
If NEM meets the Goldman Sachs target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $94.60, suggesting upside of 21.1%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 153.82 cents and EPS of 753.73 cents.
At the last closing share price the estimated dividend yield is 1.90%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.73.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 672.5, implying annual growth of N/A.
Current consensus DPS estimate is 157.5, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 11.6.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 153.82 cents and EPS of 864.48 cents.
At the last closing share price the estimated dividend yield is 1.90%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.35.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 673.8, implying annual growth of 0.2%.
Current consensus DPS estimate is 159.0, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 11.6.

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

NEU    NEUREN PHARMACEUTICALS LIMITED

Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $12.02

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

Canaccord Genuity looked into the 1Q25 Daybue sales from Neuren Pharmaceuticals’ marketing partner Acadia’s result, noting sales of US$84.6m missed its US$85.1m forecast.

The broker is taking comfort from Acadia’s FY25 reiteration of full-year sales guidance, which implies growth in coming quarters. Other relevant metrics were considered solid, including patient growth, expansion in field force, and uptake by community pediatricians.

Also positive was no change indicated in the expected EU approval timing for Daybue. Buy. Target unchanged at $28.12.

This report was published on May 8, 2025.

Target price is $28.12 Current Price is $12.02 Difference: $16.1
If NEU meets the Canaccord Genuity target it will return approximately 134% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 17.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 70.71.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 61.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.70.

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

NHF    NIB HOLDINGS LIMITED

Insurance – Overnight Price: $6.91

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

Jarden retains an Overweight rating on Nib Holdings and raises the target price to $7.20 from $6.95, citing margin strength in the Australian health insurance (ARHI) segment.

Despite persistent inflation in New Zealand, management reaffirmed FY25 guidance, which Jarden interprets as confidence in ARHI offsetting regional weaknesses.

The broker forecasts ARHI gross margins will rise to 17.7% in FY25, with net margins expected to reach 7.3% on the back of benign claims inflation and cost-out benefits.

ARHI unit sales momentum is strong, highlights Jarden, with management noting the highest sales in a decade despite premium increases.

In contrast, Jarden sharply downgrades expectations for the New Zealand business due to claims inflation of 26% and projected 2H25 losses, revising FY25 NZ earnings to -$14m from $9m prior.

This report was published on May 6, 2025.

Target price is $7.20 Current Price is $6.91 Difference: $0.29
If NHF meets the Jarden target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $6.89, suggesting upside of 0.6%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 28.00 cents and EPS of 36.40 cents.
At the last closing share price the estimated dividend yield is 4.05%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.98.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 41.8, implying annual growth of 9.1%.
Current consensus DPS estimate is 27.4, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 16.4.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 31.00 cents and EPS of 45.00 cents.
At the last closing share price the estimated dividend yield is 4.49%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.36.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 46.1, implying annual growth of 10.3%.
Current consensus DPS estimate is 30.3, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 14.9.

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

NWS    NEWS CORPORATION

Print, Radio & TV – Overnight Price: $51.74

Goldman Sachs rates ((NWS)) as Buy (1) –

News Corp’s 3Q25 result beat Goldman Sachs’ forecasts, with the main highlight being an acceleration in Dow Jones revenue. The company pointed to slower 4Q growth for DJ Consumer, but the broker expects underlying momentum to remain strong.

Revenue growth in the Professional Information Business improved and the company expects double-digit growth in the risk and compliance, and energy businesses.

FY25 EBITDA forecast lifted by 1% and FY26 by 1.2%.

Buy. Target price $61.

This report was published on May 11, 2025.

Target price is $61.00 Current Price is $51.74 Difference: $9.26
If NWS meets the Goldman Sachs target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is $65.50, suggesting upside of 26.7%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 EPS of 140.59 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 36.80.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 133.2, implying annual growth of N/A.
Current consensus DPS estimate is 39.2, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 38.8.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 EPS of 165.67 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 31.23.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 160.6, implying annual growth of 20.6%.
Current consensus DPS estimate is 39.2, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 32.2.

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

OML    OOH!MEDIA LIMITED

Out of Home Advertising – Overnight Price: $1.65

Goldman Sachs rates ((OML)) as Neutral (3) –

Goldman Sachs has kepts its Neutral rating for oOh!Media, with the broker noting revenue growth guidance remains robust with 2Q expected to match 1Q’s 13% growth, supported by new contract wins and improving market share.

FY25 revenue growth has been lifted to 10% (from 8%) and FY2527 EBITDA forecasts by 3%.

The price target has been raised by 3% to $1.55.

This report was published on May 13, 2025.

Target price is $1.55 Current Price is $1.65 Difference: minus $0.1 (current price is over target).
If OML meets the Goldman Sachs target it will return approximately minus 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company’s fiscal year ends in December.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 7.00 cents and EPS of 13.50 cents.
At the last closing share price the estimated dividend yield is 4.24%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.22.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 7.00 cents and EPS of 15.10 cents.
At the last closing share price the estimated dividend yield is 4.24%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.93.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ORI    ORICA LIMITED

Mining Sector Contracting – Overnight Price: $17.98

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

Orica delivered a strong 1H25 result, in Jarden’s view. Underlying earnings (EBIT) up by over 30% to $472m, driven by favourable pricing and mix in Blasting Solutions, observes the broker, despite volume weakness in North America and the LatAm region.

Core EPS of 51c was up by 33% and exceeded the consensus forecasts by 10%, highlight the analysts, supported by firm cost control and strong margin performance across key segments.

The Blasting Solutions segment has been nominated as the standout, posting $435m in earnings, up by 29%, largely from price/mix tailwinds and improved unit profitability, particularly in the APAC region.

While volume headwinds persist, the broker expects price/mix benefits to continue driving earnings through FY26. Free cash flow remains robust, allowing for capital returns including a $400m buyback and rising dividends, point out the analysts.

Jarden raises its target price to $19.70 from $17.90 and maintains an Overweight rating.

This report was published on May 9, 2025.

Target price is $19.70 Current Price is $17.98 Difference: $1.72
If ORI meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $21.81, suggesting upside of 20.1%(ex-dividends)
The company’s fiscal year ends in September.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 56.20 cents and EPS of 106.90 cents.
At the last closing share price the estimated dividend yield is 3.13%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.82.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 106.8, implying annual growth of -3.5%.
Current consensus DPS estimate is 56.2, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 17.0.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 64.30 cents and EPS of 120.70 cents.
At the last closing share price the estimated dividend yield is 3.58%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.90.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 118.8, implying annual growth of 11.2%.
Current consensus DPS estimate is 62.6, implying a prospective dividend yield of 3.4%.
Current consensus EPS estimate suggests the PER is 15.3.

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

PNI    PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED

Wealth Management & Investments – Overnight Price: $19.51

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

Jarden raises its target price for Pinnacle Investment Management to $22.60 from $22.05 and retains an Overweight rating, citing strong flows, funds under management (FUM growth), and a robust earnings outlook.

March quarter net inflows of $6.2bn (16% annualised) exceeded both Jarden and consensus expectations, with Australian institutional flows particularly strong at $2.6bn.

FUM rose to $159.9bn, up 1.4% versus Jarden’s estimate, with LifeCycle FUM surging to $4.7bn from $1bn in the prior quarter.

Despite market concerns, 74% of performance fee-eligible FUM is at or near high watermark levels, indicating to Jarden resilience. 

This report was published on May 6, 2025.

Target price is $22.60 Current Price is $19.51 Difference: $3.09
If PNI meets the Jarden target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $22.80, suggesting upside of 8.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 58.40 cents and EPS of 62.60 cents.
At the last closing share price the estimated dividend yield is 2.99%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 31.17.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 64.2, implying annual growth of 40.1%.
Current consensus DPS estimate is 56.4, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 32.6.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 61.80 cents and EPS of 63.90 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 30.53.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 70.7, implying annual growth of 10.1%.
Current consensus DPS estimate is 62.1, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 29.6.

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

QAL    QUALITAS LIMITED

Wealth Management & Investments – Overnight Price: $2.59

Jarden rates ((QAL)) as Buy (1) –

Qualitas’ 3Q trading update confirmed strong deployment momentum and a $2.85bn pipeline, significantly ahead of Jarden’s 2H25 deployment forecast of $2.21bn.

The pipeline includes $950m in near-close deals, almost double the same time last year, and $1.4bn in mandated deals awaiting investment committee approval, explains the broker.

The pipeline is considered a strong signal that FY25 profit (PBT) guidance of $49-55m (in line with consensus) is achievable or beatable, despite broader concerns around deployment risk.

The broker sees valuation support from strong operating leverage, rising distributions, and growing investor demand for private credit exposure. 

Jarden retains a Buy rating on Qualitas and maintains its $3.95 target price.

This report was published on May 7, 2025.

Target price is $3.95 Current Price is $2.59 Difference: $1.36
If QAL meets the Jarden target it will return approximately 53% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 11.10 cents and EPS of 11.80 cents.
At the last closing share price the estimated dividend yield is 4.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.95.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 13.60 cents and EPS of 14.50 cents.
At the last closing share price the estimated dividend yield is 5.25%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.86.

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

REA    REA GROUP LIMITED

Real Estate – Overnight Price: $241.49

Goldman Sachs rates ((REA)) as Buy (1) –

Goldman Sachs notes REA Group’s 3Q25 result was broadly in line with expectations, but within that, Australian revenue momentum was solid while India was flat.

The company reiterated confidence in a double-digit yield outlook, with the broker noting it is setting a new global benchmark in property listings with the NextGen platform.

Cost growth in India was higher than expected, leading to a -2% EBITDA miss. The broker cut FY25 EBITDA forecast by -0.4% and FY26 by -1.7% mainly on a more cautious outlook for the business in India.

Buy. Target cut to $269 from $273.

This report was published on May 11, 2025.

Target price is $269.00 Current Price is $241.49 Difference: $27.51
If REA meets the Goldman Sachs target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $269.57, suggesting upside of 10.5%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 230.00 cents and EPS of 418.00 cents.
At the last closing share price the estimated dividend yield is 0.95%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 57.77.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 432.5, implying annual growth of 88.6%.
Current consensus DPS estimate is 235.6, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 56.4.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 266.00 cents and EPS of 483.00 cents.
At the last closing share price the estimated dividend yield is 1.10%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 50.00.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 520.5, implying annual growth of 20.3%.
Current consensus DPS estimate is 284.8, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 46.9.

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

REG    REGIS HEALTHCARE LIMITED

Aged Care & Seniors – Overnight Price: $7.44

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

Regis reported a strong 3Q25 result, assesses Jarden, led by standout net refundable accommodation deposit (RAD) inflows of $63.6m, already exceeding the broker’s entire 2H forecast.

Revenue per-bed-per-day beat forecasts by 1.3% while staff costs per-bed-per-day were -1% lower-than-expected by the analysts. Despite these positives, mature site occupancy dipped to 95.5%.

With a healthy RAD balance and funding tailwinds, Jarden suggests Regis remains well-positioned to expand its footprint and earnings base.

Development momentum is building, highlights the broker, with nine greenfield projects now in the pipeline (up from five at 1H25), supported by a $1.7-1.8bn RAD pool. Management targets 2-3 developments annually, and is actively evaluating M&A opportunities. 

The Fair Work Commission awarded aged care nurses a 12% wage increase, which will be a cost pass-through and has been factored into the broker’s revised government revenue and wage forecasts.

The target price rises to $7.75 from $7.56. The broker retains an Overweight rating.

This report was published on May 8, 2025.

Target price is $7.75 Current Price is $7.44 Difference: $0.31
If REG meets the Jarden target it will return approximately 4% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 13.70 cents and EPS of 17.70 cents.
At the last closing share price the estimated dividend yield is 1.84%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 42.03.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 17.50 cents and EPS of 24.80 cents.
At the last closing share price the estimated dividend yield is 2.35%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 30.00.

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

RKN    RECKON LIMITED

Accountancy – Overnight Price: $0.47

Taylor Collison rates ((RKN)) as Outperform (2) –

Reckon’s FY24 revenue and net profit met Taylor Collison’s forecasts, but the free cash flow of $1.8m missed the broker’s $3.5m estimate.

The focus is on the outlook, with the broker noting the key challenge is industry M&A after Elite recently acquired Tranch, a payments software provider that also targets law firms.

The broker believes this could present competition for nQ Zebraworks as Elite clients are a material part of its pipeline.

The analyst notes the company’s Australian business is focused on R1 growth, and the development roadmap is expected to be completed within 12-18 months.

FY25 revenue forecast little-changed, but EBITDA estimate cut by -3%. Outperform retained. No target price provided. 

This report was published on February 12, 2025.

Current Price is $0.47. Target price not assessed.
The company’s fiscal year ends in December.

Forecast for FY25:

Taylor Collison forecasts a full year FY25 dividend of 2.50 cents and EPS of 4.20 cents.
At the last closing share price the estimated dividend yield is 5.26%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.31.

Forecast for FY26:

Taylor Collison forecasts a full year FY26 dividend of 2.50 cents and EPS of 4.70 cents.
At the last closing share price the estimated dividend yield is 5.26%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.11.

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

RXL    ROX RESOURCES LIMITED

Gold & Silver – Overnight Price: $0.29

Canaccord Genuity rates ((RXL)) as No Rating (-1) –

Canaccord Genuity has a research restriction on Rox Resources.

This report was published on May 12, 2025.

Current Price is $0.29. Target price not assessed.

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

SDV    SCIDEV LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $0.38

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

SciDev’s 3Q25 revenue, gross profit and EBITDA were all slightly below Canaccord Genuity’s estimates. The broker highlights revenue recovered from its 2Q25 low, and margins were resilient.

The company pointed to positive trends in demand and pipeline, but also flagged client delays in Water and Mining businesses. The broker’s assessment is slower growth is likely in 4Q followed by a catch-up in FY26.

EBITDA forecasts for FY25-26 cut by -12% and -7% respectively. Buy. Target cut to 60c from 65c.

This report was published on May 7, 2025.

Target price is $0.60 Current Price is $0.38 Difference: $0.22
If SDV meets the Canaccord Genuity target it will return approximately 58% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 34.55.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.20.

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: $0.95

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

Jarden retains an Overweight rating on SkyCity Entertainment and maintains the NZ$1.75 target price, despite a downgrade to FY25 earnings guidance.

Management now expects FY25 group earnings (EBITDA) to be around -4% below the low end of its previous NZ$225-245m range. 

Weaker spend in Auckland, though visitation remains steady, and lower VIP gaming revenue in Adelaide, amid tighter anti-money laundering controls, are the main drivers of the downgrade, explains Jarden.

Operations in Hamilton and Queenstown continue to perform in line with the broker’s expectations, and electronic gaming revenue in South Australia is growing year-on-year.

Jarden sees the earnings pressures as cyclical and transition-specific and believes valuation remains attractive despite current regulatory and operational challenges.

This report was published on May 6, 2025.

Current Price is $0.95. Target price not assessed.
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 7.66 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.47.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.66 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.47.

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

SYL    SYMAL GROUP LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $1.47

Petra Capital rates ((SYL)) as Initiation of coverage with Buy (1) –

Petra Capital initiates coverage on Symal Group with a Buy rating and a $2.55 target price, citing strong growth prospects across civil construction, plant and equipment hire, and emerging recycling operations.

Management has confirmed and reaffirmed its FY25 guidance, forecasting $105.5m earnings (EBITDA) and $44.1m in net profit after tax, a rise of 27% year-on-year.

The broker highlights the group’s differentiated vertically integrated model, with $1.37bn work-in-hand, and expansion into recycling (Sycle), and $50m planned investment to unlock long-term upside.

Petra Capital estimates Sycle could contribute 8.4% of group earnings (EBITDA) by FY27.

Commentaryt highlights the company remains well capitalised with forecast net cash of $14.2m and strong cash conversion at 128.2% in FY25.

This report was published on May 8, 2025.

Target price is $2.55 Current Price is $1.47 Difference: $1.08
If SYL meets the Petra Capital target it will return approximately 73% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Petra Capital forecasts a full year FY25 dividend of 5.90 cents and EPS of 18.70 cents.
At the last closing share price the estimated dividend yield is 4.01%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.86.

Forecast for FY26:

Petra Capital forecasts a full year FY26 dividend of 11.50 cents and EPS of 23.00 cents.
At the last closing share price the estimated dividend yield is 7.82%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.39.

Market Sentiment: 1.0
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: $0.44

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

Turaco Gold upgraded the resource at the Afema gold project by 3.55Moz, up 41%, exceeding Canaccord Genuity’s expectation for the resource to exceed 3Moz.

The broker views this as a positive step in de-risking the source.

Speculative Buy. Target rises to $1.00 from $0.80.

This report was published on May 5, 2025.

Target price is $1.00 Current Price is $0.44 Difference: $0.56
If TCG meets the Canaccord Genuity target it will return approximately 127% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 2.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 22.00.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 44.00.

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

TPW    TEMPLE & WEBSTER GROUP LIMITED

Furniture & Renovation – Overnight Price: $19.02

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

Temple & Webster reported 18% revenue growth in the Jan 1-May 5 period, below Canaccord Genuity’s 2H25 estimate of 24%.

The broker highlights growth momentum accelerated from 16% in January to 23% in the March-May 5 period, with further acceleration expected in the remaining period of 2H.

The analyst expects demand to benefit from interest rate cuts, net migration and full employment, along with gains from marketing campaigns.

Buy. Target rises to $19.00 from $17.50, with the broker seeing little risk of multiple de-rating as long as revenue growth stays within target and earnings margins widen.

This report was published on May 7, 2025.

Target price is $19.00 Current Price is $19.02 Difference: minus $0.02 (current price is over target).
If TPW meets the Canaccord Genuity target it will return approximately minus 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $16.91, suggesting downside of -12.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 3.00 cents and EPS of 14.00 cents.
At the last closing share price the estimated dividend yield is 0.16%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 135.86.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.3, implying annual growth of 520.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 207.0.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 3.00 cents and EPS of 22.00 cents.
At the last closing share price the estimated dividend yield is 0.16%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 86.45.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.4, implying annual growth of 87.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 110.6.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

Petra Capital rates ((TPW)) as Buy (1) –

Temple & Webster reported 2H25-to-date sales growth of 18% on a year earlier to 5 May, with a stronger 23% rise from 1 March, despite headwinds from the Easter-Anzac holiday overlap and election-related caution.

Petra Capital notes performance is strong given it is cycling a 30% growth base. Management now expects earnings (EBITDA) margin at the top end of its 1-3% guidance, aligning with the broker’s 2.9% forecast.

The broker sees macro tailwinds for FY26, including potential rate cuts, government housing stimulus, reduced shipping costs (down around -20%), and possibly lower Chinese factory input costs which should benefit margin and top-line growth.

Petra Capital trims FY25 EPS forecast by -1.4%, and lifts FY26FY27 EPS by 4.2% and 5%.

Target price rises to $20 from $17.70. Buy rating retained.

This report was published on May 8, 2025.

Target price is $20.00 Current Price is $19.02 Difference: $0.98
If TPW meets the Petra Capital target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $16.91, suggesting downside of -12.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of 9.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 206.74.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 9.3, implying annual growth of 520.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 207.0.

Forecast for FY26:

Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 17.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 109.94.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 17.4, implying annual growth of 87.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 110.6.

Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TTM    TITAN MINERALS LIMITED

Gold & Silver – Overnight Price: $0.38

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

Canaccord Genuity notes recent drilling at Titan Minerals’ Linderos copper project JV in Ecuador was a success, indicating a larger porphyry system, tested over a 1km strike and 1km depth.

The company’s flagship Dynasty project is also progressing well with scoping study due in late 2025.

Speculative Buy. Target unchanged at $1.18.

This report was published on May 8, 2025.

Target price is $1.18 Current Price is $0.38 Difference: $0.8
If TTM meets the Canaccord Genuity target it will return approximately 211% (excluding dividends, fees and charges).

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

USL    UNICO SILVER LIMITED

Gold & Silver – Overnight Price: $0.22

Taylor Collison rates ((USL)) as Speculative Buy (1) –

Unico Silver continues its aggressive 50,000m exploration program at the Cerro Leon project in Argentina, with assays from Phase 2 confirming extensions and high-grade zones across multiple prospects, Taylor Collison explains.

The broker expects strong results from Karina, Savary, MS Link and Kasia which support a resource upgrade. The mineral resource estimate update is scheduled for 3Q25. 

The company has expanded Phase 3 drilling to 16,500m, adding further reverse circulation and diamond drilling at Pinguino and Joaquin, aiming to convert foreign resources at Joaquin into JORC status.

Taylor Collison highlights Silvia and Ivonne also delivered promising intercepts, with potential for further growth at depth and along strike.

The company holds $19.8m in cash as of March 2025, with plans to complete up to 50km of drilling by year-end. Taylor Collison maintains a Speculative Buy rating

This report was published on May 7, 2025.

Current Price is $0.22. Target price not assessed.

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

WTC    WISETECH GLOBAL LIMITED

Cloud services – Overnight Price: $97.68

Jarden rates ((WTC)) as Neutral (3) –

Jarden lowers its target price for WiseTech Global to $94 from $100 and retains a Neutral rating, citing macro uncertainty, product roll-out risk, and lack of updates on the e2open acquisition.

At the Macquarie Conference, management flagged geopolitical and trade tariff risks, with global container volumes expected to fall -1% in 2025.

While guidance for FY25 remains unchanged, the broker cuts its FY26 revenue and EPS forecasts by -4% due to revised assumptions for Container Transport Optimisation (CTO) contributions.

CTO remains a key swing factor for FY26 and beyond, explain the analysts.

The broker remains constructive on long-term growth but sees risk-reward as balanced given execution risk, governance concerns, and a valuation pricing in strong growth beyond FY34.

This report was published on May 6, 2025.

Target price is $94.00 Current Price is $97.68 Difference: minus $3.68 (current price is over target).
If WTC meets the Jarden target it will return approximately minus 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 12.00 cents and EPS of 70.20 cents.
At the last closing share price the estimated dividend yield is 0.12%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 139.15.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 18.50 cents and EPS of 91.60 cents.
At the last closing share price the estimated dividend yield is 0.19%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 106.64.

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

ZIP    ZIP CO LIMITED

Business & Consumer Credit – Overnight Price: $1.82

Goldman Sachs rates ((ZIP)) as Initiation of coverage with Buy (1) –

Goldman Sachs initiates coverage on Zip Co with a Buy rating and a 12-month price target of $2.50.

The broker highlights Zip’s successful transition from growth-at-all-costs to a more sustainable earnings model, supported by a simplified balance sheet and recent debt reduction.

Growth is expected to be led by the US business, where the broker forecasts a 16% CAGR in BNPL adoption through 2027, underpinned by e-commerce growth and product innovation.

Goldman sees upside risk to FY25 guidance, which was reaffirmed in May, and projects FY25 EBITDA of $154m versus guidance of at least $153m. EPS forecasts are 5c for FY25, 7c for FY26, and 10c for FY27.

This report was published on May 7, 2025.

Target price is $2.50 Current Price is $1.82 Difference: $0.675
If ZIP meets the Goldman Sachs target it will return approximately 37% (excluding dividends, fees and charges).
Current consensus price target is $3.07, suggesting upside of 47.4%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 5.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 36.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 2.0, implying annual growth of 73.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 104.0.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.07.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 4.2, implying annual growth of 110.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 49.5.

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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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.

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