Daily Market Reports | Oct 30 2025
This story features AUSTRALIAN CLINICAL LABS LIMITED, and other companies.
For more info SHARE ANALYSIS: ACL
The company is included in ASX300 and ALL-ORDS
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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)
ACL BNZ CY5 CYG DYL FCL GGP (2) HUB IMR MEK MYR NWS OBM PLS PLT PLY PNI PNR PPS QAL REA REH TOR (2) VAU (2) WDS
ACL AUSTRALIAN CLINICAL LABS LIMITED
Healthcare services – Overnight Price: $2.63
Canaccord Genuity rates ((ACL)) as Buy (1) –
Canaccord Genuity maintains a Buy rating and $3.85 target price on Australian Clinical Labs following the AGM update, which reaffirmed FY26 earnings guidance despite a flat 1Q26 result against strong comparatives.
Revenue is tracking toward the lower end of guidance at $760–780m, though the broker remains mid-range at $770m, anticipating easier growth comps and contribution from billing and Medicare indexation initiatives.
EBIT guidance of $67–73m was maintained, and a potential buyback of up to 19.5m shares could deliver around 10% EPS accretion from FY27 if fully exercised.
Competitive pressure from unlisted provider 4Cyte remains, particularly in NSW, though the broker sees the company’s integrated systems and private billing expansion as key differentiators.
This report was published on October 24, 2025.
Target price is $3.85 Current Price is $2.63 Difference: $1.22
If ACL meets the Canaccord Genuity target it will return approximately 46% (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 11.00 cents and EPS of 19.00 cents.
At the last closing share price the estimated dividend yield is 4.18%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.84.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 13.00 cents and EPS of 22.00 cents.
At the last closing share price the estimated dividend yield is 4.94%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.95.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BNZ BENZ MINING CORP.
Gold & Silver – Overnight Price: $1.59
Canaccord Genuity rates ((BNZ)) as Speculative Buy (1) –
Canaccord Genuity maintains a Speculative Buy rating on Benz Mining and raises its target price to $3.10 from $2.50 following a reassessment of valuation metrics to include a premium for scale and grade potential.
The Zone 126 discovery at Glenburgh continues to impress with high-grade results including 11m at 19.9g/t Au and 79m at 4.4g/t Au, supporting potential for a multi-million-ounce system.
Together with the Icon-Apollo trend, the broker sees early potential for up to 4.5Moz, aligned with the newly introduced milestone-based Performance Rights.
This report was published on October 27, 2025.
Target price is $2.50 Current Price is $1.59 Difference: $0.905
If BNZ meets the Canaccord Genuity target it will return approximately 57% (excluding dividends, fees and charges).
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: $0.14
Canaccord Genuity rates ((CY5)) as Speculative Buy (1) –
Canaccord Genuity highlights the accelerating consolidation within Quebec’s Chibougamau district, following IAMGOLD’s CA$267m acquisition of Northern Superior Resources to form the Nelligan Mining Complex.
The combined complex now hosts 12.4Moz at 1.1g/t Au across more than 1,100km², establishing it as Canada’s fourth-largest pre-production gold camp.
Cygnus Metals holds 2.2Moz at 4.6g/t AuEq with seven former producing mines and owns the district’s only 900ktpa processing facility, last operated in 2008.
The broker believes Cygnus’ infrastructure and proximity to key deposits such as Joe Mann and Chevrier Est position it as a strategic participant in further regional consolidation.
Speculative Buy rating maintained with a $0.35 target price
This report was published on October 21, 2025.
Target price is $0.35 Current Price is $0.14 Difference: $0.215
If CY5 meets the Canaccord Genuity target it will return approximately 159% (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
CYG COVENTRY GROUP LIMITED
Hardware & Equipment – Overnight Price: $0.58
Taylor Collison rates ((CYG)) as Initiation of coverage with Outperform (2) –
Taylor Collison initiates coverage of Coventry Group with an Outperform rating and a $1.02 target price, highlighting significant upside potential should the company pursue a divisional separation.
The companu operates two distinct divisions, Fluid Systems and Trade Distribution, with minimal strategic overlap, supporting a potential divestment strategy valued at up to 1.7x the current equity value.
ERP implementation challenges have weighed on performance, but the system rollout is nearing completion, and management expects a recovery to FY24 earnings levels by FY26.
The recent $20m capital raise provides sufficient runway to restore operations and position both divisions for improved performance and strategic optionality.
This report was published on October 23, 2025.
Current Price is $0.58. Target price not assessed.
The company’s fiscal year ends in June.
Forecast for FY26:
Taylor Collison forecasts a full year FY26 dividend of 1.30 cents and EPS of minus 24.90 cents.
At the last closing share price the estimated dividend yield is 2.24%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 2.33.
Forecast for FY27:
Taylor Collison forecasts a full year FY27 dividend of 0.00 cents and EPS of 4.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.50.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
DYL DEEP YELLOW LIMITED
Uranium – Overnight Price: $1.70
Canaccord Genuity rates ((DYL)) as Buy (1) –
Deep Yellow has continued progress at the Tumas uranium project, with key process plant areas now over 60% complete and bulk earthworks underway ahead of civil construction in early 2026.
The company closed the quarter with $203.5m in cash, Canaccord Genuity notes, maintaining a strong balance sheet to support staged development while awaiting a uranium price environment conducive to FID.
Recent RC drilling at the S-Bend prospect confirmed multiple clusters of higher-grade mineralisation, reinforcing potential mine life extensions at Tumas.
Following the CEO transition, Acting CEO Craig Barnes and Executive Chair Chris Salisbury will lead the company while an international CEO search is finalised.
Speculative Buy rating retained with an unchanged target price of $1.98.
This report was published on October 24, 2025.
Target price is $1.98 Current Price is $1.70 Difference: $0.285
If DYL meets the Canaccord Genuity target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $1.93, suggesting upside of 13.9%(ex-dividends)
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 1.25 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 136.14.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -0.5, 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 FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.71 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 99.01.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -3.9, 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: 0.8
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: $3.01
Moelis rates ((FCL)) as Hold (3) –
Fineos Corp announced third-quarter cash flow update supports management’s target of achieving positive cash flow in 2025, with performance in the final quarter key to success, Moelis highlights.
Cash outflow for 4Q25 is forecast at -EUR9.3m, implying a full-year inflow of EUR3.5m, with the target achievable provided outflows remain below -EUR12.8m.
Operating cash costs in the first nine months were -EUR3.9m lower y/y due to headcount reductions and lower unit labour costs, partly assisted by FX movements.
Revenue remains in line with expectations on a constant currency basis, though euro strength is expected to weigh on reported results in 2H2025.
Hold rating maintained with a $3.27 target price, supported by stable execution and continued SaaS migration momentum.
This report was published on October 27, 2025.
Target price is $3.27 Current Price is $3.01 Difference: $0.26
If FCL meets the Moelis target it will return approximately 9% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 1.04 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 290.26.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.86 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 348.38.
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
GGP GREATLAND RESOURCES LIMITED
Gold & Silver – Overnight Price: $6.95
Canaccord Genuity rates ((GGP)) as Buy (1) –
Canaccord Genuity retains a Buy rating and $14.00 target price on Greatland Resources following the SepQ’25 result, which contained few surprises after pre-released production and sales figures.
Gold production of 80.9koz and sales of 82.2koz were pre-announced, while AISC of $2,155/oz and recovery of 88.6% both exceeded expectations.
Cash stood at $750m and capex of -$70m tracked broadly in line with forecasts.
Focus now shifts to continued cash generation at Telfer, progress on mine life extension drilling, and the imminent Havieron feasibility study, expected in December.
This report was published on October 27, 2025.
Target price is $14.00 Current Price is $6.95 Difference: $7.05
If GGP meets the Canaccord Genuity target it will return approximately 101% (excluding dividends, fees and charges).
Current consensus price target is $10.50, suggesting upside of 51.1%(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 49.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.96.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 88.0, implying annual growth of 38.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 7.9.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 47.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.76.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 51.4, implying annual growth of -41.6%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 13.5.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((GGP)) as Hold (3) –
Greatland Resources announced a robust September quarter with production of 80.9koz Au and 3.4kt Cu, exceeding Moelis’ forecasts on both metrics and driving improved financial outcomes.
AISC of $2,155/oz was well below expectations, while operating cash flow rose to $284m and cash increased to $750m.
The result benefited from higher recoveries and sales volumes, although some cashflow strength reflected timing benefits from accrued but unpaid expenditure.
Management’s revised outlook includes higher D&A, extended mine life at Telfer, and updated commodity price assumptions, leading to a higher valuation.
Hold rating maintained with the target price increased to $8.10 from $7.90, reflecting improved production performance and mine life extensions.
This report was published on October 27, 2025.
Target price is $8.10 Current Price is $6.95 Difference: $1.15
If GGP meets the Moelis target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $10.50, suggesting upside of 51.1%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 97.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 88.0, implying annual growth of 38.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 7.9.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 62.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.08.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 51.4, implying annual growth of -41.6%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 13.5.
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: $116.53
Canaccord Genuity rates ((HUB)) as Hold (3) –
Canaccord Genuity notes Hub24 delivered another record flow result in 1Q26, beating consensus estimates by around 20%.
Net platform flows of $5.2bn rose 28% y/y, driving platform FUA to $122bn and total group FUA to $146.5bn.
The result prompted the analyst to upgrade net profit after tax by 8.5% in FY26, 4.4% in FY27, and 4.2% in FY28, supported by a higher retail FUA mix of 88% versus 85% a year ago, which is margin accretive.
While the broker remains positive on the platform’s long-term growth and market share trajectory, valuation at around 70x 12-month forward PER is viewed as stretched relative to its historical average of 47x.
Hold rating retained with the target price raised to $114.95 from $104.30.
This report was published on October 29, 2025.
Target price is $114.95 Current Price is $116.53 Difference: minus $1.58 (current price is over target).
If HUB meets the Canaccord Genuity target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $107.96, suggesting downside of -7.4%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 86.00 cents and EPS of 153.00 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 76.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 155.4, implying annual growth of 58.3%.
Current consensus DPS estimate is 75.3, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 75.0.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 111.00 cents and EPS of 180.00 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 64.74.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 186.5, implying annual growth of 20.0%.
Current consensus DPS estimate is 91.7, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 62.5.
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IMR IMRICOR MEDICAL SYSTEMS INC
Medical Equipment & Devices – Overnight Price: $1.41
Taylor Collison rates ((IMR)) as Outperform (2) –
Taylor Collison’s industry checks at the Atrial Fibrillation Symposium in Adelaide reaffirmed strong clinical and commercial validation for Imricor Medical Systems’ real-time MRI-guided (iCMR) ablation platform.
Key opinion leaders highlighted the technology’s potential to expand from redo and VT ablations into first-line AF procedures, potentially doubling the addressable market to US$2bn.
The integration of Pulse Field Ablation (PFA) capabilities, supported by successful preclinical trials, underscores platform flexibility and positions Imricor Medical Systems ahead of the next ablation technology wave.
Clinician feedback continues to emphasise improved soft-tissue visualisation, lesion durability, and procedural safety as key differentiators driving adoption.
Outperform rating maintained with a $2.26 target price, rising to $3.76 under a higher AF market penetration scenario.
This report was published on October 21, 2025.
Target price is $2.26 Current Price is $1.41 Difference: $0.85
If IMR meets the Taylor Collison target it will return approximately 60% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY26:
Taylor Collison forecasts a full year FY26 dividend of 0.00 cents and EPS of 16.35 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.63.
Forecast for FY27:
Taylor Collison forecasts a full year FY27 dividend of 0.00 cents and EPS of 12.77 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.05.
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
MEK MEEKA METALS LIMITED
Gold & Silver – Overnight Price: $0.20
Petra Capital rates ((MEK)) as Buy (1) –
Meeka Metals announced a robust maiden September quarter with production of 7,148oz at an AISC of $2,133/oz, outperforming feasibility expectations, Petra Capital highlights.
Commissioning of the 0.6Mtpa Andy Well processing plant was completed in June, with first gold poured in July and production set to rise in the December quarter.
An accelerated open-pit mining strategy has built a 178kt stockpile, de-risking the transition to underground operations and providing flexibility for a potential 1Mtpa plant expansion by end-2026.
Growth capex of -$22m was directed toward Turnberry and Andy Well developments, while cash and gold increased to $59.3m despite heavy investment.
Buy rating maintained with the target price revised to 33c from 34c.
This report was published on October 27, 2025.
Target price is $0.33 Current Price is $0.20 Difference: $0.13
If MEK meets the Petra Capital target it will return approximately 65% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.64.
Forecast for FY27:
Petra Capital forecasts a full year FY27 dividend of 0.00 cents and EPS of 6.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.23.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
MYR MYER HOLDINGS LIMITED
Household & Personal Products – Overnight Price: $0.40
Canaccord Genuity rates ((MYR)) as Buy (1) –
Canaccord Genuity highlights Myer unveiled a major refresh of its loyalty program, the most significant since launch two decades ago, featuring faster rewards, expanded earn opportunities, and exclusive member benefits.
Canaccord Genuity observes membership continues to grow, now at 4.7m, with around 80% of department store sales tagged to loyalty members.
New initiatives include lower tier thresholds, faster reward redemption, expanded beauty offerings, personalised reward days, and point earning on fashion and everyday spend through partners such as Dan Murphy’s and DoorDash.
The broker views the update as a well-timed enhancement to strengthen brand engagement, following improving like-for-like sales and active member growth.
Buy rating retained with a $0.79 target price.
This report was published on October 20, 2025.
Target price is $0.79 Current Price is $0.40 Difference: $0.39
If MYR meets the Canaccord Genuity target it will return approximately 98% (excluding dividends, fees and charges).
The company’s fiscal year ends in July.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 3.00 cents and EPS of 3.80 cents.
At the last closing share price the estimated dividend yield is 7.50%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.53.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 3.00 cents and EPS of 4.90 cents.
At the last closing share price the estimated dividend yield is 7.50%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.16.
Market Sentiment: 0.5
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: $47.20
Jarden rates ((NWS)) as Overweight (2) –
Jarden forecasts 1Q26 group revenue growth of 1% y/y to US$2,117m and earnings (EBITDA) of US$321m, down -1.2% y/y and -3% versus consensus as a preview to News Corp’s upcoming quarterly result.
Adjusted net profit after tax is expected at US$98m, down -16.5% y/y and around -10.6% below consensus, mainly due to minority interests.
Professional Information Services is expected to remain strong with revenue up 9% y/y, while Book Publishing is expected to fall -26% y/y.
Forecasts were adjusted with FY26 EPS up 1% and FY27 down -0.1%, and the target price cut to $53 from $54.70 following a lower valuation for REA Group ((REA)).
Target price slips to $53 from $54.75. Overweight.
This report was published on October 22, 2025.
Target price is $53.00 Current Price is $47.20 Difference: $5.8
If NWS meets the Jarden target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $63.90, suggesting upside of 35.4%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 31.13 cents and EPS of 149.44 cents.
At the last closing share price the estimated dividend yield is 0.66%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 31.58.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 161.5, implying annual growth of N/A.
Current consensus DPS estimate is 30.4, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 29.2.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 31.13 cents and EPS of 169.68 cents.
At the last closing share price the estimated dividend yield is 0.66%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.82.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 194.5, implying annual growth of 20.4%.
Current consensus DPS estimate is 30.4, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 24.3.
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
OBM ORA BANDA MINING LIMITED
Gold & Silver – Overnight Price: $1.19
Canaccord Genuity rates ((OBM)) as Buy (1) –
Ora Banda Mining announced strong September quarter with production of 30.6koz, up 39% q/q and in line with Canaccord Genuity’s forecasts, achieved despite severe weather impacts.
All-in sustaining costs of $2,872/oz were down -20% q/q and within FY26 guidance, while free cash flow reached a record $38.5m.
Sand King continues to outperform, with ore mined up 20% q/q to 143kt at 3.6g/t, and Riverina grades improving to 3.2g/t as development advances.
The balance sheet remains debt-free with $173m in liquidity and a new undrawn $50m facility, providing flexibility for growth and ongoing feasibility studies into a new 3Mtpa plant.
Buy rating maintained with the target price unchanged at $1.55.
This report was published on October 22, 2025.
Target price is $1.55 Current Price is $1.19 Difference: $0.365
If OBM meets the Canaccord Genuity target it will return approximately 31% (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 13.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.12.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 12.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.88.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PLS PILBARA MINERALS LIMITED
New Battery Elements – Overnight Price: $3.13
Canaccord Genuity rates ((PLS)) as Buy (1) –
Pilbara Minerals reported a steady September quarter with production of 225kt and sales of 214kt, both flat q/q and in line with Canaccord Genuity’s expectations.
Unit costs fell -11% q/q to $645/t on operational efficiencies from the P1000 model and cost optimisation, though this was slightly above Street forecasts.
Realised pricing rose 24% q/q to US$742/t on higher product grade, while cash fell -13% to $852m due to capex, timing of receipts, and prior period pricing adjustments.
Management reiterated FY26 cost guidance and the broker expects near-term cost increases as operations enter the wet season.
Buy rating maintained with the target price lifted 10% to $3.30.
This report was published on October 24, 2025.
Target price is $3.30 Current Price is $3.13 Difference: $0.17
If PLS meets the Canaccord Genuity target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $2.61, suggesting downside of -16.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 2.00 cents and EPS of 3.00 cents.
At the last closing share price the estimated dividend yield is 0.64%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 104.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 0.9, implying annual growth of N/A.
Current consensus DPS estimate is 0.3, implying a prospective dividend yield of 0.1%.
Current consensus EPS estimate suggests the PER is 347.8.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 2.00 cents and EPS of 7.00 cents.
At the last closing share price the estimated dividend yield is 0.64%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 44.71.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 2.4, implying annual growth of 166.7%.
Current consensus DPS estimate is 0.7, implying a prospective dividend yield of 0.2%.
Current consensus EPS estimate suggests the PER is 130.4.
Market Sentiment: -0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PLT PLENTI GROUP LIMITED
Business & Consumer Credit – Overnight Price: $1.45
Canaccord Genuity rates ((PLT)) as Buy (1) –
Plenti Group announced a strong result with Cash PBT of $14.1m for 1H26 versus $13.8m for all of FY25, highlighting significant operating leverage as the business scales.
Revenue of $76.3m rose 20% y/y, and originations grew 47% to $475m, driven by strong Auto and Personal lending growth.
Loan losses remained stable at 0.94% of the book, while arrears improved by 15bps q/q to 35bps, outperforming expectations.
The Federal Government’s $2.3bn Cheaper Home Batteries Program is expected to materially support Renewable segment growth, with potential to add around $4m in peak annual Cash NPAT.
Hold rating retained with the target price raised to $1.64 from $1.44
This report was published on October 22, 2025.
Target price is $1.64 Current Price is $1.45 Difference: $0.19
If PLT meets the Canaccord Genuity target it will return approximately 13% (excluding dividends, fees and charges).
The company’s fiscal year ends in March.
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
PLY PLAYSIDE STUDIOS LIMITED
Gaming – Overnight Price: $0.23
Canaccord Genuity rates ((PLY)) as Buy (1) –
Playside Studios announced a qualitative AGM update with the key announcement that Mouse P.I. for Hire will now launch in early 2026, delayed from prior 2025 expectations, Canaccord Genuity observes.
Revenue contribution from the title will shift into 2H26 and 1H27, but FY26 revenue guidance of more than $49m is reiterated with lower opex of -$48m, down -19% y/y.
The broker highlights a stronger balance sheet with pro-forma net cash of $21m supported by recent equity raises and upcoming tax rebates of more than $6m under the Digital Games Tax Offset.
External Projects are showing signs of recovery, with new AAA scoping work underway and the Meta Horizon Worlds contract extension expected to underpin FY26 revenue.
Buy rating retained with the target price raised to $0.60 from $0.50.
This report was published on October 22, 2025.
Target price is $0.60 Current Price is $0.23 Difference: $0.37
If PLY meets the Canaccord Genuity target it will return approximately 161% (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 0.43 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 53.49.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.69.
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: $20.13
Canaccord Genuity rates ((PNI)) as Buy (1) –
Pinnacle Investment Management reported strong 1Q26 update with FUM of $197.4bn, ahead of Canaccord Genuity’s forecasts, driven by exceptional net inflows of $13.3bn versus expectations of $7.1bn.
Institutional inflows of $6.4bn were led by Life Cycle, while Retail inflows of $4bn were supported by Plato, Coolabah, and Metrics, with International also contributing $2.9bn.
The addition of Advantage Partners as Affiliate number 19 for $92m adds around $10bn of FUM and expands Pinnacle’s exposure to Japan and Asia, with EPS accretion expected from FY27.
The broker expects mid-single digit EPS upgrades to consensus, supported by operating leverage and strong affiliate momentum.
Buy rating maintained. Target lifts to $29 from $28.
This report was published on October 22, 2025.
Target price is $29.00 Current Price is $20.13 Difference: $8.87
If PNI meets the Canaccord Genuity target it will return approximately 44% (excluding dividends, fees and charges).
Current consensus price target is $24.94, suggesting upside of 23.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 72.00 cents and EPS of 69.60 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 28.92.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 68.7, implying annual growth of 8.7%.
Current consensus DPS estimate is 61.9, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 29.3.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 85.00 cents and EPS of 87.20 cents.
At the last closing share price the estimated dividend yield is 4.22%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.08.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 82.0, implying annual growth of 19.4%.
Current consensus DPS estimate is 72.6, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 24.5.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PNR PANTORO GOLD LIMITED
Gold & Silver – Overnight Price: $5.00
Moelis rates ((PNR)) as Hold (3) –
Pantoro Gold announced a softer September quarter, with production of 19.6koz falling below Moelis’ expectations and AISCs of $3,139/oz exceeding forecasts.
Management attributed the weaker result to operational challenges at the OK and Scotia underground mines, which caused a fall in mined grades from 4.15g/t to 2.67g/t.
Cash and gold declined to $181.5m, while EBITDA of $53.9m and free cash flow of $3m both missed the analyst’s estimates.
Management’s FY26 guidance of 100–110koz at $1,950–$2,250/oz was maintained, with October production tracking toward the upper end of the range as mine flexibility improves.
Hold retained with a $5.85 target price.
This report was published on October 27, 2025.
Target price is $5.85 Current Price is $5.00 Difference: $0.85
If PNR meets the Moelis target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $5.59, suggesting upside of 11.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 58.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.62.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 66.9, implying annual growth of 352.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 7.5.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 41.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.96.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 70.8, implying annual growth of 5.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 7.1.
Market Sentiment: 0.0
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: $0.92
Canaccord Genuity rates ((PPS)) as Buy (1) –
Canaccord Genuity describes Praemium’s positive September quarter update as positive, with platform net inflows of $550m ($667m excluding OneVue) and market movement of $0.8bn lifting platform FUA to $32bn.
Spectrum delivered net inflows of $299m with FUA rising to $3.3bn, while Powerwrap posted a $131m inflow as transitional outflows continued to ease.
SMA inflows rebounded strongly to $237m, supported by new partnerships including Morgans, and OneVue FUA declined to $1.1bn as assets transition to preferred platforms.
The company reported total First Guardian exposure of -$286m, though the broker notes ongoing cooperation with regulators and expects limited financial impact.
Buy rating retained with the target price raised to $1.30 from $1.21.
This report was published on October 22, 2025.
Target price is $1.30 Current Price is $0.92 Difference: $0.385
If PPS meets the Canaccord Genuity target it will return approximately 42% (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 2.25 cents and EPS of 5.00 cents.
At the last closing share price the estimated dividend yield is 2.46%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.30.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 2.50 cents and EPS of 6.00 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 15.25.
Market Sentiment: 1.0
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: $3.76
Canaccord Genuity rates ((QAL)) as Initiation of coverage with Buy (1) –
Canaccord Genuity initiates coverage of Qualitas with a Buy rating and target of $4.25 highlighting the company’s strong position in private credit with institutional-grade processes and management.
Qualitas’ exposure spans commercial real estate, industrial, office, retail, and social infrastructure lending, with the analyst expecting above-market growth from both structural and cyclical tailwinds.
These include increasing asset allocations to private credit, reduced traditional lender market share, and improving residential construction starts.
Canaccord also notes the long-term advantage from regulatory scrutiny favouring institutional-grade managers and the absence of indexation pressure on fees.
This report was published on October 24, 2025.
Target price is $4.25 Current Price is $3.76 Difference: $0.49
If QAL meets the Canaccord Genuity target it will return approximately 13% (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 12.00 cents and EPS of 14.00 cents.
At the last closing share price the estimated dividend yield is 3.19%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.86.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 15.00 cents and EPS of 18.00 cents.
At the last closing share price the estimated dividend yield is 3.99%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.89.
Market Sentiment: 0.8
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: $219.38
Jarden rates ((REA)) as Underweight (4) –
Jarden previews REA Group’s upcoming 1Q26 report and forecasts group revenue up 5% y/y to $435m and earnings (EBITDA) of $252m, up 4% y/y.
Residential listing volumes are expected to fall -8%, offset by a rise 13% lift in Buy yield, including a -1% drag from geographic mix.
Operating expenses are forecast to rise 8% to -$183m, partly due to timing effects such as marketing spend.
Jarden highlights price increases of 7-8% in residential buy yield with uncertainty over add-on and subscription impacts in FY26.
Underweight retained with a $212 target price down from $226.
This report was published on October 22, 2025.
Target price is $212.00 Current Price is $219.38 Difference: minus $7.38 (current price is over target).
If REA meets the Jarden target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $274.32, suggesting upside of 25.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 358.40 cents and EPS of 512.10 cents.
At the last closing share price the estimated dividend yield is 1.63%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 42.84.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 506.4, implying annual growth of -1.4%.
Current consensus DPS estimate is 296.1, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 43.3.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 420.50 cents and EPS of 600.40 cents.
At the last closing share price the estimated dividend yield is 1.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 36.54.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 600.5, implying annual growth of 18.6%.
Current consensus DPS estimate is 351.3, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 36.5.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
REH REECE LIMITED
Furniture & Renovation – Overnight Price: $12.16
Jarden rates ((REH)) as Initiation of coverage with Neutral (3) –
Jarden has initiated coverage of Reece with a Neutral rating and $12.30 target price, highlighting long-term structural appeal in the US business but near-term headwinds from softer US housing and limited A&NZ margin recovery.
The broker notes US gross margin expansion to 26.0% by FY25 validates differentiation, though around 80% of revenue is tied to new construction, exposing Reece to cyclical risk.
A&NZ margins remain constrained at a 12-year low of 31.8% amid intensifying competition from Tradelink, Bunnings Trade ((WES)), and Samios, limiting EBIT margin recovery to 8-10%.
Jarden also flags competitive pressure at Fortiline, where market share losses in Florida could affect up to -1% of group revenue near term.
This report was published on October 22, 2025.
Target price is $12.30 Current Price is $12.16 Difference: $0.14
If REH meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $12.05, suggesting downside of -0.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 16.90 cents and EPS of 44.20 cents.
At the last closing share price the estimated dividend yield is 1.39%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.51.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 43.9, implying annual growth of -10.8%.
Current consensus DPS estimate is 16.9, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 27.7.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 20.20 cents and EPS of 51.40 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 23.66.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 52.6, implying annual growth of 19.8%.
Current consensus DPS estimate is 21.0, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 23.1.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
TOR TORQUE METALS LIMITED
Gold & Silver – Overnight Price: $0.27
Canaccord Genuity rates ((TOR)) as Speculative Buy (1) –
Canaccord Genuity retains a Speculative Buy rating, citing the growing scale of the Paris Gold Project and superior grade profile relative to peers.
Recent step-out drilling guided by DHEM continues to deliver strong intercepts, including 15.5m at 12g/t Au and 16m at 7.9g/t Au, extending mineralisation more than 500m down plunge.
Located within 40km of two operating mills, the project’s 3.1g/t Au resource grade compares favourably with the 1.08g/t average for WA open-pit producers, the broker points out.
Target lifted to 55c from 45c.
This report was published on October 27, 2025.
Target price is $0.55 Current Price is $0.27 Difference: $0.285
If TOR meets the Canaccord Genuity target it will return approximately 108% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Petra Capital rates ((TOR)) as Buy (1) –
Petra Capital notes continued exploration success at Torque Metals’ Paris Gold Project in WA, with step-out drilling returning strong intercepts including 12m at 6.2g/t Au and 8m at 5.0g/t Au.
New DHEM conductor plates have been identified, extending the mineralised corridor by 200m to the southwest and confirming multiple parallel lodes spaced 60–80m apart.
The current drilling program focuses on mapping the full pyrrhotite-associated gold system using DHEM-guided 80m step-outs, increasing the rate of discovery.
A second rig has been mobilised with over 20 conductors yet to be tested, supporting expectations of significant resource growth and higher-confidence infill results.
Buy rating reiterated with a $0.53 target price, with the broker viewing Paris as a scalable, high-grade, strategically positioned deposit.
This report was published on October 24, 2025.
Target price is $0.53 Current Price is $0.27 Difference: $0.265
If TOR meets the Petra Capital target it will return approximately 100% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
Forecast for FY27:
Petra Capital forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.00 cents.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
VAU VAULT MINERALS LIMITED
Gold & Silver – Overnight Price: $0.71
Canaccord Genuity rates ((VAU)) as Buy (1) –
Vault Minerals announced a solid September quarter with group sales of 91koz, above forecasts, and AISCs of $2,613/oz, below the low end of FY26 guidance and 6% under expectations.
Mt Monger and Deflector both achieved AISC beats driven by non-cash inventory credits, while Leonora costs were slightly higher due to a lower credit impact, Canaccord Genuity notes.
Free cash flow reached $28m, with cash and bullion rising to $703m, supported by the commencement of a share buyback program.
The company’s hedge book stands at 98.1koz at an average price of $2,850/oz, with 38% of 1Q sales delivered into hedges, and FY26 guidance remains unchanged at 332–360koz at AISCs of $2,650–2,850/oz.
Buy rating maintained with the target price unchanged at $0.96.
This report was published on October 24, 2025.
Target price is $0.96 Current Price is $0.71 Difference: $0.25
If VAU meets the Canaccord Genuity target it will return approximately 35% (excluding dividends, fees and charges).
Current consensus price target is $0.92, suggesting upside of 29.1%(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 7.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.14.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 4.9, implying annual growth of 40.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 14.5.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 12.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.92.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 10.1, implying annual growth of 106.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 7.0.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((VAU)) as Buy (1) –
Moelis notes Vault Minerals reported a solid start to FY26, with group production and sales exceeding expectations, driven primarily by legacy Silver Lake assets, while King of the Hill (KOTH) achieved a processing record.
The first stage of the KOTH plant expansion remains on track for completion by year-end, and group guidance is unchanged at 332–360koz at $2,650–$2,850/oz.
The analyst’s estimates remain more conservative at 349koz and $3,030/oz, reflecting lower inventory credits and near-term cost pressure.
The hedge book continues to unwind, with a greater proportion of unhedged sales expected to lift cash generation through 2H26.
Buy rating retained with the target price raised to $0.93 from $0.85, supported by improving fundamentals and cash flow momentum.
This report was published on October 26, 2025.
Target price is $0.93 Current Price is $0.71 Difference: $0.22
If VAU meets the Moelis target it will return approximately 31% (excluding dividends, fees and charges).
Current consensus price target is $0.92, suggesting upside of 29.1%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.24.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 4.9, implying annual growth of 40.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 14.5.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 8.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.55.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 10.1, implying annual growth of 106.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 7.0.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WDS WOODSIDE ENERGY GROUP LIMITED
NatGas – Overnight Price: $24.16
Jarden rates ((WDS)) as Overweight (2) –
Jarden notes Woodside Energy delivered a strong September quarter driven by high LNG facility uptime and Sangomar field performance, prompting FY25 production guidance to lift to 192–197mmboe from 188–195mmboe.
Production of 50.8mmboe exceeded the broker’s forecast by 7% and consensus by 5%, while sales revenue of US$3.4bn was 9% ahead of Jarden and 2% above consensus on higher LNG marketing volumes.
Unit production cost guidance was reduced to US$7.6–8.1/boe from US$8.0–8.5/boe, reflecting solid cost control and stronger output.
Growth projects including Scarborough, Trion, and Beaumont remain on schedule and within budget, with Scarborough now 91% complete and first LNG potentially ahead of mid-2026.
Overweight retained with the target price raised to $24.20 from $24.10.
This report was published on October 22, 2025.
Target price is $24.20 Current Price is $24.16 Difference: $0.04
If WDS meets the Jarden target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $25.78, suggesting upside of 6.7%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 143.21 cents and EPS of 178.86 cents.
At the last closing share price the estimated dividend yield is 5.93%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.51.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 171.7, implying annual growth of N/A.
Current consensus DPS estimate is 152.4, implying a prospective dividend yield of 6.3%.
Current consensus EPS estimate suggests the PER is 14.1.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 71.61 cents and EPS of 91.07 cents.
At the last closing share price the estimated dividend yield is 2.96%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.53.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 102.1, implying annual growth of -40.5%.
Current consensus DPS estimate is 88.8, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 23.7.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
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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