Daily Market Reports | Apr 01 2025
This story features AURUM RESOURCES LIMITED, and other companies. For more info SHARE ANALYSIS: AUE
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COMPANIES DISCUSSED IN THIS ISSUE
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The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
AUE AYA BMN HSN OPT ORA RWC STK SVL TRE WBC WES
AUE AURUM RESOURCES LIMITED
Gold & Silver – Overnight Price: $0.35
Petra Capital rates ((AUE)) as Buy (1) –
After recently reporting high-grade intercepts at the Boundiali Gold Project, Aurum Resources struck the best drill result to date with 83.0m at 4.87g/t gold from 106m at BD Target 1.
Petra Capital notes current resources are 1.59Moz, which could rise to over 2.0Moz in the June quarter update, with more likely in the December quarter.
Buy with target price of 93c. The broker highlights the company is trading cheaply at an EV/Resource of $30/oz vs peer average of $95/oz.
This report was published on March 28, 2025.
Target price is $0.93 Current Price is $0.35 Difference: $0.575
If AUE meets the Petra Capital target it will return approximately 162% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AYA ARTRYA LIMITED
Medical Equipment & Devices – Overnight Price: $0.75
Petra Capital rates ((AYA)) as Buy (1) –
Petra Capital raised the target price for Artrya to $2.62 from $2.26 after the company received FDA approval for the Salix Coronary Anatomy product.
The broker forecasts first revenue from the product in the June quarter, and sees FDA clearance for higher value products within the next 6-12 months. If this comes to pass, the broker expects the company to become profitable in FY27 and exceed $100m revenue by FY30.
Buy maintained.
This report was published on March 31, 2025.
Target price is $2.62 Current Price is $0.75 Difference: $1.87
If AYA meets the Petra Capital target it will return approximately 249% (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 16.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 4.49.
Forecast for FY26:
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 3.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 25.00.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BMN BANNERMAN ENERGY LIMITED
Uranium – Overnight Price: $2.54
Petra Capital rates ((BMN)) as Buy (1) –
Petra Capital highlights the rain event in Namibia had only minimal impact on Bannerman Energy’s Etango Uranium Project, with work progressing well towards a positive final investment decision in 2025.
The broker notes the company committed lower-than-expected -$24.4m capex as of December 31, leaving it with $56.7m cash for working capital and discretionary spending.
Buy. Target price of $4.23.
This report was published on March 28, 2025.
Target price is $4.23 Current Price is $2.54 Difference: $1.69
If BMN meets the Petra Capital target it will return approximately 67% (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 1.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 158.75.
Forecast for FY26:
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 169.33.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
HSN HANSEN TECHNOLOGIES LIMITED
IT & Support – Overnight Price: $5.00
Moelis rates ((HSN)) as Initiation of coverage with Buy (1) –
Moelis has initiated coverage of Hansen Technologies with a Buy rating and target price of $6.
The broker notes the company has successfully navigated challenges in the past from existing and new competitors, including start-ups, and this will continue, forcing it to evolve continually.
The acquisition of powercloud not only provides opportunities in Germany, Switzerland and Austria but has helped in cost savings and thus margin improvement.
The broker’s forecast includes a successful turnaround of powercloud, which is expected to drive cash flows and aid in debt reduction.
Key risks include cyber and IT systems risks, apart from competition and forex movements.
This report was published on March 31, 2025.
Target price is $6.00 Current Price is $5.00 Difference: $1
If HSN meets the Moelis target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $6.64, suggesting upside of 32.5%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 11.00 cents and EPS of 20.40 cents.
At the last closing share price the estimated dividend yield is 2.20%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.51.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 19.5, implying annual growth of 88.0%.
Current consensus DPS estimate is 10.0, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 25.7.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 12.00 cents and EPS of 26.10 cents.
At the last closing share price the estimated dividend yield is 2.40%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 26.6, implying annual growth of 36.4%.
Current consensus DPS estimate is 10.3, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 18.8.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
OPT OPTHEA LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $0.60
Canaccord Genuity rates ((OPT)) as Buy (1) –
Canaccord Genuity has placed Opthea’s forecasts and Buy rating under review and provided no target price (was $1.25 on February 4).
The broker notes the phase III Coast study trial (OPT-302 in combination with Eylea) failed and the company may not be able to continue as a going concern.
The broker had previously assessed a 65% probability of success.
This report was published on March 24, 2025.
Current Price is $0.60. Target price not assessed.
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 13.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 4.62.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 6.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 10.00.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ORA ORORA LIMITED
Paper & Packaging – Overnight Price: $1.88
Jarden rates ((ORA)) as Overweight (2) –
Already facing challenges with the turnaround of the Saverglass business, Orora received a fresh blow from an investigation from French competition authority about anti-competitive practices predating the 2023 acquisition.
Jarden assesses the potential fine in case of an adverse finding would be up to EUR65m based on 10% of Saverglass’ FY22 revenue.
The broker noted its discussions with Orora suggested there may be an indemnification clause in the M&A agreement to cover such adverse events, but more details are needed.
Overweight retained. Target unchanged at $2.40.
This report was published on March 29, 2025.
Target price is $2.40 Current Price is $1.88 Difference: $0.52
If ORA meets the Jarden target it will return approximately 28% (excluding dividends, fees and charges).
Current consensus price target is $2.44, suggesting upside of 28.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 10.00 cents and EPS of 11.40 cents.
At the last closing share price the estimated dividend yield is 5.32%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.49.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 11.9, implying annual growth of -19.8%.
Current consensus DPS estimate is 9.3, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 15.9.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 10.90 cents and EPS of 15.50 cents.
At the last closing share price the estimated dividend yield is 5.80%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.13.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.5, implying annual growth of 21.8%.
Current consensus DPS estimate is 10.2, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 13.0.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
RWC RELIANCE WORLDWIDE CORP. LIMITED
Building Products & Services – Overnight Price: $4.47
Goldman Sachs rates ((RWC)) as Buy (1) –
In a note assessing Reliance Worldwide in the context of a -12% share price fall since the 1H25 result, Goldman Sachs highlights the valuation and solid balance sheet support the Buy rating.
The broker highlights the stock is trading at a discount when compared with its peers and also at a -21% discount to its FY26 EBIT estimate.
The broker forecasts 2% growth in 2H25 US sales and believes the UK plumbing and heating market may have bottomed. The broker also expects the company to manage tariff risks and potentially a competitive edge to some of its products.
Target unchanged at $6.
This report was published on March 27, 2025.
Target price is $6.00 Current Price is $4.47 Difference: $1.53
If RWC meets the Goldman Sachs target it will return approximately 34% (excluding dividends, fees and charges).
Current consensus price target is $5.65, 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 dividend of 9.20 cents and EPS of 29.13 cents.
At the last closing share price the estimated dividend yield is 2.06%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.35.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 32.3, implying annual growth of N/A.
Current consensus DPS estimate is 9.7, implying a prospective dividend yield of 2.2%.
Current consensus EPS estimate suggests the PER is 13.8.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 9.20 cents and EPS of 33.73 cents.
At the last closing share price the estimated dividend yield is 2.06%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.25.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 36.4, implying annual growth of 12.7%.
Current consensus DPS estimate is 11.1, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 12.3.
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
STK STRICKLAND METALS LIMITED
Mining – Overnight Price: $0.11
Canaccord Genuity rates ((STK)) as Speculative Buy (1) –
Strickland Metals reported an updated resource for the flagship Shanac deposit at the Rogozna project in Serbia, which boosted the overall resource by 10%.
Canaccord Genuity notes the updated resource plus the maiden resource over Medenovac has pushed the gold equivalent resource at Rogozna by 36% in the past month.
The resource was delivered at $3/oz, making it a low-cost exploration, the broker highlights.
Speculative Buy with target price of 18c.
This report was published on March 27, 2025.
Target price is $0.18 Current Price is $0.11 Difference: $0.07
If STK meets the Canaccord Genuity target it will return approximately 64% (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 0.00 cents.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 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
SVL SILVER MINES LIMITED
Gold & Silver – Overnight Price: $0.10
Petra Capital rates ((SVL)) as Buy (1) –
An ongoing diamond drilling program at Silver Mines’ Bowden Silver Project will test the mineralisation below the reserve pit and has the potential to increase ore reserves, Petra Capital points out.
The company stated the open pit could be extended by a further 50m to increase reserves but needs the development consent to be reinstated.
Petra Capital forecasts the consent and mine lease approval by the end of 2025, which would be the next catalyst for the stock.
Buy rating and target price of 14c.
This report was published on March 28, 2025.
Target price is $0.14 Current Price is $0.10 Difference: $0.035
If SVL meets the Petra Capital target it will return approximately 33% (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 0.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 52.50.
Forecast for FY26:
Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 52.50.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
TRE TOUBANI RESOURCES LIMITED REGISTERED
Gold & Silver – Overnight Price: $0.24
Canaccord Genuity rates ((TRE)) as Speculative Buy (1) –
Canaccord Genuity notes Toubani Resources’ agreement with the government of Mali to develop the Kobada Gold Project under the 2023 mining code was done with better terms than its modelled scenario.
The company is targeting a final investment decision in late 2025.
Speculative Buy retained. Target price $1.40.
This report was published on March 31, 2025.
Target price is $1.40 Current Price is $0.24 Difference: $1.16
If TRE meets the Canaccord Genuity target it will return approximately 483% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WBC WESTPAC BANKING CORPORATION
Banks – Overnight Price: $31.57
Jarden rates ((WBC)) as Underweight (4) –
Jarden notes the update on Westpac’s Unite overhaul project, highlighting there was no change in scope but deposit ledger consolidation is not costed.
The broker expects the project to cost more than budgeted and take longer to implement.
The analyst lifted the FY25 EPS forecast by 1.0% mainly due to lower bad debts but cut the FY26 forecast by -2.2% on higher operating expenses.
Target reduced to $31.00 from $31.20. Underweight retained.
This report was published on March 28, 2025.
Target price is $31.00 Current Price is $31.57 Difference: minus $0.57 (current price is over target).
If WBC meets the Jarden target it will return approximately minus 2% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $29.07, suggesting downside of -7.4%(ex-dividends)
The company’s fiscal year ends in September.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 168.00 cents and EPS of 200.40 cents.
At the last closing share price the estimated dividend yield is 5.32%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.75.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 199.0, implying annual growth of -0.9%.
Current consensus DPS estimate is 155.4, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 15.8.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 156.00 cents and EPS of 199.00 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 15.86.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 198.8, implying annual growth of -0.1%.
Current consensus DPS estimate is 156.6, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 15.8.
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WES WESFARMERS LIMITED
Consumer Products & Services – Overnight Price: $72.01
Goldman Sachs rates ((WES)) as Buy (1) –
Following Bunnings’ Strategy Day in Melbourne, Goldman Sachs is more confident about the retailer’s ability to increase market share and manage product ranges to boost sales and profits.
The broker notes the retailer is focused on new product launches but with an eye on maximising space usage.
There is also an emphasis on exclusive product ranges and pack sizes, and more push towards commercial sales by providing additional services.
Digital and technology are also the retailer’s key focus. Target price unchanged at $80.40. Buy retained.
This report was published on March 27, 2025.
Target price is $80.40 Current Price is $72.01 Difference: $8.39
If WES meets the Goldman Sachs target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $70.29, suggesting downside of -3.3%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Goldman Sachs forecasts a full year FY25 dividend of 200.00 cents and EPS of 231.00 cents.
At the last closing share price the estimated dividend yield is 2.78%.
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 238.3, implying annual growth of 5.6%.
Current consensus DPS estimate is 202.2, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 30.5.
Forecast for FY26:
Goldman Sachs forecasts a full year FY26 dividend of 227.00 cents and EPS of 259.00 cents.
At the last closing share price the estimated dividend yield is 3.15%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.80.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 265.0, implying annual growth of 11.2%.
Current consensus DPS estimate is 228.0, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 27.4.
Market Sentiment: -0.5
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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Decisions about inclusions in this Report are made independently of the providers of stock market research and at full discretion of the team of journalists responsible for content at FNArena. Inclusion does not equal endorsement, in any way, shape or form. This Report is provided for informational purposes only.
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CHARTS
For more info SHARE ANALYSIS: AUE - AURUM RESOURCES LIMITED
For more info SHARE ANALYSIS: AYA - ARTRYA LIMITED
For more info SHARE ANALYSIS: BMN - BANNERMAN ENERGY LIMITED
For more info SHARE ANALYSIS: HSN - HANSEN TECHNOLOGIES LIMITED
For more info SHARE ANALYSIS: OPT - OPTHEA LIMITED
For more info SHARE ANALYSIS: ORA - ORORA LIMITED
For more info SHARE ANALYSIS: RWC - RELIANCE WORLDWIDE CORP. LIMITED
For more info SHARE ANALYSIS: STK - STRICKLAND METALS LIMITED
For more info SHARE ANALYSIS: SVL - SILVER MINES LIMITED
For more info SHARE ANALYSIS: TRE - TOUBANI RESOURCES LIMITED REGISTERED
For more info SHARE ANALYSIS: WBC - WESTPAC BANKING CORPORATION
For more info SHARE ANALYSIS: WES - WESFARMERS LIMITED