Australian Broker Call *Extra* Edition – Apr 10, 2025

This story features ARENA REIT, and other companies. For more info SHARE ANALYSIS: ARF

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)

ARF   ASK   BGL   CMM (2)   DEG   EVN (2)   GOR   GYG   HUB   IPX   LIC   NEM   NST   NWL   PPS   PTM (2)   RRL   TLC   TLS   TPG   VAU   WDS  

ARF    ARENA REIT

REITs – Overnight Price: $3.52

Moelis rates ((ARF)) as Upgrade to Buy from Hold (1) –

Moelis reckons the -17% fall in Arena REIT’s share price is overdone, and excluding Goodman Group ((GMG)), it has underperformed the sector by -13%.

In the broker’s assessment, the business model is defensive in the current uncertain macro backdrop while also being a beneficiary of likely interest rate cuts.

Rating upgraded to Buy from Hold on valuation grounds. Target unchanged at $3.98.

This report was published on April 8, 2025.

Target price is $3.98 Current Price is $3.52 Difference: $0.46
If ARF meets the Moelis target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $4.25, suggesting upside of 16.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 18.30 cents and EPS of 18.70 cents.
At the last closing share price the estimated dividend yield is 5.20%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.82.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.6, implying annual growth of 15.6%.
Current consensus DPS estimate is 18.3, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 19.7.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 19.20 cents and EPS of 19.60 cents.
At the last closing share price the estimated dividend yield is 5.45%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.96.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 19.4, implying annual growth of 4.3%.
Current consensus DPS estimate is 19.1, implying a prospective dividend yield of 5.2%.
Current consensus EPS estimate suggests the PER is 18.9.

Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ASK    ABACUS STORAGE KING

REITs – Overnight Price: $1.42

Moelis rates ((ASK)) as Downgrade to Hold from Buy (3) –

A consortium of Ki Corporation and Public Storage has offered to acquire the remaining shares in Abacus Storage King for $1.47/share.

The offer is at a -8% discount to NTA, but at a 27% premium to pre-offer close.

Moelis believes it is a positive outcome for shareholders and has a relatively high probability of succeeding in the current form.

Rating downgraded to Hold from Buy. Target rises to $1.47 from $1.38.

This report was published on April 7, 2025.

Target price is $1.47 Current Price is $1.42 Difference: $0.05
If ASK meets the Moelis target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $1.47, suggesting upside of 2.6%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 6.20 cents and EPS of 6.50 cents.
At the last closing share price the estimated dividend yield is 4.37%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.85.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.2, implying annual growth of -41.1%.
Current consensus DPS estimate is 6.3, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 23.1.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 6.30 cents and EPS of 6.70 cents.
At the last closing share price the estimated dividend yield is 4.44%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.19.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.4, implying annual growth of 3.2%.
Current consensus DPS estimate is 6.4, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 22.3.

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

BGL    BELLEVUE GOLD LIMITED

Gold & Silver – Overnight Price: $1.15

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

Noting the outperformance of gold stocks in 1Q25 vs the gold price, Goldman Sachs believes gold equities will continue to outperform the commodity this year. This would be on a combination of rising gold prices and lower unit costs.

In the medium term, the broker expects performance to be driven by margins/cash generation, improving balance sheet, and exploration upside, with M&A likely continuing.

The broker retains a Buy rating on Bellevue Gold, noting it has a strong production outlook beyond expansion ramp-up up but a downgrade in guidance is likely.

Target cut to $1.45 from $1.50.

This report was published on April 4, 2025.

Target price is $1.45 Current Price is $1.15 Difference: $0.305
If BGL meets the Goldman Sachs target it will return approximately 27% (excluding dividends, fees and charges).
Current consensus price target is $1.56, suggesting upside of 36.5%(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 3.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 38.17.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 4.7, implying annual growth of -27.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 24.4.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 15.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.63.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 14.2, implying annual growth of 202.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 8.1.

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

CMM    CAPRICORN METALS LIMITED

Gold & Silver – Overnight Price: $8.42

Goldman Sachs rates ((CMM)) as Upgrade to Buy from Neutral (1) –

Noting the outperformance of gold stocks in 1Q25 vs the gold price, Goldman Sachs believes gold equities will continue to outperform the commodity this year. This would be on a combination of rising gold prices and lower unit costs.

In the medium term, the broker expects performance to be driven by margins/cash generation, improving balance sheet, and exploration upside, with M&A likely continuing.

Capricorn Metals upgraded to Buy from Neutral as the broker sees potential for continued margin performance at Karlawinda and net cash position even after funding expansion projects.

Target rises to $9.90 from $7.70.

This report was published on April 4, 2025.

Target price is $9.90 Current Price is $8.42 Difference: $1.48
If CMM meets the Goldman Sachs target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is $8.48, suggesting downside of -4.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 EPS of 45.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.71.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 37.0, implying annual growth of 60.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 23.9.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 EPS of 69.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.20.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 51.7, implying annual growth of 39.7%.
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.

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

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

Jarden analysts raised gold price forecast for the June quarter to US$3,100/oz from US$,2700 for the June quarter. They also lifted FY25/26/27/28 forecasts to US$2,774/US$2,800/US$2,500/US$2,400/oz from US$2,498/US$2,250/US$2,150/US$2,150.

The broker notes AUD/USD forecast of $0.64 and the spot gold forecast in AUD terms of $4,844/oz would result in over 50% earnings (EBITDA) margins for domestic gold producers. On this benchmark, spot gold prices are unsustainably high.

The broker increased FY26 EPS forecast for Capricorn Metals by 24% and FY27 by 34%.

Overweight. Target price lifts to $9.04 from $8.04.

This report was published on April 8, 2025.

Target price is $9.04 Current Price is $8.42 Difference: $0.62
If CMM meets the Jarden target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $8.48, suggesting downside of -4.1%(ex-dividends)
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 37.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 37.0, implying annual growth of 60.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 23.9.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 47.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.91.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 51.7, implying annual growth of 39.7%.
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.

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

DEG    DE GREY MINING LIMITED

Gold & Silver – Overnight Price: $2.25

Goldman Sachs rates ((DEG)) as No Rating (-1) –

Noting the outperformance of gold stocks in 1Q25 vs the gold price, Goldman Sachs believes gold equities will continue to outperform the commodity this year. This would be on a combination of rising gold prices and lower unit costs.

In the medium term, the broker expects performance to be driven by margins/cash generation, improving balance sheet, and exploration upside, with M&A likely continuing.

No rating or target price on De Grey Mining.

This report was published on April 4, 2025.

Current Price is $2.25. Target price not assessed.
Current consensus price target is $2.36, suggesting upside of 0.3%(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 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -0.3, 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 N/A.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1.2, 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 195.8.

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

EVN    EVOLUTION MINING LIMITED

Gold & Silver – Overnight Price: $6.63

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

Noting the outperformance of gold stocks in 1Q25 vs the gold price, Goldman Sachs believes gold equities will continue to outperform the commodity this year. This would be on a combination of rising gold prices and lower unit costs.

In the medium term, the broker expects performance to be driven by margins/cash generation, improving balance sheet, and exploration upside, with M&A likely continuing.

The broker retained Neutral rating on Evolution Mining, while highlighting the stock offers also optionality on copper prices.

Target rises to $7.40 from $5.35.

This report was published on April 4, 2025.

Target price is $7.40 Current Price is $6.63 Difference: $0.77
If EVN meets the Goldman Sachs target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $6.23, suggesting downside of -11.8%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 17.00 cents and EPS of 49.00 cents.
At the last closing share price the estimated dividend yield is 2.56%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.53.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 46.1, implying annual growth of 109.4%.
Current consensus DPS estimate is 18.2, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 15.3.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 22.00 cents and EPS of 74.00 cents.
At the last closing share price the estimated dividend yield is 3.32%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.96.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 57.1, implying annual growth of 23.9%.
Current consensus DPS estimate is 23.1, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 12.4.

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

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

Jarden analysts raised gold price forecast for the June quarter to US$3,100/oz from US$,2700 for the June quarter. They also lifted FY25/26/27/28 forecasts to US$2,774/US$2,800/US$2,500/US$2,400/oz from US$2,498/US$2,250/US$2,150/US$2,150.

The broker notes AUD/USD forecast of $0.64 and the spot gold forecast in AUD terms of $4,844/oz would result in over 50% earnings () margins for domestic gold producers. On this benchmark, spot gold prices are unsustainably high.

The broker increased FY26 EPS forecast for Evolution Mining by 55% and FY27 by 40%.

Underweight retained. Target price lifts to $5.66 from $4.68.

This report was published on April 8, 2025.

Target price is $5.66 Current Price is $6.63 Difference: minus $0.97 (current price is over target).
If EVN meets the Jarden target it will return approximately minus 15% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $6.23, suggesting downside of -11.8%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 19.00 cents and EPS of 44.00 cents.
At the last closing share price the estimated dividend yield is 2.87%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.07.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 46.1, implying annual growth of 109.4%.
Current consensus DPS estimate is 18.2, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 15.3.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 19.00 cents and EPS of 56.00 cents.
At the last closing share price the estimated dividend yield is 2.87%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.84.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 57.1, implying annual growth of 23.9%.
Current consensus DPS estimate is 23.1, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 12.4.

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

GOR    GOLD ROAD RESOURCES LIMITED

Gold & Silver – Overnight Price: $3.00

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

Noting the outperformance of gold stocks in 1Q25 vs the gold price, Goldman Sachs believes gold equities will continue to outperform the commodity this year. This would be on a combination of rising gold prices and lower unit costs.

In the medium term, the broker expects performance to be driven by margins/cash generation, improving balance sheet, and exploration upside, with M&A likely continuing.

The broker believes an unhedged company like Gold Road Resources is set to benefit the most from improved gold pricing.

Buy. Target rises to $3.40 from $2.80.

This report was published on April 4, 2025.

Target price is $3.40 Current Price is $3.00 Difference: $0.4
If GOR meets the Goldman Sachs target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $2.93, suggesting downside of -3.8%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 6.10 cents and EPS of 29.70 cents.
At the last closing share price the estimated dividend yield is 2.03%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.10.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 24.3, implying annual growth of 84.4%.
Current consensus DPS estimate is 3.6, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 12.6.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 13.00 cents and EPS of 38.00 cents.
At the last closing share price the estimated dividend yield is 4.33%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.89.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 24.3, implying annual growth of N/A.
Current consensus DPS estimate is 4.1, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 12.6.

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

GYG    GUZMAN Y GOMEZ LIMITED

Food, Beverages & Tobacco – Overnight Price: $31.77

Wilsons rates ((GYG)) as Overweight (1) –

Following Guzman y Gomez’s 3Q25 update, Wilsons made changes to forecasts for FY25, factoring in higher same-store sales growth for the Australian market but cutting Australian stores by two, while raising US stores by one.

This results in a lift in the profit before tax forecast for FY25 by 3%.

Overweight. Target rises to $42.88 from $42.47.

This report was published on April 9, 2025.

Target price is $42.88 Current Price is $31.77 Difference: $11.11
If GYG meets the Wilsons target it will return approximately 35% (excluding dividends, fees and charges).
Current consensus price target is $38.33, suggesting upside of 13.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 27.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 117.23.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.3, implying annual growth of N/A.
Current consensus DPS estimate is 4.7, implying a prospective dividend yield of 0.1%.
Current consensus EPS estimate suggests the PER is 275.4.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 38.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 82.52.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 25.7, implying annual growth of 108.9%.
Current consensus DPS estimate is 12.3, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 131.8.

Market Sentiment: 0.7
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: $57.41

Wilsons rates ((HUB)) as Upgrade to Overweight from Market Weight (1) –

Wilsons has upgraded Hub24 to Overweight from Market Weight as the share price is well above its downward revised EPS estimates.

The broker believes the recent share selloff in the wealth platform companies has opened a rare opportunity to buy into these high-quality fintech businesses.

The analyst notes tariffs won’t impact the operating of these platforms but lower fees from reduced FUA balances would impact operating leverage. Hub24 is, however, less exposed due to its lower exposure to high net worth and pension phase cohorts.

Target price cut to $65.06 from $82.00. 

This report was published on April 9, 2025.

Target price is $65.06 Current Price is $57.41 Difference: $7.65
If HUB meets the Wilsons target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $78.99, suggesting upside of 24.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 51.00 cents and EPS of 112.20 cents.
At the last closing share price the estimated dividend yield is 0.89%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 51.17.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 111.0, implying annual growth of 90.9%.
Current consensus DPS estimate is 53.0, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 57.4.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 67.50 cents and EPS of 134.00 cents.
At the last closing share price the estimated dividend yield is 1.18%.
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 137.2, implying annual growth of 23.6%.
Current consensus DPS estimate is 67.3, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 46.4.

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

IPX    IPERIONX LIMITED

Industrial Metals – Overnight Price: $2.18

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

Petra Capital believes Iperionx is a beneficiary of tariffs imposed by the US, pointing to the strong share price performance of US-listed uranium companies.

Tariffs are a boost to US-made lithium via cost advantage and higher demand from original equipment manufacturers as they reassess supply chain.

One reason for underperformance would be the company is not generating revenue yet, but the upside risk on tariffs provides an attractive entry opportunity, the broker notes.

Buy. Target unchanged at $6.75.

This report was published on April 9, 2025.

Target price is $6.75 Current Price is $2.18 Difference: $4.57
If IPX meets the Petra Capital target it will return approximately 210% (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 2.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 94.78.

Forecast for FY26:

Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 50.70.

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

LIC    LIFESTYLE COMMUNITIES LIMITED

Aged Care & Seniors – Overnight Price: $7.16

Moelis rates ((LIC)) as Buy (1) –

Moelis notes monthly net sales for Lifestyle Communities’ improved in the 3Q25 to around 17 from 10 back in July last year, though it is still not enough to maintain development earnings. However, on a per-unit basis it still makes development profits.

The company managed to reduce inventory in line with its strategy, with a fall to 242 homes in March from 269 in December, but this is also falling short of management’s optimal range of 113-148 homes.

The broker expects gearing to rise to 29% by June from 25% in December and sees that as a peak 

No change to forecasts. Buy rating with $11.50 target price.

This report was published on April 7, 2025.

Target price is $11.50 Current Price is $7.16 Difference: $4.34
If LIC meets the Moelis target it will return approximately 61% (excluding dividends, fees and charges).
Current consensus price target is $9.57, suggesting upside of 32.2%(ex-dividends)
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 26.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.22.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 38.3, implying annual growth of -16.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.9.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 44.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 37.5, implying annual growth of -2.1%.
Current consensus DPS estimate is 5.3, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 19.3.

Market Sentiment: 0.6
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: $76.06

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

Noting the outperformance of gold stocks in 1Q25 vs the gold price, Goldman Sachs believes gold equities will continue to outperform the commodity this year. This would be on a combination of rising gold prices and lower unit costs.

In the medium term, the broker expects performance to be driven by margins/cash generation, improving balance sheet, and exploration upside, with M&A likely continuing.

The broker sees longer-term fundamental value in Newmont Corp, with options created from divestments.

Buy. Target rises to $95.50 from $78.50.

This report was published on April 4, 2025.

Target price is $95.50 Current Price is $76.06 Difference: $19.44
If NEM meets the Goldman Sachs target it will return approximately 26% (excluding dividends, fees and charges).
Current consensus price target is $86.80, suggesting upside of 9.2%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 153.54 cents and EPS of 761.55 cents.
At the last closing share price the estimated dividend yield is 2.02%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.99.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 526.7, implying annual growth of N/A.
Current consensus DPS estimate is 163.3, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 15.1.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 153.54 cents and EPS of 922.77 cents.
At the last closing share price the estimated dividend yield is 2.02%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.24.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 505.2, implying annual growth of -4.1%.
Current consensus DPS estimate is 164.2, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 15.7.

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

NST    NORTHERN STAR RESOURCES LIMITED

Gold & Silver – Overnight Price: $19.29

Jarden rates ((NST)) as Neutral (3) –

Jarden analysts raised gold price forecast for the June quarter to US$3,100/oz from US$,2700 for the June quarter. They also lifted FY25/26/27/28 forecasts to US$2,774/US$2,800/US$2,500/US$2,400/oz from US$2,498/US$2,250/US$2,150/US$2,150.

The broker notes AUD/USD forecast of $0.64 and the spot gold forecast in AUD terms of $4,844/oz would result in over 50% earnings (EBITDA) margins for domestic gold producers. On this benchmark, spot gold prices are unsustainably high.

The broker’s preferred large cap exposure is Northern Star Resources over Evolution Mining ((EVN)).

Neutral. Target price lifts to $18.10 from $15.40.

This report was published on April 8, 2025.

Target price is $18.10 Current Price is $19.29 Difference: minus $1.19 (current price is over target).
If NST 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 $20.54, suggesting upside of 2.6%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 55.00 cents and EPS of 119.00 cents.
At the last closing share price the estimated dividend yield is 2.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.21.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 110.0, implying annual growth of 97.8%.
Current consensus DPS estimate is 51.9, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 18.2.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 60.00 cents and EPS of 156.00 cents.
At the last closing share price the estimated dividend yield is 3.11%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.37.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 166.5, implying annual growth of 51.4%.
Current consensus DPS estimate is 58.1, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 12.0.

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

NWL    NETWEALTH GROUP LIMITED

Wealth Management & Investments – Overnight Price: $22.61

Wilsons rates ((NWL)) as Upgrade to Overweight from Market Weight (1) –

Wilsons has upgraded Netwealth Group to Overweight from Market Weight. Despite lowering FY25-26 EPS forecasts by up to -11%, the broker believes the share price fall is overdone. 

The broker reckons the recent share selloff in the wealth platform companies has opened a rare opportunity to buy into these high-quality fintech businesses.

The analyst notes tariffs won’t impact the operating of these platforms but lower fees from reduced FUA balances would impact operating leverage. 

Target price cut to $25.12 from $32.54.

This report was published on April 9, 2025.

Target price is $25.12 Current Price is $22.61 Difference: $2.51
If NWL meets the Wilsons target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $29.16, suggesting upside of 14.5%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 34.90 cents and EPS of 46.00 cents.
At the last closing share price the estimated dividend yield is 1.54%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 49.15.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 46.4, implying annual growth of 35.8%.
Current consensus DPS estimate is 37.2, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 54.9.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 38.00 cents and EPS of 49.80 cents.
At the last closing share price the estimated dividend yield is 1.68%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 45.40.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 55.3, implying annual growth of 19.2%.
Current consensus DPS estimate is 44.7, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 46.1.

Market Sentiment: 0.2
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: $0.60

Wilsons rates ((PPS)) as Downgrade to Market Weight from Overweight (3) –

Wilsons believes the recent share selloff in the wealth platform companies has opened a rare opportunity to buy into these high-quality fintech businesses.

The analyst notes tariffs won’t impact the operating of these platforms but lower fees from reduced FUA balances would impact operating leverage. 

In the case of Praemium, the broker lowered EPS forecasts following negative investment returns in late-March and early April, and sees elevated outflow risks in the short-term. 

Rating downgraded to Market Weight from Overweight. Target cut to 67c from 89c.

This report was published on April 9, 2025.

Target price is $0.67 Current Price is $0.60 Difference: $0.07
If PPS meets the Wilsons target it will return approximately 12% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 2.00 cents and EPS of 3.30 cents.
At the last closing share price the estimated dividend yield is 3.33%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.18.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 2.00 cents and EPS of 3.30 cents.
At the last closing share price the estimated dividend yield is 3.33%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.18.

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

PTM    PLATINUM ASSET MANAGEMENT LIMITED

Wealth Management & Investments – Overnight Price: $0.54

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

Platinum Asset Management experienced a decline in funds under management in the March quarter, down to $10.3bn from $11.1bn at the end of December.

Goldman Sachs notes market volatility into April 2025 suggests there will be additional outflow pressure going to 4Q25.

The broker cut earnings forecasts following the weaker-than-expected March quarter, partly offset by cost savings, but retained the Sell rating on downside risks to flows.

Sell. Target cut to 56c from 65c.

This report was published on April 7, 2025.

Target price is $0.56 Current Price is $0.54 Difference: $0.02
If PTM meets the Goldman Sachs target it will return approximately 4% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 26.00 cents and EPS of 7.00 cents.
At the last closing share price the estimated dividend yield is 48.15%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.71.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 5.00 cents and EPS of 4.00 cents.
At the last closing share price the estimated dividend yield is 9.26%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.50.

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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Jarden rates ((PTM)) as Neutral (3) –

Platinum Asset Management saw -$302m net outflow in the March quarter, worse than Jarden’s estimate of -$224m. Total funds under management declined to $10.28bn vs the broker’s forecast of $10.41bn.

The broker expects net outflows to remain elevated in the coming six months given the change in portfolio manager in early March.

But there are positives too, including good progress in cost-out plans and the company retaining management rights for LICs, Platinum Capital ((PMC)) and Platinum Asia Investments ((PAI)).

The analyst cut FY25 EPS forecast by -2% and FY26 by -9.8%.

Neutral. Target drops to 54c from 59c.

This report was published on April 7, 2025.

Target price is $0.54 Current Price is $0.54 Difference: $0
If PTM meets the Jarden target it will return approximately 0% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 24.40 cents and EPS of 5.60 cents.
At the last closing share price the estimated dividend yield is 45.19%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.64.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 3.60 cents and EPS of 3.60 cents.
At the last closing share price the estimated dividend yield is 6.67%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.00.

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

RRL    REGIS RESOURCES LIMITED

Gold & Silver – Overnight Price: $4.12

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

Noting the outperformance of gold stocks in 1Q25 vs the gold price, Goldman Sachs believes gold equities will continue to outperform the commodity this year. This would be on a combination of rising gold prices and lower unit costs.

In the medium term, the broker expects performance to be driven by margins/cash generation, improving balance sheet, and exploration upside, with M&A likely continuing.

The broker retained Sell rating on Regis Resources on valuation, modest capital growth and production uncertainty over the longer term.

Target rises to $4.15 from $2.85.

This report was published on April 4, 2025.

Target price is $4.15 Current Price is $4.12 Difference: $0.03
If RRL meets the Goldman Sachs target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $3.89, suggesting downside of -9.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Goldman Sachs forecasts a full year FY25 dividend of 4.00 cents and EPS of 35.80 cents.
At the last closing share price the estimated dividend yield is 0.97%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.51.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 28.4, implying annual growth of N/A.
Current consensus DPS estimate is 0.7, implying a prospective dividend yield of 0.2%.
Current consensus EPS estimate suggests the PER is 15.2.

Forecast for FY26:

Goldman Sachs forecasts a full year FY26 dividend of 12.00 cents and EPS of 70.20 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 5.87.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 50.6, implying annual growth of 78.2%.
Current consensus DPS estimate is 7.9, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 8.5.

Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TLC    LOTTERY CORPORATION LIMITED

Gaming – Overnight Price: $4.90

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

In Jarden’s view, Lottery Corp can be considered as a domestic safe haven amid volatile markets and an uncertain macroeconomic backdrop. 

The broker believes the company is now well-placed for operating leverage improvement following the completion of separation costs. The broker is forecasting earnings (EBITDA) margin growth of only 70bps to 21.5% by FY27, which leaves it open for upside risk.

Downside risk to FY25 earnings is low with LotteryWest data suggesting the company remains on track to meet the broker’s 2H25 turnover forecasts.

Overweight. Target unchanged at $5.15.

This report was published on April 7, 2025.

Target price is $5.15 Current Price is $4.90 Difference: $0.25
If TLC meets the Jarden target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $5.53, suggesting upside of 11.6%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 16.50 cents and EPS of 16.10 cents.
At the last closing share price the estimated dividend yield is 3.37%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 30.43.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 16.5, implying annual growth of -11.3%.
Current consensus DPS estimate is 16.7, implying a prospective dividend yield of 3.4%.
Current consensus EPS estimate suggests the PER is 30.0.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 19.50 cents and EPS of 19.20 cents.
At the last closing share price the estimated dividend yield is 3.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.52.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.7, implying annual growth of 13.3%.
Current consensus DPS estimate is 18.5, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 26.5.

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

TLS    TELSTRA GROUP LIMITED

Telecommunication – Overnight Price: $4.34

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

Jarden reckons Optus’ move to raise the price for most of its postpaid plans by $3/month is a positive development for Telstra Group and the mobile industry in general.

The broker notes Telstra hasn’t had a price increase for more than 12 months, but assumes a relatively small increase of $2/month in FY26. The key risk is consumers switching from postpaid to prepaid plans due to continued cost-of-living pressures.

Overweight. Target unchanged at $4.30.

This report was published on April 7, 2025.

Target price is $4.30 Current Price is $4.34 Difference: minus $0.04 (current price is over target).
If TLS meets the Jarden target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.24, suggesting downside of -3.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 19.00 cents and EPS of 19.10 cents.
At the last closing share price the estimated dividend yield is 4.38%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.72.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 19.1, implying annual growth of 35.9%.
Current consensus DPS estimate is 19.0, implying a prospective dividend yield of 4.3%.
Current consensus EPS estimate suggests the PER is 23.1.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 20.00 cents and EPS of 21.00 cents.
At the last closing share price the estimated dividend yield is 4.61%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.67.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 21.0, implying annual growth of 9.9%.
Current consensus DPS estimate is 20.0, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 21.0.

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

TPG    TPG TELECOM LIMITED

Telecommunication – Overnight Price: $4.79

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

Jarden reckons Optus’ move to raise the price for most of its postpaid plans by $3/month is a positive development for TPG Telecom and the mobile industry in general.

The broker believes the price increase indicates Optus’ confidence it can maintain market share even with competition from TPG in regional areas. The key risk for these companies, however, is more consumers switching to prepaid plans from postpaid due to continued cost of living pressures.

Overweight. Target unchanged at $5.10.

This report was published on April 7, 2025.

Target price is $5.10 Current Price is $4.79 Difference: $0.31
If TPG meets the Jarden target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $4.79, suggesting downside of -1.7%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 19.00 cents and EPS of 17.60 cents.
At the last closing share price the estimated dividend yield is 3.97%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.22.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 19.0, implying annual growth of N/A.
Current consensus DPS estimate is 18.7, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 25.6.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 21.00 cents and EPS of 21.70 cents.
At the last closing share price the estimated dividend yield is 4.38%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.07.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.6, implying annual growth of 24.2%.
Current consensus DPS estimate is 19.5, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 20.6.

Market Sentiment: -0.1
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: $0.40

Jarden rates ((VAU)) as Buy (1) –

Jarden analysts raised gold price forecast for the June quarter to US$3,100/oz from US$,2700 for the June quarter. They also lifted FY25/26/27/28 forecasts to US$2,774/US$2,800/US$2,500US$/2,400/oz from US$2,498/US$2,250/US$2,150/US$2,150.

The broker notes AUD/USD forecast of $0.64 and the spot gold forecast in AUD terms of $4,844/oz would result in over 50% earnings (EBITDA) margins for domestic gold producers. On this benchmark, spot gold prices are unsustainably high.

The broker increased FY26 EPS forecast for Vault Minerals by 53% and FY27 by 51%.

Buy. Target price lifts to 58c from 52c.

This report was published on April 8, 2025.

Target price is $0.58 Current Price is $0.40 Difference: $0.18
If VAU meets the Jarden target it will return approximately 45% (excluding dividends, fees and charges).
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 5.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.00.

Forecast for FY26:

Jarden 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 6.90.

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: $19.15

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

Jarden reckons Woodside Energy’s move to sell 40% interest in Louisiana LNG Infrastructure to Stonepeak makes a final investment decision on the project likely in the coming weeks.

However, the broker expects a delay in the sale of an interest in the entity controlling the LNG processing capacity until later in 2025 or 2026.

The recent sale will reduce the company’s gearing by 3% in FY26, and the sale is a key reason the broker prefers Woodside over Santos ((STO)). 

No change to forecasts. Overweight with $27 target price.

This report was published on April 8, 2025.

Target price is $27.00 Current Price is $19.15 Difference: $7.85
If WDS meets the Jarden target it will return approximately 41% (excluding dividends, fees and charges).
Current consensus price target is $25.77, suggesting upside of 26.1%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 150.47 cents and EPS of 190.24 cents.
At the last closing share price the estimated dividend yield is 7.86%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.07.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 170.4, implying annual growth of N/A.
Current consensus DPS estimate is 136.3, implying a prospective dividend yield of 6.7%.
Current consensus EPS estimate suggests the PER is 12.0.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 95.19 cents and EPS of 120.53 cents.
At the last closing share price the estimated dividend yield is 4.97%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.89.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 113.3, implying annual growth of -33.5%.
Current consensus DPS estimate is 90.2, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 18.0.

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

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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.

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.

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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