Australian Broker Call *Extra* Edition – Jul 29, 2025

This story features BAPCOR LIMITED, and other companies.
For more info SHARE ANALYSIS: BAP
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)

BAP   BOE   CEH   CTM   CU6   CXL   CXO   FPH   GDG   GLF   GLN (2)   GT1   GTK   HUB   IGO   ILU   IMB   KAR (2)   LTR   MQG   NST   OFX (2)   PDN   PLL   PLS   PLT   PMT   REG   SNL   SYA   TWE   VAU   VUL   WDS   WR1  

BAP    BAPCOR LIMITED

Automobiles & Components – Overnight Price: $3.74

Canaccord Genuity rates ((BAP)) as Upgrade to Buy from Hold (1) –

Bapcor provided a disappointing trading update with FY25 net profit forecast of $81-82m well below Canaccord Genuity’s $97.7m forecast and $96.4m consensus.

The company also flagged -$45m mainly non-cash write-downs which is in addition to -$4.7m in 1H25. The broker believes the company’s turnaround story will likely be heavily weighted to the back end of the five-year timeframe.

Another concerning news was resignation of three board member, but the broker believes some of it is mitigated by the change in structure, though more clarity is required. The company can become a target again but a formal offer is seen as less likely.

FY25 EPS forecast cut by -16.3% and FY26 by -21.3%. Target trimmed to $4.15 from $4.99. Rating upgraded to Buy from Hold.

This report was published on July 24, 2025.

Target price is $4.15 Current Price is $3.74 Difference: $0.41
If BAP meets the Canaccord Genuity target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $3.85, suggesting upside of 2.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 14.00 cents and EPS of 24.00 cents.
At the last closing share price the estimated dividend yield is 3.74%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.58.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 25.0, implying annual growth of N/A.
Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 15.0.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 15.00 cents and EPS of 24.00 cents.
At the last closing share price the estimated dividend yield is 4.01%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.58.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 27.1, implying annual growth of 8.4%.
Current consensus DPS estimate is 13.9, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 13.8.

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

BOE    BOSS ENERGY LIMITED

Uranium – Overnight Price: $1.91

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

Boss Energy’s MD and CEO Duncan Craig is stepping down on September 30 and his position will be taken by COO Matt Dusci from October 1 subject to finalising terms.

Canaccord Genuity notes Dusci has a good track record and was an acting CEO at IGO Ltd ((IGO)) before moving to this company. 

Craig oversaw the ramping up of Honeymoon mine in line with expectations but his exit has surprised the broker.

Speculative Buy. Target price $5.30.

This report was published on July 24, 2025.

Target price is $5.30 Current Price is $1.91 Difference: $3.39
If BOE meets the Canaccord Genuity target it will return approximately 177% (excluding dividends, fees and charges).
Current consensus price target is $3.65, suggesting upside of 91.5%(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 7.95 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 24.03.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 2.3, implying annual growth of -80.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 82.8.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 26.81 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.12.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.3, implying annual growth of 913.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 8.2.

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

CEH    COAST ENTERTAINMENT HOLDINGS LIMITED

Travel, Leisure & Tourism – Overnight Price: $0.37

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

Canaccord Genuity assesses Coast Entertainment’s FY25 result as resilient despite weather disruption from Tropical Cyclone Alfred and sees FY26 as a defining year with upside driven by new attractions.

Revenue in 2H25 was up 12% y/y but missed the broker’s estimate by -7%. Ticket value was up 10.5% y/y and the highest since FY16, and visitation was up 11.2% y/y, helped by Rivertown opening in December 2024.

FY25-26 revenue forecasts cut by -4%. Buy. Target unchanged at 60c.

This report was published on July 24, 2025.

Target price is $0.60 Current Price is $0.37 Difference: $0.23
If CEH meets the Canaccord Genuity target it will return approximately 62% (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 minus 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 37.00.

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

CTM    CENTAURUS METALS LIMITED

Nickel – Overnight Price: $0.41

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

Centaurus Metals published significant copper-gold mineralisation at the Nelore East prospect in the Boi Novo copper-gold project. The results after drilling of five holes showed strong potential at depth and along strike.

The company has paused drilling to focus on geological interpretation and structural control which will guide further deeper drilling. 

Canaccord Genuity notes continued exploration success could lead to discussions with BHP Billiton (BHP)) for future plant access, given its Antas Norte plan is 20km away.

Speculative Buy. Target unchanged at 80c. 

This report was published on July 24, 2025.

Target price is $0.80 Current Price is $0.41 Difference: $0.39
If CTM meets the Canaccord Genuity target it will return approximately 95% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 51.25.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 29.29.

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

CU6    CLARITY PHARMACEUTICALS LIMITED

Medical Equipment & Devices – Overnight Price: $4.21

Wilsons rates ((CU6)) as Overweight (1) –

Wilsons maintains an Overweight rating and $8.50 target price on Clarity Pharmaceuticals, citing renewed investor confidence following completion of the Co-PSMA study recruitment.

The trial compares Clarity’s 64Cu-SARbisPSMA with Illuccix in patients with biochemical recurrence.

A positive result would mark a key clinical differentiator in the PSMA imaging space, highlights the broker, particularly for broadening indications in recurrence and metastatic settings.

The analysts expect Clarity’s agent to outperform in detection rates, with a 20% improvement seen as potentially practice-changing.Clinical utility is expected to hinge on validation by independent outcomes studies such as PSMA-SRT and Empire-2.

While first commercial revenue from 64Cu-SARbisPSMA is now forecast for FY28, this has minimal impact on the broker’s valuation assumptions.

Wilsons views Co-PSMA as a pivotal catalyst and sees potential for valuation upside toward prior 2024 highs as Phase III programs progress and attention turns to 67Cu development.

This report was published on July 28, 2025.

Target price is $8.50 Current Price is $4.21 Difference: $4.29
If CU6 meets the Wilsons target it will return approximately 102% (excluding dividends, fees and charges).
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 minus 17.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 24.34.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 28.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 14.67.

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

CXL    CALIX LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $0.60

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

Canaccord Genuity considers the recent $44.9m grant to Calix for its Zesty green iron project as a material positive catalyst for the stock. The broker believes it is a strong external validation and increases the visibility of the pathway to market.

The company announced it has the resources and balance sheet to progress the project through to the end of FY26 with an intention to finance the remaining investment through equity funding.

Final investment decision is anticipated in FY26, subject to further financing and detailed design and engineering.

Buy. Target unchanged at $2.40.

This report was published on July 24, 2025.

Target price is $2.40 Current Price is $0.60 Difference: $1.8
If CXL meets the Canaccord Genuity target it will return approximately 300% (excluding dividends, fees and charges).

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

CXO    CORE LITHIUM LIMITED

New Battery Elements – Overnight Price: $0.11

Canaccord Genuity rates ((CXO)) as Upgrade to Speculative Buy from Hold (1) –

Canaccord Genuity has revised its outlook for the lithium sector from a conservative to a more positive outlook.

The broker believes demand is much stronger than previously expected, and for the first time since 2022, it expects demand growth to exceed supply growth.

SC6 price forecast lifted by 6% for 2025, 5% for 2026 and 22% for 2027. 

In the case of developer/explorer coverage, the broker’s target price reduced by an average -5% due to project/financing delays and dilution from capital raising.

Core Lithium’s rating upgraded to Speculative Buy from Hold. Target rises to 15c from 10c.

This report was published on July 25, 2025.

Target price is $0.15 Current Price is $0.11 Difference: $0.04
If CXO meets the Canaccord Genuity target it will return approximately 36% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 11.00.

Forecast for FY26:

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

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

FPH    FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED

Medical Equipment & Devices – Overnight Price: $33.30

Jarden rates ((FPH)) as Neutral (3) –

Fisher & Paykel Healthcare’s investor day focused on changing clinical practices within the hospital business, Jarden reports.

The company highlighted examples from the Australian market and the potential for expanding the practices into larger markets like the US.

No trading update was provided. Neutral. Target unchanged at NZ$34.50.

This report was published on July 24, 2025.

Current Price is $33.30. Target price not assessed.
Current consensus price target is N/A
The company’s fiscal year ends in March.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 44.75 cents and EPS of 68.87 cents.
At the last closing share price the estimated dividend yield is 1.34%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 48.36.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 66.5, implying annual growth of N/A.
Current consensus DPS estimate is 44.0, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 50.1.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 51.15 cents and EPS of 78.36 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 42.49.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 78.6, implying annual growth of 18.2%.
Current consensus DPS estimate is 51.2, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 42.4.

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

GDG    GENERATION DEVELOPMENT GROUP LIMITED

Wealth Management & Investments – Overnight Price: $5.85

Moelis rates ((GDG)) as Buy (1) –

Generation Development’s FUM at the end of the June quarter of $4.4bn beat Moelis’ forecast of $4.1bn. The net flow of $255m for the quarter was higher than the broker’s $164m estimate.

The broker notes the quarter was a record-breaking one for sales inflow, and annual investment bond sales surpassed $1bn for the first time.

Buy. Target price $6.26.

This report was published on July 24, 2025.

Target price is $6.26 Current Price is $5.85 Difference: $0.41
If GDG meets the Moelis target it will return approximately 7% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 2.00 cents and EPS of 8.30 cents.
At the last closing share price the estimated dividend yield is 0.34%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 70.48.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 4.70 cents and EPS of 11.50 cents.
At the last closing share price the estimated dividend yield is 0.80%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 50.87.

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

GLF    GEMLIFE COMMUNITIES GROUP

Infra & Property Developers – Overnight Price: $4.20

Wilsons rates ((GLF)) as Initiation of coverage with Overweight (1) –

Wilsons has initiated coverage of Gemlife Communities with an Overweight rating and target price of $4.94.

The broker believes the company is well positioned to benefit from a favourable demand backdrop and generates attractive and stable home build margins.

Importantly, it is well-capitalised and under base case, gearing is expected to reach 29% by FY27 — the midpoint of management 25-35% target.

The broker’s FY25 and 1H26 forecasts are in line with the IPO prospectus with 21% EPS growth estimated in FY26 and 14% in FY27.

Key risks to the share price include delays or shortfalls in home settlement volumes and any covenant pressure on the balance sheet.

This report was published on July 25, 2025.

Target price is $4.94 Current Price is $4.20 Difference: $0.74
If GLF meets the Wilsons target it will return approximately 18% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 1.10 cents and EPS of 22.60 cents.
At the last closing share price the estimated dividend yield is 0.26%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.58.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 1.60 cents and EPS of 27.40 cents.
At the last closing share price the estimated dividend yield is 0.38%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.33.

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

GLN    GALAN LITHIUM LIMITED

New Battery Elements – Overnight Price: $0.14

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

Canaccord Genuity has revised its outlook for the lithium sector from a conservative to a more positive outlook.

The broker believes demand is much stronger than previously expected, and for the first time since 2022, it expects demand growth to exceed supply growth.

SC6 price forecast lifted by 6% for 2025, 5% for 2026 and 22% for 2027. 

In the case of developer/explorer coverage, the broker’s target price reduced by an average -5% due to project/financing delays and dilution from capital raising.

Speculative Buy maintained for Galan Lithium. Target rises to 20c from 18c.

This report was published on July 25, 2025.

Target price is $0.20 Current Price is $0.14 Difference: $0.06
If GLN meets the Canaccord Genuity target it will return approximately 43% (excluding dividends, fees and charges).

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

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

Petra Capital notes Galan Lithium has succeeded in obtaining investment incentives under the Incentive Regime for Large Investments scheme for its Hombre Muerto West project, and the major impact is a lowering of the tax rate to 25% from 35%.

This has a “material” impact on the analyst’s costs, cash flows, and valuation of the miner.

The estimated valuation on Hombre Muerto West lifts by $101m to $703m.

Buy rating unchanged. Target rises to 42c from 36c.

This report was published on July 28, 2025.

Target price is $0.42 Current Price is $0.14 Difference: $0.28
If GLN meets the Petra Capital target it will return approximately 200% (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 70.00.

Forecast for FY26:

Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 140.00.

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

GT1    GREEN TECHNOLOGY METALS LIMITED

New Battery Elements – Overnight Price: $0.03

Canaccord Genuity rates ((GT1)) as Speculative Buy (1) –

Canaccord Genuity has revised its outlook for the lithium sector from a conservative to a more positive outlook.

The broker believes demand is much stronger than previously expected, and for the first time since 2022, it expects demand growth to exceed supply growth.

SC6 price forecast lifted by 6% for 2025, 5% for 2026 and 22% for 2027. 

In the case of developer/explorer coverage, the broker’s target price reduced by an average -5% due to project/financing delays and dilution from capital raising.

Speculative Buy maintained for Green Technology Metals. Target trimmed to 18c from 20c.

This report was published on July 25, 2025.

Target price is $0.18 Current Price is $0.03 Difference: $0.15
If GT1 meets the Canaccord Genuity target it will return approximately 500% (excluding dividends, fees and charges).

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

GTK    GENTRACK GROUP LIMITED

Software & Services – Overnight Price: $9.97

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

Wilsons acknowledges the likely loss of a major customer, believed to be Red Energy, as a setback for Gentrack Group. The loss is attributed to aggressive competition from Kraken, which has been actively pursuing high-profile wins.

While competitive intensity has increased, particularly in developed markets, the broker believes Gentrack’s international strategy remains intact. New contract wins are expected in Continental Europe and Southeast Asia.

The analysts highlight upside from the UK B2C water market, and sees recent investor reaction as overly driven by recency bias, overlooking recent renewals and the Utility Warehouse win.

Despite removing -$6m in revenue and around -$4m in earnings (EBITDA) from FY27 forecasts, Wilsons maintains Gentrack’s growth outlook is supported by its differentiated regional focus and continued pipeline.

Wilsons retains an Overweight rating and lowers its price target to $11.21 from $11.82.

This report was published on July 28, 2025.

Target price is $11.82 Current Price is $9.97 Difference: $1.85
If GTK meets the Wilsons target it will return approximately 19% (excluding dividends, fees and charges).
Current consensus price target is $12.83, suggesting upside of 28.7%(ex-dividends)
The company’s fiscal year ends in September.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 0.00 cents and EPS of 12.24 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 81.46.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 13.2, 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 75.5.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 20.55 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 48.52.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 20.4, implying annual growth of 54.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 48.9.

This company reports in NZD. 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

HUB    HUB24 LIMITED

Wealth Management & Investments – Overnight Price: $105.42

Moelis rates ((HUB)) as Hold (3) –

Hub24’s 4Q25 platform net flow of $5.3bn beat Moelis’ forecast of $5.0bn and the consensus of $4.9bn.

FUA at the end of the quarter of $112.7bn also beat the broker’s forecast. 

The broker points to 12.5% y/y growth in adviser numbers as a leading indicator of future flows.

Hold. Target unchanged at $107.94.

This report was published on July 24, 2025.

Target price is $107.94 Current Price is $105.42 Difference: $2.52
If HUB meets the Moelis target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $92.43, suggesting downside of -12.3%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 55.50 cents and EPS of 114.10 cents.
At the last closing share price the estimated dividend yield is 0.53%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 92.39.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 111.1, implying annual growth of 91.1%.
Current consensus DPS estimate is 53.0, implying a prospective dividend yield of 0.5%.
Current consensus EPS estimate suggests the PER is 94.9.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 74.90 cents and EPS of 153.80 cents.
At the last closing share price the estimated dividend yield is 0.71%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 68.54.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 143.7, implying annual growth of 29.3%.
Current consensus DPS estimate is 71.1, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 73.4.

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

IGO    IGO LIMITED

Nickel – Overnight Price: $5.00

Canaccord Genuity rates ((IGO)) as Hold (3) –

Canaccord Genuity has revised its outlook for the lithium sector from a conservative to a more positive outlook.

The broker believes demand is much stronger than previously expected, and for the first time since 2022, it expects demand growth to exceed supply growth.

SC6 price forecast lifted by 6% for 2025, 5% for 2026 and 22% for 2027. 

The broker lifted IGO Ltd’s EBITDA estimate by 19% for FY26 and by 42% for FY27.

Hold. Target lifted to $4.80 from $3.60.

This report was published on July 25, 2025.

Target price is $4.80 Current Price is $5.00 Difference: minus $0.2 (current price is over target).
If IGO meets the Canaccord Genuity target it will return approximately minus 4% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $4.03, suggesting downside of -19.5%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 20.00 cents and EPS of minus 9.00 cents.
At the last closing share price the estimated dividend yield is 4.00%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 55.56.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -28.6, implying annual growth of N/A.
Current consensus DPS estimate is 1.3, implying a prospective dividend yield of 0.3%.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 9.00 cents and EPS of 5.00 cents.
At the last closing share price the estimated dividend yield is 1.80%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 100.00.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.6, implying annual growth of N/A.
Current consensus DPS estimate is 7.4, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 75.8.

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

ILU    ILUKA RESOURCES LIMITED

Mineral Sands – Overnight Price: $5.24

Canaccord Genuity rates ((ILU)) as Upgrade to Buy from Hold (1) –

Iluka Resources’ June quarter production for zircon, rutile and synthetic rutile beat both Canaccord Genuity and the consensus forecasts significantly due to better-than-expected zircon sand volumes.

Sales were a small beat vs the broker’s estimate as higher zircon sales offset lower synthetic rutile sales on shipping timing, but missed consensus. Average realised prices were n line with guidance for zircon but rutile was lower -3% q/q.

Net debt was lower than expected due to lower capex spend, but the broker expects this to be made up in 2H25. The broker believes the company is on track to achieve previously flagged FY25 guidance but notes market outlook for its products remains subdued.

Target rises to $5.85 from $4.40 after factoring in June quarter results and de-risking Eneabba project valuation. Rating upgraded to Buy from Hold.

This report was published on July 24, 2025.

Target price is $5.85 Current Price is $5.24 Difference: $0.61
If ILU meets the Canaccord Genuity target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $5.62, suggesting upside of 7.3%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 8.00 cents and EPS of 50.00 cents.
At the last closing share price the estimated dividend yield is 1.53%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.48.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 32.8, implying annual growth of -39.4%.
Current consensus DPS estimate is 6.8, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 16.0.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 8.00 cents and EPS of 57.00 cents.
At the last closing share price the estimated dividend yield is 1.53%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.19.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 30.2, implying annual growth of -7.9%.
Current consensus DPS estimate is 9.4, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 17.4.

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

IMB    INTELLIGENT MONITORING GROUP LIMITED

Commercial Services & Supplies – Overnight Price: $0.65

Moelis rates ((IMB)) as Buy (1) –

Intelligent Monitoring’s June quarter update pointed to operating cash flow for FY25 falling marginally short of Moelis’ forecast and underlying EBITDA of $38.6m missing the broker’s estimate of $40.1m.

Still, the broker sees the update as positive, demonstrating the company’s cash generation capability, and further improvement going ahead as one-off factors fade.

The broker also sees buyback of 10% of issued capital as a sign of confidence in cash generating capability. No buyback factored into forecasts but it is seen as an upside risk.

Target rises to 92c from 91c. Buy maintained.

This report was published on July 25, 2025.

Target price is $0.92 Current Price is $0.65 Difference: $0.27
If IMB meets the Moelis target it will return approximately 42% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 43.33.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.50.

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

KAR    KAROON ENERGY LIMITED

Crude Oil – Overnight Price: $1.90

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

Jarden reckons Karoon Energy is following a strategy of underpromising and overdelivering by leaving FY25 guidance unchanged despite strong performance in Brazil.

June quarter group production of 2.94mmboe was 1% ahead of the broker’s forecast and 2% higher than the consensus. Revenue missed expectations but it was a timing issue,

The broker forecasts FY25 production of 8.2mmbbl vs guidance of 6.7-7.7mmbbl, and notes the company is progressing quickly to develop its discoveries, with Who Dat East expected to reach FID in late 2025/early 2026.

Target price lifted to $2.15 from $2.10 on bullish outlook on growth projects. Overweight retained.

This report was published on July 24, 2025.

Target price is $2.15 Current Price is $1.90 Difference: $0.25
If KAR meets the Jarden target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $2.13, suggesting upside of 12.2%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 7.89 cents and EPS of 30.46 cents.
At the last closing share price the estimated dividend yield is 4.15%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.24.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 20.2, implying annual growth of N/A.
Current consensus DPS estimate is 4.8, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 9.4.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 6.80 cents and EPS of 26.91 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 7.06.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.4, implying annual growth of 15.8%.
Current consensus DPS estimate is 5.6, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 8.1.

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

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

Wilsons assesses Karoon Energy’s June quarter report as broadly in line, with revenue missing its forecast, production above and sales volume meeting its estimate.

The broker had previously flagged the stock as a turnaround story and reiterated that view based on expectations of a potential reserve upgrade in August.

The broker has now factored in a rise of 6mmbbls to 2P reserves as it moves from 2C, and a three-year extensions to the Bauna oil field to 2034.

Overweight. Target price $2.14.

This report was published on July 25, 2025.

Target price is $2.14 Current Price is $1.90 Difference: $0.24
If KAR meets the Wilsons target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $2.13, suggesting upside of 12.2%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 7.58 cents and EPS of 23.97 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 7.93.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 20.2, implying annual growth of N/A.
Current consensus DPS estimate is 4.8, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 9.4.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 12.37 cents and EPS of 41.13 cents.
At the last closing share price the estimated dividend yield is 6.51%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.62.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.4, implying annual growth of 15.8%.
Current consensus DPS estimate is 5.6, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 8.1.

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

LTR    LIONTOWN RESOURCES LIMITED

New Battery Elements – Overnight Price: $0.87

Canaccord Genuity rates ((LTR)) as Hold (3) –

Canaccord Genuity has revised its outlook for the lithium sector from a conservative to a more positive outlook.

The broker believes demand is much stronger than previously expected, and for the first time since 2022, it expects demand growth to exceed supply growth.

SC6 price forecast lifted by 6% for 2025, 5% for 2026 and 22% for 2027. 

The broker trimmed Liontown Resources’ EBITDA estimate by -3% for FY26, but increased FY27 forecast by 64%. 

Hold. Target rises to 95c from 50c.

This report was published on July 25, 2025.

Target price is $0.95 Current Price is $0.87 Difference: $0.08
If LTR meets the Canaccord Genuity target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $0.57, suggesting downside of -34.1%(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 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 87.00.

How do these forecasts compare to market consensus projections?

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

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 4.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 21.75.

How do these forecasts compare to market consensus projections?

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

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

MQG    MACQUARIE GROUP LIMITED

Wealth Management & Investments – Overnight Price: $216.23

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

Jarden views Macquarie Group as a “great” business that is snarled between its own business model transition and a global readjustment of geopolitics and capital flows.

The analyst believes the recycling of capital out of public and into private markets should improve the group’s growth and returns.

The AGM’s 1Q26 update showed net profit was down on the previous year due to the timing of investment-related income from asset revaluations, somewhat offset by a rise in performance fees.

CFO Alex Harvey is stepping down at the end of 2025 and will retire in mid-2026. Jarden expects 2026 earnings growth of around 8%, with consensus cash net profit after tax to rise 20% in 1H26 on the previous year.

Underweight. Target unchanged at $200.

This report was published on July 24, 2025.

Target price is $200.00 Current Price is $216.23 Difference: minus $16.23 (current price is over target).
If MQG meets the Jarden target it will return approximately minus 8% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $221.98, suggesting upside of 2.7%(ex-dividends)
The company’s fiscal year ends in March.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 693.00 cents and EPS of 1011.60 cents.
At the last closing share price the estimated dividend yield is 3.20%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.38.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1096.8, implying annual growth of 12.0%.
Current consensus DPS estimate is 716.8, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 19.7.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 783.00 cents and EPS of 1148.01 cents.
At the last closing share price the estimated dividend yield is 3.62%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.84.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 1185.7, implying annual growth of 8.1%.
Current consensus DPS estimate is 755.0, implying a prospective dividend yield of 3.5%.
Current consensus EPS estimate suggests the PER is 18.2.

Market Sentiment: 0.2
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: $15.92

Jarden rates ((NST)) as Neutral (3) –

Jarden was disappointed with FY26 guidance from Northern Star Resources and believes the upcoming August 3 trip to KCGM will be very important to ascertain the extent of improvements in this core asset.

Management has again increased capex expectations, with the analyst noting a rise of around 59% on FY25 to circa -$750m, as well as two new categories for capex: ‘operational development’ and ‘operational readiness’.

Total FY26 capex guidance is -$1.86bn–$2.01bn.

A new hedging policy has also been implemented following the De Grey Mining acquisition. The book stands at 1.43Moz at $3,286/oz and expires in the June half of 2028.

No change in Neutral rating. Target falls to $15.10 from $19.40.

This report was published on July 25, 2025.

Target price is $15.10 Current Price is $15.92 Difference: minus $0.82 (current price is over target).
If NST meets the Jarden target it will return approximately minus 5% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $20.10, suggesting upside of 26.3%(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 96.70 cents.
At the last closing share price the estimated dividend yield is 3.45%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.46.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 105.8, implying annual growth of 90.3%.
Current consensus DPS estimate is 50.2, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 15.0.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 55.00 cents and EPS of 109.30 cents.
At the last closing share price the estimated dividend yield is 3.45%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.57.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 124.7, implying annual growth of 17.9%.
Current consensus DPS estimate is 42.0, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 12.8.

Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

OFX    OFX GROUP LIMITED

Diversified Financials – Overnight Price: $0.86

Canaccord Genuity rates ((OFX)) as Upgrade to Buy from Hold (1) –

OFX Group’s 1Q26 net operating incomes was up 11% q/q, and pointed to $220m annualised vs Canaccord Genuity’s forecast of $216m.

The broker assesses the update as incrementally positive based on the outlook for the global new client platform NCP which showed migrated clients increased their FX activity by over 10% in June.

The broker left net operating income forecasts unchanged but lifted FY26 EBITDA forecast by 5% on confidence around unit economics from the NCP rollout.

Target rises to $1.10 from $1.00. Rating upgraded to Buy from Hold.

This report was published on July 24, 2025.

Target price is $1.10 Current Price is $0.86 Difference: $0.24
If OFX meets the Canaccord Genuity target it will return approximately 28% (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 and EPS of 3.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.05.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.93.

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

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Wilsons rates ((OFX)) as Market Weight (3) –

Wilsons believes OFX Group’s 1Q26 update showed the worst has passed but is still cautious about the short-term outlook given global growth and uncertainty concerns. 

The broker lifted FY26-27 net operating income forecasts by 1-2% on an improved start to FY26 and lowered its expense growth forecasts. This, together with share buyback announcement, resulted in sharp upgrades to FY26-27 EPS forecasts.

Market Weight. Target unchanged at 94c.

This report was published on July 25, 2025.

Target price is $0.94 Current Price is $0.86 Difference: $0.08
If OFX meets the Wilsons target it will return approximately 9% (excluding dividends, fees and charges).
The company’s fiscal year ends in March.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.86.

Forecast for FY27:

Wilsons forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.86.

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

PDN    PALADIN ENERGY LIMITED

Uranium – Overnight Price: $6.91

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

Paladin Energy’s June quarter production was up 33% q/q and beat Canaccord Genuity’s forecast, and operating cost was lower than expected. Sales and realised price missed the broker’s forecast, resulting in a miss on net cash and liquidity.

The broker believes FY26 guidance was conservative and cost estimate was higher. Still, FY26 production forecast was lowered to 4.4Mlbs from 4.5Mlbs, and cost and capex estimates were lifted.

The overall impact on FY26 EBITDA forecast is a decline to US$105m from US$121m. Buy. Target trimmed to $12.60 from $12.80.

This report was published on July 24, 2025.

Target price is $12.60 Current Price is $6.91 Difference: $5.69
If PDN meets the Canaccord Genuity target it will return approximately 82% (excluding dividends, fees and charges).
Current consensus price target is $8.99, suggesting upside of 30.0%(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 14.69 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 47.04.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -5.2, 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 N/A.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 9.28 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 74.48.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 27.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 24.9.

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

PLL    PIEDMONT LITHIUM INC

New Battery Elements – Overnight Price: $0.13

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

Canaccord Genuity has a research restriction on Piedmont Lithium. No rating or target price.

This report was published on July 25, 2025.

Current Price is $0.13. Target price not assessed.

Market Sentiment: 1.0
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: $1.70

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

Canaccord Genuity has revised its outlook for the lithium sector from a conservative to a more positive outlook.

The broker believes demand is much stronger than previously expected, and for the first time since 2022, it expects demand growth to exceed supply growth.

SC6 price forecast lifted by 6% for 2025, 5% for 2026 and 22% for 2027. 

The broker lifted Pilbara Minerals’ EBITDA estimate by 28% for FY26 and by 42% for FY27.

Buy. Target unchanged at $2.70.

This report was published on July 25, 2025.

Target price is $2.70 Current Price is $1.70 Difference: $1
If PLS meets the Canaccord Genuity target it will return approximately 59% (excluding dividends, fees and charges).
Current consensus price target is $1.58, suggesting downside of -7.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 2.00 cents and EPS of minus 21.00 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 minus 8.10.

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 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 2.00 cents and EPS of 4.00 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 42.50.

How do these forecasts compare to market consensus projections?

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

Market Sentiment: 0.3
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: $1.07

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

Following a deeper analysis of Plenti Group’s 1Q26 results, Wilsons lifted origination growth forecast by 6-8% across FY26-28.

Cash net profit forecasts increased by 2% to 10% across FY26-28, with upside risks seen from the federal government’s cheaper battery scheme.

Overweight. Target rises to $1.44 from $1.32.

This report was published on July 25, 2025.

Target price is $1.44 Current Price is $1.07 Difference: $0.37
If PLT meets the Wilsons target it will return approximately 35% (excluding dividends, fees and charges).
The company’s fiscal year ends in March.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 12.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.84.

Forecast for FY27:

Wilsons forecasts a full year FY27 dividend of 0.00 cents and EPS of 12.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.36.

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

PMT    PATRIOT BATTERY METALS INC

Mining – Overnight Price: $0.46

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

Canaccord Genuity has revised its outlook for the lithium sector from a conservative to a more positive outlook.

The broker believes demand is much stronger than previously expected, and for the first time since 2022, it expects demand growth to exceed supply growth.

SC6 price forecast lifted by 6% for 2025, 5% for 2026 and 22% for 2027. 

Speculative Buy retained for Patriot Battery Metals. Target rises to 65c from 55c.

This report was published on July 25, 2025.

Target price is $0.65 Current Price is $0.46 Difference: $0.19
If PMT meets the Canaccord Genuity target it will return approximately 41% (excluding dividends, fees and charges).
Current consensus price target is $0.65, suggesting upside of 41.3%(ex-dividends)
The company’s fiscal year ends in March.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 460.00.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -7.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.09 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 516.85.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -11.2, 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 N/A.

This company reports in CAD. 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

REG    REGIS HEALTHCARE LIMITED

Aged Care & Seniors – Overnight Price: $8.00

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

Regis Healthcare acquired Rockpool Aged Care which translates to the purchase of four premium aged care sites in Brisbane/Sunshine Coast for -$135m.

After accounting for refundable accommodation deposit, Jarden estimates the cash component is -$95m. The company expects FY26 EBITDA to be $7-8m and the deal to be EPS accretive with further growth/synergies in future years.

The broker lifted FY26 EPS forecast by 3% and FY27 by 4.9%. Overweight. Target rises to $8.05 from $7.74.

This report was published on July 24, 2025.

Target price is $8.05 Current Price is $8.00 Difference: $0.05
If REG meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 13.70 cents and EPS of 17.70 cents.
At the last closing share price the estimated dividend yield is 1.71%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 45.20.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 17.40 cents and EPS of 24.70 cents.
At the last closing share price the estimated dividend yield is 2.18%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 32.39.

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

SNL    SUPPLY NETWORK LIMITED

Automobiles & Components – Overnight Price: $37.79

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

Supply Network reported preliminary FY25 results, which came in slightly below Moelis’ and consensus forecasts.

Revenue grew around 15% on the previous year, which is below the compound average rate of circa 23% between FY22–FY24, but marginally above the long-term average of around 14% per annum.

Net profit after tax rose 20% to $39.7m, with a 2H25 dividend of 38c per share, for a total 70c dividend.

Management guided to FY26 revenue of $50m, representing 14.4% growth on FY25. Moelis doesn’t believe there were any changes to the company’s competitive position.

Rating downgraded to Hold from Buy on valuation grounds. Target price set at $40.10.

This report was published on July 28, 2025.

Target price is $40.10 Current Price is $37.79 Difference: $2.31
If SNL meets the Moelis target it will return approximately 6% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 70.00 cents and EPS of 91.70 cents.
At the last closing share price the estimated dividend yield is 1.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 41.21.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 78.50 cents and EPS of 104.60 cents.
At the last closing share price the estimated dividend yield is 2.08%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 36.13.

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

SYA    SAYONA MINING LIMITED

New Battery Elements – Overnight Price: $0.02

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

Canaccord Genuity has a research restriction on Sayona Mining. No rating or target price.

This report was published on July 25, 2025.

Current Price is $0.02. Target price not assessed.

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

TWE    TREASURY WINE ESTATES LIMITED

Food, Beverages & Tobacco – Overnight Price: $7.91

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

Jarden believes Treasury Wine Estates’ Penfolds brand appears too expensive, driving market share loss, as peers cut prices, and as luxury wine demand in China remains weak. 

The broker notes Penfolds’ suppy is expected to rise significantly through FY26-28 and the company may need to devise pricing strategy to ensure the brand relevance doesn’t decline.

One identified positive is incoming CEO Sam Fischer who starts October 27 and has a track record of successfully growing prestige brands in his previous role at Diageo.

Overweight. Target unchanged at $10.

This report was published on July 24, 2025.

Target price is $10.00 Current Price is $7.91 Difference: $2.09
If TWE meets the Jarden target it will return approximately 26% (excluding dividends, fees and charges).
Current consensus price target is $9.57, suggesting upside of 20.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 38.00 cents and EPS of 58.30 cents.
At the last closing share price the estimated dividend yield is 4.80%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.57.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 57.7, implying annual growth of 354.3%.
Current consensus DPS estimate is 38.9, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 13.7.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 45.00 cents and EPS of 62.70 cents.
At the last closing share price the estimated dividend yield is 5.69%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.62.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 63.8, implying annual growth of 10.6%.
Current consensus DPS estimate is 41.8, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 12.4.

Market Sentiment: 0.5
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: $0.38

Jarden rates ((VAU)) as Buy (1) –

Vault Minerals’ FY25 sales missed the company’s guidance by -1.2% while cost came within, but at the high side of guidance. Strong cash generation put the company in a debt-free balance sheet position.

For FY26, Jarden expects -4% lower production vs FY25 at 365koz, lower than consensus of 375koz. Cost forecast of $2,505/oz is about the consensus of $2,444/oz.

The broker lifted its long-term gold price and also FY25-26 price forecasts. However, this was more than offset by lower production and cost estimates. 

Buy. Target cut to 55c from 59c.

This report was published on July 24, 2025.

Target price is $0.55 Current Price is $0.38 Difference: $0.17
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 4.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.44.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.04.

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

VUL    VULCAN ENERGY RESOURCES LIMITED

New Battery Elements – Overnight Price: $3.95

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

Canaccord Genuity has revised its outlook for the lithium sector from a conservative to a more positive outlook.

The broker believes demand is much stronger than previously expected, and for the first time since 2022, it expects demand growth to exceed supply growth.

SC6 price forecast lifted by 6% for 2025, 5% for 2026 and 22% for 2027. 

In the case of developer/explorer coverage, the broker’s target price reduced by an average -5% due to project/financing delays and dilution from capital raising.

Speculative Buy maintained for Vulcan Energy Resources. Target trimmed to $9.75 from $10.00.

This report was published on July 25, 2025.

Target price is $9.75 Current Price is $3.95 Difference: $5.8
If VUL meets the Canaccord Genuity target it will return approximately 147% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 7.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 56.43.

Forecast for FY26:

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

WDS    WOODSIDE ENERGY GROUP LIMITED

NatGas – Overnight Price: $26.19

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

Jarden describes Woodside Energy’s June quarter update and FY25 guidance as an overall positive one. Production was in line with the broker’s forecast, while sales volume was 2% ahead and revenue was 4% higher.

The FY25 guidance implied an upgrade, but the more impressive one was a lowering of cost guidance, commentary suggests. Additionally, the broker suggests net profit guidance was upgraded based on financial line items.

Target lifted to $25.75 from $25.50 on lower production costs. Overweight maintained. 

This report was published on July 23, 2025.

Target price is $25.75 Current Price is $26.19 Difference: minus $0.44 (current price is over target).
If WDS 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 $26.42, suggesting upside of 0.9%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 134.53 cents and EPS of 170.56 cents.
At the last closing share price the estimated dividend yield is 5.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.36.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 172.8, implying annual growth of N/A.
Current consensus DPS estimate is 137.7, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 15.2.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 80.41 cents and EPS of 101.44 cents.
At the last closing share price the estimated dividend yield is 3.07%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.82.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 116.6, implying annual growth of -32.5%.
Current consensus DPS estimate is 92.6, implying a prospective dividend yield of 3.5%.
Current consensus EPS estimate suggests the PER is 22.5.

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

WR1    WINSOME RESOURCES LIMITED

New Battery Elements – Overnight Price: $0.18

Canaccord Genuity rates ((WR1)) as Speculative Buy (1) –

Canaccord Genuity has revised its outlook for the lithium sector from a conservative to a more positive outlook.

The broker believes demand is much stronger than previously expected, and for the first time since 2022, it expects demand growth to exceed supply growth.

SC6 price forecast lifted by 6% for 2025, 5% for 2026 and 22% for 2027. 

In the case of developer/explorer coverage, the broker’s target price reduced by an average -5% due to project/financing delays and dilution from capital raising.

Speculative Buy maintained for Winsome Resources. Target trimmed to $0.75 from $1.20.

This report was published on July 25, 2025.

Target price is $0.75 Current Price is $0.18 Difference: $0.57
If WR1 meets the Canaccord Genuity target it will return approximately 317% (excluding dividends, fees and charges).

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.

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