Australian Broker Call *Extra* Edition – Aug 04, 2025

This story features ALS LIMITED, and other companies.
For more info SHARE ANALYSIS: ALQ
The company is included in ASX100, 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)

ALQ   APX   BMN   CMM   CSC   EGL   EMR   EXP   FLT   GDF   GGP (2)   IGO   JHX   KCN   LRK   LTR   MIN   MTS   OBM   PLS (2)   RMD   RSG   SFR   SM1   WAF  

ALQ    ALS LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $18.06

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

ALS Ltd reiterated its FY26 guidance for 5-7% organic revenue growth when providing 1Q26 update at the AGM.

However, management flagged flat EBIT margin trend in 1Q26 for Commodities unit due to the impact of discounting in 2H25, though it also expects this to improve over 2H26.

Jarden highlights downside risk to consensus forecast of $175m for core net profit in 1H26, with its own forecast -5% below at $167m.

Underweight. Target unchanged at $14.60.

This report was published on July 30, 2025.

Target price is $14.60 Current Price is $18.06 Difference: minus $3.46 (current price is over target).
If ALQ meets the Jarden target it will return approximately minus 19% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $19.03, suggesting upside of 6.4%(ex-dividends)
The company’s fiscal year ends in March.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 42.20 cents and EPS of 71.40 cents.
At the last closing share price the estimated dividend yield is 2.34%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.29.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 72.6, implying annual growth of 37.2%.
Current consensus DPS estimate is 43.8, implying a prospective dividend yield of 2.4%.
Current consensus EPS estimate suggests the PER is 24.6.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 49.00 cents and EPS of 81.60 cents.
At the last closing share price the estimated dividend yield is 2.71%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.13.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 81.9, implying annual growth of 12.8%.
Current consensus DPS estimate is 49.3, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 21.8.

Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

APX    APPEN LIMITED

IT & Support – Overnight Price: $0.92

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

The highlight of Appen’s 2Q25 update is identified as the growing China business, with revenue up 77% y/y but offsetting this was the non-China revenue, which Canaccord Genuity estimates was down -32% y/y on a weak US market.

Margin in 2Q was down, revenue for 2Q and 1H fell short of the broker’s and the consensus forecasts. On the positive side, 1H EBITDA marginally beat the broker’s forecast, indicating costs are under control.

The company guided to broadly unchanged 2H revenue outlook, leading the broker to downgrade FY25 EBITDA estimate only modestly.

Buy. Target cut to $1.60 from $2.35 as the broker put a discount on the multiple used in valuation modeling.

This report was published on July 30, 2025.

Target price is $1.60 Current Price is $0.92 Difference: $0.68
If APX meets the Canaccord Genuity target it will return approximately 74% (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 3.09 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 29.74.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.16 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 593.55.

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

BMN    BANNERMAN ENERGY LIMITED

Uranium – Overnight Price: $2.51

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

Canaccord Genuity highlights Bannerman Energy is taking a staged, low-risk approach to development, spending -$20m in 4Q25 on early works and finalising key contracts. 

Cash at the end of the quarter was $46.2m which increased to $127.6m at of July 4, following $85m capital raising. The funding gives the company breathing room to reach a final investment decision by end-2025 on the Etango development, pending uranium price recovery.

The broker notes the project’s economics are highly sensitive to U3O8 moves, with each US$5/lb rise lifting the valuation by 10%.

Speculative Buy. Target price $3.86.

This report was published on July 29, 2025.

Target price is $3.86 Current Price is $2.51 Difference: $1.35
If BMN meets the Canaccord Genuity target it will return approximately 54% (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 2.94 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 85.43.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.86 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 135.24.

Market Sentiment: 1.0
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: $8.82

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

Capricorn Metals met FY25 guidance with production of 117koz at costs (AISC) of $1,468/oz, which aligned with Canaccord Genuity’s estimate of 117koz at $1,469/oz.

June quarter production rose 5% quarter-on-quarter to 32koz, in line with the broker’s expectation, with flat costs of $1,381/oz.

Gold sales totaled 36koz at $5,137/oz for revenue of $184m, with a $52m cash and bullion build, while the company finished the period debt and hedge free with $356m in cash/bullion, highlight the analysts.

FY26 guidance of 115-125koz at a cost of between $1,530-1,630/oz aligns with broker estimates, and growth capex of -$30-40m will largely support Karlawinda Expansion Project (KEP) pre-strip works.

Canaccord revises its FY26 forecast to 120koz at $1,629/oz, defers some capex into FY27, and lowers its price target to $12.20 from $12.30, while retaining a Buy rating.

This report was published on July 31, 2025.

Target price is $12.20 Current Price is $8.82 Difference: $3.38
If CMM meets the Canaccord Genuity target it will return approximately 38% (excluding dividends, fees and charges).
Current consensus price target is $10.07, suggesting upside of 13.5%(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 43.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.51.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 40.5, implying annual growth of 75.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.9.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 63.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.00.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 49.4, implying annual growth of 22.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.0.

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

CSC    CAPSTONE COPPER CORP.

Copper – Overnight Price: $9.37

Moelis rates ((CSC)) as Buy (1) –

Moelis assesses Capstone Copper’s 2Q25 report as a strong one as it showed sequential improvement and also beat its forecasts.

Production was largely in line with forecast, but cost was lower, and revenue and EBITDA were higher. The company reiterated FY25 production guidance of 220-255kt copper at cost of US$2.20-2.50/lb.

Buy. Target unchanged at $12.50.

This report was published on August 1, 2025.

Target price is $12.50 Current Price is $9.37 Difference: $3.13
If CSC meets the Moelis target it will return approximately 33% (excluding dividends, fees and charges).
Current consensus price target is $12.03, suggesting upside of 33.0%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of 24.28 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 38.59.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.4, implying annual growth of 39.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 38.6.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 45.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.55.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 64.8, implying annual growth of 176.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 14.0.

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

EGL    ENVIRONMENTAL GROUP LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $0.28

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

Wilsons initiates coverage of Environmental Group with an Overweight rating and 41 cents target price.

The company’s aim is to help engineer a sustainable future with five divisions: gas turbine enhancement, boilers, gas and dust control, recycling plants, and PFAS removal.

The analyst highlights an improvement in earnings quality since CEO Jason Dixon and CCO Paul Gaskett joined in 2021. Wilsons forecasts earnings (EBITDA) growth of 30% for FY26 and 10% for FY27, with multiple growth drivers to achieve the outcome.

Between FY21 and FY24, the company’s EPS grew by 107% and the earnings before interest and tax margin rose to 7.7% from 4%, with a diversified revenue base across engineering and fabrication (50%) and services and parts (50%).

Commentary highlights service revenues boost recurring income.

This report was published on August 1, 2025.

Target price is $0.41 Current Price is $0.28 Difference: $0.13
If EGL meets the Wilsons target it will return approximately 46% (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 1.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.00.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.74.

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

EMR    EMERALD RESOURCES NL

Gold & Silver – Overnight Price: $3.36

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

Emerald Resources delivered 98koz production in FY25, just below its revised 100–120koz guidance, observes Canaccord Genuity, with costs (AISC) of US$1,077/oz also above the guided US$900–1,000/oz.

June quarter output of 19.1koz at US$1,318/oz missed expectations due to rainfall and cutback delays, compared to the broker’s forecast of 21koz at US$1,227/oz and consensus of 24koz.

Cash and bullion stood at $224m, falling short of both the broker’s $249m and consensus $228m.

FY26 guidance is now 105–120koz at US$966/oz, versus the analysts’ estimate of 108koz at US$1,058/oz.

The broker expects September and December quarters to average 25–30koz, albeit at higher costs (AISC) than guidance. 

Canaccord Genuity lowers its target price to $5.50 from $5.70 and retains a Buy rating.

This report was published on July 30, 2025.

Target price is $5.50 Current Price is $3.36 Difference: $2.14
If EMR meets the Canaccord Genuity target it will return approximately 64% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.18 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 1866.67.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.37 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 908.11.

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

EXP    EXPERIENCE CO LIMITED

Travel, Leisure & Tourism – Overnight Price: $0.13

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

Experience Co’s 4Q25 update showed weaker May/June months but this followed a very strong April, leaving Canaccord Genuity unfussed.

The broker is more focused on its expectation of a more meaningful recovery in FY26, with the company noting positive trading in all key business units in July. 

One key likely catalyst is a stronger positive free cash flow expected in FY26, the broker notes. Minor changes to forecasts. Buy. Target price 21c.

This report was published on July 30, 2025.

Target price is $0.21 Current Price is $0.13 Difference: $0.08
If EXP 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 0.38 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 34.21.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.76 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.11.

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

FLT    FLIGHT CENTRE TRAVEL GROUP LIMITED

Travel, Leisure & Tourism – Overnight Price: $12.32

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

Flight Centre downgraded its FY25 profit before tax guidance again to $285-295m, this time a -9% reduction at midpoint, from $300-335m which already was downgraded by -15% in late April.

Total transaction value (TTV) for FY25, however, was up 3%, Wilsons notes, as growth in leisure and corporate client wins offset the impact from Middle East tensions.

The broker lifted TTV forecast for FY25-27 by 2% to align with guidance. EBITDA forecasts were cut by -5% to -9% on a -50bps moderation in revenue margin forecasts.

Overweight. Target cut to $17.15 from $19.00.

This report was published on August 1, 2025.

Target price is $17.15 Current Price is $12.32 Difference: $4.83
If FLT meets the Wilsons target it will return approximately 39% (excluding dividends, fees and charges).
Current consensus price target is $14.73, suggesting upside of 20.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY25:

Wilsons forecasts a full year FY25 dividend of 24.40 cents and EPS of 89.10 cents.
At the last closing share price the estimated dividend yield is 1.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.83.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 90.9, implying annual growth of 42.7%.
Current consensus DPS estimate is 31.8, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 13.5.

Forecast for FY26:

Wilsons forecasts a full year FY26 dividend of 26.40 cents and EPS of 105.20 cents.
At the last closing share price the estimated dividend yield is 2.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.71.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 103.8, implying annual growth of 14.2%.
Current consensus DPS estimate is 39.1, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 11.8.

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

GDF    GARDA PROPERTY GROUP

REITs – Overnight Price: $1.30

Moelis rates ((GDF)) as Buy (1) –

Garda Property’s FY25 FFO of $15m met Moelis’ forecasts but net tangible assets per security was slightly down to $1.61 in June from $1.62 in December 2024.

Proforma gearing fell to 14.7% from 42.7% on asset sales. The broker notes the balance sheet strength gives Garda flexibility to increase lending, fund developments or consider capital returns.

The broker believes Garda is in a transition phase and while short-term earnings are subdued, there is a medium-term opportunity from balance sheet strength and higher-margin lending strategy.

Buy. Target rises to $1.62 from $1.60.

This report was published on August 1, 2025.

Target price is $1.62 Current Price is $1.30 Difference: $0.32
If GDF meets the Moelis target it will return approximately 25% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY25:

Moelis forecasts a full year FY25 dividend of 7.20 cents and EPS of 7.60 cents.
At the last closing share price the estimated dividend yield is 5.54%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.11.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 8.00 cents and EPS of 9.10 cents.
At the last closing share price the estimated dividend yield is 6.15%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.29.

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

GGP    GREATLAND RESOURCES LIMITED

Gold & Silver – Overnight Price: $5.18

Moelis rates ((GGP)) as Hold (3) –

(Re-published to correct incorrect forecasts at the time of original update).

Moelis has initiated coverage of Greatland Resources with a Hold rating and target price of $7.50.

The stock made its debut on the ASX on June 24 and is now dual-listed here and London Stock Exchange’s AIM market.

The company acquired 100% ownership of Telfer in December 2024 from Newmont Corp ((NEM)), and the broker notes the next 12 months will see significant cash generation from record gold prices. 

The broker expects the cash build to be used for development and other infrastructure required to bring the Havieron mine online. The analyst is forecasting $970m cash and no undrawn debt at the end of FY26. 

This report was published on June 24, 2025.

Target price is $7.50 Current Price is $5.18 Difference: $2.32
If GGP meets the Moelis target it will return approximately 45% (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 50.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.26.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 88.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.89.

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

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

Greatland Resources’ June quarter production report broadly met Moelis’ forecast as previously noted but FY26 guidance was softer.

The broker cut its production forecast for FY26 to 288.6koz from 312.6koz vs guidance of 260-310koz, and raised cost forecast to $2,550/oz from $2,517/oz before.

Target cut to $7.10 from $7.50. Rating upgraded to Buy from Hold, with the broker believing the share price fall on FY26 outlook is overdone. 

This report was published on July 30, 2025.

Target price is $7.50 Current Price is $5.18 Difference: $2.32
If GGP meets the Moelis target it will return approximately 45% (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 50.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.26.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 88.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.89.

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

IGO    IGO LIMITED

Nickel – Overnight Price: $4.58

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

IGO Ltd’s SC6 production at Greenbushes missed both Canaccord Genuity’s and the consensus forecast as wild weather affected access to high-grade zones. Sales were broadly in line and cost was higher than the broker’s forecast.

FY26 production guidance for Greenbushes was lower than the broker’s forecast, cost was in line and capex was significantly higher. The broker characterised the guidance as soft, implying lower grades or slow ramp-up at CGP3.

Nova reported a strong June quarter. The company used Greenbushes cash to repay debt vs pay dividends, and the broker sees a risk of delaying divided until 1H27, but didn’t factor this in the forecasts.

Hold. Target price $4.60.

This report was published on July 31, 2025.

Target price is $4.60 Current Price is $4.58 Difference: $0.02
If IGO meets the Canaccord Genuity target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $4.11, suggesting downside of -10.5%(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 8.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 57.25.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -24.0, 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 5.00 cents and EPS of 10.00 cents.
At the last closing share price the estimated dividend yield is 1.09%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 45.80.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 5.1, implying annual growth of N/A.
Current consensus DPS estimate is 7.4, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 90.0.

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

JHX    JAMES HARDIE INDUSTRIES PLC

Building Products & Services – Overnight Price: $40.11

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

Jarden notes fibre cement share of the US siding market rose to 23% in 2024 from 9% from 2005, with the demand growth coming at the expense of traditional materials like vinyl, stucco etc.

James Hardie Industries’ strategy and executive compensation plans are based on a core assumption of ongoing primary demand growth, the broker notes. The company’s base case and the broker’s is 4% primary demand growth annually.

No growth in FY26 would lead to a decline in the broker’s valuation to $41.50/share while a flat growth throughout the forecast period would push it down to $37/share.

Overweight. Target unchanged at $44.

This report was published on July 30, 2025.

Target price is $44.00 Current Price is $40.11 Difference: $3.89
If JHX meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $46.97, suggesting upside of 17.0%(ex-dividends)
The company’s fiscal year ends in March.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 165.79 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.19.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 222.7, 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 18.0.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 220.38 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.20.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 255.4, implying annual growth of 14.7%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
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: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

KCN    KINGSGATE CONSOLIDATED LIMITED

Gold & Silver – Overnight Price: $2.22

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

Kingsgate Consolidated’s Chatree mine produced 20.2koz in the June quarter, below Canaccord Genuity’s expectation due to earlier ramp slippage, though alternative access has since been secured.

All-in sustaining costs were US$2,040/oz, slightly above the broker’s forecast, impacted by higher mining costs but offset by inventory movements.

The plant operated strongly, according to the broker, above nameplate capacity, with implied free cash flow of $17m and closing cash plus bullion at $69m.

FY26 guidance is pending, but Canaccord forecasts 99koz at AISC of US$1,967/oz, supported by rising grades and reduced stockpile reliance.

The broker assigns no current value to the precious metals development Nueva Esperanza in Chile but sees potential upside if divested.

A Speculative rating and $4.50 target are maintained.

This report was published on July 31, 2025.

Target price is $4.50 Current Price is $2.22 Difference: $2.28
If KCN meets the Canaccord Genuity target it will return approximately 103% (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 22.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.09.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 50.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.44.

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

LRK    LARK DISTILLING CO. LIMITED

Food, Beverages & Tobacco – Overnight Price: $0.86

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

Lark Distilling Co’s 4Q25 update confirmed to Canaccord Genuity the continuation of the positive operating momentum in the business.

Net sales revenue grew for the fourth straight quarter, and the closing cash balance was marginally higher than forecast.

No change to forecasts. Speculative Buy. Target unchanged at $1.50.

This report was published on July 30, 2025.

Target price is $1.50 Current Price is $0.86 Difference: $0.64
If LRK meets the Canaccord Genuity target it will return approximately 74% (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 7.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 12.29.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 6.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 14.33.

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: $0.80

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

Liontown Resources’ June quarter production missed Canaccord Genuity’s and the consensus forecast, leading to a miss in the company’s 2H25 guidance. Cost was in line and cashflow beat forecasts.

The disappointment was also in FY26 guidance for production, cost and capex, with the company also flagging lower recoveries in 1H26 resulting in a 40:60 1H vs 2H production split.

The broker cut its FY26 production and cost forecasts, and accounted for write down of stockpile inventory of $75-85m in the forecast.

Pricing for SC6 is considered key for the outlook, with US$1,100/t over FY26 needed to ensure liquidity crunch is avoided by late 2025/early 2026.

Hold. Target cut to 80c from 95c.

This report was published on July 30, 2025.

Target price is $0.80 Current Price is $0.80 Difference: $0
If LTR meets the Canaccord Genuity target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $0.60, suggesting downside of -25.7%(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 4.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 20.00.

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 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 80.00.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -6.1, 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

MIN    MINERAL RESOURCES LIMITED

Iron Ore – Overnight Price: $29.86

Jarden rates ((MIN)) as Sell (5) –

Mineral Resources’ June quarterly showed a decline in liquidity and cash balance, prompting Jarden to assess the balance sheet as stressed. Shipments largely met the broker’s forecasts but realised prices were weak.

FY25 accounts are expected to be messy mainly due to several asset impairments. FY25 guidance for Onslow shipment was marginally higher than the broker’s forecast but group capex of -$1.15bn was $200m higher.

Sell retained, though the broker believes an optimistic narrative can be built around the strengthened boardroom, governance and disclosure, and the peaking in net debt/EBITDA ratio.

Target cut to $14.60 from $16.20 mainly on higher capex and increased capitalisation of what may previously have been operating costs.

This report was published on July 31, 2025.

Target price is $14.60 Current Price is $29.86 Difference: minus $15.26 (current price is over target).
If MIN meets the Jarden target it will return approximately minus 51% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $31.00, suggesting upside of 3.9%(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 minus 146.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 20.41.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -107.7, 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.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 4.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 609.39.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 71.1, 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 42.0.

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

MTS    METCASH LIMITED

Food, Beverages & Tobacco – Overnight Price: $3.89

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

In a review of private label products vs brands for supermarkets, Jarden notes penetration in Australia lags the global trend, highlighting an opportunity to grow own brands.

There is also a substantial gap in profitability vs offshore, with margins lower on average. The broker reckons retailers should focus on higher margin products like health, home, fresh and bakery to boost margins.

Woolworths Group ((WOW) remains the broker’s preference, followed by Metcash.

Overweight. Target price $4.10.

This report was published on July 30, 2025.

Target price is $4.10 Current Price is $3.89 Difference: $0.21
If MTS meets the Jarden target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $4.10, suggesting upside of 4.6%(ex-dividends)
The company’s fiscal year ends in April.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 23.00 cents and EPS of 26.60 cents.
At the last closing share price the estimated dividend yield is 5.91%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.62.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 26.4, implying annual growth of 2.1%.
Current consensus DPS estimate is 18.8, implying a prospective dividend yield of 4.8%.
Current consensus EPS estimate suggests the PER is 14.8.

Forecast for FY27:

Current consensus EPS estimate is 28.3, implying annual growth of 7.2%.
Current consensus DPS estimate is 20.0, implying a prospective dividend yield of 5.1%.
Current consensus EPS estimate suggests the PER is 13.9.

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

OBM    ORA BANDA MINING LIMITED

Gold & Silver – Overnight Price: $0.64

Moelis rates ((OBM)) as Buy (1) –

Moelis made minor revisions to Ora Banda Mining’s FY25 forecast following the full June quarterly result which was marginally softer but contained no surprises. EPS forecast for FY25 trimmed by -2%.

The broker had previously lowered its FY26 forecasts, so didn’t make any material changes now.

Buy. Target unchanged at 85c.

This report was published on August 1, 2025.

Target price is $0.85 Current Price is $0.64 Difference: $0.21
If OBM meets the Moelis target it will return approximately 33% (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 5.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.80.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 8.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.19.

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: $1.67

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

Canaccord Genuity notes Pilbara Minerals’ June quarter spodumene production and sales beat its forecasts and consensus, noting the company made a good recovery from weather-affected March quarter. 

Operating costs and realised prices were in line with the broker’s forecast, but capex of -$116m was higher than the -$76m expected.

FY26 spodumene production guidance was lower while cost and sustaining capex were higher than the broker’s estimate, though growth capex was lower.

The broker revised its forecasts, resulting in a 11% increase to FY25 EBITDA and a 3% rise to FY26.

Buy. Target unchanged at $2.70.

This report was published on July 30, 2025.

Target price is $2.70 Current Price is $1.67 Difference: $1.03
If PLS meets the Canaccord Genuity target it will return approximately 62% (excluding dividends, fees and charges).
Current consensus price target is $1.71, suggesting upside of 3.5%(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 23.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 7.26.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -1.7, 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.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 2.00 cents and EPS of 3.00 cents.
At the last closing share price the estimated dividend yield is 1.20%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 55.67.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -0.6, 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.

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 ((PLS)) as Buy (1) –

Jarden continues to describe Pilbara Minerals’ balance sheet as a “fortress” even after it dipped marginally below $1bn for the first time since the September quarter of 2023.

In the June quarter, production, sales, revenue, and realised price all beat the broker’s forecasts.

The FY26 production guidance came at 820-870kt, but the broker retained its 876kt forecast. Cost guidance was 1.6% higher and capex was 11% higher, prompting the broker to lift its capex assumption.

Buy. Target cut to $2.20 from $2.40 as the broker incorporated lower SC6 price of US$888/t over FY26-27. Higher capex and operating costs also marginally contributed to lowering the target price.

This report was published on July 31, 2025.

Target price is $2.20 Current Price is $1.67 Difference: $0.53
If PLS meets the Jarden target it will return approximately 32% (excluding dividends, fees and charges).
Current consensus price target is $1.71, suggesting upside of 3.5%(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 minus 3.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 46.39.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -1.7, 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.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 61.85.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -0.6, 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.

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

RMD    RESMED INC

Medical Equipment & Devices – Overnight Price: $42.88

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

Wilsons has an Overweight rating on ResMed but the target price of $43.50 is under review after the 4Q25 results.

The broker highlights 4Q25 revenue and EPS beat its forecasts by 3% and 4%, respectively. Net profit also beat its estimate by 4% while cash flow rose 22% to US$539m.

Gross margin was 60.8% in 4Q, improving 230bps y/y, and the FY26 guidance was for further increase to 61-63%.

The broker believes there’s scope for even higher gross margin of 63-64% over the forecast period on manufacturing and distribution efficiencies.

This report was published on August 1, 2025.

Target price is $43.50 Current Price is $42.88 Difference: $0.62
If RMD meets the Wilsons target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $47.47, suggesting upside of 9.7%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 165.8, implying annual growth of N/A.
Current consensus DPS estimate is 37.0, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 26.1.

Forecast for FY27:

Current consensus EPS estimate is N/A, 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 USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

RSG    RESOLUTE MINING LIMITED

Gold & Silver – Overnight Price: $0.61

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

Resolute Mining’s June quarter gold production and sales beat Canaccord Genuity’s forecasts, and group cost was lower.

The beat on cost was mainly due to improved grades and production from Mako, commentary points out,  which offset lower underground mining volumes and higher cost at Syama.

No change to the company’s FY25 production and cost guidance. However, the broker flagged risk to guidance if grades and mining volumes don’t improve as expected.

On the other hand, if the company meets 2H production and sales forecasts, and spot gold is unchanged, the broker expects US$100m free cash flow.

Buy. Target price $1.80.

This report was published on July 30, 2025.

Target price is $1.80 Current Price is $0.61 Difference: $1.19
If RSG meets the Canaccord Genuity target it will return approximately 195% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY25:

Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 17.01 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.59.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 23.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 2.63.

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

SFR    SANDFIRE RESOURCES LIMITED

Copper – Overnight Price: $11.02

Jarden rates ((SFR)) as Buy (1) –

Sandfire Resources’ 4Q25 quarterly showed the company broadly achieved FY25 guidance which Jarden regards as an outstanding performance given the rainfall challenges experienced earlier.

Gearing reduced to 6% as at June 30 as US$120m was added to balance sheet in 4Q. FY25 revenue was -1% lower than the broker’s forecast and underlying group EBITDA was in line.

FY26 guidance for Matsa was slightly higher than the broker’s forecast while Motheo’s was a little lower. FY26 EBITDA forecast cut by -10% and FY27 by -2%.

Buy. Target price $11.20, with the broker trimming risk-free rate assumption in the valuation modeling.

This report was published on July 30, 2025.

Target price is $11.20 Current Price is $11.02 Difference: $0.18
If SFR meets the Jarden target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $11.54, suggesting upside of 6.1%(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 40.67 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.09.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 45.0, 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 24.2.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 6.19 cents and EPS of 69.90 cents.
At the last closing share price the estimated dividend yield is 0.56%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 71.7, implying annual growth of 59.3%.
Current consensus DPS estimate is 9.6, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 15.2.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SM1    SYNLAIT MILK LIMITED

Dairy – Overnight Price: $0.53

Jarden rates ((SM1)) as Underweight (4) –

Jarden labels Synlait Milk’s FY25 update as disappointing with reported net result expected to be a loss of -NZ$27m to -NZ$40m vs Jarden’s -NZ$8m loss forecast due to one-offs. 

Net closing debt is also higher vs the broker’s forecast, though the company assured it remain compliant with banking covenants.

The profit warning is mainly due to manufacturing challenges, commentary suggests, adding the new CEO is positive about the turnaround.

The broker cut FY25 reported net profit forecast and made minor revisions to FY26-27 earnings forecasts. Underweight. Target trimmed to NZ64c from NZ68c.

This report was published on July 30, 2025.

Current Price is $0.53. Target price not assessed.
The company’s fiscal year ends in July.

Forecast for FY25:

Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 0.64 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 82.94.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.37 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 38.69.

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

WAF    WEST AFRICAN RESOURCES LIMITED

Gold & Silver – Overnight Price: $2.26

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

West African Resources reported June quarter production of 45.6koz from Sanbrado, -8% below Canaccord Genuity’s estimate, with sales of 49.8koz at US$3,282/oz in line with consensus.

Costs (AISC) at US$1,492/oz were slightly above the broker’s forecast due to lower grade milled and lower-than-expected underground output from the M1 South underground deposit. Mill throughput and recovery were in line with the analysts’ forecasts.

Free cash outflow was -$39m as Kiaka capex continued, but is forecast to turn positive in the September quarter, highlights the broker.

Cash and bullion ended at $328m with -$60m in Kiaka capex still outstanding.

Guidance remains 190-200koz at Sanbrado at costs below US$1,350/oz. Kiaka, which poured first gold in the quarter, is expected to produce 75koz in 2025 as it ramps up on diesel until grid connection.

Canaccord maintains its Buy rating and $4.70 target, viewing West African Resources as compelling on valuation and a forecast of 28% FY26 free cash flow yield.

This report was published on July 30, 2025.

Target price is $4.70 Current Price is $2.26 Difference: $2.44
If WAF meets the Canaccord Genuity target it will return approximately 108% (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 26.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.69.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 10.00 cents and EPS of 58.00 cents.
At the last closing share price the estimated dividend yield is 4.42%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.90.

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

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Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don’t have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.

This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

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