Australian Broker Call *Extra* Edition – Nov 19, 2025

Array
(
    [0] => Array
        (
            [0] => ((ACF))
            [1] => ((ALK))
            [2] => ((AUC))
            [3] => ((BSL))
            [4] => ((CPU))
            [5] => ((DMP))
            [6] => ((EBR))
            [7] => ((EOS))
            [8] => ((FLT))
            [9] => ((FLT))
            [10] => ((GNC))
            [11] => ((HRZ))
            [12] => ((FRS))
            [13] => ((IFT))
            [14] => ((ING))
            [15] => ((KCN))
            [16] => ((MIN))
            [17] => ((ORI))
            [18] => ((RDY))
            [19] => ((RRL))
            [20] => ((SFR))
            [21] => ((SLC))
            [22] => ((SLC))
            [23] => ((TOR))
            [24] => ((XRO))
        )

    [1] => Array
        (
            [0] => ACF
            [1] => ALK
            [2] => AUC
            [3] => BSL
            [4] => CPU
            [5] => DMP
            [6] => EBR
            [7] => EOS
            [8] => FLT
            [9] => FLT
            [10] => GNC
            [11] => HRZ
            [12] => FRS
            [13] => IFT
            [14] => ING
            [15] => KCN
            [16] => MIN
            [17] => ORI
            [18] => RDY
            [19] => RRL
            [20] => SFR
            [21] => SLC
            [22] => SLC
            [23] => TOR
            [24] => XRO
        )

)

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

ACF   ALK   AUC   BSL   CPU   DMP   EBR   EOS   FLT (2)   GNC   HRZ   IFT   ING   KCN   MIN   ORI   RDY   RRL   SFR   SLC (2)   TOR   XRO  

ACF    ACROW LIMITED

Building Products & Services – Overnight Price: $1.03

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

Acrow’s AGM trading update showed guidance slightly below Petra Capital’s forecasts, but commentary on project momentum was upbeat, according to the analyst.

The broker notes screens and jumpform remain strong while formwork softness in southeast Queensland is expected to recover through 2H26.

Petra Capital believes construction activity tied to the Brisbane Olympics, including $10–30bn in peripheral projects, will drive long-term earnings and debt reduction opportunities.

The broker also expects industrial access growth to underpin near-term stability and future acquisitions. A Buy rating is maintained and the target is lowered to $1.64 from $1.68.

This report was published on November 17, 2025.

Target price is $1.64 Current Price is $1.03 Difference: $0.605
If ACF meets the Petra Capital target it will return approximately 58% (excluding dividends, fees and charges).
Current consensus price target is $1.26, suggesting upside of 22.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Petra Capital forecasts a full year FY26 dividend of 4.60 cents and EPS of 10.90 cents.
At the last closing share price the estimated dividend yield is 4.44%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 10.3, implying annual growth of 36.1%.
Current consensus DPS estimate is 5.6, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 10.0.

Forecast for FY27:

Petra Capital forecasts a full year FY27 dividend of 7.00 cents and EPS of 15.20 cents.
At the last closing share price the estimated dividend yield is 6.76%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.81.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.4, implying annual growth of 20.4%.
Current consensus DPS estimate is 6.3, implying a prospective dividend yield of 6.1%.
Current consensus EPS estimate suggests the PER is 8.3.

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

ALK    ALKANE RESOURCES LIMITED

Gold & Silver – Overnight Price: $0.94

Moelis rates ((ALK)) as Buy (1) –

Moelis observes Alkane Resources’ quarterly update contained no surprises. The broker reiterates its positive investment stance given valuation support and near-term production growth.

Alkane’s merger with Mandalay could lift annual output to around 180koz by FY27, suggest the analysts, positioning it ahead of peers despite a lower market capitalisation.

It’s thought the stock’s discount reflects investor unfamiliarity, smaller asset diversity, and dual listing opacity, though sustained performance should narrow the gap.

Moelis retains a Buy rating and target of $1.65.

This report was published on November 17, 2025.

Target price is $1.65 Current Price is $0.94 Difference: $0.71
If ALK meets the Moelis target it will return approximately 76% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 14.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.71.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 16.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.87.

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

AUC    AUSGOLD LIMITED

Gold & Silver – Overnight Price: $0.88

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

Canaccord Genuity notes Ausgold’s Katanning gold project has been selected by the Western Australian government as a significant development and will enter the “priority approvals” regime.

The company has signed a binding agreement to acquire a substantial freehold position critical to the development. A major 44,000 RC and diamond drill program commenced in October. Initial assays will be forthcoming in the December quarter. The broker retains a $2.05 target and Speculative Buy.

This report was published on November 13, 2025.

Target price is $2.05 Current Price is $0.88 Difference: $1.17
If AUC meets the Canaccord Genuity target it will return approximately 133% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

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

BSL    BLUESCOPE STEEL LIMITED

Steel & Scrap – Overnight Price: $22.10

Jarden rates ((BSL)) as Neutral (3) –

BlueScope Steel has announced the sale of its 50% interest in the TBSL joint venture to partner Tata Steel, subject to Indian regulatory approval. The company expects to receive $179m in proceeds net of taxes/fees and recognise a $70m gain on the sale in the second half.

Jarden notes the joint venture has experienced poor results of late and the sale streamlines the company’s presence in Asia amid challenging external conditions. BlueScope Steel will now have a presence in the region that is entirely under its own operating control, including its Chinese operations and Nippon Steel joint venture.

The balance sheet appears robust and Jarden retains a Neutral rating. Target edges up to $24.60 from $24.50.

This report was published on November 13, 2025.

Target price is $24.60 Current Price is $22.10 Difference: $2.5
If BSL meets the Jarden target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $25.17, suggesting upside of 13.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 60.00 cents and EPS of 168.20 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 13.14.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 176.0, implying annual growth of 821.9%.
Current consensus DPS estimate is 60.0, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 12.6.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 60.00 cents and EPS of 190.10 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 11.63.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 210.0, implying annual growth of 19.3%.
Current consensus DPS estimate is 60.0, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 10.5.

Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CPU    COMPUTERSHARE LIMITED

Diversified Financials – Overnight Price: $35.54

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

Computershare has maintained FY26 guidance, signalling a firm start to the year. Jarden assesses an improvement on the initial FY26 outlook and, coupled with the company’s history of guiding conservatively, envisages a positive earnings risk going into the first half result.

Valuation is considered undemanding, with the business benefiting from a constructive operating environment and a strong balance sheet. Overweight retained. Target rises to $39.00 from $38.50.

This report was published on November 13, 2025.

Target price is $39.00 Current Price is $35.54 Difference: $3.46
If CPU meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $37.77, suggesting upside of 6.3%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 108.10 cents and EPS of 220.80 cents.
At the last closing share price the estimated dividend yield is 3.04%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.10.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 213.2, implying annual growth of N/A.
Current consensus DPS estimate is 99.3, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 16.7.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 109.80 cents and EPS of 224.23 cents.
At the last closing share price the estimated dividend yield is 3.09%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.85.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 219.9, implying annual growth of 3.1%.
Current consensus DPS estimate is 102.8, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 16.2.

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

DMP    DOMINO’S PIZZA ENTERPRISES LIMITED

Food, Beverages & Tobacco – Overnight Price: $21.67

Jarden rates ((DMP)) as Neutral (3) –

Management at Domino’s Pizza Enterprises has outlined a strategic shift toward a simpler, lower-cost, and more cash-generative model focused on improving return on invested capital (ROIC), explains Jarden.

The broker sees this as positioning the group for sustainable growth and higher free cash flow, potentially above $100m, though near-term sales trends remain soft.

Following the AGM trading update, Jarden trims its FY26-28 earnings forecasts by -3-6%, citing weak same-store sales in A&NZ and Japan, competitive pressures, and early-stage pricing trials.

It’s thought execution risk remains significant as the company rebuilds franchisee trust and stabilises operations. The broker retains a Neutral rating and lifts its target to $19 from $18.

This report was published on November 12, 2025.

Target price is $19.00 Current Price is $21.67 Difference: minus $2.67 (current price is over target).
If DMP meets the Jarden target it will return approximately minus 12% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $20.16, suggesting downside of -7.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 51.00 cents and EPS of 126.80 cents.
At the last closing share price the estimated dividend yield is 2.35%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.09.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 126.2, implying annual growth of N/A.
Current consensus DPS estimate is 62.4, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 17.2.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 62.00 cents and EPS of 154.20 cents.
At the last closing share price the estimated dividend yield is 2.86%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 136.4, implying annual growth of 8.1%.
Current consensus DPS estimate is 71.8, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 15.9.

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

EBR    EBR SYSTEMS INC

Medical Equipment & Devices – Overnight Price: $1.07

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

Canaccord Genuity makes minor adjustments to its forecasts following the third quarter results from EBR Systems. The gross margin is the main issue for investors, the broker notes, with stabilisation expected in the third quarter and incremental improvements expected thereafter.

The new Santa Clara facility should facilitate vertical integration and support long-term gross margin expansion to more than 70%. The business has established an “enviable commercial launch” and the focus on costs is, in the broker’s opinion, “somewhat misplaced”.

Buy. Target unchanged at $2.48.

This report was published on November 14, 2025.

Target price is $2.48 Current Price is $1.07 Difference: $1.41
If EBR meets the Canaccord Genuity target it will return approximately 132% (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 0.16 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 685.90.

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 685.90.

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

EOS    ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED

Hardware & Equipment – Overnight Price: $4.83

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

Electro Optic Systems’ first commercial high-energy laser weapon (HELW) sale to the Netherlands positions the company as an early leader in directed-energy defence systems, suggests Canaccord Genuity.

The analysts highlight the company’s full intellectual property ownership across the HELW value chain, underpinned by growing global demand for cost-effective anti-drone and counter-projectile technologies.

HELWs offer a game-changing cost advantage at -US$1-10 per shot versus circa -US$1m for conventional interceptors, explains Canaccord, driving adoption across NATO and allied markets.

It’s thought EOS could capture up to 50% of non-US market share as new contracts materialise.

The broker retains a Buy rating and $10 target.

This report was published on November 12, 2025.

Target price is $10.00 Current Price is $4.83 Difference: $5.17
If EOS meets the Canaccord Genuity target it will return approximately 107% (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 23.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 20.91.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 6.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 79.18.

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: $12.41

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

Flight Centre Travel has updated on the first four months of FY26, noting solid growth in transaction value while underlying pre-tax profit is “tracking slightly ahead”. Management is targeting underlying pre-tax profit of $305-340m for FY26.

Canaccord Genuity considers the stock cheap and believes, if investors had a higher degree of confidence in the mid point of FY26 guidance, the price could be much higher.

The broker suspects investors need to see the relative difference between statutory and underlying pre-tax profit narrow to become more positive. Hold retained. Target is steady at $12.95.

This report was published on November 12, 2025.

Target price is $12.95 Current Price is $12.41 Difference: $0.54
If FLT meets the Canaccord Genuity target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $15.17, suggesting upside of 22.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 42.00 cents and EPS of 101.20 cents.
At the last closing share price the estimated dividend yield is 3.38%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.26.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 100.8, implying annual growth of 103.1%.
Current consensus DPS estimate is 44.2, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 12.3.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 44.00 cents and EPS of 110.80 cents.
At the last closing share price the estimated dividend yield is 3.55%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.20.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 118.1, implying annual growth of 17.2%.
Current consensus DPS estimate is 50.5, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 10.5.

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

Jarden rates ((FLT)) as Buy (1) –

Management at Flight Centre Travel has reaffirmed FY26 profit before tax (PBT) guidance of $305-340m, in line with consensus, while Jarden viewed commentary as incrementally positive and slightly conservative.

Corporate total transaction value (TTV) rose 7% year-on-year in the first quarter, with improving October leisure trends supporting expectations for steady half-year earnings, explain the analysts.

The broker trims its earnings forecasts by around -2-3% across FY26-28, citing near-term leisure softness but sees longer-term upside from corporate growth and easing cost pressures.

It’s thought valuation looks compelling as EPS revisions stabilise and confidence in FY26 delivery builds. Jarden retains a Buy rating and raises its target to $18 from $17.20.

This report was published on November 12, 2025.

Target price is $18.00 Current Price is $12.41 Difference: $5.59
If FLT meets the Jarden target it will return approximately 45% (excluding dividends, fees and charges).
Current consensus price target is $15.17, suggesting upside of 22.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 57.00 cents and EPS of 104.80 cents.
At the last closing share price the estimated dividend yield is 4.59%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.84.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 100.8, implying annual growth of 103.1%.
Current consensus DPS estimate is 44.2, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 12.3.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 75.00 cents and EPS of 131.90 cents.
At the last closing share price the estimated dividend yield is 6.04%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.41.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 118.1, implying annual growth of 17.2%.
Current consensus DPS estimate is 50.5, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 10.5.

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

GNC    GRAINCORP LIMITED

Agriculture – Overnight Price: $8.22

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

FY25 earnings from GrainCorp was slightly below Canaccord Genuity’s estimates. Net profit declined -3% and was -6% below forecasts amid a higher effective tax rate.

The broker makes various adjustments to both volume and margin assumptions but through-cycle earnings and fundamental value aspects have not changed significantly.

Conditions implicated by the current ABARES forecast appear more favourable in Queensland and northern New South Wales while global grain and oilseed supply remains strong. Target is reduced to $8.71 from $9.05 and a Buy rating is retained.

This report was published on November 13, 2025.

Target price is $8.71 Current Price is $8.22 Difference: $0.49
If GNC meets the Canaccord Genuity target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $8.83, suggesting upside of 7.4%(ex-dividends)
The company’s fiscal year ends in September.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 54.00 cents and EPS of 56.00 cents.
At the last closing share price the estimated dividend yield is 6.57%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.68.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 47.1, implying annual growth of 159.4%.
Current consensus DPS estimate is 46.8, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 17.5.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 48.00 cents and EPS of 46.00 cents.
At the last closing share price the estimated dividend yield is 5.84%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.87.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 44.9, implying annual growth of -4.7%.
Current consensus DPS estimate is 41.0, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 18.3.

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

HRZ    HORIZON MINERALS LIMITED

Gold & Silver – Overnight Price: $0.06

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

Horizon Minerals has agreed to sell its non-core Lake Johnston Project to Forrestania Resources ((FRS)) for $35m ($30m cash, $5m in scrip), a move Petra Capital views as strategically accretive.

The sale effectively delivers Horizon the 2.2mtpa Black Swan mill for free, following its earlier -$30m scrip acquisition of Poseidon Nickel.

The broker notes the divestment strengthens Horizon’s balance sheet, now supported by $34m cash and a further $45m expected from toll milling and ore sales to April 2026.

Proceeds will be used to reduce the Black Swan funding gap by $25m to $75m, de-risking development in the broker’s view.

Petra Capital retains a Buy rating and raises its target to 13.4c from 12.5c.

This report was published on November 17, 2025.

Target price is $0.13 Current Price is $0.06 Difference: $0.076
If HRZ meets the Petra Capital target it will return approximately 131% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Petra Capital forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.83.

Forecast for FY27:

Petra Capital forecasts a full year FY27 dividend of 0.00 cents and EPS of 2.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 2.76.

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

IFT    INFRATIL LIMITED

Wealth Management & Investments – Overnight Price: $10.01

Jarden rates ((IFT)) as Buy (1) –

Infratil has posted a 9% increase in first half proportionate operating EBITDAF, guiding to FY26 range of NZ$960-1000m. Jarden calculates this implies second half growth of around 8% to reach the mid point.

Key growth platforms have strengthened the medium-term outlook while ongoing asset sales support the balance sheet. The broker notes CDC is tracking well and could be the next catalyst.

Buy rating. Target NZ$14.97.

This report was published on November 13, 2025.

Current Price is $10.01. 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 EPS of minus 18.22 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 54.94.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 8.1, implying annual growth of N/A.
Current consensus DPS estimate is 18.6, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 123.6.

Forecast for FY27:

Jarden forecasts a full year FY27 EPS of 6.26 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 160.03.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.7, implying annual growth of 56.8%.
Current consensus DPS estimate is 18.8, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 78.8.

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

ING    INGHAMS GROUP LIMITED

Food, Beverages & Tobacco – Overnight Price: $2.42

Jarden rates ((ING)) as Neutral (3) –

Inghams Group issued mixed guidance, assesses Jarden, with 1H26 earnings (EBITDA) forecast around -17% below consensus but FY26 guidance reaffirmed.

The broker notes rising costs have driven the shortfall, though accelerating demand, contract wins, and easing input pressures support confidence in a 2H rebound.

Earnings remain heavily second-half weighted at around 63% versus the five-year average of 45%, whichthe analysts view as a key execution risk. It’s thought operational inefficiencies and higher egg costs may persist into FY26 before margins recover in FY27.

Jarden retains a Neutral rating and cuts its target to $2.80 from $2.90.

This report was published on November 12, 2025.

Target price is $2.80 Current Price is $2.42 Difference: $0.38
If ING meets the Jarden target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $2.72, suggesting upside of 12.4%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 10.00 cents and EPS of 14.10 cents.
At the last closing share price the estimated dividend yield is 4.13%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.16.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 19.5, implying annual growth of -19.3%.
Current consensus DPS estimate is 13.5, implying a prospective dividend yield of 5.6%.
Current consensus EPS estimate suggests the PER is 12.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 16.70 cents and EPS of 23.60 cents.
At the last closing share price the estimated dividend yield is 6.90%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.25.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 25.3, implying annual growth of 29.7%.
Current consensus DPS estimate is 17.4, implying a prospective dividend yield of 7.2%.
Current consensus EPS estimate suggests the PER is 9.6.

Market Sentiment: 0.3
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: $4.30

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

Kingsgate Consolidated’s Chatree Gold Mine is performing above Canaccord Genuity’s expectations, with throughput exceeding 5.6mtpa and potential optimisation gains of up to 10%.

The broker highlights mining of the main A pit is ramping-up, expected to lift grades and improve consistency, while management targets throughput expansion towards 6mtpa.

Reserves of 1.2moz support a nine-year life, explain the analysts, with potential extensions from the SE Complex and nearby prospects. It’s thought high Thai royalties remain a constraint, though discussions may yield partial relief.

Canaccord maintains a Buy rating and raises its target to $7.70 from $7.65.

This report was published on November 17, 2025.

Target price is $7.70 Current Price is $4.30 Difference: $3.4
If KCN meets the Canaccord Genuity target it will return approximately 79% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.79 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 544.30.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.02 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 421.57.

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: $48.75

Jarden rates ((MIN)) as Sell (5) –

Mineral Resources will form a 70/30 joint venture with Posco, selling -15% of its Wodgina and Mt Marion interests for US$765m.

Jarden feels this is a strong short-term outcome, accelerating balance sheet repair and cutting gearing to around 50% by FY26.

The broker notes the deal implies an SC6 price of around US$1,600/t, well above forecast and consensus levels.

The analysts view the transaction as accretive for Mineral Resources’ shareholders by around $335m, or $1.70/share.

Jarden raises its target price to $17.30 from $15.60. Sell rating retained.

This report was published on November 12, 2025.

Target price is $17.30 Current Price is $48.75 Difference: minus $31.45 (current price is over target).
If MIN meets the Jarden target it will return approximately minus 65% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $49.79, suggesting upside of 2.1%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 91.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 53.34.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 148.2, 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 32.9.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 42.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 115.25.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 156.1, implying annual growth of 5.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 31.2.

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

ORI    ORICA LIMITED

Mining Sector Contracting – Overnight Price: $23.76

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

Jarden notes the FY25 results from Orica were characterised by strong performance in specialty chemicals, underpinned by successful M&A integration and robust market conditions in gold and copper.

The business is considered well-placed to capitalise on the fundamentals of both demand and rationality in the key explosives market.

The broker suspects the earnings growth profile and potential for further capital returns should appeal to investors and maintains an Overweight rating and $25.60 target.

This report was published on November 13, 2025.

Target price is $25.60 Current Price is $23.76 Difference: $1.84
If ORI meets the Jarden target it will return approximately 8% (excluding dividends, fees and charges).
Current consensus price target is $26.58, suggesting upside of 11.9%(ex-dividends)
The company’s fiscal year ends in September.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 66.90 cents and EPS of 122.90 cents.
At the last closing share price the estimated dividend yield is 2.82%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.33.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 124.0, implying annual growth of 269.7%.
Current consensus DPS estimate is 64.2, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 19.2.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 78.10 cents and EPS of 129.20 cents.
At the last closing share price the estimated dividend yield is 3.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.39.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 136.7, implying annual growth of 10.2%.
Current consensus DPS estimate is 70.8, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 17.4.

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

RDY    READYTECH HOLDINGS LIMITED

Software & Services – Overnight Price: $2.24

Jarden rates ((RDY)) as Upgrade to Overweight from Neutral (2) –

Jarden upgrades its rating for ReadyTech Holdings to Overweight from Neutral, citing reduced downside risk, refreshed leadership, and an attractive valuation.

Shares currently trade on 6.2x FY26 forecast earnings (EBITDA), which the broker views as a valuation floor given prior takeover interest and sector positioning.

The analysts expect recent senior hires in the Government segment to reinvigorate growth following years of underperformance, with new leadership bringing strong public-sector and technology credentials.

It’s thought the recent cyber incident involving the company’s hosted student management system, VETtrak, has minimal financial impact given insurance coverage.

Jarden retains a $2.60 target.

This report was published on November 14, 2025.

Target price is $2.60 Current Price is $2.24 Difference: $0.36
If RDY meets the Jarden target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $3.35, suggesting upside of 49.7%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 EPS of 8.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.17.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 7.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 30.7.

Forecast for FY27:

Jarden forecasts a full year FY27 EPS of 11.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.18.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 11.0, implying annual growth of 50.7%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 20.4.

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

RRL    REGIS RESOURCES LIMITED

Gold & Silver – Overnight Price: $6.65

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

Canaccord Genuity notes the updated mine plan for the Duketon North project, which outlines production of 223,000 ounces over six years at an AISC of $3524/oz.

Regis Resources has first production scheduled for June quarter 2026 that will be processed through the Moolart Well mill following completion of stockpile processing, with production building over FY27 and consistent output to the end of FY 31.

No additional infrastructure or approvals are required for recommencement of mining. The broker retains a Hold rating and raises the target to $7.05 from $6.65.

This report was published on November 13, 2025.

Target price is $7.05 Current Price is $6.65 Difference: $0.4
If RRL meets the Canaccord Genuity target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $5.90, suggesting downside of -11.3%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 2.00 cents and EPS of 91.00 cents.
At the last closing share price the estimated dividend yield is 0.30%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 74.2, implying annual growth of 120.4%.
Current consensus DPS estimate is 13.4, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 9.0.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 34.00 cents and EPS of 114.00 cents.
At the last closing share price the estimated dividend yield is 5.11%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.83.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 75.2, implying annual growth of 1.3%.
Current consensus DPS estimate is 10.7, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 8.8.

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

SFR    SANDFIRE RESOURCES LIMITED

Copper – Overnight Price: $15.70

Jarden rates ((SFR)) as Sell (5) –

Sandfire Resources has an agreement to acquire an 80% interest in the Kalkaroo copper gold project in South Australia. Jarden estimates a maximum consideration, if the company complies with conditions and ultimately proceeds, of less than $300m.

The company is taking advantage of the low cost of equity, with 70% of the initial consideration of -$105m paid in scrip and up to 70% of the second payable in scrip as well.

The broker concludes this is a low-risk acquisition of a “reasonable” project with the potential to grow materially. Sell rating maintained, as Jarden awaits more attractive entry opportunities. Target is $11.80.

This report was published on November 13, 2025.

Target price is $11.80 Current Price is $15.70 Difference: minus $3.9 (current price is over target).
If SFR meets the Jarden target it will return approximately minus 25% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $14.50, suggesting downside of -7.6%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 6.23 cents and EPS of 93.12 cents.
At the last closing share price the estimated dividend yield is 0.40%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.86.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 90.6, implying annual growth of N/A.
Current consensus DPS estimate is 21.6, implying a prospective dividend yield of 1.4%.
Current consensus EPS estimate suggests the PER is 17.3.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 48.27 cents and EPS of 110.87 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 14.16.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 102.7, implying annual growth of 13.4%.
Current consensus DPS estimate is 32.3, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 15.3.

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

SLC    SUPERLOOP LIMITED

Telecommunication – Overnight Price: $2.42

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

Superloop’s trading update has revealed ongoing growth and M&A options, with FY26 EBITDA guidance set at $109-117m, within which Canaccord Genuity estimates just $500,000 will come from the acquisition announced at the AGM.

The company has acquired Frontier Networks for -$11.5m, gaining 10,500 lots of which 45% are completed. The broker increases FY26 estimates by 3% and now expects the top end of the guidance range.

While Canaccord Genuity increases EBITDA forecasts, tax and interest assumptions are also upgraded, which means net profit estimates fall materially.

That said, the quality and return profile continue to improve and there is the possibility of accretive M&A as a positive catalyst. Buy rating and $3.74 target maintained.

This report was published on November 13, 2025.

Target price is $3.74 Current Price is $2.42 Difference: $1.32
If SLC meets the Canaccord Genuity target it will return approximately 55% (excluding dividends, fees and charges).
Current consensus price target is $3.53, suggesting upside of 45.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 302.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.8, implying annual growth of 2733.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 35.6.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 4.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 51.49.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 8.3, implying annual growth of 22.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 29.2.

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

Jarden rates ((SLC)) as Buy (1) –

Superloop has demonstrated momentum across all its divisions, Jarden asserts. FY26 guidance is for underlying EBITDA of $109-117m. The broker was surprised by the lower end of the range but suspects this reflects a conservative stance.

Recent weakness is considered an attractive entry point and the rating is upgraded to Buy from Overweight.

Consumer expectations were broadly met in the AGM update and the company appears on track to deliver around 45-47,000 net additions through the first half.

Jarden makes changes to its modelling which drives a 10% upgrade to long–term EPS estimates, helping lift the target to $3.40 from $3.20.

This report was published on November 13, 2025.

Target price is $3.40 Current Price is $2.42 Difference: $0.98
If SLC meets the Jarden target it will return approximately 40% (excluding dividends, fees and charges).
Current consensus price target is $3.53, suggesting upside of 45.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 7.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 32.27.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 6.8, implying annual growth of 2733.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 35.6.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 10.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.05.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 8.3, implying annual growth of 22.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 29.2.

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

TOR    TORQUE METALS LIMITED

Gold & Silver – Overnight Price: $0.26

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

Torque Metals posted step-out drill results from the HHH gold deposit, just north of the Paris deposit, which confirms mineralisation north-northwest and west of the existing resource, extending mineralisation by around 40m under and around 30m west.

Canaccord Genuity believes this demonstrates strong potential upside for the project. Speculative Buy rating and $0.55 target maintained.

The broker envisages potential for the broader Paris gold project to host around 1.6m ounces over time in addition to the existing 250,000 ounces resource base.

This report was published on November 13, 2025.

Target price is $0.55 Current Price is $0.26 Difference: $0.295
If TOR meets the Canaccord Genuity target it will return approximately 116% (excluding dividends, fees and charges).

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

XRO    XERO LIMITED

Accountancy – Overnight Price: $118.25

Jarden rates ((XRO)) as Buy (1) –

Jarden notes, while operating momentum was strong in the first half, expectations for Xero were also high.

Yet given the share price underperformance leading into the result, the broker was surprised at the market reaction. Group revenue grew 20% with EBITDA up 13%.

Potential reasons behind the negative reaction in the share price include the possibility that product design and development capitalisation rates were unexpectedly high and subscriber momentum below expectations.

Disclosure of the Melio depreciation appears to have been a surprise to some which may have driven downgrades, the broker suggests.

Positive aspects of the company’s performance appear to be overlooked, in the broker’s opinion, and a Buy rating is maintained. Target is reduced to $183 from $196.

This report was published on November 14, 2025.

Target price is $183.00 Current Price is $118.25 Difference: $64.75
If XRO meets the Jarden target it will return approximately 55% (excluding dividends, fees and charges).
Current consensus price target is $200.05, suggesting upside of 69.2%(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 141.86 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 83.36.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 132.4, 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 89.3.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 158.18 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 74.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 141.5, implying annual growth of 6.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 83.6.

This company reports in NZD. 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

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.

<span style="

Click to view our Glossary of Financial Terms