Daily Market Reports | Dec 04 2025
This story features EAGERS AUTOMOTIVE LIMITED, and other companies.
For more info SHARE ANALYSIS: APE
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)
APE ART ASL CKF DYL FBU GGP (2) GLN IMD NXT RCL USL VAU VSL
APE EAGERS AUTOMOTIVE LIMITED
Automobiles & Components – Overnight Price: $28.19
Moelis rates ((APE)) as Hold (3) –
New car sales fell -1.8% year-on-year in November, though year-to-date volumes remained slightly positive and premium car brands outperformed despite mixed results across major brands, explains Moelis.
Chinese manufacturers again posted strong gains, highlights the broker, and segment performance was varied, with SUVs and light commercials offsetting weaker passenger and heavy vehicle sales.
Demand for new energy vehicles (NEVs) continued to build, note the analysts, with sharply higher growth in plug-in hybrid electric vehicles, battery electric vehicles, and hybrids.
Unchanged $35.90 target and Hold rating for Eagers Automotive.
This report was published on December 3, 2025.
Target price is $35.90 Current Price is $28.19 Difference: $7.71
If APE meets the Moelis target it will return approximately 27% (excluding dividends, fees and charges).
Current consensus price target is $31.76, suggesting upside of 12.7%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY25:
Moelis forecasts a full year FY25 dividend of 80.00 cents and EPS of 100.40 cents.
At the last closing share price the estimated dividend yield is 2.84%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 28.08.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 100.3, implying annual growth of 27.8%.
Current consensus DPS estimate is 74.1, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 28.1.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 99.80 cents and EPS of 130.80 cents.
At the last closing share price the estimated dividend yield is 3.54%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.55.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 123.2, implying annual growth of 22.8%.
Current consensus DPS estimate is 82.9, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 22.9.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ART AIRTASKER LIMITED
Online media & mobile platforms – Overnight Price: $0.35
Research as a Service (RaaS) rates ((ART)) as No Rating (-1) –
Research as a Service (RaaS) attended Airtasker’s investor day last week, showcasing a range of senior management and media capital partners.
As per the analyst’s report, product development continues to focus on improving marketplace trust (improved tasker details and job descriptions), increased frequency of transactions (better/fewer quotes, taskers own page) and using AI for better/faster job matches.
Ultimately, the analyst concludes, the real opportunity is to reduce the gap between postings and bookings.
The company has initiated several growth initiatives in Australia in conjunction with accelerated marketing spend, including a bigger focus on cities outside of Sydney, Melbourne and Brisbane, a doubling down of the distribution model (a link within third-party websites) and the introduction of gift cards.
Forecasts have remained unchanged but confidence has improved both in management and in the company’s growth initiatives.
Valuation 51c.
Research as a Service (RaaS) research standard doesn’t carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary.
This report was published on December 4, 2025.
Target price is $0.51 Current Price is $0.35 Difference: $0.16
If ART meets the Research as a Service (RaaS) target it will return approximately 46% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Research as a Service (RaaS) forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 6.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 5.65.
Forecast for FY27:
Research as a Service (RaaS) forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.87.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ASL ANDEAN SILVER LIMITED
Gold & Silver – Overnight Price: $2.09
Canaccord Genuity rates ((ASL)) as Buy (1) –
Canaccord Genuity notes Andean Silver is drilling near mine targets at Laguna Verde within about 1 km of the plant, including Delia SE, Coyita, Taitao Appaloosa and Fabiola Yasna Coyita, to extend high grade underground lodes and grow the Resource.
Andean has reported first batch assays from phase two drilling at the main Laguna Verde underground mine complex, currently 35.2Moz AgEq at 547g/t AgEq, targeting extensions to primary mineralised domains.
Canaccord Genuity highlights high grade silver and gold intersections outside the current resource, including new east west high grade linking lodes.
Target price set at $4.25. Speculative Buy retained.
This report was published on December 2, 2025.
Target price is $4.25 Current Price is $2.09 Difference: $2.16
If ASL meets the Canaccord Genuity target it will return approximately 103% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CKF COLLINS FOODS LIMITED
Food, Beverages & Tobacco – Overnight Price: $10.69
Jarden rates ((CKF)) as Downgrade to Neutral from Overweight (3) –
Jarden downgrades Collins Foods to Neutral from Overweight as the risk reward appears more balanced, with a higher target price of $11.40 from $10.10.
The quick service restaurant operator reported a 1H26 earnings beat, with FY26 earnings (EBITDA) guidance upgraded and Australian same store sales growth improving over the second half.
FY26 net profit after tax growth guidance was lifted to high mid teens from low to mid teens, and the broker raises earnings forecasts by 0-2% for FY26-FY28, including a rise in Australia store openings to around 7pa and 50 new stores forecast for Germany in the next five years.
Jarden estimates EPS can CAGR by 15% over the next three years.
This report was published on December 2, 2025.
Target price is $10.10 Current Price is $10.69 Difference: minus $0.59 (current price is over target).
If CKF meets the Jarden target it will return approximately minus 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $11.43, suggesting upside of 7.0%(ex-dividends)
The company’s fiscal year ends in April.
Forecast for FY26:
Jarden forecasts a full year FY26 EPS of 51.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.72.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 50.0, implying annual growth of 566.7%.
Current consensus DPS estimate is 28.3, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 21.4.
Forecast for FY27:
Jarden forecasts a full year FY27 EPS of 60.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.67.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 59.0, implying annual growth of 18.0%.
Current consensus DPS estimate is 33.7, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 18.1.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
DYL DEEP YELLOW LIMITED
Uranium – Overnight Price: $1.68
Canaccord Genuity rates ((DYL)) as Buy (1) –
Deep Yellow has appointed Greg Field as Managing Director and CEO, starting no later than May 1, 2026.
Canaccord Genuity notes Mr Field is a qualified mining engineer who worked as MD of Project Development (Americas and Europe) at Rio Tinto ((RIO)).
He started his career in South Africa and is acquainted with Namibia.
Speculative Buy rating retained with an unchanged target price of $1.98.
This report was published on December 2, 2025.
Target price is $1.98 Current Price is $1.68 Difference: $0.3
If DYL meets the Canaccord Genuity target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is $1.93, suggesting upside of 14.9%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY25:
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of minus 1.25 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 134.83.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -0.5, 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 1.71 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 98.07.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -3.9, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
FBU FLETCHER BUILDING LIMITED
Building Products & Services – Overnight Price: $3.05
Jarden rates ((FBU)) as Buy (1) –
Fletcher Building is viewed by Jarden as a late-cycle recovery play, with meaningful improvement unlikely before FY27 given the subdued New Zealand residential market. Further, FY26 earnings are expected to be heavily second-half weighted.
The broker notes delayed cost-out benefits and still-soft indicators such as Humes pipes and Auckland commercial demand. Positively, lower interest rates are anticipated to aid additions and alterations through the company’s key Placemakers segment.
Jarden sees a slow grind through early 2026 before momentum improves and retains a Buy rating while lifting its target price to NZ$4.09 from NZ$3.93.
This report was published on December 3, 2025.
Current Price is $3.05. Target price not assessed.
Current consensus price target is $3.13, suggesting upside of 2.6%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 14.8, 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 20.6.
Forecast for FY27:
Current consensus EPS estimate is 18.9, implying annual growth of 27.7%.
Current consensus DPS estimate is 2.2, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 16.1.
This company reports in NZD. 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
GGP GREATLAND RESOURCES LIMITED
Gold & Silver – Overnight Price: $8.26
Canaccord Genuity rates ((GGP)) as Buy (1) –
The Havieron definitive feasibility study has served up lower capex and all in sustaining costs against Canaccord Genuity’s previous expectations.
Havieron is anticipated to average 266koz of gold and 9.6kt of copper annually at costs of $1,610/oz over 9 years.
Over the 17 year mine life, total production is expected at 3.5Moz of gold and 130kt of copper at cost of $1,725/oz, with first gold flagged to be around 2.5 years from the final investment decision.
Target price is raised to $11.55 from $10.65 with a Buy rating maintained.
This report was published on December 2, 2025.
Target price is $11.55 Current Price is $8.26 Difference: $3.29
If GGP meets the Canaccord Genuity target it will return approximately 40% (excluding dividends, fees and charges).
Current consensus price target is $10.92, suggesting upside of 32.2%(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 96.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.60.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 95.0, implying annual growth of 49.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 8.7.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 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 9.39.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 69.8, implying annual growth of -26.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
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
Moelis rates ((GGP)) as Hold (3) –
Moelis believes Greatland Resources’ updated Feasibility Study reinforces Havieron’s status as one of Australia’s highest-quality undeveloped gold deposits.
The analysts highlight competitive cash costs and long-life potential supported by Telfer infrastructure and operating cashflow. It’s thought the project’s scale and low economic hurdles increase the likelihood of multi-decade mine life extensions.
Despite strong recent cash generation, the broker notes the coming growth phase and around -$1.8bn capital requirement dilute valuation metrics, while medium-term visibility at Telfer remains limited.
Moelis retains a Hold rating and lifts its target by 5% to $8.50.
This report was published on December 2, 2025.
Target price is $8.50 Current Price is $8.26 Difference: $0.24
If GGP meets the Moelis target it will return approximately 3% (excluding dividends, fees and charges).
Current consensus price target is $10.92, suggesting upside of 32.2%(ex-dividends)
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 95.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.65.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 95.0, implying annual growth of 49.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 8.7.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 59.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.86.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 69.8, implying annual growth of -26.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
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
GLN GALAN LITHIUM LIMITED
New Battery Elements – Overnight Price: $0.26
Canaccord Genuity rates ((GLN)) as Speculative Buy (1) –
Canaccord Genuity believes Galan Lithium’s Hombre Muerto West project in Argentina is the world’s most advanced lithium development project.
Commissioning is scheduled for 1H26 and the project is funded to deliver Stage 1 production of 4ktpa LCE (lithium carbonate equivalent) at all-in-sustaining-costs around -US$3,500/t.
The broker views the Authium partnership as a major de-risking of the project development and Authium has completed all the major structural work of the nanofiltration plant. Site preparation has started.
Speculative Buy rating retained. Target is lifted to 30c from 25c. Hombre West has the upside potential to be a high margin asset.
This report was published on November 21, 2025.
Target price is $0.30 Current Price is $0.26 Difference: $0.045
If GLN meets the Canaccord Genuity target it will return approximately 18% (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 minus 0.01 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 2550.00.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.03 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 850.00.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IMD IMDEX LIMITED
Mining Sector Contracting – Overnight Price: $3.37
Canaccord Genuity rates ((IMD)) as Buy (1) –
Imdex has announced the acquisition of Advanced Logic Technology, a Luxembourg global leader in rock sensor systems and geoscience data processing software.
Canaccord Genuity highlights the acquisition (-$98.9m) comes on the back of the Earth Science Analytics acquisition in July and increases the company’s capability in geophysical and rock textures, a key competency as orebodies become deeper and more complicated.
The analyst considers the acquisition as sensible and should assist Imdex in gaining higher revenue growth, as well as boosting the percentage of earnings from tech/SaaS and recurring revenue sources.
The broker re-iterates the Buy rating and maintains its $3.98 target price.
This report was published on December 1, 2025.
Target price is $3.98 Current Price is $3.37 Difference: $0.61
If IMD meets the Canaccord Genuity target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is $3.73, suggesting upside of 10.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 EPS of 9.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 37.44.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 10.9, implying annual growth of 1.1%.
Current consensus DPS estimate is 3.9, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 30.9.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 EPS of 12.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 28.08.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 12.6, implying annual growth of 15.6%.
Current consensus DPS estimate is 5.7, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 26.7.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NXT NEXTDC LIMITED
Cloud services – Overnight Price: $13.57
Canaccord Genuity rates ((NXT)) as Buy (1) –
NextDC has announced 71MW of new contracts, a 29% rise in total contracted capacity to 316MW and a rise of 53% in forward orders, as noted by Canaccord Genuity.
Forward orders, capacity which is contracted but not yet billing, rose to 205MW, due to come online in FY26-FY29.
Commentary posits the rise in capex guidance of -$400m for FY26 infers that some of the new contracts will start billing in FY27.
The existing portfolio profile suggests to the analyst more contract wins in Melbourne, although the details were not announced.
Management said contracted capacity additions suggest FY26 will be a record year, exceeding FY25’s additional 72MW of new contracted capacity. FY26 net revenue and earnings (EBITDA) guidance is unchanged.
The broker lifts earnings (EBITDA) estimates by 4% for FY27 and 3% for FY28. Target price is raised to $22.55 from $21.70. No change to Buy rating.
This report was published on December 1, 2025.
Target price is $22.55 Current Price is $13.57 Difference: $8.98
If NXT meets the Canaccord Genuity target it will return approximately 66% (excluding dividends, fees and charges).
Current consensus price target is $19.93, suggesting upside of 46.9%(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 minus 12.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 111.23.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -18.9, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 13.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 102.03.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -20.4, 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 N/A.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
RCL READCLOUD LIMITED
Education & Tuition – Overnight Price: $0.10
Research as a Service (RaaS) rates ((RCL)) as No Rating (-1) –
ReadCloud had pre-released key financial metrics, hence why the Research as a Service (RaaS) analyst didn’t spot any major surprises in the FY25 result release.
It is the analyst’s assessment the core strategic Australian schools-facing businesses in eBooks and VET-in-Schools (collectively 85% of FY25 group sales revenue) delivered strong results, with VET-in-Schools the standout growing revenue at 26% to $5.7m and continuing to deliver gross margins exceeding 90%.
Commentary suggests the schools-facing businesses remain the growth driver for the company and they are considered well-positioned to continue to perform well in FY26 and beyond.
Small upward adjustments to forecasts have pushed up the DCF valuation to 0.38 from 0.35.
This company services the education and training sectors through the provision of digital learning content, proprietary interactive technology and support for students and educators.
Research as a Service (RaaS) research standard doesn’t carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary.
This report was published on December 3, 2025.
Target price is $0.38 Current Price is $0.10 Difference: $0.275
If RCL meets the Research as a Service (RaaS) target it will return approximately 262% (excluding dividends, fees and charges).
The company’s fiscal year ends in September.
Forecast for FY26:
Research as a Service (RaaS) forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.00.
Forecast for FY27:
Research as a Service (RaaS) forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.55.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
USL UNICO SILVER LIMITED
Gold & Silver – Overnight Price: $0.67
Canaccord Genuity rates ((USL)) as Speculative Buy (1) –
Canaccord Genuity notes Unico Silver has released assay results from 29 drill holes at the Joaquin project in Santa Cruz.
The results suggest continuity of near surface silver-gold mineralisation at both La Negra and La Morocha, the analyst states.
Speculative Buy rating and $1.30 target retained.
This report was published on December 2, 2025.
Target price is $1.30 Current Price is $0.67 Difference: $0.63
If USL meets the Canaccord Genuity target it will return approximately 94% (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 minus 0.01 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 6700.00.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 0.01 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 6700.00.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
VAU VAULT MINERALS LIMITED
Gold & Silver – Overnight Price: $5.08
Jarden rates ((VAU)) as Neutral (3) –
Vault Minerals has paid -$173m to settle rather than deliver the circa 47koz 2H2025 hedge book, which implies a gold price of $6,450/oz.
The miner has also completed a 1-for-6.5 share consolidation which reduces the share count to around 1.05bn, which accounts for the change to the target price of $3.70 versus 58c prior to the hedge close out. The buyback was also restarted on 26 Nov.
Management’s FY26 guidance is unchanged at 332-360koz at $2,650-$2,850/oz and Deflector has started the transition to owner-operator mining.
The broker expects reduced production over the December 2025 quarter and March 2026 quarter.
KoTH has the same risks through 2026, the analyst comments, as the load and haul contractor prepares to transition to owner-operator mining.
Target price is lowered to $3.70 from $3.75. No change to Neutral rating.
This report was published on December 3, 2025.
Target price is $3.70 Current Price is $5.08 Difference: minus $1.38 (current price is over target).
If VAU meets the Jarden target it will return approximately minus 27% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $6.37, suggesting upside of 25.3%(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 47.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.69.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 35.6, implying annual growth of 57.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 14.3.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 54.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.37.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 51.4, implying annual growth of 44.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 9.9.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
VSL VULCAN STEEL LIMITED
Steel & Scrap – Overnight Price: $6.96
Jarden rates ((VSL)) as Neutral (3) –
Jarden observes the Vulcan Steel business is showing early signs of having bottomed and expects a gradual rebound beginning in early 2026.
The broker forecasts 1H26 earnings (EBITDA) of NZ$46.8m (pre-roofing), down -18% year-on-year, with 2H26 set to improve as volumes lift, costs stay contained and margins recover.
Jarden anticipates NZ$72m earnings (pre-roofing) in 2H26, a 38% year-on-year increase, supported by the company’s recent roofing acquisition.
Neutral rating and NZ$8.27 target are maintained.
This report was published on December 3, 2025.
Current Price is $6.96. Target price not assessed.
The company’s fiscal year ends in June.
Forecast for FY25:
Jarden forecasts a full year FY25 dividend of 10.77 cents and EPS of 17.92 cents.
At the last closing share price the estimated dividend yield is 1.55%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 38.84.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 28.78 cents and EPS of 47.96 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 14.51.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
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.
Click to view our Glossary of Financial Terms
CHARTS
For more info SHARE ANALYSIS: APE - EAGERS AUTOMOTIVE LIMITED
For more info SHARE ANALYSIS: ART - AIRTASKER LIMITED
For more info SHARE ANALYSIS: ASL - ANDEAN SILVER LIMITED
For more info SHARE ANALYSIS: CKF - COLLINS FOODS LIMITED
For more info SHARE ANALYSIS: DYL - DEEP YELLOW LIMITED
For more info SHARE ANALYSIS: FBU - FLETCHER BUILDING LIMITED
For more info SHARE ANALYSIS: GGP - GREATLAND RESOURCES LIMITED
For more info SHARE ANALYSIS: GLN - GALAN LITHIUM LIMITED
For more info SHARE ANALYSIS: IMD - IMDEX LIMITED
For more info SHARE ANALYSIS: NXT - NEXTDC LIMITED
For more info SHARE ANALYSIS: RCL - READCLOUD LIMITED
For more info SHARE ANALYSIS: RIO - RIO TINTO LIMITED
For more info SHARE ANALYSIS: USL - UNICO SILVER LIMITED
For more info SHARE ANALYSIS: VAU - VAULT MINERALS LIMITED
For more info SHARE ANALYSIS: VSL - VULCAN STEEL LIMITED