Daily Market Reports | Jan 15 2026
This story features 29METALS LIMITED, and other companies.
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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)
29M BGL CIA CMM CYL DVP EDV EMR EVN FMG GGP GMD HGO KCN MIN MLX NIC NST OBM PNR PRU RMS SFR
29M 29METALS LIMITED
Copper – Overnight Price: $0.64
Canaccord Genuity rates ((29M)) as Sell (5) –
Canaccord Genuity notes base metals have continued to perform strongly, supported by global growth, with copper a standout due to tight supply, surging demand and zero TCRCs highlighting concentrate scarcity. TCRC stands for Treatment and Refining Charges.
The broker revised its base metals outlook, lifting near-term prices across all metals (except lead) and raising long-term assumptions for copper, aluminium, cobalt and tin. Copper’s long-term price forecast increased by 22% to US$5.50/lb to reflect a structural market shift.
At the December quarterly, 29Metals is expected to reveal a strong rebound in production after a weak September quarter. The broker notes the company requires record copper output to meet FY25 guidance.
Sell maintained. Target rises to 55c from 25c on commodity price revisions.
This report was published on January 12, 2026.
Target price is $0.55 Current Price is $0.64 Difference: minus $0.09 (current price is over target).
If 29M meets the Canaccord Genuity target it will return approximately minus 14% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $0.40, suggesting downside of -37.0%(ex-dividends)
Forecast for FY25:
Current consensus EPS estimate is -1.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY26:
Current consensus EPS estimate is 1.2, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 53.3.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BGL BELLEVUE GOLD LIMITED
Gold & Silver – Overnight Price: $1.68
Canaccord Genuity rates ((BGL)) as Speculative Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
Bellevue Gold produced 32koz of gold in the December quarter, broadly in line with consensus, with strong 96.1% recoveries and improving grades, while one-off operational issues deferred some production into January. FY26 guidance of 130-150koz was reaffirmed.
Speculative Buy. Target price $2.10.
This report was published on January 13, 2026.
Target price is $2.10 Current Price is $1.68 Difference: $0.42
If BGL meets the Canaccord Genuity target it will return approximately 25% (excluding dividends, fees and charges).
Current consensus price target is $1.65, suggesting upside of 1.3%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 12.1, 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 13.6.
Forecast for FY27:
Current consensus EPS estimate is 18.6, implying annual growth of 53.7%.
Current consensus DPS estimate is 3.0, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 8.9.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CIA CHAMPION IRON LIMITED
Iron Ore – Overnight Price: $6.50
Jarden rates ((CIA)) as Downgrade to Overweight from Buy (2) –
Jarden analysts note what they view as “surprising” the resilience in Chinese demand for seaborne iron ore imports in the face of soft steel demand which continues to underpin iron ore prices above US$100/t.
The analysts mark to market the Dec 2025 quarter 58% Fe price to around US$95/t and a long term assumption of US$64/t (real) by FY29 which is below consensus and is expected to remain above US$70/t through FY28.
Champion Iron is expected to report Dec qtr production of 3.6wmt and sales of 3.86m dmt which is flat on the prior quarter. Realised pricing is forecast at CA$116/dmt, down -9% q/q due to higher spot exposure and a compressed premium for P65 (Platts IODEX 65% iron ore price benchmark).
The broker forecasts earnings (EBITDA) to slip by -26% q/q which is below consensus by -12%. A rise in 65% iron ore assumptions lifts the analysts’net profit forecasts by 6%-11% for FY26-FY28.
Jarden prefers Champion over the other iron ore producers, trading a marginal premium to its valuation with target set at $5.70. Stock is downgraded to Overweight from Buy.
This report was published on January 15, 2026.
Target price is $5.70 Current Price is $6.50 Difference: minus $0.8 (current price is over target).
If CIA meets the Jarden target it will return approximately minus 12% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company’s fiscal year ends in March.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 11.00 cents.
At the last closing share price the estimated dividend yield is 1.69%.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 13.00 cents.
At the last closing share price the estimated dividend yield is 2.00%.
This company reports in CAD. 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
CMM CAPRICORN METALS LIMITED
Gold & Silver – Overnight Price: $14.81
Canaccord Genuity rates ((CMM)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
Capricorn Metals’ December quarter production of 30.5koz met consensus, with cash and bullion rising $50m to $444m. The company’s FY26 production is tracking toward the upper end of guidance.
Buy. Target price $16.75.
This report was published on January 13, 2026.
Target price is $16.75 Current Price is $14.81 Difference: $1.94
If CMM meets the Canaccord Genuity target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $16.53, suggesting upside of 11.5%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 68.5, implying annual growth of 84.7%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.6.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents.
How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 107.2, implying annual growth of 56.5%.
Current consensus DPS estimate is 6.5, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 13.8.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CYL CATALYST METALS LIMITED
Gold & Silver – Overnight Price: $7.67
Canaccord Genuity rates ((CYL)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
The broker expects Catalyst Metals to report a 29% q/q increase in production in the December quarter and a -14% q/q fall in AISC (cost).
Buy. Target price $13.25.
This report was published on January 13, 2026.
Target price is $13.25 Current Price is $7.67 Difference: $5.58
If CYL meets the Canaccord Genuity target it will return approximately 73% (excluding dividends, fees and charges).
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
DVP DEVELOP GLOBAL LIMITED
Industrial Metals – Overnight Price: $5.18
Canaccord Genuity rates ((DVP)) as Hold (3) –
Canaccord Genuity notes base metals have continued to perform strongly, supported by global growth, with copper a standout due to tight supply, surging demand and zero TCRCs highlighting concentrate scarcity. TCRC stands for Treatment and Refining Charges.
The broker revised its base metals outlook, lifting near-term prices across all metals (except lead) and raising long-term assumptions for copper, aluminium, cobalt and tin. Copper’s long-term price forecast increased by 22% to US$5.50/lb to reflect a structural market shift.
At Develop Global’s December quarterly, the broker expects production and cash flow at Woodlawn to lift as ramp-up continues toward nameplate by the March 2026 quarter. Cash is expected to decline to $190m amid elevated costs and ongoing development at Sulphur Springs.
Hold maintained. Target rises to $5.05 from $4.50 on higher zinc and copper price forecasts.
This report was published on January 12, 2026.
Target price is $5.05 Current Price is $5.18 Difference: minus $0.13 (current price is over target).
If DVP meets the Canaccord Genuity target it will return approximately minus 3% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
EDV ENDEAVOUR GROUP LIMITED
Food, Beverages & Tobacco – Overnight Price: $3.78
Jarden rates ((EDV)) as Downgrade to Underweight from Neutral (4) –
Endeavour Group served up weaker than expected 1H26 earnings guidance with EBIT down around -6% y/y with Jarden highlighting retail sales rose 0.6% y/y or 2.2% including cycling of strikes in response to around -$11m in price changes in 2Q26 and a cut in retail gross margin.
Hotels remain the upbeat segment with growth in gaming machine spending nationally. The weather in January is expected to drive further strength, the analyst notes.
The broker continues to like the business and sees it as a quality operator against a challenging macro backdrop, cutting earnings forecasts to align with the guidance downgrade, including management’s comments on price discounting on margins.
Target price is lowered to $3.30 from $3.60 with a downgrade in the rating to Underweight from Neutral.
This report was published on January 14, 2026.
Target price is $3.30 Current Price is $3.78 Difference: minus $0.48 (current price is over target).
If EDV meets the Jarden target it will return approximately minus 13% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $3.75, suggesting downside of -1.1%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 EPS of 21.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.66.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 22.6, implying annual growth of -5.0%.
Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 4.5%.
Current consensus EPS estimate suggests the PER is 16.8.
Forecast for FY27:
Jarden forecasts a full year FY27 EPS of 23.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.88.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 24.3, implying annual growth of 7.5%.
Current consensus DPS estimate is 17.9, implying a prospective dividend yield of 4.7%.
Current consensus EPS estimate suggests the PER is 15.6.
Market Sentiment: 0.0
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: $6.65
Canaccord Genuity rates ((EMR)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
Emerald Resources produced 25koz at Okvau, below expectations despite record recoveries, marking a fourth consecutive quarterly miss, the broker notes. FY26 guidance has not been restated.
Buy. Target rises to $7.10 from $6.80.
This report was published on January 13, 2026.
Target price is $7.10 Current Price is $6.65 Difference: $0.45
If EMR meets the Canaccord Genuity target it will return approximately 7% (excluding dividends, fees and charges).
Market Sentiment: -1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
EVN EVOLUTION MINING LIMITED
Gold & Silver – Overnight Price: $13.26
Canaccord Genuity rates ((EVN)) as Hold (3) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
The broker expects Evolution Mining to report a 6% q/q rise in December quarter production and a -1% q/q fall in AISC (cost).
Hold. Target price $13.75.
This report was published on January 13, 2026.
Target price is $13.75 Current Price is $13.26 Difference: $0.49
If EVN meets the Canaccord Genuity target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $11.24, suggesting downside of -14.8%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 92.8, implying annual growth of 99.6%.
Current consensus DPS estimate is 43.3, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 14.2.
Forecast for FY27:
Current consensus EPS estimate is 87.7, implying annual growth of -5.5%.
Current consensus DPS estimate is 39.4, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 15.1.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
FMG FORTESCUE LIMITED
Iron Ore – Overnight Price: $22.65
Jarden rates ((FMG)) as Underweight (4) –
Jarden analysts note what they view as “surprising” the resilience in Chinese demand for seaborne iron ore imports in the face of soft steel demand which continues to underpin iron ore prices above US$100/t.
The analysts mark to market the Dec 2025 quarter 58% Fe price to around US$95/t and a long term assumption of US$64/t (real) by FY29 which is below consensus and is expected to remain above US$70/t through FY28.
Jarden lifts Fortescue’s earnings (EBITDA) forecasts by 6% for FY26, 14% for FY27 and 18% for FY28 on a rise in iron ore price forecasts for FY26-FY28.
Underweight rated with a $17 target price (from $16) due to higher iron ore price assumptions.
This report was published on January 14, 2026.
Target price is $17.00 Current Price is $22.65 Difference: minus $5.65 (current price is over target).
If FMG 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 $20.03, suggesting downside of -11.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 130.00 cents and EPS of 202.69 cents.
At the last closing share price the estimated dividend yield is 5.74%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.17.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 159.7, implying annual growth of N/A.
Current consensus DPS estimate is 110.1, implying a prospective dividend yield of 4.9%.
Current consensus EPS estimate suggests the PER is 14.2.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 133.07 cents and EPS of 145.44 cents.
At the last closing share price the estimated dividend yield is 5.87%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.57.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 119.6, implying annual growth of -25.1%.
Current consensus DPS estimate is 71.0, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 19.0.
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
GGP GREATLAND RESOURCES LIMITED
Gold & Silver – Overnight Price: $12.59
Canaccord Genuity rates ((GGP)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
Greatland Resources’ December quarter production of 86koz was up 7% q/q and beat consensus, but sales lagged due to timing, the broker notes. Cash and bullion surged $198m q/q to $948m despite capex and a one-off -$46m stamp duty payment.
Buy. Target rises to $12.50 from $11.55.
This report was published on January 13, 2026.
Target price is $12.50 Current Price is $12.59 Difference: minus $0.09 (current price is over target).
If GGP meets the Canaccord Genuity target it will return approximately minus 1% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $12.63, suggesting upside of 0.6%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 97.6, implying annual growth of 53.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 12.9.
Forecast for FY27:
Current consensus EPS estimate is 59.1, implying annual growth of -39.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 21.3.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GMD GENESIS MINERALS LIMITED
Gold & Silver – Overnight Price: $7.54
Canaccord Genuity rates ((GMD)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
The broker expects Genesis Minerals to report -6% q/q decline in December quarter production. That forecast is 2% higher than consensus.
Buy. Target price $9.60.
This report was published on January 13, 2026.
Target price is $9.60 Current Price is $7.54 Difference: $2.06
If GMD meets the Canaccord Genuity target it will return approximately 27% (excluding dividends, fees and charges).
Current consensus price target is $7.44, suggesting downside of -1.2%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 50.3, implying annual growth of 148.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 14.8.
Forecast for FY27:
Current consensus EPS estimate is 57.2, implying annual growth of 13.7%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 13.0.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
HGO HILLGROVE RESOURCES LIMITED
Copper – Overnight Price: $0.05
Canaccord Genuity rates ((HGO)) as Speculative Buy (1) –
Canaccord Genuity notes base metals have continued to perform strongly, supported by global growth, with copper a standout due to tight supply, surging demand and zero TCRCs highlighting concentrate scarcity. TCRC stands for Treatment and Refining Charges.
The broker revised its base metals outlook, lifting near-term prices across all metals (except lead) and raising long-term assumptions for copper, aluminium, cobalt and tin. Copper’s long-term price forecast increased by 22% to US$5.50/lb to reflect a structural market shift.
At Hillgrove Resources’ December quarterly, the broker expects a modest increase in copper production to 3kt from Nugent development ore, with cash seen rising to $25m following a quarterly capital raise.
Speculative Buy maintained. Target rises to 6c from 5c, with lifts in commodity price forecasts partly offset by share dilution.
This report was published on January 12, 2026.
Target price is $0.06 Current Price is $0.05 Difference: $0.01
If HGO meets the Canaccord Genuity target it will return approximately 20% (excluding dividends, fees and charges).
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: $6.02
Canaccord Genuity rates ((KCN)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
Kingsgate Consolidated’s Chatree operation produced 21koz gold and 157koz silver in the December quarter, slightly below expectations due to weaker grades. Cash and bullion rose 55% q/q to $179m, broadly in line with forecasts.
Buy. Target rises to $8.35 from $7.70.
This report was published on January 13, 2026.
Target price is $8.35 Current Price is $6.02 Difference: $2.33
If KCN meets the Canaccord Genuity target it will return approximately 39% (excluding dividends, fees and charges).
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: $61.34
Jarden rates ((MIN)) as Sell (5) –
Jarden analysts note what they view as “surprising” the resilience in Chinese demand for seaborne iron ore imports in the face of soft steel demand which continues to underpin iron ore prices above US$100/t.
The analysts mark to market the Dec 2025 quarter 58% Fe price to around US$95/t and a long term assumption of US$64/t (real) by FY29 which is below consensus and is expected to remain above US$70/t through FY28.
A robust Dec quarter production report is expected for Mineral Resources with Onslow shipments 7% above consensus estimates of 8.19mt.
Target price is lifted to $20 from $16, but the broker believes the stock has well exceeded fundamental valuations and remains Sell rated.
This report was published on January 14, 2026.
Target price is $20.00 Current Price is $61.34 Difference: minus $41.34 (current price is over target).
If MIN meets the Jarden target it will return approximately minus 67% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $53.63, suggesting downside of -13.2%(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 minus 61.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 100.56.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 176.4, 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 35.0.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 240.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.56.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 203.8, implying annual growth of 15.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 30.3.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
MLX METALS X LIMITED
Tin – Overnight Price: $1.23
Canaccord Genuity rates ((MLX)) as Buy (1) –
Canaccord Genuity notes base metals have continued to perform strongly, supported by global growth, with copper a standout due to tight supply, surging demand and zero TCRCs highlighting concentrate scarcity. TCRC stands for Treatment and Refining Charges.
The broker revised its base metals outlook, lifting near-term prices across all metals (except lead) and raising long-term assumptions for copper, aluminium, cobalt and tin. Copper’s long-term price forecast increased by 22% to US$5.50/lb to reflect a structural market shift.
At Metals X’s December quarterly, the broker expects slightly higher tin production of 2.5kt and stronger pricing to lift EBITDA.
Buy maintained. Target rises to $1.25 from $0.95 on a higher tin price forecast.
This report was published on January 12, 2026.
Target price is $1.25 Current Price is $1.23 Difference: $0.02
If MLX meets the Canaccord Genuity target it will return approximately 2% (excluding dividends, fees and charges).
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NIC NICKEL INDUSTRIES LIMITED
Nickel – Overnight Price: $0.92
Canaccord Genuity rates ((NIC)) as Upgrade to Buy from Hold (1) –
Canaccord Genuity notes base metals have continued to perform strongly, supported by global growth, with copper a standout due to tight supply, surging demand and zero TCRCs highlighting concentrate scarcity. TCRC stands for Treatment and Refining Charges.
The broker revised its base metals outlook, lifting near-term prices across all metals (except lead) and raising long-term assumptions for copper, aluminium, cobalt and tin. Copper’s long-term price forecast increased by 22% to US$5.50/lb to reflect a structural market shift.
At Nickel Industries’ December quarterly, the broker expects operational EBITDA to decline -4% to US$80m due to weaker nickel prices, driving a -36% fall in cash to US$633m.
Rating upgraded to Buy from Hold. Target rises to $1.05 from $0.80 on a higher nickel price forecast and trimming of the discount rate to 11% from 12%.
This report was published on January 12, 2026.
Target price is $1.05 Current Price is $0.92 Difference: $0.13
If NIC meets the Canaccord Genuity target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $1.13, suggesting upside of 22.8%(ex-dividends)
Forecast for FY25:
Current consensus EPS estimate is 3.5, 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 26.3.
Forecast for FY26:
Current consensus EPS estimate is 8.3, implying annual growth of 137.1%.
Current consensus DPS estimate is 8.0, implying a prospective dividend yield of 8.7%.
Current consensus EPS estimate suggests the PER is 11.1.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NST NORTHERN STAR RESOURCES LIMITED
Gold & Silver – Overnight Price: $26.73
Canaccord Genuity rates ((NST)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
Northern Star Resources’ December quarter gold sales fell to 348koz due to a series of late-quarter operational disruptions, bringing 1H FY26 sales to 729koz. The company downgraded FY26 production guidance to 1,600-1,700koz from 1,700-1,850koz, the broker notes.
Buy. Target price $34.35
This report was published on January 13, 2026.
Target price is $34.35 Current Price is $26.73 Difference: $7.62
If NST meets the Canaccord Genuity target it will return approximately 29% (excluding dividends, fees and charges).
Current consensus price target is $28.49, suggesting upside of 5.1%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 133.0, implying annual growth of 18.1%.
Current consensus DPS estimate is 47.4, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 20.4.
Forecast for FY27:
Current consensus EPS estimate is 176.0, implying annual growth of 32.3%.
Current consensus DPS estimate is 64.6, implying a prospective dividend yield of 2.4%.
Current consensus EPS estimate suggests the PER is 15.4.
Market Sentiment: 0.6
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: $1.61
Canaccord Genuity rates ((OBM)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
The broker expects Ora Banda Mining to report a 17% q/q increase in December quarter production, broadly in line with the consensus.
Buy. Target rises to $1.70 from $1.55.
This report was published on January 13, 2026.
Target price is $1.70 Current Price is $1.61 Difference: $0.09
If OBM meets the Canaccord Genuity target it will return approximately 6% (excluding dividends, fees and charges).
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PNR PANTORO GOLD LIMITED
Gold & Silver – Overnight Price: $5.29
Canaccord Genuity rates ((PNR)) as Speculative Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
The broker expects Pantoro Gold’s December quarter production to rise 32% q/q, largely in line with the consensus. AISC (cost) is expected to decline -26% q/q.
Speculative Buy. Target rises to $7.50 from $7.30.
This report was published on January 13, 2026.
Target price is $7.50 Current Price is $5.29 Difference: $2.21
If PNR meets the Canaccord Genuity target it will return approximately 42% (excluding dividends, fees and charges).
Current consensus price target is $5.59, suggesting upside of 3.5%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 66.9, implying annual growth of 352.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 8.1.
Forecast for FY27:
Current consensus EPS estimate is 70.8, implying annual growth of 5.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 7.6.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PRU PERSEUS MINING LIMITED
Gold & Silver – Overnight Price: $5.96
Canaccord Genuity rates ((PRU)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
The broker expects Perseus Mining to report a -10% q/q fall in December quarter production to 91koz. Consensus is higher at 101koz.
Buy. Target rises to $7.80 from $7.55.
This report was published on January 13, 2026.
Target price is $7.80 Current Price is $5.96 Difference: $1.84
If PRU meets the Canaccord Genuity target it will return approximately 31% (excluding dividends, fees and charges).
Current consensus price target is $5.78, suggesting downside of -2.5%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 51.6, 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 11.5.
Forecast for FY27:
Current consensus EPS estimate is 58.3, implying annual growth of 13.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 10.2.
This company reports in USD. 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
RMS RAMELIUS RESOURCES LIMITED
Gold & Silver – Overnight Price: $4.51
Canaccord Genuity rates ((RMS)) as Buy (1) –
Canaccord Genuity lifted its long-term gold price forecast by 3.5% to US$4,909/oz from 2029 and raised medium-term estimates by 2.1% (2026-28). The broker’s long-term forex forecasts are unchanged, leading to a 3.5% rise in gold price estimate in AUD terms to $7,013/oz.
The broker also increased the long-term silver price forecast by 36.6% to US$77.7/oz.
Price targets for senior and intermediate/junior producers lifted by an average 5% after factoring in revised forecasts.
The broker notes Ramelius Resources delivered December production in line with consensus and remains on track for FY26 guidance of 185-205koz. Cash declined due to tax and dividend payments, but underlying free cash flow was a solid $67m.
Buy. Target rises to $6.05 from $5.80.
This report was published on January 13, 2026.
Target price is $6.05 Current Price is $4.51 Difference: $1.54
If RMS meets the Canaccord Genuity target it will return approximately 34% (excluding dividends, fees and charges).
Current consensus price target is $4.38, suggesting downside of -3.8%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 23.5, implying annual growth of -42.9%.
Current consensus DPS estimate is 3.5, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 19.4.
Forecast for FY27:
Current consensus EPS estimate is 27.9, implying annual growth of 18.7%.
Current consensus DPS estimate is 5.6, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 16.3.
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: $19.07
Canaccord Genuity rates ((SFR)) as Hold (3) –
Canaccord Genuity notes base metals have continued to perform strongly, supported by global growth, with copper a standout due to tight supply, surging demand and zero TCRCs highlighting concentrate scarcity. TCRC stands for Treatment and Refining Charges.
The broker revised its base metals outlook, lifting near-term prices across all metals (except lead) and raising long-term assumptions for copper, aluminium, cobalt and tin. Copper’s long-term price forecast increased by 22% to US$5.50/lb to reflect a structural market shift.
Sandfire Resources pre-reported December quarterly, and the broker notes copper-equivalent output was softer due to Motheo disruptions, offset by strong Matsa performance. The company reiterated FY26 guidance with a revised 46:54 1H/2H skew.
Hold maintained. Target rises to $19.25 from $15.00 on higher commodity price forecasts, plus an increase in EBITDA multiple to 7x from 6.5x.
This report was published on January 12, 2026.
Target price is $19.25 Current Price is $19.07 Difference: $0.18
If SFR meets the Canaccord Genuity target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $15.38, suggesting downside of -20.7%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 98.4, implying annual growth of N/A.
Current consensus DPS estimate is 21.1, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 19.7.
Forecast for FY27:
Current consensus EPS estimate is 114.4, implying annual growth of 16.3%.
Current consensus DPS estimate is 34.2, implying a prospective dividend yield of 1.8%.
Current consensus EPS estimate suggests the PER is 17.0.
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
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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