Daily Market Reports | Jan 21 2026
This story features AURELIA METALS LIMITED, and other companies.
For more info SHARE ANALYSIS: AMI
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)
AMI BGL (2) CDA CMM CXO ELV EVN GGP GLN GT1 HUB (2) IGO IMB INR LOV LTR NST PLS PMT SHG SS1 TTM VAU (2) WC8
AMI AURELIA METALS LIMITED
Gold & Silver – Overnight Price: $0.29
Moelis rates ((AMI)) as Buy (1) –
Moelis is clearly pleased with Aurelia Metals’ Q2 update, assessing both cashflow and cash position as in line with expectations and noting the sequential improvement achieved on the September quarter.
Not everything is honky dory but the analyst argues any aberrations are within the normal margin of error. Plus, of course, this company remains exposed to gold (no further explanation required, one assumes).
Moelis believes the company is well positioned to capitalise on current pricing across the full commodity suite. Buy. Target 42c.
This report was published on January 21, 2026.
Target price is $0.42 Current Price is $0.29 Difference: $0.13
If AMI meets the Moelis target it will return approximately 45% (excluding dividends, fees and charges).
Current consensus price target is $0.42, suggesting upside of 36.6%(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 4.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.59.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 4.2, implying annual growth of 45.3%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 7.4.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.58.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 5.7, implying annual growth of 35.7%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 5.4.
Market Sentiment: 1.0
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: $1.78
Jarden rates ((BGL)) as Neutral (3) –
Jarden marked to market commodity prices for the December quarter and lifted the near-term gold price forecast. 1H2026 price estimate raised to US$4,200/oz, with a taper to a long-term forecast of US$2,400/oz by FY31.
Acknowledging tighter copper markets and a concentrate-smelting imbalance, the broker also lifted the copper price forecast to US$5.45/lb in 1H2026, US$5.50/lb in FY27-29, and the long-term price to US$5.00/lb.
The broker downgraded FY26 EPS forecast for Bellevue Gold mainly due to voluntary hedge book delivery. FY27 forecast lifted by 3%.
Neutral retained. Target price $1.05.
This report was published on January 10, 2026.
Target price is $1.05 Current Price is $1.78 Difference: minus $0.73 (current price is over target).
If BGL meets the Jarden target it will return approximately minus 41% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $1.88, suggesting upside of 0.7%(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 5.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 35.60.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 11.0, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 17.0.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 15.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.87.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.7, implying annual growth of 70.0%.
Current consensus DPS estimate is 2.0, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 10.0.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((BGL)) as Buy (1) –
The one key element, Moelis highlights, is that Bellevue Gold remains on track to be largely hedge free by the end of 2026.
While peers will add more cash this year, this business will undergo a more significant change and thus offer greater re-rating potential on the broker’s assessment.
Various changes have been made to forecasts (negative) following the December quarter update. Buy. Target $2.25.
This report was published on January 21, 2026.
Target price is $2.25 Current Price is $1.78 Difference: $0.47
If BGL meets the Moelis target it will return approximately 26% (excluding dividends, fees and charges).
Current consensus price target is $1.88, suggesting upside of 0.7%(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 2.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 84.76.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 11.0, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 17.0.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 12.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.47.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.7, implying annual growth of 70.0%.
Current consensus DPS estimate is 2.0, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 10.0.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CDA CODAN LIMITED
Hardware & Equipment – Overnight Price: $37.45
Canaccord Genuity rates ((CDA)) as Buy (1) –
Canaccord Genuity continues to rate Codan as a Buy with an upgraded target of $40.28 from $37.54, boosted by an improvement in the growth outlook as its product offering is set to benefit from a rise in global defence spending and record high gold prices.
Management lifted 1H26 guided revenue to 29% growth y/y and up 7% h/h, with net profit after tax guided to at least $70m, which is some 11% above the analyst’s prior forecast and up 52% y/y.
The broker upgrades EPS estimates by 5% for FY26 and FY27.
This report was published on January 14, 2026.
Target price is $40.28 Current Price is $37.45 Difference: $2.83
If CDA meets the Canaccord Genuity target it will return approximately 8% (excluding dividends, fees and charges).
Current consensus price target is $37.48, suggesting downside of -0.0%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 37.00 cents.
At the last closing share price the estimated dividend yield is 0.99%.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 81.0, implying annual growth of 41.9%.
Current consensus DPS estimate is 38.9, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 46.3.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 45.00 cents.
At the last closing share price the estimated dividend yield is 1.20%.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 96.6, implying annual growth of 19.3%.
Current consensus DPS estimate is 46.2, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 38.8.
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: $15.39
Jarden rates ((CMM)) as Downgrade to Neutral from Overweight (3) –
Jarden marked to market commodity prices for the December quarter and lifted the near-term gold price forecast. 1H2026 price estimate raised to US$4,200/oz, with a taper to a long-term forecast of US$2,400/oz by FY31.
Acknowledging tighter copper markets and a concentrate-smelting imbalance, the broker also lifted the copper price forecast to US$5.45/lb in 1H2026, US$5.50/lb in FY27-29, and the long-term price to US$5.00/lb.
The broker believes Capricorn Metals’ acquisition of Warriedar Resources last year adds strategic tenure, infrastructure, and 1.3Moz of gold (plus antimony), creating a belt-scale consolidation opportunity. The broker sees upside skewed to stronger gold prices, while FY26 guidance implies solid production at low costs.
Rating downgraded to Neutral from Overweight on share price outperformance. Target price $11.
This report was published on January 10, 2026.
Target price is $11.00 Current Price is $15.39 Difference: minus $4.39 (current price is over target).
If CMM meets the Jarden target it will return approximately minus 29% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $16.53, suggesting upside of 4.5%(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 69.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.30.How do these forecasts compare to market consensus projections?
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 23.1.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 70.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 21.99.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 14.8.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CXO CORE LITHIUM LIMITED
New Battery Elements – Overnight Price: $0.27
Canaccord Genuity rates ((CXO)) as Speculative Buy (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions. Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
Along with a higher price outlook, the broker updated valuation for Core Lithium to a 50:50 blended NAV and 6x EV/5-year average EBITDA estimates.
The broker notes potential monetisation of SC4.8 stockpiles and fines could generate $20m free cash flow next quarter.
Target 40c. Speculative Buy rating.
This report was published on January 15, 2026.
Target price is $0.40 Current Price is $0.27 Difference: $0.13
If CXO meets the Canaccord Genuity target it will return approximately 48% (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 0.00 cents.
Forecast for FY27:
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ELV ELEVRA LITHIUM LIMITED
New Battery Elements – Overnight Price: $9.25
Canaccord Genuity rates ((ELV)) as Buy (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions. Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
Along with a higher price outlook, the broker lowered the discount rate to 8%, driving a 28% increase in the target price for Elevra Lithium to $16.00 from $12.50.
Buy maintained.
This report was published on January 15, 2026.
Target price is $16.00 Current Price is $9.25 Difference: $6.75
If ELV meets the Canaccord Genuity target it will return approximately 73% (excluding dividends, fees and charges).
Market Sentiment: 0.0
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: $13.51
Jarden rates ((EVN)) as Underweight (4) –
Jarden marked to market commodity prices for the December quarter and lifted the near-term gold price forecast. 1H2026 price estimate raised to US$4,200/oz, with a taper to a long-term forecast of US$2,400/oz by FY31.
Acknowledging tighter copper markets and a concentrate-smelting imbalance, the broker also lifted the copper price forecast to US$5.45/lb in 1H2026, US$5.50/lb in FY27-29, and the long-term price to US$5.00/lb.
At the December quarterly, the broker expects Evolution Mining to report production of 188koz, in line with the consensus.
Underweight rating. Target rises to $7.10 from $6.70. The key upside risk to the broker’s view is a continued strong gold price.
This report was published on January 10, 2026.
Target price is $7.10 Current Price is $13.51 Difference: minus $6.41 (current price is over target).
If EVN meets the Jarden target it will return approximately minus 47% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $11.57, suggesting downside of -21.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 41.00 cents and EPS of 82.00 cents.
At the last closing share price the estimated dividend yield is 3.03%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.48.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 95.7, implying annual growth of 105.8%.
Current consensus DPS estimate is 45.8, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 15.3.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 36.00 cents and EPS of 73.00 cents.
At the last closing share price the estimated dividend yield is 2.66%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.51.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 91.7, implying annual growth of -4.2%.
Current consensus DPS estimate is 40.0, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 16.0.
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: $12.81
Jarden rates ((GGP)) as Neutral (3) –
Jarden marked to market commodity prices for the December quarter and lifted the near-term gold price forecast. 1H2026 price estimate raised to US$4,200/oz, with a taper to a long-term forecast of US$2,400/oz by FY31.
Acknowledging tighter copper markets and a concentrate-smelting imbalance, the broker also lifted the copper price forecast to US$5.45/lb in 1H2026, US$5.50/lb in FY27-29, and the long-term price to US$5.00/lb.
The broker notes Greatland Resources’ December quarter gold production was in line with the consensus, and copper was slightly higher. The broker’s forecast for the December quarter gold revenue is $546m, up from $434m in the September quarter, with copper revenue at $55m vs 41m.
Neutral retained. Target rises to $5.20 from $5.00.
This report was published on January 10, 2026.
Target price is $5.20 Current Price is $12.81 Difference: minus $7.61 (current price is over target).
If GGP meets the Jarden target it will return approximately minus 59% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $12.63, suggesting downside of -5.5%(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 89.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.39.How do these forecasts compare to market consensus projections?
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 13.7.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 62.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.66.How do these forecasts compare to market consensus projections?
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 22.6.
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: $0.38
Canaccord Genuity rates ((GLN)) as Speculative Buy (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions. Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
The broker made sharp increases to Galan Lithium’s EBITDA forecasts for FY26-28. Target rises to 60c from 30c.
Speculative Buy maintained.
This report was published on January 15, 2026.
Target price is $0.60 Current Price is $0.38 Difference: $0.22
If GLN meets the Canaccord Genuity target it will return approximately 58% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GT1 GREEN TECHNOLOGY METALS LIMITED
New Battery Elements – Overnight Price: $0.05
Canaccord Genuity rates ((GT1)) as Speculative Buy (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions.
Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
No change to Green Technology Metals’ target of 18c and Speculative Buy rating.
This report was published on January 15, 2026.
Target price is $0.18 Current Price is $0.05 Difference: $0.13
If GT1 meets the Canaccord Genuity target it will return approximately 260% (excluding dividends, fees and charges).
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
HUB HUB24 LIMITED
Wealth Management & Investments – Overnight Price: $101.21
Canaccord Genuity rates ((HUB)) as Upgrade to Buy from Hold (1) –
Hub24 has yet again, albeit marginally this time, beaten expectations with its quarterly trading update. Canaccord Genuity has lifted its forecasts post FY26 in response (including higher costs).
As the analyst continues to believe Hub24’s long-term growth potential remains attractive, with the platform expected to continue increasing market share, in combination with recent share price weakness this sees the rating upgraded to Buy from Hold.
Canaccord Genuity’s price target has lifted to $115.15 from $114.95 with commentary explaining valuation is done on an equally weighted blend of DCF, SOTP and PER valuations.
This report was published on January 21, 2026.
Target price is $115.15 Current Price is $101.21 Difference: $13.94
If HUB meets the Canaccord Genuity target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $112.30, suggesting upside of 9.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 86.00 cents and EPS of 153.00 cents.
At the last closing share price the estimated dividend yield is 0.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 66.15.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 155.5, implying annual growth of 58.4%.
Current consensus DPS estimate is 75.7, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 65.8.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 114.00 cents and EPS of 186.00 cents.
At the last closing share price the estimated dividend yield is 1.13%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 54.41.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 186.9, implying annual growth of 20.2%.
Current consensus DPS estimate is 93.6, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 54.8.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((HUB)) as Upgrade to Buy from Hold (1) –
Hub24’s quarterly trading update surprised yet again to the upside, though costs are growing too and growth in advisors is slower. Moelis’ forecasts remain largely unchanged.
Rating is upgraded to Buy from Hold inspired by preceding share price weakness. The broker’s price target is now $118.04, which remains well above the share price.
Part of the broker’s enthusiasm is related to the upcoming launch of the company’s lifetime retirement solution with TAL, part of Dai-ichi Life (expected 2H of FY26).
Commentary explains this new product goes towards addressing Superannuation clients currently in pension phase, therefore aiming to retain FUA on the Hub platform.
This report was published on January 21, 2026.
Target price is $118.04 Current Price is $101.21 Difference: $16.83
If HUB meets the Moelis target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $112.30, suggesting upside of 9.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 56.00 cents and EPS of 152.10 cents.
At the last closing share price the estimated dividend yield is 0.55%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 66.54.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 155.5, implying annual growth of 58.4%.
Current consensus DPS estimate is 75.7, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 65.8.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 72.80 cents and EPS of 187.70 cents.
At the last closing share price the estimated dividend yield is 0.72%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 53.92.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 186.9, implying annual growth of 20.2%.
Current consensus DPS estimate is 93.6, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 54.8.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IGO IGO LIMITED
Nickel – Overnight Price: $8.99
Canaccord Genuity rates ((IGO)) as Upgrade to Buy from Hold (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions. Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
The broker made sharp increases to IGO Ltd’s EBITDA forecasts for FY26-28. Target rises to $10.10 on higher lithium price forecasts and a lift in EBITDA multiple to 7x from 6x.
Rating upgraded to Buy from Hold.
This report was published on January 15, 2026.
Target price is $10.10 Current Price is $8.99 Difference: $1.11
If IGO meets the Canaccord Genuity target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $8.43, suggesting downside of -7.0%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 9.7, implying annual growth of N/A.
Current consensus DPS estimate is 0.3, implying a prospective dividend yield of 0.0%.
Current consensus EPS estimate suggests the PER is 93.4.
Forecast for FY27:
Current consensus EPS estimate is 59.9, implying annual growth of 517.5%.
Current consensus DPS estimate is 9.7, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 15.1.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IMB INTELLIGENT MONITORING GROUP LIMITED
Commercial Services & Supplies – Overnight Price: $0.72
Canaccord Genuity rates ((IMB)) as Buy (1) –
Intelligent Monitoring acquired NZ-based Bluesky Holdco in December for -$40m, which is a leading fire services company.
Canaccord Genuity believes the acquisition offers Intelligent Monitoring a profitable and cash flow positive platform in NZ, where it previously did not have exposure in the commercial sector.
A small contribution is expected post the close of the acquisition in February, with the broker flagging funding via an existing $35m debt facility with National Australia Bank ((NAB)) and existing cash of $5m.
A Buy rating is retained with a $1.10 target, up from $1.
This report was published on January 14, 2026.
Target price is $1.10 Current Price is $0.72 Difference: $0.38
If IMB meets the Canaccord Genuity target it will return approximately 53% (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 7.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.29.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 9.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.00.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
INR IONEER LIMITED
New Battery Elements – Overnight Price: $0.21
Canaccord Genuity rates ((INR)) as Speculative Buy (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions. Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
Target price for ioneer rises to 55c from 50c. Speculative Buy maintained.
This report was published on January 15, 2026.
Target price is $0.55 Current Price is $0.21 Difference: $0.34
If INR meets the Canaccord Genuity target it will return approximately 162% (excluding dividends, fees and charges).
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
LOV LOVISA HOLDINGS LIMITED
Retailing – Overnight Price: $31.05
Canaccord Genuity rates ((LOV)) as Upgrade to Buy from Hold (1) –
Lovisa Holdings is upgraded to Buy from Hold by Canaccord Genuity with a new target of $36 from $37 due to a slight downward EPS forecast change for FY26.
The analyst believes the risk reward scenario for the stock has improved, with new store roll outs expected to improve FY27 earnings cadence, improved operating costs post a period of investment, and the share price retracement of around -30% over the last four months.
At the interim earnings report, the broker expects net profit after tax of $65m, which sits around -4% below consensus.
This report was published on January 13, 2026.
Target price is $36.00 Current Price is $31.05 Difference: $4.95
If LOV meets the Canaccord Genuity target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $36.71, suggesting upside of 21.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 89.30 cents and EPS of 92.00 cents.
At the last closing share price the estimated dividend yield is 2.88%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 33.75.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 95.6, implying annual growth of 22.4%.
Current consensus DPS estimate is 82.8, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 31.5.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 97.30 cents and EPS of 113.00 cents.
At the last closing share price the estimated dividend yield is 3.13%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.48.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 116.3, implying annual growth of 21.7%.
Current consensus DPS estimate is 97.7, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 25.9.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
LTR LIONTOWN LIMITED
New Battery Elements – Overnight Price: $2.09
Canaccord Genuity rates ((LTR)) as Upgrade to Buy from Hold (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions. Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
The broker made sharp increases to Liontown’s EBITDA forecasts for FY26-28. Target rises to $2.40 on higher lithium price forecasts, updated valuation methodology and a lower discount rate of 8% from 10%.
Rating upgraded to Buy from Hold.
This report was published on January 15, 2026.
Target price is $2.40 Current Price is $2.09 Difference: $0.31
If LTR meets the Canaccord Genuity target it will return approximately 15% (excluding dividends, fees and charges).
Current consensus price target is $1.56, suggesting downside of -27.4%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is -1.9, 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:
Current consensus EPS estimate is 9.8, 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 21.9.
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NST NORTHERN STAR RESOURCES LIMITED
Gold & Silver – Overnight Price: $27.98
Jarden rates ((NST)) as Underweight (4) –
Jarden marked to market commodity prices for the December quarter and lifted the near-term gold price forecast. 1H2026 price estimate raised to US$4,200/oz, with a taper to a long-term forecast of US$2,400/oz by FY31.
Acknowledging tighter copper markets and a concentrate-smelting imbalance, the broker also lifted the copper price forecast to US$5.45/lb in 1H2026, US$5.50/lb in FY27-29, and the long-term price to US$5.00/lb.
In the case of Northern Star Resources, the broker cut FY26 production estimate after the company downgraded guidance and failed to generate free cash flow in the December quarter. The broker also lifted operating costs and sustaining capex forecasts.
Underweight rating. Target price $17.
This report was published on January 10, 2026.
Target price is $17.00 Current Price is $27.98 Difference: minus $10.98 (current price is over target).
If NST meets the Jarden target it will return approximately minus 39% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $28.69, suggesting upside of 1.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 50.00 cents and EPS of 145.00 cents.
At the last closing share price the estimated dividend yield is 1.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.30.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 134.6, implying annual growth of 19.5%.
Current consensus DPS estimate is 47.4, implying a prospective dividend yield of 1.7%.
Current consensus EPS estimate suggests the PER is 20.9.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 50.00 cents and EPS of 193.00 cents.
At the last closing share price the estimated dividend yield is 1.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 183.5, implying annual growth of 36.3%.
Current consensus DPS estimate is 64.6, implying a prospective dividend yield of 2.3%.
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
PLS PLS GROUP LIMITED
New Battery Elements – Overnight Price: $4.74
Canaccord Genuity rates ((PLS)) as Buy (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions. Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
The broker expects PLS Group to report flat production of 224kt in the December quarter, stable cash costs at US$429/t, SC6 pricing of US$1,046/t, and a cash balance steady at $888m.
Sharp increases made to EBITDA forecasts for FY26-28. Target rises to $5.40 on higher lithium price forecasts and a lift in EBITDA multiple to 7.5x from 7x.
Buy maintained.
This report was published on January 15, 2026.
Target price is $5.40 Current Price is $4.74 Difference: $0.66
If PLS meets the Canaccord Genuity target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $4.39, suggesting downside of -10.3%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 7.2, implying annual growth of N/A.
Current consensus DPS estimate is 0.8, implying a prospective dividend yield of 0.2%.
Current consensus EPS estimate suggests the PER is 67.9.
Forecast for FY27:
Current consensus EPS estimate is 20.4, implying annual growth of 183.3%.
Current consensus DPS estimate is 4.4, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 24.0.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PMT PMET RESOURCES INC
Mining – Overnight Price: $0.66
Canaccord Genuity rates ((PMT)) as Speculative Buy (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions.
Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
Target for PMET Resources rises to 80c from 65c. Speculative Buy maintained.
This report was published on January 15, 2026.
Target price is $0.80 Current Price is $0.66 Difference: $0.14
If PMT meets the Canaccord Genuity target it will return approximately 21% (excluding dividends, fees and charges).
Current consensus price target is $0.78, suggesting upside of 18.8%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is -2.8, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY27:
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.
This company reports in CAD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SHG SINGULAR HEALTH GROUP LIMITED
Medical Equipment & Devices – Overnight Price: $0.26
Research as a Service (RaaS) rates ((SHG)) as No Rating (-1) –
Singular Health has received FDA 510(k) clearance for the cloud version of its flagship product, 3DICOM MD. The analyst at Research as a Service (RaaS) points out this improves the prospects for the company to further commercialise its product suite.
The announcement is marked as a key development with RaaS highlighting the regulatory milestone was concluded in 40 days, versus the typical 90-day review process.
The latter is seen as evidence of the quality and robustness of the company’s submission.
The FDA had already cleared the desktop version in October 2022. As explained by the analyst, 3DICOM enables the seamless sharing of medical images across incompatible systems –- reducing inefficiencies and unnecessary costs.
The report also identified a number of key developments that investors should look out for in the next six months (potentially lifting share price momentum).
Research as a Service (RaaS) research doesn’t carry any targets, ratings or recommendations. Investors can draw conclusions from valuations and commentary.
This report was published on January 21, 2026.
Current Price is $0.26. Target price not assessed.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SS1 SUN SILVER LIMITED
Gold & Silver – Overnight Price: $2.24
Canaccord Genuity rates ((SS1)) as Speculative Buy (1) –
Sun Silver reported another strong set of drill results from the Maverick Springs Silver-Gold project, Canaccord Genuity explains, which reinforces the project as a multi-metals system with sizeable silver, gold and antimony endowment.
A Speculative Buy rating is retained with a $4.15 target price.
This report was published on January 14, 2026.
Target price is $4.15 Current Price is $2.24 Difference: $1.91
If SS1 meets the Canaccord Genuity target it will return approximately 85% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
TTM TITAN MINERALS LIMITED
Gold & Silver – Overnight Price: $1.14
Canaccord Genuity rates ((TTM)) as Speculative Buy (1) –
Titan Minerals has announced additional robust results from the Dynasty Gold project in southern Ecuador, which indicates major resource growth potential ahead of the expected resource update late in the March quarter, Canaccord Genuity details.
Management also indicated progressed discussions around Lingbao raising its ownership of Titan’s projects.
An exclusivity deed grants Lingbao 90 days of due diligence exclusivity ending January 15 and a 180-day right of first refusal ending April 15 over the Dynasty Gold project.
A Speculative Buy rating and $1.95 target are retained.
This report was published on January 14, 2026.
Target price is $1.95 Current Price is $1.14 Difference: $0.81
If TTM meets the Canaccord Genuity target it will return approximately 71% (excluding dividends, fees and charges).
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: $6.06
Jarden rates ((VAU)) as Neutral (3) –
Jarden marked to market commodity prices for the December quarter and lifted the near-term gold price forecast. 1H2026 price estimate raised to US$4,200/oz, with a taper to a long-term forecast of US$2,400/oz by FY31.
Acknowledging tighter copper markets and a concentrate-smelting imbalance, the broker also lifted the copper price forecast to US$5.45/lb in 1H2026, US$5.50/lb in FY27-29, and the long-term price to US$5.00/lb.
At the December quarterly, the broker expects Vault Minerals to report group gold production of 84koz vs consensus of 85koz. EPS forecast for FY26 lifted by 15%, but FY27 cut by -1%.
Neutral retained. Target rises to $3.75 from $3.70.
This report was published on January 10, 2026.
Target price is $3.75 Current Price is $6.06 Difference: minus $2.31 (current price is over target).
If VAU meets the Jarden target it will return approximately minus 38% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $6.90, suggesting upside of 12.2%(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 54.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.06.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 54.1, implying annual growth of 138.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 11.4.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 53.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.24.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 72.0, implying annual growth of 33.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 8.5.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((VAU)) as Buy (1) –
Judging from Moelis’ initial response, it appears Vault Minerals’ Q2 production update didn’t quite meet expectations. But the analyst quickly points out management has reiterated its full-year guidance.
Higher costs are definitely disappointing, but solace is seen in a better cash position. Commentary states reiteration of guidance should satisfy the market that operationally things are tracking well.
As per the broker’s assessment, Deflector and Mount Monger are tracking ahead of guidance, while Leonora will require a stronger second half.
Buy. Target $6.90.
This report was published on January 21, 2026.
Target price is $6.90 Current Price is $6.06 Difference: $0.84
If VAU meets the Moelis target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $6.90, suggesting upside of 12.2%(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 19.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 30.61.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 54.1, implying annual growth of 138.9%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 11.4.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 74.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 72.0, implying annual growth of 33.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 8.5.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WC8 WILDCAT RESOURCES LIMITED
New Battery Elements – Overnight Price: $0.44
Canaccord Genuity rates ((WC8)) as Speculative Buy (1) –
Canaccord Genuity has upgraded its lithium price forecasts, noting recent price increases on strong EV and storage demand and ongoing supply disruptions.
Price forecasts for spodumene and chemicals are lifted by an average of 61% and 29% for 2026 and 2027, respectively.
Target price for Wildcat Resources rises to 70c. Buy maintained.
This report was published on January 15, 2026.
Target price is $0.70 Current Price is $0.44 Difference: $0.26
If WC8 meets the Canaccord Genuity target it will return approximately 59% (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
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
CHARTS
For more info SHARE ANALYSIS: AMI - AURELIA METALS LIMITED
For more info SHARE ANALYSIS: BGL - BELLEVUE GOLD LIMITED
For more info SHARE ANALYSIS: CDA - CODAN LIMITED
For more info SHARE ANALYSIS: CMM - CAPRICORN METALS LIMITED
For more info SHARE ANALYSIS: CXO - CORE LITHIUM LIMITED
For more info SHARE ANALYSIS: ELV - ELEVRA LITHIUM LIMITED
For more info SHARE ANALYSIS: EVN - EVOLUTION MINING LIMITED
For more info SHARE ANALYSIS: GGP - GREATLAND RESOURCES LIMITED
For more info SHARE ANALYSIS: GLN - GALAN LITHIUM LIMITED
For more info SHARE ANALYSIS: GT1 - GREEN TECHNOLOGY METALS LIMITED
For more info SHARE ANALYSIS: HUB - HUB24 LIMITED
For more info SHARE ANALYSIS: IGO - IGO LIMITED
For more info SHARE ANALYSIS: IMB - INTELLIGENT MONITORING GROUP LIMITED
For more info SHARE ANALYSIS: INR - IONEER LIMITED
For more info SHARE ANALYSIS: LOV - LOVISA HOLDINGS LIMITED
For more info SHARE ANALYSIS: LTR - LIONTOWN LIMITED
For more info SHARE ANALYSIS: NAB - NATIONAL AUSTRALIA BANK LIMITED
For more info SHARE ANALYSIS: NST - NORTHERN STAR RESOURCES LIMITED
For more info SHARE ANALYSIS: PLS - PLS GROUP LIMITED
For more info SHARE ANALYSIS: PMT - PMET RESOURCES INC
For more info SHARE ANALYSIS: SHG - SINGULAR HEALTH GROUP LIMITED
For more info SHARE ANALYSIS: SS1 - SUN SILVER LIMITED
For more info SHARE ANALYSIS: TTM - TITAN MINERALS LIMITED
For more info SHARE ANALYSIS: VAU - VAULT MINERALS LIMITED
For more info SHARE ANALYSIS: WC8 - WILDCAT RESOURCES LIMITED