Daily Market Reports | 11:28 AM
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)
A1M AFP AMI BFG BNZ BRE BTL BWN CAT CYM GGP LOV MPK ORE PNI QOR SLX SNZ STN SYR
CYM CYPRIUM METALS LIMITED
Copper - Overnight Price: $0.38
Canaccord Genuity rates ((CYM)) as Initiation of coverage with Speculative Buy (1) -
Canaccord Genuity initiates coverage on Cyprium Metals with a Speculative Buy rating and a 0.65 price target following a strategic review and planned restart of the Nifty Copper Project in Western Australia.
The broker notes development will commence with a fully funded oxide leach operation, followed by a sulphide flotation restart supporting a projected 20-year mine life, with first cash flow from cathode production expected in 2026.
While initial production is secured, execution of the sulphide expansion and associated financing remain key to longer-term value, commentary concludes.
This report was published on March 26, 2026.
Target price is $0.65 Current Price is $0.38 Difference: $0.27
If CYM meets the Canaccord Genuity target it will return approximately 71% (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 4.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 9.50.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 2.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 19.00.
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: $11.34
Moelis rates ((GGP)) as Sell (5) -
Greatland Resources’ updated mineral resource estimate (MRE) significantly expands the Telfer resource, highlights Moelis. Gold inventory is increased by 150% to 8.0Moz, supporting long-term mine life potential.
Recent drilling and the inclusion of new underground resources are seen as reinforcing scale and optionality, with further growth expected as exploration continues.
The broker suggests improved clarity on reserves and capital requirements, due mid-2026, will be key to assessing economic potential and mine extension beyond 2033.
While tungsten offers option value, the analyst views gold assets as the primary driver.
Moelis retains a Sell rating and target of $10.10.
This report was published on March 30, 2026.
Target price is $10.10 Current Price is $11.34 Difference: minus $1.24 (current price is over target).
If GGP meets the Moelis target it will return approximately minus 11% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $15.93, suggesting upside of 28.9%(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 102.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.07.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 104.1, implying annual growth of 63.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 11.9.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 98.50 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 11.51.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 68.0, implying annual growth of -34.7%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.2.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
LOV LOVISA HOLDINGS LIMITED
Retailing - Overnight Price: $21.16
Jarden rates ((LOV)) as Overweight (2) -
Jarden's preferences in the Retail sector from among stocks under research coverage are Lovisa Holdings, Universal Store ((UNI)), Breville Group ((BRG)) and JB Hi-Fi ((JBH)).
These selections broadly align with the preferences of 31 buy-side fund managers, with the broker’s survey indicating bearish positioning in the sector, as around 74% of managers are underweight.
When positioning becomes deeply negative, the analysts see an opportunity for investors to reassess, particularly given Consumer Discretionary accounts for around 10% and 7% of the ASX Small Ordinaries and ASX300 indices, respectively.
Fund managers surveyed identified Nick Scali ((NCK)), Temple & Webster ((TPW), Breville, Lovisa and Universal Store as preferred stocks once sentiment toward the retail sector improves.
Common attributes across these names include structural or offshore growth, strong balance sheets and aligned management teams, highlights Jarden.
Target of $30 and Overweight for Lovisa Holdings.
This report was published on March 30, 2026.
Target price is $30.00 Current Price is $21.16 Difference: $8.84
If LOV meets the Jarden target it will return approximately 42% (excluding dividends, fees and charges).
Current consensus price target is $32.14, suggesting upside of 45.4%(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 92.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.95.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 85.0, implying annual growth of 8.8%.
Current consensus DPS estimate is 76.5, implying a prospective dividend yield of 3.5%.
Current consensus EPS estimate suggests the PER is 26.0.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 108.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.56.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 106.5, implying annual growth of 25.3%.
Current consensus DPS estimate is 96.6, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 20.8.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three source
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