Daily Market Reports | Apr 01 2026
This story features AIC MINES LIMITED, and other companies.
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The company is included in ALL-ORDS
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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)
A1M AFP AMI BFG BNZ BRE BTL BWN CAT CYM GGP LOV MPK ORE PNI QOR SLX SNZ STN SYR
A1M AIC MINES LIMITED
Gold & Silver – Overnight Price: $0.51
Moelis rates ((A1M)) as Buy (1) –
AIC Mines’ updated mineral resources and ore reserves (MROR) show continued growth in mineral inventory, driven by drilling rather than higher commodity price assumptions, Moelis explains.
The broker believes the increase in resources and reserves, particularly at Jericho, supports long-term production potential, with the orebody remaining open and further exploration upside likely.
Progress at the Jericho development, including early access to ore, reinforces the analyst’s confidence in delivery of growth alongside the upcoming plant upgrade.
Current copper prices and expected free cash flow (FCF) are expected to alleviate funding concerns, despite recent share price weakness driven by broader market conditions.
Moelis retains a Buy rating and target of $0.71.
This report was published on March 31, 2026.
Target price is $0.71 Current Price is $0.51 Difference: $0.2
If A1M meets the Moelis target it will return approximately 39% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.79.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 7.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.71.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AFP AFT PHARMACEUTICALS LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $2.73
Jarden rates ((AFP)) as Overweight (2) –
Jarden highlights AFT Pharmaceuticals’ partnership model is delivering, with strong royalty growth from key products expected to support international revenue expansion.
Recent results from partner Hyloris point to accelerating royalty income, underpinning the broker’s forecasts for significant growth in AFT’s international and royalty revenues.
The analyst estimates international and royalty revenue will rise sharply through FY26 and FY27, supporting progress toward the company’s NZ$300m revenue target.
Jarden retains an Overweight rating and target of NZ$4.10.
This report was published on March 30, 2026.
Current Price is $2.73. Target price not assessed.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AMI AURELIA METALS LIMITED
Gold & Silver – Overnight Price: $0.25
Moelis rates ((AMI)) as Buy (1) –
Aurelia Metals has entered into a new financing package to replace its existing $65m bonding facility and the undrawn US$17.4 6m Trafigura loan note.
The $150m package consists of a three-year $40m revolving credit facility and rehabilitation bonding tranches of $30m and $80m secured over the majority of the company’s assets.
The main implication from the new funding arrangements, Moelis asserts, is replacing Trafigura as a key lender and the release of $38m in cash currently held in deposit against bonding obligations across the Cobar project.
The ability to attract a replacement facility of this nature from reputable lenders (Citi, HSBC and Credeq) is a further validation of the outlook for the company, the broker adds. Buy rating. Target is $0.43.
This report was published on April 1, 2026.
Target price is $0.43 Current Price is $0.25 Difference: $0.18
If AMI meets the Moelis target it will return approximately 72% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 4.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.95.
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 4.81.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BFG BELL FINANCIAL GROUP LIMITED
Diversified Financials – Overnight Price: $1.23
Research as a Service (RaaS) rates ((BFG)) as No Rating (-1) –
Research as a Service (RaaS) observes Bell Financial is developing a hybrid advice model combining online and full-service offerings to capture a larger share of the under-advised Australian market.
Bell is seen as well positioned to execute this strategy, supported by its integrated systems, existing product suite and capabilities across both channels.
The Praemium ((PPS)) platform and additional partnerships are expected to broaden the addressable market and underpin growth.
Separately, the Markets division performance is tracking ahead of the analyst’s expectations year-to-date, though valuation has been modestly reduced to $2.33 from $2.40
The broker highlights the strongest half for broking profit since H2 FY21 and an improved H2 FY25 net interest margin for margin lending.
Valuation falls to $2.33 per share from $2.40 due to lower peer multiples. RaaS research doesn’t carry any ratings or targets. Investors can draw conclusions from valuation and commentary.
This report was published on March 31, 2026.
Target price is $2.33 Current Price is $1.23 Difference: $1.1
If BFG meets the Research as a Service (RaaS) target it will return approximately 89% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BNZ BENZ MINING CORP.
Gold & Silver – Overnight Price: $2.20
Argonaut rates ((BNZ)) as Upgrade to Speculative Buy from Hold (2) –
Argonaut has upgraded Benz Mining to Speculative Buy from Hold with a 3.40 price target following a high-grade gold discovery at the Mt Egerton project.
The broker highlights the Kilkenny discovery, which returned an intercept of 11m at 144g/t, supporting the company’s structural model.
While the company remains a pre-study development play, a cash position of 94m as of January 2026 provides funding for continued drilling and mine scoping at the Glenburgh system.
Commentary suggests exploration results remain the key driver, with future value dependent on defining the scale of a potential Glenburgh development.
This report was published on March 18, 2026.
Target price is $3.40 Current Price is $2.20 Difference: $1.2
If BNZ meets the Argonaut target it will return approximately 55% (excluding dividends, fees and charges).
The company’s fiscal year ends in April.
Forecast for FY26:
Argonaut forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 3.73 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 58.98.
Forecast for FY27:
Argonaut forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 0.08 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 2750.00.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BRE BRAZILIAN RARE EARTHS LIMITED
Rare Earth Minerals – Overnight Price: $4.30
Argonaut rates ((BRE)) as Speculative Buy (2) –
Argonaut maintains a Speculative Buy rating for Brazilian Rare Earths with a 5.80 target price following scoping study outcomes for the Amargosa Bauxite Project and a strategic downstream partnership.
The broker notes the Amargosa study outlines a low-capex, 17-year project generating average annual free cash flow of US$84m, which the company intends to spin out into a separate listed entity.
A recent 120m capital raising has bolstered the cash position to 162m, providing significant runway for development as rare earth production is not modeled until FY32.
Technical support from Processor Carester is seen as a key de-risking milestone for the Monte Alto project.
Future valuation remains tied to the successful commercialisation of the core rare earth assets, with the current price target reflecting a 50:50 blend of spot and forecast metal prices.
This report was published on January 29, 2026.
Target price is $5.80 Current Price is $4.30 Difference: $1.5
If BRE meets the Argonaut target it will return approximately 35% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY26:
Argonaut forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 13.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 32.82.
Forecast for FY27:
Argonaut forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 11.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 37.39.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BTL BEETALOO ENERGY AUSTRALIA LIMITED
Energy – Overnight Price: $0.34
Canaccord Genuity rates ((BTL)) as Speculative Buy (1) –
Canaccord Genuity maintains a Speculative Buy rating for Beetaloo Energy following the Inpex farm-in, which the broker views as strong validation of the basin’s scale and energy security credentials.
Canaccord Genuity sees the upcoming Carpentaria gas plant installation and pilot gas sales in 2H 2026 as the primary near-term catalysts, alongside potential Tamboran farm-in news providing price discovery for the basin.
No amendments were made to financial forecasts in this update.
This report was published on March 26, 2026.
Target price is $0.45 Current Price is $0.34 Difference: $0.115
If BTL meets the Canaccord Genuity target it will return approximately 34% (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
BWN BHAGWAN MARINE LIMITED
Industrial Sector Contractors & Engineers – Overnight Price: $0.40
Argonaut rates ((BWN)) as Buy (1) –
Argonaut reiterates a Buy rating for Bhagwan Marine with a 0.70 target price following 1H FY26 results characterised by strong cash generation but softer-than-expected earnings margins.
The broker notes 1H FY26 EBITDA of 22.4m and free cash flow of 8.6m were in line with forecasts, supported by disciplined capital management and a faster-than-anticipated reduction in net debt.
Revenue of $116.9m was modestly below expectations, reflecting the completion of the TVI decommissioning project in FY25.
While EBITDA margins remain attractive at 19.2%, commentary states future valuation is tied to the successful integration of Riverside Marine and securing new contracts in the defense and decommissioning sectors to offset legacy project completions.
The price target is lowered -7% to reflect moderated earnings assumptions and tighter medium-term margins.
This report was published on February 26, 2026.
Target price is $0.70 Current Price is $0.40 Difference: $0.3
If BWN meets the Argonaut target it will return approximately 75% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Argonaut forecasts a full year FY26 dividend of 1.00 cents and EPS of 2.60 cents.
At the last closing share price the estimated dividend yield is 2.50%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.38.
Forecast for FY27:
Argonaut forecasts a full year FY27 dividend of 0.80 cents and EPS of 4.20 cents.
At the last closing share price the estimated dividend yield is 2.00%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.52.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CAT CATAPULT SPORTS LIMITED
Medical Equipment & Devices – Overnight Price: $3.22
Canaccord Genuity rates ((CAT)) as Buy (1) –
Canaccord Genuity maintains a Buy rating (target $8) following an FY26 trading update, with total annualised contract value expected to reach US$133m to US$134m, representing record organic growth.
The valuation is supported by continued growth in high-margin subscription revenue and a strengthened US$50m cash balance with no debt.
Acquisition-related capacity constraints are expected to reduce FY26 free cash flow by -US$5m, although the business remains self-funding with improving cash generation into FY27.
Commentary states growth is supported by further penetration into the professional sports segment and high barriers to entry.
This report was published on March 26, 2026.
Target price is $8.00 Current Price is $3.22 Difference: $4.78
If CAT meets the Canaccord Genuity target it will return approximately 148% (excluding dividends, fees and charges).
Current consensus price target is $5.66, suggesting upside of 67.3%(ex-dividends)
The company’s fiscal year ends in March.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.33 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 96.81.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -10.4, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 7.41 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 43.47.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -8.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
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
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 sources
MPK MANY PEAKS MINERALS LIMITED
Mining – Overnight Price: $0.77
Canaccord Genuity rates ((MPK)) as Speculative Buy (1) –
Canaccord Genuity maintains a Speculative Buy rating and $1.85 target for Many Peaks Minerals following confirmation of a 37km Leraba gold corridor at the Ferke South project in Cote d’Ivoire.
The broker notes historical drilling intercepted gold mineralisation across all drill lines despite wide spacing, with rock chip assays returning high-grade results, supporting the case for a substantial bulk-tonnage system.
Key near-term catalysts include the imminent Ferke South permit grant, commencement of RC drilling, and a maiden resource estimate for the Ouarigue prospect expected in the June quarter, which the broker sees potentially exceeding 1.3Moz.
No amendments were made to financial forecasts in this update.
This report was published on March 26, 2026.
Target price is $1.85 Current Price is $0.77 Difference: $1.085
If MPK meets the Canaccord Genuity target it will return approximately 142% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ORE OREZONE GOLD CORPORATION CDI
Gold & Silver – Overnight Price: $2.24
Canaccord Genuity rates ((ORE)) as Buy (1) –
Canaccord Genuity maintains a Buy rating on Orezone Gold Corp and a 4.00 price target following fourth quarter results and the completion of the -$593m Casa Berardi acquisition.
The report explains the valuation is supported by strategic diversification into a tier-one jurisdiction and a defined pathway to exceed 300K ounces of annual production by 2028.
While 2025 costs met guidance, 2026 guidance is higher than previous estimates due to gold-linked royalties and seasonal power supply constraints at the Bombore mine.
Commentary suggests significant exploration upside with a 100,000 metre drilling program at Casa Berardi commencing in the second quarter. An updated mine plan and consolidated outlook are expected by late 2026.
This report was published on March 25, 2026.
Target price is $4.00 Current Price is $2.24 Difference: $1.76
If ORE meets the Canaccord Genuity target it will return approximately 79% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 65.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.45.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 57.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.93.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PNI PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED
Wealth Management & Investments – Overnight Price: $14.13
Canaccord Genuity rates ((PNI)) as Buy (1) –
Canaccord Genuity observes Pinnacle Investment Management’s major Metrics funds are tracking well, with assets holding steady since the December half reflecting that fears of widespread redemptions and liquidity shortfall do not seem to be materialising yet.
The broker acknowledges there are sentiment pressures in the sector and the most prudent risk worth evaluating is any second-order impact from global conflict that could weigh on loan serviceability later in the year.
Estimates for EPS are downgraded by -10-13%, driven by lower funds under management with the rally in the AUD/GBP and AUD/USD unhelpful. Buy rating unchanged. Target is reduced to $24.53 from $27.22.
This report was published on March 30, 2026.
Target price is $24.53 Current Price is $14.13 Difference: $10.4
If PNI meets the Canaccord Genuity target it will return approximately 74% (excluding dividends, fees and charges).
Current consensus price target is $22.23, suggesting upside of 51.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 57.00 cents and EPS of 60.80 cents.
At the last closing share price the estimated dividend yield is 4.03%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 23.24.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 67.8, implying annual growth of 7.3%.
Current consensus DPS estimate is 62.0, implying a prospective dividend yield of 4.2%.
Current consensus EPS estimate suggests the PER is 21.6.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 76.00 cents and EPS of 81.30 cents.
At the last closing share price the estimated dividend yield is 5.38%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.38.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 86.2, implying annual growth of 27.1%.
Current consensus DPS estimate is 77.2, implying a prospective dividend yield of 5.3%.
Current consensus EPS estimate suggests the PER is 17.0.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
QOR QORIA LIMITED
Software & Services – Overnight Price: $0.28
Canaccord Genuity rates ((QOR)) as Buy (1) –
Canaccord Genuity maintains a Buy rating on Qoria and a $0.80 price target following an investor briefing and positive trading update.
Annual recurring revenue reached US$238m with underlying growth of 30% through February 2026, driven by the Employee Benefits division adding 149k subscribers year-to-date.
The broker identifies cost synergies of US$55m from the Aura merger, which is expected to support a transition to free cash flow positivity in 2H2026.
No changes have been made to financial forecasts.
This report was published on March 26, 2026.
Target price is $0.80 Current Price is $0.28 Difference: $0.52
If QOR meets the Canaccord Genuity target it will return approximately 186% (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 20.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 1.39.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 5.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 5.38.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SLX SILEX SYSTEMS LIMITED
Uranium – Overnight Price: $5.29
Canaccord Genuity rates ((SLX)) as Speculative Buy (1) –
Canaccord Genuity maintains a Speculative Buy rating on Silex Systems and a 10.48 price target following news that 51% owned JV Global Laser Enrichment secured a US$98.9m incentive package from Kentucky authorities.
The broker notes while GLE was recently unable to secure a specific Task Order 2 award, this funding adds to a recent US$28.5m Department of Energy award, highlighting increasing government support for third-generation enrichment technology.
Despite a -50% share price retracement from November 2025 highs, commentary states fundamentals are supported by a potential Western supply gap as Russian import caps approach in 2028.
While commercialisation risks remain, the company’s position as a potential supplier to US enrichment demand remains a key driver of future value, the broker assures.
This report was published on March 26, 2026.
Target price is $10.48 Current Price is $5.29 Difference: $5.19
If SLX meets the Canaccord Genuity target it will return approximately 98% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SNZ SUMMERSET GROUP HOLDINGS LIMITED
Aged Care & Seniors – Overnight Price: $7.50
Jarden rates ((SNZ)) as Neutral (3) –
Jarden maintains a Neutral rating for Summerset Group Holdings with a NZ$11.44 target price following a post-reporting review focused on cash conversion and sector-wide working capital imposts.
While development continues, the broker highlights an expanding “paper profits gap” as the difference between reported sales and cash equivalents increased to -NZ$86m in FY25 from -NZ$40m in FY24.
This discrepancy is driven by internal resident transfers to care suites and the use of price discounting to maintain development cadence in a slow New Zealand housing market, the report explains.
While Summerset continues to support its build rate via its balance sheet, commentary states future valuation is tied to improved visibility on internal transfer volumes and the reversal of short-term receivables.
Jarden says the neutral stance reflects a cautious view of high sector leverage against a competitive backdrop.
This report was published on March 30, 2026.
Current Price is $7.50. Target price not assessed.
Current consensus price target is N/A
The company’s fiscal year ends in December.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 4.26 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 175.89.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 91.8, implying annual growth of N/A.
Current consensus DPS estimate is 20.6, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 8.2.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 2.75 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 272.33.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 100.0, implying annual growth of 8.9%.
Current consensus DPS estimate is 21.2, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 7.5.
This company reports in NZD. 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
STN SATURN METALS LIMITED
Gold & Silver – Overnight Price: $0.45
Canaccord Genuity rates ((STN)) as Initiation of coverage with Speculative Buy (1) –
Canaccord Genuity initiates coverage of Saturn Metals with a Speculative Buy rating and $1 target.
The company’s flagship asset is the Apollo Hill project, in Western Australia’s northern goldfields, which hosts a resource of 2.24moz at 0.51g/t gold.
The broker’s valuation is 50% risked and preliminary given the level of studies undertaken at this stage.
Canaccord Genuity also points out heap leaching is making a “quiet resurgence” stemming from higher gold prices and incremental improvements in leach kinetics, pad design and reagent management — and as a disciplined, mainstream development rather than a low-cost resort.
This report was published on March 30, 2026.
Target price is $1.00 Current Price is $0.45 Difference: $0.55
If STN meets the Canaccord Genuity target it will return approximately 122% (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 3.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 15.00.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 3.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 15.00.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SYR SYRAH RESOURCES LIMITED
New Battery Elements – Overnight Price: $0.13
Jarden rates ((SYR)) as Downgrade to Underweight from Neutral (4) –
Jarden has downgraded Syrah Resources to Underweight from Neutral with a 0.10 price target following a recapitalisation that introduces uncertainty around the future share count.
The broker notes valuation is impacted by dilution from convertible loan notes and a fully underwritten $104m entitlement offer, with the base case assuming conversion of US$409m in debt into equity in 2029.
While Balama remains a high-quality asset, future value is dependent on achieving Vidalia qualification and scaling commercial sales, with free cash flow not expected until 2H 2030.
This report was published on March 30, 2026.
Target price is $0.10 Current Price is $0.13 Difference: minus $0.03 (current price is over target).
If SYR meets the Jarden target it will return approximately minus 23% (excluding dividends, fees and charges – negative figures indicate an expected loss).
The company’s fiscal year ends in December.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 5.14 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 2.53.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 2.72 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 4.78.
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
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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