Daily Market Reports | Apr 07 2026
This story features AIC MINES LIMITED, and other companies.
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COMPANIES DISCUSSED IN THIS ISSUE
Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
A1M ACF ALK AMI APE ARU ATH AZY BC8 BGL BTL CAT CNB CPU CSC DUR EQR FFM GGP (2) GMD GPT HAS HGO IPG KCN KMD OBM PNR TWR TYR VAU WAF
A1M AIC MINES LIMITED
Gold & Silver – Overnight Price: $0.54
Moelis rates ((A1M)) as Buy (1) –
Moelis notes copper has traded in a relatively tight range throughout the March quarter before weakening late to close at US$5.50/lb.
Amid a growing narrative of potential price weakness as US stockpiles are unwound, the price has held up, which the broker suggests could be a reminder that decarbonisation remains essential to negate reliance on fossil fuel supplies.
Prices are increased between 8-11% throughout the forecast period. Long-term estimates are increased by around 2% and are now at US$4.66/lb.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation.
Buy rating retained for AIC Mines and the target rises to $0.75 from $0.71.
This report was published on April 7, 2026.
Target price is $0.75 Current Price is $0.54 Difference: $0.21
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 5.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.59.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 8.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.43.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ACF ACROW LIMITED
Building Products & Services – Overnight Price: $0.87
Shaw and Partners rates ((ACF)) as Buy, High Risk (1) –
Management at Acrow has reaffirmed FY26 guidance, supported by improving construction activity and record contract wins, highlights Shaw and Partners. The sales pipeline has reached a record $256m.
Initial FY27 guidance implies to the analyst solid year-on-year growth, underpinned by strength in Queensland formwork and a strong forward order book.
The broker’s FY27 revenue forecast is trimmed to align with guidance, while earnings estimates are unchanged. It’s noted margins are tracking ahead of expectations.
Shaw retains a Buy, High Risk rating and $1.25 target, citing around 49% total shareholder return (TSR) potential.
This report was published on April 2, 2026.
Target price is $1.25 Current Price is $0.87 Difference: $0.38
If ACF meets the Shaw and Partners target it will return approximately 44% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 5.00 cents and EPS of 9.10 cents.
At the last closing share price the estimated dividend yield is 5.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.56.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 5.00 cents and EPS of 11.20 cents.
At the last closing share price the estimated dividend yield is 5.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.77.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ALK ALKANE RESOURCES LIMITED
Gold & Silver – Overnight Price: $1.49
Moelis rates ((ALK)) as Buy (1) –
Moelis notes gold has become considerably more volatile and updates its financial estimates to capture March quarter price and FX outcomes.
The outbreak of conflict in the Persian Gulf has added to uncertainty while speculative positioning in gold has likely contributed to large moves during the quarter, the broker adds.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation. Buy rating for Alkane Resources retained. Target is raised to $2.25 from $2.20.
This report was published on April 7, 2026.
Target price is $2.25 Current Price is $1.49 Difference: $0.76
If ALK meets the Moelis target it will return approximately 51% (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 16.78 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.88.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 27.08 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.50.
Market Sentiment: 1.0
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: $0.26
Moelis rates ((AMI)) as Buy (1) –
Moelis notes copper has traded in a relatively tight range throughout the March quarter before weakening late to close at US$5.50/lb.
Amid a growing narrative of potential price weakness as US stockpiles are unwound, the price has held up, which the broker suggests could be a reminder that decarbonisation remains essential to negate reliance on fossil fuel supplies.
Prices are increased between 8-11% throughout the forecast period. Long-term estimates are increased by around 2% and are now at US$4.66/lb.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation.
Buy rating maintained for Aurelia Metals with the target edging up to $0.44 from $0.43.
This report was published on April 7, 2026.
Target price is $0.44 Current Price is $0.26 Difference: $0.18
If AMI meets the Moelis target it will return approximately 69% (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 4.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.50.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 6.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.33.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
APE EAGERS AUTOMOTIVE LIMITED
Automobiles & Components – Overnight Price: $23.69
Jarden rates ((APE)) as Upgrade to Overweight from Neutral (2) –
Jarden lowers its target for Eagers Automotive to $25.25 from $26.10 given a delay to CanadaOne deal completion.
The rating is upgraded to Overweight from Neutral as the company is seen as well positioned to outperform in a challenging consumer environment.
Despite macro headwinds, including higher interest rates and weaker sentiment, the broker sees strong demand for fuel-efficient vehicles benefiting Eagers, particularly given exposure to Toyota and EV/PHEV brands.
First half 2026 volumes are tracking better than expected by the analysts, supported by improving supply and rising EV demand, though uncertainty remains around sustainability.
This report was published on April 1, 2026.
Target price is $25.25 Current Price is $23.69 Difference: $1.56
If APE meets the Jarden target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $30.43, suggesting upside of 23.8%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 87.60 cents and EPS of 116.30 cents.
At the last closing share price the estimated dividend yield is 3.70%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.37.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 120.8, implying annual growth of 38.7%.
Current consensus DPS estimate is 85.5, implying a prospective dividend yield of 3.5%.
Current consensus EPS estimate suggests the PER is 20.3.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 95.40 cents and EPS of 126.60 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 18.71.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 135.3, implying annual growth of 12.0%.
Current consensus DPS estimate is 91.0, implying a prospective dividend yield of 3.7%.
Current consensus EPS estimate suggests the PER is 18.2.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ARU ARAFURA RARE EARTHS LIMITED
Rare Earth Minerals – Overnight Price: $0.30
Canaccord Genuity rates ((ARU)) as Speculative Buy (1) –
Management at Arafura Rare Earths has secured cornerstone equity agreements totaling around $230m, further strengthening funding for the Nolans project, highlights Canaccord Genuity.
Combined with prior equity and debt commitments, the broker sees the project as largely funded, with a final investment decision (FID) approaching.
Nolans is viewed as a development-ready, long-life rare earths project with strong offtake coverage and potential support from government-backed pricing mechanisms.
Canaccord maintains a Speculative Buy rating and $0.35 target, citing improving funding visibility and upcoming catalysts around FID and project delivery.
This report was published on April 1, 2026.
Target price is $0.35 Current Price is $0.30 Difference: $0.05
If ARU meets the Canaccord Genuity target it will return approximately 17% (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:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.00 cents.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ATH ALTERITY THERAPEUTICS LIMITED
Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $0.01
Canaccord Genuity rates ((ATH)) as Speculative Buy (1) –
Canaccord Genuity maintains a Speculative Buy rating and $0.016 target for Alterity Therapeutics following a positive FDA Type C meeting on safety and toxicology data for lead candidate ATH434, which the broker notes has meaningfully improved timeline visibility for the program.
Critical manufacturing scale-up and formal end of Phase II meetings are expected by mid-2026 to shape Phase III trial design.
First-half OpEx rose 50% to -$13.2m driven by higher share-based payments and general and administrative expenses, though the broker considers the impact on valuation negligible.
The analyst sees securing FDA agreement on a well-powered Phase III trial and potential partnering or licensing arrangements as the primary re-rating catalysts.
This report was published on March 30, 2026.
Target price is $0.02 Current Price is $0.01 Difference: $0.007
If ATH meets the Canaccord Genuity target it will return approximately 78% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 4.50.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 0.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 3.00.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
AZY ANTIPA MINERALS LIMITED
Mining – Overnight Price: $0.57
Canaccord Genuity rates ((AZY)) as Speculative Buy (1) –
Canaccord Genuity highlights results of Antipa Minerals’ updated Minyari resource, which has increased 9% to 2.9Moz of gold, with improved confidence supporting a pre-feasibility study (PFS) later in 2026.
The Minyari Dome deposits underpin the project, explain the analysts, accounting for the majority of resources and enabling a scalable development pathway. Recent additions and ongoing drilling also provide further growth potential, in the broker’s view.
The PFS is expected to maintain a similar development scale, with potential for extended mine life and optimisation of project economics.
Canaccord retains a Speculative Buy rating and $1.25 target, citing strong resource growth and exploration upside.
This report was published on April 2, 2026.
Target price is $1.25 Current Price is $0.57 Difference: $0.675
If AZY meets the Canaccord Genuity target it will return approximately 117% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
BC8 BLACK CAT SYNDICATE LIMITED
Gold & Silver – Overnight Price: $1.02
Moelis rates ((BC8)) as Buy (1) –
Moelis notes gold has become considerably more volatile and updates its financial estimates to capture March quarter price and FX outcomes.
The outbreak of conflict in the Persian Gulf has added to uncertainty while speculative positioning in gold has likely contributed to large moves during the quarter, the broker adds.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation. Buy rating for Black Cat Syndicate retained. Target edges back to $1.82 from $1.85.
This report was published on April 7, 2026.
Target price is $1.82 Current Price is $1.02 Difference: $0.795
If BC8 meets the Moelis target it will return approximately 78% (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 16.79 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.10.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 37.55 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 2.73.
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: $1.53
Moelis rates ((BGL)) as Buy (1) –
Moelis notes gold has become considerably more volatile and updates its financial estimates to capture March quarter price and FX outcomes.
The outbreak of conflict in the Persian Gulf has added to uncertainty while speculative positioning in gold has likely contributed to large moves during the quarter, the broker adds.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation. Buy rating and $2.20 target for Bellevue Gold retained.
This report was published on April 7, 2026.
Target price is $2.20 Current Price is $1.53 Difference: $0.67
If BGL meets the Moelis target it will return approximately 44% (excluding dividends, fees and charges).
Current consensus price target is $2.18, suggesting upside of 39.1%(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 0.34 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 450.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 12.3, 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 12.8.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 13.11 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.67.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 20.0, implying annual growth of 62.6%.
Current consensus DPS estimate is 2.5, implying a prospective dividend yield of 1.6%.
Current consensus EPS estimate suggests the PER is 7.9.
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: $0.35
Research as a Service (RaaS) rates ((BTL)) as No Rating (-1) –
Research as a Service (RaaS) highlights recent farm-in deals in the Beetaloo Basin have established a benchmark valuation range of around US$2,850-US$5,500 per acre for high-quality, de-risked tenements.
The broker derives this conclusion from deals between the private company, Formentera Partners, Japan’s largest exploration & production company Inpex Corp, and Tamboran Resources ((TBN)).
The Inpex transaction is seen as particularly significant, providing an arm’s-length validation from a global LNG player and helping to anchor valuation expectations across the basin.
These deals provide a positive read-through for other operators including Beetaloo Energy Australia, explains the analyst.
The stock is trading at a substantial discount to the risked net asset value (NAV) of 89c set by RaaS.
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 April 2, 2026.
Target price is $0.89 Current Price is $0.35 Difference: $0.54
If BTL meets the Research as a Service (RaaS) target it will return approximately 154% (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
CAT CATAPULT SPORTS LIMITED
Medical Equipment & Devices – Overnight Price: $3.22
Canaccord Genuity rates ((CAT)) as Buy (1) –
Canaccord Genuity maintains a Buy for Catapult Sports with an 8.00 price target following an Analyst Day outlining long-term growth targets.
Near-term objectives include reaching US$200m in Annualised Contract Value (ACV), supported by expanding penetration of the pro team and increasing revenue per team through a multi-product offering.
Recent wins include a league-wide deal with Mexico’s largest soccer league, partially offset by the loss of an NRL contract due to pricing.
AI capabilities and proprietary data infrastructure support further scalability and competitive moats. Increased transparency on non-cash share-based payments and acquisition amortisation impacts statutory earnings, but does not alter the underlying investment thesis or DCF valuation.
This report was published on March 30, 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 74.0%(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 3.32 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 96.99.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 7.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 43.54.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
CNB CARNABY RESOURCES LIMITED
Mining – Overnight Price: $0.42
Moelis rates ((CNB)) as Buy (1) –
Moelis notes copper has traded in a relatively tight range throughout the March quarter before weakening late to close at US$5.50/lb.
Amid a growing narrative of potential price weakness as US stockpiles are unwound, the price has held up, which the broker suggests could be a reminder that decarbonisation remains essential to negate reliance on fossil fuel supplies.
Prices are increased between 8-11% throughout the forecast period. Long-term estimates are increased by around 2% and are now at US$4.66/lb.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation. Buy rating for Carnaby Resources retained and the target is lifted to $0.95 from $0.90.
This report was published on April 7, 2026.
Target price is $0.95 Current Price is $0.42 Difference: $0.525
If CNB meets the Moelis target it will return approximately 124% (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 minus 3.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 13.71.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 141.67.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CPU COMPUTERSHARE LIMITED
Diversified Financials – Overnight Price: $28.33
Jarden rates ((CPU)) as Underweight (4) –
Jarden maintains an Underweight rating for Computershare with 30.00 price target following an assessment of tokenisation risks to the Transfer Agent (TA) franchise.
Securities law mandates, corporate actions complexity, and switching costs serve as key defenses, though none are considered sufficient to fully protect the business from structural disruption.
Regulatory oversight remains a legal requirement, but competitors like Securitize have registered as TAs, demonstrating licensing does not serve as an exclusive moat for incumbents.
Development of smart contract functionality by exchanges like DTCC and Nasdaq is expected to reduce the complexity advantage over time.
Switching costs and existing digital capabilities represent competitive advantages rather than structural barriers, with risk of erosion as new issuers adopt tokenised platforms.
The report states valuation reflects ongoing uncertainty regarding interest rates, capital market activity, and the long-term impact of structural disruption.
This report was published on March 31, 2026.
Target price is $30.00 Current Price is $28.33 Difference: $1.67
If CPU meets the Jarden target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $35.61, suggesting upside of 23.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 116.90 cents and EPS of 219.14 cents.
At the last closing share price the estimated dividend yield is 4.13%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.93.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 209.3, implying annual growth of N/A.
Current consensus DPS estimate is 116.5, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 13.8.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 118.30 cents and EPS of 221.70 cents.
At the last closing share price the estimated dividend yield is 4.18%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.78.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 212.4, implying annual growth of 1.5%.
Current consensus DPS estimate is 116.0, implying a prospective dividend yield of 4.0%.
Current consensus EPS estimate suggests the PER is 13.6.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CSC CAPSTONE COPPER CORP.
Copper – Overnight Price: $11.00
Moelis rates ((CSC)) as Upgrade to Buy from Hold (1) –
Capstone Copper is upgraded to Buy from Hold as Moelis notes stock specific events and growing caution around the copper price have provided an environment for a sell-off over recent weeks.
The broker flags the company’s unique investment position as one of only few pathways for domestic small-cap fund managers to gain access to high-quality diversified global copper exposure.
The main residual risk is any ongoing disruptions at operations that may signal the last six months of problems are not just temporary. Target edges up to $14.60 from $14.50.
This report was published on April 7, 2026.
Target price is $14.60 Current Price is $11.00 Difference: $3.6
If CSC meets the Moelis target it will return approximately 33% (excluding dividends, fees and charges).
Current consensus price target is $15.78, suggesting upside of 39.0%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 41.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.83.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 65.7, 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 17.3.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 37.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 29.73.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 104.5, implying annual growth of 59.1%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 10.9.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
DUR DURATEC LIMITED
Industrial Sector Contractors & Engineers – Overnight Price: $2.74
Shaw and Partners rates ((DUR)) as Buy, High Risk (1) –
Following Duratec’s Investor Day, Shaw and Partners highlights a diversified revenue base and exposure to a large addressable market estimated at $140bn-$170bn.
Increased global investment in energy and defence infrastructure is seen as supporting medium-term growth, with the broker’s earnings forecasts lifted modestly across FY27-FY28.
Duratec is viewed as well positioned to benefit from defence spending, energy transition opportunities and sustained mining investment, underpinned by a strong order book and scalable platform.
Shaw raises its target to $3.00 from $2.40 and retains a Buy, High Risk rating.
This report was published on April 2, 2026.
Target price is $3.00 Current Price is $2.74 Difference: $0.26
If DUR meets the Shaw and Partners target it will return approximately 9% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 4.30 cents and EPS of 10.20 cents.
At the last closing share price the estimated dividend yield is 1.57%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.86.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 5.00 cents and EPS of 11.20 cents.
At the last closing share price the estimated dividend yield is 1.82%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.46.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
EQR EQ RESOURCES LIMITED
Industrial Metals – Overnight Price: $0.32
Canaccord Genuity rates ((EQR)) as Buy (1) –
Canaccord Genuity highlights a sharp rise in tungsten prices, up around 180% year-to-date and more than 500% over the past 12 months, driven by defence-related demand, government policy and constrained supply.
The broker expects defence spending and munitions stockpiling to sustain pricing in the near term, with tungsten demand relatively inelastic given limited substitution in military applications.
EQ Resources is seen as well positioned to capitalise through production growth, with potential to become a top-three global producer ex-China.
Canaccord raises its target to $0.50 from $0.40 and retains a Buy rating.
This report was published on April 1, 2026.
Target price is $0.50 Current Price is $0.32 Difference: $0.185
If EQR 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
FFM FIREFLY METALS LIMITED
Gold & Silver – Overnight Price: $1.70
Moelis rates ((FFM)) as Buy (1) –
Moelis notes copper has traded in a relatively tight range throughout the March quarter before weakening late to close at US$5.50/lb.
Amid a growing narrative of potential price weakness as US stockpiles are unwound, the price has held up, which the broker suggests could be a reminder that decarbonisation remains essential to negate reliance on fossil fuel supplies.
Prices are increased between 8-11% throughout the forecast period. Long-term estimates are increased by around 2% and are now at US$4.66/lb.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation.
Buy rating retained for FireFly Metals and the target rises to $2.16 from $2.10.
This report was published on April 7, 2026.
Target price is $2.16 Current Price is $1.70 Difference: $0.465
If FFM meets the Moelis target it will return approximately 27% (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 minus 2.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 67.80.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 4.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 36.85.
Market Sentiment: 0.0
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: $12.85
Canaccord Genuity rates ((GGP)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for Greatland Resources with $15.45 price target following a 150% resource increase at Telfer to 8.0Moz gold and 370kt copper.
A 135% uplift at West Dome Open Pit to 4.9Moz and a maiden 0.6Moz Resource at West Dome Underground (WDU) support potential development of a second underground operation, explains the broker. Existing infrastructure will be leveraged.
A maiden resource for the O’Callaghans tungsten deposit identifies it as one of the largest high-grade tungsten deposits globally, highlights Canaccord.
Group production is tracking toward the top end of FY26 guidance (260koz-310koz) at the low end of AISC guidance (2,400/oz-2,800/oz).
Model revisions include a two-year mine life extension at West Dome and Main Dome out to the end of FY33.
This report was published on March 30, 2026.
Target price is $15.45 Current Price is $12.85 Difference: $2.6
If GGP meets the Canaccord Genuity target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $16.17, suggesting upside of 20.7%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 94.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.67.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 12.9.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 95.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.53.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 19.7.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Moelis rates ((GGP)) as Sell (5) –
Moelis notes gold has become considerably more volatile and updates its financial estimates to capture March quarter price and FX outcomes.
The outbreak of conflict in the Persian Gulf has added to uncertainty while speculative positioning in gold has likely contributed to large moves during the quarter, the broker adds.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation. Sell rating for Greatland Resources retained. Target is raised to $11.50 from $10.10.
This report was published on April 7, 2026.
Target price is $11.50 Current Price is $12.85 Difference: minus $1.35 (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 $16.17, suggesting upside of 20.7%(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 130.59 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.84.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 12.9.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 141.37 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.09.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 19.7.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GMD GENESIS MINERALS LIMITED
Gold & Silver – Overnight Price: $5.87
Moelis rates ((GMD)) as Upgrade to Buy from Hold (1) –
Genesis Minerals is upgraded to Buy from Hold as Moelis observes at times there have been strong share price returns while maintaining a neutral investment position.
In the March quarter the company formally committed to a new plant at the Leonora mine site which will increase overall throughput and provide additional capacity to capitalise on the significant inventory now held.
The proposed acquisition of Magnetic Resources ((MAU)) also adds further mineralised inventory near the Laverton operations.
The broker believes investors should have more conviction to bake in a potential 500,000 ounces of gold production in future.
The stock has been sold from its highs recently and the target of $8.40 compares with $8.05 previously.
This report was published on April 7, 2026.
Target price is $8.40 Current Price is $5.87 Difference: $2.53
If GMD meets the Moelis target it will return approximately 43% (excluding dividends, fees and charges).
Current consensus price target is $9.72, suggesting upside of 59.1%(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 52.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 54.8, implying annual growth of 170.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 11.1.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 68.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.54.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 64.9, implying annual growth of 18.4%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 9.4.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GPT GPT GROUP
Infra & Property Developers – Overnight Price: $4.45
Jarden rates ((GPT)) as Neutral (3) –
Jarden outlines GPT Group’s strategic shift under its new management team, with a focus on recycling capital from balance sheet assets into higher-return co-investments alongside partners.
The strategy is expected to reshape earnings, and reduce reliance on rental income while increasing contributions from co-investment income and management fees, supporting improved returns on equity.
The broker sees sufficient capital from asset sales to fund this transition, with a gradual build-out of funds under management over time.
Execution will be key, believe the analysts, with meaningful capital raising and deployment required, though the strategy has potential to drive stronger long-term shareholder returns.
Jarden retains a Neutral rating and $5.90 target.
This report was published on April 1, 2026.
Target price is $5.90 Current Price is $4.45 Difference: $1.45
If GPT meets the Jarden target it will return approximately 33% (excluding dividends, fees and charges).
Current consensus price target is $5.53, suggesting upside of 22.8%(ex-dividends)
The company’s fiscal year ends in December.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 24.50 cents and EPS of 35.40 cents.
At the last closing share price the estimated dividend yield is 5.51%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.57.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 35.1, implying annual growth of -31.5%.
Current consensus DPS estimate is 24.6, implying a prospective dividend yield of 5.5%.
Current consensus EPS estimate suggests the PER is 12.8.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 25.40 cents and EPS of 36.60 cents.
At the last closing share price the estimated dividend yield is 5.71%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.16.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 36.4, implying annual growth of 3.7%.
Current consensus DPS estimate is 25.4, implying a prospective dividend yield of 5.6%.
Current consensus EPS estimate suggests the PER is 12.4.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
HAS HASTINGS TECHNOLOGY METALS LIMITED
Rare Earth Minerals – Overnight Price: $0.47
Canaccord Genuity rates ((HAS)) as Hold (3) –
Canaccord Genuity maintains a Hold rating for Hastings Technology Metals with 0.55 price target following a binding term sheet to acquire a fully permitted hydrometallurgical plant in Thailand for up to -US$15m.
Commentary stipulates acquisition of the facility provides an accelerated, low-capex pathway to rare earth production, bypassing initial development requirements at Yangibana with commissioning targeted for mid-2026 and first Mixed Rare Earth Chloride (MREC) production in Q4 2026.
Initial 5ktpa MREC capacity scales to 30ktpa using third-party or Yangibana feedstock, while the core project remains under a 60:40 joint venture with Wyloo currently reviewing project design and timelines.
The report concludes valuation remains constrained by financing risk as a pre-production developer reliant on external capital, with potential upside linked to Thai Board of Investment (BOI) incentives and successful project execution.
This report was published on March 31, 2026.
Target price is $0.55 Current Price is $0.47 Difference: $0.085
If HAS meets the Canaccord Genuity target it will return approximately 18% (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
HGO HILLGROVE RESOURCES LIMITED
Copper – Overnight Price: $0.04
Moelis rates ((HGO)) as Buy (1) –
Moelis notes copper has traded in a relatively tight range throughout the March quarter before weakening late to close at US$5.50/lb.
Amid a growing narrative of potential price weakness as US stockpiles are unwound, the price has held up, which the broker suggests could be a reminder that decarbonisation remains essential to negate reliance on fossil fuel supplies.
Prices are increased between 8-11% throughout the forecast period. Long-term estimates are increased by around 2% and are now at US$4.66/lb.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation.
Buy rating retained for Hillgrove Resources with the target edging up to $0.08 from $0.07.
This report was published on April 7, 2026.
Target price is $0.08 Current Price is $0.04 Difference: $0.045
If HGO meets the Moelis target it will return approximately 129% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.84 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.17.
Forecast for FY27:
Moelis forecasts a full year FY27 EPS of 0.97 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.61.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
IPG IPD GROUP LIMITED
Industrial Sector Contractors & Engineers – Overnight Price: $4.74
Shaw and Partners rates ((IPG)) as Buy, High Risk (1) –
In a positive for IPD Group, Shaw and Partners highlights a sharp rise in EV-related web searches in March as an early indicator of future electrical infrastructure investment. Fuel price volatility linked to geopolitical tensions is seen as the cause.
Search activity typically precedes capital expenditure decisions, the analyst explains, positioning IPD Group to benefit as EV interest translates into infrastructure deployment.
With exposure to electrical distribution, grid infrastructure and EV-enabling systems, IPD is seen as well placed to capture this demand.
Shaw retains a Buy, High Risk rating and $5.35 target, citing attractive valuation and solid growth prospects.
This report was published on April 2, 2026.
Target price is $5.35 Current Price is $4.74 Difference: $0.61
If IPG meets the Shaw and Partners target it will return approximately 13% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 14.90 cents and EPS of 30.10 cents.
At the last closing share price the estimated dividend yield is 3.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.75.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 17.00 cents and EPS of 34.00 cents.
At the last closing share price the estimated dividend yield is 3.59%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.94.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
KCN KINGSGATE CONSOLIDATED LIMITED
Gold & Silver – Overnight Price: $4.37
Moelis rates ((KCN)) as Upgrade to Buy from Hold (1) –
Kingsgate Consolidated is upgraded to Buy from Hold as Moelis asserts the recent pull back in the share price provides adequate upside for a more constructive investment rating.
The elements that make up this new investment view include the resolution of prior legal grievances with the Thai government and scope for improved grades at Chatree.
A step change in silver prices also had an impact on the business, as byproduct credits from Chatree increase in value and the Nueva Esperanza project in Chile takes on economic potential, although the broker considers it too early to include the development case in its valuation. Target is $6.95, increased from $6.85.
This report was published on April 7, 2026.
Target price is $6.95 Current Price is $4.37 Difference: $2.58
If KCN meets the Moelis target it will return approximately 59% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 10.00 cents and EPS of 85.15 cents.
At the last closing share price the estimated dividend yield is 2.29%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.13.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 129.84 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.37.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
KMD KMD BRANDS LIMITED
Sports & Recreation – Overnight Price: $0.07
Jarden rates ((KMD)) as Downgrade to Neutral from Overweight (3) –
Jarden downgrades KMD Brands to Neutral with 0.14 price target following 1H26 results and a highly dilutive 65.3m capital raise.
Equity raise priced at a -74% discount issues circa 1,088m new shares, reducing pro-forma net debt to 32m (1.3x EBITDA) though leverage remains above the 0.5x or less target.
Commentary highlights Kathmandu (+12.3% y/y) and Rip Curl wholesale (+9.8% y/y) growth supported sales momentum, partially offset by -120bps group gross margin contraction to 56.8% amid inventory clearance.
Operating earnings forecasts are lowered by circa -30% for FY27/FY28 driven by softer Rip Curl sales and reduced long-run Kathmandu gross margin assumptions of 62.0%.
Moderating sales momentum and a history of missing targets maintain a significant credibility gap, the report states, with future valuation tied to transformation strategy execution and managing freight and input cost inflation.
This report was published on March 31, 2026.
Target price is $0.14 Current Price is $0.07 Difference: $0.07
If KMD meets the Jarden target it will return approximately 100% (excluding dividends, fees and charges).
The company’s fiscal year ends in July.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 0.36 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 19.72.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.53 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.16.
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
OBM ORA BANDA MINING LIMITED
Gold & Silver – Overnight Price: $1.12
Moelis rates ((OBM)) as Buy (1) –
Moelis notes gold has become considerably more volatile and updates its financial estimates to capture March quarter price and FX outcomes.
The outbreak of conflict in the Persian Gulf has added to uncertainty while speculative positioning in gold has likely contributed to large moves during the quarter, the broker adds.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation. Buy rating for Ora Banda Mining retained. Target reduced to $1.60 from $1.67.
This report was published on April 7, 2026.
Target price is $1.60 Current Price is $1.12 Difference: $0.48
If OBM meets the Moelis target it will return approximately 43% (excluding dividends, fees and charges).
Current consensus price target is $1.77, suggesting upside of 52.3%(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 13.93 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.04.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 12.5, implying annual growth of 22.5%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 9.3.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 16.32 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.86.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 15.7, implying annual growth of 25.6%.
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.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PNR PANTORO GOLD LIMITED
Gold & Silver – Overnight Price: $3.50
Moelis rates ((PNR)) as Buy (1) –
Moelis notes gold has become considerably more volatile and updates its financial estimates to capture March quarter price and FX outcomes.
The outbreak of conflict in the Persian Gulf has added to uncertainty while speculative positioning in gold has likely contributed to large moves during the quarter, the broker adds.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation. Buy rating for Pantoro Gold retained. Target rises to $4.90 from $4.85.
This report was published on April 7, 2026.
Target price is $4.90 Current Price is $3.50 Difference: $1.4
If PNR meets the Moelis target it will return approximately 40% (excluding dividends, fees and charges).
Current consensus price target is $6.67, suggesting upside of 85.3%(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 39.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.97.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 52.1, implying annual growth of 252.0%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 6.9.
Forecast for FY27:
Moelis 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 6.14.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 79.8, implying annual growth of 53.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 4.5.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
TWR TOWER LIMITED
Insurance – Overnight Price: $1.56
Jarden rates ((TWR)) as Initiation of coverage with Overweight (2) –
Jarden initiates on Tower with Overweight and NZ$2.42 price target following structural earnings improvement post-Canterbury earthquake (CEQ) claim runoff.
Commentary highlights normalised earnings have lifted through expense efficiencies driven by digitisation, back-office relocation to Suva, and product rationalisation from circa 400 to 13 variants.
Gross Written Premium is projected to grow 25%-plus by FY28 supported by new distribution partnerships with Westpac ((WBC)) and Kiwibank.
Natural hazard exposure continues to drive earnings volatility, though current P90 large event assumptions appear reasonable relative to historical data, the broker concludes.
Legacy customer remediation remains a residual risk, with 17m (4cps) in estimated costs over FY26-FY28.
Jarden states trading at 8x forward earnings represents a -20% discount to spot DCF estimates as the business transitions to a structurally higher earnings profile.
This report was published on March 31, 2026.
Current Price is $1.56. Target price not assessed.
The company’s fiscal year ends in September.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 9.31 cents and EPS of 18.80 cents.
At the last closing share price the estimated dividend yield is 5.95%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 8.32.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 10.64 cents and EPS of 21.02 cents.
At the last closing share price the estimated dividend yield is 6.80%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.45.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
TYR TYRO PAYMENTS LIMITED
Business & Consumer Credit – Overnight Price: $0.78
Canaccord Genuity rates ((TYR)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for Tyro Payments with $1.60 price target following the Reserve Bank of Australia’s (RBA) final conclusions on merchant card payment costs.
October 2026 implementation removes merchant surcharging and reduces interchange fees —with credit capped at 30bps and debit at 8cpt— yielding a net-neutral gross profit impact as lower revenue is offset by reduced cost of goods sold, the report concludes.
Canaccord Genuity highlights only 30% of Tyro merchants voluntarily surcharge, limiting churn risk, while increased fee transparency for large acquirers favours Tyro’s competitive positioning.
FY26 EBITDA guidance of $66m-$72m remains unchanged. Potential margin upside persists if incumbent banks are slow to reprice to recoup lost revenue, with a $100m net cash position providing significant strategic flexibility.
This report was published on March 31, 2026.
Target price is $1.60 Current Price is $0.78 Difference: $0.82
If TYR meets the Canaccord Genuity target it will return approximately 105% (excluding dividends, fees and charges).
Current consensus price target is $1.12, suggesting upside of 42.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.45.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 4.5, implying annual growth of 32.7%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 17.6.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 6.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.30.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 4.4, implying annual growth of -2.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 18.0.
Market Sentiment: 0.0
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: $4.12
Moelis rates ((VAU)) as Buy (1) –
Moelis notes gold has become considerably more volatile and updates its financial estimates to capture March quarter price and FX outcomes.
The outbreak of conflict in the Persian Gulf has added to uncertainty while speculative positioning in gold has likely contributed to large moves during the quarter, the broker adds.
Moelis has also made upward revisions to capital and operating expenditures to reflect the re-emergence of inflation, which negates some of the upside to cash flow and therefore valuation. Buy rating for Vault Minerals retained. Target edges back to $7.59 from $7.60.
This report was published on April 7, 2026.
Target price is $7.59 Current Price is $4.12 Difference: $3.47
If VAU meets the Moelis target it will return approximately 84% (excluding dividends, fees and charges).
Current consensus price target is $7.57, suggesting upside of 80.6%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 7.00 cents and EPS of 19.70 cents.
At the last closing share price the estimated dividend yield is 1.70%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.91.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 45.7, implying annual growth of 101.8%.
Current consensus DPS estimate is 13.7, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 9.2.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 88.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.66.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 76.5, implying annual growth of 67.4%.
Current consensus DPS estimate is 16.3, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 5.5.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WAF WEST AFRICAN RESOURCES LIMITED
Gold & Silver – Overnight Price: $3.24
Canaccord Genuity rates ((WAF)) as Speculative Buy (1) –
The analysts at Canaccord Genuity examine West African Resources’ updated 10-year plan. Average production of 530kozpa is targeted, up from 480kozpa, driven by contributions from both Sanbrado and Kiaka.
Mine life has been extended at Sanbrado, while Kiaka benefits from throughput upgrades and operational improvements, supporting long-term production growth, the broker suggests.
Canaccord notes 2026 guidance reflects materially higher costs (AISC) due to royalties, operating costs and sustaining capital, weighing on near-term earnings.
Improved long-term value is expected from the expanded production profile. Target rises to $5.85 from $5.70. Speculative Buy rating retained.
This report was published on April 2, 2026.
Target price is $5.85 Current Price is $3.24 Difference: $2.61
If WAF meets the Canaccord Genuity target it will return approximately 81% (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 16.00 cents and EPS of 85.00 cents.
At the last closing share price the estimated dividend yield is 4.94%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.81.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 19.00 cents and EPS of 94.00 cents.
At the last closing share price the estimated dividend yield is 5.86%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.45.
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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