Australian Broker Call *Extra* Edition – Apr 08, 2026

Array
(
    [0] => Array
        (
            [0] => ((APE))
            [1] => ((ARB))
            [2] => ((ASX))
            [3] => ((AZY))
            [4] => ((BGL))
            [5] => ((BGL))
            [6] => ((CKF))
            [7] => ((CMM))
            [8] => ((DMP))
            [9] => ((EVN))
            [10] => ((GGP))
            [11] => ((GGP))
            [12] => ((GYG))
            [13] => ((MPK))
            [14] => ((NST))
            [15] => ((PXA))
            [16] => ((RIC))
            [17] => ((TLX))
            [18] => ((VAU))
            [19] => ((WAF))
        )

    [1] => Array
        (
            [0] => APE
            [1] => ARB
            [2] => ASX
            [3] => AZY
            [4] => BGL
            [5] => BGL
            [6] => CKF
            [7] => CMM
            [8] => DMP
            [9] => EVN
            [10] => GGP
            [11] => GGP
            [12] => GYG
            [13] => MPK
            [14] => NST
            [15] => PXA
            [16] => RIC
            [17] => TLX
            [18] => VAU
            [19] => WAF
        )

)

This story features EAGERS AUTOMOTIVE LIMITED, and other companies.
For more info SHARE ANALYSIS: APE
The company is included in ASX100, ASX200, ASX300 and ALL-ORDS

An additional news report on the recommendation, valuation, forecast and opinion changes and updates for ASX-listed equities.

In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.

One key difference is the *Extra* Edition will not be updated daily, but merely “regularly” depending on availability of suitable quality content. As such, the *Extra* Edition tries to build a bridge between daily updates via the Australian Broker Call Report and ad hoc news stories, that are not always timely for investors hungry for the next information update.

Investors using the *Extra* Edition as a source of input for their own share market research should thus take into account that information after publication may not be up to date, or yet awaiting another update by FNArena’s team of journalists.

Similar to The Australian Broker Call Report, this *Extra* Edition includes concise but limited reviews of research recently published by Stockbrokers and other experts, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end of this Report.

The Australian Broker Call *Extra* Edition is a summary that has been prepared independently of the sources identified. Readers will check the full text of the recommendations and consult a Licenced Advisor before making any investment decision.

The copyright of this Report is owned by the publisher. Readers will not copy, forward or disseminate this Report to any other person. For more vital information about the sources included, see the bottom of this Report.

COMPANIES DISCUSSED IN THIS ISSUE

Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)

APE   ARB   ASX   AZY   BGL (2)   CKF   CMM   DMP   EVN   GGP (2)   GYG   MPK   NST   PXA   RIC   TLX   VAU   WAF  

APE    EAGERS AUTOMOTIVE LIMITED

Automobiles & Components – Overnight Price: $23.73

Canaccord Genuity rates ((APE)) as Buy (1) –

Canaccord Genuity maintains a Buy rating on Eagers Automotive with a $32.00 target following the release of March 2026 new vehicle sales data.

Subdued headline data showed a -2.6% decline on pcp, but 15.5% sequential increase is the primary driver for supply-driven constraints at Toyota rather than a shift in consumer demand, the report counters.

Wait lists of 3-6 months remain elevated for major models, while BYD achieved near-record sales and order write.

A weighted 2H26 earnings bias is projected, supported by CanadaOne acquisition timing and the Denza brand launch.

Commentary suggests the medium-term investment thesis remains anchored in further acquisition activity following the close of the CanadaOne deal.

This report was published on April 7, 2026.

Target price is $32.00 Current Price is $23.73 Difference: $8.27
If APE meets the Canaccord Genuity target it will return approximately 35% (excluding dividends, fees and charges).
Current consensus price target is $30.43, suggesting upside of 28.3%(ex-dividends)

Forecast for FY26:

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 3.6%.
Current consensus EPS estimate suggests the PER is 19.6.

Forecast for FY27:

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 3.8%.
Current consensus EPS estimate suggests the PER is 17.5.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ARB    ARB CORPORATION LIMITED

Automobiles & Components – Overnight Price: $20.37

Canaccord Genuity rates ((ARB)) as Hold (3) –

Canaccord Genuity maintains a Hold rating on ARB Corp with a 22.90 price target following March 2026 vehicle sales data.

Industry sales declined -7.8% year-on-year, reflecting continued weakness after a brief stabilisation, with softer demand partly driven by prior period strength in key models.

Manufacturers are managing supply to meet emissions requirements, which is also impacting volumes.

The broker sees downside risk to FY27 forecasts, with valuation reflecting potential earnings revisions in a weaker demand environment.

This report was published on April 7, 2026.

Target price is $22.90 Current Price is $20.37 Difference: $2.53
If ARB meets the Canaccord Genuity target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $28.06, suggesting upside of 32.0%(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 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 106.4, implying annual growth of -9.6%.
Current consensus DPS estimate is 70.8, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 20.0.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.00 cents.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 119.3, implying annual growth of 12.1%.
Current consensus DPS estimate is 72.5, implying a prospective dividend yield of 3.4%.
Current consensus EPS estimate suggests the PER is 17.8.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

ASX    ASX LIMITED

Wealth Management & Investments – Overnight Price: $52.80

Jarden rates ((ASX)) as Neutral (3) –

Jarden maintains a Neutral rating and 57.15 price target for ASX Limited following the release of ASIC’s final inquiry report.

That report is characterised as a detailed evidential record supporting the findings of the December 2025 interim report with limited new surprises or material escalation of regulatory risk.

Underlying drivers, including prioritisation of shareholder returns over infrastructure resilience and governance failures, remain the operative framework.

Near-term focus shifts to CHESS Release 1 go-live (April) and FY27 cost guidance (late Jun). Organisational transformation demands sustained focus and disciplined execution to ensure safe and efficient infrastructure operation, commentary concludes.

Dividend payout restricted to the 75% “bottom end” of guidance to support the $150m capital charge accumulation.

Trading at 8x forward earnings represents a -20% discount to spot DCF estimates as the business transitions to a structurally higher earnings profile, the broker highlights.

This report was published on April 2, 2026.

Target price is $57.15 Current Price is $52.80 Difference: $4.35
If ASX meets the Jarden target it will return approximately 8% (excluding dividends, fees and charges).
Current consensus price target is $56.17, suggesting upside of 0.0%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 192.10 cents and EPS of 256.00 cents.
At the last closing share price the estimated dividend yield is 3.64%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.63.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 264.7, implying annual growth of 2.2%.
Current consensus DPS estimate is 198.6, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 197.80 cents and EPS of 263.80 cents.
At the last closing share price the estimated dividend yield is 3.75%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 20.02.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 269.0, implying annual growth of 1.6%.
Current consensus DPS estimate is 208.4, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

AZY    ANTIPA MINERALS LIMITED

Mining – Overnight Price: $0.60

Canaccord Genuity rates ((AZY)) as Speculative Buy (1) –

Canaccord maintains Speculative Buy on Antipa Minerals with a $1.25 target following the 9% resource upgrade at the Minyari Project.

The broker highlights a total gold resource of 2.9Moz and significantly improved confidence with 76% now in the Indicated category.

Investigation into toll treatment at the Telfer facility is seen as a strategic development pathway for the 100%-owned asset.

Canaccord expects these results to underpin a Pre-Feasibility Study in the September quarter 2026 and continues to view the expanded resource as providing additional mine life.

This report was published on April 2, 2026.

Target price is $1.25 Current Price is $0.60 Difference: $0.65
If AZY meets the Canaccord Genuity target it will return approximately 108% (excluding dividends, fees and charges).

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: $1.56

Jarden rates ((BGL)) as Neutral (3) –

Jarden lifts its long-term gold and silver price forecasts to US$3000/oz real from FY31 for gold and US$40/oz real for silver, although also increases near-term cost assumptions to reflect fuel supply disruption.

Production forecasts are not yet constrained, although the broker considers this a “real and increasing risk” should fuel shortages escalate.

Jarden continues to believe medium term exploration success could unlock additional mining fronts and potential increases to production at Bellevue Gold, with the critical test being whether mined grades lift materially as the mine transitions to higher grade stoping areas.

Neutral retained. Target is raised to $1.30 from $1.05.

This report was published on April 3, 2026.

Target price is $1.30 Current Price is $1.56 Difference: minus $0.265 (current price is over target).
If BGL meets the Jarden target it will return approximately minus 17% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $2.18, suggesting upside of 19.3%(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 4.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 39.13.

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 14.9.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 14.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.18.

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 1.4%.
Current consensus EPS estimate suggests the PER is 9.2.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

Moelis rates ((BGL)) as Buy (1) –

Moelis, in an early response, notes Bellevue Gold enjoyed a strong March quarter, exceeding expectations in production, cash and making progress towards an unhedged 2027.

The cash result suggests underlying operating expenditure is lower than current estimates and this should manifest in lower AISC. FY26 guidance has been reiterated at 130-150,000 ounces at AISC of $2600-2900/oz.

The company also confirmed it is unaffected by any potential diesel shortages being well-placed to benefit from renewable energy infrastructure. A positive reaction is expected to the report and the broker retains a Buy rating with a $2.20 target.

This report was published on April 8, 2026.

Target price is $2.20 Current Price is $1.56 Difference: $0.635
If BGL meets the Moelis target it will return approximately 41% (excluding dividends, fees and charges).
Current consensus price target is $2.18, suggesting upside of 19.3%(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 0.34 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 460.29.

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 14.9.

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 11.94.

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 1.4%.
Current consensus EPS estimate suggests the PER is 9.2.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CKF    COLLINS FOODS LIMITED

Food, Beverages & Tobacco – Overnight Price: $8.42

Jarden rates ((CKF)) as Overweight (2) –

Jarden observes there are headwinds for the quick service restaurant (QSR) sector amid rising fuel prices, increased wages and growing competition. Along with consumers looking for value these are all factors creating earnings risk this year and beyond.

The broker’s preferred stock is Collins Foods with potentially conservative guidance. FY26 and FY27 earnings forecasts are cut by -1%-6% and the target is lowered to $11.80 from $12.10. Overweight maintained.

This report was published on April 2, 2026.

Target price is $11.80 Current Price is $8.42 Difference: $3.38
If CKF meets the Jarden target it will return approximately 40% (excluding dividends, fees and charges).
Current consensus price target is $11.83, suggesting upside of 33.6%(ex-dividends)
The company’s fiscal year ends in April.

Forecast for FY26:

Jarden forecasts a full year FY26 EPS of 52.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.19.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 51.8, implying annual growth of 590.7%.
Current consensus DPS estimate is 29.3, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 17.1.

Forecast for FY27:

Jarden forecasts a full year FY27 EPS of 60.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.03.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 62.1, implying annual growth of 19.9%.
Current consensus DPS estimate is 36.1, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 14.3.

Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

CMM    CAPRICORN METALS LIMITED

Gold & Silver – Overnight Price: $11.21

Jarden rates ((CMM)) as Upgrade to Overweight from Neutral (2) –

Jarden lifts its long-term gold and silver price forecasts to US$3000/oz real from FY31 for gold and US$40/oz real for silver, although also increases near-term cost assumptions to reflect fuel supply disruption.

Production forecasts are not yet constrained, although the broker considers this a “real and increasing risk” should fuel shortages escalate.

Low-grade open pit operations, which includes those of Capricorn Metals, are most exposed.

Rating is upgraded to Overweight from Neutral and Capricorn Metals remains the broker’s preference in the gold sector. Target is raised to $13.50 from $11.00.

This report was published on April 3, 2026.

Target price is $13.50 Current Price is $11.21 Difference: $2.29
If CMM meets the Jarden target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $18.70, suggesting upside of 53.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 12.00 cents and EPS of 68.00 cents.
At the last closing share price the estimated dividend yield is 1.07%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.49.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 75.9, implying annual growth of 104.7%.
Current consensus DPS estimate is 7.5, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 16.1.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 13.00 cents and EPS of 73.00 cents.
At the last closing share price the estimated dividend yield is 1.16%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.36.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 95.6, implying annual growth of 26.0%.
Current consensus DPS estimate is 10.0, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 12.8.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

DMP    DOMINO’S PIZZA ENTERPRISES LIMITED

Food, Beverages & Tobacco – Overnight Price: $17.06

Jarden rates ((DMP)) as Neutral (3) –

Jarden observes there are headwinds for the quick service restaurant (QSR) sector amid rising fuel prices, increased wages and growing competition. Along with consumers looking for value these are all factors creating earnings risk this year and beyond.

The broker envisages a risk for further store consolidation  for Domino’s Pizza Enterprises. FY26 and FY27 earnings forecasts are cut by -1%-6% and the target is lowered to $17 from $18. Neutral maintained.

This report was published on April 2, 2026.

Target price is $17.00 Current Price is $17.06 Difference: minus $0.06 (current price is over target).
If DMP meets the Jarden target it will return approximately minus 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $20.85, suggesting upside of 13.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 50.00 cents and EPS of 124.00 cents.
At the last closing share price the estimated dividend yield is 2.93%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 13.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 126.3, implying annual growth of N/A.
Current consensus DPS estimate is 51.0, implying a prospective dividend yield of 2.8%.
Current consensus EPS estimate suggests the PER is 14.5.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 66.00 cents and EPS of 155.00 cents.
At the last closing share price the estimated dividend yield is 3.87%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.01.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 136.1, implying annual growth of 7.8%.
Current consensus DPS estimate is 59.7, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 13.4.

Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

EVN    EVOLUTION MINING LIMITED

Gold & Silver – Overnight Price: $12.81

Jarden rates ((EVN)) as Underweight (4) –

Jarden lifts its long-term gold and silver price forecasts to US$3000/oz real from FY31 for gold and US$40/oz real for silver, although also increases near-term cost assumptions to reflect fuel supply disruption.

Production forecasts are not yet constrained, although the broker considers this a “real and increasing risk” should fuel shortages escalate.

Jarden highlights the ongoing capital required simply to sustain the asset base and retains an Underweight rating for Evolution Mining, struggling to identify a positive catalyst. Target is raised to $8.50 from $7.20.

This report was published on April 3, 2026.

Target price is $8.50 Current Price is $12.81 Difference: minus $4.31 (current price is over target).
If EVN meets the Jarden target it will return approximately minus 34% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $14.73, suggesting upside of 4.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 40.00 cents and EPS of 78.00 cents.
At the last closing share price the estimated dividend yield is 3.12%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.42.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 110.0, implying annual growth of 136.6%.
Current consensus DPS estimate is 54.2, implying a prospective dividend yield of 3.9%.
Current consensus EPS estimate suggests the PER is 12.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 32.00 cents and EPS of 64.00 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 20.02.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 113.4, implying annual growth of 3.1%.
Current consensus DPS estimate is 51.2, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 12.4.

Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

GGP    GREATLAND RESOURCES LIMITED

Gold & Silver – Overnight Price: $13.36

Jarden rates ((GGP)) as Underweight (4) –

Jarden lifts its long-term gold and silver price forecasts to US$3000/oz real from FY31 for gold and US$40/oz real for silver, although also increases near-term cost assumptions to reflect fuel supply disruption.

Production forecasts are not yet constrained, although the broker considers this a “real and increasing risk” should fuel shortages escalate.

Low-grade open pit operations, such as those of Greatland Resources, are most exposed.

Jarden balances the high-cost nature of Telfer against Havieron, which is a high-quality project although carries development risk. Underweight. Target is raised to $8.30 from $6.40.

This report was published on April 3, 2026.

Target price is $8.30 Current Price is $13.36 Difference: minus $5.06 (current price is over target).
If GGP meets the Jarden target it will return approximately minus 38% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $16.17, suggesting upside of 7.3%(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 112.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.93.

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 14.5.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 59.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.64.

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 22.2.

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, in an early review, notes preliminary production data from Greatland Resources for the March quarter signal a strong beat relative to estimates.

While it is hard to dissect at this stage the reason for the difference in production numbers relative to forecasts, the broker suspects higher head grades are the likely driver.

A cautious investment rating is retained, primarily a function of what is considered a stretched valuation.

While a positive reaction is anticipated to the report, the broker suspects the next few years have potential for more complexity than the market appreciates. Sell rating and $11.50 target.

This report was published on April 8, 2026.

Target price is $11.50 Current Price is $13.36 Difference: minus $1.86 (current price is over target).
If GGP meets the Moelis target it will return approximately minus 14% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $16.17, suggesting upside of 7.3%(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 130.59 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 10.23.

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 14.5.

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 9.45.

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 22.2.

Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

GYG    GUZMAN Y GOMEZ LIMITED

Food, Beverages & Tobacco – Overnight Price: $18.02

Jarden rates ((GYG)) as Neutral (3) –

Jarden observes there are headwinds for the quick service restaurant (QSR) sector amid rising fuel prices, increased wages and growing competition. Along with consumers looking for value these are all factors creating earnings risk this year and beyond.

The broker envisages risk from lower drive-through demand and meeting roll-out targets at Guzman y Gomez. FY26 and FY27 earnings forecasts are cut by -1%-6% and the target is lowered to $17.10 from $19.30. Neutral maintained.

This report was published on April 2, 2026.

Target price is $17.10 Current Price is $18.02 Difference: minus $0.92 (current price is over target).
If GYG meets the Jarden target it will return approximately minus 5% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $24.56, suggesting upside of 25.3%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 5.00 cents and EPS of 16.40 cents.
At the last closing share price the estimated dividend yield is 0.28%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 109.88.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 20.0, implying annual growth of 40.3%.
Current consensus DPS estimate is 12.2, implying a prospective dividend yield of 0.6%.
Current consensus EPS estimate suggests the PER is 98.0.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 24.00 cents and EPS of 34.50 cents.
At the last closing share price the estimated dividend yield is 1.33%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 52.23.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 35.6, implying annual growth of 78.0%.
Current consensus DPS estimate is 21.6, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 55.1.

Market Sentiment: 0.7
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: $0.89

Canaccord Genuity rates ((MPK)) as Speculative Buy (1) –

Canaccord Genuity maintains a Speculative Buy rating and $1.85 target for Many Peaks Minerals following further diamond drilling results at the Ouarigue prospect within the Ferke Gold Project.

Standout diamond results confirm scale and continuity of the mineralised body, with a significant intercept of 105m at 2.28g/t Au from -28m depth.

Drilling has expanded the interpreted width and confidence of the gold system, with results set to underpin a maiden resource estimate targeted for the June quarter 2026.

The broker maintains a hypothetical 2.5Moz exploration target for the broader project and views the upcoming resource estimate as a key value catalyst.

This report was published on April 2, 2026.

Target price is $1.85 Current Price is $0.89 Difference: $0.96
If MPK meets the Canaccord Genuity target it will return approximately 108% (excluding dividends, fees and charges).

All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

NST    NORTHERN STAR RESOURCES LIMITED

Gold & Silver – Overnight Price: $22.35

Jarden rates ((NST)) as Underweight (4) –

Jarden lifts its long-term gold and silver price forecasts toUS$3000/oz real from FY31 for gold and US$40/oz real for silver, although also increases near-term cost assumptions to reflect fuel supply disruption.

Production forecasts are not yet constrained, although the broker considers this a “real and increasing risk” should fuel shortages escalate.

Low-grade open pit operations, which includes those of Northern Star Resources, are most exposed.

Rating is Underweight as the broker struggles to identify a positive catalyst for Northern Star Resources. Target is raised to $22.50 from $16.60.

This report was published on April 3, 2026.

Target price is $22.50 Current Price is $22.35 Difference: $0.15
If NST meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $27.65, suggesting upside of 15.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 50.00 cents and EPS of 116.00 cents.
At the last closing share price the estimated dividend yield is 2.24%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.27.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 126.8, implying annual growth of 12.6%.
Current consensus DPS estimate is 50.0, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 18.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 50.00 cents and EPS of 146.00 cents.
At the last closing share price the estimated dividend yield is 2.24%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.31.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 202.3, implying annual growth of 59.5%.
Current consensus DPS estimate is 69.5, implying a prospective dividend yield of 2.9%.
Current consensus EPS estimate suggests the PER is 11.8.

Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

PXA    PEXA GROUP LIMITED

Real Estate – Overnight Price: $12.23

Jarden rates ((PXA)) as Downgrade to Neutral from Buy (3) –

Jarden downgrades Pexa Group to Neutral with a 12.40 target following ARNECC’s decision to shelve interoperability and IPART’s pricing methodology release.

Interoperability removal reinforces monopoly position but increases risk of aggressive price regulation. IPART proposes historical cost rolled-forward Regulatory Asset Base (RAB) excluding goodwill, suggesting possible $158m-$169m base versus $1.3bn book value.

Potential price cuts of 25%-47% under 6% WACC scenarios create a significant valuation overhang, the report highlights.

Commentary warns near-term risk remains elevated ahead of the June 2026 Draft Report.

This report was published on April 2, 2026.

Target price is $12.40 Current Price is $12.23 Difference: $0.17
If PXA meets the Jarden target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $16.47, suggesting upside of 33.4%(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 34.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 35.76.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 28.6, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 43.1.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 47.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.02.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 35.5, implying annual growth of 24.1%.
Current consensus DPS estimate is 4.5, implying a prospective dividend yield of 0.4%.
Current consensus EPS estimate suggests the PER is 34.8.

Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

RIC    RIDLEY CORPORATION LIMITED

Agriculture – Overnight Price: $2.65

Jarden rates ((RIC)) as Initiation of coverage with Overweight (2) –

Jarden initiates on Ridley with Overweight and a 3.10 target.

The core thesis focuses on capacity expansion, efficiency projects, and the turnaround of the acquired Fertiliser Distribution (IPF) business.

Forecast includes 6% EBITDA growth and 8% EPS CAGR from pro forma FY26 to FY29.

The IPF segment constitutes 45% of pro forma FY26 EBITDA with $25m targeted synergies across IT, labour, and procurement by FY27.

Bulk Stockfeeds segment anticipates continued volume growth from debottlenecking five remaining feedmills. EBITDA remains insulated from near-term Middle East conflict sourcing risks.

This report was published on April 6, 2026.

Target price is $3.10 Current Price is $2.65 Difference: $0.45
If RIC meets the Jarden target it will return approximately 17% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 11.40 cents and EPS of 15.70 cents.
At the last closing share price the estimated dividend yield is 4.30%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.88.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 13.60 cents and EPS of 22.00 cents.
At the last closing share price the estimated dividend yield is 5.13%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.05.

Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

TLX    TELIX PHARMACEUTICALS LIMITED

Pharmaceuticals & Biotech/Lifesciences – Overnight Price: $13.58

Canaccord Genuity rates ((TLX)) as Buy (1) –

Canaccord Genuity maintains a Buy rating and 28.50 price target for Telix Pharmaceuticals following a first-quarter revenue beat.

Total revenue exceeded expectations, driven by stronger Precision Medicine sales supported by higher volumes, pricing, and market share gains, the broker explains.

Commentary highlights the company’s two-product strategy as a key driver through 2026, with continued momentum expected across its core portfolio.

Full-year revenue guidance of US$950m to US$970m is unchanged, with future valuation tied to execution across the commercial assets, Canaccord highlights.

This report was published on April 7, 2026.

Target price is $28.50 Current Price is $13.58 Difference: $14.92
If TLX meets the Canaccord Genuity target it will return approximately 110% (excluding dividends, fees and charges).
Current consensus price target is $25.84, suggesting upside of 87.7%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is -3.4, 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:

Current consensus EPS estimate is 31.2, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 44.1.

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

VAU    VAULT MINERALS LIMITED

Gold & Silver – Overnight Price: $4.21

Jarden rates ((VAU)) as Neutral (3) –

Jarden lifts its long-term gold and silver price forecasts to US$3000/oz real from FY31 for gold and US$40/oz real for silver, although also increases near-term cost assumptions to reflect fuel supply disruption.

Production forecasts are not yet constrained, although the broker considers this a “real and increasing risk” should fuel shortages escalate.

Low-grade open pit operations, such as those of Vault Minerals, are most exposed.

Jarden’s enthusiasm for the stock is tempered by asset quality and production durability, as it lacks internal growth options that are prominent in the mid-tier peer group.

Neutral retained. Target is raised to $4.20 from $3.70.

This report was published on April 3, 2026.

Target price is $4.20 Current Price is $4.21 Difference: minus $0.01 (current price is over target).
If VAU meets the Jarden target it will return approximately minus 0% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $7.57, suggesting upside of 68.5%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 19.00 cents and EPS of 54.00 cents.
At the last closing share price the estimated dividend yield is 4.51%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.80.

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 3.1%.
Current consensus EPS estimate suggests the PER is 9.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 17.00 cents and EPS of 57.00 cents.
At the last closing share price the estimated dividend yield is 4.04%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.39.

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 3.6%.
Current consensus EPS estimate suggests the PER is 5.9.

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: $3.28

Canaccord Genuity rates ((WAF)) as Speculative Buy (1) –

Canaccord Genuity maintains its Speculative Buy rating on West African Resources with a $5.85 target following the release of an updated 10-year production plan for 2026-35.

The broker highlights the new plan targets an average of 530kozpa (up from 480kozpa) across the Sanbrado and Kiaka operations, with production expected to peak at 596koz in 2030.

A material increase in 2026 costs is noted, with AISC rising 30%, driven by Burkina Faso’s sliding-scale royalty regime and higher unit operating costs.

Canaccord expects production at Sanbrado to average 250k-plus ozpa with a one-year mine life extension to 2036, while group resources and reserves have grown 12% and 8% respectively.

This report was published on April 2, 2026.

Target price is $5.85 Current Price is $3.28 Difference: $2.57
If WAF meets the Canaccord Genuity target it will return approximately 78% (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 42.00 cents.
At the last closing share price the estimated dividend yield is 4.88%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 7.81.

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 5.79%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 3.49.

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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