Australian Broker Call *Extra* Edition – Jun 25, 2026

This story features ALPHA HPA LIMITED, and other companies.
For more info SHARE ANALYSIS: A4N
The company is included in 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)

A4N   AMP   BM1   BNZ   BXB   CNI   EHL   EOS   EQT   EXR   FWD   GG8   GHM   HUB   ILU   INR   IOD   IPX   LIC   LRK   MPK   MTS   NWL   PNI   RWC   SYL   TCG   TOR   TRE   WA1  

A4N    ALPHA HPA LIMITED

Aluminium, Bauxite & Alumina – Overnight Price: $0.73

Canaccord Genuity rates ((A4N)) as Speculative Buy (1) –

Canaccord Genuity maintains a Speculative Buy rating for Alpha HPA with its target price maintained at $1.20 following a product marketing update.

Cumulative non-binding Letters of Intent for the Gladstone-based HPA First Project pass a key 10,000 tonnes per annum threshold to stand at more than 12,000 tonnes.

The analyst notes passing this volume milestone satisfies an important condition precedent to unlock an up-to-$400m joint debt facility from government lenders.

Refreshed internal asset modeling points to addressable end-user demand exceeding 50,000 tonnes per annum by 2030 across high-bandwidth memory chips and advanced packaging segments.

Commentary concludes structural exploration upside remains well supported by accelerating commercial engagement within high-growth semiconductor thermal fillers, equipment tooling, and lithium-ion battery sectors.

This report was published on June 18, 2026.

Target price is $1.20 Current Price is $0.73 Difference: $0.47
If A4N meets the Canaccord Genuity target it will return approximately 64% (excluding dividends, fees and charges).
Current consensus price target is $1.15, suggesting upside of 62.0%(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 minus 1.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 42.94.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -4.9, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 365.00.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -4.0, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.

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

AMP    AMP LIMITED

Wealth Management & Investments – Overnight Price: $1.60

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

Jarden retains an Overweight rating for AMP with its target price raised to $1.65 following sustained platform flow momentum and product innovation gains.

The underlying wealth management operations demonstrate resilience, the broker comments, with growing confidence surrounding the superannuation exposure trajectory.

The report notes administration fee compression is more than offset by cash margin contributions and structural operating leverage across enterprise platforms.

Flow incubation into digital and enterprise platforms continues to benefit from investment menu breadth and advisory support integrations.

Further value optionality could be unlocked should the banking division undergo a structural review or separation, the report concludes.

This report was published on June 23, 2026.

Target price is $1.65 Current Price is $1.60 Difference: $0.045
If AMP meets the Jarden target it will return approximately 3% (excluding dividends, fees and charges).
Current consensus price target is $1.79, suggesting upside of 11.8%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 6.50 cents and EPS of 9.20 cents.
At the last closing share price the estimated dividend yield is 4.05%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.45.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 11.7, implying annual growth of 122.4%.
Current consensus DPS estimate is 4.0, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 13.7.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 7.50 cents and EPS of 10.80 cents.
At the last closing share price the estimated dividend yield is 4.67%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.86.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 12.8, implying annual growth of 9.4%.
Current consensus DPS estimate is 4.0, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 12.5.

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

BM1    BALLARD MINING LIMITED

Gold & Silver – Overnight Price: $0.68

Canaccord Genuity rates ((BM1)) as Speculative Buy (1) –

Canaccord Genuity maintains a Speculative Buy rating for Ballard Mining with a $2.00 target price following “excellent” extensional drilling results at the Baldock deposit within the flagship Mt Ida Gold Project.

Recent step-out drilling successfully extended high-grade mineralisation up to 300m below the current resource envelope and 200m along strike to confirm system continuity.

The analyst highlights a geological reinterpretation identifying a possible 1.5km southern extension, reinforcing the view of a much larger camp-scale mineralised system.

Six active drill rigs currently target near-resource expansions and regional district-scale exploration opportunities ahead of a definitive feasibility study due later this year.

Commentary suggests incremental resource additions look poised to strengthen project confidence and directly underpin a standalone development model.

This report was published on June 22, 2026.

Target price is $2.00 Current Price is $0.68 Difference: $1.32
If BM1 meets the Canaccord Genuity target it will return approximately 194% (excluding dividends, fees and charges).

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

BNZ    BENZ MINING CORP.

Gold & Silver – Overnight Price: $2.63

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

Canaccord Genuity maintains a Speculative Buy rating for Benz Mining with its target price maintained at $3.15 following initial metallurgical testwork results from the Icon prospect.

Detailed laboratory-scale testing confirms free-milling characteristics across multiple lithological domains, establishing the gold mineralisation is highly amenable to conventional cyanide leach processing circuits.

The analyst highlights strong recoveries achieved across broad grade brackets, including a favourable 89% extraction average from lower-grade halo zones to convert marginal material into economically recoverable ore.

Positive metallurgical responses from surrounding halo volumes indicate potential to expand future mill feed inventories and systematically reduce open-pit strip ratios, commentary highlights.

Active field drilling operations are ramping up to 12 reverse circulation shifts alongside diamond drilling to test scale potential across an 18-20km mineralised corridor.

This report was published on June 18, 2026.

Target price is $3.15 Current Price is $2.63 Difference: $0.52
If BNZ meets the Canaccord Genuity target it will return approximately 20% (excluding dividends, fees and charges).

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

BXB    BRAMBLES LIMITED

Transportation & Logistics – Overnight Price: $19.07

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

Jarden maintains an Overweight rating for Brambles with a $23.50 target price following the release of the latest monthly industrial pallets tracker metrics.

Domestic softwood lumber input costs reaccelerated by 4.8% in May, running ahead of firm wood pallet pricing growth of 3.4% to turn the monthly operating spread negative for the first time since August 2025.

Macroeconomic headwinds continue to build across the broader freight distribution chain as on-road diesel outlays surged by 59.7% over the month.

The analyst highlights food and beverage retailer inventory growth decelerating to 2.5% in April, slipping back below its long-run 10-year average baseline of 3.0%.

Management revised its full-year revenue growth guidance to a range of 2% to 3% following a strategic -US$60m supply chain operational efficiency investment across North American networks.

This report was published on June 23, 2026.

Target price is $23.50 Current Price is $19.07 Difference: $4.43
If BXB meets the Jarden target it will return approximately 23% (excluding dividends, fees and charges).
Current consensus price target is $21.23, suggesting upside of 9.5%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 42.60 cents and EPS of 99.06 cents.
At the last closing share price the estimated dividend yield is 2.23%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.25.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 98.1, implying annual growth of N/A.
Current consensus DPS estimate is 60.6, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 19.8.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 63.97 cents and EPS of 107.16 cents.
At the last closing share price the estimated dividend yield is 3.35%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.80.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 108.2, implying annual growth of 10.3%.
Current consensus DPS estimate is 64.8, implying a prospective dividend yield of 3.3%.
Current consensus EPS estimate suggests the PER is 17.9.

This company reports in USD. 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

CNI    CENTURIA CAPITAL GROUP

Diversified Financials – Overnight Price: $2.00

Moelis rates ((CNI)) as Downgrade to Hold from Buy (3) –

Moelis downgrades Centuria Capital to a Hold rating with its target price reduced to $2.18 from $2.23 following a $292m equity raise to fund data centre expansion and additional real estate investment opportunities.

The capital raising increases shares on issue by 18% and is expected to create near-term EPS dilution, although it provides funding capacity to accelerate Centuria’s data centre rollout strategy and seed new property funds.

The analyst notes the medium-term data centre opportunity could be significant, with a potential 23MW rollout and more than 200MW of identified pipeline capacity, though timing, funding structure and economics remain uncertain.

Forecast EPS has been revised to 13.6c, 13.7c and 14.6c for FY26, FY27 and FY28 respectively, while DPS forecasts remain unchanged at 10.4c, 10.6c and 10.8c.

The analyst expects the equity raise to initially weigh on earnings but sees potential upside if Centuria successfully executes its data centre strategy and continues growing funds under management.

This report was published on June 23, 2026.

Target price is $2.18 Current Price is $2.00 Difference: $0.18
If CNI meets the Moelis target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $2.00, suggesting downside of -0.8%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Moelis forecasts a full year FY26 dividend of 10.40 cents and EPS of 13.60 cents.
At the last closing share price the estimated dividend yield is 5.20%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.71.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 13.7, implying annual growth of 38.0%.
Current consensus DPS estimate is 10.3, implying a prospective dividend yield of 5.1%.
Current consensus EPS estimate suggests the PER is 14.7.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 10.60 cents and EPS of 13.70 cents.
At the last closing share price the estimated dividend yield is 5.30%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.60.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 14.0, implying annual growth of 2.2%.
Current consensus DPS estimate is 11.0, implying a prospective dividend yield of 5.4%.
Current consensus EPS estimate suggests the PER is 14.4.

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

EHL    EMECO HOLDINGS LIMITED

Mining Sector Contracting – Overnight Price: $0.99

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

Canaccord Genuity maintains a Buy rating for Emeco Holdings with its target price decreased to $1.40 following a near-term trading update disappointing on baseline utilisation metrics.

Adverse weather events in Queensland surface operations alongside regional logistics backlogs delayed core fleet deployment windows during the half.

The analyst notes strong balance sheet positioning contained by low net leverage of 0.4x underpins significant flexibility to execute on a capital-light acquisition strategy.

Management expects normalised asset utilisation rates to climb up to 90% in surface sectors, setting up a solid structural pathway to capture improved long-term earnings upside.

The report concludes Emeco Holdings currently trades at an attractive valuation discount to its listed benchmark industry peers.

This report was published on June 19, 2026.

Target price is $1.40 Current Price is $0.99 Difference: $0.405
If EHL meets the Canaccord Genuity target it will return approximately 41% (excluding dividends, fees and charges).

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

EOS    ELECTRO OPTIC SYSTEMS HOLDINGS LIMITED

Military & Defence – Overnight Price: $9.75

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

Canaccord Genuity maintains a Buy rating for Electro Optic Systems with its target price increased to $14.20 following a US$124m counter-drone Slinger follow-on order from the United Arab Emirates.

Commentary points out executing a conditional 50/50 joint venture alongside defense technology company Gen5 systematically expands the medium-term order book to a record $900m backlog corridor.

The analyst notes the strategic partnership accelerates high-energy laser weapon development up to 200-300kW, effectively underwriting future entries into global ballistic missile defense segments.

Planned industrial production schedules remain supported by an initial US$40m capital injection alongside potential downstream procurement orders valued at a minimum US$290m.

Revenue assumptions are revised upwards by 0%, 3%, and 5% across 2026, 2027, and 2028 respectively to mirror expanding structural growth trends.

This report was published on June 19, 2026.

Target price is $14.20 Current Price is $9.75 Difference: $4.45
If EOS meets the Canaccord Genuity target it will return approximately 46% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 15.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 64.14.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 4.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 243.75.

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

EQT    EQT HOLDINGS LIMITED

Diversified Financials – Overnight Price: $16.00

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

Canaccord Genuity maintains a Buy rating for EQT Holdings with its target price decreased to $22.05 following an announced strategic intention to wind down or divest Superannuation Trustee Services (STS).

Completing this corporate exit will require up to $36m of debt repayment previously committed under operational risk financial requirements, driving a -$13m goodwill impairment charge.

The analyst notes elevated litigation costs defending the Shield and First Guardian regulatory proceedings will persist through FY27-FY28, resulting in -3% to -6% downgrades to pro-forma profit before tax forecasts.

Near-term liquidity remains constrained with second-half net cash flows tracking near zero, forcing the board to review flexible funding options regarding pending dividend declarations.

Structural balance sheet stabilisation is expected to recover gradually late this year, through a planned $5m cash injection via the concluding Hub24 ((HUB)) transaction.

This report was published on June 24, 2026.

Target price is $22.05 Current Price is $16.00 Difference: $6.05
If EQT meets the Canaccord Genuity target it will return approximately 38% (excluding dividends, fees and charges).

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

EXR    ELIXIR ENERGY LIMITED

NatGas – Overnight Price: $0.12

Canaccord Genuity rates ((EXR)) as Initiation of coverage with Speculative Buy (1) –

Canaccord Genuity initiates coverage of Elixir Energy with a Speculative Buy rating and a $0.25 price target to reflect exploration progress within the Taroom Trough.

The company holds a 550,000 acre position in this liquids-rich, overpressured tight gas play located in close proximity to the Wallumbilla Gas Hub.

The analyst highlights the Lorelle-3H horizontal well as a key value driver, noting high-quality reservoir parameters capable of meeting or exceeding flow rates observed at adjacent commercial wells.

Exploration upside is supported by geological comparisons to Canada’s Montney basin, combined with strong political backing from the Queensland government to accelerate appraisal and commercial development activities.

SOTP valuation modeling utilises a 10% WACC discount rate to single-well type curve economics extrapolated across the net acreage portfolio.

This report was published on June 24, 2026.

Target price is $0.25 Current Price is $0.12 Difference: $0.125
If EXR meets the Canaccord Genuity target it will return approximately 100% (excluding dividends, fees and charges).

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

FWD    FLEETWOOD LIMITED

Infra & Property Developers – Overnight Price: $1.58

Moelis rates ((FWD)) as Buy (1) –

Moelis maintains a Buy rating on Fleetwood with its $2.20 target price following the company’s streamlined focus on Community Solutions and Building Solutions after exiting the RV business and closing the underperforming Smithfield manufacturing facility.

FY26-FY28 EPS estimates have been revised by negative -2%, and positive 46% and 10% respectively to 27.4c, 24.6c and 16.9c, with FY26 impacted by a delayed return to profitability in Building Solutions while FY27 benefits from higher contracted occupancy and improved operating assumptions.

Community Solutions remains the key earnings contributor, with 1H27 contracted occupancy at 98% and FY27 occupancy forecast at 71%, supported by potential conversion of the Searipple Rio contract extension.

Restructuring costs are expected at -$12m-$14m in FY26 for Smithfield and -$8m-$10m for the RV exit, while annualised cost savings of $8m-$9m are expected from Q2 FY27 onwards.

The analyst views the balance sheet as strong with forecast June-end cash of $45m and sees the removal of recent business detractors as supportive of the investment outlook.

This report was published on June 23, 2026.

Target price is $2.20 Current Price is $1.58 Difference: $0.62
If FWD 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 9.50 cents and EPS of 27.40 cents.
At the last closing share price the estimated dividend yield is 6.01%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.77.

Forecast for FY27:

Moelis forecasts a full year FY27 dividend of 24.60 cents and EPS of 24.60 cents.
At the last closing share price the estimated dividend yield is 15.57%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 6.42.

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

GG8    GORILLA GOLD MINES LIMITED

Gold & Silver – Overnight Price: $0.32

Canaccord Genuity rates ((GG8)) as Speculative Buy (1) –

Canaccord Genuity maintains a Speculative Buy rating for Gorilla Gold Mines with a $1.00 target price following “excellent” infill and extensional drilling results at the Comet Vale Project.

Active drilling programs across the flagship Sovereign deposit continue to deliver consistent high-grade intercepts, commentary points out, extending known mineralisation both within and beyond the current resource footprint.

The analyst highlights positive scout drilling outcomes from the nearby Lady Margaret prospect, revealing potential to establish a brand-new shallow gold resource centre.

Exploration workflows across the broader North Kalgoorlie Hub remain “aggressive” with four operating rigs currently targeting rapid resource definition and pipeline expansions.

Proximity to existing infrastructure and granted mining licences looks poised to support updated geological modeling parameters later this year, the report concludes.

This report was published on June 23, 2026.

Target price is $1.00 Current Price is $0.32 Difference: $0.685
If GG8 meets the Canaccord Genuity target it will return approximately 217% (excluding dividends, fees and charges).

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

GHM    GOLDEN HORSE MINERALS LIMITED

Gold & Silver – Overnight Price: $0.41

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

Canaccord Genuity maintains a Speculative Buy rating for Golden Horse Minerals with a $1.50 target price following an exploration update at the flagship Hopes Hill prospect within the Southern Cross Gold Project.

Ongoing reverse circulation and diamond drilling campaigns demonstrate consistent shallow high-grade mineralisation alongside significant depth extensions beneath the historic open pit.

The analyst notes deep diamond drilling marks a key step change in geological understanding, revealing lode thickening and improving grades to point toward a larger underground system.

These latest results continue to de-risk dual development potential for near-surface open pit extraction and deeper underground development ahead of a maiden resource definition late this year.

Sustained exploration targeting steeply dipping structures look poised to unlock a broader district-scale opportunity to define more than 2Moz over time across the expanded landholding.

This report was published on June 22, 2026.

Target price is $1.50 Current Price is $0.41 Difference: $1.095
If GHM meets the Canaccord Genuity target it will return approximately 270% (excluding dividends, fees and charges).

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

HUB    HUB24 LIMITED

Wealth Management & Investments – Overnight Price: $74.09

Jarden rates ((HUB)) as Buy (1) –

Jarden maintains a Buy rating for Hub24 with its target price set at $110.40.

Sector benchmarking analysis indicates platform clients are price inelastic, the broker suggests, with flow drivers centering on functionality, managed account capability, and ecosystem integration rather than headline fees.

Operating leverage alongside a mix shift toward managed accounts more than offsets modest revenue margin easing, supporting EBITDA margin expansion across the sector.

The analyst notes Hub24 continues to lead net flow rankings, growing at three times the system rate while maintaining premium fee structures.

Reinvestment into platform innovation and heightened regulatory compliance governs the near-term cost outlook rather than competitive fee pressure, the report concludes.

This report was published on June 23, 2026.

Target price is $110.40 Current Price is $74.09 Difference: $36.31
If HUB meets the Jarden target it will return approximately 49% (excluding dividends, fees and charges).
Current consensus price target is $103.57, suggesting upside of 38.9%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 36.00 cents and EPS of 82.90 cents.
At the last closing share price the estimated dividend yield is 0.49%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 89.37.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 160.7, implying annual growth of 63.7%.
Current consensus DPS estimate is 77.6, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 46.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 73.80 cents and EPS of 162.50 cents.
At the last closing share price the estimated dividend yield is 1.00%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 45.59.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 187.7, implying annual growth of 16.8%.
Current consensus DPS estimate is 93.2, implying a prospective dividend yield of 1.2%.
Current consensus EPS estimate suggests the PER is 39.7.

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

ILU    ILUKA RESOURCES LIMITED

Mineral Sands – Overnight Price: $7.59

Canaccord Genuity rates ((ILU)) as Upgrade to Buy from Hold (1) –

Canaccord Genuity upgrades its rating for Iluka Resources to Buy with its target price increased to $8.45 following a milestone maiden magnet rare earth oxide supply agreement at Eneabba.

The binding multi-year take-or-pay arrangement secures an unnamed automotive major to purchase 90% of a 1,200 tonnes output block starting in 2028, establishing structural ex-China market pricing floors.

The analyst notes a -11% share price retraction post-announcement likely reflects localised market misread complexities surrounding intermediate production volume guidance boundaries.

Sovereign execution risk drops significantly after the Australian government satisfied all conditions precedent to clear a $400m second tranche loan drawdown.

Upgraded forward models integrate higher rare earth oxide pricing premiums, driving significant long-dated EBITDA expansions across 2027 and 2028.

This report was published on June 24, 2026.

Target price is $8.45 Current Price is $7.59 Difference: $0.86
If ILU meets the Canaccord Genuity target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $7.55, suggesting upside of 2.9%(ex-dividends)
The company’s fiscal year ends in December.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 7.00 cents and EPS of minus 22.00 cents.
At the last closing share price the estimated dividend yield is 0.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 34.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -18.8, implying annual growth of N/A.
Current consensus DPS estimate is 7.1, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is N/A.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 8.00 cents and EPS of 2.00 cents.
At the last closing share price the estimated dividend yield is 1.05%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 379.50.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is -0.7, implying annual growth of N/A.
Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is N/A.

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

INR    IONEER LIMITED

New Battery Elements – Overnight Price: $0.15

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

Canaccord Genuity maintains a Speculative Buy rating for ioneer with a $0.50 price target following strategic non-binding Letters of Intent signed with South Korean groups.

The newly formed partnership alongside Korea Overseas Infrastructure and Urban Development Corporation and Hyundai Engineering Co Ltd aims to finalise a formal memorandum of understanding by July 2026.

The analyst notes the collaborative involvement of well-capitalized Korean state-backed players significantly de-risks development pathways for the construction-ready Rhyolite Ridge Lithium-Boron Project in Nevada.

Ongoing advanced engineering works stand 70% complete, with a final investment decision targeted during the second half of 2026, ahead of scheduled commercial chemical production in 2029.

Canaccord Genuity adds secured long-term product offtake arrangements with international players like Ford and Toyota bolster strategic corporate funding options to cover a remaining US$670m development capital gap.

This report was published on June 23, 2026.

Target price is $0.50 Current Price is $0.15 Difference: $0.345
If INR meets the Canaccord Genuity target it will return approximately 223% (excluding dividends, fees and charges).

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

IOD    IODM LIMITED

Cloud services – Overnight Price: $0.12

Shaw and Partners rates ((IOD)) as Buy (1) –

Shaw and Partners reiterates its Buy rating for IODM with its target price maintained at $0.29 following an expansion of the TransferMate partnership into the UK and Europe.

This agreement, effective immediately, scales the distribution opportunity across the company’s primary growth region and reinforces the strategic value of the Connect platform, the broker comments.

The expanded arrangement utilises the same commercial terms as the original July 2025 contract, confirming resilient revenue-sharing economics and strong pricing power despite broader software sector pressures.

The analyst notes the partnership pace signals growing mutual confidence, with this being the second significant expansion in less than a year following the US agreement announced in April 2026.

This report was published on June 24, 2026.

Target price is $0.29 Current Price is $0.12 Difference: $0.17
If IOD meets the Shaw and Partners target it will return approximately 142% (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 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 40.00.

Forecast for FY27:

Shaw and Partners 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

IPX    IPERIONX LIMITED

Industrial Metals – Overnight Price: $4.23

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

Canaccord Genuity maintains a Speculative Buy rating for IperionX with its target price increased to $9.20 following a structural risk de-escalation across core downstream manufacturing lines.

Continuous round-the-clock operations at the Virginia industrial campus target an initial titanium powder production milestone of 200tpa by end-2026 before expanding up to 1,400tpa by late 2027.

The analyst notes shifting near-term focus toward higher-value manufactured components like aerospace brackets and robotics parts carries potential to secure excellent long-term operating margins of up to 80%.

Parallel development parameters stand optimised by a newly finalised definitive study on the Titan Critical Minerals Project in Tennessee to secure standalone upstream feedstock supply integration optionality.

Strategic regional positioning is further reinforced by the neighboring Camden mining asset consolidation to lower aggregate pre-strip mining outlays and overall commercial execution risk.

This report was published on June 24, 2026.

Target price is $9.20 Current Price is $4.23 Difference: $4.97
If IPX meets the Canaccord Genuity target it will return approximately 117% (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 16.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 26.44.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 3.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 141.00.

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

LIC    LIFESTYLE COMMUNITIES LIMITED

Aged Care & Seniors – Overnight Price: $5.07

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

Canaccord Genuity maintains a Buy rating for Lifestyle Communities with its target price decreased to $5.80 following a solid trading update highlighting inventory reduction initiatives.

Accelerated sales momentum has successfully driven the net leverage position down to $278m, dropping from a previous level of $460.5m.

The analyst notes a localised market-matching pricing strategy compressed second-half development margins down to a lower range of 8.5% to 9.5%.

Near-term downward earnings revisions reflect these trimmed development margin targets despite steady home settlement volume updates.

Building strong sales traction while achieving aggressive balance sheet deleveraging continues to underpin intermediate investment value across the challenging Victorian property market, commentary concludes.

This report was published on June 19, 2026.

Target price is $5.80 Current Price is $5.07 Difference: $0.73
If LIC meets the Canaccord Genuity target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $5.49, suggesting upside of 8.0%(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 18.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 28.17.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 18.0, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 28.2.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 21.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 24.14.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 24.8, implying annual growth of 37.8%.
Current consensus DPS estimate is 4.8, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 20.5.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

LRK    LARK DISTILLING CO. LIMITED

Food, Beverages & Tobacco – Overnight Price: $0.88

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

Canaccord Genuity retains a Speculative Buy rating for Lark Distilling Co with its target price unchanged at $1.29 following a corporate strategy update.

The broker reports the premium beverage provider detailed specific organisational value levers alongside positive early sell-through indicators across restaged brand portfolios.

It is noted expanding global travel retail networks and targeted international export corridors remain primary evaluation catalysts to unlock long-term optionality.

Upgraded packaging configurations featuring 700ml bottles effectively address historical domestic purchasing barriers while optimising overall consumer value perceptions, the broker posits.

The conclusion drawn is scaled distribution footprints across major Asian markets remain well positioned to capture high double-digit near-term net revenue growth.

This report was published on June 19, 2026.

Target price is $1.29 Current Price is $0.88 Difference: $0.41
If LRK meets the Canaccord Genuity target it will return approximately 47% (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 6.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 14.19.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 5.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 16.92.

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

MPK    MANY PEAKS MINERALS LIMITED

Gold & Silver – Overnight Price: $0.80

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

Canaccord Genuity maintains a Speculative Buy rating for Many Peaks Minerals with a $1.90 target price following broad gold drilling results from the Ferke Gold Project.

Ongoing diamond drilling campaigns across 11 recent holes successfully extended the known northern boundaries of mineralisation within the primary Ouarigue deposit.

The analyst notes these shallow, broad intercepts reinforce strong structural continuity across core volcanic intrusions and adjacent shear-hosted domains.

Rapid step-out reverse circulation drilling workflows continue to test regional strike expansions to enlarge the existing 1.3Moz gold resource asset baseline.

Delineating these shallow mineralised halos under surface cover looks poised to optimise stripping ratios ahead of an updated comprehensive geological calculation late this year, the report concludes.

This report was published on June 19, 2026.

Target price is $1.90 Current Price is $0.80 Difference: $1.1
If MPK meets the Canaccord Genuity target it will return approximately 137% (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

MTS    METCASH LIMITED

Food, Beverages & Tobacco – Overnight Price: $3.04

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

Jarden maintains an Overweight rating for Metcash with its target price decreased to $3.70 following a “clean” full-year corporate result matching pre-announced operational numbers.

The analyst notes independent supermarket foot traffic engagement levels face temporary pressures from cost-of-living macro constraints and major chain grocery competitions.

Improving top-line sales momentum across specialised independent liquor banner networks looks poised to stabilise intermediate group operating profit profiles, commentary suggests.

Jarden adds planned retail store acquisitions and expanded digital delivery logistics options look well positioned to diversify longer-term wholesale revenue streams.

This report was published on June 22, 2026.

Target price is $3.70 Current Price is $3.04 Difference: $0.66
If MTS meets the Jarden target it will return approximately 22% (excluding dividends, fees and charges).
Current consensus price target is $3.22, suggesting upside of 5.6%(ex-dividends)
The company’s fiscal year ends in April.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 18.00 cents and EPS of 23.80 cents.
At the last closing share price the estimated dividend yield is 5.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.77.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 24.2, implying annual growth of -4.7%.
Current consensus DPS estimate is 17.5, implying a prospective dividend yield of 5.7%.
Current consensus EPS estimate suggests the PER is 12.6.

Forecast for FY28:

Jarden forecasts a full year FY28 dividend of 18.00 cents and EPS of 25.30 cents.
At the last closing share price the estimated dividend yield is 5.92%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.02.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 26.3, implying annual growth of 8.7%.
Current consensus DPS estimate is 17.9, implying a prospective dividend yield of 5.9%.
Current consensus EPS estimate suggests the PER is 11.6.

Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources

NWL    NETWEALTH GROUP LIMITED

Wealth Management & Investments – Overnight Price: $20.29

Jarden rates ((NWL)) as Neutral (3) –

Jarden maintains a Neutral rating for Netwealth Group with a $25.70 target price following a review of the platform sector landscape.

The analyst notes platform clients remain relatively price inelastic, as net flow drivers rely on functionality, managed account capability, and ecosystem integration rather than headline administration fee levels.

The thesis expressed is that competitive dynamics continue to favour scaled incumbents successfully absorbing regulatory compliance and innovation costs through sustained operating leverage.

Platform margins benefit from a mix shift toward managed accounts, helping to offset yield compression.

Investment menu breadth remains a key proxy for platform quality, with Netwealth Group Limited screening as a scaled leader within the wealth administration sector.

This report was published on June 23, 2026.

Target price is $25.70 Current Price is $20.29 Difference: $5.41
If NWL meets the Jarden target it will return approximately 27% (excluding dividends, fees and charges).
Current consensus price target is $28.41, suggesting upside of 40.4%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 43.50 cents and EPS of 53.80 cents.
At the last closing share price the estimated dividend yield is 2.14%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 37.71.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 44.9, implying annual growth of -5.7%.
Current consensus DPS estimate is 43.5, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 45.1.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 47.20 cents and EPS of 58.00 cents.
At the last closing share price the estimated dividend yield is 2.33%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 34.98.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 61.2, implying annual growth of 36.3%.
Current consensus DPS estimate is 49.9, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 33.1.

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

PNI    PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED

Wealth Management & Investments – Overnight Price: $16.89

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

Canaccord Genuity maintains a Buy rating for Pinnacle Investment Management with a $24.53 price target ahead of an anticipated strategic expansion into multi-asset SMAs.

Executive hiring initiatives alongside the recent appointment of a high-profile industry chief investment officer suggest to the broker the product launch rollout leveraging PAM technology could accelerate in FY27.

The analyst notes entering the retail-focused SMA market enables the monetisation of an expanding $200bn industry segment growing at 20% annually to secure a highly accretive margin revenue stream.

Commentary suggests potential structural conflicts regarding vertical integration can be managed by targeting smaller advice practices to capture portfolio share from established mass-market providers.

Canaccord adds distribution support for the start-up wholesale platform FinCap further underpins expanding long-term commercial optionality across private asset management channels.

This report was published on June 24, 2026.

Target price is $24.53 Current Price is $16.89 Difference: $7.64
If PNI meets the Canaccord Genuity target it will return approximately 45% (excluding dividends, fees and charges).
Current consensus price target is $22.17, suggesting upside of 31.2%(ex-dividends)

Forecast for FY26:

Current consensus EPS estimate is 67.1, implying annual growth of 6.2%.
Current consensus DPS estimate is 61.3, implying a prospective dividend yield of 3.6%.
Current consensus EPS estimate suggests the PER is 25.2.

Forecast for FY27:

Current consensus EPS estimate is 86.8, implying annual growth of 29.4%.
Current consensus DPS estimate is 77.7, implying a prospective dividend yield of 4.6%.
Current consensus EPS estimate suggests the PER is 19.5.

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

RWC    RELIANCE WORLDWIDE CORP. LIMITED

Building Products & Services – Overnight Price: $3.72

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

Jarden maintains an Overweight rating for Reliance Worldwide with its target price increased to $4.10 following an announced operational exit from Australian brass manufacturing activities.

Closing down volume-declining Melbourne facilities shifts core SharkBite Max production lines to Alabama while accelerating lower-cost third-party Asian sourcing alternatives.

An annualised group EBITDA benefit of US$9m is forecast from FY27, partially offset by a one-off non-cash consolidation charge of -US$100-110m booked in FY26.

The analyst notes reduced intercompany pipeline revenue streams create a temporary localised margin drag across regional Asia-Pacific business divisions.

Ongoing share buyback execution alongside an organic product growth trajectory continues to underpin an “exceptionally” attractive free cash flow yield baseline, the broker concludes.

This report was published on June 23, 2026.

Target price is $4.10 Current Price is $3.72 Difference: $0.38
If RWC meets the Jarden target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $3.97, suggesting upside of 2.2%(ex-dividends)
The company’s fiscal year ends in June.

Forecast for FY26:

Jarden forecasts a full year FY26 dividend of 5.90 cents and EPS of 23.00 cents.
At the last closing share price the estimated dividend yield is 1.58%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 16.18.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 23.6, implying annual growth of N/A.
Current consensus DPS estimate is 5.9, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 16.4.

Forecast for FY27:

Jarden forecasts a full year FY27 dividend of 8.40 cents and EPS of 30.51 cents.
At the last closing share price the estimated dividend yield is 2.26%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.19.

How do these forecasts compare to market consensus projections?

Current consensus EPS estimate is 30.1, implying annual growth of 27.5%.
Current consensus DPS estimate is 7.6, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 12.9.

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

SYL    SYMAL GROUP LIMITED

Industrial Sector Contractors & Engineers – Overnight Price: $3.01

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

Canaccord Genuity maintains a Buy rating for Symal Group with its target price increased to $3.70 following the strategic acquisition of Queensland-based contractor Shamrock Civil.

Maximum transaction consideration of $79m adds a highly credentialed defense civil operator and a proven 20-year gas services platform in the Surat Basin to expand regional footprint outside Victoria.

The analyst notes access to the group balance sheet and bonding capacity provides a clear operational pathway to secure larger, complex project opportunities across an expanding infrastructure pipeline.

Forward models integrate three quarters of contribution in FY27, lifting FY27 and FY28 revenue estimates by 13% and 17% respectively.

The report highlights the stock continues to trade at a -30% valuation discount to its listed industry peers despite delivering a superior three-year forward compound EBITDA growth rate of 20%.

This report was published on June 18, 2026.

Target price is $3.70 Current Price is $3.01 Difference: $0.69
If SYL meets the Canaccord Genuity target it will return approximately 23% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 EPS of 20.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 14.83.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 EPS of 23.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.70.

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

TCG    TURACO GOLD LIMITED

Gold & Silver – Overnight Price: $0.49

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

Canaccord Genuity maintains a Speculative Buy rating for Turaco Gold with its target price increased to $1.80 following a comprehensive field visit to the flagship Afema Gold Project in Cote d’Ivoire.

The newly released preliminary feasibility study outlines a robust 6.0Mtpa open-pit operation split between a 4.0Mtpa conventional carbon-in-leach circuit and a 2.0Mtpa sulphide flotation plant.

Delineating a maiden Ore Reserve of 1.9Moz, the life-of-mine production profile is front-loaded to average 215kozpa during the initial seven years of commercial extraction.

The analyst notes upfront development complexity drops significantly due to low infrastructure intensity and minimal local dwelling resettlement requirements inside an existing mining lease boundary.

Canaccord suggests extensive near-mine geophysics and regional drilling look poised to drive substantial mineral resource growth beyond the current 4.65Moz baseline over the coming twelve months.

This report was published on June 24, 2026.

Target price is $1.80 Current Price is $0.49 Difference: $1.31
If TCG meets the Canaccord Genuity target it will return approximately 267% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.

Forecast for FY26:

Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 2.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 24.50.

Forecast for FY27:

Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 1.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 49.00.

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

TOR    TORQUE METALS LIMITED

Gold & Silver – Overnight Price: $0.28

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

Canaccord Genuity maintains a Speculative Buy rating for Torque Metals with a $0.55 price target following high-grade infill and extensional drilling results at the Paris Gold Project.

Commentary points out recent shallow and deep drilling workflows successfully expanded the high-grade Paris Lower 2 zone beyond the current resource footprint.

The analyst highlights multiple intersections encountering stacked mineralised domains rather than isolated hits, enhancing overall geological continuity and structural confidence.

Several key intersections occur outside previously modeled down-hole electromagnetic plates, indicating the multi-lode gold system remains wide open at depth.

An updated resource estimation integrating 18 months of intensive drilling remains on track for release over the coming weeks to target an interim 500koz milestone.

This report was published on June 22, 2026.

Target price is $0.55 Current Price is $0.28 Difference: $0.27
If TOR meets the Canaccord Genuity target it will return approximately 96% (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

TRE    TOUBANI RESOURCES LIMITED REGISTERED

Gold & Silver – Overnight Price: $0.38

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

Canaccord Genuity maintains a Speculative Buy rating for Toubani Resources with a $1.85 target price as coverage formally transfers to a new internal lead mining analyst.

High-grade infill and extensional diamond assay results from the advanced Kobada gold project in Southern Mali successfully delineate numerous shallow, wide intercepts to support an updated mineral resource statement scheduled for the upcoming quarter.

The analyst notes current ore reserve metrics are based on a highly conservative historical metal dashboard model, indicating excellent capacity to expand planned ten-year production horizons.

Immediate pre-wet season civil construction workflows look well on track, backed by US$164m in secured non-equity funding instruments and a sound cash balance.

Attributable free cash flow generation over the first twelve months of full mining operations is projected to match the developer’s entire current equity market capitalisation.

This report was published on June 23, 2026.

Target price is $1.85 Current Price is $0.38 Difference: $1.475
If TRE meets the Canaccord Genuity target it will return approximately 393% (excluding dividends, fees and charges).

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

WA1    WA1 RESOURCES LIMITED

Industrial Metals – Overnight Price: $12.39

Canaccord Genuity rates ((WA1)) as Buy (1) –

Canaccord Genuity maintains a Speculative Buy rating for WA1 Resources with its target price increased to $34.00 following positive beneficiation testwork results at the Luni deposit.

Extensive metallurgical sampling across four key zones confirms a standard two-stage flotation process reliably yields industry-comparable niobium concentrates averaging 44% concentrate grades.

The analyst highlights an excellent 67% recovery outperformance within the premier high-grade Zone A corridor, substantially de-risking prospective near-term mining economics.

Baseline financial parameters have been updated to reflect an increased average project recovery rate of 56% across the initial 10 years of operations.

Flow sheet optimisation and product refining studies continue to scale ahead of a scheduled preliminary feasibility study delivery in the final quarter of 2026.

This report was published on June 22, 2026.

Target price is $34.00 Current Price is $12.39 Difference: $21.61
If WA1 meets the Canaccord Genuity target it will return approximately 174% (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

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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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