Metcash (ASX: MTS) shares fell about 9% today after releasing its first-half results during an unusual ASX trading outage. The company reported a profit after tax of $142.2 million for the six months to 31 October, almost flat compared to last year. Group EBITDA rose 2% to $367.2 million, and the interim dividend stayed the…
Treasury Wine Estates (ASX:TWE) slumped more than 6 per cent to $5.45 on Monday after announcing it will write off the entire $687.4 million in goodwill from its Americas business. The non-cash impairment pushed shares to their lowest level since August 2015, with the stock collapsing from a 52-week high of $12.02, wiping out more…
Nick Scali (ASX: NCK) has delivered one of the standout performances among ASX retailers this year, with shares climbing approximately 60% despite challenging consumer conditions. Bell Potter has now initiated coverage with a buy rating and $27.00 price target, implying 15.5% upside from the current share price of $23.38. Combined with an expected 2.7% dividend…
Sunrise Energy Metals (ASX: SRL) has surged more than 2,500 percent over the past twelve months, rocketing from around $0.21 to above $6.00 as investors pile into what could become the Western world's first major primary scandium producer. A Lockheed Martin offtake deal, US government financing interest, and a freshly completed $46 million capital raise…
Silver has finally stepped out of gold’s shadow. After decades of frustration, the metal smashed through its legendary 1980 peak, racing past US$55 per ounce. With prices soaring more than 80% this year, silver isn’t just catching attention; it’s rewriting the investment playbook. The question for ASX investors is straightforward: which silver stocks offer the…
Eclipse Metals (ASX: EPM) has surged more than 300% over the past 12 months, making it one of the ASX's standout small-cap performers. Trading around $0.019 after hitting a 52-week high of $0.039, the stock has captured investor attention following a transformational resource upgrade and the recent engagement of BGR Group, a top-tier US government…
The Reserve Bank of Australia meets this Tuesday, and anyone hoping for mortgage relief will likely be disappointed. With inflation still sitting at 3.2%, stubbornly above the RBA's 2-3% target range, economists are near-unanimous that rates will stay locked at 3.6% for the foreseeable future.
For the millions of Australians wrestling with mortgage stress, that's another…
Elevra Lithium (ASX: ELV) surged 9% today after Macquarie upgraded the stock with a $5.20 price target, representing 22% upside from current levels around $4.26. The broker's bullish view centres on Elevra holding a strategic position as one of the few significant hard rock lithium producers in North America at a time when the US…
Boss Energy (ASX: BOE) exploded 19.8% today in a single session, marking the biggest one-day gain since the uranium miner crashed 50% earlier this year. After months of being left for dead, the company delivered a September quarter producing 349,188 pounds of U₃O₈, which has traders reconsidering whether this beaten-down stock might actually survive.
What are…
The Reserve Bank of Australia meets next week, and while most expect rates to stay put, the conversation is shifting. The economy is showing cracks, retail spending is soft, housing is cooling, and unemployment is rising. That raises an interesting question: what if the RBA surprises with a November rate cut? It sounds unlikely, but…
