Australian mining stocks surged on Friday, with the mining sub-index climbing 2% to 5,354.3 points — its highest level since 7 March 2025. This marks the index’s strongest gain since 6 March, driven by a rebound in iron ore prices amid sustained near-term demand …
Australian gold stocks surged 3.3% on Friday to reach a record high of 10,504.7 points, propelled by soaring bullion prices. The sub-index earlier climbed 3.7%, marking its biggest intraday gain since 11 February 2025, as investors sought refuge in gold amid economic uncertainty.
Shares of Sims Ltd (ASX:SGM), the world’s largest publicly traded metals and electronics recycler, climbed 1.3% to AU$13.98 after Morningstar initiated coverage on the company. The investment research firm assigned Sims a three-star rating out of five and set a price target of AU$15.80, …
Citi analysts have raised the price target for Australian gold miner Northern Star Resources (ASX:NST) to AU$18, up from AU$17.90, following an independent expert review of De Grey Mining’s (ASX:DEG) valuation. De Grey, a takeover target for Northern Star, was valued between AU$4 billion …
Macquarie analysts have raised their price target for Australian diversified miner South32 (ASX:S32) by 2%, from AU$4.41 to AU$4.50, while maintaining an “outperform” rating. The brokerage reiterated its preference for South32 among Australian miners, highlighting the company’s advantage of not being exposed to the …
Shares of Premier Investments (ASX:PMV) slipped 1.1% to AU$21.08 on Thursday after analysts at Macquarie lowered their price target on the stock by 25.5% to AU$21.61, citing earnings concerns following the company's apparel business divestment.
Shares of Yancoal Australia Ltd (ASX:YAL) and Inghams Group Ltd (ASX:ING) tumbled sharply on Thursday as both companies traded ex-dividend, making them the two biggest losers on the S&P/ASX 200 Index.
Shares of Flight Centre Travel Group (ASX:FLT) closed down 0.6% on Thursday, reversing earlier gains of 1.5%. The stock has fallen 17.6% year-to-date, reflecting ongoing investor concerns over travel demand amid global economic uncertainty.
The Australian stock market edged higher on Thursday, recovering some ground after three consecutive sessions of losses. The S&P/ASX 200 Index gained 22.10 points, or 0.28%, to 7,808.30, after touching a high of 7,816.30 earlier in the day. The broader All Ordinaries Index also …
Woodside Energy Group Ltd (NYSE:WDS) hit a new 52-week low on Monday, with shares falling to $14.26 during trading before closing slightly higher at $14.25. This marks a notable drop from the previous close of $14.43, with over 769,000 shares exchanging hands.