News

Australian Mining Stocks Surge to Two-Week High as Iron Ore Prices Rebound

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 …

Team Kalkine | 14 March 2025

Australian Gold Stocks Surge to Record High Amid Bullion Rally

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.

Team Kalkine | 14 March 2025

Sims Shares Climb as Morningstar Initiates Coverage of Sims, Sets Price Target at AU$15.80

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, …

Team Kalkine | 14 March 2025

Citi Raises Price Target for Northern Star Resources Amid De Grey Mining Takeover Review

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 …

Team Kalkine | 14 March 2025

Macquarie Raises South32 Price Target, Reaffirms ‘Outperform’ Rating

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 …

Team Kalkine | 14 March 2025

Premier Investments Stock Dips as Macquarie Slashes Price Target

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.

Team Kalkine | 13 March 2025

Yancoal and Inghams Plunge as Shares Trade Ex-Dividend

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.

Team Kalkine | 13 March 2025

Flight Centre Shares Slip Amid Market Pessimism, But Analysts See Value

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.

Team Kalkine | 13 March 2025

Australian Stock Market Rebounds After Three Days of Decline

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 …

Team Kalkine | 13 March 2025

Woodside Energy Hits 52-Week Low Despite Analyst Upgrades and Significant Dividend Yield

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.

Team Kalkine | 13 March 2025