Latest news with #GenesisMinerals
Sky News AU
3 days ago
- Business
- Sky News AU
ASX 200 surges on trade war hopes as IDP Education plunges 40+ per cent after voicing international student concerns
The ASX 200 is up on Tuesday after a late recovery in the US on hopes Donald Trump will speak with Chinese President Xi Jinping this week to simmer trade tensions. Gold miners are soaring with Genesis Minerals up 6.7 per cent, Westgold Resources jumping 4.6 per cent and Newmont Corporation rising 4.4 per cent in the first 40 minutes of trading. The index is up 0.7 per cent after going backwards on Monday despite massive surges with Brickworks and Soul Patts after inking a $14b merger. IDP Education has plummeted more than 40 per cent after the company revealed it expects earnings to halve from global uncertainty around the intake of international students. "Continued uncertainty has impacted IDP student enrolment pipeline size and conversion rates in the important May and June pipeline build given the timing of the fall intake in the UK, Canada and the US, as well as the second semester intake in Australia," the company told shareholders. Wall Street surged late on Monday after the White House suggested it was looking to set up a phone call between Trump and Xi Jinping this week. White House press secretary Karoline Leavitt informed reporters of this on Monday, making her the third top Trump aide to forecast an imminent call between the two leaders to iron out differences on last month's tariff agreement in Geneva, among larger trade issues. It was not immediately clear when the two leaders will speak. US treasury secretary Scott Bessent told CBS' "Face the Nation" on Sunday that Trump and Xi would speak "very soon" to iron out trade issues including a dispute over critical minerals and China's restrictions on exports of certain minerals. The Dow Jones rose 0.1 per cent, the S&P 500 finished up 0.4 per cent and the Nasdaq jumped 0.7 per cent on Monday. London's FTSE 250 Index finished flat, Germany's DAX Index sank 0.3 per cent and the STOXX Europe 600 shed 0.1 per cent on Monday. New Zealand's is flat since opening on Tuesday, while Japan's Nikkei 225 is up 0.2 per cent and South Korea's KOSPI 200 is flat. -With Reuters
Yahoo
27-05-2025
- Business
- Yahoo
Genesis Minerals Limited's (ASX:GMD) high institutional ownership speaks for itself as stock continues to impress, up 14% over last week
Significantly high institutional ownership implies Genesis Minerals' stock price is sensitive to their trading actions 51% of the business is held by the top 8 shareholders Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Every investor in Genesis Minerals Limited (ASX:GMD) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 70% to be precise, is institutions. Put another way, the group faces the maximum upside potential (or downside risk). And last week, institutional investors ended up benefitting the most after the company hit AU$5.0b in market cap. The gains from last week would have further boosted the one-year return to shareholders which currently stand at 139%. In the chart below, we zoom in on the different ownership groups of Genesis Minerals. Check out our latest analysis for Genesis Minerals Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Genesis Minerals already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Genesis Minerals' earnings history below. Of course, the future is what really matters. Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. We note that hedge funds don't have a meaningful investment in Genesis Minerals. Our data shows that Australian Super Pty Ltd is the largest shareholder with 18% of shares outstanding. State Street Global Advisors, Inc. is the second largest shareholder owning 6.9% of common stock, and Van Eck Associates Corporation holds about 6.8% of the company stock. In addition, we found that Raleigh Finlayson, the CEO has 2.3% of the shares allocated to their name. We did some more digging and found that 8 of the top shareholders account for roughly 51% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. We can see that insiders own shares in Genesis Minerals Limited. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around AU$192m worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently. The general public-- including retail investors -- own 22% stake in the company, and hence can't easily be ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. Our data indicates that Private Companies hold 3.5%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. I always like to check for a history of revenue growth. You can too, by accessing this free chart of historic revenue and earnings in this detailed graph. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
News.com.au
26-05-2025
- Business
- News.com.au
Resources Top 5: It's all about uranium today on the ASX … excellent
Uranium stocks surge on the ASX as Donald Trump pumps up nuclear sector with executive orders Focus Minerals sells Laverton assets to Genesis Minerals in $250m cash deal Verity and Infini lift on no news Your standout resources stocks on Monday, May 26, 2025. Uranium stocks Something a little different for Resources Top 5 today, because the whole uranium market is moving in lockstep after Donald Trump unloaded four major executive orders to stir the sector to life. We're counting this for two. It's the latest in a host of wins for nuclear power in the States, as the Republican administration picks its winners and losers in the energy space. Nuclear received a carve-out preserving the production tax credits delivered to clear energy generators in the Inflation Reduction Act, a Biden-era bill intended to spur major renewables and EV investments largely junked in a House of Reps vote last Thursday. A catalogue of four EOs have been signed by Trump to "reestablish the United States as the global leader in nuclear energy". One calls on the Secretary of Energy Chris Wright to develop a plan to expand domestic uranium conversion capacity – the US is currently heavily reliant on Russia for this, a dangerous game indeed – another wants to speed up the time to test reactors and have them safely operational at department facilities within two years from application. A fourth calls for privately funded advanced reactors to be stationed at DoE sites for the purpose of powering AI infrastructure, other critical or national security needs, supply chain items or on-site infrastructure. Its goal is to operate an 'advanced nuclear reactor at the first site no later than 30 months from the date of (the) order.' The third EO, critical for the uranium sector, includes calls to grow nuclear energy capacity in the USA from 100GW in 2024 to 400GW in 2050, by lowering "regulatory and cost barriers to entry", as well as promoting the extension of the current fleet and reactivation of closed or partly closed facilities. We'll let Canaccord analysts led by Katie Lachapelle break down what this means for US stocks. "Key takeaways include: Headline goal of quadrupling the US nuclear fleet from ~100GW (of) capacity today to 400GW by 2050 – implies an additional ~150Mlb of annual U3O8 demand and a CAGR of 6% out to 2050 (for the US alone). Targeting first new reactor deployment before Trump leaves office in early 2029, including "5 GW of power uprates to existing nuclear reactors and 10 new large reactors with complete designs under construction by 2030.' Red tape removed – Nuclear Regulatory Commission (NRC) now has 18-months to decide on new reactor licences; a process that currently can take at least five years. Uranium spot prices have staged a comeback since mid April, lifting from two-year lows of US$63/lb to ~US$70.5/lb. But yellowcake companies on the ASX were walking on air like Ralph Hinkley. As of 12.45pm AEST today, miners Paladin Energy (ASX:PDN) and Boss Energy (ASX:BOE) were up 13% and 10% respectively. Deep Yellow (ASX:DYL), Lotus Resources (ASX:LOT) and Bannerman Energy (ASX:BMN) rose ~15%, ~12% and ~8% for the advanced developer crowd. African U stocks Elevate Uranium (ASX:EL8) and Aura Energy (ASX:AEE) lifted 8.2% and 7.7% respectively, while enrichment play Silex Systems (ASX:SLX) and Canadian developer NexGen Energy (ASX:NXG) were close to 6% up. American uranium explorer and resource holder GTI Energy (ASX:GTR), which sits in the key domestic producing state of Wyoming, was up 25% on higher than normal volume. Focus Minerals (ASX:FML) Speaking of walking on air, howsabout Focus Minerals – the stock with the ticker code that's summed up its past 13 years of existence. China's Shandong Gold piled into the company in 2012, taking a 49% stake in the Aussie gold junior for a hearty $229m. It was money poorly spent. The gold price tanked in early 2013 and within months it had shut all three mines it was operating and sacked 200 people. While other companies responded to successive gold booms by reopening shuttered operations and feasting on record prices, Focus has been a slow-moving beast, sitting on the sidelines until it restarted the Coolgardie gold project in 2023. But $120m capped Focus – Shandong now holds around 63% – has had a handy boost today, inking a $250m deal that will see Raleigh Finlayson's Genesis Minerals (ASX:GMD) take its Laverton gold project off its hands. Genesis gets ~4Moz of gold in and around its Laverton mill in WA's Northern Goldfields. Critically, it means the company will be able to fill the mill in future with its own ore sources and process the bulky Tower Hill deposit closer to home at an expanded Gwalia plant. The 1.5Mtpa Barnicoat mill also seems to head Genesis' way, whether it keeps the plant or its worthwhile trading on remains to be seen. Cash is king and that's the key for Focus. The company sold a modest 5376.6oz of gold in the March quarter, losing $7.2m from its operations. FML is also thinning out capital to ramp up the Bonnie Vale underground mine at Coolgardie, finishing the March term with $20.7m in the bank against $186.86m of liabilities. The $250m payment will get the company into a net cash position right away and avoid further outlay to develop Laverton itself. 'We are extremely pleased with the outcome achieved in the sale of Laverton and believe the consideration payable represents compelling value to our shareholders," Focus exec chair Wanghong Yang said. "Proceeds from the sale of Laverton will strengthen the financial position of the Company as it continues with development at the Bonnie Vale Underground Mine and open pit mining operations at the Coolgardie Gold Project.' FML shares were up ~90% at 2.45pm AEST, while Genesis also lifted a tidy 3% to crest above a $5bn market cap. Infini Resources (ASX:I88) (Up on no news) Infini Resources gets its own entry after lifting a presumptuous ~30%, seemingly off the back of the same nuclear Trump news that has the rest of the uranium sector crowing. The latest update from this minuscule small cap – MC circa $6m – saw a bit of senior leadership arrive to the party in the form of new CEO Rohan Bone. "We are delighted to welcome Rohan as CEO of Infini Resources," exec director David Pevcic said of Bone. "His depth of experience and demonstrated success in delivering complex mining projects makes him the ideal candidate to lead Infini as we implement our strategy to transition from exploration to development. "The Board looks forward to working closely with Rohan to unlock the full value of our portfolio and deliver long-term shareholder value.' A former Alcoa, Tata Steel and Thyssenkrupp executive, the aim is to progress uranium and lithium assets the company boasts across Canada and WA. Those include the Portland Creek uranium project in Newfoundland and the Reynolds and Boulding Lake projects in Saskatchewan. XRF readings of drill hits at Portland Creek have shown some promise and sits near the large but low grade Des Herbiers deposit, which holds an inferred resource of 162Mt at 123ppm U3O8 for 43.95Mlb. Equally up inexplicably, the former Si6 Metals, Verity Resources surged 25% on Monday. Its latest news came from the 154,000oz Monument gold project near Laverton in WA, which may hold a clue. It sits very much in the neighbourhood of Genesis' Mt Morgans operation and investors are probably wondering how much its gold could be worth to Finlayson and new exec director David Coutts after the Focus deal. Aircore drilling commenced this month at Monument, where VRL is following up gold anomalism ranging up to 6.17g/t from the Star Well prospect, and the Triton prospect. It's in an analogous position to the Fred's Well prospect, which previously hit 24m at 3.24g/t from 44m including 12m at 6.35g/t. With gold prices flying, a review and validation studies of the 154,000oz across the Korong and Waihi mineral resources is ongoing, with resource drilling expected to take place in June. The plan is to both upscale and improve the confidence level of the project's resource. At Stockhead, we tell it like it is. While Elevate Uranium, Aura Energy and GTI Energy are Stockhead advertisers, they did not sponsor this article.
AU Financial Review
26-05-2025
- Business
- AU Financial Review
WA gold rock star extends buying spree with $250m mine
Gold mining rock star Raleigh Finlayson has consolidated his dominance over Western Australia's Leonora district by inking a $250 million buyout of a China-backed mine. The all-cash buyout of Focus Minerals' Laverton Gold project is Genesis Minerals boss Finlayson's latest deal in the region as the precious metal's record price spurs takeovers across the sector.
Sky News AU
16-05-2025
- Business
- Sky News AU
ASX 200 surges 0.6 per cent on Friday, adding tens of billions into investors' portfolios on high rate cut hopes
The ASX 200 is on a tear on Friday as investors are buoyed by recent economic data from the US and Australia, pushing the market on its eight-day surge. The index is up 0.6 per cent on hopes the central banks in the US and Australia will cut rates at their next respective meetings, adding almost $20b into the portfolios of traders. Qantas is up three per cent on Friday as it climbs back over $10 again, while Genesis Minerals has jumped 4.9 per cent and Regis Resources has risen 4.2 per cent. Commonwealth Bank of Australia, the ASX's largest company, is up 1.4 per cent while biotechnology company CSL has jumped 4.6 per cent. The surge comes after a mixed bag on Wall Street following US economic data revealing prices paid to producers unexpectedly fell by the most in five years, while April retail sales showed weak consumer demand, pointing to a rate cut at the Federal Reserve's next meeting. It also comes as markets give an 89 per cent chance to a cut in Australia when the Reserve Bank of Australia meets next week despite the Australian Bureau of Statistics on Thursday revealing unemployment continues to sit near historic lows. The tech-heavy Nasdaq dropped 0.2 per cent while the S&P 500 rose 0.4 per cent and the Dow Jones finished up 0.7 per cent on Thursday. Sky News' Business Editor Ross Greenwood said the jump comes as Australian stocks make a "really strong recovery" following Donald Trump's tariff announcements. "After all the Trump tariff stuff caused a big washout in our market, you've got most of it back right now," Greenwood said. London's FTSE 250 rose 0.1 per cent, Germany's DAX jumped 0.7 per cent and the EURO STOXX 50 increase 0.2 per cent. New Zealand's NZX 50 Index is down half a per cent since opening on Friday after rising almost 0.8 per cent on Thursday. Japan's Nikkei 225 has dropped 0.3 per cent on Friday, while South Korea's KOSPI 200 Index is up 0.5 per cent.
