Latest news with #ShawandPartners
Business Insider
22-07-2025
- Business
- Business Insider
Aurelia Metals (AUMTF) Receives a Buy from Shaw and Partners
Shaw and Partners analyst Peter Kormendy maintained a Buy rating on Aurelia Metals today and set a price target of A$0.50. The company's shares closed last Tuesday at $0.13. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Kormendy is a 2-star analyst with an average return of -0.1% and a 36.46% success rate. Kormendy covers the Basic Materials sector, focusing on stocks such as AIC Mines Limited, FireFly Metals, and Lunnon Metals Limited. Aurelia Metals has an analyst consensus of Strong Buy, with a price target consensus of $0.22, implying a 70.67% upside from current levels. In a report released on July 10, MA Financial Group also maintained a Buy rating on the stock with a A$0.32 price target. Based on Aurelia Metals 's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $162.42 million and a net profit of $17.95 million. In comparison, last year the company earned a revenue of $147.29 million and had a GAAP net loss of $2.03 million
Business Insider
18-07-2025
- Business
- Business Insider
Shaw and Partners Keeps Their Hold Rating on Genesis Minerals Limited (GMD)
Shaw and Partners analyst Peter Kormendy maintained a Hold rating on Genesis Minerals Limited today and set a price target of A$4.10. The company's shares closed today at A$3.95. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Kormendy covers the Basic Materials sector, focusing on stocks such as AIC Mines Limited, FireFly Metals, and Lunnon Metals Limited. According to TipRanks, Kormendy has an average return of -1.2% and a 33.68% success rate on recommended stocks. In addition to Shaw and Partners, Genesis Minerals Limited also received a Hold from Citi's Kate McCutcheon in a report issued today. However, on the same day, UBS maintained a Buy rating on Genesis Minerals Limited (ASX: GMD). Based on Genesis Minerals Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$338.73 million and a net profit of A$59.8 million. In comparison, last year the company earned a revenue of A$215.92 million and had a net profit of A$16 million
Business Insider
18-07-2025
- Business
- Business Insider
Shaw and Partners Keeps Their Buy Rating on Boab Metals Ltd (BML)
In a report released today, Andrew Hines from Shaw and Partners maintained a Buy rating on Boab Metals Ltd, with a price target of A$0.40. The company's shares closed today at A$0.19. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Hines is an analyst with an average return of -2.7% and a 42.94% success rate. Hines covers the Basic Materials sector, focusing on stocks such as Metro Mining Limited, Boab Metals Ltd, and Boss Energy . Currently, the analyst consensus on Boab Metals Ltd is a Moderate Buy with an average price target of A$0.40.
Business Recorder
15-07-2025
- Business
- Business Recorder
Australian shares rise to record close as investors shrug off US tariff fears
Australian shares settled at a record high closing level on Tuesday, driven by gains in banks, healthcare and technology stocks, as investors shrugged off tariff worries. The S&P/ASX 200 index ended 0.7% higher at 8,630.30 points. The benchmark traded flat on Monday. Investors were unfazed by tariff concerns, having grown accustomed to U.S. President Donald Trump's unpredictable trade announcements and last-minute reversals. 'Traders now view the tariff threats as a bargaining tool and perhaps believe they'll settle at something digestible,' said Philip Pepe, senior analyst with Shaw and Partners. In Sydney, heavyweight financials led the surge with a 0.8% rise with the 'Big Four' banks rising between 0.2% and 0.7%. Citi analysts said the improving earnings outlook was boosting banks' shares, as the near-term prospects appeared more promising. 'We expect earnings to hold up this year as the impact from lower rates takes time to manifest in bank earnings,' Citi analysts wrote in a note. IT stocks rose 2.3%, having gained 2.5% earlier in the session. The sub-index mirrored its U.S. peers, with tech-heavy Nasdaq ending at a record high. Australia shares drift in tight range as tariff jitters drive safe-haven demand On the Sydney bourse, tech giant WiseTech rose 2.1%. Healthcare stocks added 2.1%, led by biotech giant CSL, which rose 3.6% to hit the highest since May 29 after it confirmed that it will trim its research and development division. Among other sectors trading in green, energy stocks rose 0.6% while consumer staples advanced 0.5%. The mining sub-index, however, fell 0.5% on profit-taking, snapping three sessions of consecutive gains. Mining giant BHP Group fell 1% while iron ore miner Rio Tinto lost 1.5%, a day ahead of its quarterly production results. New Zealand's benchmark S&P/NZX 50 index ended the day flat at 12,689.63 points.
Mint
15-07-2025
- Business
- Mint
Australian shares rise to record close as investors shrug off US tariff fears
CSL hit its highest level since May 29 July 15 - Australian shares settled at a record high closing level on Tuesday, driven by gains in banks, healthcare and technology stocks, as investors shrugged off tariff worries. The S&P/ASX 200 index ended 0.7% higher at 8,630.30 points. The benchmark traded flat on Monday. Investors were unfazed by tariff concerns, having grown accustomed to U.S. President Donald Trump's unpredictable trade announcements and last-minute reversals. "Traders now view the tariff threats as a bargaining tool and perhaps believe they'll settle at something digestible," said Philip Pepe, senior analyst with Shaw and Partners. In Sydney, heavyweight financials led the surge with a 0.8% rise with the "Big Four" banks rising between 0.2% and 0.7%. Citi analysts said the improving earnings outlook was boosting banks' shares, as the near-term prospects appeared more promising. "We expect earnings to hold up this year as the impact from lower rates takes time to manifest in bank earnings," Citi analysts wrote in a note. IT stocks rose 2.3%, having gained 2.5% earlier in the session. The sub-index mirrored its U.S. peers, with tech-heavy Nasdaq ending at a record high. On the Sydney bourse, tech giant WiseTech rose 2.1%. Healthcare stocks added 2.1%, led by biotech giant CSL, which rose 3.6% to hit the highest since May 29 after it confirmed that it will trim its research and development division. Among other sectors trading in green, energy stocks rose 0.6% while consumer staples advanced 0.5%. The mining sub-index, however, fell 0.5% on profit-taking, snapping three sessions of consecutive gains. Mining giant BHP Group fell 1% while iron ore miner Rio Tinto lost 1.5%, a day ahead of its quarterly production results. New Zealand's benchmark S&P/NZX 50 index ended the day flat at 12,689.63 points. This article was generated from an automated news agency feed without modifications to text.
