Day: March 1, 2022

2 ASX growth shares analysts say have 40%+ upside

Surge in ASX share price represented by happy woman pointing to her big smile

Surge in ASX share price represented by happy woman pointing to her big smileSurge in ASX share price represented by happy woman pointing to her big smile

If you’re a fan of growth shares, then you may want to look closely at the two shares listed below.

Here’s why these growth shares have been rated as buys:

Adore Beauty Group Limited (ASX: ABY)

The first ASX growth share to look at in March is Adore Beauty. It is Australia’s number one pureplay online beauty retailer. Last month it released its half year results and revealed record revenue and customer numbers. In respect to the former, Adore Beauty delivered an 18% increase in revenue to $113.1 million. This is still only a small portion of the $11 billion Australian beauty and personal care market, which is in the early stages of its shift online. This gives the company an extremely long growth runway.

UBS is a positive on the company and currently has a buy rating and $4.70 price target on its shares. This suggests potential upside of greater than 100% from current levels.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Another growth share to look at is Domino’s. It is one of the world’s largest pizza chain operators with stores across the ANZ, Asia-Pacific, and European regions. Its shares have been sold off heavily this year amid concerns over the performance of its Asian operations and the potential impact of food inflation on margins. While this is disappointing, it may have created a buying opportunity for patient long term focused investors. Particularly with management aiming to double its store network over the next decade and also expand its addressable market with acquisitions.

Morgans appears to see the recent share price weakness as a buying opportunity. It recently upgraded Domino’s shares to an add rating with a $115.00 price target. This suggests potential upside of 44% from the current Domino’s share price of ~$79.72.

The post 2 ASX growth shares analysts say have 40%+ upside appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Adore Beauty Group Limited. The Motley Fool Australia has recommended Adore Beauty Group Limited and Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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3 ASX mining shares breaking new 52-week highs today

Rocket powering up and symbolising a rising share price.

Rocket powering up and symbolising a rising share price.Rocket powering up and symbolising a rising share price.

A number of ASX mining shares are reaching new 52-week highs. The three in this article saw 12-month highs today.

Commodity prices have broadly risen over the past two years, with some prices doing particularly well.

Resource businesses rely on the commodity price to make attractive profits. It typically costs a business the same amount to extract a resource whether a price is a bit higher or lower. If a commodity price jumps higher, that can mean it largely adds to profit (aside from paying extra money to the government).

These three ASX mining shares just hit 52-weeks highs:

Coronado Global Resources Inc (ASX: CRN)

Coronado was one of the miners to hit a new high. It ended the day at $1.70.

Over the last year the Coronado Global Resources share price has risen by 71%.

This business is one of the world’s largest producers of metallurgical coal.

It recently reported its FY21 result for the 12 months to 31 December 2021, which showed a 46.9% increase of revenue to $2.15 billion and a 184% rise of ‘net income’ (net profit) to $189.4 million.

Management noted the prospect of prolonger higher coal prices, as demand for steel continues to rise and outstrip supply in the short-term.

Capricorn Metals Ltd (ASX: CMM)

During the day’s trade, the Capricorn Metals share price reached $3.83.

Over the past year, Capricorn Metals shares have risen by 159%.

What does Capricorn do? It’s a business that operates in the gold sector with two project areas – the Karlawinda Gold Project and the Mt Gibson Gold Project.

Gold prices have risen amid the conflict between Russia and Ukraine.

The ASX mining share recently revealed its quarterly update for the three months to December 2021. That update showed quarterly gold production of 30,316 ounces, with guidance of between 110,000 ounces to 120,000 ounces for FY22. Its cashflow was $40.1 million for the quarter.

Mincor Resources (ASX: MCR)

The Mincor Resources share price spiked to $2.06 earlier today, hitting a 52-week high.

Over the last year the Mincor share price has climbed 91%.

Mincor Resources says that it’s focused on re-establishing sustainable, high-grade nickel production in the Kambalda district of Western Australia.

During the ASX mining share’s recent half-year, it noted that the first nickel was extracted from two development headings at its northern operations, recruited key operational staff and it also included the issue of the formal ‘start notice’ to BHP Group Ltd’s (ASX: BHP) Nickel West, which indicated the company’s intention to supply the first ore for processing.

The post 3 ASX mining shares breaking new 52-week highs today appeared first on The Motley Fool Australia.

Should you invest $1,000 in BHP right now?

Before you consider BHP, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BHP wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Neometals (ASX:NMT) share price surges 10% amid dual listing

Five people in an office high five each other.Five people in an office high five each other.Five people in an office high five each other.

The Neometals Ltd (ASX: NMT) share price soared today amid the company listing on the London Stock Exchange.

The company’s shares closed at $1.47 on the ASX today, a 9.7% gain. In contrast, the S&P/ASX 200 Index (ASX: XJO) gained 0.67% today.

Let’s take a look at what is happening at the company.

New London listing

The Neometals share price rocketed on Tuesday. This came after the company informed investors it has started trading on the Alternative Investment Market (AIM) of the London Stock Exchange. AIM is London’s market for small and medium growth companies.

The sustainable and advanced materials project developer will continue to trade on the ASX. The UK listing is aimed at taking advantage of “substantial” UK and European investor interest in Neometals. The share listing did not involve a capital raise.

Neometals Ltd (LON: NMT) is trading at 72.94 pence on the London Stock Exchange. The share price surged 4.2% on its first day of trading in the UK.

Neometals chief executive officer Chris Reed said the company is delighted to commence trading on AIM. He added.

With this listing, we look forward to broadening our shareholder base by offering a differentiated investment opportunity and provide UK and European investors with a way to gain exposure to projects at the heart of recycling and decarbonising supply chains associated with the electric vehicle and energy storage sectors.

With a number of our core projects moving towards final investment decisions during 2022, we have an exciting year, full of value transformative events ahead of us and we look forward to updating shareholders on progress in due course.

In late January, Neometals provided an update on the December quarter. The company ended the quarter with $72.8 million of cash and no debt.

Neometals share price

The Neometals share price has exploded 362% in the past year, while it is up 3% this year to date.

For perspective, the benchmark ASX 200 has returned about 4.52% over the past year. In the past month, Neometals shares have gained 12%, while in the past week they have jumped nearly 13%.

Neometals has a market capitalisation of about $806 million.

The post Neometals (ASX:NMT) share price surges 10% amid dual listing appeared first on The Motley Fool Australia.

Should you invest $1,000 in Neometals right now?

Before you consider Neometals, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Neometals wasn’t one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

More reading

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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3 excellent ETFs for ASX investors to look at in March

ETF with different images around it on top of a tablet.

ETF with different images around it on top of a tablet.ETF with different images around it on top of a tablet.

If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be worth considering.

Rather than deciding on which individual shares you should put your money into, ETFs allow you to invest in a large group of shares through just a single investment.

With that in mind, here are three ETFs that are popular with investors right now:

ETFS Battery Tech & Lithium ETF (ASX: ACDC)

The first ETF to look at is the ETFS Battery Tech & Lithium ETF. It provides investors with exposure to providers of electrochemical storage technology and mining companies that produce metals used for the manufacturing of battery-grade lithium batteries. With the outlook for battery materials and lithium prices becoming increasingly positive due to growing demand and tight supply, the companies included in the fund appear well-placed for growth in the coming years. This includes AMG Advanced Metallurgical Group, Lockheed Martin, and Pilbara Minerals Ltd (ASX: PLS).

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another ETF for investors to look at is the VanEck Vectors Morningstar Wide Moat ETF. This ETF aims to provide investors with an easy way to invest in the type of shares that legendary investor Warren Buffett buys. These are companies with sustainable competitive advantages or moats. The ETF currently contains almost 50 attractively priced companies with sustainable competitive advantages. These include the likes of Alphabet (Google), Altria, Boeing, Coca Cola, Kellogg Co, and Walt Disney.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF for ASX investors to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors exposure to the biggest players in a global video game market estimated to comprise 2.7 billion active gamers. Among the companies included in the fund are AMD, Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. VanEck believes these companies are well-placed to benefit from the increasing popularity of video games and eSports.

The post 3 excellent ETFs for ASX investors to look at in March appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

More reading

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF and VanEck Vectors Morningstar Wide Moat ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/rSyjCKD