The Australian share market is home to a good number of ASX dividend shares offering attractive dividend yields.

But which ones should you buy? Here’s are two that analysts rate as buys right now:

Accent Group Ltd (ASX: AX1)

The first beaten down ASX dividend share that has been named as a buy is footwear and apparel retailer Accent. The owner of retail brands such as Hype DC, The Athlete’s Foot, Glue, Platypus, and Stylerunner has seen its shares lose 32% of their value in 2022.

Bell Potter is positive on the company and has just retained its buy rating with a $2.10 price target. The broker was pleased with Accent’s trading update and has upgraded its revenue and earnings estimates for FY 2023 to reflects its strong start to the year and greater than expected store rollouts.

The broker also likes Accent due to its “exposure to a younger customer demographic in a tougher consumer spending environment.”

As for dividends, it is forecasting fully franked dividends of 10 cents per share in FY 2023 and 12.5 cents per share in FY 2024. Based on the current Accent share price of $1.68, this will mean yields of 6% and 7.4%, respectively.

Elders Ltd (ASX: ELD)

Another beaten down ASX dividend share that has been rated as a buy is Elders. This leading agribusiness company’s shares have sunk 17% year to date and 33% from their 2022-high.

The team at Goldman Sachs believes the Elders share price weakness has created a major buying opportunity. Earlier this week, the broker declared the share price decline as”unwarranted” and reiterated its conviction buy rating with a $18.40 price target.

Goldman believes that Elders “is very well positioned to grow through the cycle” thanks to drivers such as organic market share gains, margin expansion from the backward integration of Ag Chem, and bolt-on acquisitions.

In respect to dividends, the broker is forecasting dividends per share of 53 cents in FY 2023 and 57 cents in FY 2024. Based on the current Elders share price of $10.31, this implies attractive yields of 5.1% and 5.5%, respectively.

The post Analysts name 2 beaten down ASX dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy today
• Here are the top 10 ASX 200 shares today
• Why Elders, Flight Centre, Perpetual, and Telstra shares are dropping
• Why Accent, Block, Core Lithium, and Fortescue shares are pushing higher
• Why I think these ASX dividend shares can double in 7 years AND pay income along the way

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 Accent Group and Elders Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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There are plenty of blue chip ASX 200 shares to choose from on the Australian share market.

So many, it can be hard to decide which ones to buy over others.

To help narrow things down, I have picked out two that Goldman Sachs rates as buys right now. They are as follows:

Goodman Group (ASX: GMG)

The first blue chip ASX 200 share to look at is Goodman Group. It is a leading integrated commercial and industrial property company.

Goldman is very positive on the company due to its strong position in an area of the market benefiting greatly from strong demand for industrial space.

In response to its first quarter update earlier this month, the broker commented:

GMG continues to demonstrate its strong platform and positioning as evident in today’s update, supported by our expectation of a strong outlook for the Industrial sector more broadly, with a number of favourable fundamentals underpinning future long-term demand for industrial space. We expect solid rental growth as demand for high quality logistics space continues to outpace available supply.

Goldman has a buy rating and $24.20 price target on the company’s shares.

Woolworths Limited (ASX: WOW)

Another blue chip ASX 200 share that Goldman Sachs rates highly is Woolworths. It is the retail conglomerate behind businesses including Woolworths, Countdown, Everyday Rewards, and Big W.

Goldman believes its shares are trading at an attractive level after recent weakness. It recently commented:

Despite a noisy and softer 1Q23, we remain confident that WOW is the superior operator within AU supermarkets with a clear growth pathway to deliver ~3% sales and ~9% NPAT FY22-25e CAGR. WOW is trading at 22.1x FY24E P/E vs our TP implied 27.8x and historical average of 23.2x, providing a value entry point to a quality player in our view. Reiterate Buy (on CL).

Goldman Sachs has a conviction buy rating and $41.70 price target on the company’s shares.

The post Why Goldman Sachs rates these blue chip ASX 200 shares as buys appeared first on The Motley Fool Australia.

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More reading

• Thinking about buying your first ASX shares right now? Here are 3 stocks I’d invest in
• How I’d aim to generate a growing passive income from dividend shares
• 2 ASX shares that could ride out the coming volatility: experts
• Why this broker sees ‘downside risks’ to the current Woolworths share price
• Are ASX share investors getting their mojo back?

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 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 Scott Phillips.

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The prices of three ASX mining shares were on ice today.

The S&P/ASX 200 Materials Index (ASX: XMJ) is one of only three sector indices in the green, finishing 0.86% higher today. Only the S&P ASX 200 Energy Index (ASX: XEJ) closed higher, with a gain of 1.18%.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) closed today down a modest 0.27%.

Let’s cover which mining shares were in the freezer on Wednesday.

OZ Minerals Limited (ASX: OZL)

The Oz Minerals share price was halted this morning pending a potential takeover bid.

The Fool reported that Oz Minerals could be an acquisition target by BHP Group Ltd (ASX: BHP).

As my colleague James notes, Oz Minerals rejected a previous bid by BHP in August for $25 per share.

It’s now rumoured that BHP has returned to the table with a higher offer.

Shares of the company will remain on ice until 18 November or when the announcement is made, whichever comes sooner.

WA1 Resources Ltd (ASX: WA1)

WA1 Resources extended its trading halt this morning, after requesting a pause on the trading of its shares on Monday.

The resources exploration company has asked for more time to prepare two significant announcements for the market.

First, it wants to release exploration results for one of its sites in Western Australia. Once these results are posted, the company will make an announcement regarding a capital raise.

WA1 Resources expects to make this announcement and for the trading halt to lift next Monday 21 November.

Element 25 Ltd (ASX: E25)

Meanwhile, manganese miner Element 25’s shares have been frozen since Tuesday.

The mineral explorer wants to raise money to pay for its new project and to improve its existing operations. It has requested a trading halt in preparation to announce its plans to the public.

Funds will go towards its high-purity manganese Butcherbird in the southern Pilbara region of Western Australia and for other capital expenditure purposes.

The halt will last until 17 November or when Element 25 makes its capital raise announcement.

The post 3 ASX mining shares on ice today pending big news appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Why are Medibank shares lifting on Wednesday?
• Here are the 3 most traded ASX 200 shares on Wednesday
• Looking to buy BHP shares? Here’s why the miner could be in for a $2b windfall
• Despite surging 9% in a week, are BHP shares still cheap?

Motley Fool contributor Matthew Farley 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 Scott Phillips.

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Of all the ASX 200 shares on the share market, it’s probably a fair bet to say that investors in Magellan Financial Group Ltd (ASX: MFG) shares would be amongst the most unhappy today.

These investors have had to watch the Magellan share price lose almost half of its capital over 2022 alone. The Magellan share price is also down by a depressing 67% or so over the past 12 months. And the company is down a whopping 85% from the all-time highs of over $70 a share that we saw back in early 2020.

Today, the Magellan share price has closed at $10.72. That tells you all you need to know.

There are a few things that went wrong at Magellan over the past two or three years. But these can be summed up by the chronic underperformance of its funds.

Not to mention the undignified departure of its co-founder and former stock-picking star Hamish Douglass. And we can’t forget the loss of several high-profile investing mandates from institutional clients.

So it might be perhaps a bit galling for some investors in Magellan to hear that the company is seeking a pay rise for its top brass in 2022.

According to an ASX ‘chairman’s letter’ released on Monday, Magellan informed its shareholders that the company is undertaking a “board renewal program”.

Mo money, less problems for Magellan directors?

The company has called an extraordinary general meeting (EGM) for 14 December next month to seek shareholder approval for this program, mainly the price tag. Here’s what Magellan’s management had to say:

The purpose of this EGM is to seek shareholder approval to increase the maximum aggregate remuneration payable to non-executive Directors of Magellan.

This approval is an important step in the Board renewal program to ensure that Magellan can attract and retain high calibre non-executive Directors, with the right experience and skills to support Magellan’s new strategic direction, whilst providing sufficient headroom to facilitate our target Board size.

The Board recently engaged an independent adviser to provide benchmarking data on non-executive Director remuneration and was advised that the current fees paid to Magellan’s non-executive Directors are significantly below those of market peers.

Having regard to benchmarking data, as well as other factors including the additional roles and complexity of the work being undertaken by the non-executive Directors, the Board considers it is necessary to increase Director remuneration in line with market rates and feedback from the search process.

With the search for additional non-executive Directors in progress, the Board believes this approval will assist with facilitating an efficient and effective Board renewal program.

It’s not an insignificant pay rise that is being proposed either. On December 14, shareholders will vote on raising “the maximum aggregate remuneration that may be paid to all non–executive Directors in any financial year” from $750,000 to $1.75 million. That’s an extra million apiece.

No doubt some investors may find this objectionable. Considering the recent woes of the Magellan share price and all. But we shall have to wait until 14 December to see if the board can convince stakeholders to stump up the extra cash.

The post The Magellan share price has caved 50% so far this year. Are directors seriously asking for a pay rise? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 5 of the craziest things making news on the ASX this week
• Amidst the ongoing tech stock wreck, value shares are everywhere. There’s just one catch…
• Why Magellan, News Corp, REA, and Whitehaven Coal shares are dropping today
• The Magellan share price has crashed 50% in 2022. Is the company looking for a buyer?

Motley Fool contributor Sebastian Bowen 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 Scott Phillips.

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