Are you looking to add some growth shares to your portfolio?

If you are, listed below are three ASX growth shares that could be worth considering. Here’s what you need to know about them:

Allkem Ltd (ASX: AKE)

The first ASX growth share to consider is Allkem. This lithium miner is aiming to grow its production materially in the coming years. In fact, it is planning to do this in a way that allows it to maintain a 10% share of global lithium supply over the long term. This certainly bodes well for its earnings growth given how insatiable demand for lithium is driving sky high prices.

Macquarie’s analysts are bullish on Allkem and have an outperform rating and $21.00 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX growth share to consider is Aristocrat Leisure. This gaming technology company has a world class portfolio of poker machines and digital games. The company has also just entered the real money gaming market, which has been tipped to grow materially in the future. Combined, this appears to position Aristocrat perfectly for long term growth.

Morgans is a fan of the company and has an add rating and $43.00 price target on its shares.

Treasury Wine Estates Ltd (ASX: TWE)

A final ASX growth share to consider buying is Treasury Wine. This wine giant owns a number of popular brands including Penfolds, 19 Crimes, and Wolf Blass. Thanks to this high quality portfolio of wines and its premiumisation strategy, the team at Morgans believe Treasury Wine is positioned for “strong earnings growth” over the coming years.

Morgans has an add rating and $15.71 price target on its shares.

The post 3 ASX 200 shares analysts are tipping for stellar growth appeared first on The Motley Fool Australia.

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More reading

• What $10,000 in ASX lithium shares a year ago would be worth today
• Buy this ASX 200 share now while the market’s distracted: expert
• 3 dividend-paying ASX growth shares I would buy to retire rich
• 5 ASX lithium shares to buy: brokers
• Top brokers name 3 ASX shares to buy next week

Motley Fool contributor James Mickleboro has positions in Allkem Limited. 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 Treasury Wine Estates 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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S&P/ASX 200 Index (ASX: XJO) gold shares could be in for some fresh tailwinds ahead, thanks in part to a spate of recent buying action by global central banks.

The relative performance of the big gold stocks, as you’d expect, is closely aligned to the price of the metal they dig from the earth.

Should the strong central bank demand continue apace, it could offer additional support for bullion prices.

That would be good news for ASX 200 gold shares like Northern Star Resources Ltd (ASX: NST), Newcrest Mining Ltd (ASX: NCM), and Evolution Mining Ltd (ASX: EVN).

Is China behind the surge in gold purchases?

ASX 200 gold shareholders may be familiar with a recent report out from the World Gold Council. That report revealed that the third quarter of 2022 saw global central banks buying bullion at the fastest rate ever, loading up on gold worth some $20 billion.

The central banks of Turkey, Qatar, and Uzbekistan were among the biggest identified buyers.

But as Justin McQueen, senior market analyst at Capital.com, points out, not all of the big buyers are publicly known.

“There have been central banks that have not been identified that have purchased a sizeable amount of gold. Some speculate this may be, in fact, China, as per reports in the Nikkei,” McQueen said.

McQueen added that the central bank buying action provides support for the yellow metal, which by extension should help support ASX 200 gold shares.

According to McQueen:

The rationale is that China would look to reduce their exposure to the US dollar and therefore has been stockpiling on gold. Now while China’s involvement cannot be confirmed, the fact that central banks have been excessively accumulating does provide an undercurrent of support for the precious metal.

Indeed, the world’s central banks together already hold some 20% of all the gold ever mined.

While the United States wasn’t on the list of top buyers in Q3, the US remains the top country for holdings of gold by central banks, with some 8,133 tonnes in its vaults, according to Suisse Gold.

How have these ASX 200 gold shares fared this past month?

The gold price has gained 6.5% since this time last month, currently trading for US$1,756 per troy ounce.

That’s seen ASX 200 gold share Northern Star gain 27% over the month, while shares in Newcrest Mining are up 15%. Evolution Mining has led the charge higher, with the gold miner’s shares gaining a whopping 41% over the month.

For some context, the ASX 200 is up 7% over this same period.

The post What this new central bank record could mean for ASX 200 gold shares appeared first on The Motley Fool Australia.

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More reading

• Why is the Newcrest share price having such a cracker day?
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Evolution share price leaps as ASX 200 miner reports ‘outstanding’ new copper-gold find
• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Bernd Struben 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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Pilbara Minerals Ltd (ASX: PLS) shares closed in the red today, down 2.85% to $4.78 each, losing almost 11% over the past month.

However, this follows a stupendous run for the ASX lithium share. The Pilbara Minerals share price is up 72% over the past six months despite its recent pullback.

So, is this lithium share a buy? Or has it had its day for now with price weakness expected to continue?

What does top broker Macquarie think?

As my Fool colleague James reported yesterday, Macquarie recommends Pilbara as a buy with an outperform rating.

Following Pilbara Minerals’ latest digital auction, the broker has retained its outperform rating with a 12-month share price target of $7.70. This implies a potential upside of 61% for buyers today.

But earlier in the week, we also reported that Macquarie has reduced its Pilbara Minerals holdings in its model portfolios.

So, what’s going on?

Does Macquarie still like Pilbara Minerals shares?

Firstly, let us explain what a model portfolio is. Brokers publish these portfolios as a way of helping their clients keep their investments up-to-date and growing.

This saves clients the expense and inconvenience of having to check in with their brokers too often or having to ask their advice on every personal trade they want to make.

However, changes to model portfolios do not indicate an official buy, sell, or hold recommendation.

According to The Australian, Pilbara Minerals shares were among a bunch of other high-profile ASX 200 shares that were either kicked out of the model portfolios or reduced.

Among ASX mining shares, BHP Group Ltd (ASX: BHP) and South32 Ltd (ASX: S32) were kicked out and Pilbara Minerals was reduced. But it was only reduced a little bit — from the #1 spot in the ‘growth’ model portfolio to the #2 spot. Hardly a disendorsement.

So, essentially the answer to the question is, ‘yes’. Macquarie is still recommending Pilbara Minerals shares as a buy.

Why did Macquarie reduce Pilbara shares in its model portfolio?

Macquarie’s Matthew Brooks explained that the changes to the model portfolios were made to “reduce exposure to earnings risks, while still trying to minimise exposure to highly valued stocks”.

And therein might lie two clues to Macquarie’s slightly reduced model holding in Pilbara Minerals shares.

Firstly, “earnings risks”.

Every commodity-linked ASX share has a degree of earnings risk when commodity prices are unusually high. And for the record, international lithium prices are sky-high. The price of lithium carbonate, for example, is up 200% year over year.

When commodity prices are historically high, miners make a fortune, and sometimes more money than they’ve ever made before. Case in point: The maiden profit reported by Pilbara for FY22 after 17 years of operations.

Secondly, “highly-valued stocks”.

The Pilbara Minerals share price has never traded this high in the 12 years it’s been listed on the ASX.

And even though Macquarie thinks it can go to $7.70 by this time next year, they could also be wrong.

The post Is Macquarie still recommending Pilbara Minerals shares as a buy? appeared first on The Motley Fool Australia.

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More reading

• What $10,000 in ASX lithium shares a year ago would be worth today
• 5 ASX 200 shares Macquarie just recommended its clients buy
• If I’d invested $20,000 in BHP shares at the start of 2022, here’s how much I’d have now
• How I’d aim for $1,000 in monthly income by buying ASX 200 dividend shares
• Experts name 2 ASX 200 dividend shares to buy

Motley Fool contributor Bronwyn Allen has positions in BHP Billiton Limited and Macquarie Group Limited. 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 Macquarie Group 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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The Lendlease Group (ASX: LLC) share price has not had a fantastic 2022. Nor has the S&P/ASX 200 Index (ASX: XJO), of which Lendlease is a part of, to be fair. But while the ASX 200 has gone backwards by around 4.5% over the year to date, Lendlease shares have dropped by a far more depressing 28.9%.

This ASX 200 property development company has had a tough year, to be sure. Back in August, Lendlease reported that it had booked a statutory loss after tax of $99 million for FY2022, a big turnaround from the profit of $222 million from FY 2021.

Core operating profits after tax also fell heavily, dropping 27% to $276 million. Lendlese also trimmed its dividend, giving investors a final dividend of 11 cents per share instead of the 12 cents that investors enjoyed last year.

So it probably goes without saying that Lendlease investors are in the mood for some good news. Well, they might have it this week.

Directors back up the truck on Lendlease shares

A series of ASX releases put out yesterday show that not one, not two or three, but five Lendlease directors have been buying up shares in their own company.

We have Elizabeth Proust, who picked up 10,000 Lendlease shares for a price of $7.92 each on 21 November.

David Craig went even heavier, buying 32,939 shares for $7.93 each on 21 November.

Philip Coffey bought a similar amount, 30,000 shares, also for around $7.93 each.

Anthony Lombardo went even harder. He has added 45,000 at $7.85 a share.

Michael Ullmer takes the cake, though.  He picked up 50,000 shares for $7.926 each on 21 November.

Lombardo and Ullmer are Lendlease’s most senior directors. Lombardo is the company’s global CEO and managing executive director. Ullmer is Lendlease’s chair.

So no doubt shareholders will be buoyed by seeing such commitment to the company coming from the top. But we’ll have to wait and see if the directors have played this one right.

At the current Lendlease share price, this ASX 200 property share has a market capitalisation of $5.47 billion, with a dividend yield of 2.07%.

The post This ASX 200 share is down 29% in 2022, and 5 directors are buying up big this week appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Why Bravura, Domino’s, Lendlease, and Woolworths shares are sinking
• Bell Potter names 9 ‘champion’ ASX 200 shares to buy for the next five years
• Which ASX 200 shares could benefit from the federal budget?

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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