Why AGL, Arcadium Lithium, Chalice Mining, and Nickel Industries shares are falling

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to end the week on a high. At the time of writing, the benchmark index is up 1.4% to 7,694.6 points.

Four ASX shares that have failed to follow the market’s lead are listed below. Here’s why they are falling:

AGL Energy Limited (ASX: AGL)

The AGL share price is down 3.5% to $8.23. This appears to have been driven by a broker note out of Macquarie today. Its analysts have downgraded the energy giant’s shares to a neutral rating with a reduced price target of $9.30. The broker believes that AGL’s earnings will fall through to FY 2026 unless electricity prices return to long-term averages. In addition, it notes that the anticipated surge in summer usage is not emerging.

Arcadium Lithium (ASX: LTM)

The Arcadium Lithium share price is down 3.5% to $7.26. This follows a poor night of trade for the lithium miner’s shares on Wall Street on Thursday. This latest gain means that the company’s shares have lost a third of their value since the start of 2024.

Chalice Mining Ltd (ASX: CHN)

The Chalice Mining share price is down 7.5% to a new 52-week low of 94.2 cents. This morning the mineral exploration company announced that its non-executive director, Morgan Ball, has announced his intention to resign. Mr Ball is Chalice’s longest serving non-executive director. He is resigning from the company to dedicate more time to his other roles.

Nickel Industries Ltd (ASX: NIC)

The Nickel Industries share price is down 2.5% to 76.2 cents. This has been driven by the nickel producer’s shares going ex-dividend for its unfranked final dividend of 2.5 cents per share. This will be paid to eligible shareholders later this month on 19 February.

The post Why AGL, Arcadium Lithium, Chalice Mining, and Nickel Industries shares are falling appeared first on The Motley Fool Australia.

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More reading

• Is the AGL share price a buy before its half-year results drop?
• 3 ASX All Ords shares with ex-dividend dates in the next week
• Here are the top 10 ASX 200 shares today
• This ASX 200 stock has rocketed 42% in six days. Here’s why
• Here are the top 10 ASX 200 shares today

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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. 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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