Why Pro Medicus, St Barbara, Vulcan, and Whitehaven Coal are pushing higher

The S&P/ASX 200 Index (ASX: XJO) is on form again and poised to record another solid gain. In afternoon trade, the benchmark index is up 0.55% to 6,685 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are pushing higher:

Pro Medicus Limited (ASX: PME)

The Pro Medicus share price is up 5% to $47.45. This morning the team at Goldman Sachs upgraded this health imaging technology company’s shares to a neutral rating from sell. And while the broker’s price target of $42.60 is lower than where its shares trade today, Goldman spoke very positively about the company’s future.

St Barbara Ltd (ASX: SBM)

The St Barbara share price is up 7.5% to 89.2 cents. Investors have been buying this gold miner’s shares after its strong fourth quarter performance allowed it to achieve its revised guidance for FY 2022. Total gold production came in at 86.4k ounces during the quarter, up 40% from the previous quarter. This took its full year production to 281k ounces.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan share price is up 6% to $5.78. As well as getting a boost from a rebound in the lithium industry, a positive announcement has given Vulcan’s shares a lift. Vulcan revealed that it has signed an agreement with Italian renewable energy giant Enel Green Power to explore the development of a geothermal well housing lithium in Italy.

Whitehaven Coal Ltd (ASX: WHC)

The Whitehaven Coal share price is up 7% to $5.07. Whitehaven Coal and the rest of the resources sector have been performing strongly today amid news that China is planning a huge infrastructure-focused stimulus program to boost its economy. The S&P/ASX 200 Resources index is up 1.8% this afternoon.

The post Why Pro Medicus, St Barbara, Vulcan, and Whitehaven Coal are pushing higher appeared first on The Motley Fool Australia.

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More reading

• St Barbara shares sparkle 7% brighter amid strong production update
• Vulcan Energy share price leaps 8% on Italian energy producer agreement
• Why Goldman Sachs just upgraded Pro Medicus shares
• 5 things to watch on the ASX 200 on Friday
• Becoming Australia’s biggest export failed to ignite ASX coal 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 Pro Medicus Ltd. The Motley Fool Australia has positions in and has recommended Pro Medicus Ltd. 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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