Evolution Mining Ltd (ASX: EVN) shares have fallen further into the red today.

At the time of writing, the ASX gold shares have fallen by over 5% to $11.30 each.

The update means Evolution Mining shares have now fallen roughly 11% this week alone, reversing any gains made through late June.

The stock is now down around 11% year to date, but still an impressive 44% higher than this time last year.

What has happened to Evolution Mining shares today?

There isn’t any price-sensitive news out of Evolution Mining today, or earlier this week, to explain the latest sell-off.

It’s likely the latest share price drop is due to broader weakness across the gold sector.

The price of gold has fallen sharply over the past month. At the time of writing, gold is trading around US$4,110 per ounce, down from around US$4,500 in June and significantly below the US$5,300 to US$5,400 range seen earlier this year.

Given that lower gold prices translate directly into lower expected revenue and cash flow for ASX gold miners like Evolution Mining, it has a direct influence on share prices.

At the same time, it’s likely that many investors are taking their profit off the table after the shares climbed higher through June.

Evolution is due to release its June-quarter production and cash-flow results in mid-July. Ahead of major operational updates, it’s not usual for some investors to sell some of their shares in anticipation of the next announcement. This is particularly the case when commodity prices are falling. 

What do brokers tip next for the ASX gold miner?

It looks like the experts are divided about the outlook for Evolution Mining shares over the next 12 months; however, the majority agree there will be some upside ahead.

Market Index data shows the majority of brokers have a hold rating on the gold stock. However, the average target price of $13.82 implies a potential 21% upside over the next 12 months.

TradingView data shows some analysts are a little more bullish. The majority (nine out of 20) of analysts have a buy or strong buy rating on Evolution Mining shares. Another eight have a hold rating on the stock, and three rate the shares as a sell or strong sell.

The average $13.66 target price also implies around a 21% upside, at the time of writing. However, the more bullish of the bunch have forecast the shares to surge another 72% up to $19.45 a piece over the next 12 months. 

The team at Morgans think recent sector weakness provides a compelling entry point for Evolution Mining shares. The broker has a buy rating and a $15 target price on the mining shares.

Macquarie also has a buy rating on the ASX gold shares and a $14 target price.

Bell Potter is also bullish on the outlook for the gold giant’s shares. The team has a buy rating and a $16.45 target price.

The post Why Are Evolution Mining shares crashing over 5% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Qube Holdings Ltd (ASX: QUB) share price is in focus today after the company announced the Supreme Court has approved the scheme of arrangement for Rubik Australia to acquire all Qube shares, and the board declared a fully franked special dividend of 34.65 cents per share.

What did Qube report?

• The Supreme Court of NSW approved Rubik Australia’s acquisition of 100% of Qube shares.
• Qube declared a fully franked special dividend of $0.3465 per ordinary share.
• Trading in Qube shares will be suspended at close today, with scheme implementation scheduled for 14 August 2026.
• Scheme consideration for shareholders is $5.20 cash per share, less the interim and special dividends.
• Key scheme dates: Special Dividend Record Date is 14 July, payment on 23 July, Scheme Record Date is 24 July, Implementation Date is 14 August 2026.

What else do investors need to know?

The court’s approval means the scheme is now legally effective and Qube has lodged the orders with ASIC. Shareholders (other than UniSuper, which will receive shares in Rubik Australia Holdings) set to receive cash for their Qube shares need to be on the register at 7:00 pm, 24 July 2026.

The total cash payment per Qube share from Rubik Australia will be reduced by the sum of both the $0.0535 interim dividend declared in February and the $0.3465 special dividend. The special dividend record date is 14 July 2026 and payment will be made on 23 July 2026.

What’s next for Qube?

Trading in Qube shares on the ASX will be suspended after today’s close. The scheme implementation remains on track for 14 August 2026, when eligible shareholders can expect payment. Any changes to the timetable will be communicated through the ASX.

This acquisition marks a significant turning point for Qube, with the board expressing confidence shareholders are being fairly compensated. Investors should keep an eye out for further updates on the transition process.

Qube share price snapshot

Over the past 12 months, Qube shares have risen 21%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

View Original Announcement

The post Qube shares: Scheme now effective and special dividend declared appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

BHP Group Ltd (ASX: BHP) shares have fallen further into the red in Wednesday morning trade.

At the time of writing, the ASX mining giant’s shares are down around 3% for the day, and are changing hands at $56.98 a piece.

The latest slump means BHP shares have now tumbled 13% from an all-time high recorded in mid-June.

Thanks to a strong rally earlier in the year, the shares are still 25% higher year to date and around 49% higher than this time last year.

What caused the latest sell-off?

Improved copper prices and overall commodity tailwinds helped BHP shares reach a new all-time high in mid-June.

But this was quickly followed by another softening in the price of both copper and iron ore, which dragged BHP shares lower. 

Copper futures are now around US$6.12 per pound, down from a high of around a $6.6 per pound in June. 

Iron ore prices have also fallen close to an annual low of around US$98 per tonne. In mid-May, the metal was trading around the US$111 per tonne mark.

Ongoing conflict in the Middle East, sustained inflation concerns, slowing steel demand, and uncertainty about China’s property sector all also weighed heavily on investor sentiment over the past month.

The question now is, what’s next for BHP shares?

Are BHP shares a buy, sell, or hold?

If broker analysis is anything to go by, the mining giant’s shares are now trading around fair value.

Market Index data shows the majority of brokers have a hold rating on BHP shares. Although the average $62.66 target price implies a potential 10% upside at the time of writing.

TradingView data shows the same sentiment. The majority of analysts (13 out of 19) have a hold rating on BHP shares. Another four rate the mining stock as a strong buy, and two rate the shares as a sell or strong sell.

The average $63.54 target price implies a potential 11% upside over the next 12 months, at the time of writing. But the range between the maximum and minimum target prices is huge. Some forecast the shares to fall around 31% to $39.19. Meanwhile, others are bullish that BHP shares could soar 64% to $93.75 over the next 12 months, at the time of writing.

Morgan Stanley is one of the more bullish brokers among the bunch. The investment bank recently reaffirmed its buy rating on BHP shares and maintained a 12-month price target of $67.50. The broker likes that BHP is exposed to surging copper demand and thinks the company’s iron ore operations are performing well.

Elsewhere, DZ Bank recently upgraded its stance on BHP shares from sell to hold. The broker has an average price target of $65 per share.

Catapult Wealth also has a buy rating on BHP shares, citing a robust balance sheet and an attractive dividend yield.

Meanwhile, Sanlam Private Wealth has a hold rating on the mining giant and flags concerns around a cost blowout and impairment at the company’s Jansen potash project and the potential for more industrial action at BHP’s Pilbara operations.

The post BHP shares slump 13% from their peak: Are the ASX mining shares a buy, sell or hold? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.