Premier Investments Ltd (ASX: PMV) looks like one of Australia’s top shares to consider, given the growth in its business yet lower valuation.

As the chart below shows, the Premier Investments share price is down by 35% since September 2025, despite a bit of recovery in recent weeks.

Premier Investments has three important contributors to its value – Peter Alexander, Smiggle and a large stake of Breville Group Ltd (ASX: BRG.

It’s true that the business faces tougher trading conditions with higher interest rates and stronger inflation, potentially affecting both customers and the company’s cost base.

But, I think the hefty decline has been overdone and seems to assume major, long-term impacts. I think this is an opportunity to invest in one of Australia’s top shares, particularly given Peter Alexander’s prospects.

Strong prospects for Peter Alexander

A few months ago, the pyjamas business reported that in the first half of FY26, it delivered sales growth of 4.9% to $312.3 million. Since the first half of FY20, the business has grown sales at a compound annual growth rate (CAGR) of 13.7%

Peter Alexander continues to invest in its retail channel, delivering good growth within its existing markets of Australia and New Zealand.

It noted that it opened four new stores in the first half of FY26, with one in Victoria and three in NSW.

The company also noted that four existing stores were relocated and/or expanded during the first half of FY26, with investment in upgraded store fitouts aiming to significantly improve the customer shopping experience. Of those four stores, three were in Victoria and one was in New Zealand.

It was noted that more than 15 additional opportunities have been identified for both new and/or larger-format stores in existing markets to better showcase the wider product offering.

I’m particularly excited by the fact that this division has established a presence in the UK, which has a large addressable market. It started with a few stores in London and could continue growing in the years ahead. The growth prospects here make it one of Australia’s top shares to consider, in my view.

It also said it’s exploring international wholesale opportunities with global, quality wholesale partners.

Smiggle is struggling at the moment, but Premier Investment is looking to reset the business and I don’t think the market is considering the fact that conditions could improve.

Finally, Breville has proven itself over the years and continues to expand geographically into markets such as China, South Korea and the Middle East. I’m glad Premier Investments still owns this holding.

Valuation and dividend yield

This looks like one of Australia’s top shares, in my opinion, and its valuation is very compelling.

Based on the FY26 projection on Commsec, the Premier Investments share price is valued at 15x FY26’s estimated earnings with a possible grossed-up dividend yield of 7.5%, including franking credits, at the time of writing. This seems far too cheap to me.

I’m excited about the long-term potential of the business, as well as a few other ASX shares that could help us outperform.

The post A rare buying opportunity in 1 of Australia’s top shares? appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Breville Group. 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 Premier Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

There have been some big returns generated in the mining sector over the next past 12 months.

But what about the next 12 months?

Well, one ASX mining stock that is being tipped by Bell Potter to rise materially is named below.

Let’s see why it could be destined to outperform the market by some distance between now and this time next year.

Which ASX mining stock?

The stock that is getting the team at Bell Potter excited is WA1 Resources Ltd (ASX: WA1).

It is a niobium explorer which owns the Luni Niobium Project in Western Australia.

Bell Potter has been pleased with recent developments and particularly the scaled-up beneficiation testwork results across four composites. It explains:

WA1 Resources has announced scaled-up beneficiation testwork results across four composites representing key Indicated Mineral Resource Estimate (MRE) zones at its 100%-owned Luni Niobium Project (Luni) in Western Australia. The testwork confirms a two-stage flotation regime can produce high-quality niobium concentrates with commercially relevant recoveries across the deposit, using raw site water. The testwork is a significant metallurgical data point and materially de-risks the beneficiation stage of the processing flowsheet.

Bell Potter was also pleased with the concentrate grades that were revealed. It adds:

The headline result is a weighted average concentrate grade of 44% Nb₂O₅ at 54% overall recovery across all four composites (open cycle, bulk float). Critically, Composite A, which incorporates material from the higher-grade portion of the resource area and that also represents the focus area for early years of mining, returned 46% Nb₂O₅ at 67% recovery, a significant uplift on prior results from this area. These results support an upward revision to our recovery assumptions and are directly feeding into the PFS, which remains on track for Q4 CY2026.

Big potential returns

According to the note, the broker has retained its speculative buy rating on the ASX mining stock with an improved price target of $27.20. Based on its current share price of $12.36, this implies potential upside of almost 120%. Bell Potter concludes:

We increase our valuation for WA1 to $27.20/sh (previously $24.40/sh) and maintain Our Speculative Buy recommendation. Our valuation for WA1 is based on a notional development scenario (NDS) for Luni discounted at 10% and risked at 30% to reflect the project’s current stage. We revise our recovery assumptions in our model upward to 54%, which sees our unrisked NPV10% increase from A$1,814m to ~A$2,021m — an ~11% uplift. Key catalysts include: PFS completion and Reserve declaration, further beneficiation optimisation of Composites B– D, downstream refining results, and strategic partner/government engagement.

The post Which ASX mining stock could rocket 100%+ after ‘breakthrough’? appeared first on The Motley Fool Australia.

More reading

• Bell Potter tips 129% upside for this ASX materials stock

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.

I’d describe Rural Funds Group (ASX: RFF) as one of the most attractive high-yield ASX dividend stocks Aussies can buy. For me, it’s more appealing than the Age Pension.

Rural Funds Group is a real estate investment trust (REIT) that owns hundreds of millions of dollars of farmland across Australia. Its farms are spread across a number of farming areas, including cattle, almonds, macadamias, vineyards and cropping.

If I were thinking about an investment in retirement, owning farmland does sound appealing. Land always has value, it can produce something extremely essential to the population (food) and long-term inflation can be a useful tailwind to rental income.

Just to clarify, Rural Funds itself isn’t a farming operator, it just leases its land to high-quality tenants.

I think it offers a number of benefits for investors.

Strong rental income credentials

Rural Funds generates excellent rental income from tenants like Olam, JBS, Select Harvests Ltd (ASX: SHV), Stone Axe, Australian Agricultural Company Ltd (ASX: AAC) and Treasury Wine Estates Ltd (ASX: TWE). These businesses are among the leading operators nationally or even internationally.

Pleasingly, most of its rental income is steadily growing, with most contracts either being linked to CPI inflation, or having fixed annual increases, plus market reviews. This steady growth can help increase distributions organically in the coming years.

Additionally, I like that the rental income comes from a variety of areas, in different states and climate conditions.

Finally, the business has a weighted average lease expiry (WALE) of approximately 13 years, giving investors clear rental stability and visibility.

Why I think it’s more appealing than the Age Pension

To get a huge amount of passive income, you’d need to buy a lot of Rural Funds shares. I think it’s important to have diversification when it comes to a dividend portfolio.

But, I’d like to own Rural Funds shares because of the huge asset backing it would provide. That asset base can also climb in value over time, which can help boost our financial position.

Rural Funds has been paying an annual distribution per unit of 11.73 cents amid the headwinds of higher interest rates. That translates into a distribution yield of 5.7%. That makes it a high-yield ASX dividend stock, in my view.  

The Age Pension currently pays a maximum of around $31,200 for a single person, which is one of the most generous in the world.

To receive that much from Rural Funds, an investor would need to own 265,985 Rural Funds shares.

Again, I wouldn’t make Rural Funds my entire portfolio, though I’d be happy with exposure to this pleasing REIT as my ‘farm’ investment because of how passive it can be.

It looks like a great time to invest because, at the time of writing, it’s trading at a discount of around 34% to its adjusted net asset value (NAV). In other words, we’re able to get exposure to these farms for a very cheap price.

However, Rural Funds is not the only ASX share I’d buy for passive income today.

The post 265,985 shares of this high-yield ASX dividend stock pays an income equal to the Age Pension appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Rural Funds Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Treasury Wine Estates. The Motley Fool Australia has positions in and has recommended Rural Funds Group and Treasury Wine Estates. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.