Author: openjargon

Temple & Webster Group Ltd (ASX: TPW) shares have been among the biggest fallers on the ASX 300 this year.

At the time of writing, the online furniture retailer is trading at $5.77, down 67% since this time last year.

That kind of decline usually tells you one thing. Expectations were high, and reality did not quite keep up.

But don’t think the story is broken. I think it has simply reset.

A large market with a long runway

What stands out to me is how early the ASX 300 share still is in its growth journey.

Temple & Webster is operating in an addressable market of more than $40 billion across furniture, homewares, and home improvement.

Despite that, its Australian furniture and homewares market share is still only around 2.9% based on a recent investor presentation.

That is a small slice of a very large pie. It suggests that most of the opportunity still sits ahead, not behind.

There is also a structural tailwind here. Online penetration in this category is still relatively low compared to markets like the US and UK, which implies there is a long runway as more spending shifts online over time.

Growth is still happening

Another thing I think is getting overlooked is that the business is still growing.

Revenue increased 20% in the first half, with momentum continuing into the second half of the year.

Customer numbers are rising, repeat orders now make up a larger share of sales, and new growth areas like home improvement and trade are expanding quickly.

To me, that does not look like a business in decline. It looks like one that is still scaling, just without the same market enthusiasm it once had.

Valuation has come back to earth

At $5.77, the valuation is no longer stretched in the same way it used to be.

According to CommSec consensus estimates, Temple & Webster is expected to generate earnings per share of 8.2 cents in FY26, 12.2 cents in FY27, and 18 cents in FY28.

That places the ASX 300 share on roughly 32x FY28 earnings.

I would not call that cheap in absolute terms. But I also do not think it needs to be.

This is still a business with the potential to grow into a much larger company over time. If it can continue taking market share and scale its margins, that multiple could look more reasonable in hindsight.

The model is built for scale

One of the things I like about Temple & Webster is its business model.

It is asset-light, which means it does not need to invest heavily in physical stores or large inventories to grow.

Instead, it relies on a drop-shipping model and a large supplier network, which allows it to expand its range and scale efficiently.

As the business grows, there is also the potential for margins to improve. Management has outlined a long-term goal of significantly higher EBITDA margins as scale builds and costs are leveraged.

That combination of growth and margin expansion is what drives long-term returns.

So, is it a bargain?

I do not think this is a clear-cut bargain in the traditional sense.

It is not trading on a low multiple or offering a margin of safety based on current earnings.

But I do think it is more interesting than it was a year ago.

The share price has come down sharply, expectations have reset, and the long-term growth opportunity still appears to be intact.

Foolish takeaway

Temple & Webster is still a growth story.

The difference now is that you are paying a much lower price to be part of it.

If the ASX 300 share can keep growing, continue taking market share, and move toward its longer-term margin targets, then today’s valuation could turn out to be reasonable.

It will not happen overnight, but for patient investors, this could be one to watch closely.

The post Down 67%, is this ASX 300 share a bargain buy? appeared first on The Motley Fool Australia.

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• Guess which ASX 200 stock is sinking 15% on CEO change

Motley Fool contributor Grace Alvino 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 Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Lotus Resources Ltd (ASX: LOT) shares have dropped 22% to $1.11 on Thursday after the uranium company released its latest quarterly update.

At first glance, that kind of move suggests something has gone seriously wrong.

But after going through the update, I do not think the situation is quite that simple.

The market is reacting to short-term execution issues

If I had to sum up the update in one line, it would be this: progress is being made, but it is not as smooth as the market hoped.

Production is improving, but not consistently. During the March quarter, Lotus milled 119.8kt of ore and produced 78.3klb of uranium. That shows operations are underway, but performance has been impacted by a range of issues.

These include reagent shortages, plant maintenance, and lower-than-expected recoveries. The company also flagged challenges around measuring grade and recovery accurately, even going as far as retracting previously reported figures while it works through reconciliation processes.

I think this is the key reason for the sell-off.

Not because production has stopped, but because confidence has taken a hit.

But there are still signs of progress

At the same time, I do not think this was all negative.

There are a number of things in the update that I think are easy to overlook.

Mining activity is ramping up, with operations now across multiple fronts and a growing ore stockpile that represents more than two months of throughput.

Supply chain issues, particularly around sulphuric acid, appear to be stabilising, with additional suppliers secured and inventories building.

The ASX uranium share is also making progress on key infrastructure, including its acid plant and grid connection, which are both important for achieving steady-state production.

And importantly, management continues to guide toward improving throughput and production over the current quarter.

To me, that suggests the direction of travel is still forward, even if the path has been uneven.

This is what a restart often looks like

I think it is worth stepping back for a moment. Kayelekera is not a brand-new mine. It is a restart.

That is important, because bringing an operation back online after years in care and maintenance is rarely straightforward.

There are always going to be issues that only become visible once operations begin again. Systems need to be tested, processes refined, and teams brought up to speed.

That does not mean the project is broken. It means it is in the messy middle phase.

The bigger picture has not really changed

For me, the long-term case still comes down to a few simple things.

Lotus is moving toward becoming a uranium producer at a time when the global backdrop for uranium remains supportive.

It has an operating asset that is already producing, even if not yet at steady-state levels. And it has a balance sheet that still looks relatively solid, with around $85 million in cash at the end of the quarter.

None of those points have changed because of this update. What has changed is how confident the market feels about the timing.

How I see the sell-off

A 22% drop is a strong reaction, but I can understand why it happened.

When a company retracts previously reported metrics and highlights operational inconsistencies, investors tend to step back quickly.

But I also think this is where things can get interesting. If the issues are operational and fixable, then this becomes a question of timing rather than viability.

And in that scenario, sharp share price moves can sometimes overshoot, potentially creating a buying opportunity for investors.

The post Why Lotus Resources shares just fell 22% and how I’m thinking about it appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino 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.

After one of the biggest runs on the ASX, this defence stock is slipping again today.

Electro Optic Systems Holdings Ltd (ASX: EOS) shares are under pressure on Thursday following the release of the company’s quarterly report.

At the time of writing, the EOS share price is down 3.99% to $9.15.

That pullback comes even as the stock remains one of the market’s strongest performers over the past year, up around 660%.

Here’s what the company just told investors.

What came through in the quarter

EOS reported a steady flow of new orders across the March quarter, mainly within its defence systems business.

Wins included contracts for remote weapon systems (RWS) and counter-drone capabilities, with several deals landing across key regions.

Many of these orders are scheduled for delivery through 2026 and 2027, giving some visibility on future revenue as production ramps.

The company also flagged the South Korean conditional opportunity worth about US$80 million. Management expects a decision on that contract around mid-2026, though there is no certainty it proceeds.

At the same time, EOS is continuing to expand its global footprint, with discussions underway across Europe, the Middle East, Asia, and the United States.

Order book keeps moving higher

One of the more closely watched metrics for the quarter was the contract backlog.

EOS reported a backlog of $518 million at the end of March, up from $459 million in December. That is a lift of roughly 13% over the prior period.

The increase reflects both recent contract wins and ongoing demand from its core defence platforms.

The company noted that activity levels remained high across manufacturing and delivery, with operations in Australia, the United States, and Singapore all contributing through the quarter.

Cash flow dips despite customer receipts

On the financial side, the numbers were a bit mixed.

Operating cash inflow came in at $9.5 million for the quarter, down from $19.3 million in the December period.

The drop was linked to the timing of milestone payments and increased manufacturing activity as production ramps up.

Customer receipts were solid at $72.6 million, but this was offset by higher operating outflows tied to scaling production and delivery.

EOS ended the quarter with $95.1 million in cash, down from $106.9 million at the end of December.

It also secured a $100 million two-year debt facility earlier this year, giving it more flexibility to manage working capital.

What the market is watching now

The focus now is on timing, especially around the South Korean laser contract.

EOS had expected the US$80 million deal to turn unconditional by the end of March, but that has slipped into the second quarter.

That change likely didn’t go unnoticed, given how much attention was on that March milestone.

From here, it comes back to whether EOS can deliver and start turning its backlog into real revenue.

The post Why this ASX defence stock is falling today despite a massive 660% run appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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 Electro Optic Systems. 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.

ASX mining shares are significantly lower on Thursday, with the S&P/ASX 300 Metal & Mining Index (ASX: XMM) down 1.9%.

Experts say Australia is already in its next great mining boom due to rising demand for commodities amid the green energy transition.

The war in Iran and the ensuing global fuel crisis are headwinds for mining, but the long-term earnings growth drivers remain in place.

With this in mind, here is one ASX mining share that Morgans expects to rip, and one it expects to dip, in 2026.

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is $6.95, down 2.7% today.

Over the past 12 months, this ASX 200 gold mining share has increased its valuation by 54.5%.

In the year to date, Regis Resources has lost 9%, but over the past month, it has lifted 4.7%.

Morgans upgraded Regis Resources shares from a hold to buy rating after the miner released its 3Q FY26 report.

Morgans said:

Gold sales of 89.1koz at an AISC of A$2,807 beat our expectations whilst performing in line with company guidance, delivering revenue of A$622m at an average realised price of A$6,977/oz.

RRL continues to build a substantial cash balance, adding an additional A$198m bringing the total to A$1.12bn. Replenished ounces with group MRE exceeding 10% yoy resource growth underpinning future production.

We upgrade to BUY (from HOLD) following recent weakness across the gold sector which we believe has uncovered value in RRL underpinned by attractive immediate term cash generation paired with a structured capital management framework.

Morgans increased its 12-month price target slightly from $10.03 to $10.07 after the report.

This implies an impressive potential 45% upside ahead.

PLS Group Ltd (ASX: PLS)

The PLS Group share price is $6.01, up 0.4% today.

Over the past 12 months, this ASX 200 lithium mining share has ripped 300% alongside a sharp rebound in lithium commodity prices.

The PLS Group share price reached an all-time high of $6.17 on Tuesday.

Morgans downgraded PLS shares from a hold to a trim rating after the miner’s 3Q FY26 update.

The broker considers PLS Group the best lithium mining share on the market, but it’s concerned about valuation right now.

Morgans said:

Record production +8% ahead of consensus expectations and costs -13% ahead of consensus expectations highlights PLS’ strong operating leverage. Strong cash build supports growth and potential shareholder returns.

PLS is our preferred lithium exposure, but we see much of the near-term upside priced in and suggest selectively trimming positions.

Morgans kept its 12-month target at $5.40, demonstrating its belief that PLS Group shares are significantly overvalued for the moment.

The post Morgans tips 1 ASX mining share to rip — and 1 to avoid — in 2026 appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen 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.

The S&P/ASX 200 Index (ASX: XJO) is having another subdued session on Thursday. In afternoon trade, the benchmark index is down 0.2% to 8,671.1 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Capstone Copper Corp (ASX: CSC)

The Capstone Copper share price is up 1.5% to $11.58. This morning, this copper miner released its first-quarter update and reported revenue of US$652.5 million. This is up 22% from US$533.3 million a year earlier. Adjusted net income came in at a record of US$94.8 million and adjusted EBITDA was a record of US$329.1 million. This marks the sixth consecutive quarter of record adjusted EBITDA, driven largely by higher realised copper prices and supportive gold and silver prices.

Gentrack Group Ltd (ASX: GTK)

The Gentrack Group share price is up 2.5% to $4.91. This follows news that the utilities software provider has entered into an agreement to acquire Dubai Technology Partners (DTP). It is a premier airport technology and services provider based in Dubai. Gentrack’s CEO, Gary Miles, said: “DTP is a highly complementary acquisition—technologically, commercially, and culturally. By adding DTP’s technologies to Veovo’s AI-enabled portfolio and leveraging their prestigious expertise, we can deliver smarter, more automated solutions to our 150+ airports worldwide while establishing a powerful growth engine in the Middle East.”

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is up 6% to $65.76. The catalyst for this has been the release of the mining and mining services company’s third-quarter update. That update saw Mineral Resources upgrade its full-year shipments guidance for both Onslow Iron and its lithium operations. In addition, it revealed that costs are tracking to the lower end of its guidance range for Onslow Iron. The company has also lifted its mining services production volume for the financial year.

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is up 6.5% to $44.03. This is despite there being no news out of the logistics solutions technology company on Thursday. However, a bullish broker note out of Morgan Stanley appears to be lifting a number of tech stocks today. It has reaffirmed its overweight rating and $70.00 price target on the company’s shares. The broker believes WiseTech is well-placed to leverage AI to strengthen its market position.

The post Why Capstone Copper, Gentrack, Mineral Resources, and WiseTech shares are racing higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Gentrack Group and WiseTech Global. The Motley Fool Australia has positions in and has recommended Gentrack Group and WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

With many S&P/ASX 200 Index (ASX: XJO) companies in the midst of releasing quarterly results and updates, the team at Morgans are quickly adjusting their outlooks. 

Two of the most recent shares to receive updated guidance from the broker are Stanmore Resources Ltd (ASX: SMR) and Suncorp Group Ltd (ASX: SUN). 

Let’s find out how Morgans views Stanmore and Suncorp shares today. 

Stanmore Resources

This ASX 200 company is an Australian coal producer with operations and exploration projects in the Bowen and Surat Basins in central and southern Queensland.

Its stock price has fallen 6% so far in 2026. 

Yesterday, it released its Q1 2026 Quarterly Activities Report.

As Laura Stewart reported yesterday, it reported saleable coal production steady at 3.2 million tonnes and closing cash of US$166 million, giving the miner a strong foundation for the year.

Morgans said two of three headline metrics narrowly miss consensus, though without material impact. 

As a result, FY26 production guidance is unchanged, and the year remains back-end weighted. 

FOB cash cost guidance increased to US$98-103/t from US$93-97/t due to inflationary pressures on fuel costs. Our forecast FOB costs have been increased to ~US$99/t to reflect this guidance update. We have made material changes to forecasts that reduces our DCF valuation to A$2.80ps (previously A$2.95ps). Following recent share price weakness, we upgrade our recommendation to BUY (previously HOLD).

Today, Stanmore Resources shares are trading at approximately $2.25 each. 

From this price, the updated target from Morgans indicates an upside potential of 24%. 

Suncorp

In a fresh note out of Morgans, the broker has increased its price target on Suncorp shares. 

The broker said the company has provided an update on its aggregate reinsurance cover and its FY26 outlook.

Overall, in our view, SUN securing an aggregate reinsurance cover will reduce future earnings volatility, whilst 2H26 claims are tracking below our expectations. We raise our SUN FY26F/FY27F EPS estimates by +3% and +1% respectively, reflecting lower-than-expected current year hazard claims relative to our prior forecasts, a mark-to-market and a modest adjustment to our forward UITR assumptions.

As a result, Morgans’ price target has increased to $17.79 (previously $17), driven by these earnings revisions. 

We believe SUN’s management has executed well in recent years, successfully steering the company’s strategy as a pure play general insurer. However, with the upside to our price target now more limited, we move to a HOLD recommendation.

At the time of writing, Suncorp shares are trading for $16.95. 

From this level, the revised price target from Morgans indicates just 5% upside for Suncorp shares. 

The post What is Morgans saying about Stanmore Resources and Suncorp shares after results? appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell 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.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down 0.25% to 8,666.1 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are tumbling:

Appen Ltd (ASX: APX)

The Appen share price is down 27% to $1.13. Investors have been selling this artificial intelligence (AI) data services company’s shares following the release of its quarterly update. Although the company posted a 9% increase in revenue to $54.8 million, it is still barely profitable at an EBITDA level. In addition, the performance of its Appen Global business may have spooked investors. It reported a 37% decline in revenue to $19.9 million.

Catalyst Metals Ltd (ASX: CYL)

The Catalyst Metals share price is down a further 7% to $5.26. Investors have been selling this gold miner’s shares this week following the release of its quarterly update. Catalyst reported gold production of 26,127 ounces with an all-in sustaining cost (AISC) of A$2,901 per ounce. And while the company has reaffirmed its production guidance of 100,000 ounces to 110,000 ounces, it has lifted its cost guidance. It now expects its FY 2026 AISC to come in at A$2,750 per ounce to A$2,950 per ounce. This compares to its previous guidance range of A$2,200 per ounce to A$2,650 per ounce.

South32 Ltd (ASX: S32)

The South32 share price is down 7% to $3.96. This follows the release of an update on the first development of its Hermosa project in Arizona, United States. Management revealed that it has increased development costs by 50%. It said: “Our expected growth capital expenditure for Taylor has been updated to ~US$3,300M. This includes scope changes with the addition of decline access, revised shaft construction costs, materially higher inflation, industry-wide increases in key input costs such as steel, piping, concrete and electrical, and United States tariffs.”

Woolworths Group Ltd (ASX: WOW)

The Woolworths share price is down almost 7% to $34.75. Investors have been selling the supermarket giant’s shares following the release of its third-quarter sales update. Woolworths reported a 4.5% lift in group sales to $18.1 billion, led by a 5.9% increase in Australian Food sales and a 20.2% jump in ecommerce sales. However, CEO Amanda Bardwell revealed that Australian Food earnings are no longer expected to be as strong as previously thought. She said: “Reported F26 Australian Food EBIT growth is still expected to be in the mid to high single digit range but no longer at the upper end of the range.”

The post Why Appen, Catalyst Metals, South32, and Woolworths shares are sinking today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Woolworths Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Appen. The Motley Fool Australia has positions in and has recommended Woolworths Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Australian shares have come under pressure this week amid concerns about rising inflation and interest rates, spooking investors. The S&P/ASX All Ordinaries Index (ASX: XAO) is down another 0.44% at the time of writing on Thursday morning, continuing on seven consecutive days of index declines.

But here are two ASX All Ords shares bucking the trend and travelling in the other direction. And they’re both tipped to climb over 70% higher over the next 12 months, too.

Megaport Ltd (ASX: MP1)

Megaport shares are up 3.42% at the time of writing, to $9.37. The shares have rebounded 40% from an annual low of $6.71 earlier this month, sparking signs of a continued recovery. 

There is still a long way to go, though. The ASX All Ords shares are still 24% lower year to date and down 18% from this time last year.

Megaport was caught up in the sector-wide sell-off of technology stocks in late 2025 and early 2026. 

At the time, many investors were also concerned that AI could disrupt traditional software models. There was also concern that AI tools might replace or reduce demand for subscription-based software. 

The beaten-down tech stock was also battered by high investor expectations and heavy acquisition spending, which raised concerns about near-term costs and profits. 

But long-term drivers of AI and tech-sector growth haven’t gone away. Technology is rapidly advancing, and businesses are investing in AI more than ever before. It looks like investors are finally coming around to the idea that AI adoption could benefit technology development.

According to Market Index data, brokers have a strong buy rating on the ASX All Ords shares and tip a 68% upside to $15.74 over the next 12 months.

Catapult Sports Ltd (ASX: CAT) 

Catapult shares are up 1.56% at the time of writing to $3.26 per share. It’s a step in the right direction and good news for investors. The shares have shed 56% of their value since peaking at an all-time high in late October. 

The ASX All Ords shares are still down 24% year to date and 20% lower than this time 12 months ago.

The company posted its half-year results shortly after spiking to an all-time high, reporting a 50% jump in operating profit. It looks like the result came in below expectations, though, and investors rushed to sell up their stake in the company. 

Shortly after, the global sports data company was caught up in the tech-sector-wide sell-off, which pushed its share price further south. 

It was also removed from the S&P/ASX 200 Index (ASX: XJO) as part of a quarterly rebalance in March.

It looks like sentiment shifted last month after its trading update revealed a 27% to 28% expected increase in its closing annual contract value (ACV) for FY26 and a predicted 50% year-on-year increase in EBITDA.

It’s clear that Catapult is quickly gaining traction, in part thanks to its recurring subscriptions and strong customer retention. 

Brokers have a strong buy rating on the stock. They also tip a 72.38% upside to an average price target of $5.64 over the next 12 months.

The post These 2 ASX All Ords shares are flying higher today, and tipped to jump another 70% 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 Catapult Sports and Megaport. The Motley Fool Australia has positions in and has recommended Catapult Sports. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Mineral Resources Ltd (ASX: MIN), Woolworths Group Ltd (ASX: WOW), and Boss Energy Ltd (ASX: BOE) shares are turning heads today.

One of the large-cap ASX stocks is smashing the 0.3% losses posted by the S&P/ASX 200 Index (ASX: XJO), while two are significantly trailing those losses.

Here’s what’s grabbing investor interest.

Boss Energy shares tumble on production woes

Boss Energy shares are down 3.9% at the time of writing, changing hands for $1.48 apiece.

That underperformance follows the release of the ASX 300 uranium stock’s March quarter update (Q3 FY 2026).

It was a difficult three months for the Aussie uranium miner, with operations at its Honeymoon mine in South Australia impacted by inclement weather and lower ore grades.

This led to a 53% quarter-on-quarter decline in drummed uranium production to 203,000 pounds. Sales volumes fell 7% from Q2 to 325,000 pounds.

And while the miner’s average realised price of US$74 per pound was in line with the prior quarter, costs were up around 100%, with Boss reporting a C1 cost of $60 per pound.

Boss Energy shares are also likely under pressure after management cut full-year FY 2026 production guidance to the range of 1.40 million pounds to 1.45 million drummed uranium. That is down from prior guidance of 1.6 million pounds.

Which brings us to…

Mineral Resources shares jump on guidance upgrades

Mineral Resources shares are turning heads today as the stock shakes off the broader market malaise to charge higher.

Shares in the ASX 200 lithium miner and diversified resources producer are up 6.5% at the time of writing, trading for $65.91 each.

This strong performance follows the release of Mineral Resources’ third-quarter update.

Investors are reacting positively today, following a range of full-year guidance upgrades.

In its iron ore division, Mineral Resources reported that Onslow Iron shipped 7.2 million tonnes over the three months. The company upgraded FY 2026 guidance to the range of 17.7 to 19.4 million wet metric tonnes (wmt).

Management also increased production guidance at Mineral Resources Mining Services to 320 million to 330 million tonnes. That’s up from prior guidance of 305 million to 325 million tonnes.

The ASX 200 miner also boosted its full-year lithium volume guidance.

Woolworths shares sink on growing cost-of-living pressures

Woolworths is joining Mineral Resources and Boss Energy shares in making headlines today.

Woolworths shares are down 6.2% at the time of writing, swapping hands for $34.99 apiece.

This follows the release of the ASX 200 supermarket giant’s own March quarter update.

Although total sales for the Q3 were up 4.5% year on year to $18.1 billion, management noted that they are seeing “signs of increased customer caution”.

Investors will also have noted that, amid a strengthening Australian dollar, the company’s New Zealand Food sales fell 5.2% year on year in Aussie dollar terms to $1.81 billion.

“The conflict in the Middle East is creating greater uncertainty for our customers, suppliers and team at a time when cost-of-living pressures are already acute,” Woolworths CEO Amanda Bardwell said.

The post Why Mineral Resources, Woolworths and Boss Energy shares are turning heads on Thursday appeared first on The Motley Fool Australia.

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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 positions in and has recommended Woolworths Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Shares in Westgold Resources Ltd (ASX: WGX) have been on the slide since the company released its quarterly report this week, but if you ask the analysts at Macquarie, that’s just more reason to buy.

Macquarie ran the ruler over the company’s quarterly and issued a note to their clients with an outperform rating on Westgold shares and a bullish price target, which we’ll get to shortly.

First, let’s have a look at what Westgold reported this week.

Production hitting targets

The company said in its third-quarter report that it had produced 93,145 ounces of gold, down markedly from the 111,418 ounces produced in the previous quarter.

The company said the lower production was largely driven by lower head grades at its Starlight mine, from its New Murchison operations and from Beta Hunt in the Southern Goldfields.

The company said production was as expected.

As it said:

Production from Westgold’s assets was in line with expectations in Q3 FY26. With no immediate impediments to the ramp up in mining rates at Bluebird and Beta Hunt, ventilation upgrades at Big Bell completed, and no major plant shutdowns scheduled for Q4, the Company is in a strong position to achieve its production targets for the year. Westgold maintains its production guidance for FY26 of 345,000 – 385,000oz, having produced 288,500oz for the financial year to the end of Q3 FY26.

The company finished the quarter with cash, bullion, and liquid investments worth $856 million, up $202 million over the period.

Westgold said the result “was driven by an increase in realised gold price to $7,080/oz and a competitive AISC margin of $3,742/oz”.

These figures also do not include the company’s significant stake in Valiant Gold Ltd (ASX: VAL), which listed on the ASX on March 27.

Shares looking cheap

Macquarie said in its note to clients that Westgold’s production was in line with consensus estimates and 4% up on what they were expecting.

They added:

Production from Murchison beat our estimates by 11%, and Southern Goldfields missed by 10% which was driven by lower gold grades milled (offset slightly by higher throughput).

Macquarie reduced its price target on Westgold shares by 5% due to short-term earnings per share changes, but still has a bullish target of $9 per share on the company.

If the shares were to reach that level, it would be a new 12-month high, with the current high watermark sitting at $8.16.

On Thursday, the shares were changing hands for $5.41, down 8.3% on the day. Westgold is valued at $5.57 billion.

The post Down 8% today, does Macquarie think Westgold Resources shares are a buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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.