Category: Stock Market

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 1.35% to 8,402 points.

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

AMP Ltd (ASX: AMP)

The AMP share price is up 4% to $1.30. Investors have been buying the financial services company’s shares after it announced an on-market share buyback. AMP advised that it will begin buying back up to $150 million of ordinary shares on-market following the release of its first quarter update next month. AMP’s chief executive, Alexis George, said: “We remain committed to returning surplus capital to shareholders in the absence of a compelling alternative, and prioritising organic growth in our wealth businesses. Today’s announcement demonstrates this, with an on-market share buyback the most efficient use of capital at this time.”

Greatland Resources Ltd (ASX: GGP)

The Greatland Resources share price is up almost 8% to $10.51. This has been driven by an update from the gold miner this morning. Greatland Resources revealed a 150% increase in the Telfer project’s gold mineral resources to 8.0 million ounces. This means that the combined Telfer and Havieron resources now total 14.9 million ounces of gold and 645,000 tonnes of copper. The company’s managing director, Shaun Day, said: “Telfer and Havieron’s combined resource of 550Mt @ 0.84g/t Au & 0.12% Cu for 14.9Moz Au & 645Kt Cu has the potential to underpin a multi-decade, world class mining hub. Our investment in significantly increased drilling has delivered substantial organic growth, with the overall Telfer resource growing by 150% to 8.0Moz, and the higher confidence Measured and Indicated component by 163% to 3.8Moz.”

Minerals 260 Ltd (ASX: MI6)

The Minerals 260 share price is up 5% to 63.2 cents. This follows the release of further positive results from the ongoing drilling program at its 100% owned 4.5Moz Bullabulling Gold Project in Western Australia. Commenting on the results, Minerals 260’s managing director, Luke McFadyen, said: “Drilling results received since the December 2025 MRE continue to reinforce our confidence in the growth potential of the MRE. The current program is focused on both expanding the resource and upgrading classifications, particularly within shallow areas targeted for early mining, while also testing high-priority extension targets at depth and along strike.”

Woodside Energy Group Ltd (ASX: WDS)

The Woodside Energy share price is up 3% to $35.43. Investors have been buying Woodside and other ASX energy shares today after oil prices surged on Friday night. This was in response to escalating tensions in the Middle East. The S&P/ASX 200 Energy index is up 2.9% at the time of writing.

The post Why AMP, Greatland Resources, Minerals 260, and Woodside shares are pushing higher today appeared first on The Motley Fool Australia.

More reading

• Why is this ASX gold stock storming 10% higher today?
• AMP shares charge higher on Monday despite market selloff: What’s going on?
• Greatland Resources delivers major resource upgrade at Telfer
• 5 things to watch on the ASX 200 on Monday
• ASX 200 mining shares rebound after March sell-off creates opportunities

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group Ltd. 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.

It’s been a tough session for investors in Catapult Group International Ltd (ASX: CAT) shares.

The Catapult share price tumbled 12.9% to $2.97 during early afternoon trade, adding to what has already been a painful period for investors.

The ASX technology stock is now down 28.6% year to date and has plunged roughly 57% over the past six months.

So, what’s behind the latest sell-off?

Lifting the bar

The weakness of Catapult shares comes as the sports technology company outlined its strategy to grow average annual contract value (ACV) per professional team — and while the long-term vision is ambitious, it may have raised some near-term concerns.

At its core, Catapult provides performance analytics and wearable tracking technology to professional sports teams. Its solutions help teams monitor athlete performance, reduce injury risk, and gain a competitive edge through data.

Now, management is aiming much higher. The company is targeting a significant increase in average ACV per pro team, lifting it from around US$20,000 today to between US$100,000 and US$150,000 over time. That’s a massive jump — and it will rely heavily on upselling, cross-selling, and rolling out new products.

There’s a catch: Execution risk

The strategy is built around a “land and expand” model. Catapult plans to win new customers with its core performance and health (P&H) offerings, then deepen those relationships by layering on additional features and solutions. On paper, it’s a compelling approach.

Catapult appears focused on boosting the value it delivers to each customer, rather than just chasing new sign-ups. By turning smaller initial contracts into broader, multi-solution partnerships, the company could unlock meaningful revenue growth without needing to dramatically expand its customer base.

Investors may be questioning how quickly and how easily Catapult can scale ACV to those ambitious targets. Upselling existing customers and convincing teams to adopt multiple products isn’t guaranteed. It’s particularly difficult in a competitive and budget-conscious environment.

Catapult shares snapshot

That uncertainty comes at a time when Catapult shares are already under pressure and near recent lows. When expectations are high and delivery is still ahead, the market can be quick to hit the sell button.

Looking at the bigger picture, the recent decline has been significant. Over the past 12 months, Catapult shares are down 14%, underperforming the S&P/ASX 200 Index (ASX: XJO), which has risen around 5.3% over the same period.

The bottom line? Catapult’s long-term growth strategy could be powerful if it works. Right now, investors appear wary about the path to get there.

The post Why are Catapult shares tumbling 13% on Monday? appeared first on The Motley Fool Australia.

More reading

• Catapult Group targets bigger ACV per team
• 5 things to watch on the ASX 200 on Monday
• What’s Bell Potter’s updated view on Catapult shares after its earnings results?
• 3 bargain ASX tech shares I’d buy right now
• Why Catapult, DroneShield, Infratil, and Qoria shares are charging higher today

Motley Fool contributor Marc Van Dinther 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. 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.

The Macquarie Group Ltd (ASX: MQG) share price has been feeling pain in the last few weeks, just like many other stocks. But, experts are optimistic that the ASX financial share could deliver good returns over the next 12 months.

Macquarie is one of the most diversified businesses on the ASX, particularly in the financial sector, due to the varied operations of its segments and how it has a global earnings base.

Impressively, it makes around two-thirds of its money internationally, which I think is a powerful tool because it reduces the risk of being too focused on one region, and it also means it can look across the world for the best places to invest for growth.

Additionally, I also like how it has four different areas of its business – investment banking (Macquarie Capital), asset management (Macquarie Asset Management (MAM)), banking and financial services (BFS), and commodities and global markets (CGM).

The company has a variety of ways of making a profit and looking for further growth avenues. Due to this, I prefer Macquarie over the major ASX bank shares.

With its global and diversified earnings base in mind, I think it’s well-placed to navigate the current volatile markets.

Let’s take a look at what experts think could happen to the ASX financial share in the coming months.

Exciting Macquarie share price target

A price target tells investors where experts believe the share price will be trading in 12 months from the time that they make that analysis call, taking into account the company’s earnings trajectory and other elements worth considering with the valuation.

According to CMC Invest, there are five recent buy ratings (and four hold ratings) on the business.

Of those nine ratings, the average price target is $228.95. That suggests a possible rise of more than 17% over the next year, from where it is at the time of writing.

The latest update from the business was for the FY26 third quarter, for the three months to December 2025, which showed positive year-over-year growth for the business.

It reported for that quarter that the MAM net profit was “substantially up”, BFS net profit was “slightly up”, CGM net profit was “substantially up” and Macquarie Capital net profit was “substantially up”.

While one quarter’s performance isn’t the whole financial year, nor is it necessarily reflective of how earnings will perform during 2026, I think it’s a good sign for Macquarie and shows it can deliver strong growth at times.

I’m particularly impressed by the level of deposit and loan growth at Macquarie’s BFS – they grew 6% and 7%, respectively, quarter over quarter. That’s a great growth rate and could help Macquarie become a ‘big 5’ bank in Australia in the coming years.

The post How much could the Macquarie share price rise in the next year? appeared first on The Motley Fool Australia.

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• Hub24 vs Netwealth: Which ASX tech stock is the better buy now?
• How to invest $10,000 in ASX dividend shares in 2026
• What could $500 a month in ASX 200 shares become in 20 years?
• ASX bank stocks: Buy, sell, or hold?
• How to build $100,000 a year in passive income from ASX shares

Motley Fool contributor Tristan Harrison 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.

BHP Group Ltd (ASX: BHP) shares are edging lower today.

Shares in the S&P/ASX 200 Index (ASX: XJO) mining giant closed on Friday trading for $50.37. In morning trade on Monday, shares are swapping hands for $50.24, down 0.3%.

For some context, the ASX 200 is down 1.5% at this same time.

Taking a step back, BHP shares have strongly outperformed over the past year, gaining 31.5% compared to the 7.4% 12-month gains posted by the benchmark index. BHP also paid out two fully franked dividends over the year totalling (a rounded) $1.96 a share.

However, since the onset of the Middle East conflict, the Aussie mining giant has underperformed. Shares have fallen 15.2% since market close on 2 March, trailing the 8.8% losses posted by the ASX 200.

Which, according to Sanlam Private Wealth’s Remo Greco, could make now an opportune time to pick up some shares in the ASX 200 miner at a bargain (courtesy of The Bull).

Should you buy BHP shares today?

“The current volatility presents investors with an opportunity to buy this global miner at attractive prices,” said Greco, citing the first reason he’s bullish on BHP shares.

As for the second reason, he noted:

The recent BHP announcement of Brandon Craig replacing the retiring Mike Henry as chief executive is a good appointment. Craig was responsible for the company’s Americas business, and that’s where the growth is likely to come from in the medium term.

BHP shares closed up 0.7% on 18 March, the day the miner announced Craig’s elevation to CEO.

And the third reason you might want to buy the ASX 200 mining giant today is its growing revenues and profits.

“Group revenue in the first half of 2026 was up 11% on the prior corresponding period and profit from operations was up 34%,” Greco said.

A modestly less bullish view

MPC Markets’ Mark Gardner also recently analysed the outlook for BHP shares.

While he also sounded an optimistic note, Gardner currently has a hold recommendation on the ASX 200 mining stock.

According to Gardner:

The global miner delivered a strong half year result in fiscal year 2026. Copper delivered the majority of earnings for the first time in the company’s modern history. The dividend was above expectations. The balance sheet is in good shape.

The conflict in Iran has rattled commodity markets, and BHP shares have fallen heavily. Most of BHP’s output goes to Asia, not through the Strait of Hormuz. The market is selling the ticker, not the fundamentals.

We suggest adding on weakness, and holding for an upgrade when the conflict ends.

The post 3 reasons to buy BHP shares today appeared first on The Motley Fool Australia.

More reading

• ASX 200 mining shares rebound after March sell-off creates opportunities
• How many BHP shares do I need to $1,000 of passive income?
• Would I buy BHP, CBA, and CSL shares today?
• 3 top Vanguard ETFs I would buy in April
• How I’d invest $20,000 in ASX shares right now to help build long-term wealth

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

Shares in KMD Brands Ltd (ASX: KMD) remain in a trading halt four business days after the company first asked that trading be halted, amid rumours that it is struggling to finalise a capital raise.

The retail brands owner, which operates the Rip Curl and Kathmandu brands, first asked that its shares be placed in a trading halt on March 25, saying it was planning to raise new capital, as well as release its first-half results to the market.

The original trading halt was meant to be in place until Friday.

The company said at the time:

KMD notes that it is effectively conducting an extended book build for a private placement, and there is a risk of material information leaking ahead of the formal announcement of the capital raise. KMD is not presently in a position to make a further announcement regarding the capital raise as the final details are still being determined.

On Friday, the company asked that the suspension of its shares be extended to Monday morning, but then on Monday, it asked for a voluntary suspension of its shares until Tuesday morning.

The company also said at this time it was looking to refinance its existing bank facilities.

While the company has not given any hint as to the size of the capital raise, The Australian was reporting on Monday that KMD was after about NZ$100 million, but was struggling to secure that number, with only about NZ$30 million in commitments so far raised.

The Australian report said that the company was looking to raise funds in the form of preferred securities, which combine features of both equity and debt.

Recent transaction rejected

KMD Brands also last week rejected a deal from US company Stokehouse to buy Rip Curl.

That deal would have involved demerging Rip Curl into a separate entity to be listed on the Australian and New Zealand share markets.

KMD said regarding the proposed deal:

Stokehouse proposed that after the de-merger of Rip Curl from KMD Brands, and its merger with Stokehouse, Stokehouse shareholders would own 22% of the merged entity. This proposed ownership structure is misaligned with the earnings delivered by the Stokehouse and Rip Curl businesses given Stokehouse’s immaterial contribution to combined EBITDA, and would unfairly dilute KMD Brands shareholders. In addition, Mr. Naude, the current CEO of Stokehouse, would be Chief Executive of the combined business, and he would lead the business from California.

KMD Brands shares last changed hands for 15.5 cents, which was a 12-month low for the stock.

The company is valued at $110.3 million.

The post What’s going on with KMD Brands shares? appeared first on The Motley Fool Australia.

More reading

• Trading halt, delayed results, and a capital raise: Why this ASX retail stock is under pressure
• Which ASX retail company just rejected a deal to buy its Rip Curl stores?

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 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 down 1.5% on Monday, with these five ASX 200 shares falling to new 52-week-plus lows.

Two of the underperforming companies are in the technology sector, two are in healthcare, while the fifth is a major property developer.

Here’s what’s happening.

Two ASX 200 tech shares dropping to fresh one-year-plus lows

The first company making this rather ignominious list today is WiseTech Global Ltd (ASX: WTC).

Shares in the logistics software solutions company are down 5.1% in late morning trade today, changing hands for $36.42 each. That sees the WiseTech share price down 55.2% over 12 months and trading at its lowest level since June 2022.

WiseTech shares have come under pressure over the past months amid increasing concerns that artificial intelligence (AI) could soon be able to deliver much of the same services the company offers at materially cheaper costs.

Which brings us to the second ASX 200 share trading at 52-week-plus lows today, Xero Ltd (ASX: XRO).

Shares in the business and accounting software provider are down 4.9% at the time of writing, trading for $69.25 apiece. This puts the Xero share price down 55.3% over 12 months and trading at its lowest level since November 2022.

Like WiseTech, Xero shares are facing negative investor sentiment amid the rapid rise of AI technologies.

Two ASX 200 healthcare shares sinking to new 52-week lows

Moving on to the healthcare space, we have Sigma Healthcare Ltd (ASX: SIG).

Shares in the retail pharmacy giant, which merged with Chemist Warehouse in 2025, are down 0.6% today, trading for $2.605 each. That sees the Sigma Healthcare share price down 9.6% in a year and at its lowest level since December 2024, prior to the merger.

ResMed Inc (ASX: RMD) shares are also doing it tough.

Shares in the sleep disorder treatment company are down 1.3% today, changing hands for $31.925 each. That puts this ASX 200 share down 8.7% over 12 months and trading at its lowest level since August 2024.

As for the property development giant…

Interest rates may be biting

Stockland Corp Ltd (ASX: SGP) shares join our list of stocks slumping to new one-year-plus lows today.

Shares in the diversified property development company are down 1.4% on Monday, trading for $4.20 each. That puts this ASX 200 share down 14.3% over 12 months and trading at its lowest level since January 2025.

Like many real estate companies, Stockland shares have faced headwinds amid resurgent global inflation and expectations of higher interest rates to come. Real estate stocks tend to perform better in low and falling interest rate environments.

The post 5 ASX 200 shares including WiseTech and Xero plumbing new 52-week-plus lows on Monday appeared first on The Motley Fool Australia.

More reading

• Got $5,000 to invest? Here are 2 ASX tech stocks to buy today
• 2 ASX shares highly recommended to buy: Experts
• How I’d aim to build a $100,000 ASX share portfolio starting at zero
• 3 ASX 200 shares that could beat the market over the next 10 years
• How to become a millionaire with a $5,000 investment in ASX 200 shares each year

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 positions in and has recommended ResMed, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended ResMed, WiseTech Global, and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

BrainChip Holdings Ltd (ASX: BRN) shares are on the slide on Monday morning.

At the time of writing, the ASX tech stock is down 3.5% to 14 cents.

Why are Brainchip shares falling today?

The company’s shares are falling today despite the release of an announcement revealing a long-awaited licensing agreement.

According to the release, BrainChip has entered into a technology licensing deal with Korea-based semiconductor company EDGEAI for its Akida 2 neuromorphic IP.

The agreement will see BrainChip provide access to its technology, along with integration support and development tools, to assist EDGEAI in incorporating Akida into its future products.

What is it worth?

The company hasn’t been able to place a dollar figure on the estimated value of the agreement.

It notes the commercial structure of the agreement is tied to the delivery of technical milestones.

BrainChip will receive unspecified payments as it provides various deliverables, including IP access, engineering support, and integration services.

In addition, the company is eligible to receive royalties based on future product sales from EDGEAI that incorporate its technology. These royalties would only be payable once commercial shipments commence.

Furthermore, any potential royalty stream will be dependent on the success of EDGEAI’s products in the market, which is a very large unknown. This is particularly the case given that EDGEAI isn’t a proven name in the semiconductor industry.

In fact, rather embarrassingly, EDGEAI’s website has gone offline today after exceeding its traffic quota.

Flexible terms

It is also worth highlighting that the agreement is global and non-exclusive, meaning EDGEAI is not restricted from working with other technology providers.

In addition, the licence remains in place only while EDGEAI continues to use the Akida IP and can be terminated by the customer without cause on one month’s notice.

Brainchip’s CEO, Sean Hehir, said:

We are excited to partner with EDGEAI as they bring their next generation AI solutions to market. This agreement reflects the growing global demand for neuromorphic computing and the unique advantages delivered by our Akida technology. Together, we are enabling smarter, more efficient edge devices that can operate with exceptionally low power while supporting sophisticated on device intelligence.

Foolish takeaway

While today’s announcement represents progress in commercialising its technology, the financial contribution from the deal remains uncertain at this stage.

With milestone-based payments and royalties dependent on future product success, the extent to which this agreement translates into meaningful revenue will become clearer over time.

The post What’s going on with BrainChip shares today? appeared first on The Motley Fool Australia.

More reading

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It’s a strong start to the week for this ASX gold stock.

Greatland Resources Ltd (ASX: GGP) raced 10.45% higher to $10.78 during Monday morning trade, grabbing investor attention in a big way.

That’s a welcome turnaround after a tough month that saw the share price slide 20% — although zooming out, it’s still up an impressive 46% over the past year.

So, what’s driving the surge?

Major resource upgrade

The answer lies in a major resource upgrade that has lit a fire under the stock.

Greatland revealed a 150% increase in Telfer’s gold Mineral Resources to 8.0 million ounces. Even more eye-catching, the combined Telfer and Havieron resources now sit at a massive 14.9 million ounces of gold and 645,000 tonnes of copper.

This updated December 2025 Group Mineral Resource Estimate reflects a period of rapid growth, fuelled by extensive drilling since the last update. The company has been pushing hard to expand its resource base — and today’s numbers suggest that strategy is paying off.

Importantly, the $6.5 billion ASX gold stock also continues to advance the Telfer operation itself. A strong drilling pipeline and the addition of high-grade underground resources are helping to build momentum.

Improving ore reserves

There’s another key detail investors are getting excited about. The upgrade includes a significant lift in Measured and Indicated Resources — the higher-confidence categories.

That matters because it improves the ASX gold stock’s ability to convert resources into ore reserves, which are critical for long-term mine planning and production visibility.

On top of that, updated cost and revenue assumptions — based on 2025 actuals and conservative commodity price forecasts — point to a solid economic foundation for the project.

Managing Director Shaun Day didn’t hold back on the outlook:

Telfer and Havieron’s combined resource of 550Mt @ 0.84g/t Au & 0.12% Cu for 14.9Moz Au & 645Kt Cu has the potential to underpin a multi-decade, world class mining hub. Our investment in significantly increased drilling has delivered substantial organic growth, with the overall Telfer resource growing by 150% to 8.0Moz, and the higher confidence Measured and Indicated component by 163% to 3.8Moz.

So what’s next?

Greatland isn’t slowing down. Following the substantial increase in both total resources and confidence levels, the company is now targeting an updated Telfer Ore Reserve Estimate in the June 2026 quarter. That could be another key catalyst.

At the same time, focus is shifting to higher-grade zones like the West Dome Underground and Main Dome sub-level cave, which could enhance project economics even further.

And there’s more to come. A record drilling program is set to continue through the second half of FY26 and into FY27, with the aim of growing and upgrading resources even further.

ASX gold stock snapshot

Looking at the bigger picture, Greatland has been a standout performer. Over the past 12 months, the ASX gold stock has risen 46%, comfortably beating the S&P/ASX 200 Index (ASX: XJO), which is up around 9% over the same period.

Today’s surge shows just how quickly sentiment can shift — especially when a miner delivers a blockbuster resource upgrade.

The post Why is this ASX gold stock storming 10% higher today? appeared first on The Motley Fool Australia.

More reading

• Greatland Resources delivers major resource upgrade at Telfer
• ASX 200 mining shares rebound after March sell-off creates opportunities
• Here are the top 10 ASX 200 shares today
• ASX gold shares down 31% since war began: What should you do?
• Up 84% since August, should you buy this $6 billion ASX 200 gold stock today?

Motley Fool contributor Marc Van Dinther 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.

Terramin Australia Ltd (ASX: TZN) shares have jumped after the company released a revised mining plan for its Tala Hamza zinc project in Algeria.

Large, long-term project

The company said in a statement to the ASX on Monday that the revised plan envisaged a 20-year mine life at a production rate of 2 million tonnes of ore per year, producing about 178,000 tonnes of zinc concentrate.

The mine is expected to cost US$415 million to build, with Terramin saying the operating costs were competitive by world standards.

Early works were already underway, with all of the relevant approvals in place, including the mining permit, the company said

Terramin said the most significant change to its mining plans from a previous definitive feasibility study was the increase in the mining rate from 1.32 million tonnes of ore per year to 2 million.

The company also said negotiations were at an advanced stage with respect to the establishment of a “significant debt facility” with a major Algerian Government bank.

The Tala Hamza project had also been registered with the Algerian Investment Promotion Agency, which will provide benefits such as an exemption from corporate tax for up to 7 years, an exemption from sales tax and customs duties during construction, and access to concessional financing support.

Terramin Executive Chair Bruce Sheng said regarding the project:

The updated Mining Study confirms the strong economics of a significantly expanded Tala Hamza Zinc Project, now scaled to 2.0 mtpa throughput. With all major approvals secured and early works already underway, the Project is firmly advancing into development. Tala Hamza benefits from exceptional infrastructure, including close proximity to a deep-water port, reliable and affordable power, and access to a skilled local workforce, positioning it as one of the most compelling zinc-lead development opportunities globally. We are grateful for the continued support of the Algerian Government and our local partners, who remain instrumental in bringing this nationally significant project to life.

Solid cash flow generator

The Tala Hamza project was expected to have a payback period of about four years, and at a mining rate of 2 million tonnes per year, was expected to generate free cash flow of US$2.19 billion.

Terramin shares were 12.9% higher after the release of the news on Monday, at 3.5 cents.

This is not far off the 12-month lows for the shares of 2.5 cents and well shy of the year-high of 7.8 cents.

The company was valued at $74 million at the close of trade on Friday.

The post Which junior ASX mining company’s shares are surging on positive news? appeared first on The Motley Fool Australia.

More reading

• What’s going on with BrainChip shares today?
• Why is this ASX gold stock storming 10% higher today?
• AMP shares charge higher on Monday despite market selloff: What’s going on?
• 2 ASX dividend shares with yields above 7%
• Catapult Group targets bigger ACV per team

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 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.

AMP Ltd (ASX: AMP) shares are starting the week with a bang.

In early trade on Monday, the financial services company’s shares are up 4% to $1.30.

This compares favourably to the S&P/ASX 200 Index (ASX: XJO), which is having a tough start to the week following a selloff on Wall Street on Friday.

The benchmark index is currently down 1.4%.

Why are AMP shares outperforming?

AMP shares are outperforming on Monday after the company sneaked out a positive announcement after the market close on Friday.

That announcement revealed that the company will undertake an on-market share buyback of up to $150 million of ordinary AMP shares.

According to the release, the relevant regulatory approvals have been granted for the buyback, which is expected to commence following release of AMP’s first quarter update. That is scheduled to be released to the market next month on 16 April.

AMP notes that the buyback will not exceed 10% of issued capital over a 12-month period. As a result, shareholder approval is not necessary.

AMP’s chief executive, Alexis George, revealed that the decision to return this capital to shareholders was due to the absence of a compelling alternative. She believes it is the most efficient use of capital. George said:

We remain committed to returning surplus capital to shareholders in the absence of a compelling alternative, and prioritising organic growth in our wealth businesses. Today’s announcement demonstrates this, with an on-market share buyback the most efficient use of capital at this time.

Given that AMP shares are down heavily from their highs, it is hard to argue against this being a good use of capital.

Should you invest?

Analysts are largely very bullish on AMP shares at current levels.

According to a note out of Ord Minnett from last week, it has put a buy rating and $1.65 price target on its shares.

Elsewhere, Morgans Stanley has an overweight rating and loftier $1.90 price target on them.

Macquarie and Citi are bullish with an outperform rating and buy rating together with $1.80 price targets.

Finally, UBS is also positive on AMP and has a buy rating and $1.75 price target on its shares.

All in all, the broker community appears convinced that its shares will be heading meaningfully higher over the next 12 months.

The post AMP shares charge higher on Monday despite market selloff: What’s going on? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• Two ASX shares on the rebound
• Here are the top 10 ASX 200 shares today
• AMP share price crashes 35% in 2026. What’s next?

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.