Category: Stock Market

The Core Lithium Ltd (ASX: CXO) share price is having another day to forget on Monday.

Shares in the All Ordinaries Index (ASX: XAO) lithium stock closed on Friday trading for 16.5 cents apiece. In late morning trade today, shares are swapping hands for 15.5 cents apiece, down 6.2%.

For some context, the All Ords is up 0.6% at this same time.

The Core Lithium share price is underperforming the benchmark and most of its lithium peers following a major new leadership announcement.

Here’s what we know.

CEO appointment fails to lift Core Lithium share price

As you’re likely aware, March saw the rather abrupt departure of former Core Lithium CEO Gareth Manderson. The company’s CFO, Doug Warden, was appointed as interim CEO.

Today, the Core Lithium share price has failed to ignite on the news that Paul Brown will take over the helm commencing on 4 June.

The board noted Brown’s 25 years of experience in the Australian resources industry. That includes his prior leadership roles with ASX rare earths miner Hastings Technology Metals Ltd (ASX: HAS), Mineral Resources Ltd (ASX: MIN), and Fortescue Ltd (ASX: FMG).

Brown is currently serving as the CEO of Perth-based Hastings, and he was said to have played a vital role in delivering significant mining operations during his stint with Fortescue and Mineral Resources.

What did management say?

Commenting on the new leadership appointment intended to turn the battered Core Lithium share price around, chair Greg English said, “Paul is an outstanding executive with 25 years’ experience in the Australian mining industry and a proven track record of operating and delivering across different commodities.”

English also alluded to restarting lithium mining at the company’s flagship Finniss project in the Northern Territory, which was paused in January due to plunging lithium prices.

“Paul’s lithium mining and operations experience makes him the ideal person to lead Core as we prepare to restart mining at Finniss in a cost efficient and sustainable way,” he said.

English added:

The board’s priorities in selecting a new CEO were identifying someone with lithium mining experience who will consider all options for the restart of mining operations to guide Core’s activities in response to the low price lithium environment.

Brown offered some optimistic words for the ASX lithium stock’s outlook.

“Core is an excellent company with the potential to grow into a significant lithium company,” he said.

Brown continued:      

I will focus on an operational review of the Finniss Lithium Project and the opportunities for the exploration program to grow resources.

I look forward to working with the Core senior team to transform the way we work as we look to continually improve and develop a sustainable lithium project.

Undoubtedly, he has his work cut out for him.

The Core Lithium share price is down a painful 86% since this time last year.

The post Why did the Core Lithium share price just crash 6%? appeared first on The Motley Fool Australia.

More reading

• These are the 10 most shorted ASX shares
• Why these ASX mining shares have ‘got some huge advantages’: Chalmers
• One ASX lithium stock to buy and one to sell
• These are the 10 most shorted ASX shares
• At 14 cents, has the Core Lithium share price become a bit of a joke?

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 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 All Ordinaries Index (ASX: XAO) is up a solid 0.5% on Monday, with one ASX All Ords share doing plenty of the heavy lifting.

Shares in the sports betting company closed Friday at 45.5 cents. In morning trade today, they rocketed to 57.0 cents, up a blistering 25.3%. After some likely profit-taking, they are currently changing hands for 51.5 cents apiece, up 13.2%.

Any guesses?

If you said Pointsbet Holdings Ltd (ASX: PBH), give yourself a virtual gold star.

Here’s what’s boosting the ASX All Ords share today.

Why is the ASX All Ords share soaring?

The Pointsbet share price is leaping higher after the company management announced upgraded earnings guidance for the full 2024 financial year (FY 2024).

The boosted outlook follows ongoing strong year-to-date trading in H2 FY 2024 and increased operational efficiency and productivity.

The ASX All Ords share now expects its normalised earnings before interest, taxes, depreciation and amortisation (EBITDA) loss for the full year to be in the range of $4 million to $6 million. That compares to prior FY 2024 guidance of a full-year EBITDA loss of $9 million to $14 million.

Pointsbet highlighted the “significant improvement” from the $49 million normalised EBITDA loss it reported for FY 2023 for its continuing operations.

Commenting on the improved earnings outlook that’s sending the ASX All Ords share rocketing, Pointsbet CEO Sam Swanell said, “Today’s guidance upgrade is a result of the Company’s continued strong trading performance together with improved efficiency and productivity.”

Swanell added:

It is particularly notable to see that the company has been able to continue to deliver such impressive results, whilst simultaneously undertaking a complex technical and operational migration, separation, and re-organisation, with the recent completion of the sale of the US business.

We continue to invest for further growth, in particular in our core technology and product capabilities and our outsized marketing investment. This is driving our market share growth and setting the Company up for further success in FY 2025 and beyond.

How have Pointsbet shares been tracking

The Pointsbet share price charts of the past year can be somewhat deceiving, as shareholders will have fared better than the charts indicate.

That’s because the ASX All Ords share has twice engaged in some sizeable capital returns to its shareholders over the year.

The last big share price plunge on 30 April came after Pointsbet shares traded ex-capital return for the 39 cents per share (totalling $127 million) that eligible shareholders received for the company’s sale of its United States operations.

The post Guess which ASX All Ords share just rocketed 25% on an earnings upgrade appeared first on The Motley Fool Australia.

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• Why Aeris Resources, Mesoblast, Pointsbet, and Worley shares are sinking today
• Why are Pointsbet shares crashing 45% today?
• Why Argosy Minerals, Immutep, Pointsbet, and Regis Resources shares are racing higher

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 PointsBet. 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.

Star Entertainment Group Ltd (ASX: SGR) shares are in a trading halt this morning as speculation gathers around potential bidders.

If true, the board might need to channel their inner Kenny Rogers: “Know when to hold ’em, know when to fold ’em, know when to walk away and know when to run”. Both the former CEO and chair already decided to run, but will the struggling casino operator finally fold to an opportunistic offer?

With the Star Entertainment share price locked at 45 cents apiece today, we might have an answer sooner rather than later.

‘Hard Rock’ or a hard place?

The proposition of taking control of Star at all-time lows appears to have prompted some action over the weekend. With its back up against the wall, the embattled Australian casino operator might have a way out of the web of worries it has walked into.

Star confirmed the rumours this morning. As stated in its release, the company has received interest from “a number of external parties regarding potential transactions”. Although none are yet at a stage of ‘substantive discussions’.

The release refrained from naming any names. However, word on the grapevine is that a fellow casino and hotel company on the other side of the world is one of those interested in taking over this troubled $1.3 billion ASX-listed business.

The Australian Financial Review reported that Hard Rock Hotels and Casinos is the suspected company inspecting Star shares for potential.

While not confirmed, it’s believed the United States-based company wants to revitalise Star with a rebranding, converting it into more of an entertainment precinct than a casino pure-play. This comes after people from Hard Rock met with Star stakeholders about a month ago.

Agreeing to a takeover when your share price is at its lowest ever would be a tough pill for shareholders to swallow. But it might be the backstop investors need to prevent further value destruction. As my colleague Sebastian Bowen penned earlier this month, Star losing its license could devastate the company.

Hope for higher Star shares

There’s always a silver lining. In this situation, the positive is multiple parties are taking a look.

As we’ve seen before, a bidding war can ensue when two or more bidders want an asset bad enough. If the ASX-listed casino operator is fortunate, this might be how the Star share price puts some distance between itself and the recently set all-time low of 38 cents a pop.

For now, shareholders will need to sit tight for further details to be revealed.

The post Are Star shares now rolling the dice on a rescue bid? appeared first on The Motley Fool Australia.

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• The Star Entertainment share price is trading around all-time lows of 40 cents: How low can it go?
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Mitchell Lawler 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.

BHP Group Ltd (ASX: BHP) shares are charging higher today.

Shares in the S&P/ASX 200 Index (ASX: XJO) mining giant closed up 0.8% on Friday trading for $44.89. In morning trade on Monday, shares are swapping hands for $45.87 apiece, up 2.2%.

For some context, the ASX 200 is 0.5% at this same time.

This comes amid another uptick in copper and iron ore prices, and as the clock ticks down on BHP’s takeover bid for Anglo American (LSE: AAL). The alarm is set for 5pm United Kingdom time this Wednesday (early Thursday morning Aussie time).

You see, to move past 22 May, UK regulations stipulate the ASX 200 miner must be involved in two-way negotiations with Anglo, in which case they can ask for more time to strike an agreement. Alternatively, BHP could also come out with an unconditional offer free of any conditions.

So, should investors expect BHP shares will encompass Anglo American?

We’ll look at what the experts are saying below.

First, a quick recap.

ASX 200 miner eyeing expanded copper footprint

On 26 April, BHP shareholders learned the miner had made a conditional offer to acquire Anglo American for approximately $60 billion.

BHP is primarily interested in Anglo American’s copper assets. The red metal is forecast to remain undersupplied for years despite strong demand growth due to the global electrification push. A successful takeover would see BHP become the world’s top copper producer.

However, Anglo American’s board swiftly rejected the initial offer as undervaluing the company’s growth prospects.

BHP shares made headlines again on 14 May, when the miner returned with an improved takeover bid valued at some $64 billion.

This too was rejected by the Anglo American board.

In the days that followed, investors learned that Anglo American’s CEO Duncan Wanblad is now planning to divest its platinum and diamond businesses and sell its Queensland-based coal mines, potentially to ward off BHP’s takeover attempt.

BHP has also flagged its intentions to likely sell off some of Anglo’s assets, like its platinum and iron ore projects in South Africa.

So, with the clock ticking on a momentous acquisition, what can ASX 200 investors expect?

What’s ahead for BHP shares and Anglo American?

Commenting on the prospect of BHP shares enveloping Anglo American’s assets, Josh Gilbert, market analyst at eToro said, “We might see a third and final offer from the world’s largest miner.”

But that’s likely to be the final deal.

“BHP CEO Mike Henry has already expressed his frustration at a deal not being met, so the next offer is likely to be the last,” Gilbert said.

He noted that despite a difficult past few years “with poor acquisitions, weaker commodity prices, and operating failures”, Anglo American “has quality copper mines that the competition wants”.

And it’s relatively cheap compared to many of its peers.

According to Gilbert:

The business trades at 11 times forward price to earnings, in line with its long-term average and lower than broader markets, showing there isn’t much optimism priced into shares right now. 

The bottom line is that this acquisition still may not come to fruition. BHP needs to come to the table with a better offer. However, savvy investors will know that if copper prices keep rising, China’s housing crisis improves, and BHP can stay financially disciplined, the business will likely be in a better position years from now. 

Liberum Capital says there are three ways that BHP shares will acquire Anglo American. All of which come with a cost.

According to Liberum (quoted by The Australian Financial Review):

We see three ways to get it over the line 1) a big premium – market talking up at least £30/share, but requires another 35 per cent bump in the offer 2) a radical change in structure – perhaps a BHP/Glencore joint bid for all assets 3) more time – if Duncan [Wanblad] doesn’t deliver on his plans, BHP’s offer will likely stay on the table.

Liberum added that regardless of the short-term outcome, Anglo American shares and BHP shares are now closely linked:

Anglo American shares will be tied to BHP’s performance going forward and if … Wanblad fails to deliver material progress on the proposed restructuring plans over the next 18 months, or if Anglo American shares do not outperform BHP, then shareholders will be looking for BHP to come back with an offer.

BHP shares are up 2% over the past year.

The post BHP shares charging higher as the clock ticks down on the Anglo American takeover appeared first on The Motley Fool Australia.

More reading

• ASX 200 mining shares charging higher amid China’s $210 billion cash injection
• What this unprecedented short squeeze signals for ASX copper stocks
• What’s the outlook for ASX iron ore shares after the federal budget?
• How much passive income would I make from 300 BHP shares?
• Why BHP, Boss Energy, Domino’s, and Renascor shares are racing higher

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 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.

Many investors hold ANZ Group Holdings Ltd (ASX: ANZ) shares for the juicy dividends they pay. However, the size of future dividends is largely dependent on the bank’s profit. So just how much profit is ANZ expected to make in the next few years?

With a rapidly changing economic environment, and uncertainty surrounding inflation and interest rates, no one can know precisely how much profit the ASX bank stock will deliver in FY25 or FY26. But we can rely on ANZ’s recent earnings updates and predictions from top brokers to gain a pretty good idea of what’s to come.

Also to be considered is the fact that ANZ is looking to boost its scale and geographic diversification (particularly in Queensland) by buying the banking operations of Suncorp Group Ltd (ASX: SUN).

Let’s dive into the outlook!

FY24

The bank recently reported its FY24 first-half result, which according to broker UBS, was largely in line with market expectations. Net profit after tax (NPAT) came in at $3.5 billion, down 1% half-over-half. ANZ benefitted from a stronger non-net interest income performance, supported by its loan book doing better than expected.

UBS said the $2 billion on-market share buyback was a “welcome positive”.

However, there was a 9 basis point (0.09%) hit to the net interest margin (NIM) to 1.56%, which the broker said was a “negative overhang on the result”. Excluding ‘markets’, ANZ’s NIM declined 2 basis points (0.02%) to 1.63%.

After reviewing the results, UBS increased its FY24 profit forecast for ANZ by around 6%, but downgraded the FY25 and FY26 forecasts by 0.1% and 0.6%, respectively. The downgrades were due to higher cost expectations.

The broker is forecasting the bank could make $7 billion in FY24 and deliver earnings per share (EPS) of $2.29. This suggests ANZ is valued at around 12x FY24’s estimated earnings.  

FY25

UBS is still forecasting FY25 will see a sizeable increase in profitability for ANZ shares, despite the challenge of rising arrears and lending competition.

The broker is suggesting ANZ’s net profit can rise by more than $200 million to $7.2 billion. This would translate to the bank making EPS of $2.42. If this eventuates, it would mean the ANZ share price is currently valued at under 12x FY25’s estimated earnings.

FY26

UBS suggests that ANZ’s profit could rise again by around $500 million to $7.7 billion in FY26. This would mean the ASX bank stock could deliver EPS of $2.58, despite the broker’s warning of higher costs than previously expected for FY26.

Based on those profit estimates, the ANZ share price is currently trading at under 11x FY26’s estimated earnings.

Foolish takeaway

Whilst UBS tapered its profit forecast slightly based on the bank’s most recent results, the outlook still looks pretty promising to me. If ANZ can deliver on the broker’s predictions, I believe that the current share price trading at under 11x FY26’s earnings seems like good value for ASX income investors.

The post Here is the earnings forecast through to 2026 for ANZ shares appeared first on The Motley Fool Australia.

More reading

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• How ASX growth shares can become top dividend stocks
• Here’s the ANZ dividend forecast through to 2026
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• Why is the ANZ share price sinking today?

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 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.

If you’re a beginner investor and not yet confident with stock picking, then the solution could be exchange traded funds (ETFs).

That’s because ETFs allow investors to buy large groups of shares through a single investment.

This means that not only can you build a diverse portfolio effortlessly, but you don’t have to worry about dedicating time to researching individual shares.

With that in mind, which ASX ETFs could be top options for beginner investors right now? Three that could be worth considering are listed below:

BetaShares NASDAQ 100 ETF (ASX: NDQ)

The first ASX ETF that could be a great pick for beginners is the BetaShares NASDAQ 100 ETF. It would be a top option if you want to invest in some of the biggest and best companies that the world has to offer (which is never a bad idea!).

That’s because the massively popular ETF gives you access to the 100 largest non-financial shares on the famous NASDAQ index. This is where you’ll find all the big tech giants that are ever-present in our daily lives. This includes by providing search engines, streaming services, mobile phones, spreadsheets, electric vehicles, and online shopping platforms.

iShares S&P 500 ETF (ASX: IVV)

Another ASX ETF for beginner investors to consider buying this month is the iShares S&P 500 ETF. It could be a good alternative to the NASDAQ 100 ETF if you want a more balanced option for your investment portfolio.

The reason for this is that as well as giving you access to the 100 shares in the above-mentioned ETF, the iShares S&P 500 ETF also covers a further 400 of the top listed companies on Wall Street. This means that you will be investing in a diverse group of shares, including countless household names, from a range of different sectors. This makes it a more diverse option for investors.

Vanguard MSCI Index International Shares ETF (ASX: VGS)

A final ASX ETF for beginner investors to look at is the Vanguard MSCI Index International Shares ETF. It could also be a great option if you’re focusing on diversity. That’s because this ETF gives investors exposure to approximately 1,500 of the world’s largest listed companies from major developed countries.

The fund manager, Vanguard, highlights that investing internationally offers greater access to sectors such as technology and health care that aren’t as well represented in the Australian share market. Among the ETF’s largest holdings are giants from numerous industries such as Apple, Johnson & Johnson, JP Morgan, Nestle, and Visa.

The post 3 excellent ASX ETFs for beginner investors to buy appeared first on The Motley Fool Australia.

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JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in BetaShares Nasdaq 100 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Apple, BetaShares Nasdaq 100 ETF, JPMorgan Chase, Visa, and iShares S&P 500 ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and Nestlé. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Apple, Vanguard Msci Index International Shares ETF, and iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

At the start of each week, I like to look at ASIC’s short position report to find out which shares are being targeted by short sellers.

This is because I believe it is well worth keeping a close eye on short interest levels as high levels can sometimes be a sign that something isn’t quite right with a company.

With that in mind, here are the 10 most shorted shares on the ASX this week according to ASIC:

• Pilbara Minerals Ltd (ASX: PLS) remains the most shorted ASX share with short interest of 21.6%. This is up slightly week on week. Short sellers are betting on a lithium surplus weighing on prices.
• IDP Education Ltd (ASX: IEL) has 16.2% of its shares held short, which is down slightly week on week. This language testing and student placement company has been targeted due to student visa changes in a number of key markets.
• Syrah Resources Ltd (ASX: SYR) has short interest of 13.2%, which is up slightly week on week. Short sellers may believe this graphite miner will continue to burn through cash due to weak battery materials prices and require yet another capital raising.
• Flight Centre Travel Group Ltd (ASX: FLT) has seen its short interest ease week on week to 11.5%. Short sellers appear to have closed a few positions in response to news that the travel agent giant expects record sales in FY 2024.
• Liontown Resources Ltd (ASX: LTR) has 10.3% of its share held short, which is down sharply week on week. Liontown’s Kathleen Valley Lithium Project will soon be commencing production and adding to the supply of the white metal.
• Westgold Resources Ltd (ASX: WGX) has short interest of 8.6%, which is up strongly for a second week in a row. This may be due to doubts over the gold miner’s plan to merge with Canada-based Karoa Resources.
• Core Lithium Ltd (ASX: CXO) has short interest of 7.8%, which is down week on week. Lithium prices have become so weak that Core Lithium had to suspend mining activities to conserve cash.
• Chalice Mining Ltd (ASX: CHN) has short interest of 7.8%, which is up week on week. Short sellers may be regretting this one. The mineral exploration company’s shares rocketed 25% last week following the Federal Budget.
• Sayona Mining Ltd (ASX: SYA) has short interest of 7.6%, which is down week on week. It currently costs this lithium miner $500 per tonne more to produce its lithium than it is selling it for. This hasn’t gone unnoticed by short sellers.
• Weebit Nano Ltd (ASX: WBT) has returned to the top ten with short interest of 7.6%. This semiconductor company’s shares have lost almost half their value this year. Despite this, it seems that short sellers believe they can fall even further given the company’s lack of meaningful revenue and its significant competition.

The post These are the 10 most shorted ASX shares appeared first on The Motley Fool Australia.

More reading

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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 Idp Education. The Motley Fool Australia has recommended Flight Centre Travel Group and Idp Education. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

If you are on the lookout for the winning combination of market-beating returns and an attractive dividend yield (who isn’t?), then it could be worth checking out the two ASX stocks in this article.

That’s because the team at Morgans thinks so highly of these stocks that it has put them on its best ideas list this month and is tipping very big returns over the next 12 months.

Here’s what you need to know about these stocks:

Cedar Woods Properties Limited (ASX: CWP)

Morgans thinks this property company is great value at current levels and sees scope for the ASX stock to re-rate to higher multiples. Particularly given that demand for its offering is improving and should result in improving margins in the near future. The broker explains:

CWP is a volume business and the demand for lots looks to be improving, with margins to invariably follow. CWP’s exposure to lower priced stock in higher growth markets sees further potential to drive earnings. On this basis, we see every reason for CWP to trade at NTA and potentially at a premium, were the housing cycle to gain steam through FY25/26.

Morgans has an add rating and $5.60 price target on its shares. This implies potential upside of 20% for investors from current levels. In addition to this upside, the broker is forecasting a 4.3% dividend yield from its shares.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX stock that could be a buy according to Morgans is youth fashion retailer Universal Store. The broker likes the company due to its growth opportunities and resilient target market. It said:

Our positive view about the fundamental long-term appeal of Universal Store as a retail proposition and investment opportunity is undiminished. The growth opportunities are in place. Universal Store’s women’s banner Perfect Stranger is performing well, justifying an acceleration in its network expansion; the prospect of building out the wholesale distribution channels acquired with CTC is compelling; and customers continue to respond well to the Universal Store banner, rendering its plan to grow this network to more than 100 stores more than reasonable. Although its core youth customers are far from buoyant, they continue to spend.

Morgans has an add rating and $6.50 price target on its shares, which suggests potential upside of 20%. Making the deal even sweeter for investors is that the broker believes this ASX stock will provide a fully franked ~5% dividend yield.

The post Morgans says these ASX stocks can rise 20% (and pay big dividends!) appeared first on The Motley Fool Australia.

More reading

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• 5 ASX dividend shares to buy next week

Motley Fool contributor James Mickleboro has positions in Universal Store. 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.

There are plenty of ASX 200 dividend stocks to choose from, but which ones could be in the buy zone?

Three that analysts have recently named as buys are listed below. Here’s what they are saying about them:

Deterra Royalties Ltd (ASX: DRR)

Morgan Stanley thinks that Deterra Royalties could be an ASX 200 dividend stock to buy.

It is a mining royalty company with a range of operations, including its cornerstone asset Mining Area C in the Pilbara region of Western Australia.

The broker is feeling positive about the company’s outlook thanks to favourable commodity prices. So much so, it is one of its favourites in the mining sector right now.

It also believes Deterra Royalties is well-positioned to pay some big dividends in the near future. It is forecasting fully franked dividends per share of 32.7 cents in FY 2024 and 39 cents in FY 2025. Based on the current Deterra Royalties share price of $4.84, this will mean dividend yields of 6.75% and 8%, respectively.

Morgan Stanley has an overweight rating and $5.60 price target on its shares.

Inghams Group Ltd (ASX: ING)

Over at Morgans, its analysts think that Inghams could be an ASX 200 dividend stock to buy this week. It is Australia’s leading poultry producer and supplier.

The broker likes the company due to its market leadership position, favourable consumer trends, and attractive valuation. In fact, in respect to the latter, the broker feels that Ingham’s shares are actually “undervalued” at current levels.

Morgans is also expecting some generous dividend yields in the near term. Its analysts are forecasting fully franked dividends of 22 cents per share in FY 2024 and then 23 cents per share in FY 2025. Based on the current Inghams share price of $3.79, this equates to yields of 5.8% and 6.1%, respectively.

The broker has an add rating and $4.40 price target on its shares.

Suncorp Group Ltd (ASX: SUN)

Finally, Goldman Sachs thinks that Suncorp could be a top ASX 200 dividend stock to buy. It is one of Australia’s largest insurance companies.

The broker believes that Suncorp is well-positioned thanks to tailwinds in the general insurance market. It expects this to underpin fully franked dividends per share of 78 cents in FY 2024 and 83 cents in FY 2025. Based on the current Suncorp share price of $16.31, this will mean dividend yields of 4.8% and 5.1%, respectively.

Goldman has a buy rating and $17.54 price target on the company’s shares.

The post 3 ASX 200 dividend stocks for investors to buy appeared first on The Motley Fool Australia.

More reading

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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 Goldman Sachs Group. 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.

There are plenty of ASX growth shares for investors to choose from on the local market.

But which ones could be top options for investors in May? Let’s take a look at a couple that are highly rated by analysts. Here’s what they are saying about them right now:

IDP Education Ltd (ASX: IEL)

Goldman Sachs remains very positive on this language testing and student placement company and sees it as an ASX growth share to buy.

Its analysts don’t appear overly concerned by the short term headwinds that IDP Education is facing. Instead, they are focusing on the long term, which the broker believes is extremely positive. Goldman explains:

With valuation near all-time lows (25x P/E vs 45x historically), and share px -17% in the last month, we would argue the market has priced these cuts already given VA Consensus is relatively flat. We are nearing the base for FY25E earnings and are now capitalising what we see as trough earnings/growth at a historically low multiple. IEL’s structural growth outlook and business quality remain unchanged in our view, and we reiterate Buy.

Goldman currently has a buy rating and $26.60 price target on IDP Education’s shares.

NextDC Ltd (ASX: NXT)

The data centre market certainly is a great place to be right now. That’s because the artificial intelligence (AI) boom is accelerating demand for data centre capacity.

A testament to this was NextDC’s recent capital raising. It raised $1.3 billion from investors in April to accelerate “the development and fit out of NEXTDC’s leading digital infrastructure platform in its core Sydney and Melbourne markets to meet unprecedented growth in customer demand and position itself to take advantage of ongoing market expansion over the medium term.”

It is thanks partly to this demand that Morgans thinks that the company is an ASX growth share to buy right now. It explains:

NXT should deliver another good set of results in FY24 with some upside risk to guidance, in our view. Structural demand for cloud and colocation remains incredibly strong. NXT’s new S3 and M3 data centres are now open. Consequently, we expect significant new customer wins over the next six-to-twelve months (including CSP options being exercised). Sales should drive the share price higher. NXT looks comfortably on-track to generate over $300m of EBITDA in the next three to five years.

Morgans currently has an add rating and $19.00 price target on NextDC’s shares.

The post 2 highly rated ASX growth shares to buy before it’s too late appeared first on The Motley Fool Australia.

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