Category: Stock Market

The stock market can be a great place to find ASX dividend shares that could be excellent ideas for long-term passive income.

The ASX has plenty of blue chips that pay dividends, such as Commonwealth Bank of Australia (ASX: CBA) and BHP Group Ltd (ASX: BHP). However, I’m not sure how much growth they will be able to achieve due to their very large size.

If I were given $5,000 to invest in businesses for investment income, I know three of the ones that I’d likely choose.

Rural Funds Group (ASX: RFF)

Rural Funds is a real estate investment trust (REIT) that owns a diversified farm portfolio across almonds, macadamias, cattle, vineyards, sugar, and cotton.

The business has a goal of increasing its distribution by (at least) 4% each year for shareholders. I think that’s solid income growth for investors.

It owns a large number of water entitlements for tenants to use, which diversifies the asset base and protects tenants in drier weather.

Higher interest rates could have negative effects on the business. However, the Rural Funds share price has dropped by around 30% over the last year, which offsets the potential downsides of the much higher interest rates.

I think farmland will be an important asset for a long time to come and can help fund growing passive income. At the current Rural Funds share price, it has an FY23 distribution yield of 6%.

Wesfarmers Ltd (ASX: WES)

Wesfarmers is one of the largest retailers in the country, with a number of recognisable names in its stable of brands including Bunnings, Kmart, Target, Officeworks, Catch, and Priceline.

The business has the intention to grow its passive dividend income for shareholders over time. I think Wesfarmers can continue to grow earnings as it expands its businesses with bolt-on acquisitions. For example, it acquired Beaumont Tiles to boost its Bunnings business.

I’m particularly impressed by the growth of scale and earnings of Wesfarmers’ chemicals, energy and fertiliser business called WesCEF. This segment is currently working on the Mt Holland lithium project, which would diversify earnings further.

According to Commsec, Wesfarmers could pay a grossed-up dividend yield of 5.25% in FY23.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Soul Pattinson is one of the oldest companies on the ASX, listed for around 120 years.

I think this business is one of the most effective ASX dividend shares for passive income because of its diversified investment portfolio. It’s spread across sectors including telecommunications, resources, financial services, agriculture, property, structured debt, and so on.

This business has grown its annual ordinary dividend every year since 2000 – the longest dividend growth streak on the ASX.

It pays out some of its investment cash flow each year as dividends. With the rest, it pays for its expenses and re-invests into more opportunities.

Excluding special dividends, Soul Pattinson has a trailing grossed-up dividend yield of 3.6%.

The post How I’d invest $5,000 today for long-term passive income appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• How I’m building more passive income to retire early
• Big Wednesday: 12 ASX 200 stocks cracking new 52-week highs
• Why did the Wesfarmers share price just smash a new 52-week high?
• 5 steps to making $500 in monthly passive income in 2023
• Buy NAB and this excellent ASX 200 dividend share for passive income: brokers

Motley Fool contributor Tristan Harrison has positions in Rural Funds Group and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Rural Funds Group, Washington H. Soul Pattinson and Company Limited, and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/q4v0uyY

The Western Mines Group Ltd (ASX: WMG) share price is rocketing higher again on Thursday.

In morning trade, the nickel explorer’s shares are up 65% to a record high of 52 cents.

This means the Western Mines share price is now up a whopping 320% over the last two trading sessions.

Why is the Western Mines share price rocketing higher?

Investors have been scrambling to buy the company’s shares since it announced the discovery of a significant nickel system at the Mulga Tank Ni-Cu-PGE Project on Wednesday.

As we covered here, assay results from the MTD023 deep hole revealed multiple broad intersections of nickel sulphide mineralisation. In addition, the company notes that there were elevated levels of nickel and sulphur, in combination with highly anomalous copper and platinum group elements, which is considered strong evidence for an extensive “live” magmatic sulphide mineral system.

Western Mines Group then followed this up with another promising announcement this morning.

According to the release, initial aqua regia testwork results have been positive. The company compared two different methods of testing: one that breaks down most minerals (four acid) and one that only dissolves certain minerals (aqua regia).

The results of the comparison testwork suggests a high percentage of nickel in sulphide form versus silicate nickel, with intervals from all holes showing better than 97% similarity in results.

Management believes that these results offer encouragement to conduct further metallurgical beneficiation testwork to demonstrate the recovery of nickel sulphide into a high-grade saleable concentrate.

Western Mines Group Managing Director, Dr Caedmon Marriott, said:

This basic comparison testwork attempts to further confirm the disseminated nickel mineralisation at Mulga Tank and prove that it is hosted in potentially recoverable sulphide form – these very positive results clearly demonstrate it is.

We’re conscious of exploring by economics and deliberately selected shallow intervals found in the top few hundred vertical metres that could be amenable to large scale open pit scenario. These intervals appear laterally continuous between holes MTD012, MTD022 and MTD023 over some 1.6km – though a lot of further drilling is required to confirm this. Upcoming hole MTP024 will also attempt to step out halfway between the broad intersections of mineralisation seen in holes MTD023 and MTD020 in the southeast corner of the body and hopefully really highlight the scale of the system.

The post Here’s why the Western Mines share price is surging another 65% on Thursday appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Guess which ASX mining share is exploding 270% today on a ‘significant’ discovery

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.

from The Motley Fool Australia https://ift.tt/roDElLG

S&P/ASX 300 Index (ASX: XKO) battery stock Talga Group Ltd (ASX: TLG) is rocketing a whopping 18.2% this morning.

Its gains come on exciting news of the company’s Swedish graphite operations – designed to feed its planned battery anode manufacturing plant.

The Talga share price is launching higher to trade at $1.915 at the time of writing. Earlier today, it hit the $2.00 mark, a gain of 23.5%.

Let’s look a why the market is powering up the ASX 300 battery stock on Thursday.

What’s going on?

Shares in Talga are soaring today after the company revealed its Nunasvaara South natural graphite mine has received a major tick of approval.

The mine was granted an environmental permit, including a Natura 2000 permit, from the Swedish Land and Environment Court yesterday.

Talga managing director Mark Thompson commented on the “key approval”, saying:

[This is] a major step in Talga establishing its Swedish natural graphite anode production.

We look forward to continued engagement with all stakeholders as we progress towards mining this strategic resource for use in sustainable European battery production.

Yesterday’s court decision is subject to a three-week period in which appeals can be lodged. The company now expects the Swedish Mining Inspectorate to make a decision on its Nunasvaara South exploitation concession application.

Production from the Nunasvaara South graphite mine is intended to go to the ASX 300 company’s planned 19,500 tons per annum battery anode manufacturing plant.

The plant is subject to a separate permitting process. If all goes well, early works could kick off at the refinery site early in the second half of 2023.

Talga is currently in advanced negotiations for supply agreements with multiple European battery makers for its graphite anode products.

It’s also in discussions with several financial institutions for funding for the Vittangi Anode Project.

Talga share price outperforms ASX 300

The Talga share price has outperformed the ASX 300 in recent months.

Today’s gains included, the stock has gained 36% so far this year. Meanwhile, the index has risen 4%.

Looking further back, the battery stock has gained 19% over the last 12 months while the ASX 300 has dumped 4%.

The post Guess which ASX 300 battery stock is soaring 18% on a ‘key approval’ appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here’s why the Western Mines share price is surging another 65% on Thursday
• Why has the Arafura share price just been halted?
• Analysts name 2 high yield ASX dividend shares to buy today
• What’s the forecast for the Bank of Queensland share price?
• 24% yield! Should I buy New Hope shares before they go ex-dividend?

Motley Fool contributor Brooke Cooper 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.

from The Motley Fool Australia https://ift.tt/Vupr0K8

The Arafura Rare Earths Ltd (ASX: ARU) share price won’t be going anywhere on Thursday.

That’s because, this morning the rare earths developer requested that its shares be placed into a trading halt pending the release of an announcement.

Due to the Easter break, Arafura Rare Earths has asked for its shares to remain halted until Tuesday 11 April.

That’s unless it makes its announcement today. If that were to occur before the market close, the company’s shares would return to trade later this session.

What is the announcement?

It can be quite nerve-wracking when a company requests a trading halt. Will it be good news or will it be bad news?

Pleasingly, Arafura Rare Earths has provided just enough information for us to know that a positive announcement is coming. This may bode well for the Arafura share price when it returns to trade.

Here is what the company said in its request for a trading halt:

The Company is seeking a trading halt pending an announcement to the market regarding the execution of a binding offtake agreement.

An offtake agreement is an agreement between two parties for one of them to buy a portion of the other’s production.

Prior to today, the company had binding offtake agreements in place with Hyundai and Kia for 1,500 tonnes per annum (tpa) of NdPr Oxide from its Nolans Project.

In addition, it was in contract negotiations with end users in Japan and Europe for 2,375 tpa and advanced offtake discussions with end users in Europe and the United States for 2,600 tpa.  One of these parties is GE according to a recent presentation.

Investors will have to sit tight and wait for further information either later today or after Easter. But, whatever is announced, it looks likely to be great news for Arafura shareholders.

The post Why has the Arafura share price just been halted? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Arafura stock sell-off continues, broker tips 35% upside
• Why Atlantic Lithium, Arafura, Brainchip, and Core Lithium shares are falling
• Tesla-induced sell-off of ASX rare earths shares like Lynas overblown: experts
• Why Arafura, Myer, Volpara, and Xero shares are zooming higher
• Are Arafura shares still a buy if Tesla ditches rare earths?

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.

from The Motley Fool Australia https://ift.tt/IqdTSbD

If you’re looking for ASX dividend shares to buy, then you may want to check out the two listed below.

Both have recently been named as buys by analysts and tipped to offer big dividend yields. Here’s why they rate them highly this month:

Charter Hall Retail REIT (ASX: CQR)

The first ASX dividend share to look at is Charter Hall Retail. It is a supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company.

Citi is positive on the company, noting that it has “defensive net property income growth despite rising interest rate profile.” Another positive is that the broker highlights that “CQR’s convenience retail and convenience long WALE portfolio is effective at passing through higher inflation.”

The broker currently has a buy rating and $4.50 price target on its shares.

As for dividends, Citi is expecting the company to pay dividends of 26 cents per share in both FY 2023 and FY 2024. Based on the current Charter Hall Retail share price of $3.76, this will mean very generous 6.9% yields for investors.

South32 Ltd (ASX: S32)

Another ASX dividend share that has been named as a buy is South32. It is one of Australia’s largest diversified miners. It produces a range of commodities including aluminium, copper, manganese, and nickel.

Morgans is positive on South32 and has an add rating and $5.60 price target on its shares.

The broker sees “attractive long-term value potential in S32 from de-risking of its growth portfolio, the potential for further portfolio changes, and an earnings-linked dividend policy.”

Its analysts expect this to underpin fully franked dividends per share of 17 cents in FY 2023 and 22 cents in FY 2024. Based on the current South32 share price of $4.27, this will mean yields of 4% and 5.15%, respectively.

The post Analysts name 2 high yield ASX dividend shares to buy today appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• The slimmer South32 dividend is being shelled out today. Here’s the lowdown
• 5 things to watch on the ASX 200 on Thursday
• Buying South32 shares for the dividends? Read this first
• 2 ASX 200 mining shares just upgraded by Macquarie, one with 20% upside
• Buy BHP and this ASX 200 mining share now: analysts

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.

from The Motley Fool Australia https://ift.tt/sTmKZR6

The Bank of Queensland Ltd (ASX: BOQ) share price has been having a tough time again in 2023.

Since the start of the year, the regional bank’s shares have lost 6% of their value.

This means the Bank of Queensland share price is now down almost 25% since this time last year, as you can see on the chart below.

Where next for the Bank of Queensland share price?

Goldman Sachs has been running the rule over Bank of Queensland ahead of its half-year results release later this month.

And while the broker believes the Bank of Queensland share price has the potential to rise meaningfully from current levels, it isn’t confident enough to recommend it as a buy.

According to the note, the broker has retained its neutral rating with a $7.21 price target. The latter implies potential upside of 11% over the next 12 months.

Goldman is also forecasting a fully franked 7.5% dividend yield in FY 2023, making the total potential return an even more attractive 18.5%.

What did the broker say?

Goldman has retained its neutral rating on the Bank of Queensland share price due largely to its belief that the bank will underperform peers with its net interest margin (NIM). It explained:

We are Neutral rated on BOQ given: despite valuation support, we believe its NIM leverage will ultimately underperform peers and its expenses will remain under pressure given the current inflationary environment and headwinds from running legacy systems along with building its new digital bank, which we expect could somewhat offset ME Bank synergies and restructuring benefits.

What about its results?

On 20 April, Goldman expects Bank of Queensland to release its half-year results and post a 7.3% decline in cash earnings to $244 million. This is notably lower than the consensus estimate of $271 million.

The broker expects this to lead to the regional bank paying a fully franked interim dividend of 24 cents per share. Once again, this is short of the consensus estimate of 25 cents per share.

The post What’s the forecast for the Bank of Queensland share price? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 7 ASX dividend shares you can buy for under $10
• Guess which ASX 200 bank stock UBS says is the most over-priced right now
• ASX 200 bank stocks: ‘No different’ or ‘extremely strong’?
• Bendigo Bank shares worst of the ASX 200 banks following UBS downgrade
• Down 10% in a month, what’s going on with the Bank of Queensland share price?

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.

from The Motley Fool Australia https://ift.tt/lZaUK0I

The ASX coal share New Hope Corporation Limited (ASX: NHC) is about to go ex-dividend and then pay a very large dividend. Is it time to buy this business for passive income?

Energy prices jumped higher after the Russian invasion of Ukraine. This has helped increase New Hope’s profit, which is then being translated into bigger dividends for shareholders.

It’s not as though New Hope is paying out all of its profit as a dividend. The business is valued at such a cheap valuation that it represents a very high dividend yield.

How large is the dividend yield?

For the FY23 half-year result, New Hope’s board decided to declare that the interim dividend would be 40 cents per share. That was an interim dividend of 30 cents per share and a special dividend of 10 cents per share. The total dividend of 40 cents per share was an increase of 33% year over year.

This dividend was funded by a 95% increase in the earnings per share (EPS) to 77.5 cents. This means the dividend payout ratio is only 51.6% of the profit.

In terms of the dividend yield, the 40 cents per share represents a grossed-up dividend yield of 9.5% because it’s fully franked. Excluding the franking credits effect, the cash dividend yield is 6.7%.

The ex-dividend date is 17 April 2023, while the payment date is 3 May 2023. Investors still have a bit of time to grab shares, if they want to.

Is the New Hope share price a buy?

I think investors need to be careful about the idea of investing in a business for a dividend yield when there’s a danger that the New Hope share price could fall and offset a lot, or all, of the dividend income received.

New Hope’s share price has held onto most of the gains as energy prices remain high enough for the company to keep making a lot of profit. We just don’t know how long energy prices are going to stay as high as they are.

According to Commsec, New Hope shares are only valued at less than 5 times FY23’s estimated earnings with a potential grossed-up dividend yield of 23.8%, which is almost 24% in the space of just over half a year (with the payment of this dividend and the FY23 final dividend).

One of the tricky things is that coal is coming under increasing pressure in the Western world and a lot of investors don’t want any exposure to coal miners. I don’t think it’d seem so cheap without that ESG investing exclusion.

For me, while the dividend yield is high, I don’t think it’s worth buying today because the New Hope share price has already shot higher. I prefer to buy cyclical businesses when they’re at a low point. I would also prefer to invest in a business that has a positive long-term growth outlook in terms of demand.

New Hope share price snapshot

The coal miner has gone up by around 3% since the start of the year.

The post 24% yield! Should I buy New Hope shares before they go ex-dividend? appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the top 10 ASX 200 shares today
• Directors have bought more than $1.6m of New Hope shares in a week. Should you buy?
• Passive income: Broker says buy this ASX 200 share for an 18% dividend yield
• 3 dividend stocks with the biggest ASX 200 yields. Time to buy?
• How I’d invest $20k in ASX 200 shares to earn a second income of $140 a month

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.

from The Motley Fool Australia https://ift.tt/TZLSh4y

It is a good day to be a South32 Ltd (ASX: S32) shareholder.

That’s because today is the day that the mining giant will be rewarding them with a dividend payment.

The South32 dividend

In February, South32 released its half-year results for the six months ended 31 December.

Unfortunately, it wasn’t a great six months for the miner due to weaker commodity prices and inflationary pressures on costs.

This saw South32 report an 8% decline in revenue to US$3.7 billion and a sizeable 27% reduction in its underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) to US$1.36 billion.

As you might expect, this had an impact on its interim dividend. The South32 board elected to cut its dividend by almost 44% to 4.9 US cents per share. This equates to 7.3 Australian cents at current exchange rates.

And based on the current South32 share price of $4.27, this represents a 1.7% dividend yield.

What’s next?

The good news is that analysts are expecting the South32 dividend to recover strongly in the coming years.

For example, according to a note out of Citi, its analysts are forecasting fully franked dividends per share of 27 cents in FY 2023, 32 cents in FY 2024, and 35 cents in FY 2025. This will mean yields of 6.3%, 7.5%, and 8.2%, respectively.

In addition, Citi believes there’s plenty of room for the South32 share price to push higher from current levels.

Its analysts have a buy rating and $5.05 price target on them. This implies potential upside of 18% for investors over the next 12 months.

All in all, this could make South32 a top option for income investors that are looking for exposure to the mining sector.

The post The slimmer South32 dividend is being shelled out today. Here’s the lowdown appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• 5 things to watch on the ASX 200 on Thursday
• Buying South32 shares for the dividends? Read this first
• 2 ASX 200 mining shares just upgraded by Macquarie, one with 20% upside
• Buy BHP and this ASX 200 mining share now: analysts
• Analysts say these ASX dividend shares can boost your passive income

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.

from The Motley Fool Australia https://ift.tt/igcA175

Analysts at Liberum Capital have listed ASX lithium stock Atlantic Lithium Ltd (ASX: A11) among the resources shares they are positive about for the future.

The Atlantic Lithium share price has dropped nearly 13% in the year to date. In Wednesday’s trade, the company’s share price finished flat at 54 cents.

Let’s take a look at the outlook for this ASX lithium stock.

What’s ahead?

Atlantic Lithium is exploring lithium at the Ewoyaa project in Ghana, West Africa. The company is aiming to take the project to production. Ewoyaa is funded via a deal with Piedmont Lithium Inc (ASX: PLL).

Atlantic Lithium says it is aiming to produce a “sustainable lithium supply” to support the global transition to a carbon-neutral future.

Recently, analysts at Liberum Capital named the share on its “preferred list”, the Australian Financial Review reported.

Among multiple global resources companies named by Liberum, Emmerson Resources Ltd (ASX: ERM) also made the cut.

However, among its “least preferred shares” were BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO).

Commenting on the commodities sector, Liberum said:

We expect most commodity prices to slide from their post-lockdown reflation highs towards fundamentally supported levels.

General demand growth across metals-energy steel remains broadly intact – and likely to remain so this year. Supply growth continues to slow, in response to the collapse in the sector’s capex cycle.

On Wednesday, Atlantic released an investor presentation to the market. Atlantic’s mineral resource estimate at the Ewoyaa mine is 35.3 Mt at 1.25% lithium oxide.

The company has a cash balance of $19.1 million as of 31 December.

Share price snapshot

The Atlantic Lithium share price has slid nearly 7% in the last 12 months. However, in the past week, it has climbed nearly 15%.

For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has descended about 5% in the past year.

This ASX lithium stock has a market capitalisation of about $327 million based on its last closing price.

The post Here’s a top ASX lithium stock pick from a ‘commodity bear’ appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Why Atlantic Lithium, Pushpay, St Barbara, and Temple & Webster shares are rising
• Guess which ASX lithium share just rebounded 15%
• Why Atlantic Lithium, Life360, Neuren, and Whitehaven Coal shares are charging higher
• Why Atlantic Lithium, Arafura, Brainchip, and Core Lithium shares are falling
• Why Atlantic Lithium, CBA, Piedmont Lithium, and Pilbara Minerals shares are dropping

Motley Fool contributor Monica O’Shea 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.

from The Motley Fool Australia https://www.fool.com.au/2023/04/06/heres-a-top-asx-lithium-stock-pick-from-a-commodity-bear/

Do you want a passive income boost? If you do, then the ASX dividend shares listed below that brokers rate as a buy could be the way to do it.

Here’s why these could be dividend shares to buy now:

Pilbara Minerals Ltd (ASX: PLS)

The first ASX dividend share that could be a buy is Pilbara Minerals.

This lithium miner has been named as a buy by analysts at Macquarie, who remain positive on the company despite recent weakness to spot lithium prices.

In fact, the broker is expecting Pilbara Minerals’ earnings to be strong enough to underpin some big dividends. It is forecasting fully franked dividends per share of 41 cents in FY 2023 and 30 cents in FY 2024. Based on the latest Pilbara Minerals share price of $3.73, this equates to yields of 11% and 8%, respectively.

Macquarie also sees huge upside for the company’s shares with its outperform rating and $7.70 price target.

Transurban Group (ASX: TCL)

Another ASX dividend share for income investors to consider is Transurban.

Transurban is a leading toll road operator with a portfolio of important roads in Australia and North America, as well as a significant project pipeline.

After a tough time during the pandemic, Transurban’s road are booming again. The company revealed that during the first half, it achieved record traffic volumes with average daily traffic (ADT) exceeding 2.5 million trips for the first time in November.

Citi is expecting more of the same in the second half and has put a buy rating and $16.00 price target on its shares.

In addition, the broker is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.56, this will mean yields of 4% and 4.1%, respectively.

The post Buy Pilbara Minerals and this ASX dividend share: analysts appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why are ASX 200 lithium shares having such a miserable week?
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why was the Pilbara Minerals share price sold off in March?
• Here are the 3 most heavily traded ASX 200 shares on Monday

from The Motley Fool Australia https://ift.tt/p6b0drx