Category: Stock Market

S&P/ASX 200 Index (ASX: XJO) shares are down 0.5% to 8,657.8 points on Tuesday.

The US and Iran have launched missile strikes against each other in the Strait of Hormuz as the US tries to restore shipping.

Renewed military action after four weeks of ceasefire has sent oil prices higher, with no end in sight for the war in Iran.

Meanwhile, the Reserve Bank has just announced a third consecutive interest rate rise, taking the cash rate to 4.35%.

Among the 11 market sectors today, energy is in the lead, up 1.3%, while materials is the laggard, down 0.9% today.

Meanwhile, three experts give us their views on three ASX 200 shares.

Let’s check them out.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is $66.76, down 0.3% today and up 50% over six months.

Morgans maintained an accumulate rating on the diversified miner after reviewing its 3Q FY26 report.

The broker also increased its price target from $68 to $71.

Morgans said:

Strong 3Q26 beat against expectations led by Onslow and lithium. FY26 guidance upgraded marginally across Mining Services, Onslow, Wodgina and Mt Marion.

Diesel headwinds are emerging but remain contained.

No supply risk currently but cost inflation is apparent. Compelling outlook supported by continued deleveraging and commodity prices.

Iluka Resources Ltd (ASX: ILU)

The Iluka Resources share price is $8.10, down 2.2% today and up 30% over six months.

On The Bull this week, Michael Gable from Fairmont Equities revealed a hold rating on the mineral sands producer.

Gable explained:

ILU has traditionally been a producer of mineral sands. It’s expanding into rare earths and is expected to start processing material in 2027.

The market is also starting to take notice, and positioning into this company.

It mostly traded sideways between November 2025 and March 2026, with a major resistance level near $7. It broke above the resistance line in April, leaving buyers back in control.

We expect the share price to move higher from here.

Dyno Nobel Ltd (ASX: DNL)

The Dyno Nobel share price is $3.29, down 1.1% today and up 3% over six months.

Dyno Nobel is an industrial explosives manufacturer operating mainly in the mining and construction industries.

It was formerly the explosives arm of Incitec Pivot, an Australian chemicals group that combined fertiliser and explosives operations.

Over recent years, the group has been moving away from fertilisers to refocus on explosives services, predominantly in the mining sector.

On The Bull, Toby Grimm from Baker Young put a sell rating on Dyno Nobel shares.

Grimm explained:

Strategic execution remains a persistent concern, in our view. Dyno Nobel’s recent decision to exit fertiliser production, amid finalising the sale of its Phosphate Hill asset at a recent time of elevated fertiliser prices, highlight ongoing timing challenges.

According to our analysis, the divestment materially reduces earnings expectations and leaves the business more exposed to rising gas costs, which are likely to pressure margins within its explosives segment.

Given these risks, we see more attractive opportunities elsewhere.

The post Buy, hold, sell: Mineral Resources, Dyno Nobel, Iluka Resources shares appeared first on The Motley Fool Australia.

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• Why Boss Energy, Coles, Evolution Mining, and Mineral Resources shares are charging higher today
• Are Mineral Resources shares a buy in May?

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Navigator Global Investments Ltd (ASX: NGI) shares are back in demand on Tuesday after another update from the company.

At the time of writing, the Navigator share price is up 7.66% to $2.67. By comparison, the broader S&P/ASX All Ords Index (ASX: XAO) is down 0.50% to 8,881 points.

That continues a strong run for the alternative investment manager, with the stock up around 30% over the past month.

It has also climbed about 70% over the past year, putting it among the top performers on the ASX over that period.

Here’s what investors are looking at today.

Fresh support after capital raising update

Navigator’s latest update showed strong support for the institutional part of its raising.

The company said it has completed the institutional part of its fully underwritten 1-for-8.13 accelerated non-renounceable entitlement offer.

It raised about $134 million from institutional investors, with new shares issued at $2.40 each.

That sits below where the stock is trading today, which helps explain the positive reaction.

Demand also looked solid, with eligible institutional shareholders taking up about 99% of their entitlements.

The retail offer is expected to raise another $11 million, taking the total raising to about $145 million if completed as planned.

What the money is being used for

The raising is linked to Navigator’s proposed acquisition of a portfolio of alternative asset manager interests.

The deal has a total consideration of US$195 million and involves net revenue share interests in 17 alternative asset managers connected to Stable Asset Management.

Navigator said the portfolio had US$15 billion in firm-level assets under management at March 2026. It also had US$1.8 billion in ownership-adjusted AUM and US$27 million in CY2025 net portfolio income.

The company said the deal adds scale and diversification across alternative asset managers, while also expanding its relationship with Stable.

The UBS target price lift is also helping sentiment today. The broker has raised its target by 5.6% to $3.80, which sits well above the current share price.

Foolish takeaway

Navigator has a few things working in its favour today.

The capital raise was well supported by investors, the stock is trading above the offer price, and UBS has raised its target price.

Still, I would not ignore how far the stock has already moved. A 70% gain over the past year means expectations are much higher than they were.

Instead, I would be watching whether the acquisition flows through to stronger earnings and continued growth in assets under management.

The post Why this ASX stock just jumped 7% after a 70% run appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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.

At 2:30pm AEDT, the S&P/ASX 200 Index (ASX: XJO) was down 0.5% at 8,651 points in the lead up to the Reserve Bank of Australia’s (RBA) latest interest rate decision.

As you’re likely aware, on 3 February, at its first meeting of 2026, the RBA increased the official cash rate by 0.25% to 3.85%.

On 17 March, with surging energy prices from the then nascent Iran war already stoking inflation higher yet, Australia’s central bank hiked rates by another 0.25%.

That brought the official rate to 4.10%, which was where it stood this afternoon. Right up until the RBA announced another 0.25% increase in the case rate, bringing the official interest rate to 4.35%.

In the minutes that followed the announcement, the ASX 200 tumbled another 0.2% to 8,635 points.

Investor reaction was likely somewhat muted with market expectations of a rate rise today having hit 75%.

Here’s what we know.

ASX 200 slips on third RBA interest rate hike of 2026

The RBA noted that inflation in Australia had already “picked up materially in the second half of 2025” partially driven by greater capacity pressures.

But ASX 200 investors also have the ongoing Iran war to thank for resurgent inflation and today’s interest rate hike.

According to the RBA:

In addition, the conflict in the Middle East has resulted in sharply higher fuel and related commodity prices, which are already adding to inflation. There are early signs that many firms experiencing cost pressures are looking to increase prices of their goods and services. Short-term measures of inflation expectations have also risen.

Investors will also need to deal with the “materially heightened uncertainties” regarding the outlook for Australia’s economy and inflation.

“With the conflict in the Middle East continuing, there are plausible scenarios where inflation is higher and activity lower than envisaged under the baseline forecast.,” the RBA cautioned.

The central bank’s baseline forecast assumes that the Iran war is resolved soon and fuel prices then decline.

The RBA added that it remains focused on its mandate to deliver price stability and full employment.

Eight RBA board members voted to increase interest rates by 0.25%, while one member voted to leave the cash rate target unchanged.

Now what?

With Australia’s official interest rate now back at its 2024 peak, which was then the highest level since 2011, what can ASX 200 investors expect next?

According to eToro lead analyst for APAC Josh Gilbert:

The road ahead beyond May is also important because markets still see another hike in 2026. With the inflation impact from energy not done, especially with the Strait of Hormuz remaining effectively closed and the conflict showing little signs of ending, the upside risks for the rest of the year remain firmly on the table…

The takeaway for portfolios is that boring can be brilliant in this environment. Focus on quality balance sheets and pricing power, because companies that can pass costs through without losing volume are the ones that can hold up best with the current macro backdrop.

The post ASX 200 slides on third consecutive RBA interest rate hike appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX media stock Nine Entertainment Co. Holdings Ltd (ASX: NEC) is pushing higher on Tuesday, rising 2.1% to 96 cents in afternoon trade.

That’s a positive move for a stock that has struggled recently. Nine shares are still down around 14% year to date and have fallen roughly 35% over the past 12 months. The ASX media stock is significantly underperforming the S&P/ASX 200 Index (ASX: XJO), which is up about 7% over the same period.

So, what’s behind today’s lift?

Improving momentum, revenue growth

The gain follows the release of Nine’s third-quarter update. The ASX media stock revealed improving momentum across several parts of the business, particularly in digital and streaming.

For the three months, group revenue from Total Television grew in the low single digits, while audiences rose 8% across total viewers and 10% in the key 25–54 demographic. That suggests Nine is continuing to strengthen its reach, even in a challenging advertising environment.

One of the standout performers was Nine Publishing. Digital subscription revenue jumped 15% during the quarter. It extended its run of double-digit growth into the fourth quarter. This reflects ongoing demand for premium digital content and the company’s shift toward subscription-led models.

Streaming platform Stan also delivered strong results, reporting further EBITDA growth in the second half and maintaining the positive momentum seen earlier in the year.

Completed QMS Media acquisition

Another key development was the completion of Nine’s acquisition of QMS Media. The deal marks a significant step in Nine’s push to diversify beyond traditional media and expand its presence in digital and outdoor advertising.

QMS Media reported revenue growth of around 15% in the third quarter, supported by new contract wins in major markets such as Sydney and Auckland. The business is expected to provide higher-margin revenue streams and strengthen Nine’s overall earnings mix over time.

The update also highlighted early progress in integrating QMS into Nine’s broader platform. Management of the ASX media stock is focused on unlocking synergies and expanding its cross-channel advertising capabilities.

Soft advertising market

Despite these positives, the broader advertising backdrop remains soft. Market conditions are expected to stay challenging heading into the fourth quarter. Economic uncertainty and the absence of the boost seen during last year’s federal election cycle will affect the results.

However, the ASX media stock is continuing to focus on cost control, targeting meaningful reductions in television expenses while still investing in content and technology.

The company is also exploring new revenue streams. Nine is looking at licensing content for corporate AI applications and preparing for potential regulatory changes tied to digital news monetisation.

Foolish Takeaway

Overall, Nine’s latest update suggests its strategic shift toward digital, streaming, and higher-margin segments is starting to gain traction.

While the ASX media stock still faces headwinds, today’s share price rise indicates investors are encouraged by signs of progress, particularly as Nine builds out a more diversified and digitally focused media business.

The post Why is this battered ASX media stock jumping higher today? appeared first on The Motley Fool Australia.

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

Commonwealth Bank of Australia (ASX: CBA) shares are trading in the red again on Tuesday.

At the time of writing, the ASX bank shares are down 0.74% to $170.94 a piece. Today’s slide means the shares have now shed 7% of their value since peaking at an annual high of $183.52, in mid-April.

CBA shares are now up 6% for the year to date and are 2% higher than this time last year.

Now many investors are questioning whether the bank shares will continue slumping. Or could there be more to come later this year?

Is there an upside ahead?

It’s been consensus for some time that the bank’s shares are overvalued relative to its peers, and that its bumper price tag isn’t supported by the bank’s business fundamentals. 

Market Index data shows brokers still rate CBA’s shares as a strong sell. The brokers they tip a potential downside of 24% to an average $129.82 12-month target price, at the time of writing.

TradingView data shows some analysts are even more bullish. Out of 16 analysts 14 have a sell or strong sell rating on the stock. Some think the shares could crash up to 47% to as little as $90 each over the next 12 months.

If analyst predictions are anything to go by, we can assume that the peak has well and truly passed for CBA shares.

But potential upsides and predicted share price targets aren’t the only reason that investors should consider when they’re thinking about selling up their CBA shares.

CBA is a classic passive income stock

Bank stocks are generally considered cyclical rather than classically defensive, but large-scale banking giants like CBA certainly have defensive qualities.

Banking and credit are usually seen as an essential service. This means the sector can remain relatively stable in times of economic volatility.

As a result, banks like CBA are able to record a consistent operational performance and earnings, even when markets are mostly weak. CBA’s latest results announcement was its  unexpectedly-positive half-year FY26 result in mid-February. 

The bank is huge, dominant, and highly profitable, which means investors generally consider it a safe haven when markets are unstable. Scarcity of quality stocks on the ASX also means investors tend to put major players, like CBA, on a pedestal. 

The bank is able to pay a good dividend to its shareholders, too. Its latest payment was a fully-franked $2.35 per share in late-March, which implies a dividend yield around 2.74% at the time of writing.

So, should I sell my CBA shares in May?

It looks like the CBA shares are on the way down. If the crash is as large as the experts expect, the drop could also affect the level of passive income that the bank pays its shareholders. 

Ultimately, selling CBA shares should depend on how many you hold and how long you expect to keep them for. If you rely on dividend payments this should also be taken into account.

Also keep in mind that ASX bank stocks are cyclical so even a near-term decline could rebound in the mid-term. I personally wouldn’t buy into CBA shares right now, but I’d think twice about selling up this month.

The post Should I sell my CBA shares in May? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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.

Owning ANZ Group Holdings Ltd (ASX: ANZ) shares typically means receiving a solid dividend each year, with a sizeable dividend yield.

We’re going to see what analysts are expecting from the ASX bank share in the next couple of years and consider how attractive those payments could be in yield terms.

Of course, there’s more to considering a bank than just its dividend potential. But, the passive income normally plays an important part in the overall returns.

FY26

The ASX bank share recently announced its FY26 half-year result and now analysts have a good view on what the financials (and dividend) could look like over the rest of the 2026 financial year.

Based on the projection on Commsec, owners of ANZ shares are forecast to see an annual dividend per share of $1.68 in FY26.

At the current ANZ share price, that forecast translates into a dividend yield of 4.7% excluding franking credits. With franking credits, it translates into a grossed-up dividend yield of approximately 6%, at the time of writing.

FY27

Owners of ANZ shares may see another increase in the annual dividend per share in the 2027 financial year.

According to the forecast on Commsec, owners of ANZ shares are expected to receive a larger annual payout per share of $1.72 in FY27.

At the current ANZ share price, that works out to be a dividend yield of 4.8% excluding franking credits or 6.1% including franking credits.

Latest dividend payment

In the FY26 half-year result, the bank decided to maintain its dividend per share at 83 cents.

This dividend payment came with the ASX bank share delivering underlying cash profit growth of 14%, while underlying statutory net profit increased 9%.

Despite its underlying loan growth (of 1%), and the current uncertainty in the Middle East and flow on effects of that for inflation and interest rates, ANZ’s provision charge decreased by 7% to $274 million.

If ANZ is able to continue growing its earnings per share (EPS), then it’s very likely the business will be able to afford larger dividend payments for shareholders.

According to the forecasts on Commsec, ANZ’s EPS is projected to rise to $2.54 in FY26 and then increase again to $2.63 in FY27. That means it’s currently valued at 14x FY26’s estimated earnings.

Commsec’s collation of analyst recommendations on the business suggest there are currently six buy ratings, six hold ratings and four sell ratings on the ASX bank share. Therefore, the average rating on the bank is a hold, though slightly leaning more positive than negative.

The post Here’s the dividend forecast out to 2027 for ANZ shares appeared first on The Motley Fool Australia.

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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.

S&P/ASX 200 Index (ASX: XJO) tech shares are 0.9% higher on Tuesday as investors continue to buy the dip.

Or should I say, buy the ‘rout’?

Because that’s what happened to ASX 200 tech shares between 29 August last year and 30 March this year.

Fears over artificial intelligence (AI) drove a 48% fall for the S&P/ASX 200 Information Technology Index (ASX: XIJ) in just seven months.

A strong turnaround for tech shares on the ASX and in US markets began on 31 March.

Since then, the ASX 200 Info Tech Index has risen 20.1% while the Nasdaq Composite Index (NASDAQ: .IXIC) has lifted 21%.

Here are five ASX 200 tech stocks that the experts say we should buy today.

5 ASX 200 tech shares to buy while share prices are down

WiseTech Global Ltd (ASX: WTC)

The Wisetech share price is $46.33, up 6.6% today and up 27% since 30 March.

Wisetech is the fastest rising stock of the entire ASX 200 on Tuesday.

However, the share price of the market’s largest tech company remains 32% down over six months.

Citi reiterated its buy rating on Wisetech shares today.

The broker increased its 12-month share price target from $65.35 to $65.65, implying 40% upside ahead.

Xero Ltd (ASX: XRO)

The Xero share price is $85.78, up 3.4% on Tuesday and up 22% since 30 March.

This ASX 200 tech share is still trading 41% lower over six months.

Morgan Stanley reiterated its buy rating on the accounting services provider with a $130 target last week.

This suggests a potential 51% upside ahead.

NextDC Ltd (ASX: NXT) 

The NextDC share price is $14.07, down 0.07% today and up 27% since 30 March.

This ASX 200 tech share is down 9% over six months.

Citi maintained its buy rating on NextDC shares with a $19.10 target last week, suggesting a 36% upside ahead.

Life360 Inc (ASX: 360)

The Life360 share price is $21.22, down 0.05% today and up 17% since 30 March.

Over the past six months, the family tracking app provider has lost 56% of its market valuation.

Morgan Stanley reiterated its buy rating on Life360 shares with a $30 price target today.

This implies a potential 41% capital gain over the next year.

Megaport Ltd (ASX: MP1)

The Megaport share price is $9.06, up 0.6% today and up 29% since 30 March.

Despite the rebound, this ASX 200 tech share remains down 43% over six months.

Citi reiterated its buy rating with a $15 price target yesterday.

This implies 65% upside ahead for Megaport stock.

The post ASX 200 tech shares rebound 20% in 5 weeks: experts reveal stocks to buy appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of Motley Fool Money. href=”https://www.fool.com.au/”>Motley Fool contributor >Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360, Megaport, WiseTech Global, and Xero. The Motley Fool Australia has positions in and has recommended Life360, WiseTech Global, and Xero. The Motley Fool has a <a href=”https://www.fool.com.au/fool-com-au-disclosure-policy/”>disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Australian supermarket rivals Woolworths Group Ltd (ASX: WOW) and Coles Group Ltd (ASX: COL) have historically been neck and neck when it comes to grocery prices, revenue growth, and even share market performance. 

Here’s the latest out of the two retailers, and what to expect next.

What’s next for Woolworths shares?

At the time of writing, the shares are down 0.5% to $33.71 a piece. The latest drop means the shares have now tumbled nearly 12% since spiking to a multi-year high of $38.15 late last month.

For the year to date, Woolworths shares are still 15% higher, and they’re 4% higher than this time last year.

The supermarket giant’s shares crashed 10% in a day after it posted its third-quarter sales results last week. 

For the 13 weeks to the 5th of April, Woolworths reported total sales of $18.1 billion, up 4.5% from Q3 in FY25. Its Australian Food sales were up 5.9% year on year to $13.8 billion. 

The company said that underlying trading momentum remained solid, but management noted they have seen “some signs of increased customer caution”.

It looks like investors were spooked, and they quickly offloaded their stake in the supermarket giant.

Analysts are mostly neutral on the outlook for Woolworths shares too, implying that the stock isn’t expected to return to its multi-year high seen last month.

TradingView data shows that 12 out of 18 analysts have a hold rating on Woolworths shares, another five have a buy or strong buy rating, and one has a sell rating.

The average target price is $34.81, which implies a 3% upside at the time of writing.

What’s next for Coles shares?

Coles shares are also trading in the red, down 1.6% to $21.66 at the time of writing. The shares are still 1.5% higher for the year to date and 1% lower than 12 months ago.

The supermarket’s shares climbed 2% on Friday last week after the company’s third-quarter sales update, but have slumped by more than 5% since.

For the 12 weeks to 29 March 2026, Coles reported total group sales revenue of $10.7 billion, representing a 3.1% increase on the prior corresponding period.

The company’s key Supermarkets division delivered a standout performance, with sales revenue rising 4% to $9.8 billion. Comparable sales also climbed 3.6%.

One of the key positives from the update was that sales growth was volume-led, rather than being driven by inflation.

Coles advised that this represented above-market growth, highlighting the strength of its customer offer and continued execution.

Its early fourth-quarter results are so far broadly in line with the third quarter, but the retailer warned that it has seen higher supplier cost prices and higher operations costs, including fuel, freight, and packaging. Management said it is actively managing these and will mitigate impacts where possible.

It looks like investors were unsure what to make of the results, with the share price quickly climbing and then reversing.

Analysts are more bullish on the outlook for Coles shares from here, though. TradingView data shows that the majority (12 out of 18) hold a buy or strong buy rating.

The average $23.55 target price implies an 8% upside at the time of writing. Some expect the shares to jump another 17% to $25.50.

Which supermarket giant has the strongest upside?

According to the analyst data, Coles comes out on top.

Coles’ average upside potential share price is 8%, while Woolworths shares have an average upside of 3% over the next 12 months. Analysts are also more bullish on Coles shares, the majority rating the stock as a buy, versus a majority hold rating on Woolworths.

The post Coles vs Woolworths shares: Which supermarket giant has the strongest upside? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Woolworths Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) is having a poor session on Tuesday. In afternoon trade, the benchmark index is down 0.4% to 8,654.8 points.

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

Appen Ltd (ASX: APX)

The Appen share price is down 5.5% to $1.16. This artificial intelligence (AI) data services company’s shares have been under pressure in recent sessions following the release of its quarterly update. Although Appen posted a 9% increase in revenue to $54.8 million, it is still barely profitable at an EBITDA level. In addition, the performance of its Appen Global business may have spooked investors. It reported a 37% decline in revenue to $19.9 million. Appen’s shares are now down 27% since this time last week.

Gentrack Group Ltd (ASX: GTK)

The Gentrack share price is down 34% to $3.20. This has been driven by the release of a trading update from the utilities software company. Gentrack advised that FY 2026 revenue is expected to be between NZ$229 million and NZ$238 million. This is lower than its previous guidance and compares to NZ$230.2 million in FY 2025. However, recurring revenues in FY 2026 are expected to grow by more than 10% to around NZ$174 million. And due to management prioritising growth over short term earnings, it expects full year EBITDA to be between NZ$13.5 million and NZ$20 million. This is sharply lower than FY 2025’s EBITDA of NZ$27.8 million.

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is down 7.5% to $9.56. This morning, the fund manager announced sweeping changes to its global fund. This includes management fees being cut from 1.35% to 0.89% per annum and performance fees being removed. In addition, management of the Magellan Global Fund and Magellan Global Fund Hedged will change to Vinva Investment Management. The company’s CEO, Sophia Rahmani, said: “Today’s announcement reflects our commitment to putting clients first and our insight into client needs today and in the future. We have carefully considered this decision and are prioritising client outcomes whilst at the same time positioning Magellan for long-term growth, with an attractive core global equities offering.”

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is down 4.5% to $6.84. This has been driven by news that Regis Resources has agreed to merge with Vault Minerals Ltd (ASX: VAU). The agreement will see Regis Resources acquire Vault Minerals via a scheme of arrangement for 0.6947 Regis shares for each Vault share held. The Vault Minerals board is unanimously recommending the scheme. This is in the absence of a superior proposal and subject to an independent expert’s endorsement.

The post Why Appen, Gentrack, Magellan, and Regis Resources shares are falling today appeared first on The Motley Fool Australia.

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

Early this year, ASX industrials stock Chrysos Corp Ltd (ASX: C79) rocketed to nearly $10 per share. 

At the time, this represented a 100% rise over a 12-month period. 

This massive jump was influenced by tailwinds in the mining industry. 

However, since then, it has dipped 30% and now sits at roughly $7 per share. 

A new report from Bell Potter suggests this ASX industrials stock could be set to return close to the record high. 

Company overview

Chrysos Corporation is an Australian‑based provider of novel assay services to the global mining industry through its proprietary PhotonAssayTM technology. 

While PhotonAssayTM can be used to detect a wide range of elements, the technology has proven particularly effective for assaying gold and is currently being rolled out across the gold mining industry. 

This effectiveness in the gold mining industry proved profitable in the last 12 months, as it has risen alongside other gold mining shares.

The company recently released a trading update.

This prompted updated guidance from Bell Potter.  

New lease agreements secured

Bell Potter highlighted that C79 has maintained its strong lease win momentum since the FY26 interim result update, securing an additional 5 agreements. 

Total FY26 contracted units stand at 19, taking the backlog to 34 units (up from 30 at the interim result).

Pleasingly, we are seeing new lease agreements with ALS Ltd (ASX: ALQ) the largest geochemistry testing network in the world, as well as additional contracts with relatively newer adopters of the technology (Bureau Veritas and Allied Gold). This is a good sign for industry adoption of PhotonAssay technology.

Bell Potter also noted that revenue is tracking towards the upper end of the $80-90m range (BPe new $90.7m), and EBITDA is tracking towards the upper end of the $20-27m range (BPe new $29.4m). 

Healthy upside for this ASX industrials stock

Based on this guidance, Bell Potter has retained its buy recommendation on this ASX industrials stock. 

However, it has slightly reduced its price target to $9 per share (previously $9.40). 

From today’s share price hovering around $7 per share, this indicates an upside potential of almost 30%. 

PhotonAssay technology adoption continues to accelerate with 19 new lease agreements secured in FY26-to-date (9 units secured in the PcP). The expanded backlog of units to be installed implies an acceleration of deployments in FY27.

The post This ASX industrials stock is tipped to return to near record highs  appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Chrysos. The Motley Fool Australia has positions in and has recommended Chrysos. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.