Category: Stock Market

The S&P/ASX 200 Index (ASX: XJO) continued its upwards trajectory today, posting a 0.44% gain to close at 7,490.4 points. That sees it just 1.8% lower than its all-time high – reached in 2021.

Meanwhile, the market geared up to learn of the latest Australian inflation figures, set to drop tomorrow. Some experts are hopeful the cash-eating measure that wreaked havoc on markets in 2022 peaked in the December quarter, my Fool colleague James reports.

Perhaps in anticipation, the S&P/ASX 200 Real Estate Index (ASX: XRE) posted today’s biggest gain, lifting 1.8%.

Meanwhile, the S&P/ASX 200 Information Technology Index (ASX: XIJ) rose 1.3% following a strong session for the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC). It surged 2% overnight.

On the other hand, the S&P/ASX 200 Financials Index (ASX: XFJ) lost ground on Tuesday, falling 0.25%, dragged down by many of the big four banks.

So, having covered all that, let’s take a gander at today’s 10 top-performing ASX 200 shares.

Top 10 ASX 200 shares countdown

The index’s biggest gains came from the Breville Group Ltd (ASX: BRG) share price today. It soared 7.5% to close at $22.39.

That’s despite no news having been released by the manufacturer of small appliances.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
Breville Group Ltd (ASX: BRG)	$22.39	7.54%
Block Inc (ASX: SQ2)	$114.69	5.7%
Mineral Resources Ltd (ASX: MIN)	$96.28	5.28%
Pilbara Minerals Ltd (ASX: PLS)	$5.08	5.18%
Evolution Mining Ltd (ASX: EVN)	$3.41	4.92%
Liontown Resources Ltd (ASX: LTR)	$1.54	4.76%
IGO Ltd (ASX: IGO)	$15.84	4.49%
South32 Ltd (ASX: S32)	$4.83	4.32%
Sayona Mining Ltd (ASX: SYA)	$0.27	3.85%
Premier Investments Limited (ASX: PMV)	$27.60	3.64%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• I’d buy 100 shares of this ASX lithium stock for $700 a year in passive income
• Move over bank deposits! These ASX 200 mining shares are forecasting yields of over 5%
• 5 ASX 200 shares rocketing to new 52-week highs on Tuesday
• Why Block, Codan, Latin Resources, and Myer shares are storming higher

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

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The Qantas Airways Limited (ASX: QAN) share price has jumped higher since the start of 2023. It has risen by around 8% this year and it’s up 40% over the last six months.

To put that into perspective, the S&P/ASX 200 Index (ASX: XJO) has only gone up by 10% in the last six months. That’s still a good effort.

I think it’s understandable why Qantas shares are performing so well.

The company’s updates have been full of promising updates and financial guidance.

It told investors in November what it was expecting in the first half of FY23. Let’s remind ourselves what was in that update.

Profit upgrade

The ASX airline share told investors that underlying profit before tax is expected to be between $1.35 billion to $1.45 billion. This will help reduce net debt to a range of $2.3 billion to $2.5 billion.

Qantas put this improved performance down to customers continuing to put a high priority on travel ahead of other spending categories. The airline said there are signs that limits on international capacity are driving more domestic leisure demand, benefiting Australian tourism.

However, Qantas did say that fuel costs would remain significantly elevated compared to FY19 and are expected to reach $5 billion in FY23. That’s despite international capacity being at around 30% less than pre-COVID levels.

Debt is falling. It’ll be around $900 million better than expected in the most recent update. That’s due to an acceleration of revenue inflows as customers book flights on Qantas, Jetstar, and partner airlines in the second half and beyond, as well as the deferral of approximately $200 million of capital expenditure to the second half.

Qantas said it’s adding back capacity as quickly as possible in the second half of the year while maintaining operational reliability. However, it did say that it was the most on-time domestic airline in October.

Is it too late to buy Qantas shares?

Investors are able to buy shares whenever they want to, the key question is whether they are good value today.

Commsec numbers suggest the airline could generate 92 cents of earnings per share (EPS) in the 2023 financial year and 97 cents of EPS in FY25. That puts the company at 7x FY23’s estimated earnings and around 6.5x FY25’s estimated earnings.

If earnings recover that strongly to FY25, the projections suggest the business could pay an annual dividend per share of 21 cents. That could be a dividend yield of 3.25%, excluding the effect of franking credits.

Qantas shares could still be quite cheap if its earnings stabilise at the projected level, though it’s not as cheap as it was a few months ago. I believe the business still has further to run over the next year, particularly if the fuel costs keep dropping.

Looking at the recommendations covered by Commsec, there are 12 buy ratings, two hold ratings, and no sell ratings. Goldman Sachs currently has a buy rating, with a target price of $8.20. That implies a rise of around 30% on Tuesday’s closing price of $6.41 over the next year.

The post Up 8% in 2023, is it too late to buy Qantas shares now? appeared first on The Motley Fool Australia.

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More reading

• Qantas share price struggles amid second incident in 2 days
• 3 ASX 200 shares smashing new 52-week highs on Wednesday
• Should ASX 200 investors buy Qantas shares today?
• 5 things to watch on the ASX 200 on Tuesday
• Shareholders rejoice! Qantas share price hits post-market-crash high

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended 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.

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The Australian share market is making another move higher today, bringing returns from the S&P/ASX 200 Index (ASX: XJO) to 7.8% so far this year. Today’s enthusiasm is being felt across ASX energy shares, with the sector’s performance peaking in early afternoon trade.

While the energising segment is on the move, there are a handful of energy companies that are receiving heightened attention on Tuesday. Juiced-up trading volume can be found in several names following the release of their quarterly reports.

Here’s a quick summary of the results.

Drilling down into these ASX energy shares

Warrego Energy Ltd (ASX: WGO)

The $478 million oil and gas explorer released its quarterly cash flow and activities report today for the three months ending 31 December 2022. In response, investors have pushed shares in the ASX energy company up 1.3% to 39.5 cents apiece.

According to the cash flow report, Warrego pulled in $1.26 million in cash receipts from customers during the quarter. However, the company experienced a net operating cash outflow of $4.49 million after expenses.

Notably, Warrego’s made further progress on its host of projects during the quarter while fielding an ongoing takeover war from Hancock Energy and Strike Energy.

Cooper Energy Ltd (ASX: COE)

Next up is Cooper Energy, a $513 million ASX energy share that is on the way down on Tuesday. The market appears to be unimpressed by the company’s figures for the second quarter.

According to its release, Cooper Energy achieved record year-to-date production and revenue. Production increased by 16% to 1.82 million barrels of oil equivalent (MMboe). However, production and revenue fell 16% and 17% respectively in Q2 compared to the prior corresponding period.

Shares in the company are currently 1.54% below yesterday’s closing price, swapping hands at 19.2 cents apiece.

Karoon Energy Ltd (ASX: KAR)

Back to ASX energy shares that are in the green. Karoon Energy has settled 0.22% higher at $2.325 a share in late afternoon trading as the market digests its latest update. Earlier today, it hit a high of $2.38 a share, or 2.6% higher.

The two major positives to take from Karoon’s quarterly are its 62% increase in production — reaching 2.08 MMboe — and its 34% lift in oil sales. The elevated sales helped the ASX energy share secure US$159.2 million in oil sales revenue.

Melbana Energy Ltd (ASX: MAY)

Last but not least is the best performing of the bunch, Melbana Energy. Shares in the small-cap energy company shot 15.6% higher at one stage today, hitting 8.9 cents a share. Melbana shares are currently trading at 8.1 cents each, up 5.2%.

This ASX energy share actually released its quarterly report after the market close yesterday. Although, the report largely covered the status of its Zapato-1st exploration well and its plans for well appraisals.

Today, Melbana revealed independent assessments estimate volumes of 1.9 billion barrels of oil in place at Amistad structure in Block 9. The company will now move to evaluate the quality and performance of this formation.

The post 4 ASX energy shares heating up on quarterly reports today appeared first on The Motley Fool Australia.

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More reading

• Looking to energise returns with this pocket of undervalued ASX shares in 2023
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Why HUB24, Lovisa, Redbubble, and Warrego shares are sinking today
• These two ASX shares are celebrating 2023 by hitting new 52-week highs

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.

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It’s been a rather interesting Tuesday for the S&P/ASX 200 Index (ASX: XJO) so far this session. The ASX 200 had a strong start this morning but soon fell back into red territory just before midday.

However, investors seem to have gotten cold feet about their cold feet, and have now sent the index back up. At the time of writing, the index is comfortably in the green having recorded a gain of 0.41% at present to just under 7,490 points.

But time now to dive deeper into these gyrations. So let’s check out the shares currently at the top of the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Liontown Resources Ltd (ASX: LTR)

Our first horse out the gate today is the ASX 200 lithium stock Liontown. This session has had a notable 15.05 million Liontown shares exchanged on the ASX at this point of the day. We haven’t had any fresh news out of the company so far this week.

So this volume probably comes down to the movements of the Liontown share price itself. The lithium stock has had a very fresh day indeed. It’s currently up a healthy 3.74% at $1.52 a share. This lift puts Liontown up more than 10% so far this week.

Core Lithium Ltd (ASX: CXO)

Core lithium is next up this Tuesday. A fellow ASX 200 lithium share to Liontown, Core Lithium has watched as a decent 16.76 million of its shares have flown around the ASX boards so far today. There’s been no new news out of this company either.

So we can probably lay the blame for the high volumes we see at Core’s volatile trading today. Core Lithium shares are also in the green, albeit not quite as enthusiastically as Liontown’s. The ASX 200 lithium share has gained 0.9% at present to $1.12 a share.

But the company has traded as high as $1.16 and as low as $1.12 today in what has been a bouncy day of trading.

Pilbara Minerals Ltd (ASX: PLS)

Last but certainly not least in terms of trading volumes, we have yet another ASX 200 lithium stock in Pilbara Minerals. This Tuesday has seen a chunky 20.5 million Pilbara shares whiz across the share market as it currently stands.

Once again, investors have been treated to no news whatsoever out of Pilbara this week. So this volume could be a consequence of some love from ASX brokers. As we covered this morning, Morgans has just come out with a bullish rating on Pilbara, predicting even more upside for investors.

Perhaps this is why Pilbara shares have shot up 4.45% today so far to $5.04 each. It’s probably a combination of these factors that is driving the massive volumes we are seeing.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Will Liontown Resources post a profit in 2023?
• ‘Exploration breakthrough’: What’s going on with this ASX 200 copper share today?
• Analyst says Pilbara Minerals share price can keep rising
• ASX 200 lithium share Sayona has surged 38% in 2023. Too late to buy?
• 3 ASX shares to buy in the hottest sector for 2023: Firetrail

Motley Fool contributor Sebastian Bowen 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.

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Stock in S&P/ASX 200 Index (ASX: XJO) coal producer and 2022 dividend winner Coronado Global Resources Inc (ASX: CRN) is tumbling on Tuesday despite the company posting record full-year results and shareholder returns.

The Coronado share price is currently $2.095, 2.1% lower than its previous close.

Coronado share price powers down on earnings update

Here are the key takeaways from the company’s quarterly earnings:

• December quarter revenue reached US$717 million – an 18% quarter-on-quarter fall
• Quarterly run of mine (ROM) coal production lifted 4.4% to 6.7 million tonnes
• Quarterly saleable production came in at 4.3 million tonnes – a 4.4% jump
• Full-year revenue, however, came to a record US$3.57 billion – a 66% increase
• The company also paid a record US$700 million in dividends over 2022
• It ended last year with a US$92 million net cash position and US$434.4 million of liquidity

Coronado says the benchmark index price of Australian coking coal averaged at US$278 per tonne last quarter – up from US$250 a tonne in the September quarter.

Meanwhile, the benchmark index price of US coking coal was US$273 – up from US$259 in the prior quarter.

However, wet weather, inflation, and planned maintenance saw its average mining costs increase 34.5% to US$88.40 per tonne in 2022.

Meanwhile, its capital expenditure more than doubled to US$185.4 million last year as the company worked to improve production rates.

What else happened in the December quarter

The Coronado share price rose 13.7% last quarter while the ASX 200 gained 8.7%.

The company repaid U$72 million of senior secured notes obligations in the December quarter and increased its coal production despite increasingly heavy rainfall at its Australian operation.

It also paid out a 14.1 cent special dividend in December.

What did management say?

Coronado CEO Gerry Spindler commented on the news seemingly weighing on the ASX 200 stock today, saying:

Our record financial results and returns have occurred despite the impacts to production from considerable wet weather conditions in Queensland and global economic circumstances that have driven significantly higher inflation.

Expectations are that weather patterns will improve in 2023 and global inflationary impacts will ease, which should translate to improved production and costs for our business.

However, should these events, which are outside of our control continue, I remain extremely confident in our ability to address all challenges presented to the company and in our ability to continue to provide enhanced value and returns to all shareholders.

What’s next?

The market can expect to hear from the ASX 200 stock on 22 February when it releases its annual report and financial year 2023 guidance.

The company will also boast a new CEO shortly, with current chief operations officer Douglas Thompson taking the reins in May. Meanwhile, Spindler will take on the role of executive chair.

Coronado expects metallurgical coal prices to remain above historical averages in 2023. It will likely be supported by elevated thermal coal prices, the removal of Russian coal from key markets, rising demand for steel, and China’s reopening.

Coronado stock outperforms ASX 200

While the Coronado share price is tumbling today, the stock has outperformed the ASX 200 in recent months.

It has gained 10% so far this year compared to the index’s 7.8% gain.

Coronado shares have also soared 48% over the last 12 months. Meanwhile, the ASX 200 has dropped almost 5%.

The post Record revenue and dividends: Why is this ASX 200 coal stock burning down? appeared first on The Motley Fool Australia.

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More reading

• Why Coronado Global, Mincor, OFX, and Zip shares are dropping today
• Here are the top 10 ASX 200 shares today
• I’d put $97 a week into this ASX 200 share for $1,000 a year in passive income
• Here are the top 10 ASX 200 shares today
• Can ASX 200 coal shares really deliver dividend yields of over 10% in FY24?

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.

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Like most ASX 200 mining shares, Rio Tinto Limited (ASX: RIO) has delighted investors with record dividend payments over the past two years.

After doling out $5.66 in dividends per share in the COVID-ravaged 2020 (which was the second-highest level of dividend payments in Rio Tinto’s history at the time after 2019), the company broke its own record in 2021. That year, Rio Tinto rained a whopping total of $12.77 in dividends per share on investors.

2022 wasn’t quite as lucrative. But investors still enjoyed a total of $10.47 per share last year. That was made up of the March final dividend of $5.77, the March special dividend of 86 cents per share and the August interim dividend of $3.84.

These three dividend payments give Rio Tinto shares a trailing dividend yield of 8.25% on the current Rio Tinto share price of $126.95. Rio Tinto’s dividend payments usually come fully franked too. That means that this dividend yield grosses up to an impressive 11.79% with the value of those full franking credits.

So does this mean investors can expect an 8.25% yield if they buy Rio Tinto shares today?

Are Rio Tinto shares really offering an 8.25% dividend yield right now?

Well, a company’s dividend yield always represents the past, not the future. It assumes that if investors bought Rio Tinto shares today, and the company pays out the same dividends in 2023 as it did in 2022, only then will investors actually get an 8.25% yield.

But a company is never under any obligation to maintain its dividends at a previous level. If iron ore prices collapse in 2023, Rio Tinto could decide to halve its dividends. Then, investors would be looking at a yield with a 4 at the front, rather than an 8.

So you should never buy a divided share based purely on what it paid out last year.

Earlier today, my Fool colleague James looked at what ASX broker Goldman Sachs is expecting from Rio Tinto shares in FY2023. Goldman has pencilled in dividends worth just $6.25 per share this financial year.

If Rio Tinto does hit that mark, it would give its shares a forward dividend yield of 4.92% on the current share price. That is still decent for an ASX dividend share. But it’s not an 8.25% yield.

So if Goldman is right, Rio Tinto doesn’t really have a dividend yield of 8.25% on the table right now. As always, we’ll have to wait and see what Rio Tinto pulls out of its hat. But buying Rio Tinto shares today with an expectation of getting 8 cents back in yield for every dollar you spend could be misplaced.

The post Does Rio Tinto really have an 8% dividend yield right now? appeared first on The Motley Fool Australia.

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More reading

• Move over bank deposits! These ASX 200 mining shares are forecasting yields of over 5%
• Looking to energise returns with this pocket of undervalued ASX shares in 2023
• Should I buy ASX mining shares now or not?
• Top brokers name 3 ASX shares to buy next week
• 3 all-star ASX 200 shares ECP is going all-in on

Motley Fool contributor Sebastian Bowen 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.

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Are you looking for some dividend shares to add to your retirement portfolio?

If you are, then the ASX 200 share listed below could be a top option in the current environment.

Transurban Group (ASX: TCL)

Transurban could be an ASX 200 share to buy for a retirement portfolio.

It is a toll road operator with a portfolio of important roads across Australia and the United States. These include CityLink in Melbourne, the Logan Motorway in Brisbane, and WestConnex in Sydney.

Transurban has been tipped to grow its earnings and dividend at a solid rate over the medium term thanks to population growth, urbanisation, and the time savings its roads offer.

In respect to the latter, Transurban estimates that customers using its roads (compared to alternative routes) saved a total of 323,000 hours of travel time each workday in FY 2022.

Another positive is the company’s favourable exposure to inflation through toll increases and its significant growth pipeline. It is partly for this reason that Citi recently upgraded this ASX 200 share to a buy rating with a $15.70 price target. Citi commented:

With concerns around inflation being more sticky and higher for longer, we believe investors are likely to remain attracted to companies providing protection to rising inflation. We see TCL as being particularly attractive given ~70% of toll revenue is linked to inflation, downside protection to traffic even if we enter a recessionary period (given exposure to urban roads), and inorganic upside from the current and future development pipeline.

Debt costs are rising, but longer debt maturity (c. 8 years) means the full impact will take multiple years to flow through. Despite this, the stock is currently trading inline with long term averages on an EV/EBITDA basis. We therefore upgrade to Buy with a $15.70 target price.

In respect to dividends, the broker is expecting the company to pay dividends of 53 cents per share in FY 2023 and 55.8 cents per share in FY 2024. Based on the current Transurban share price of $13.75, this represents yields of 3.85% and 4.1%, respectively.

The post Expert names a high quality ASX 200 share to buy for your retirement portfolio appeared first on The Motley Fool Australia.

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More reading

• 2 low risk, high quality ASX shares to buy for a retirement portfolio: analysts
• Why I think these 3 ASX 200 dividend shares are top buys for retirement
• I’d listen to Warren Buffett and invest in ASX shares with wide economic moats
• Experts name 2 quality ASX 200 dividend shares for income investors to buy
• Analysts name 2 quality ASX 200 shares for a retirement portfolio

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.

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The S&P/ASX 200 Materials Index (ASX: XMJ) is rising 1.35% today, but one ASX lithium share is soaring far higher.

The Patriot Battery Metals Inc. CDI (ASX: PMT) share price is surging 12.5% today and is currently fetching $1.39.

Let’s take a look at what could be boosting Patriot shares today.

Broker upgrade for this ASX lithium share

Analysts at Macquarie have upgraded the price target on Patriot to $1.60 a share, the Australian Financial Review reported today. This implies a 15% upside, based on the current share price.

Macquarie is impressed with the company’s lithium drilling results at the Corvette Property in Quebec.

Patriot shares have exploded a massive 130% from the initial public offering (IPO) price of 60 cents when the company joined the ASX in early December.

As Motley Fool Australia reported last week, the ASX lithium share recently shared drilling results to the market including the “highest grade lithium intercept to date”.

This included 25m at 5.04% lithium oxide or 5m at 6.36% lithium oxide.

Commenting on Patriot’s drilling at the project, Macquarie said in comments cited by the AFR:

These intersections underpin our view that Corvette is likely to become one of the largest spodumene projects globally, with grades of this nature only in evidence at the world-class Greenbushes mine in Western Australia.

Meanwhile, Patriot has also unveiled changes to its executive management team today. Natacha Garoute has been appointed as the chief financial officer. Dusan Berka has left the CFO position but will remain on Patriot’s board of directors.

Commenting on today’s news, Patriot CEO, company president, and director Blair Way said:

We are very lucky to have been able to attract an executive of the calibre of Natacha to the team. Her broad experience with both TSX and ASX listed companies is perfectly suited to our needs.

On behalf of the Company, I would like to sincerely thank Dusan for his contributions as CFO over the last 10 years. I appreciate his remaining on the board and his tireless support as we grow our company.

Patriot share price snapshot

The Patriot share price has surged 84% in the last month. In the last week, Patriot shares have soared 46%.

For perspective, the S&P/ASX 200 Index (ASX: XJO) has jumped 5% in the last month.

This ASX lithium share has a market capitalisation of about $165 million based on the current share price.

The post Guess which ASX lithium share is soaring another 12% today appeared first on The Motley Fool Australia.

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More reading

• 3 ASX mining shares rocketing more than 18% on Thursday
• ‘Hard to find words’: Why this ASX lithium share is rocketing 22%
• This under-the-radar ASX battery metals share is leaping 15% on Friday. Here’s why

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

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Looking for ASX 200 shares for your portfolio? If you are, then you may want to look at the three buy-rated shares listed below that have been named among Bell Potter’s top picks for 2023.

Here’s what the broker is saying about these ASX 200 shares:

Aristocrat Leisure Limited (ASX: ALL)

Bell Potter is a fan of Aristocrat Leisure, which develops, manufactures and sells gaming content, platforms and systems. The broker believes that it is well-placed for medium term growth thanks to its dominant land-based market position and growing digital business. It commented:

Group revenue consists of land-based gaming (29.0%) involving the placement of gaming machines in customer venues for no upfront cost and then leasing the games/ titles for a recurring revenue stream; land-based outright sales of gaming machines (24.5%); and digital (46.5%) encompassing the monetisation of social casino and casual games/ titles. The group has a dominant position in the North American gaming industry and the land-based operations should underpin medium term growth while the digital business offers opportunities in a rapidly growing market.

CSL Limited (ASX: CSL)

Another ASX 200 share that Bell Potter rates as a buy for 2023 is biotherapeutics giant CSL. It believes the company is well-placed for growth thanks to the Vifor Pharma acquisition, increasing plasma volumes, and new product launches. The broker explained:

A leading global company in the development, manufacture, and distribution of plasma therapies as well as non-plasma biotherapeutic products and influenza related products. The recently completed acquisition of Vifor Pharma will add global leadership in pharmaceutical products for renal disease and iron deficiency. The global growth in plasma volumes is expected to be around a solid 8% per annum for the foreseeable future and, in addition, the group is planning to launch new products from its very extensive Research and Development portfolio.

Goodman Group (ASX: GMG)

Finally, Goodman could be a top ASX 200 share to buy in 2023 according to Bell Potter. This is due to its positive long term growth outlook thanks to the continuing growth in ecommerce and data storage. It commented:

One of the world’s largest integrated industrial property groups with operations centred around development, management and ownership throughout Australia, New Zealand, Asia, Europe, United Kingdom, North America, and Brazil. The long term outlook for industrial and logistics properties is favourable given the continuing growth in ecommerce (or on-line retail sales) and data storage requirements as well as supply chain optimisation and the growing middle class in developing countries.

The post 3 of the best ASX 200 shares to buy in 2023: Bell Potter appeared first on The Motley Fool Australia.

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More reading

• 3 ASX shares to buy in the hottest sector for 2023: Firetrail
• Top ASX growth shares to buy in 2023
• If I invest $10,000 in CSL shares now, what could my return be this year?
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• 3 reasons to buy these top ASX growth shares: experts

Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. 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.

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ASX lithium stocks have exploded in popularity on the ASX over the last two years. Buoyed by hopes that lithium will become the hottest commodity of the 21st century, thanks to its heavy use in electric vehicles and rechargeable batteries, investors have been flooding into lithium shares. 

Just take the Pilbara Minerals Ltd (ASX: PLS) share price. Pilbara Minerals is one of the largest and most popular lithium shares on the ASX. It was a 19-cent stock back in May 2020. But today, Pilbara commands a share price of $5 after going as high as $5.66 last year.

But ASX lithium shares are not known for their dividends. In fact, hardly any of them even pay dividends.

Pilbara Minerals? Nope (although there are rumours this might change in 2023). Core Lithium Ltd (ASX: CXO), Liontown Resources Ltd (ASX: LTR) or Sayona Mining Ltd (ASX: SYA)? Sorry.

But there is one notable exception: Mineral Resources Ltd (ASX: MIN):

The ASX’s only dividend-paying lithium stock?

Unlike most of the companies listed above, Mineral Resources is not a pure-play lithium stock. It has a variety of operations, including iron ore mining and providing crushing and screening services to other miners. But the company has extensive lithium operations too.

It has a 50% stake in the Mt Marion lithium operation in Western Australia, as well as a 40% ownership of the Wodgina lithium operation and Kemerton lithium hydroxide plant, also in WA.

So Mineral Resources is an ASX dividend share. 2021 saw this company pay out two dividends worth a total of $2.75 per share, fully franked. 

Last year, Mineral Resources skipped its interim dividend, but still paid investors a final dividend worth $1 per share. That gives the company a trailing dividend yield of 1.04% today.

That means buying 100 shares, at the present price of $96.40, would have netted an investor $100 in passive dividend income last year.

However, some ASX experts reckon Mineral Resources could turn up its dividend dial in 2023. As my Fool colleague James covered earlier this month, ASX broker Morgan Stanley is predicting that Mineral Resources will be able to fund a total of $6.75 in dividends per share in FY2023.

If that turns out to be the case, our 100 shares would yield total dividends of $675 in FY2023. This would give the company a forward yield of 7% right now. Of course, there is no guarantee that Mineral Resources will fund such a high level of dividends this year.

But if I were seeking a dividend-paying ASX lithium stock for 2023 and beyond, this would certainly be it.

The post I’d buy 100 shares of this ASX lithium stock for $700 a year in passive income appeared first on The Motley Fool Australia.

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More reading

• Move over bank deposits! These ASX 200 mining shares are forecasting yields of over 5%
• 5 ASX 200 shares rocketing to new 52-week highs on Tuesday
• Why a merger between Fortescue and this major-league miner could make sense: expert
• My top predictions for ASX lithium shares in 2023
• My top predictions for ASX 200 mining shares in 2023

Motley Fool contributor Sebastian Bowen 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.

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