Category: Stock Market

The S&P/ASX 200 Index (ASX: XJO) is back on form and charging higher on Wednesday. In afternoon trade, the benchmark index is up 1.75% to 8,630.6 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Dateline Resources Ltd (ASX: DTR)

The Dateline Resources share price is down almost 4% to 43.75 cents. This morning, this gold developer completed a $50 million placement to leading institutional investors. These funds were raised at a discount of 40 cents per new share. Dateline’s managing director, Stephen Baghdadi, commented: “This raise drew strong support from high-quality institutional investors, a clear endorsement of what Colosseum represents. We’re not standing still. Enabling works are already underway and we’re pushing ahead on multiple fronts to make sure the project is ready to move into production quickly when the time comes.”

Karoon Energy Ltd (ASX: KAR)

The Karoon Energy share price is down 3% to $2.00. This is despite there being no news out of the energy producer. However, given there is optimism that the Middle East conflict could soon come to an end, it is possible that investors are expecting oil and gas prices to retreat in the near term.

Lindian Resources Ltd (ASX: LIN)

The Lindian Resources share price is down 13% to 77.2 cents. This has also been driven by a capital raising today. The rare earths developer revealed that it has received firm commitments to raise approximately $100 million via a single tranche placement to institutional investors and strategic critical minerals funds. These funds are being raised at a 15.25% discount of 75 cents per new share. Lindian Resources’ executive chair, Robert Martin, commented: “We are very pleased with the strong level of institutional support received for this Placement, including significant participation from high quality existing and new investors, reflecting Lindian’s growing global profile and the strategic importance of Kangankunde as one of the next rare earths producers to supply emerging global supply chains.”

PEXA Group Ltd (ASX: PXA)

The PEXA share price is down almost 17% to $12.68. This morning, the team at UBS downgraded the property settlement company’s shares to a neutral rating (from buy) and cut its price target to $15.70 (from $17.50). The broker made the move on the belief that risks are skewed to the downside at present.

The post Why Dateline, Karoon Energy, Lindian, and PEXA shares are falling today appeared first on The Motley Fool Australia.

More reading

• How ASX 200 energy shares like Santos, Beach and Woodside surged in March’s sinking market
• This ASX mining stock just banked $50 million. So why are its shares falling?
• 4 ASX 200 energy shares rated buys
• 5 things to watch on the ASX 200 on Tuesday
• Here are the top 10 ASX 200 shares today

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

Rio Tinto Ltd (ASX: RIO) shares are jumping higher again today. At the time of writing, the shares are up 4.7% to $168.92 a piece.

Today’s uptick means the shares are now up 14.4% year to date and 44.3% over the past year.

It hasn’t been smooth sailing for the ASX miner, though. 

The share price spiked at an all-time high of $169.74 in mid-February. 

But then war in the Middle East broke out later in the month, sending shockwaves across markets and reigniting inflation and interest rate concerns. 

It caused Rio Tinto’s share price to crash nearly 15% in the first three weeks of March as investors sold up their ASX shares over fears of commodity price weakness and operational disruptions.

If I bought $7,500 worth of Rio Tinto shares 10 days ago, what are they worth now?

After a sharp investor sell-off, investors have started buying back in and causing a rebound in the share price.

Since reaching a 10-week low of $144.1 per share on the 23rd of March, Rio Tinto shares have surged 16.8% higher to the trading price at the time of writing.

The turnaround means that $7,500 invested in Rio Tinto shares in the dip 10 days ago is already worth $8,760.

Meanwhile, investors who bought $7,500 of shares 12 months ago would be jumping for joy. Today, that investment would be worth $10,822.50.

Why have Rio Tinto shares rebounded?

There hasn’t been any price-sensitive news out of the miner recently to explain the share price recovery. 

But the S&P/ASX 200 Materials Index (ASX: XMJ) fought back last week, posting a 4.6% gain. It seems like investors are taking advantage of the sell-off and are buying in the dip in the hope that Iran and the US will come to an agreement, which will end the war.

The long-term outlook for mining shares is incredibly positive, with some stating that Australia is in the early stages of a new mining boom. This boom is expected to be driven mostly by a transition to green energy, which could support a huge long-term demand for metals. 

At the same time, Western countries want to become more self-sufficient in key resources, manufacturing, and energy supply.

Can we expect more upside ahead?

Analysts are mostly positive about the outlook for Rio Tinto shares over the next 12 months. 

TradingView data shows that seven out of 15 analysts have a buy or strong buy rating on the miner’s shares. Another seven have a hold rating, and 1 a sell rating.

Analysts expect a maximum target price of $190.42, which implies a potential 13% upside at the time of writing. 

The post $7,500 invested in Rio Tinto shares 10 days ago is now worth… appeared first on The Motley Fool Australia.

More reading

• 3 reasons why the Rio Tinto share price could be a buy
• ASX 200 mining shares ride a rollercoaster in March quarter
• Buy, hold, sell: Endeavour, Magellan, and Rio Tinto shares
• Here are the top 10 ASX 200 shares today
• Why are Australian aluminium shares charging higher today?

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.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 1.8% to 8,633.8 points.

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

Arafura Rare Earths Ltd (ASX: ARU)

The Arafura Rare Earths share price is up almost 10% to 30.7 cents. This morning, this rare earths developer announced binding agreements with two cornerstone investors which secure equity subscriptions totalling approximately $230 million. Commenting on the equity subscriptions, Arafura’s managing director, Darryl Cuzzubbo, said: “Today marks a transformational milestone for Arafura and the Nolans Project. The execution of binding equity subscriptions from these two government agencies is a powerful endorsement of the strategic importance of Nolans to western supply chains.”

Eagers Automotive Ltd (ASX: APE)

The Eagers Automotive share price is up 8% to $24.38. This follows the release of an update from the automotive retailer this morning. Eagers Automotive revealed that it has entered into a non-binding term sheet with the owners of Grand Motors Group to acquire 49% of their interest in a portfolio of dealerships located on the Gold Coast and in Metro Sydney. It is a multi-brand dealership group generating consolidated revenue of approximately $490 million for the 12 months ended December 2025.

Life360 Inc (ASX: 360)

The Life360 share price is up 6% to $19.91. Investors have been buying this family safety technology company’s shares on Wednesday following a strong rise by its NASDAQ-listed shares overnight. This was driven by improving investor sentiment amid optimism that the war in the Middle East could soon end. The technology sector is having a particularly strong session. This has seen the S&P/ASX All Technology Index rise 3% today.

Pro Medicus Ltd (ASX: PME)

The Pro Medicus share price is up 3.8% to $121.36. As well as benefiting from a rebound in the tech sector today, this health imaging technology company’s shares have been boosted by an announcement. Pro Medicus revealed that it is undertaking an on-market share buy-back. The maximum number of shares that the company can buy back is 10.45 million, according to the notice. However, due to its current share price, the actual figure will almost certainly be lower than this.

The post Why Arafura Rare Earths, Eagers Automotive, Life360, and Pro Medicus shares are racing higher today appeared first on The Motley Fool Australia.

More reading

• Why are ASX 200 tech stocks like WiseTech and Life360 going gangbusters on Wednesday?
• Which ASX rare earths company’s shares are trading higher on new funding news?
• Why this ASX giant’s shares just hit the accelerator today
• How to invest during an ASX share bear market when you’re worried about prices falling more
• Buy, hold, sell: BHP, CBA, and Pro Medicus shares

Motley Fool contributor James Mickleboro has positions in Life360 and Pro Medicus. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Life360. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool Australia has recommended Eagers Automotive Ltd and Pro Medicus. 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) dropped 7.8% in March, despite the best lifting efforts of most ASX 200 energy shares.

Indeed, from market close on 27 February through to the closing bell on 31 March, the S&P/ASX 200 Energy Index (ASX: XEJ) rocketed a jaw-dropping 18.5%.

Here’s how these top Aussie oil and gas producers fared over the month just past:

• Woodside Energy Group Ltd (ASX: WDS) shares jumped 23.8%
• Santos Ltd (ASX: STO) shares gained 17.8%
• Beach Energy Ltd (ASX: BPT) shares gained 18.2%
• Karoon Energy Ltd (ASX: KAR) shares surged 32.9%

So, why were investors piling into the energy sector in March?

ASX 200 energy share leap on oil price surge

The massive outperformance for ASX 200 energy shares like Woodside and Karoon was driven by a surge in oil and gas prices following the US and Israeli attack on Iran.

On 27 February, Brent crude oil was trading for US$72.50 a barrel, according to data from Bloomberg. On 31 March that same barrel was fetching US$107.50, up more than 48% over the month.

That meteoric increase came as some 20% of the world’s oil supply routes were upended by the war’s essential closure of the Strait of Hormuz, with gas supplies also hit by attacks on Middle East LNG plants.

Atop hoping for share price gains, investors also look to have been buying the ASX 200 energy shares with hopes that surging profits will see them declare supersized dividends later this year.

What else happened with the Aussie energy giants in March?

Beach Energy, Santos and Woodside were among the ASX 200 energy shares to release significant announcements in March.

On 9 March, Beach and Santos announced that they had taken a Final Investment Decision (FID) to proceed with their joint venture Moomba Central Optimisation  (MCO) project, located in South Australia.

Commenting on the decision, which saw Santos shares close up 2.4% on the day and Beach Energy shares gain 1.3%, Beach Energy CEO Brett Woods said:

The MCO project will unlock significant value from the Cooper Basin asset, driven by efficiencies gained from the rationalisation of existing satellite facilities into a new centralised compression facility, and supporting future production growth from the Central Fields.

March also saw Woodside reveal its new CEO, after former CEO Meg O’Neill stepped down in December following four years in the top role.

On 18 March, the ASX 200 energy share reported that Liz Westcott was taking over as CEO and Managing Director, effective immediately.

Westcott had been serving as acting CEO since O’Neill stepped down in December. Before that she served as Woodside’s Executive Vice President and COO, Australia.

The post How ASX 200 energy shares like Santos, Beach and Woodside surged in March’s sinking market appeared first on The Motley Fool Australia.

More reading

• These were the best-performing ASX 200 shares in March
• 5 things to watch on the ASX 200 on Wednesday
• How are these 5 ASX share giants really tracking in 2026?
• Why 4DMedical, New Hope, Santos, and St George Mining shares are dropping today
• 4 ASX 200 energy shares rated buys

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.

March was a tough month for the S&P/ASX 200 Index (ASX: XJO). A broad market selloff led to the benchmark index recording a monthly decline of 7.8%.

While that was bad, some ASX 200 shares posted even greater declines. Here’s why these were the worst-performers on the index last month:

Iperionx Ltd (ASX: IPX)

The IperionX share price was the worst performer on the ASX 200 with a decline of 48.7% in March. Last month, the advanced materials company released its half-year report for the six months to 31 December 2025. IperionX revealed that it recorded a net loss of US$34.8 million for the period. This was much larger than the US$16.2 million loss reported in the prior corresponding period. Despite this heavy decline, IperionX’s shares remain up 30% on a 12-month basis.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price was out of form and sank 35.8% last month. The main catalyst for this was the gold miner downgrading its production guidance for FY 2026 a second time. Northern Star revealed weaker-than-planned milling performance at the KCGM operation and reduced mining productivity across several operating areas. As a result, it now expects FY 2026 production to come in ~1.5 million ounces. This compares to its most recent guidance of 1.6 million to 1.7 million ounces, which was downgraded from 1.7 million to 1.85 million ounces.

Deep Yellow Ltd (ASX: DYL)

The Deep Yellow share price wasn’t far behind with a decline of 33.7%. As well as broad weakness in the uranium industry, this may have been triggered by speculation that the company could soon launch a capital raising. However, Deep Yellow denied this will be the case. It stated: “Deep Yellow Limited notes the media speculation on 4 March 2026 regarding a potential capital raising. In response to the report, Deep Yellow confirms the Company is not undertaking a capital raising at this time.”

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price was a poor performer and tumbled 31.9% in March. This was driven by significant weakness in the gold price during the month. The precious metal came under pressure after surging oil prices sparked fears of rising inflation and higher interest rates. The latter are bad for the gold price as they boost Treasury yields, which reduces the appeal of gold as a safe haven asset.

The post These were the worst-performing ASX 200 shares in March appeared first on The Motley Fool Australia.

More reading

• How to invest during an ASX share bear market when you’re worried about prices falling more
• These were the best-performing ASX 200 shares in March
• 5 things to watch on the ASX 200 on Wednesday
• Paladin Energy shares: Judicial review challenges EIS approval
• AGL Energy gives green light to $490m Kwinana gas project

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.

It’s a strong rebound for James Hardie Industries plc (ASX: JHX) shares on Wednesday.

Shares in the ASX 200 heavyweight have surged 6.9% to $27.91 in early afternoon trade, snapping a weak run that saw the stock fall 17% over the past month. Even after today’s bounce, James Hardie shares remain down around 26% over the past 12 months.

So, what’s driving the rally?

Steep sell-off

There’s no obvious company-specific news behind the move, which suggests something else is at play.

One likely explanation is a classic case of an overdone sell-off.

James Hardie shares have been caught in the broader downturn linked to US housing concerns, but its underlying business remains strong.

This is a company with a genuine competitive moat and pricing power. That is mainly because of its dominant position in fibre cement siding and trim, particularly in the US, where it generates most of its earnings.

Solid earnings surprise

That kind of market leadership doesn’t disappear overnight. In fact, its latest results show the business is still performing well operationally. For the three months to 31 December 2026, net sales jumped 30% to $1.24 billion, while adjusted EBITDA rose 26% to $329.9 million.

There were some weaker points — operating income fell 15% and net profit dropped 52% — but those declines reflect costs and timing factors rather than a collapse in demand.

Outdoor game-changer

Another reason investors may be stepping back in? Growth.

The acquisition of AZEK, a US outdoor living specialist, could be a game-changer. It significantly expands James Hardie’s addressable market beyond siding into decking, railing, and broader exterior products.

In other words, the company is evolving into a more diversified building products platform. This opens the door to new revenue streams and long-term growth.

Softer housing factored in

And then there’s valuation of James Hardie shares.

After a steep pullback from previous highs, James Hardie stocks are no longer priced for perfection. The market has already baked in softer housing conditions and uncertainty around integrating AZEK.

But if US housing stabilises over the next couple of years — and synergies from the acquisition start to flow — earnings could rebound in a meaningful way. That’s what makes today’s setup interesting.

Foolish Takeaway

Investors may be looking at James Hardie shares and seeing a high-quality operator trading at a cyclical discount, rather than at peak optimism.

The bottom line? With no clear news driving the jump, today’s rally looks like a shift in sentiment. After a heavy sell-off, investors may be starting to recognise the underlying strength and long-term potential of this ASX industrial giant.

The post Why are James Hardie shares storming higher today? appeared first on The Motley Fool Australia.

More reading

• Why I’d buy dirt-cheap ASX shares now and aim to hold them for a decade
• How I’d invest $20,000 in ASX shares right now to help build long-term wealth
• Down 40%: 2 ASX 200 blue-chip shares to buy
• I’d listen to Warren Buffett and buy quality ASX shares at fair prices today

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

ASX bank stocks tumbled in March as conflict in the Middle East intensified, inflation figures rose and the Reserve Bank hiked interest rates again.

After strong share price rallies last year, particularly from the big four major banks, there are now concerns that ASX bank shares are overpriced and overvalued.

Now it looks like the sector could be due for a sharp correction.

There is only one ASX bank stock I’d keep in my portfolio right now: Judo Capital Holdings Ltd (ASX: JDO).

Here are a few reasons why.

The ASX bank stock stands apart from the rest

Unlike the major Australian banks, Judo Bank provides tailored financial services and lending to small and medium enterprises (SMEs) with annual turnovers of up to $100 million. 

Its business lending starts at $250,000, and it also offers personal term deposit products and home loans.

The bank has a niche focus in the SME market, an area which is typically underserved by major banks. 

It also tends to earn higher margins on business loans versus the major banks. For example, for the first half of FY26, Judo reported a net interest margin (NIM) on its business loans of 3.03%, and this is projected to increase to 3.15% in the second half of the financial year. Meanwhile, major lender National Australia Bank, reported a NIM of 1.8% in the same period.

Momentum is strong

Judo Bank had a strong start to FY26. At its latest AGM, it said lending momentum was strong over the first quarter and that it’s confident it can achieve FY26 guidance of $180-$190 million. 

Guidance was confirmed again when it posted its first-half FY26 results in mid-February.

The bank posted a 32% hike in statutory NPAT to $59.9 million. Its profit before tax hiked 53% on the prior corresponding period, to $86.5 million and its cost-to-income ratio improved.

The bank also confirmed it had delivered above system growth in gross loans and advances, up 7% since June to $13.4 billion, and up 15% year-on-year.

The bank also said it expects operating leverage to improve further in the second half of FY26.

Analysts are bullish

At the time of writing on Wednesday morning, Judo Bank shares are 1.3% higher at $1.36 a piece. The shares have tumbled 18% over the past month, in line with the rest of the financial sector and other ASX bank stocks. Judo Bank shares are down 26% over the past year. 

Analysts aren’t concerned, though, and 12 out of 13 analysts still hold a buy or strong buy rating on the shares.

The average target price is $2.22, which implies a 63% upside at the time of writing. Some are even more bullish and expect the share price to jump 84% to $2.50 each.

The post This is the only ASX bank stock I’d keep in my portfolio appeared first on The Motley Fool Australia.

More reading

• Why experts think this ASX bank share can rise 58% in a year!
• ASX bank stocks: Buy, sell, or hold?
• 2 ASX shares highly recommended to buy: Experts
• Forget CBA shares, this ASX bank stock is tipped to soar another 70%
• It could be time to buy low on these ASX financials stocks

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.

It’s another big day for shareholders in this $5 billion ASX energy stock.

Paladin Energy Ltd (ASX: PDN) is surging 6.7% to $11.79 during Wednesday morning trade, adding to what has already been a stunning run. Over the past 12 months, Paladin shares have skyrocketed around 185%, massively outperforming the broader S&P/ASX 200 Index (ASX: XJO).

So, what’s behind the latest move?

Legal action Canadian project

First, a quick refresher. Paladin Energy is a uranium producer that focusses on supplying nuclear fuel for power generation. With nuclear energy gaining traction globally as a low-carbon solution, uranium stocks like Paladin have been in strong demand.

Now to the latest update — and it’s not what you might expect.

Paladin revealed that the Métis Nation–Saskatchewan has launched legal action over the approval of the Environmental Impact Statement for its Patterson Lake South project in Canada. The challenge relates to a decision made on 19 February 2026 by the Saskatchewan Minister of Environment.

The Métis Nation–Saskatchewan has also sought an interim injunction. This would potentially block the ASX energy stock from acting on the approval until the judicial review is resolved.

Importantly, the announcement didn’t include any financial results or immediate operational impacts.

Investors ignoring legal noise

The market may be looking through the legal noise for now.

Paladin emphasised its long-standing engagement with Indigenous communities, noting that its Canadian subsidiary has consulted with the Métis Nation–Saskatchewan for many years as part of the project’s development.

The company also acknowledged the importance of Indigenous rights and stated it will continue working collaboratively with stakeholders.

At the same time, management of the ASX energy stock made it clear it intends to defend its position.

While the legal process could affect project timelines depending on the outcome, there’s no immediate change to operations — and that may be reassuring investors.

What next for the ASX energy stock?

Looking ahead, the company will respond to the judicial review as it moves through the Saskatchewan courts. Updates on the legal proceedings, as well as progress at the Patterson Lake South project, are expected in due course.

Stepping back, the share price momentum of this ASX energy stock highlights just how strong sentiment remains in the uranium sector. Even with potential regulatory hurdles, investors appear focused on the bigger picture — rising global demand for nuclear energy.

Over the past 12 months, Paladin Energy shares have risen 185%, outperforming the ASX 200 Index which has risen 9% over the same period.

The bottom line? This ASX energy stock continues to charge higher, and for now, investors seem willing to brush off near-term uncertainty in favour of long-term growth potential.

The post Why is this ASX energy stock racing 7% higher today? appeared first on The Motley Fool Australia.

More reading

• Paladin Energy shares: Judicial review challenges EIS approval
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Here are the top 10 ASX 200 shares today
• Why ASX uranium shares like Paladin and Boss Energy could be set to rocket

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

Dateline Resources Ltd (ASX: DTR) shares are under pressure on Wednesday after the company announced another major capital raise.

In morning trade, the Dateline share price is down 4.40% to 43.5 cents.

Despite today’s decline, the stock remains up almost 100% in 2026, continuing one of the strongest runs in the ASX resources space this year.

The move suggests some investors are locking in gains after the rally, while the market waits for the next major development milestone.

Fresh funding pushes Colosseum closer

According to its ASX announcement, Dateline has completed a $50 million placement at 40 cents per share. This involves the issue of 125 million new shares, equal to roughly 3.3% of its enlarged capital base.

More than 95% of the funds came from institutional investors.

This level of support points to strong backing for its Colosseum gold and rare earths project in California.

The new capital will be directed toward enabling and site development works, procurement of key processing infrastructure, final optimisation workstreams, and the equity component required for a future project finance facility.

The funding keeps Dateline ahead of the financing curve and gives it more flexibility as it moves closer to production.

Managing director Stephen Baghdadi said:

This raise drew strong support from high-quality institutional investors, a clear endorsement of what Colosseum represents.

He noted the company is already advancing multiple work fronts so the project can move quickly once the feasibility study is complete.

Why the market may be selling anyway

Today’s weakness appears to reflect profit taking rather than the update itself.

Dateline shares have had an extraordinary run, with the stock up more than 10,000% over the past 12 months and almost doubling since the start of 2026.

Following a move of that size, positive funding news can still lead to short-term selling as traders lock in gains.

The 40-cent issue price may also be acting as a reference point, particularly with the stock trading only modestly above that level before the trading halt.

Dateline is now entering the final stages of its bankable feasibility study (BFS) with approximately $96 million in cash.

The Colosseum BFS is due this month, with wastewater planning and updated cost assumptions among the final items being worked through.

Foolish takeaway

Today’s fall does not appear to reflect any deterioration in Dateline’s project outlook.

The company now carries a market capitalisation of roughly $1.58 billion, which leaves plenty riding on the upcoming BFS.

After the stock’s strong run, investors may prefer to wait for the final Colosseum BFS before deciding if there’s still valuation upside.

The post This ASX mining stock just banked $50 million. So why are its shares falling? appeared first on The Motley Fool Australia.

More reading

• This ASX stock is halted after plunging nearly 18% in 2 sessions
• Up 100% in 2026, this ASX stock just dropped 8%. Here’s why
• This ASX mining stock has surged 10,000%: Is there more to come?
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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.

Canaccord Genuity has named its three top picks for ASX 200 stocks which it believes will do well, should the US de-escalate the war with Iran in coming weeks, which it thinks is the most likely outcome.

Both the S&P/ASX 200 Index (ASX: XJO) and the gold price have been weaker since the start of the war in late February, which can present a buying opportunity.

Volatility remains

The Canaccord team does say to proceed with caution however.

They said in a research note to clients this week:

With the US appearing to now be actively seeking an off-ramp, our central case continues to be that a resolution to the conflict will be struck over the coming weeks. However, the risk of an escalation in hostilities and more prolonged conflict is still a scenario that needs to be factored into the investment strategy equation. We remain well diversified given elevated levels of uncertainty; however, we are not bearishly positioned.

On the interest rates front, Canaccord said the recent, second rate rise in Australia, “with a bias to do more”, increases the risk of a sharper slowdown in growth later this year.

They said further:

Higher interest rates will weigh on consumption and business confidence, while global uncertainty linked to geopolitical tensions also threatens to dampen external demand over coming months. Governor Bullock acknowledged that a recession is not the Bank’s central case and certainly not its objective but cautioned that failing to bring inflation under control would ultimately be more damaging to employment and long-term growth.

In terms of the equities they think could recover well in the case of the war scaling back, Canaccord has picked two miners and a financial company.

Evolution Mining Ltd (ASX: EVN)

Canaccord said that Evolution offers “clean leverage” to a recovery in the gold price, and to a lesser extent copper, underpinned by its “best in class” operational delivery.

They went on to say:

Gold has pulled back sharply on higher real yields, USD strength, and liquidity-driven selling, with investors using it as a source of funds during recent volatility, creating a dislocation between price and medium-term fundamentals. Importantly, we remain constructive over the medium term, with key structural tailwinds intact, including longer-term USD debasement and strong central bank demand. As liquidity pressures ease and positioning normalises, gold should recover, with EVN providing leveraged exposure. Iran de-escalation represents a key near-term catalyst for a recovery in gold.

Sandfire Resources Ltd (ASX: SFR)

Canaccord said as the ASX’s largest copper-focused miner, Sandfire provides clean leverage to a recovery in copper.

They add:

The industrial metal has pulled back on cyclical growth concerns linked to the Iran conflict, creating an attractive entry point for investors willing to look through near-term uncertainty. While cyclical demand risks remain, structural drivers (EVs, energy storage, renewables) and a tight supply backdrop support a constructive medium-term outlook. Copper appears well placed to rebound over the coming months, assuming no prolonged escalation in Iran (not our base case), with Sandfire providing leveraged exposure

Pinnacle Investment Management Group Ltd (ASX: PNI)

Canaccord said the recent pullback in Pinnacle mshares represents an attractive entry point for investors looking to position themselves for a broader equity market recovery.

They say the recent weakness in the shares reflects its leverage to the broader equity market, alongside concerns around private credit.

Canaccord says the company remains a “compelling medium-term proposition, given its diversified stable of affiliates with strong funds under management growth prospects”.

The post Three ASX 200 stock picks to consider now, to drive gains as markets and the gold price recover appeared first on The Motley Fool Australia.

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