Category: Stock Market

Are you looking for dividend shares to add to your income portfolio next week? If you are, then the two listed below could be top options.

Analysts have recently rated these dividend shares as buys. Here’s why they rate them highly:

GQG Partners Inc (ASX: GQG)

The first ASX dividend share that has been tipped as a buy is fund manager GQG.

The team at Goldman Sachs are positive on the company due to its strong investment performance, low fees, and attractive valuation. In respect to fees, Goldman highlights that GQG is in the lowest quartile among global peers. The broker also likes that GQG’s co-founders have the majority of their net wealth invested in the company and its investment strategies.

Another positive is the attractive yield on offer with its shares. Goldman is forecasting dividends per share of 8 cents in FY 2022 and 9 cents in FY 2023. Based on the current GQG share price of $1.56, this will mean yields of 5.1% and 5.8%, respectively.

The broker also sees decent upside for its shares with its buy rating and $1.92 price target.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share that has been tipped as a buy is Wesfarmers. It is the conglomerate behind a range of businesses such as Bunnings, Catch, Covalent Lithium, Kmart, Officeworks, and Priceline.

The team at Morgans remains very positive on the company. Particularly after Wesfarmers delivered a full year result that was “comfortably above expectations” last week.

Outside this, the broker likes the company due to its valuation. At 22x estimated FY 2023 earnings, the broker believes this is attractive for “a high-quality business with a diversified group of retail and industrial brands, solid balance sheet and strong leadership team.”

As for dividends, the broker is forecasting fully franked dividends per share $1.82 in FY 2022 and $1.89 in FY 2024. Based on the current Wesfarmers share price of $46.71, this will mean yields of 3.9% and 4%, respectively.

Morgans has an add rating and $55.60 price target on Wesfarmers’ shares.

The post Experts name 2 top ASX dividend shares to buy next week appeared first on The Motley Fool Australia.

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More reading

• How did ASX 200 dividend shares stack up in August?
• How I’d invest $20,000 in ASX shares today if I had to start from scratch
• Why is the Wesfarmers share price sliding lower on Wednesday?
• 5 things to watch on the ASX 200 on Wednesday
• Hoping to bag the next Wesfarmers dividend? Here’s what you need to do

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 positions in and has recommended Wesfarmers Limited. 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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If you’re wanting to buy some exchange traded funds (ETFs), then you certainly have a lot of options.

But which ones could be buys? Two that have been tipped as buys by analysts are listed below. Here’s what they are saying about them:

ETFS Battery Tech & Lithium ETF (ASX: ACDC)

If you’re wanting to get some exposure to the decarbonisation megatrend, then the ETFS Battery Tech & Lithium ETF could be one way to do it.

This popular ETF allows investors to buy a slice of companies involved in battery technology, electric vehicles, and lithium mining. This includes BYD, Mineral Resources Limited (ASX: MIN), Pilbara Minerals Ltd (ASX: PLS), Nissan, and Renault.

Jessica Amir from Saxo Markets is positive on the ETF. Especially for investors that aren’t keen on stock picking in the lithium sector. She commented:

If stock picking is not for you, and if you believe, like we do, that the electric vehicle industry and the critical minerals/ commodities will continue to see rising demand, and policy support, and also benefit from the world striving to be carbon neutral by 2050, then you could invest or trade in Global X Lithium & Battery Tech ETF (LIT) or ETFS Battery Tech & Lithium ETF (ACDC) that invests in about 30 of the biggest EV and battery technology companies in the world.

ETFS S&P Biotech ETF (ASX: CURE)

Another ETF that has been tipped as a buy is the ETFS S&P Biotech ETF. As its name implies, this ETF gives investors access to U.S. healthcare biotechnology companies.

The fund manager notes that these companies are engaged in the research, development and manufacturing of products based on genetic analysis and genetic engineering. This includes the development of immunotherapy treatments and vaccines to treat human diseases.

Among its largest holdings are ChemoCentryx, Global Blood Therapeutics, and Twist Bioscience.

Felicity Thomas from Shaw & Partners is a fan of the ETF. She recently told Livewire:

I like to buy ETFs for the long term. We have an ageing population, and what’s the most important thing in the world? Your health. Biotech, healthcare, and life sciences, that’s where you want to be invested over the next couple of decades.

The post 2 exciting ETFs named as buys by experts appeared first on The Motley Fool Australia.

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More reading

• Experts say these top ETFs are buys right now

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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Investing in the small side of the share market carries more risk than other areas.

But if your tolerance for risk allows for it, having a bit of exposure to this side of the market could be a boost for a balanced portfolio.

This is due to the potential returns on offer from promising small caps. If you can catch a small cap before it becomes a mid cap or even a large cap, the returns could be sensational.

With that in mind, here are two small cap ASX shares that analysts rate highly:

Airtasker Ltd (ASX: ART)

The first small cap ASX share that has been named as a buy is Airtasker.

It is growing online marketplace for local services with an estimated total addressable market of $600 billion across Australia, the UK, and the US.

Morgans is a big fan of the company. This is due to this significant market opportunity and its attractive business model. The broker also highlights that the company is operating in a market that is in the early stages of ecommerce adoption. It feels this puts Airtasker in a great position to benefit as the shift accelerates.

At the end of July, the broker retained its add rating with a trimmed price target of $1.25. This is more than double the current Airtasker share price.

PlaySide Studios Limited (ASX: PLY)

Another small cap ASX share that has been tipped as a buy is PlaySide Studios.

It is one of the largest video game developers in the ANZ region. Playside has developed a portfolio of games independently and in collaboration with studios such as Disney, Pixar, Warner Bros, and Nickelodeon.

In addition, over the last couple of years, the company has signed a number of work for hire deals with games publishing giants including 2K Games and Activision Blizzard. This could see the company work on some major titles for these gaming giants, which has the potential to give its reputation a huge boost and support further work for hire contract wins.

Last week, analysts at Ord Minnett retained their speculative buy rating and 85 cents price target. Based on the latest Playside share price of 67.5 cents, this implies potential upside of 26% for investors.

The post 2 small cap ASX shares that analysts rate as buys appeared first on The Motley Fool Australia.

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More reading

• How I’d invest $20,000 in ASX shares today if I had to start from scratch
• Airtasker share price slides 5% on net loss
• Why I think these 2 ASX shares are bargain buys
• Revenue up 169%: 2 ASX tech shares showing explosive growth
• 2 exciting small cap ASX shares to buy according to brokers

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 recommended Airtasker Limited. 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 Dogecoin (CRYPTO: DOGE) price is up 2.5% over the past 24 hours, currently trading for 6.25 US cents.

At that price, the crypto, which was created as a joke and features a Shiba Inu as its mascot, has a market cap of US$8.3 billion. This makes it the tenth biggest crypto in virtual circulation, according to CoinMarketCap. And that’s after falling 64% year to date.

There’s today’s price action for you.

Now, how did the Dogecoin price hold up in August, a month that saw the tech-heavy NASDAQ fall 4.6%?

Dogecoin price battered by rising interest rate outlook

Depending somewhat on your time zone, the Dogecoin price stood at 7.09 US cents as we ticked our calendars over to August.

By the time the clock struck midnight on 31 August, the dog-themed crypto was trading for 6.29 US cents, down 12.3% for the month. While nothing to cheer about, that performance did edge out the 14.8% losses posted by Bitcoin (CRYPTO: BTC) last month.

Investors holding the crypto throughout the month would have had to stomach plenty of volatility. Though that’s nothing new in the crypto sphere.

August saw the Dogecoin price trade as low as 6.02 US cents and as high as 8.86 US cents. A far cry from the all-time high of 73.76 US cents it hit on 8 May 2021.

As with Bitcoin and most other cryptos, the Dogecoin price struggled last month as investors were met with the reality that inflation across most of the globe isn’t likely to return to within central banks’ target ranges in quick order.

With the United States Federal Reserve and other central banks, including the Reserve Bank of Australia, flagging additional sizeable rate hikes in the months ahead to curb soaring prices, risk assets were broadly sold off across the board.

Dogecoin was no exception.

The post Why did the Dogecoin price tumble 12% in August? appeared first on The Motley Fool Australia.

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More reading

• The Bitcoin price tanked 15% in August. Here’s why
• Why the Bitcoin price was struggling today
• Why Ethereum, Dogecoin, and Solana lost altitude on Thursday
• Bitcoin price resilience ‘could be a promising sign’: expert
• Can the Bitcoin price reach $100,000?

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

from The Motley Fool Australia https://www.fool.com.au/2022/09/03/why-did-the-dogecoin-price-tumble-12-in-august/

I’m a big fan of buy and hold investing and believe it is the best way for investors to grow their wealth.

To demonstrate how successful it can be, I like to pick out a number of popular ASX shares to see how much a single $20,000 investment 10 years ago would be worth today.

This time around I have picked out the two ASX shares that are listed below:

Aristocrat Leisure Limited (ASX: ALL)

This gaming technology company has made its shareholders smile over the last 10 years. During this time, Aristocrat’s shares have smashed the market thanks to its strong earnings growth which has been driven by its leadership position in the poker machine market and expansion into digital gaming through several major acquisitions.

And with these businesses continuing to perform strongly and management intending to expand into the emerging real money gaming market, shareholders will no doubt be hoping for more of the same over the next decade.

During the last decade, Aristocrat’s shares have generated an average total return of 30.4% per annum. This would have turned a $20,000 investment into ~$285,000.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

This pizza chain operator has been one of the best performers on the Australian share market over the last decade. This has been driven by the company’s aggressive expansion in Australia and internationally, which has underpinned stellar earnings and sales growth.

A decade ago, the company was operating approximately 1,000 stores. Last month, it revealed that it opened over five new stores a week in FY 2022, bringing its total to 3,387 stores. But management doesn’t expect to stop there. Not a chance! It is now targeting 7,250 stores by 2033. This could mean further strong gains over the next decade for investors if management executes this expansion successful.

As for the last decade, Domino’s shares have generated an average total return of 22.2% per annum. This would have turned a $20,000 investment into just under $150,000.

The post $20,000 invested in these ASX shares 10 years ago is worth how much now? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX shares to buy after reporting season (and a sector to avoid): expert
• Reason for hope as ‘worst month of the year’ starts off badly
• Here are 3 ASX 200 shares trading ex-dividend today
• 3 top ASX growth shares analysts rate as buys
• Brokers name 3 ASX shares to buy 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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. 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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Can the Medibank Private Ltd (ASX: MPL) share price really deliver both capital growth and healthy dividends going forward? Good question.

Looking at this ASX 200 health insurance share’s past performance, one might be forgiven for just assuming so. Since it was privatised back in late 2014, the Medibank share price has risen a robust 70% or so.

That works out to be a rough compounded annual growth rate of almost 7% per annum.

But Medibank has also delivered some pleasing dividend performance since it floated on the ASX as well.

In 2015, the company paid out a total of 5.3 cents per share in dividends. But Medibank spent the next few years ratcheting this up, and by 2019, it was doling out an annual dividend worth 15.6 cents per share.

The company’s payouts have taken a COVID-induced hit in recent years. But even so, Medibank doles out a total of 12.7 cents per share in 2021.

Its latest dividend, the final payment that investors will receive on 29 September, will be worth 7.3 cents per share. That’s a pleasing 5.8% rise over last year’s final dividend of 6.9 cents per share.

But, as any investor worth their salt knows, past performance is no guarantee of future success.

So what are the chances of Medibank continuing to deliver both healthy growth and dividends going forward?

Is the Medibank share price poised to deliver both growth and dividends?

Well, yes. That’s the view of at least one ASX broker anyway.

As my Fool colleague James covered this morning, ASX broker Citi has just come out with a buy rating for Medibank shares. Citi has given Medibank a 12-month share price target of $4. That implies a potential upside of around 8.5% over the coming year.

Citi’s bullishness comes from a positive reading of Medibank’s latest earnings report, which covered FY22. It reckons higher interest rates going forward will assist the company’s performance over FY23. So that’s share price growth covered.

But Citi is also expecting the dividends from Medibank to keep on coming as well. The broker is pencilling in dividends of 15.9 cents per share covering FY23 and 16,3 cents per share for FY24.

So yes, Citi is expecting both share price growth and higher dividends from Medibank Private shares going forward. But, time will only tell if these predictions prove accurate.

In the meantime, the current Medibank share price gives this ASX 200 insurer a market capitalisation of $10.16 billion, with a dividend yield of 3.63%.

The post Can the Medibank share price deliver healthy growth and dividends? appeared first on The Motley Fool Australia.

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More reading

• Analysts name 2 ASX 200 dividend shares to buy now
• 3 ASX 200 shares breaking multi-year highs on Tuesday
• Why did the Medibank share price just crack a new all-time high?
• Here are the top 10 ASX 200 shares today
• Brokers name 2 ASX dividend shares to buy

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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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Can you believe it’s September already? How fast has 2022 gone!

Unfortunately for investors, statistically September is a shocker for ASX shares.

In fact, all of spring is historically a bit of a dud, before fortunes turn around in December for the Santa Rally.

As The Motley Fool’s Bruce Jackson noted, the S&P/ASX 200 Index (ASX: XJO) fell right on cue on the first day of September this week. The flagship index ended up 1.79% lower after Thursday’s session.

So what are we all going to do with our ASX shares?

Some experts have a few ideas:

‘This September will be this September’

Marcus Today founder Marcus Padley went through the last 40 years of the S&P/ASX All Ordinaries Index (ASX: XAO) to conclude, indeed, that September has been pretty bleak.

In fact, spring is the only season when all three months show negative returns.

“But let me tell you, after many years watching the stock market, that wherever there are numbers there are statistics, and wherever there are statistics there is an attention seeker in the stock market using the past to draw a conclusion about the future,” he posted on Livewire.

“The truth is that there is no conclusion to be drawn about this September from the last 40 Septembers. This September will be this September.”

It’s the old investing axiom that past performance is no indicator of the present or future performance.

Analysts who present historical stats are not doing anything other than “stating facts about the past”, according to Padley.

“And that’s where the value ends. No-one should be investing or disinvesting because of the month of the year,” he said.

“No-one in the professional funds management world makes decisions based on voodoo. Nor should you.”

Five years from now no one will remember what happened

Jackson backed up this sentiment by saying even if this spring also ends up being very volatile, it will “likely pale into insignificance when looked back at in five years’ time”.

“Even the global financial crisis – the most painful period in recent history for investors – is nothing more than a blip in the long upward progression of the stock market.”

And he cautioned investors against trying to seasonally time their transactions of ASX shares.

“In order to profit from market timing, you have to get two decisions right — the selling and the buying. It’s hard enough to get one right let alone two,” said Jackson.

“If you are invested in the stock market, you should look at it as a lifelong endeavour, not one to dip in to and out of depending on your mood, the market’s mood, the economy, the government, or inflation.”

The post If September is so terrible for ASX shares, what should you do? appeared first on The Motley Fool Australia.

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More reading

• Burning through cash: Is BrainChip or Weebit chewing up more capital?
• This ASX tech share has rocketed 18% in a month. Bell Potter says the party is just getting started
• Why is Morgans tipping 38% upside for the South32 share price?
• Why Goldman Sachs is bullish on the Mineral Resources share price
• Slide continues: Novonix share price dumps 14% in 2 days

from The Motley Fool Australia https://www.fool.com.au/2022/09/03/if-september-is-so-terrible-for-asx-shares-what-should-you-do/

Both BrainChip Holdings Ltd (ASX: BRN) and Weebit Nano Ltd (ASX: WBT) posted earnings results to the market recently.

Both shares remained unprofitable for the respective periods, Weebit for FY22 full and Brainchip for the 6 months to 30 June 2022. Here, we look at year-over-year results for both names.

Whereas Brainchip shares finished the week at 90 cents apiece, Weebit closed at $2.58, and this was both flat and down 2% on the day respectively.

Cash flow analysis for Brainchip shares

In order to gauge which company churned through the most cash last period(s), we have to first reconcile a number of non-cash items from the income statement.

Thankfully, the cash flow statement does most of the heavy lifting here for us. We’ll still need to make some adjustments, however, this is the best starting point.

For the half-year ended 30 June 2022, Brainchip recorded a negative net cash flow from operations of US$7.9 million, behind last year’s US$6.9 million.

The shift stemmed from a US$1 million increase in payments to suppliers over the 12 months.

It also spent an additional US$80,500 on purchases of property, plant and equipment, and saw numerous other outflows from its financing activities.

However, the company raised US$17.2 million from the issue of additional equity, meaning it saw a net US$9 million increase and cash and equivalents.

That’s a 65% year-on-year change for the technology company. However, removing this from the equation, the company organically saw an US$11 million or 36.5% year-on-year decline in its cash position.

Hence the reason it needed to raise additional cash in the first place.

What about Weebit?

Meanwhile, over in Weebit’s camp, after raising $35 million earlier in the year, its cash position jumped 145% or $31 million year on year.

Although, we need to understand what all this means for both companies, and bring the figures into some common size.

First – how much each company burned through in the period. We do that by taking the cash on the balance sheet and dividing it by the monthly operating losses. For Weebit, it chewed through around $2.6 million per month whereas Brainchip churned through roughly US$2.1 million per month.

At the current exchange rate, that’s A$3.1 million, however, exchange rates move in cycles just like other markets – so that’s just the exchange rate for today.

Nevertheless, we can make strong inferences from this data about how much time or ‘runway’ a company has left on its current cash balance by factoring in its burn rate.

Thankfully, companies must file an ‘Appendix 4C’ alongside their statement of cash flows, and this form does the heavy lifting for us once more. Ah, regulation, finally working in our favour.

Specifically, Section (8). covers the estimated cash available for future operating activities.

For Weebit, an estimated 16 quarters of funding are available at its current cash balance and burn rate. Whereas Brainchip has an estimated 5.75 quarters.

Final takeaway

This kind of analysis is important for investors to consider when making investment decisions. Unprofitable companies will still spend cash through inventory costs and operating expenses, not to mention interest on debt and operating leases.

It is only so long before a company will burn through its cash balance before it will need to raise additional equity.

It is then when current shareholders may be affected, through dilution of the share count, or, new shareholders being offered a discount to the current share price – as is often the case.

Finally, Brainchip shares are up 80% over the past 12 months. Meanwhile, Weebit has wandered 28% to the downside over the same period of time.

The post Burning through cash: Is BrainChip or Weebit chewing up more capital? appeared first on The Motley Fool Australia.

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More reading

• Why is the BrainChip share price in the red on Thursday?
• The BrainChip share price has dumped 30% in a month. What’s happening?
• ‘On the cusp of commercialisation’: Weebit Nano share price dips on FY22 results
• BrainChip share price up on 529% revenue surge
• Why did the BrainChip share price slump today?

Motley Fool contributor Zach Bristow 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 All Technology Index (ASX: XTX) has shed 3% in the last month, but one ASX tech share is outperforming the index.

The Life360 Inc (ASX: 360) share price has lifted nearly 18% in the past month and closed on Friday trading at $5.13.

Let’s take a look at the outlook for this San Francisco-based technology company.

Analyst tips huge upside for Life360 share price

This ASX tech share is known for the family safety app, Life360, used by 38 million people worldwide.

Analysts at Bell Potter have recently recommended investors buy Life360 share price and tipped it to hit $7.50. This is a 46% upside on the current share price.

Bell Potter believes Life360 can leverage its large user base to enter new markets and “disrupt the legacy incumbents.

These new markets could include insurance, item and pet tracking, home security, senior monitoring and roadside assistance.

The broker said:

An example is roadside assistance where Life360 launched a subscription-based product called Driver Protect which disrupted the market and helped enable monetisation of its user base. 

The analysts also noted Life360 should have a positive operating cash flow from the fourth quarter of 2023 and has enough cash to fund its operations in the meantime.

In August, Life360 reported 90% growth in subscription revenue in the first half of the calendar year 2022. More than 111,000 new subscribers signed up to Life360 in the June quarter alone.

Share price snapshot

The Life360 share price has descended 47% in the year to date, while it has lost nearly 46% in the past year.

In comparison, the All Tech index has fallen nearly 34% in the past year.

Life360 has a market capitalisation of about $955.5 million based on the current share price.

The post This ASX tech share has rocketed 18% in a month. Bell Potter says the party is just getting started appeared first on The Motley Fool Australia.

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More reading

• Why is Morgans tipping 38% upside for the South32 share price?
• Why Goldman Sachs is bullish on the Mineral Resources share price
• Slide continues: Novonix share price dumps 14% in 2 days
• An Allkem director offloaded $20 million in shares this week. What gives?
• Zip and these shares have been kicked out of the ASX 200 index

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 positions in and has recommended Life360, Inc. 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 South32 Ltd (ASX: S32) share price has struggled in the past week, but could it have better days ahead?

Since market close on 26 August, the South32 share price has descended 6%. In today’s trade, shares in the miner spent all day in the red, closing 1.72% lower at $3.99 apiece.

So what is the outlook for South32 in the future?

Can the South32 share price go higher?

South32 is a global mining company that produces aluminium, copper, silver, lead, nickel, alumina, bauxite and metallurgical coal.

Broker Morgans is recommending investors add South32 shares. Analysts have placed a $5.50 price target on the South32 share price, 38% higher than the current price.

The broker noted that South32 had a strong cash flow, dividend profile and balance sheet.

South32 reported a 156% boost in underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) and 69% revenue jump in recent FY22 results.

The company’s ordinary dividend per share lifted 363% in FY21 to US22.7 cents, and the company announced a US 3 cents per share special dividend. South32 also delivered record production at Worsley Alumina in WA.

Morgans said despite South32’s costs increasing materially, it still managed to achieve margin growth. Analysts added:

Earnings multiples are regularly inconsistent value indicators in resources, but in S32’s case, we believe it shows the market is misjudging how much residual earnings power will remain in the business post cycle peak.

In FY23, South32 predicts group copper equivalent production to lift by 14%. South32 reported a net cash balance of US$538 million in its latest results.

Share price snapshot

The South32 share price has soared 24% in the past year, but it has lost nearly 1% year to date.

In the past month, the South32 shares have climbed more than 3%.

South32 has a market capitalisation of about $18.4 billion based on the current share price.

The post Why is Morgans tipping 38% upside for the South32 share price? appeared first on The Motley Fool Australia.

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More reading

• Why Goldman Sachs is bullish on the Mineral Resources share price
• Slide continues: Novonix share price dumps 14% in 2 days
• An Allkem director offloaded $20 million in shares this week. What gives?
• Zip and these shares have been kicked out of the ASX 200 index
• Boost your income with these ASX dividend shares: analysts

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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