Category: Stock Market

The S&P/ASX 200 Index (ASX: XJO) is having a subdued session on Thursday. In afternoon trade, the benchmark index is down a fraction to 8,949.6 points.

Four ASX shares that are not letting that hold them back are listed below. Here’s why they are rising:

Bendigo and Adelaide Bank Ltd (ASX: BEN)

The Bendigo and Adelaide Bank share price is up 8% to $11.33. This morning, the regional bank revealed the second phase of the Productivity Program to accelerate its progress towards its 2030 strategy. This includes a seven-year technology service partnership with Infosys (NYSE: INFY), which will significantly improve its IT service delivery capability and provide access to enhanced capabilities, software engineering, and AI talent to deliver greater capacity to innovate. These changes are expected to result in an annual run rate expense benefit of approximately $65 million to $75 million, which will be realised by FY 2028. In addition, it released a trading update which revealed unaudited cash earnings of $137.9 million during the third quarter. This is up 7.6% on the quarterly average during the first half.

EBR Systems Inc (ASX: EBR)

The EBR Systems share price is up 7% to 70.5 cents. This follows the release of a first-quarter update from the medical device company this morning. EBR advised that it expects to report revenue in the range of US$2.25 million to US$2.36 million for the first quarter of 2026. The company’s CEO, John McCutcheon, said: “In Q1 2026, we made impressive progress across both our commercial and clinical programs. Case volumes increased strongly during the quarter, reflecting growing physician experience, expanding site readiness and the steady execution of our Limited Market Release.”

Strickland Metals Ltd (ASX: STK)

The Strickland Metals share price is up 9% to 23.5 cents. This has been driven by the release of positive assay results from diamond drilling at the Obradov Potok prospect in the Rogozna Project, Serbia. Strickland Metals’ managing director, Paul L’Herpiniere, commented: “Following recent discoveries at Red Creek and Kotlovi, these results continue to highlight the scale and endowment of the broader Rogozna system. We are looking forward to undertaking follow-up drilling as part of the 2026 field season targeting the interpreted core of the system at Obradov Potok, where we see a compelling opportunity to make a major new discovery.”

Woodside Energy Group Ltd (ASX: WDS)

The Woodside Energy share price is up 4% to $33.27. This is despite there being no news out of the energy giant on Thursday. However, it is possible that investors believe Woodside shares were oversold yesterday after oil prices sank in response to the reopening of the Strait of Hormuz.

The post Why Bendigo Bank, EBR Systems, Strickland, and Woodside shares are rising today appeared first on The Motley Fool Australia.

More reading

• Buy, hold, sell: CSL, Magellan, and Woodside shares
• ASX 200 energy shares whipsaw amid fragile ceasefire
• Why is everyone talking about Sandfire, Bendigo Bank, and DroneShield shares on Thursday?
• ASX bank stock jumps 7% on strategic partnerships and trading update
• Up 188% in a year, why is this ASX All Ords mining stock surging again today?

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group Ltd. 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 Bendigo And Adelaide Bank. 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 small decline. At the time of writing, the benchmark index is down slightly to 8,949.6 points.

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

Orora Ltd (ASX: ORA)

The Orora share price is down 20% to $1.57. Investors have been selling this packaging company’s shares following the release of a trading update. Partly due to the war in the Middle East, Orora’s Saverglass has been underperforming expectations. Orora now expects FY 2026 underlying EBIT for Saverglass to be in the range of 63 million euros to 68 million euros. This is down from its previous guidance of broadly in line with FY 2025 EBIT of 79.2 million euros. It notes that shipping routes and overland access have been disrupted in the Middle East, forcing Orora to transition its facility into a closed-loop hot operation. This means the furnace is kept running, but no bottles are produced.

Select Harvests Ltd (ASX: SHV)

The Select Harvests share price is down 8% to $3.69. This morning, this almond producer revealed the surprise resignation of its CEO, David Surveyor, after three and a half years leading the company. The release notes that Mr Surveyor will remain with the company to work through his six-month notice period and assist with an orderly transition. Surveyor commented: “It has been a privilege to lead Select Harvests over the past three years. I am proud of the transformation we have achieved together. Our people have lifted strategy and execution across the business, from improving our horticultural practices to step changing our processing capability and redefining our approach to market.”

Tamboran Resources Corp (ASX: TBN)

The Tamboran Resources share price is down 17.5% to 26 cents. This has been driven by the completion of the institutional component of an equity raising. The natural gas company has raised US$103 million (A$147.1 million) of gross proceeds via a registered underwritten public offer. Tamboran Resources’ CEO, Todd Abbott, said: “We are entering what will be the most active two‑year period in the Beetaloo Basin to date, including the delivery of first gas sales in the third quarter of 2026 and the continued delineation of gas resources across our Beetaloo East and Beetaloo West acreage.”

WiseTech Global Ltd (ASX: WTC)

The WiseTech Global share price is down 10% to $38.92. This is despite there being no news out of the logistics solutions software provider on Thursday. However, it is worth noting that the tech sector is a sea of red today, with heavy declines being seen across the board. This has led to the S&P/ASX All Technology index dropping a sizeable 4.5%.

The post Why Orora, Select Harvests, Tamboran, and WiseTech shares are sinking today appeared first on The Motley Fool Australia.

More reading

• Why this ASX energy stock just crashed 17% after a blockbuster year
• Why is this ASX 200 share sinking 16% today?
• Orora updates FY26 outlook as Saverglass earnings take a hit
• 5 ASX 200 shares I’d buy as the share market rebounds
• ASX 200 sector leaders to buy amid today’s market rally

Motley Fool contributor James Mickleboro has positions in WiseTech Global. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Orora. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

After a lengthy record setting run, the gold price hit a wall in March.

The yellow metal ended February trading for US$5,279 an ounce, according to data from Bloomberg. By the time the smoke cleared on 31 March, that same ounce was trading for US$4,668, down 11.2%.

As you’d expect, this put some serious pressure on ASX gold stocks, which had counted among the top performers on the S&P/ASX 200 Index (ASX: XJO) over the year to March.

Indeed, while the ASX 200 slumped 7.8% in March, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) declined a painful 23.9%.

As for some of the leading ASX 200 gold stocks, Northern Star Resources Ltd (ASX: NST) shares fell 32.8% in March; Newmont Corp (ASX: NEM) shares dropped 14.5%; and Evolution Mining Ltd (ASX: EVN) dropped 23.9%.

Here’s what put the gold price, and ASX gold stocks, under selling pressure.

Easy liquidity outweighs haven status

Noting that March was the weakest month for the gold price since June 2013, the World Gold Council (WGC) said, “Gold lost value in all major currencies, but remains up on the year.”

The big sell-off followed the outbreak of the Iran war at the end of February.

While that kind of geopolitical turmoil should favour haven assets like gold, the yellow metal also is often among the first assets investors will sell when they need access to funds amid broader stock market declines.

“The 12% fall in price over the month is attributed to deleveraging and liquidity dynamics that favoured sellers, not fundamentals, which remain supportive,” the WGC noted.

According to the WGC:

Gold’s sell‑off during the first three weeks of March was sharp, counter‑intuitive, but not unprecedented. It occurred against a backdrop normally supportive for gold: elevated geopolitical tensions and renewed inflation concerns. The episode is a reminder that gold is not a contractual hedge.

The gold price, and ASX gold stocks like Northern Star and Newmont, also faced headwinds in March with the Iran war sending energy prices soaring the world over. This could fuel inflation and potentially increase interest rates. Gold, which pays no yield itself, tends to perform better in a low or falling rate environment.

What now for the gold price?

Looking ahead, the WGC said that some early signs of stabilisation are emerging.

Among the positive signs for a rebound in the gold price, the WGC noted that early April exchange traded fund (ETF) flows into gold have been positive across regions.

As for the Iran war’s impact on interest rates in critical economies like the US, the WGC said:

Policy tightening is likely to be rhetorical (in the US) and expectations of hikes could get unwound quickly. Any energy driven CPI impulse is likely to result in demand destruction, limiting pass through to core inflation and reinforcing the case for an eventual dovish pivot.

But there are certainly risks that the gold price could face further pressure.

According to the WGC:

Should the conflict keep oil prices well in excess of US$100/bbl for an extended period – given that the somewhat muted response was reportedly due to buffers that no longer exist – this could risk further cross‑asset deleveraging, yield blow-outs, or gold mobilisation by the official sector.

Stay tuned!

The post March was the worst month for the gold price since June 2013. Now what? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Thursday
• 5 things to watch on the ASX 200 on Wednesday
• 5 things to watch on the ASX 200 on Tuesday
• Why Greatland Resources, Newmont, Northern Star, and Qantas shares are rising today
• Up 33% in 2 weeks, Northern Star share price surging again today on $500 million news

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.

Guzman Y Gomez (ASX: GYG) shares have been sizzling this week.

Shares in the S&P/ASX 200 Index (ASX: XJO) Mexican fast food restaurant chain closed last Thursday, ahead of the Easter holiday break, trading for $15.20.

Despite slipping 0.7% in intraday trade to $20.10 a share today, that sees the stock up a whopping 32.2% in less than three trading days.

While this will undoubtedly come as welcome news to recent investors, most longer-term shareholders will still be underwater.

Guzman Y Gomez shares were first available to select investor during the initial public offering (IPO) on 20 June 2024 for $22.00 each. The fast food stock ended that first day of trade at $30.00 a share, eventually peaking at $43.35 a share at market close on 6 December 2024.

What sent Guzman Y Gomez shares flying this week?

Investors reacted very positively to the company’s third quarter (Q3 FY 2026) sales update, released on Tuesday.

Guzman Y Gomez shares closed up a blistering 18.6% on the day after the company reported a 19.5% year on year increase in sales to $345.9 million.

The Mexican fast food chain opened five new Australian restaurants during quarter. And its Australian segment delivered the bulk of its sales, at $320.4 million.

The Australian business showed significantly stronger growth than its US market. Comparable sales growth in Australia came in at 6.6% compared to 2.2% in the US, where the company opened only two new stores during the quarter.

In the US, the company pointed to headwinds from the cessation of DoorDash deliveries in early March.

Looking ahead, management confirmed that the company on track to open 32 new restaurants in Australia in FY 2026.

Which brings us back to our headline question…

Should you buy the ASX 200 fast food stock today?

Morgans Financial’s Mitch Belichovski ran his slide rule over the company on 2 April, prior to GYG’s quarterly update release (courtesy of The Bull).

“Guzman Y Gomez owns, operates and franchises Mexican inspired quick service restaurants in Australia, Singapore, Japan and the United States,” he noted.

“The company’s premium valuation is predicated on expectations it will deliver material earnings per share growth over many years,” he added.

Explaining his sell recommendation on Guzman Y Gomez shares, Belichovski said:

In our view, the company is exposed to execution risk as it aggressively continues to open new restaurants in Australia. Australian earnings were up strongly in the first half of 2026. However, segment underlying EBITDA in the United States posted a loss of $8.3 million.

Belichovski concluded, “Management will need to narrow its losses in the US and increase the pace of US expansion to ultimately deliver value for shareholders.”

The post Up 32% this week, are Guzman Y Gomez shares a good buy today? appeared first on The Motley Fool Australia.

More reading

• 2 ASX 200 shares I rate as top buys for growth
• Top brokers name 3 ASX shares to buy today
• GYG shares skyrocket 33% this week: Is this the recovery we’ve been waiting for?
• Morgans names two ASX 200 shares to buy and one to sell this week
• Why Bank of Queensland, Guzman Y Gomez, NextDC, and Telix shares are racing higher today

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

ASX small-cap shares are underperforming on Thursday with the S&P/ASX Small Ordinaries Index (ASX: XSO) down 1% while the S&P/ASX All Ords Index (ASX: XAO) is just 0.15% lower.

At the start of 2026, fundies had high hopes for global small-caps given many Western nations, including the US, appeared poised to cut interest rates.

The war in Iran has changed that outlook.

A two-week ceasefire is now in place, however, the shock to energy supplies will take months to filter throughout Western economies.

Given oil’s flow-through effect to so many parts of the economy, including grocery prices, the impact may be enough to push up inflation.

Central banks are likely to respond by either hiking rates, or delaying previously anticipated rate cuts.

In Australia, inflation was resurgent even before the war began.

We’ve had two rate hikes already this year, and the market is pricing in a 60% chance of another one next month.

Higher interest rates are typically a headwind for small-caps, which are typically young companies using debt to fund their growth.

Here are 3 ASX small-cap shares that fund manager, Blackwattle, is backing for solid growth.

Blackwattle holds all three of these ASX shares in its Small Cap Quality Fund.

Lindian Resources Ltd (ASX: LIN)

The Lindian Resources share price is 88 cents, up 1.4% today.

This ASX rare earths mining share rose 26% over the past month, and is 782% higher over the past year.

Portfolio managers Robert Hawkesford and Daniel Broeren said:

Lindian Resources (+24.7%) is a rare earths miner in the final stages of bringing online its lead project, Kangankunde.

This is a unique asset given its low mining cost and extremely low capex requirements versus other rare earth projects globally.

For these reasons the company should be able to transition to production quickly, with first ore due later this year.

In March, Lindian announced a JV with a rare earths processor, which will allow it to produce a higher-grade concentrate.

This has materially increased the value of the company as it captures more of the value chain and taps into Western markets looking to pivot away from China supply.

Ridley Corporation Ltd (ASX: RIC)

The Ridley Corporation share price is steady at $2.74 on Thursday.

This small-cap ASX agribusiness share rose 2% over the past month, and is 14% higher over 12 months.

Blackwattle also holds this ASX share in its Small Cap Quality Fund.

Hawkesford and Broeren comment:

While the business may appear on the boring side, the excitement for us comes from the operational improvements executed by the management team under the current CEO, Quinton Hildebrand.

Hildebrand has guided the share price from 75c in 2020 to $2.90 by taking a strict focus on ROIC discipline.

Looking forward we are particularly excited about what can be delivered from the newly acquired fertiliser business, Incitec Pivot.

Superloop Ltd (ASX: SLC)

Superloop shares are $3.23, up 0.8% today.

This small-cap ASX telecommunications share rose 13% over the past month, and is 60% higher over 12 months.

Hawkesford and Broeren said:

Shares rose strongly in February following a well-received 1H26 result that demonstrated clear operating leverage and broad-based growth across all key metrics and segments.

Superloop continues to take market share from incumbent telecommunications providers, supported by its competitively priced high-speed broadband offerings and vertically integrated network.

Management commentary also reinforced confidence in the company’s growth trajectory, with continued subscriber additions and
improving scale across the platform expected to drive meaningful earnings expansion over the coming years.

The post 3 ASX small-cap shares this fund manager expects to outperform appeared first on The Motley Fool Australia.

More reading

• Why is this ASX rare earths share sinking 13% today?
• Why Dateline, Karoon Energy, Lindian, and PEXA shares are falling today
• Forget Telstra shares! Buy this fast-rising ASX 200 telco stock instead
• 20 ASX shares with ex-dividend dates next week

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

Zip Co Ltd (ASX: ZIP) shares are falling on Thursday, giving back a big chunk of the gains from yesterday’s huge rally.

In afternoon trade, the Zip share price is down 9.40% to $1.808.

That leaves the ASX fintech stock down roughly 45% in 2026, despite yesterday’s massive 19.46% jump to $1.995.

The strong gain on Wednesday came after Iran agreed to a temporary ceasefire with the US and Israel, which helped lift confidence across the broader share market.

Growth shares such as Zip were among the biggest winners from that improved mood.

But by today, that optimism has already faded.

Why Zip shares are falling today

The recent weakness comes as fresh Middle East developments again weigh on risk appetite across the share market.

Reports of Israeli attacks in Lebanon have raised doubts over how long the temporary ceasefire can last, reversing much of the confidence that drove yesterday’s rebound.

As a higher-growth fintech stock, Zip often sees larger swings when investors move away from riskier parts of the market and into more defensive areas.

The S&P/ASX 200 Information Technology Index (ASX: XIJ) has also come under pressure again today, down 6.93%, which has added to weakness across local tech shares.

That backdrop helps explain why Zip has gone from a near 20% rally yesterday to a fall of close to 10% today. And this is even without any company-specific update driving the move.

Big swings are nothing new for Zip

This kind of volatility has become a regular feature for Zip shares.

The stock has been moving wildly for months as investors respond to changing views on interest rates, consumer spending, and now the Middle East war.

Even before this week’s geopolitical developments, Zip had already seen some large moves.

Its half-year result in February triggered a big share price drop, despite the company reporting strong earnings growth, and continued momentum in the US business.

Since then, the stock has regularly bounced hard on good news, only to pull back again when market nerves return.

This week’s price action is another example of just how quickly the market’s view on Zip can change.

Foolish takeaway

Zip is clearly capable of delivering huge short-term moves, but that level of volatility would make it too unpredictable for my own portfolio.

While the growth story still has appeal, I would rather focus on more stable businesses that are also delivering solid earnings growth without the same headline-driven swings.

For me, there are simply better risk-reward opportunities elsewhere on the ASX.

The post Zip shares plunge again after yesterday’s 19% surge. Here’s what changed appeared first on The Motley Fool Australia.

More reading

• Are Zip Co shares a buy right now?
• Are Zip shares still a buy after soaring 20%
• 2 ASX shares highly recommended to buy: Experts
• Down 50% in 2026, Zip shares are ‘one of the most compelling value opportunities on the ASX’
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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.

iShares Core S&P/ASX 200 ETF (ASX: IOZ) investors will receive 32.53 cents per unit (rounded) in the next round of dividends.

BlackRock has announced the estimated distributions (dividends) for a range of its ASX iShares exchange-traded funds (ETFs).

The fund manager will pay investors on 21 April.

Dividends for iShares ASX ETFs

Here are the estimated dividends that investors will receive on 21 April.

The amounts will be finalised tomorrow, which is also the record date.

These iShares ETFs are trading ex-dividend today.

ASX ETF	Distribution
iShares 15+ Year Australian Government Bond ETF (ASX: ALTB)	65.43 cents per unit
iShares Core Cash ETF (ASX: BILL)	41.48 cents per unit
iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (ASX: GLIN)	16.7 cents per unit
iShares Core FTSE Global Property Ex Australia (AUD Hedged) ETF (ASX: GLPR)	19.5 cents per unit
iShares Core Composite Bond ETF (ASX: IAF)	80.61 cents per unit
iShares Core Corporate Bond ETF (ASX: ICOR)	105.24 cents per unit
iShares Core MSCI Australia ESG ETF (ASX: IESG)	28.44 cents per unit
iShares Treasury ETF (ASX: IGB)	40.52 cents per unit
iShares S&P/ASX Dividend Opportunities ESG Screened ETF (ASX: IHD)	15.70 cents per unit
iShares Government Inflation ETF (ASX: ILB)	43.33 cents per unit
iShares S&P/ASX 20 ETF (ASX: ILC)	31.72 cents per unit
iShares Core S&P/ASX 200 ETF (ASX: IOZ)	32.53 cents per unit
iShares Enhanced Cash ETF (ASX: ISEC)	49.66 cents per unit
iShares Yield Plus ETF (ASX: IYLD)	42.24 cents per unit

How is ASX IOZ performing?

The ASX IOZ aims to mirror the performance of the S&P/ASX 200 Accumulation Index, before fees and expenses.

The Accumulation Index is different to the S&P/ASX 200 Index (ASX: XJO) because it assumes the reinvestment of dividends.

Therefore, the index reflects total returns over a given period, whereas the benchmark ASX 200 Index only reflects capital gains.

This ETF provides an easy way to invest in the top 200 companies by market capitalisation on the ASX.

It includes exposure to the biggest ASX 200 banks and mining shares, which have traditionally paid some of the largest dividend yields.

They include the market’s largest company, Commonwealth Bank of Australia (ASX: CBA), as well as BHP Group Ltd (ASX: BHP) shares.

Over the 12 months to 31 March, ASX IOZ returned 11.71% to investors.

The ETF’s three-year average return is 9.47%. The five-year average return is 8.56%.

The management fee is 0.05%.

The post Own ASX IOZ or other iShares ETFs? Here is your next dividend appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has positions in BHP Group. 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 BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

PLS Group Ltd (ASX: PLS) shares are up slightly at the time of writing on Thursday, trading 0.47% higher at $5.30 a piece.

While the share price isn’t storming higher today, it comes off the back of some strong and consistent gains. 

Over the past month PLS shares have climbed 19.5%, they’re up 23% for the year-to-date and a huge 321% higher over the year.

With an upsized market cap of $17 billion, PLS was recently added to the ASX 50 index. At the time of writing, its shares are also the third highest annual performer on the ASX 200 Index.

What pushed PLS shares higher?

The Australian lithium miner’s shares have had an incredible run over the past year soaring from a 52-week low of $1.07 a piece in June last year to a 12-month high of $5.30 on Wednesday last week.

A lot of the share price increase is due to a rally in lithium prices and sentiment, primarily driven by a surge in interest in electric vehicles (EV) and battery energy storage. 

Global EV sales have been rising faster than carmakers can keep up, and demand for grid-scale energy storage amid a shift towards renewable energy is also soaring.

This is especially the case recently after ongoing conflict in the Middle East threatened global fuel supply and caused a rotation towards EVs as an alternative.

As owner and operator of one of the world’s largest independent hard rock lithium mines, Pilgangoora in Western Australia, PLS has naturally scooped up a lot of the demand.

But it’s not just market fundamentals which have pushed the company’s share price from strength to strength over the past year. The business is also booming too.

In February, the miner posted a bumped first-half FY26 results. It revealed a huge 47% jump in revenue, its underlying EBITDA flew 241% higher and net profit came in at $33 million (reversing a $69 million loss in the prior period).

PLS said that looking ahead, it will prioritise balance sheet strength and operational flexibility as lithium market conditions evolve. The company is also progressing projects in Australia and Brazil.

In other exciting news, the board has also indicated it would consider paying shareholders a dividend from its full-year results if the market remains promising. It hasn’t paid a dividend since 2023.

Can the share price keep storming higher? Or is it time to sell up?

Analyst sentiment on PLS shares is still mostly positive, even after the latest price rises.

TradingView data shows that nine out of 16 analysts have a buy or strong buy rating on the stock. Another seven analysts have a hold rating.

The average target price of $4.87 implies a potential 8% downside at the time of writing, but others think the shares could jump another 26.5% to $6.70.

Earlier this year UBS said it expects that an 11% increase in lithium demand could push the market into a deficit from 2026 onwards. Based on that, the broker has lifted its lithium (SC6 CFR China) forecast by 64% in 2026 to US$1,800 per tonne. The broker anticipates lithium prices could jump up to US$2,625 per tonne in 2028. 

This is great news for PLS as it positions itself to pick up even more demand. I think we could see plenty more out of the miner this year.

The post PLS shares jump 320% in 12 months: Buy, sell or hold? appeared first on The Motley Fool Australia.

More reading

• 2 ASX 200 mining shares this fund manager is backing for long-term growth
• Should I buy PLS Group shares in April?
• ASX 200 mining shares rebound after March sell-off creates opportunities
• Here are the top 10 ASX 200 shares today
• ASX lithium shares ‘compelling’ as top broker adjusts ratings

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.

Shares in Electro Optic Systems Ltd (ASX: EOS) were trading more than 5% lower on Thursday after the company revealed it had copped a $4 million fine from the Federal Court.

Disclosure issues to blame

Late on Wednesday, after trade on the ASX had closed for the day, EOS issued a brief statement saying it had been issued with a $4 million penalty in the Federal Court.

The company also agreed to pay the court costs of the corporate regulator, the Australian Securities and Investments Commission (ASIC).

EOS Chair Garry Hounsell said regarding the matter:

In recent years, the EOS Board and executive leadership team have been focused on strengthening the foundations of the business for sustainable growth, including resolving legacy issues connected to the challenging conditions the Company faced in 2022 and its market announcements in that year. The conclusion of the ASIC matter represents a key inflection point and enables greater focus on future growth and strategic priorities.

ASIC released a statement on Thursday saying the case regarded EOS failing “to disclose a materially significant downgrade to its 2022 revenue forecast to the market for approximately 14 weeks”.

The regulator went on to say:

Between May and June 2022, EOS advised the ASX that it expected its 2022 revenue to equal or exceed $212.3 million. By 25 July 2022, EOS became aware that its revenue was likely to be approximately $164 million, with a possibility of an additional $27 million. Despite this, EOS did not explicitly correct its guidance until 31 October 2022.

Boards on notice

ASIC Chair Joe Longo said the outcome reinforced the importance of timely and accurate disclosure to Australia’s financial markets.

This result demonstrates that continuous disclosure is fundamental to keeping investors properly informed. When a listed company becomes aware of material changes to guidance, it must act promptly to disclose these to the market. Delays in correcting market‑sensitive information undermine market integrity and investor confidence.

Federal Court Justice Ian Jackman accepted that a $4 million penalty was appropriate, giving regard to EOS’ size and financial resources, “to achieve both specific and general deterrence, without being oppressive or disproportionate”.

ASIC said it has separately commenced proceedings against the former Chief Executive Officer and Director of EOS, Dr Ben Greene, in relation to alleged breaches of directors’ duties.

Electro Optic Systems shares were 5.6% lower in early afternoon trade at $9.34.

The company was valued at $1.82 billion.

The post Why are shares in this ASX defence company tanking today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has positions in Electro Optic Systems. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Electro Optic Systems. 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.

Tamboran Resources Corporation (ASX: TBN) shares are tumbling on Thursday after returning from a trading halt.

In early afternoon trade, the Tamboran share price is down a massive 17.46% to 26 cents, following a major funding update.

The move stands out even more given the stock remains up 60% over the past 12 months, driven by rising confidence in its Beetaloo Basin gas plans.

Today’s sell-off suggests investors are weighing the dilution from the capital raise against the company’s next phase of growth.

Let’s take a closer look.

Big capital raise completed as trading resumes

According to the release, Tamboran has completed the US public offer and institutional entitlement component of its latest equity raise.

The company secured gross proceeds of US$103 million from the underwritten public offer, equivalent to roughly $147.1 million. This was alongside a further $86 million through the institutional entitlement offer.

That lifts funds already locked in to about $233 million, with the retail entitlement offer still to come. Eligible retail holders can subscribe for 1 new CDI for every 20 held at 25 cents each, with the offer closing on 27 April.

With the new CDI’s priced well below the last traded price of 31.5 cents before the halt, the market now has a clear short-term pricing reference.

Tamboran said the proceeds will be used to fund additional drilling in the Pilot Area and drilling in EP 161. Funds will also go toward further resource delineation across the Orion acreage and Beetaloo Central Development Area, as well as working capital and general corporate purposes.

Management says Beetaloo buildout is accelerating

Chief executive officer Joel Riddle said the raise supports what is expected to be the company’s busiest development phase yet.

Management said the funds should support Beetaloo Basin operations through to 2028, including lifting capacity above the contracted 40 terajoules a day.

The company also said first gas sales remain targeted for the September quarter of 2026, alongside continued appraisal work across its acreage.

That gives investors a clearer view of what the dilution is funding and which commercial milestones are coming next.

Foolish takeaway

The discounted raising appears to be the main reason for the sell-off, though broader market weakness is also adding pressure today.

A discounted raising of this size will often weigh on the share price in the short term, especially after such a strong 12-month run.

Even after the 17% drop, Tamboran remains up 60% over the past year, which shows investors are still backing the Beetaloo growth opportunity.

The next thing to watch is whether the newly funded drilling program can keep first gas timelines and development momentum on track.

The post Why this ASX energy stock just crashed 17% after a blockbuster year appeared first on The Motley Fool Australia.

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