Category: Stock Market

ASX defence technology shares are deep in the red today, despite no major negative company announcements.

The move appears driven by a shift in global sentiment rather than any company specific developments. Signs of easing tension in the Russia Ukraine conflict have reduced near term war risk, encouraging some investors to lock in profits across the defence sector.

Here is what is happening across 3 closely watched ASX defence tech stocks.

Electro Optic Systems Holdings Ltd (ASX: EOS)

EOS shares are lower today, trading around $8.49, down 6.19% at the time of writing.

The pullback follows an extraordinary run, with the stock delivering some of the strongest gains on the ASX over the past year. That rally was driven by surging global defence spending and a rapidly expanding contract backlog.

With no fresh catalyst this week, some investors appear to be locking in gains.

Droneshield Ltd (ASX: DRO)

Droneshield shares are trading lower at around $3.28, down 8.63%.

The company remains well positioned in the fast-growing counter drone and electronic warfare market. Recent updates showed continued commercial momentum, but the market remains sensitive to expectations around profitability and cash flow timing.

Elsight Ltd (ASX: ELS)

Elsight shares are also weaker, changing hands at roughly $4.15, down a massive 15.65%.

This comes despite Elsight recently reporting record revenue and its first profitable quarter. The move highlights how sentiment can override fundamentals in the short term, particularly in smaller technology stocks.

Elsight has benefited directly from elevated defence and drone demand over the past year. That exposure also makes the share price more sensitive when investors perceive global conflict risk to be easing.

Are peace talks driving the move?

A key reason behind today’s weakness appears to be easing war risk in Europe.

Investors are reacting to signs that diplomatic efforts to end the Russia Ukraine conflict may be gaining momentum. While no deal has been reached, the tone around negotiations has become more constructive in recent weeks.

Recent reporting points to continued talks involving Russia, Ukraine and the US, with a focus on a possible ceasefire and the foundations of a longer-term peace framework.

That said, major hurdles remain. Leaders involved in the talks have warned that issues around territory and long-term security guarantees are far from resolved. Fighting has also continued alongside negotiations, keeping the situation volatile.

Foolish takeaway

Today’s sell off in ASX defence tech stocks looks more like a sentiment driven pullback than a fundamental shift.

EOS, Droneshield and Elsight all operate in areas with long term demand tailwinds. However, after strong gains, even small signs of easing geopolitical tension can trigger profit taking.

The key question now is whether peace talk optimism persists, or if rising global defence spending continues to support the sector.

The post What is driving today’s sell off in ASX defence tech stocks appeared first on The Motley Fool Australia.

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• DroneShield stock is below $4. Should I buy?
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• Here’s what 100 Droneshield shares purchased 5 years ago are worth now

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 positions in and has recommended DroneShield and 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.

Boss Energy Ltd (ASX: BOE) shares have dropped 5.61% in Friday afternoon trade, to $1.94 a piece. But investors who invested in the uranium producer at the start of the year will still be sitting on a strong gain, with the company’s share price up significantly for the year-to-date.

For 2026 so far, Boss Energy’s shares are already up 23.57%. The stock is still currently trading 38.22% below levels seen this time last year. The shares hit a four-year low in mid-December so the increase has been welcomed by investors.

This means, $2,000 of shares invested in Boss Energy when the ASX first opened for the year on the 2nd of January, would now be worth $2,471.40! That’s a huge gain over a short period of time.

Why have Boss Energy shares jumped higher this year?

Uranium prices have skyrocketed over the past couple of weeks. Uranium futures in the US have surpassed the US$100 per pound mark in what is the highest trading price in nearly two years.

The price hike is largely due to overall improved uranium market fundamentals and also renewed global demand. With nuclear power on the agenda of many governments across the globe, there has been scramble over reliable, low-carbon electricity options. 

This demand spike has lifted sentiment for the uranium producer as investors reposition toward uranium assets.

Meanwhile, Boss Energy released its quarterly update this week. The producer reported strong production levels, robust operational performance and a lower cost per unit. Investors are clearly pleased with the results and it seems to have sparked some renewed interest in the company’s shares.

Are the shares a buy, hold or sell for 2026?

The share price rebound is good news for investors. But many are keen to know if this price rally will keep on going or if we should expect another crash.

The team at Bell Potter recently said it was pleased with Boss Energy’s latest performance. They noted that production was stronger than expected and its costs were lower than expected. But the broker also said it thinks the stock has reached fair value now. 

The broker has a hold rating on Boss Energy shares, with a $1.95 price target. That implies a minor 0.51% upside at the time of writing. 

TradingView data shows that analyst sentiment is incredibly mixed. Out of 16 analysts, 4 have a strong buy rating, 5 have a hold rating and 7 have a sell or strong sell rating. Although the average target price is $1.67 a piece, which implies a 12.87% downside from the share price at the time of writing.

The post $2,000 invested in Boss Energy shares at the start of 2026 is already worth… appeared first on The Motley Fool Australia.

More reading

• Is it too late to buy Boss Energy shares for uranium exposure?
• ASX 200 uranium shares: Buy 1, sell the other
• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today
• Why Benz Mining, Boss Energy, Develop Global, and Digico shares are storming 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.

Buying ASX shares to secure some welcome extra passive income?

Then you’ve likely considered S&P/ASX 200 Index (ASX: XJO) dividend powerhouses like Commonwealth Bank of Australia (ASX: CBA), Woodside Energy Group Ltd (ASX: WDS), and Fortescue Ltd (ASX: FMG).

All three ASX shares pay fully-franked dividends. Meaning you may be able to hold onto more of that passive income when the ATO comes knocking for its annual pound of flesh.

But which company offers the best yield?

We’ll dive into that in a tick.

But first, a reminder that the dividend yields you generally see quoted are trailing yields. Future yields may be higher or lower depending on a range of company-specific and macroeconomic factors.

In the case of Woodside, Fortescue, and CBA shares, key factors influencing both their share prices and dividends are oil and gas prices, the iron ore price, and the trajectory of interest rates.

With that in mind…

Tapping into Woodside, CBA, and Fortescue shares for passive income

Starting with CBA, Australia’s biggest bank paid out a record amount of passive income over the past year.

CBA paid a fully-franked interim dividend of $2.25 a share on 28 March. And eligible investors will have seen the final dividend of $2.60 a share hit their bank accounts on 29 September, for a full-year payout of $4.85 a share.

At the current CBA share price of $149.49, the ASX 200 bank stock trades on a fully-franked trailing dividend yield of 3.2%.

Despite paying record dividends, CBA’s dividend yield has fallen over the past few years following the outsized share price gains from late 2023 through to mid-2025. Despite the CBA share price falling 7.1% over the past 12 months, shares remain up 52.6% since 27 October 2023.

Moving on to the passive income on offer from Fortescue, the ASX 200 iron ore giant paid a fully-franked interim dividend of 50 cents per share on 27 March. Fortescue paid the final dividend of 60 cents per share on 26 September for a full-year payout of $1.10 per share.

While that’s the lowest payout in six years, at the current share price of $20.94, Fortescue trades on a fully-franked trailing dividend yield of 5.3%.

Fortescue shares have gained 9.4% over the last 12 months.

Rounding out our list of ASX passive income shares, Woodside paid a fully-franked interim dividend of 84.9 cents per share on 2 April. Eligible stockholders will have received the final dividend of 81.8 cents per share on 24 September.

That equates to a full-year dividend payout of $1.677 per share.

At the current Woodside share price of $25.37, the ASX 200 energy share trades on a fully-franked trailing dividend yield of 6.6%, leading this pack.

Woodside shares have gained 2.6% over the past full year.

The post Buying ASX shares for passive income? Here’s how Woodside, Fortescue and CBA shares stack up appeared first on The Motley Fool Australia.

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• Where will CBA shares be in 5 years?
• 3 ASX stocks I’m avoiding this week
• Why ASX 200 energy stocks like Santos and Woodside shares are ending the week with a bang
• Forget CBA shares and buy this ASX financial stock
• 5 things to watch on the ASX 200 on Friday

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.

The S&P/ASX 200 Index (ASX: XJO) is weaker on Friday, down 0.71% to 8,864.3 points.

The barnstorming materials sector is dragging the market down today as ripsnorting commodity prices take a breather.

As we covered this week, many ASX 200 mining shares are resetting their 52-week highs amid this emerging resources boom.

Left in the dust are several popular ASX 200 shares in other sectors trading at 52-week lows.

In this article, we look at three in that category.

All of them have come off extraordinary runs, and are in a process of price correction right now.

Take a look.

JB Hi-Fi Ltd (ASX: JBH)

JB Hi-Fi sells consumer electronics, electrical goods, and white goods through its JB Hi-Fi and The Good Guys networks.

The JB Hi-Fi share price hit a 52-week low of $79.44 yesterday.

This ASX 200 retail share enjoyed an extraordinary run from late 2023 through to late 2025, rising about 130%.

Many brokers are positive on the stock but have reduced their price targets recently.

RBC Capital Markets reiterated its buy rating on JB Hi-Fi this week but reduced its 12-month price target from $101 to $91.

UBS has a hold rating on the stock and also reduced its target from $110 to $94 this month.

Macquarie has a buy rating but reduced its price target this month from $121 to $112.

Temple & Webster Ltd (ASX: TPW)

Temple & Webster shares recorded a 52-week low of $11.96 on Friday.

This ASX 200 homewares retail share also started roaring in late 2023.

Temple & Webster shares ripped about 220% higher between December 2023 and August 2025.

This month, Goldman Sachs reiterated its buy rating on Temple & Webster shares with a price target of $28.

Earlier this week, my colleague, Marc, outlined three reasons why he thinks this ASX 200 retail share is a buy now.

Wisetech Global Ltd (ASX: WTC)

The Wisetech share price hit a 52-week low of $58.01 today.

The tech sector’s No.1 share by market capitalisation was a flyer between mid-2022 and early 2025.

The Wisetech share price rose about 245% over that period.

Last year was challenging due to governance issues, disappointment over the FY25 results, and a broader decline in tech shares.

The result: Wisetech shares have halved in value over the past 12 months.

But top broker Morgans sees a recovery ahead.

Last month, Morgans retained its buy rating on Wisetech and revised its share price target to $112.50 following the company’s investor day.

Morgans commented:

WTC’s FY25 investor day highlighted the group’s progress and broader outlook for a number of key near to medium-term growth initiatives, which in our view continues to see the group in a solid position to drive value.

This month, Citi reiterated its buy rating on Wisetech shares with a price target of $109.15.

Jarden reiterated its hold rating and raised its price target from $73 to $74.

The post 3 ASX 200 shares trading at 52-week lows: Are they a buy? appeared first on The Motley Fool Australia.

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• This ASX 200 tech stock just hit a 2-year low. Is it worth a closer look?

Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group, Macquarie Group, Temple & Webster Group, and WiseTech Global. The Motley Fool Australia has positions in and has recommended Macquarie Group and WiseTech Global. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Fortunately in the current environment, there are lots of ASX gold stocks for Australian investors to choose from on the local share market.

One that Bell Potter thinks has just become an even stronger buy is named below. Let’s see why the broker has just upgraded its valuation.

Which ASX gold stock?

The gold miner that Bell Potter is bullish on is Alkane Resources Ltd (ASX: ALK).

Following its merger with Mandalay Resources last year, the company owns the Costerfield gold-antimony mine in Victoria, the Björkdal gold mine in Sweden, and the Tomingley Gold Operation in Australia.

Bell Potter was very pleased with the ASX gold stock’s performance in the second quarter, with its costs and production slightly better than expected. It said:

ALK released its December 2025 quarterly report, for which group production and costs tracked ahead [of] our forecasts and guidance. Group production was 43,633oz gold equivalent (Aueq) inclusive of 267t antimony (Sb) for the first full quarter of consolidated production from the merged ALK and Mandalay assets. This compared with our forecast of 41,291oz Au plus 227t Sb and guidance of ~42koz Aueq for the full quarter.

All-In-Sustaining-Costs (AISC) were A$2,739/oz, marginally below our forecast of A$2,780/oz and within guidance A$2,600-A$2,900/oz. Production improved at all assets, with higher grades a feature. AISC were well controlled and benefitted from a high by-product credit contribution on higher antimony prices.

Overall, the broker believes management deserve a lot of credit for this strong performance. It adds:

This is a very strong quarterly report and a great first full quarter of operations and integration for ALK. The improved operational performances across the asset portfolio through a period of change are a credit to ALK, from its mine operators to top level management.

Time to buy

According to the note, the broker has retained its buy rating on this ASX gold stock with an improved price target of $1.95 (from $1.40). Based on its current share price of $1.59, this implies potential upside of 23% for investors over the next 12 months.

This valuation upgrade has been driven largely by significant increases to its earnings per share (EPS) estimates to reflect higher gold price forecasts. It explains:

EPS changes in this report are: FY26: +37%; FY27: +69% and FY28: +58%, largely driven by our increased gold price forecasts. ALK offers multi-mine gold and antimony exposure, a strong balance sheet and platform focussed on organic and inorganic growth options. With this update our NPV-based target price increases 39%, to $1.95/sh,.

The post Why Bell Potter just upgraded its valuation of this ASX gold stock by 39% appeared first on The Motley Fool Australia.

More reading

• Which gold miner has just reported record production results?
• Up 177% in a year, why is this ASX 300 gold stock leaping higher again on Friday?

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.

The Vulcan Energy Resources Ltd (ASX: VUL) share price is under pressure on Friday following the release of the company’s latest quarterly update.

At the time of writing, the lithium developer’s shares are down 3.36% to $4.03. This is despite the company outlining what it described as one of the most important periods in its history.

So, what did investors make of it? Let’s unpack.

A transformational quarter for Vulcan

According to the release, Vulcan secured a comprehensive 2.2 billion euro (roughly $3.9 billion) financing package. The funds will be used to support construction of the company’s phase one of its Lionheart Project in Germany’s Upper Rhine Valley.

That package allowed Vulcan’s board to approve a positive final investment decision (FID) in December, marking a major turning point. With that decision in place, Lionheart has moved out of development and into full execution mode.

Phase one Lionheart targets annual production of 24,000 tonnes of battery grade lithium hydroxide, alongside renewable geothermal power and heat. Vulcan is positioning the project as Europe’s first fully integrated, carbon-neutral lithium supply chain.

Construction activity ramps up

During the quarter, Vulcan commenced construction of its integrated geothermal lithium extraction plant in Landau. Development also progressed at its central lithium processing plant in Frankfurt Hochst.

Vulcan finished drilling at the LSC-1 site, and the results showed the wells are producing as expected. A follow-up well drilled in January confirmed those results, with testing equipment running at maximum capacity.

On the commercial front, Vulcan signed an offtake agreement with Glencore covering between 36,000 and 44,000 tonnes of lithium hydroxide over an initial 8-year period.

A look at the balance sheet

Vulcan’s quarterly cash flow report highlights just how significant the funding milestone was.

The company ended the December quarter with cash and cash equivalents of 523 million euros. During the period, Vulcan recorded net financing inflows of more than 508 million euros, reflecting proceeds from equity issues tied to the phase one financing package.

The company is well funded to progress construction, even as operating and investing cash outflows remain elevated during the build-out.

So why are shares falling?

Today’s share price reaction appears more about short-term expectations rather than fundamentals.

Vulcan shares rallied strongly in anticipation of the FID and financing outcome. With those key approvals now behind it, some investors appear to be taking profits while others reassess the next phase.

It also reflects a shift in focus from milestones to execution, with investors now watching closely for delivery risk, cost control, and timeline certainty as construction activity accelerates.

The post Why is the Vulcan share price down today? appeared first on The Motley Fool Australia.

More reading

• Up 10% in a month. Is this ASX lithium stock finally back on track?
• Bell Potter names the ASX lithium stocks to buy

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.

For a lot of investors, the real appeal of the share market is not just watching a portfolio value move around on a screen. It’s the idea of generating a reliable income stream that can grow over time.

That’s where ASX dividend shares tend to shine. Unlike savings accounts or term deposits, shares offer the potential for two sources of return. There is income through dividends, and there is capital growth as the underlying businesses expand. On top of that, Australian investors benefit from franking credits, which can materially lift after-tax returns for many people.

With that in mind, let’s look at what a $300,000 ASX share portfolio could realistically deliver in dividends, using two different dividend yield scenarios.

A conservative income approach with blue chips

One way I could build an income-focused portfolio is to lean on large, established ASX shares with long dividend track records. Think businesses like BHP Group Ltd (ASX: BHP), Telstra Group Ltd (ASX: TLS), or Transurban Group (ASX: TCL).

These types of companies may not always offer the highest yields on the market, but they tend to provide a balance of income stability, resilience across cycles, and dividend growth over time.

A diversified portfolio of high-quality blue chips can often deliver a dividend yield of around 4% without taking on excessive risk. Importantly, much of that income is typically franked, which boosts its value for Australian investors.

Chasing higher yield comes with trade-offs

It is possible to push the income higher. A 5% dividend yield from an ASX portfolio is achievable, but it usually requires tilting toward higher-yielding sectors and stocks.

This might include infrastructure, REITs, energy infrastructure, or companies whose share prices have fallen, lifting the headline yield. While that can look attractive on paper, it comes with trade-offs.

Higher yields are not always sustainable. Sometimes they reflect genuine value. Other times, they are a warning sign that earnings are under pressure or that a dividend cut is a real possibility. This is what investors often refer to as a value or yield trap.

That doesn’t mean a 5% yield strategy is wrong. It just means the margin for error is smaller, and portfolio construction becomes more important.

So, how much income are we really talking about?

Let’s now answer the key question.

At a 4% dividend yield, a $300,000 ASX share portfolio would generate around $12,000 per year in dividends. That works out to roughly $1,000 per month before franking credits.

At a 5% dividend yield, the same portfolio would generate about $15,000 per year in dividends, or roughly $1,250 per month before franking credits.

Foolish Takeaway

The key takeaway for me is that dividend income from ASX shares is flexible. Investors can dial risk up or down depending on their needs, time horizon, and tolerance for volatility.

A $300,000 portfolio is not about getting rich overnight. But when invested thoughtfully, it has the potential to deliver a growing income stream that beats cash over time, while also offering capital growth along the way.

That combination is what I think makes ASX dividend investing so compelling for long-term investors.

The post How much could a $300,000 ASX share portfolio pay in dividends? appeared first on The Motley Fool Australia.

More reading

• Why Bell Potter just upgraded its valuation of this ASX gold stock by 39%
• Why is the Vulcan share price down today?
• Brokers name 3 ASX shares to buy today
• 4 ASX mining shares just re-rated by Morgans
• 4DMedical shares jump again today. Here’s what investors liked

Motley Fool contributor Grace Alvino has positions in Transurban Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has positions in and has recommended Telstra Group and Transurban Group. 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.

It has been another busy week for many of Australia’s top brokers. This has led to the release of a number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone right now:

Iluka Resources Ltd (ASX: ILU)

According to a note out of Macquarie, its analysts have upgraded this mineral sands producer’s shares to an outperform rating with a reduced price target of $6.50. The broker made the move on valuation grounds following significant share price weakness. And while the broker acknowledges that its guidance for FY 2026 and sizeable one-off charge were disappointing, they are not enough to deter the broker from recommending it. Especially with its revenue coming in stronger than expected during the fourth quarter. The Iluka Resources share price is trading at $5.44 on Friday afternoon.

Liontown Ltd (ASX: LTR)

A note out of Bell Potter reveals that its analysts have retained their buy rating on this lithium miner’s shares with a trimmed price target of $2.42. The broker highlights that Liontown’s quarterly update was softer than expected for production and revenues, but that its unit costs were better than expected. Bell Potter points out that Liontown will be ramping up and de-risking its Kathleen Valley lithium project over the next 18 months. And with the current lithium price strength, it believes the company can rapidly generate cash to support incremental production expansions and shareholder returns. Additionally, it points out that Kathleen Valley is highly strategic in terms of scale, long project life, and location in a tier-one mining jurisdiction. The Liontown share price is fetching $1.88 at the time of writing.

Mineral Resources Ltd (ASX: MIN)

Another note out of Bell Potter reveals that its analysts have retained their buy rating on this mining and mining services company’s shares with an improved price target of $70.00. This follows the release of a quarterly update which was stronger than Bell Potter was expecting. The broker was also pleased to see that Mineral Resources is upgrading its spodumene production to take advantage of recent strength in lithium prices. In addition, it notes that Mineral Resources’ balance sheet is deleveraging, which bodes well for the future. The Mineral Resources share price is trading at $57.83 on Friday.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

More reading

• 4 ASX mining shares just re-rated by Morgans
• Is the Mineral Resources share price going to hit $70.00 this year?
• 5 things to watch on the ASX 200 on Friday
• Why Liontown shares could continue to roar higher
• Why Brainchip, Galan Lithium, Iluka, and Ora Banda shares are tumbling 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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX mining shares are all the rage at the moment as many commodity prices continue to roar higher, particularly gold.

In 2025, the materials sector, which incorporates mining stocks, soared 32% and produced total returns, including dividends, of 36%.

It outperformed the benchmark S&P/ASX 200 Index (ASX: XJO) by more than 4:1.

And the momentum is continuing in 2026, with materials up 9.5% compared to the ASX 200, up 1.6%.

Top broker Morgans has just re-rated a bunch of ASX mining shares, so let’s see what they had to say about these four names.

Regis Resources Ltd (ASX: RRL)

Morgans maintained a hold rating on this ASX gold mining share after the company released its latest quarterly report.

However, the broker raised its 12-month share price target significantly from $6.17 to $8.05 due to the runaway gold price.

The Regis Resources share price is $8, down 6.2% on Friday.

Morgans said:

RRL delivered a strong 2Q26, with group gold production of 96.6koz Au supporting record quarterly cash and bullion generation of A$255m, lifting the balance to A$930m.

The result was underpinned by stable performance at Duketon, a sharp uplift in gold sales at Tropicana and continued strength in spot gold prices.

The gold price went close to US$5,600 per ounce this week, and has risen by more than 20% in January alone.

Liontown Ltd (ASX: LTR)

Morgans kept its trim rating on Liontown shares after the lithium producer filed its second-quarter update this week.

The broker increased its 12-month share price target substantially from 89 cents to $2.

The Liontown share price is currently $1.89, down 8%.

The broker said:

2Q26 result beat expectations on production and costs.

Balance sheet de-risked following LG Energy Solution’s election to convert its US$250m convertible notes into equity, removing debt and strengthening flexibility despite dilution.

Maintain TRIM with much of the near-term upside factored into its share price.

Mineral Resources Ltd (ASX: MIN)

Morgans maintained its hold rating on Mineral Resources shares after the miner released its second-quarter report.

But it also raised its 12-month share price target from $47.40 to $66.

The ASX mining share is trading at $58.68, down 3.8% on Friday.

The broker commented:

2Q26 result beat expectations across all divisions.

Lithium optionality increases in the current pricing environment, with potential to increase volumes at Mt Marion and Wodgina and re-start Bald Hill.

Deleveraging has accelerated. Net debt now sits at A$4.9bn (A$5.4bn last quarter).

Valuation appears full at 7x ND/EBITDA but strong execution, balance sheet momentum and a supportive commodity backdrop underpins ongoing exposure.

True North Copper Ltd (ASX: TNC)

Morgans has initiated coverage on this ASX copper mining share with a speculative buy rating and a price target of $1.20 per share.

The True North Copper share price is currently 58 cents, down 3.3%.

True North Copper provided a mineral resource update on its Cloncurry Copper Project this week and released its quarterly activities report today.

Morgans said:

We initiate coverage on TNC following a period of successful exploration led growth, project planning and renewed corporate strategy which importantly avoids early production commitments and debt-funded development, materially reducing financial risk relative to prior operating models employed by previous management.

TNC’s strategy is structured around three pillars: develop, grow, discover with Mt Oxide providing district-scale exploration leverage through the Vero, Aquila and other emerging discoveries, and Cloncurry offering optionality around near-term development and cashflow generation.

ASX copper mining shares surged yesterday after the copper price reached a new record above US$6.30 per pound.

The post 4 ASX mining shares just re-rated by Morgans appeared first on The Motley Fool Australia.

More reading

• Brokers name 3 ASX shares to buy today
• Is the Mineral Resources share price going to hit $70.00 this year?
• 5 things to watch on the ASX 200 on Friday
• Why Liontown shares could continue to roar higher
• This ASX lithium stock is being sold off today. Here’s why

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.

4DMedical Ltd (ASX: 4DX) shares are trading higher on Friday following two announcements released at the market open. These included the company’s quarterly update and a fresh commercial development.

At the time of writing, the 4DMedical share price is up 6.12% to $3.64.

The move comes as investors digested positive signs of commercial progress and steady operational momentum.

Here is what stood out.

CT:VQ commercial rollout gathers pace

The key highlight from today’s update is that CT:VQ has moved beyond regulatory approval and into full commercial execution.

4DMedical describes CT:QV as ‘non‑contrast post‑processing technology that transforms routine, chest CTs into quantitative, lobar ventilation (V) and perfusion (Q) maps—without injected contrast or radioisotopes. Delivered via software-as-a-service, results are returned directly into the radiology workflow for interpretation alongside the source CT images.’

During the December quarter, CT:VQ continued to gain traction across leading US academic medical centres. The technology is now in use at Stanford, the Cleveland Clinic, UC San Diego Health, the University of Miami, and the University of Chicago Medicine.

In a separate announcement released this morning, 4DMedical confirmed that UChicago Medicine has expanded its partnership to include commercial deployment of CT:VQ. This makes it the 5th top-tier US academic centre to adopt the product within 5 months of FDA clearance.

Management highlighted that these early adopters act as high-value reference sites, supporting broader US commercial rollout and clinician adoption.

Philips partnership strengthens revenue visibility

Another important driver is the expanding distribution agreement with Philips.

Under the revised arrangement, Philips will distribute CT:VQ across healthcare systems in the United States and Canada. The minimum contractual order commitment is roughly $15 million over 2 years.

This provides 4DMedical with improved revenue visibility as CT:VQ scales, while leveraging Philips’ established sales network to accelerate market penetration.

Health Canada regulatory approval during the quarter further expands the addressable market and opens the door to commercial sales across Canada.

Operating momentum continues to build

Underlying SaaS revenue grew 31% in H1 FY26, with customer receipts up 16% quarter on quarter to $1.5 million. The company delivered SaaS products across 430 sites globally, up 43% year on year, and processed 77,560 scans in Q2, an increase of 115%.

Net operating cash outflows declined 21% quarter on quarter to $9.8 million, reflecting ongoing cost discipline as revenue scales.

A well-funded balance sheet

4DMedical ended the quarter with $56.8 million in cash, rising to a pro forma balance of $206.2 million following a $150 million institutional placement completed in January.

Management estimates the company has around 5.8 quarters of funding available at current burn rates. This gives it ample runway to execute its US commercial strategy.

Foolish takeaway

Today’s share price move reflects growing confidence that CT:VQ is shifting from development toward execution.

Adoption by leading US hospitals and a strengthened partnership with Philips are supporting the rollout.

4DMedical also enters 2026 with a well-funded balance sheet.

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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.