Qantas Airways Ltd (ASX: QAN) shareholders have had a brutal month. This time last month, the national carrier’s share price was sitting at $10.65 a share. Today, those same shares are worth just $8.77 at the time of writing. And that’s after today’s 5.1% rally (so far). As of yesterday’s closing price of $8.34, Qantas stock was down by almost 22% over the previous month.  

As of current pricing, the broader S&P/ASX 200 Index (ASX: XJO) has lost 6.35% since 25 February. So, Qantas has been a disproportionate loser for investors during this tough period. 

The obvious catalyst for this underperformance is the ongoing US-Iran war. 

Qantas is being hit from all angles here. The most obvious headwind the airline is facing is oil prices. With Brent crude surging past US$100 a barrel amid the escalating conflict in the Middle East, Qantas is staring down one of the sharpest spikes in its single largest fixed cost in years. Fuel typically accounts for somewhere between 20% and 25% of an airline’s total costs. When it moves this quickly, there is little management can do to offset the hit in the short term. 

But Qantas’ pain doesn’t end with oil. The war has also disrupted some of the busiest airline routes in the world, with popular airports in Dubai and Abu Dhabi now under constant threat. 

Further, airlines are sensitive to broader economic growth – Australians (along with everyone else) tend to cut back on travel when they are worried about economic uncertainty. With global growth in doubt thanks to the spike in energy prices we are seeing, demand for air travel over at least the remainder of 2026 is arguably looking a little shaky.  

But I think this sell-off raises much bigger questions than just what oil prices do next.

Should investors buy the dip on Qantas stock?

I’ve never been a huge fan of airline stocks as long-term investments.  

Airlines are capital-intensive businesses that require enormous ongoing investment just to keep operating. They face fierce competition, thin margins, powerful unions, and huge sensitivity to an endless array of potential external shocks that no CEO can control. Oil prices, pandemics, geopolitical crises, recessions. The list goes on. 

I’ve got nothing against Qantas itself. It is a well-run airline that has delivered some impressive results in recent years. Its Frequent Flyers program is one of the most valuable assets in corporate Australia.

However, it is difficult for even a well-managed company to be a lucrative long-term investment if it operates in a structurally difficult industry. Just as having the best house on a bad street doesn’t guarantee prosperity. 

For my money, there are simply better places on the ASX to park long-term capital. Companies with genuine moats, recurring revenue, and the ability to raise prices without losing customers. The kind of businesses that don’t need oil prices to cooperate in order to turn a consistent profit. 

As such, I wouldn’t be buying Qantas shares at $8.77 today, or indeed at $4.77 if they got back to that pricing. There are simply better investments elsewhere, at least in my view.

The post Qantas stock is down 17.7% in a month. Time to buy? appeared first on The Motley Fool Australia.

More reading

• Down 15% in March, should you buy Qantas shares today?
• 3 massively popular ASX 200 shares experts say to sell (inc. CBA)
• Why BHP, EchoIQ, Life360, and Qantas shares are racing higher today
• Why is the Woodside share price getting smashed on Tuesday?
• Buy, hold, sell: CBA, QBE, and Qantas shares

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.

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is having a strong session and is pushing notably higher. At the time of writing, the benchmark index is up 1.85% to 8,535.6 points.

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

Amplitude Energy Ltd (ASX: AEL)

The Amplitude Energy share price is down 35% to $1.72. Investors have been selling the energy company’s shares following an update on drilling operations at its Isabella prospect in the Offshore Otway Basin, located in Victoria. Amplitude Energy advised that pressure depletion during the testing period does not support a commercial development of the Isabella field. As a result, the well will now be plugged and abandoned. The company’s managing director and CEO, Jane Norman, said: “The result at Isabella is disappointing but geological data from this well will help inform our future exploration prospects.”

Atlas Arteria Group (ASX: ALX)

The Atlas Arteria share price is down 4% to $4.34. This has been driven by the toll road operator’s shares going ex-dividend this morning for its final dividend for FY 2025. Last month, when Atlas Arteria released its full-year results, it declared a final dividend of 20 cents per share. Eligible shareholders can now look forward to receiving this next month on 9 April.

Computershare Ltd (ASX: CPU)

The Computershare share price is down over 2% to $27.75. This may have been caused by a broker note out of Ord Minnett this morning. According to the note, the broker has downgraded the share registry company’s shares to a hold rating with a $36.75 price target.

Woodside Energy Group Ltd (ASX: WDS)

The Woodside share price is down almost 4% to $33.45. Investors have been selling Woodside shares after oil prices sank overnight and during Asian trade on Wednesday. This has been driven by optimism that a US-Iran peace deal could be on the horizon. It isn’t just Woodside shares that are falling today. The S&P/ASX 200 Energy index is down 2.3% at the time of writing.

The post Why Amplitude Energy, Atlas Arteria, Computershare, and Woodside shares are falling today appeared first on The Motley Fool Australia.

More reading

• 3 ASX dividend shares yielding 9% (or more)
• 5 things to watch on the ASX 200 on Wednesday
• 5 most traded ASX 200 shares since the war began
• Oil slides below US$100 as tensions shift, ASX energy stocks pull back
• Why is the Woodside share price getting smashed on Tuesday?

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 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 All Ordinaries Index (ASX: XAO) is highly unlikely to rocket 112% over the next year, but this ASX mining share is forecast to do just that, according to the investment team at Moelis Australia.

The potentially money-doubling stock in question is Carnaby Resources Ltd (ASX: CNB). And that estimate comes atop today’s outsized gains.

Indeed, Carnaby Resources shares are on fire today.

The ASX mining share closed yesterday trading for 36.5 cents. In early afternoon trade on Wednesday, shares are changing hands for 42.5 cents apiece, up 16.4%.

We’ll look at why Moelis expects that today’s gains are just the tip of the iceberg below.

But first…

Why is the ASX mining share rocketing today?

Carnaby Resources is primarily focused on its Greater Duchess Copper Gold Project, located in Queensland.

Investors are piling into the ASX mining share today after the company announced new high-grade exploration drill results at Greater Duchess.

Carnaby reported top results from one drill hole of 8.1 metres at 9.9% copper equivalent, including 4.3 metres at 16.5% CuEq from 475 metres.

“These results are important as they demonstrate the excellent down plunge continuity of the extremely high-grade breccia shoot mineralisation over at least 600 metres below the Ore Reserve Open pit,” Carnaby Resource managing director Rob Watkins said.

“The Trek 1 extension is shaping up as a very significant high-grade discovery which will be adding valuable mineral inventory to the Greater Duchess Project Mineral Resources,” he added.

Which brings us to…

Why Moelis is bullish on Carnaby Resources shares

Prior to today’s announcement, Moelis reiterated its buy rating on the ASX mining share.

According to the broker:

The defining feature of CNB in our view remains the low-capital pathway to the commencement of production. The planned development pathway will not require the construction of a concentrator, given the company’s toll treatment agreement with Glencore at the nearby Mt Isa concentrator and accompanying offtake.

From an economic perspective, this may not be the most value additive approach if CNB were capital unconstrained, however, in this market, we think investors will be more interested in avoiding risk than academic arguments around the value of fixed infrastructure if CNB were to build a new facility.

Moelis also highlighted the production potential of Greater Duchess, as revealed by Carnaby Resources’ updated pre-feasibility study (PFS) and maiden Ore Reserve estimates.

The broker noted that headline elements include:

• 12-year production profile, producing ~15kt Cu Eq on average per annum
• MA Est. pre-production capex A$15m, pre-tax NPV (13%) at spot prices: A$650m. MA Est. expected IRR ~130%
• Feasibility study on track for completion June Q (2026) with FID expected within the current half. First production slated for 2H CY26
• Maiden Ore Reserve of 8.4mt grading 1.7% Cu & 0.3g/t Au for 164kt Cu Eq

Connecting the dots, Moelis has a 12-month price target of 90 cents per share on Carnaby Resources.

That represents a potential 111.8% upside from this ASX mining share.

The post Why this buy-rated ASX mining share is tipped to surge 112% appeared first on The Motley Fool Australia.

More reading

• This ASX copper company’s shares are defying a weak market after good project 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.

Myer Holdings Ltd (ASX: MYR) shares are looking cheap following the company’s first half results, according to the team at Canaccord Genuity, which thinks they could more than double.

Solid first-half result

Myer this week reported that first-half sales had jumped 24.5% to $2.279 billion. These results included the Myer Apparel Brands division for the first time.

The company said it had a record Black Friday sales period and that “total sales for the Group through December and January in line with the prior corresponding period.”

The company’s underlying net profit came in at $51.7 million, up 21.7%, and its statutory net profit came in at $40.3 million, up 32.8%.

Myer executive chair Elizabeth Wirth said it was a solid result.

Our 1H26 result reflects momentum across our business as we continue to implement the Myer Group Growth Strategy. Sales growth was achieved both in store and online, and our disciplined cost management allowed us to make targeted investments including in eCommerce, Marketing, Product, Merchandise and Supply Chain to deliver on our plan. The relaunched MYER one has a record 5.1 million active members, demonstrating the growing traction with our customers. The program provides valuable understanding of what our customers want and how they prefer to shop. These insights are helping inform our revamped offering across the key categories of womenswear and beauty, where we have welcomed La Mer, TOPSHOP and GAP to Myer, with more brand announcements to come.

Ms Wirth said in the second half the company would be focused on improving the loyalty program, “and continuing activities to integrate Myer Apparel Brands, as well as resetting our fashion and beauty offerings”.

The company had net cash of $287 million at the end of the half.

Myer shares looking cheap

The Canaccord Genuity team said the results were “largely as expected”, albeit with some softer-than-expected trading through December and January, “taking the gloss off what could have been a defining result”.

They added:

Management seemed confident in the near-term trajectory, noting multiple initiatives are now well underway and that the business has been working with a tough consumer for some time now. Brand ranging and exclusivity dynamics are progressing at pace with a statement of the day being “It’s more around looking at the data and understanding where we’ve got trust and where we have a right to play.

The Canaccord team said the foundations of the business look firmer with operating costs under control, and an improved second half expected.

Canaccord has a price target of 73 cents on Myer shares, down from 79 cents, but still well above the current share price of 30.2 cents.

The company is currently valued at $501.9 million.

The post Which ASX retail stock could soar more than 100% if this broker is right? appeared first on The Motley Fool Australia.

More reading

• Why DroneShield, Guzman Y Gomez, IAG, and Myer shares are falling today
• Guess which ASX 300 stock is jumping 17% on strong results

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

PEXA Group Ltd (ASX: PXA) shares edged around 3.6% higher today after the company announced that UK banking giant NatWest is now live on its digital property platform.

It’s a modest move, but the underlying development is more meaningful than the share price might suggest.

This marks the completion of a remortgage implementation program, with NatWest now actively transacting on PEXA’s UK platform.

For investors watching PEXA’s international expansion, this is a step forward.

Why this matters

PEXA dominates the Australian market, facilitating around 90% of all property settlements.

The UK is the next frontier, but it comes with a very different structure. The process remains fragmented, manual, and heavily reliant on paper-based systems.

That creates opportunity, but also significant execution risk.

Getting a major bank like NatWest live on the platform shows that PEXA can integrate into the UK system and work with large incumbents.

NatWest is initially using PEXA for remortgage transactions, with Optima Legal, a PEXA subsidiary, acting as the conveyancer during the early stages of rollout.

The next phase will involve enabling sale-and-purchase transactions, which represent a larger and more valuable segment of the market.

The bigger picture

PEXA’s long-term growth story depends on successfully exporting its platform model into large international markets. The UK is the first real test case.

That model relies on network effects, with banks, conveyancers, and other participants all needing to adopt the platform for it to become embedded.

NatWest going live is a meaningful validation point, but it is still early in that process.

What investors should watch

The focus now shifts to broader adoption and scaling.

Will other major UK banks follow? Will independent conveyancers come onto the platform? And can PEXA expand beyond remortgages into higher-value transactions? That’s what investors will be looking out for.

For now, PEXA is starting to demonstrate it can execute in the UK. The real question is whether it can build the scale needed to replicate its Australian success.

The post PEXA goes live with NatWest in the UK. Is this the breakthrough investors have been waiting for? appeared first on The Motley Fool Australia.

More reading

• PEXA Group shares in focus as NatWest goes live on UK platform
• Brokers rate these 2 top ASX shares as buys in March
• Broker recommends investors accumulate these ASX shares
• Here are the top 10 ASX 200 shares today
• Why 4DMedical, Block, PEXA, and Weebit Nano shares are launching higher today

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

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a strong gain. At the time of writing, the benchmark index is up 1.95% to 8,544.3 points.

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

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is up 34% to $6.21. Investors have been buying this respiratory imaging technology company’s shares after it made a big announcement. 4DMedical revealed that its CT:VQ technology has been deployed at the Mayo Clinic in the United States. The company’s managing director and CEO, Andreas Fouras, commented: “Mayo’s deployment is uniquely significant. When the world’s number one hospital chooses to use your technology, it sends the strongest possible signal to the entire U.S. healthcare market about the clinical value and readiness of CT:VQ.”

Brazilian Rare Earths Ltd (ASX: BRE)

The Brazilian Rare Earths share price is up 8.5% to $4.44. This morning, this rare earths developer revealed that it has secured a Trial Mining Licence from Brazil’s National Mining Agency for its Monte Alto project in Bahia. This allows for the extraction of up to 2,000 tonnes per annum of material from the deposit. The company’s managing director and CEO, Bernardo da Veiga, said: “Securing the Trial Mining Licence is a significant milestone for Monte Alto and a major step forward in BRE’s integrated ore-to-oxides development pathway in Brazil.”

Clarity Pharmaceuticals Ltd (ASX: CU6)

The Clarity Pharmaceuticals share price is up 18% to $3.63. This has been driven by news that the radiopharmaceuticals company has signed a large-scale manufacturing agreement with US-based company Theragenics. This gives Clarity access to a 134,000 square foot production facility with 14 cyclotrons capable of producing copper 64 at scale. The company notes that copper 64 offers a key advantage over traditional isotopes. This is due to its longer half-life of around 12.7 hours, which provides a shelf life of up to 48 hours.

Tuas Ltd (ASX: TUA)

The Tuas share price is up 5.5% to $6.33. This morning, this Singapore-based telco released its half-year results for FY 2026. Tuas revealed a 25.5% increase in revenue to S$91.9 million and a 27.2% jump in underlying EBITDA to S$41.1 million. Management advised that this strong growth reflects sustained improvement across all key financial metrics, supported by disciplined cost management and operating leverage.

The post Why 4DMedical, Brazilian Rare Earths, Clarity, and Tuas shares are racing higher today appeared first on The Motley Fool Australia.

More reading

• Clarity Pharmaceuticals shares are up 12% today. Here’s what’s driving the move
• Why is this ASX rare earths stock storming 7% higher today?
• ASX 300 stock rockets 38% on ‘landmark moment’
• Guess which ASX 200 telco stock is jumping 7% today
• Tuas half-year result: profit leaps as revenue and subscribers grow

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.

CSL Ltd (ASX: CSL) shares are in the green in Wednesday lunchtime trade. At the time of writing, the shares are up 1.2% to $141 a piece. In fact, over the past five days, the biotech company’s stock price has continually climbed, now up 4%.

It’s great news for investors, as the beaten-down stock’s share price has crashed significantly over the past 18 months. Several headwinds, including lacklustre financial results, a surprise restructure announcement, a shock CEO exit and revised revenue guidance, all helped push the share price down.

Concerns around margins and broad market conditions haven’t helped the biotech company’s shares either. Healthcare stocks have lagged in 2026 as investors shift towards the resources and energy sectors. 

At the time of writing, the S&P/ASX 200 Health Care Index (ASX: XHJ) is down 5% over the past month and 17.5% for the year-to-date.

For context, the S&P/ASX 200 Index (ASX: XJO) is down 5.2% over the past month and 1.8% year-to-date.

If I bought $5,000 worth of CSL shares 12 months ago, what are they worth now?

The company’s share price is down 18% year-to-date and 45% over the past 12 months.

Today’s share price uptick means that $5,000 invested in the biotech company 12 months ago is now worth just $2,750.

Meanwhile, $5,000 invested in the company’s shares when the ASX first opened for the year on the 2nd of January is now worth $4,100.

But it’s not all doom and gloom for CSL shares

CSL is an Australian-based biotech company that develops biotherapies and vaccines, and plasma-derived medicines are at the core of its business. The company’s blood plasma division is a frontrunner in the market for rare blood disorders and immunoglobulin products. And demand is booming.

Building demand for plasma therapies in a market with limited competition means CSL’s business is likely to experience strong growth.

The company itself is robust, too. CSL has experienced periods of double-digit growth, and its positive forecast implies a long-term recovery is ahead.

Analysts are also very bullish on CSL’s outlook. Many think the sell-off was way overdone and that the company is now trading at below fair value.

TradingView data shows that 12 out of 18 analysts currently have a buy or strong buy rating on the stock. The average target price is $209.50, which implies a 50% upside at the time of writing. However, some think the share price could storm even higher, by 94% to $272.53 a piece.

The post $5,000 invested in CSL shares 12 months ago is now worth… appeared first on The Motley Fool Australia.

More reading

• 3 top blue-chip ASX 200 shares that look dirt cheap right now
• The war in Iran has inspired an unexpected ASX 200 market trend
• Here’s the dividend forecast out to 2030 for CSL shares
• Forget CSL shares, this ASX healthcare stock could double in value
• Why I’d buy these high-quality ASX 200 shares this week

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

NuEnergy Gas Ltd (ASX: NGY) shares have been halted on Wednesday after delivering the biggest move on the ASX today.

Prior to the pause, the stock surged 125.64% to 8.8 cents, extending its gain to roughly 158% in 2026.

So, what’s going on?

Trading halt follows sharp move

According to the ASX announcement, NuEnergy requested a trading halt pending the release of further information to the market.

The halt will remain in place until the earlier of an announcement being made or the commencement of normal trading on Friday, 27 March.

Importantly, the company noted that the halt is linked to a response to an ASX price query.

This most likely indicates that the exchange has sought clarification following the rapid share price appreciation.

What triggered the rally?

While no new material announcement accompanied today’s move, the rally appears to have been building momentum in recent sessions.

NuEnergy shares have risen more than 137% over the past week and over 83% in the past month. Over the past year, the stock is up more than 360%.

This type of move is not uncommon among small-cap energy stocks, where relatively low liquidity can amplify price swings when buying interest increases.

The company is focused on developing coal-bed methane assets in Indonesia, with a particular focus on the South Sumatra region.

Recent coverage has pointed to progress towards first commercial gas production, with initial sales targeted for the first half of 2026. A secured offtake agreement has also been highlighted as part of its development pathway.

Why the ASX stepped in

When a stock moves sharply without a clear, price-sensitive announcement, the ASX may issue a price query to ensure the market is fully informed.

In this case, NuEnergy has requested a halt while it prepares its response.

The company also stated it is not aware of any reason why the halt should not be granted, nor of any additional information that needs to be disclosed beyond what will be included in its upcoming response.

What to watch next

The immediate focus for investors is the company’s response to the ASX query and any accompanying update.

This will determine whether the recent price move reflects new information or market-driven momentum.

With the stock now up strongly in 2026 and trading near recent highs, the next announcement is likely to shape short-term direction once trading resumes.

Foolish takeaway

NuEnergy Gas shares have surged quickly in a short period, driven by strong momentum rather than a confirmed new announcement.

The speeding ticket points to the ASX seeking clarity after the rapid move, with the company preparing a response.

Attention now turns to what is disclosed when trading resumes, which will determine whether the stock’s recent gains can be sustained.

The post This ASX stock just surged 125%… and then got halted appeared first on The Motley Fool Australia.

More reading

• Which ASX retail stock could soar more than 100% if this broker is right?
• PEXA goes live with NatWest in the UK. Is this the breakthrough investors have been waiting for?
• Why 4DMedical, Brazilian Rare Earths, Clarity, and Tuas shares are racing higher today
• $5,000 invested in CSL shares 12 months ago is now worth…
• Why are these ASX silver stocks racing higher today?

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.

ASX silver stocks have lit up the market today.

During lunchtime, Silver Mines Ltd (ASX: SVL) and Andean Silver Ltd (ASX: ASL) have both surged more than 16%. Not far behind, Unico Silver Ltd (ASX: USL) has jumped nearly 13%.

So, what’s driving the rally? It all comes down to one thing: the price of silver.

Silver price rebounds hard

The silver price has climbed around 4% today. That was enough to send ASX-listed silver stocks flying.

But the bigger story is volatility.

Silver has been on a powerful bull run over the past year, driven by tight supply and booming demand. Along the way, it’s delivered big gains but not without sharp pullbacks.

In fact, prices have dropped about 16% over the past month. That rattled sentiment and dragged ASX silver stocks lower.

Now, we’re seeing a bounce.

At the time of writing, silver is sitting around US$74.15 per ounce. That’s roughly 120% higher than a year ago, a massive move.

And it explains why investors are piling back in.

What’s fuelling demand?

Silver isn’t just a precious metal. It’s also an industrial powerhouse.

Demand is exploding across several fast-growing sectors. Solar panels are a major driver. Silver is a key component in photovoltaic cells.

Electric vehicles are another. They rely on silver for electrical systems and conductivity.

Then there’s data centres. As global computing demand rises, so does the need for silver in electronics and infrastructure.

This combination — industrial demand plus investment demand — makes silver unique.

It behaves like both a growth metal and a safe haven. That’s a powerful mix.

What’s the outlook?

The big question: can silver keep climbing?

According to the London Bullion Market Association 2026 Precious Metals Forecast Survey, the average expected silver price for 2026 is US$79.57 per ounce. That’s roughly a potential 7% upside from current price levels.

In other words, while the long-term outlook remains strong, some analysts think prices may cool in the near term after such a huge run.

Still, with supply constraints and structural demand in place, the broader trend remains positive.

What next for the ASX silver stocks?

Each of today’s winners tells a similar story: big long-term gains, but recent weakness.

Silver Mines is up around 82% over the past 12 months. But it’s still down about 18% year to date.

Andean Silver has climbed roughly 63% over the past year, yet has slipped 17% in 2026 so far.

Unico Silver has been the standout performer. The $350 million ASX silver stock has surged an incredible 158% over 12 months — but even it is down about 22% year to date.

That gap highlights just how volatile the sector is.

These stocks tend to amplify moves in the silver price. When silver rises, they often rise faster. When it falls, they can drop just as quickly.

Foolish Takeaway

Today’s surge shows how quickly sentiment can shift in the silver space.

A modest 4% move in the underlying commodity was enough to spark double-digit gains in ASX stocks.

If silver continues higher, these names could keep running.

But buckle up — volatility is part of the ride.

The post Why are these ASX silver stocks racing higher today? appeared first on The Motley Fool Australia.

More reading

• Which ASX retail stock could soar more than 100% if this broker is right?
• PEXA goes live with NatWest in the UK. Is this the breakthrough investors have been waiting for?
• Why 4DMedical, Brazilian Rare Earths, Clarity, and Tuas shares are racing higher today
• $5,000 invested in CSL shares 12 months ago is now worth…
• This ASX stock just surged 125%… and then got halted

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

ASX gold stocks have crashed 30% since conflict in the Middle East ramped up earlier this month. 

Even geopolitical uncertainty and concerns about an economic downturn hasn’t driven investors to what was once considered a safe-haven asset.

According to CNBC, the gold futures price spiked close to an all-time high of US$5,242 per ounce in early March. But the outbreak of the Iran war, a stronger US dollar, and interest rate hike concerns have weighed heavily on the gold price. 

On Monday, the gold price sank to US$4,407 per ounce, and while it has recovered some losses at the time of writing, it’s still significantly lower than just three weeks ago.

Naturally, the downward price pressure of gold has seen ASX 200 gold stocks shed some of their value this month amid weakened demand.

But after strong price rallies, some ASX gold stocks are still trading significantly higher than this time last year.

Take Resolute Mining Ltd (ASX: RSG) for example. 

The ASX 200 gold stock is 5.2% higher at the time of writing, and changing hands for $1.32 a piece. 

Over the past month, the gold producer’s share price has tumbled 10.5%, but for the year to date, its value is still up 5.8%, and it is currently trading a whopping 198.2% higher than this time just 12 months ago. 

That annual increase puts it as the fourth best performer on the S&P/ASX 200 Index (ASX: XJO) over the past year.

What drove Resolute Mining’s shares higher?

Resolute Mining is an Australian-listed gold producer with operations in West Africa, including the Syama mine in Mali, and the Mako operation in Senegal. The ASX gold stock joined the ASX 200 Index in November.

The company’s shares shot higher over the past 12 months on the back of record-high gold prices, feasibility milestones, and a significant increase in the company’s gold production figures. 

Late last year, the gold producer’s updated feasibility work at its Doropo gold project in Cote d’Ivoire revealed a larger project scope than expected. This could lift Resolute’s long-term production profile once approvals and funding are in place.

In January, it posted a fourth-quarter update which revealed a 10% quarter-on-quarter increase in gold production, a 26% increase in operating cash flow, and a 31% decline in capital expenditure.

Resolute Mining said it expects production of 250,000 to 275,000 ounces of gold at an all-in sustaining cost (AISC) of $2,000 to $2,200 per ounce in 2026. That’s much higher than the 277,236 ounces at an AISC of $1,843 per ounce in 2025.

What do analysts expect next from the ASX gold stock?

Despite the latest share price dip, analysts are incredibly bullish about the outlook for the ASX 200 gold miner over the next 12 months.

TradingView data shows that all seven analysts have a buy or strong buy rating on the gold producer’s shares. The average target price is $2.17, which implies a 67% upside at the time of writing. Although some think the share price could rocket another 121% higher to $2.88 over the next 12 months.

The post This ASX 200 gold stock has rocketed 200% higher… and there is more to come appeared first on The Motley Fool Australia.

More reading

• Which ASX gold shares have risen the most in 2026?
• This ASX 200 gold company has just signed off on a new mine
• 3 ASX 200 mining stocks tipped to jump over 60% in the next 12 months
• Here are the top 10 ASX 200 shares 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.