How would you feel if you received $500 each month for doing nothing?

That’s $6,000 each year of passive income, which is pretty handy pocket money. That would easily pay for a nice family holiday.

So what’s the size of investment in ASX dividend shares you would need to achieve this level of financial freedom?

Let’s work it out.

How many BHP shares will I need?

Thanks to favourable tax laws, Australian investors are lucky enough to have a wide range of dividend stocks to choose from on the ASX.

But experts warn some stocks with extremely high dividend yields can be value traps. 

That’s because the yield could have increased due to a falling share price, which in turn could indicate flagging fortunes for the underlying business.

So for the purposes of our calculations, let’s take a large, reliable S&P/ASX 200 Index (ASX: XJO) company such as BHP Group Ltd (ASX: BHP) as an example.

According to The Motley Fool stock profile, BHP shareholders currently enjoy an 8.4% dividend yield.

That means that in order to reap $6,000 each year, you currently need $71,428.57 worth of the mining giant’s shares.

If you include franking credits, depending on your personal circumstances, the investment you need is even less than that.

Not bad at all.

How much do I need to save?

But if you don’t have that large a sum to buy shares with right now, you’ll need to start saving.

Are you able to save $2,000 each month to buy BHP shares? 

According to Canstar, that’s less than half the amount of the average monthly mortgage repayment in NSW.

If you can manage that, you will have bought enough BHP shares within three years to achieve your goal of grabbing $500 per month of glorious dividends. 

Plus the bonus of earning a passive income from ASX shares is that there is the potential for capital growth.

Although share prices can head down, over the long term you stand a reasonable chance that the $71,428.57 of BHP shares will increase in value.

The post How much to invest in ASX shares to get $500 in dividends every month appeared first on The Motley Fool Australia.

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More reading

• Here’s the forecast for popular ASX 200 mining shares from UBS
• BHP clears final hurdle to acquire all OZ Minerals shares. What’s next for investors?
• Hunting for passive income? Here’s why I’m eyeing BHP shares
• 3 ASX 200 shares trading ex-dividend this week
• No signs of OZ Minerals slowing down as BHP takeover looms

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

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The Pointsbet Holdings Ltd (ASX: PBH) share price has performed terribly over the last year. Its share price is down by close to 60%.

Pointsbet describes itself as a corporate bookmaker with operations in Australia, the US, Canada, and Ireland. It has developed a “scalable cloud-based wagering platform through which it offers its clients innovative sports and racing wagering products, advance deposit wagering on racing (ADW) and iGaming”.

Strong betting that Pointsbet shares will fall further

The concept of short selling means that investors are essentially betting that the share price is going to go down.

As noted by my colleague James Mickleboro, Pointsbet is (or was) one of the most shorted ASX shares, with a short interest of 7.3%. Mickleboro mentioned competition and cash burn concerns as potential reasons why the shorters may be circling.

The company recently reported its FY23 half-year result, which showed that normalised earnings before interest, tax, depreciation and amortisation (EBITDA) came in at a loss of $149.1 million. This was worse than the $126 million loss in the prior corresponding period.

The company’s operating cash flow outflow also worsened from $78.3 million in HY22 to $103.6 million in HY23. Net operating cash flow, excluding movement in player cash accounts, was an outflow of $123.2 million.

Pointsbet attributed these difficult numbers to more spending on marketing, increased operations, and continued scale operational capabilities.

Are there positives?

I think shorters are being overly pessimistic considering the Pointsbet share price has already fallen so heavily.

The company noted that it’s expecting the FY23 second-half net cash outflow, excluding movements in player cash, to be approximately 30% lower than in the first half of FY23. That would be a big improvement.

Pointsbet also thinks that the second half’s normalised operating expenses will reflect a stabilised cost base.

The gross profit margin is expected to improve in the second half with operating scale in North America. That could be a key help for the Pointsbet share price.

Its revenue-related numbers are growing at a good pace. In the HY23 result, the company revealed its sports betting turnover jumped by 40% to $3.2 billion, while the total net win increased 24% to $182.2 million.

The US is a huge market for Pointsbet to expand into and the steady growth of the company in additional US states is promising, thanks to laws that have been changed to allow sports betting.

It pointed to a renewed and disciplined focus on cost efficiencies, combined with “strong revenue growth, delivering increased operational leverage”.

Management is expecting that the FY23 second-half normalised group EBITDA loss will be between $77 million to $82 million, down from a loss of $117.6 million in the prior corresponding period.

While it is still making losses, the business had $387.2 million of cash at the end of December 2022, though $66.5 million of this represents client cash. But it had no borrowings.

It still has plenty of cash and will hopefully reach cash flow breakeven status before running out of money, requiring capital raising.

Foolish takeaway

The business does face some problems, but there’s a very good chance that the company will be able to grow and benefit from scale advantages.

The Pointsbet share price may well fall from here in the short term but I think in the longer term, the outlook is promising for the business as it expands in the northern hemisphere.

The post Are short sellers wrong about Pointsbet shares? appeared first on The Motley Fool Australia.

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More reading

• These are the 10 most shorted ASX shares this week
• These are the 10 most shorted ASX shares this week
• Here are the 10 most shorted ASX shares this week

Motley Fool contributor Tristan Harrison 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 PointsBet. The Motley Fool Australia has recommended PointsBet. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The good news for income investors is that there are a large number of dividend shares to choose from on the Australian share market.

Two that have done enough to impress analysts at Morgans are listed below. Here’s why they have been rated as buys:

GQG Partners Inc (ASX: GQG)

The first ASX dividend share for income investors to look at is fund manager GQG Partners. Morgans has an add rating and $1.93 price target on its shares.

The broker believes its shares could be great value right now, particularly in comparison to peers. It commented:

GQG’s strong relative investment outperformance through the current market weakness should solidify the near-term flows outflow. GQG has diversified earnings (by strategy and clients); solid performance track-record; and ongoing growth prospects. In our view, the current ~12x PE (versus a sector med-term average of ~16x) is attractive.

As for dividends, Morgans is expecting dividends per share of 11.4 cents in FY 2023 and then 12.6 cents in FY 2024. Based on the current GQG share price of $1.45, this will mean 7.9% and 8.7% yields, respectively.

Whitehaven Coal Ltd (ASX: WHC)

Another ASX dividend share that Morgans is positive on its Whitehaven Coal. The broker has an add rating and $9.85 price target on the coal miner’s shares.

Morgans is very positive on Whitehaven Coal and feels that recent share price weakness has created a buying opportunity for investors. It commented:

Ex M&A, WHC looks far too oversold on the recent NEWC correction (FY23F FCF yield +40%, P/NPV 0.69x). We expect the re-tightening of thermal coal pricing dynamics through April to be a key catalyst for WHC.

In respect to dividends, the broker is expecting a 60 cents per share dividend in FY 2023 and then again in FY 2024. Based on the current Whitehaven Coal share price of $6.97, this implies yields of 8.6% for both years.

The post Broker names 2 high yield ASX dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Leading brokers name 3 ASX shares to buy today
• Need passive income? Turn $5,000 into $25 every month with these ASX shares
• ‘Attractively priced’: 2 ASX shares perfect for bargain hunters
• ‘Meaningful growth’: 2 ASX shares to buy for cheap after a terrible month

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

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$500 is the minimum spend you have to fork out if you want to buy a parcel of ASX stocks the conventional way. There are other ways of investing in the stock market that require less upfront capital. But a good rule of thumb for a beginner investor is to start with $500.

So if you’ve never invested in the ASX stock market before, but you have your $500 saved up and ready to go, where should a beginner investor turn to?

Well, here are three investments I would recommend for a beginner investor who wants to dip their toes in the proverbial ASX waters of investing.

2 ASX stocks I would recommend for a beginner investor

Australian Foundation Investment Co Ltd (ASX: AFI)

The Australian Foundation Investment Co, or AFIC for short, is the first ASX share I would recommend to a beginner. AFIC specialises in investing in shares on behalf of its investors. So there’s almost no effort required on the investor’s behalf.

This ASX share is what’s known as a listed investment company (LIC). This means it invests in other shares rather than running a conventional business itself.

AFIC has been doing this for almost a century and has a long track record of delivering solid and stable returns. Investing in AFIC shares is really investing in a portfolio of ASX’s best blue-chip businesses.

On the latest data, its top portfolio positions include the likes of BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA), Woolworths Group Ltd (ASX: WOW) and Telstra Group Ltd (ASX: TLS).

But AFIC maintains this portfolio of shares itself. So there’s no need for its investors to worry about picking the best investments.

According to the company, AFIC shares have returned an average of 9.6% per annum over the past five years, including dividend and franking credit returns.

Vanguard Australian Shares Index ETF (ASX: VAS)

Another investment all investors should consider in my view is this exchange-traded fund (ETF). Index ETFs like this one from Vanguard, work by simply tracking a collection of shares that are weighted by company size (market capitalisation).

In this ETF’s case, this fund holds the largest 300 shares in the Australian share market. That’s everything from CBA, BHP and Woolworths to Coles Group Ltd (ASX: COL), Westpac Banking Corp (ASX: WBC) and Harvey Norman Holdings Limited (ASX: HVN).

In the same vein as AFIC, this ETF doesn’t put any onus on the investor to select individual shares to invest in. You just buy the ETF, and get the largest 300 companies in Australia in one investment.

This ETF has also delivered strong returns for investors over many years. Over the five years to 31 March, the Vanguard Australian Shares ETF units have returned an average of 8.63% per annum (including dividends).

The post Here’s how I’d dip my toe in the Aussie stock market with $500 appeared first on The Motley Fool Australia.

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More reading

• The cheapest index fund on the ASX revealed
• Is the Vanguard Australian Shares Index ETF (VAS) still a dirt-cheap buy in April?
• Sunk $10,000 in the Vanguard Australian Shares ETF 3 years ago? Here’s how much passive income you’ve earned
• 3 reasons to start buying ASX shares this week
• How I’m building more passive income to retire early

Motley Fool contributor Sebastian Bowen has positions in Telstra Group and Vanguard Australian Shares Index ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Harvey Norman. The Motley Fool Australia has positions in and has recommended Coles Group, Harvey Norman, and Telstra Group. The Motley Fool Australia has recommended Westpac Banking. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark index fell 0.3% to 7,360.2 points.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 expected to edge higher

The Australian share market looks set to edge higher on Wednesday following a relatively positive night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 5 points higher this morning. On Wall Street, the Dow Jones was flat, the S&P 500 rose 0.1% and the Nasdaq was flat.

Oil prices soften

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Woodside Energy Group Ltd (ASX: WDS) will be on watch following a soft night for prices. According to Bloomberg, the WTI crude oil price is down 0.1% to US$80.77 a barrel and the Brent crude oil price has fallen 0.1% to US$84.68 a barrel. Strong economic data out of China was offset by rate hike concerns.

Regis Resources named as a buy

The recent weakness in the Regis Resources Ltd (ASX: RRL) share price may have created a buying opportunity. That’s the view of analysts at Bell Potter, which have a buy rating and $2.77 price target on the gold miner’s shares. While disappointed with its quarterly update, the broker notes that “RRL is one of the largest ASX gold producers and we remain attracted to its all-Australian asset portfolio and organic growth options which are unique at this scale.”

Gold price higher

ASX 200 gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a good day after the gold price rose overnight. According to CNBC, the spot gold price is up 0.5% to US$2,017.2 an ounce. The precious metal rose after the US dollar and bond yields eased.

Soul Patts goes ex-dividend

The Washington H. Soul Pattinson and Co. Ltd (ASX: SOL) share price is likely to trade lower on Wednesday. That’s because the investment house’s shares are due to trade ex-dividend this morning for its interim dividend of 36 cents per share. This will be paid to eligible shareholders next month on 12 May.

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

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More reading

• Here’s the forecast for popular ASX 200 mining shares from UBS
• Why has the shine come off ASX gold shares this week?
• Why Ramelius, Sayona Mining, St Barbara, and Woodside shares are dropping today
• Macquarie says changes to this tax could be a red flag for Woodside shares
• 5 things to watch on the ASX 200 on Tuesday

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

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While a generous dividend yield is always welcome when you’re an income investor, a generous yield that can grow is even better.

The good news is that there are a couple of ASX dividend shares that are expected to increase their dividends in the near future.

Another positive that could sweeten the deal even further for investors is that analysts also believe their shares can rise meaningfully from current levels.

Which shares? I hear you ask. Well, let’s take a look:

Universal Store Holdings Ltd (ASX: UNI)

Morgans is a fan of this fashion retailer. This is due to its exposure to younger consumers that are less impacted by rising interest rates.

The broker currently has an add rating and $6.85 price target on its shares. Based on the latest Universal Store share price of $5.00, this suggests that its shares could rise 37% from current levels.

As for dividends, the broker is expecting the company to be in a position to increase its fully franked dividend to 30 cents in FY 2023 and then 35 cents in FY 2024. This implies yields of 6% and 7%, respectively, for investors over the next couple of years.

Westpac Banking Corp (ASX: WBC)

Over at Goldman Sachs, its analysts are feeling positive about Australia’s oldest bank. They believe it is well-placed in the current environment. This is thanks to its cost-cutting plans and potential net interest margin improvements.

The broker currently has the bank on its conviction list with a buy rating and $27.74 price target. Based on the current Westpac share price of $22.28, this implies potential upside of almost 25% for investors over the next 12 months.

In addition, the broker is expecting the banking giant to increase its fully franked dividend to 147 cents per share in FY 2023 and then to 156 cents per share in FY 2024. This will mean yields of 6.6% and 7%, respectively.

The post 2 ASX stocks with a dividend bump coming appeared first on The Motley Fool Australia.

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More reading

• I’d buy 12,000 Westpac shares for $150 in monthly passive income
• Harnessing the power of dividend investing: 2 high-yield ASX shares analysts say are buys
• Passive income alert! Buy these ASX 50 dividend shares now: analysts
• Here’s how I’d aim for $50 a week in passive income from ASX 200 shares
• Investor or depositor? Warren Buffett sounds off on banking crisis

Motley Fool contributor James Mickleboro has positions in Westpac Banking. 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 Westpac Banking. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Materials Index (ASX: XMJ) climbed 0.19% today, but one ASX mining share ascended far higher.

The OD6 Metals Ltd (ASX: OD6) share price rocketed 61% in today’s trade from 29.5 cents to a high of 47.5 cents. But it then pulled back to close the day at 42 cents, a 42% gain.

Let’s take a look at why this rare earths explorer soared today.

What’s going on?

OD6 Metals is exploring the Splinter Rock and Grass Patch rare earth elements projects near Esperance in Western Australia.

In today’s news, the company announced it had discovered “bumper rare earth grades” and “extensive thicknesses” at the Splinter Rock project.

Assay results show higher grades and greater thickness than previously found in the initial drilling program.

Total Rare Earth Oxides at grades of up to 6,605 parts per million (ppm) were discovered, including clay thickness at high grades between 20 to 80 metres.

Results included:

• 69 metres at 1483ppm TREO (21.1% Magnet REO) at drill hole SRA0227
• 66 metres at 1516ppm TREO (20.2% Magnet REO) at SRA0226
• 55 metres at 1781 ppm TREO (23.2% Magnet REO) at SRACO218

Commenting on the news, managing director Brett Hazelden said:

These exceptional drill results represent some of the highest rare earth grades, over some of the thickest intersections seen in an Australian clay hosted rare earth project.

With thicknesses of 20m to 80m, grades in excess of 1,000ppm Total Rare Earths, and consistency across several kilometres of width, the Splinter Rock project has emerged as a globally significant discovery.

Overall, 74 of the 83 drill holes returned “significant grades” and thickness. A phase three 188-hole drill program will start in the second quarter of 2023.

Share price snapshot

The OD6 Metals share price has surged 110% in the last year. In the past month alone, the company’s share price has soared 127%.

This ASX mining share has a market capitalisation of more than $23 million based on the current share price.

The post Why did this ASX mining share explode 60% today? appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here’s the forecast for popular ASX 200 mining shares from UBS
• A bull market is coming and I’m desperate to buy cheap ASX 200 stocks before they rocket
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why has the shine come off ASX gold shares this week?

Motley Fool contributor Monica O’Shea has positions in OD6 Metals. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Analysts at UBS have provided an update on their predictions for a number of ASX 200 mining shares.

These include BHP Group Ltd (ASX: BHP), Fortescue Metals Group Ltd (ASX: FMG), Northern Star Resources Ltd (ASX: NST), IGO Ltd (ASX: IGO), Coronado Global Resources Inc (ASX: CRN), Gold Road Resources Ltd (ASX: GOR), and Pilbara Minerals Ltd (ASX: PLS)

Let’s take a look at the outlook for these ASX 200 mining shares.

What’s ahead?

ASX 200 mining shares BHP, Rio Tinto, and Fortescue now rate as sells by UBS analysts, The Australian reported.

The analysts, quoted by the publication, said:

Most commodities remain elevated versus cost and incentive prices, but physical markets are still balanced or tight.

UBS rates Coronado and Gold Road as buys, while it has cut Northern Star Resources to a sell. Analysts have placed a $2 price target on Coronado, implying a nearly 25% upside based on its current share price.

Meanwhile, data out of China shows the country’s economy lifted 4.5% in the first quarter, the highest rate of growth in a year, CNBC reported. China is the largest importer of iron ore in the world.

However, UBS is concerned about iron ore prices but believes gold, coal, and lithium are more likely to remain elevated in the medium to long term. Analysts said:

In our opinion, iron ore is structurally challenged while gold, lithium and high-quality coal will be higher for longer; base metals have attractive long-term fundamentals and leverage to China reopening in 2H23.

Pilbara Minerals has also been upgraded to a buy, while IGO also has a buy rating with UBS. The broker tips lithium demand to slip 5-15% in the short term but the lithium price to rise in the long term by 20%.

Morgans has also recently placed an add rating on Pilbara Minerals with a $5.30 price target, as my Foolish colleague James reported today. Further, Goldman Sachs has recently put a buy rating on IGO shares.

ASX 200 mining share price snapshot

The BHP share price has slipped 0.48% in a year, while Fortescue shares have risen 3.93% and Rio Tinto shares have edged 0.93% higher.

The Pilbara Minerals share price has soared 35% in a year, while IGO shares have dropped 0.64%.

Northern Star Resources shares have gained 22% in a year, while Gold Road Resources shares have climbed 5%.

Finally, Coronado Global Resources shares have lost 31% in the past year.

The post Here’s the forecast for popular ASX 200 mining shares from UBS appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why Core Lithium, Neuren, Norwest, and Pilbara Minerals shares are pushing higher
• BHP clears final hurdle to acquire all OZ Minerals shares. What’s next for investors?
• Morgans says the Pilbara Minerals share price can rise 40%
• Here are 3 ASX 200 lithium shares to buy now according to brokers

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The S&P/ASX 200 Index (ASX: XJO) has had a productive start to 2023, despite a notable slump amid turmoil in the banking space last month.

The index is up 5.8% year to date, trading at 7,346.4 points at the time of writing ­– less than 300 points off its all-time highest close of 7,628.9 points.

If history is anything to go by (and I think it is) the index will likely hit fresh heights when the next bull market occurs.

That’s why I’m keen to snap up cheap ASX 200 shares now and profit when the market next takes off.

I’m long-term bullish on the ASX

Economist Benjamin Graham is widely quoted as having said:

In the short run, the market is a voting machine but in the long run it is a weighing machine.

In other words, day-to-day, the market runs on popular sentiment. But in the long run, it will weigh a company largely on its earnings.

Right now, sentiment and (commonly) earnings are lower than they’ve been in recent memory amid high inflation and the resulting 10 consecutive rate hikes handed down by the Reserve Bank of Australia (RBA) in the lead-up to April.

And Australia is far from unique. Indeed, many experts are tipping us to dodge a recession likely to be felt by other economies around the globe.

Still, one common assumption is when the dust settles, inflation is tamed, and rates begin to fall, markets – including the ASX – will bounce back with newfound strength.

I don’t know if that’s what will happen, or when the next bull market might occur. However, I’m sure history will repeat itself and the ASX will soar into bull territory in the future.

Until then, I plan to snap up cheap ASX 200 shares now to cash in on the ASX’s eventual surge. Thankfully, there are heaps to choose from.

3 ASX 200 stocks that could be trading cheap right now

ASX 200 electronics retailer JB Hi-Fi Ltd (ASX: JBH) is on my radar at the moment. The stock has tumbled 11% over the last 12 months, potentially due to cost-of-living concerns. Broker Citi is among its proponents – tipping the JB Hi-Fi share price to lift around 22% to $55. I personally like the look of the retailer’s 10.5 price-to-earnings (P/E) ratio, courtesy of CommSec, and 7.7% dividend yield.

Also offering an attractive P/E ratio of around 9.6 and a dividend yield of approximately 6.3% are Stockland Corporation Ltd (ASX: SGP) shares. The company deals in real estate development and commercial property. I agree with Citi analysts, again. I think the market has likely been too tough on the stock amid rising rates. The broker forecasts the stock to rise 9.1% to $4.60.

Finally, I’ve got my eye on ASX 200 travel share Corporate Travel Management Ltd (ASX: CTD). The company understandably suffered through the COVID-19 pandemic. However, I think it used its time well, acquiring Travel & Transport and Helloworld Travel Ltd (ASX: HLO)’s Australian and New Zealand corporate and entertainment leg. It expects to recover fully in financial year 2024.

Of course, I have a good amount of due diligence to complete before I decide if these ASX 200 stocks make sense in my portfolio – just because a share appears cheap doesn’t mean it’s worth buying. As billionaire investor Warren Buffett says:

It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.

But I think the trio all have the potential to record gains when the market takes off. Though, nothing in the investing world is guaranteed.

The post A bull market is coming and I’m desperate to buy cheap ASX 200 stocks before they rocket appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• These are the 10 most shorted ASX shares this week
• Here are 2 ASX 200 dividend shares to buy with 6%+ yield: analysts
• Brokers name 3 ASX shares to buy now
• 11 times your money? Yes, it’s possible (we did it)

Motley Fool contributor Brooke Cooper 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 Helloworld Travel. The Motley Fool Australia has positions in and has recommended Helloworld Travel. The Motley Fool Australia has recommended Corporate Travel Management and Jb Hi-Fi. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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It’s been a disappointing day for S&P/ASX 200 Index (ASX: XJO) so far this Tuesday. After the pleasing start to the trading week we saw yesterday, the ASX 200 has taken a turn for the worse this Tuesday. At the time of writing, the Index is currently nursing a hefty 0.48% loss. That drags the ASX 200 back below 7,350 points. 

But let’s not let that get us down. So instead, let’s turn to the shares that are making waves on the ASX 200’s share trading volume charts right now, according to investing.com.

The 3 most traded ASX 200 shares by volume this Tuesday

Pilbara Minerals Ltd (ASX: PLS)

First up today is a familiar face in ASX 200 lithium stock Pilbara Minerals. So far this session, a sizeable 36.56 million Pilbara shares have changed hands as it currently stands. There hasn’t been any news out of Pilbara itself today. But, as my Fool colleague James covered earlier, the company has still been the recipient of some love from an ASX broker.

UBS has upgraded Pilbara to a buy, with a share price target of $4.60. Pilbara shares have surged today, presently enjoying a 4.1% boost to $3.96 each. It’s probably a combination of these events that has resulted in so many shares flying around.

Core Lithium Ltd (ASX: CXO)

Next, we have another ASX 200 lithium stock in Core Lithium, with a notable 37.07 million shares finding a new home so far. We have had some big news from Core today that could explain this volume we see. As we covered this morning, Core has just revealed to investors that its flagship Finniss Lithium Operation has had its mineral resource estimate lifted by a pleasing 62% to 30.6 million tonnes of lithium oxide.

Investors appear delighted with this news, judging by the fact that Core shares have gained a whopping 7.24% to 99 cents each.

Sayona Mining Ltd (ASX: SYA)

Third and finally today, let’s discuss yet another ASX 200 lithium share in Sayona Mining. This Tuesday has had a chunky 39.12 million Sayona shares bought and sold on the share market thus far. Unlike the other two lithium stocks on this list, Sayona is having a rather awful day.

The Sayona share price is presently down by a nasty 6.05% at 20 cents. There has been no fresh news out of Sayona today, although the company did rocket by 10% yesterday. So maybe the market is doing a bit of ‘rubber-banding’ here. Either way, this large selloff is probably why Sayona is boasting such elevated trading volumes this session.

The post Here are the 3 most heavily traded ASX 200 shares on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why Core Lithium, Neuren, Norwest, and Pilbara Minerals shares are pushing higher
• Why Ramelius, Sayona Mining, St Barbara, and Woodside shares are dropping today
• Should I invest in the ASX 200 or the S&P 500?
• Up 80% in a month, Liontown share price smashes all-time high on Tuesday
• Core Lithium share price leaps 5% on ‘fantastic outcome for shareholders’

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

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