The Bank of Queensland Ltd (ASX: BOQ) share price has been having a tough time again in 2023.

Since the start of the year, the regional bank’s shares have lost 6% of their value.

This means the Bank of Queensland share price is now down almost 25% since this time last year, as you can see on the chart below.

Where next for the Bank of Queensland share price?

Goldman Sachs has been running the rule over Bank of Queensland ahead of its half-year results release later this month.

And while the broker believes the Bank of Queensland share price has the potential to rise meaningfully from current levels, it isn’t confident enough to recommend it as a buy.

According to the note, the broker has retained its neutral rating with a $7.21 price target. The latter implies potential upside of 11% over the next 12 months.

Goldman is also forecasting a fully franked 7.5% dividend yield in FY 2023, making the total potential return an even more attractive 18.5%.

What did the broker say?

Goldman has retained its neutral rating on the Bank of Queensland share price due largely to its belief that the bank will underperform peers with its net interest margin (NIM). It explained:

We are Neutral rated on BOQ given: despite valuation support, we believe its NIM leverage will ultimately underperform peers and its expenses will remain under pressure given the current inflationary environment and headwinds from running legacy systems along with building its new digital bank, which we expect could somewhat offset ME Bank synergies and restructuring benefits.

What about its results?

On 20 April, Goldman expects Bank of Queensland to release its half-year results and post a 7.3% decline in cash earnings to $244 million. This is notably lower than the consensus estimate of $271 million.

The broker expects this to lead to the regional bank paying a fully franked interim dividend of 24 cents per share. Once again, this is short of the consensus estimate of 25 cents per share.

The post What’s the forecast for the Bank of Queensland share price? appeared first on The Motley Fool Australia.

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• 7 ASX dividend shares you can buy for under $10
• Guess which ASX 200 bank stock UBS says is the most over-priced right now
• ASX 200 bank stocks: ‘No different’ or ‘extremely strong’?
• Bendigo Bank shares worst of the ASX 200 banks following UBS downgrade
• Down 10% in a month, what’s going on with the Bank of Queensland share price?

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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The ASX coal share New Hope Corporation Limited (ASX: NHC) is about to go ex-dividend and then pay a very large dividend. Is it time to buy this business for passive income?

Energy prices jumped higher after the Russian invasion of Ukraine. This has helped increase New Hope’s profit, which is then being translated into bigger dividends for shareholders.

It’s not as though New Hope is paying out all of its profit as a dividend. The business is valued at such a cheap valuation that it represents a very high dividend yield.

How large is the dividend yield?

For the FY23 half-year result, New Hope’s board decided to declare that the interim dividend would be 40 cents per share. That was an interim dividend of 30 cents per share and a special dividend of 10 cents per share. The total dividend of 40 cents per share was an increase of 33% year over year.

This dividend was funded by a 95% increase in the earnings per share (EPS) to 77.5 cents. This means the dividend payout ratio is only 51.6% of the profit.

In terms of the dividend yield, the 40 cents per share represents a grossed-up dividend yield of 9.5% because it’s fully franked. Excluding the franking credits effect, the cash dividend yield is 6.7%.

The ex-dividend date is 17 April 2023, while the payment date is 3 May 2023. Investors still have a bit of time to grab shares, if they want to.

Is the New Hope share price a buy?

I think investors need to be careful about the idea of investing in a business for a dividend yield when there’s a danger that the New Hope share price could fall and offset a lot, or all, of the dividend income received.

New Hope’s share price has held onto most of the gains as energy prices remain high enough for the company to keep making a lot of profit. We just don’t know how long energy prices are going to stay as high as they are.

According to Commsec, New Hope shares are only valued at less than 5 times FY23’s estimated earnings with a potential grossed-up dividend yield of 23.8%, which is almost 24% in the space of just over half a year (with the payment of this dividend and the FY23 final dividend).

One of the tricky things is that coal is coming under increasing pressure in the Western world and a lot of investors don’t want any exposure to coal miners. I don’t think it’d seem so cheap without that ESG investing exclusion.

For me, while the dividend yield is high, I don’t think it’s worth buying today because the New Hope share price has already shot higher. I prefer to buy cyclical businesses when they’re at a low point. I would also prefer to invest in a business that has a positive long-term growth outlook in terms of demand.

New Hope share price snapshot

The coal miner has gone up by around 3% since the start of the year.

The post 24% yield! Should I buy New Hope shares before they go ex-dividend? appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today
• Directors have bought more than $1.6m of New Hope shares in a week. Should you buy?
• Passive income: Broker says buy this ASX 200 share for an 18% dividend yield
• 3 dividend stocks with the biggest ASX 200 yields. Time to buy?
• How I’d invest $20k in ASX 200 shares to earn a second income of $140 a month

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 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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It is a good day to be a South32 Ltd (ASX: S32) shareholder.

That’s because today is the day that the mining giant will be rewarding them with a dividend payment.

The South32 dividend

In February, South32 released its half-year results for the six months ended 31 December.

Unfortunately, it wasn’t a great six months for the miner due to weaker commodity prices and inflationary pressures on costs.

This saw South32 report an 8% decline in revenue to US$3.7 billion and a sizeable 27% reduction in its underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) to US$1.36 billion.

As you might expect, this had an impact on its interim dividend. The South32 board elected to cut its dividend by almost 44% to 4.9 US cents per share. This equates to 7.3 Australian cents at current exchange rates.

And based on the current South32 share price of $4.27, this represents a 1.7% dividend yield.

What’s next?

The good news is that analysts are expecting the South32 dividend to recover strongly in the coming years.

For example, according to a note out of Citi, its analysts are forecasting fully franked dividends per share of 27 cents in FY 2023, 32 cents in FY 2024, and 35 cents in FY 2025. This will mean yields of 6.3%, 7.5%, and 8.2%, respectively.

In addition, Citi believes there’s plenty of room for the South32 share price to push higher from current levels.

Its analysts have a buy rating and $5.05 price target on them. This implies potential upside of 18% for investors over the next 12 months.

All in all, this could make South32 a top option for income investors that are looking for exposure to the mining sector.

The post The slimmer South32 dividend is being shelled out today. Here’s the lowdown appeared first on The Motley Fool Australia.

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• Buy BHP and this ASX 200 mining share now: analysts
• Analysts say these ASX dividend shares can boost your passive income

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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Analysts at Liberum Capital have listed ASX lithium stock Atlantic Lithium Ltd (ASX: A11) among the resources shares they are positive about for the future.

The Atlantic Lithium share price has dropped nearly 13% in the year to date. In Wednesday’s trade, the company’s share price finished flat at 54 cents.

Let’s take a look at the outlook for this ASX lithium stock.

What’s ahead?

Atlantic Lithium is exploring lithium at the Ewoyaa project in Ghana, West Africa. The company is aiming to take the project to production. Ewoyaa is funded via a deal with Piedmont Lithium Inc (ASX: PLL).

Atlantic Lithium says it is aiming to produce a “sustainable lithium supply” to support the global transition to a carbon-neutral future.

Recently, analysts at Liberum Capital named the share on its “preferred list”, the Australian Financial Review reported.

Among multiple global resources companies named by Liberum, Emmerson Resources Ltd (ASX: ERM) also made the cut.

However, among its “least preferred shares” were BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO).

Commenting on the commodities sector, Liberum said:

We expect most commodity prices to slide from their post-lockdown reflation highs towards fundamentally supported levels.

General demand growth across metals-energy steel remains broadly intact – and likely to remain so this year. Supply growth continues to slow, in response to the collapse in the sector’s capex cycle.

On Wednesday, Atlantic released an investor presentation to the market. Atlantic’s mineral resource estimate at the Ewoyaa mine is 35.3 Mt at 1.25% lithium oxide.

The company has a cash balance of $19.1 million as of 31 December.

Share price snapshot

The Atlantic Lithium share price has slid nearly 7% in the last 12 months. However, in the past week, it has climbed nearly 15%.

For perspective, the S&P/ASX 200 Materials Index (ASX: XMJ) has descended about 5% in the past year.

This ASX lithium stock has a market capitalisation of about $327 million based on its last closing price.

The post Here’s a top ASX lithium stock pick from a ‘commodity bear’ appeared first on The Motley Fool Australia.

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• Why Atlantic Lithium, Pushpay, St Barbara, and Temple & Webster shares are rising
• Guess which ASX lithium share just rebounded 15%
• Why Atlantic Lithium, Life360, Neuren, and Whitehaven Coal shares are charging higher
• Why Atlantic Lithium, Arafura, Brainchip, and Core Lithium shares are falling
• Why Atlantic Lithium, CBA, Piedmont Lithium, and Pilbara Minerals shares are dropping

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has 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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Do you want a passive income boost? If you do, then the ASX dividend shares listed below that brokers rate as a buy could be the way to do it.

Here’s why these could be dividend shares to buy now:

Pilbara Minerals Ltd (ASX: PLS)

The first ASX dividend share that could be a buy is Pilbara Minerals.

This lithium miner has been named as a buy by analysts at Macquarie, who remain positive on the company despite recent weakness to spot lithium prices.

In fact, the broker is expecting Pilbara Minerals’ earnings to be strong enough to underpin some big dividends. It is forecasting fully franked dividends per share of 41 cents in FY 2023 and 30 cents in FY 2024. Based on the latest Pilbara Minerals share price of $3.73, this equates to yields of 11% and 8%, respectively.

Macquarie also sees huge upside for the company’s shares with its outperform rating and $7.70 price target.

Transurban Group (ASX: TCL)

Another ASX dividend share for income investors to consider is Transurban.

Transurban is a leading toll road operator with a portfolio of important roads in Australia and North America, as well as a significant project pipeline.

After a tough time during the pandemic, Transurban’s road are booming again. The company revealed that during the first half, it achieved record traffic volumes with average daily traffic (ADT) exceeding 2.5 million trips for the first time in November.

Citi is expecting more of the same in the second half and has put a buy rating and $16.00 price target on its shares.

In addition, the broker is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.56, this will mean yields of 4% and 4.1%, respectively.

The post Buy Pilbara Minerals and this ASX dividend share: analysts appeared first on The Motley Fool Australia.

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• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why are ASX 200 lithium shares having such a miserable week?
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• Here are the 3 most heavily traded ASX 200 shares on Monday

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The ASX share market can be a great place to find investments that can pay attractive passive income as dividends.

Term deposits are paying a much stronger interest rate these days, so I think ASX dividend shares need to pay a very healthy starting dividend yield to be attractive.

But keep in mind that dividends are not guaranteed. Shareholder payments can be cut and projections are just educated guesses.

Nick Scali Limited (ASX: NCK)

Nick Scali is one of Australia’s largest furniture retailers, with a national store network. It also recently acquired competitor Plush. The company has plans to grow profit by increasing its store count and growing online sales.

The ASX retail share trades on a relatively low price/earnings (p/e) ratio, which means that it trades on a low multiple of its earnings compared to other businesses.

According to Commsec, Nick Scali could pay an annual dividend per share of 71.8 cents, which translates into a grossed-up dividend yield of 11%.

However, be aware that the business is expected to reduce its dividend in FY24 as demand for sofas falls. Even so, the projected grossed-up dividend yield is still a massive 8.7%. That’s still a lot of passive income.

GQG Partners Inc (ASX: GQG)

GQG Partners is a US-based fund manager. Indeed, it’s one of the largest fund managers on the ASX.

Its investment style is resonating with investors as it continues to see inflows of funds, despite all of the market volatility.

The ASX share has committed to pay 90% of its distributable earnings out as a dividend to shareholders. It pays a quarterly dividend, which is useful for cash flow purposes. It’s expanding its geographic presence, which is also expanding its potential growth. Canada and Australia are two of these growth markets.

Commsec numbers suggest that GQG is going to pay an annual dividend per share of 11.8 cents in FY23, which equates to a dividend yield of 8.5%.

It could then pay a dividend of 13.5 cents in FY24, which would be a dividend yield of 9.7%.

Centuria Industrial REIT (ASX: CIP)

This is one of the larger real estate investment trusts (REITs) on the ASX. It’s a pure play on quality industrial properties in Australia, which are predominately located on the east coast of Australia in metropolitan areas.

It has tried to invest in places where there’s high demand for industrial properties, which can lead to good rental growth and longer-term capital growth (excluding the impacts of interest rates).

The ASX share is expected to pay a distribution per security of 16 cents in FY23, which would be a distribution yield of just under 5.3%.

The distribution could then grow slightly in FY24 to 16.1 cents per security, which would be a distribution yield of slightly above 5.3%.

The post 3 big dividend-paying ASX shares for 2023 appeared first on The Motley Fool Australia.

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• These are the best ASX sectors to invest your money into this quarter: Morgans
• Top ASX dividend shares to buy in April 2023
• 7 ASX dividend shares you can buy for under $10
• 5 things to watch on the ASX 200 on Thursday
• 8 ASX All Ords shares trading ex-dividend 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 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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I don’t know if you’ve realised, but there are a lot of ASX shares.

In fact, there are more than 2,000 of them all seeking to get their hands on your money, according to finance expert Bob Kohut.

“Selecting the best ASX stocks from such a large pool can be a formidable challenge,” Kohut told The Bull.

Even the qualifier “best” is also problematic, although Kohut reckons there is a universal quality that it could refer to.

“‘Best’ is a subjective term, but all investors can agree that there is one standard that makes an ASX stock a potential best buy: profit growth.”

Considering the difficulties in choosing stocks to buy from such a massive pool and the criteria for selection, investors might turn to some expert opinion.

But then the sheer diversity of views among that community is also confusing. An S&P/ASX 200 Index (ASX: XJO) stock that’s gold to one could be rubbish to another.

To combat all these concerns, Kohut set about looking for the best ASX shares to buy according to the collective opinion of the analyst population.

Here are three he came up with after dissecting the buy-hold-sell surveys:

This big company does make big moves

Healthcare giant CSL Limited (ASX: CSL) is currently “a strong contender for a spot on any best ASX shares to buy list”.

“Two analysts have a strong buy recommendation, seven have a buy recommendation, with one at hold and one at underperform,” said Kohut.

“Analysts at Citi and Morgan Stanley both see double-digit growth for the share price – 22% out of Citi and 19% from Morgan Stanley.”

The biotech behemoth continues to defy conventional wisdom that “big companies don’t make big moves”.

“The market for CSL’s blood plasma treatments and influenza vaccines has multiple tailwinds propelling the stock that other large cap stocks can only dream of,” said Kohut.

“The company invests heavily in R&D (research and development), with multiple non-plasma products in its pipeline to promote growth.”

Fixing ‘life’s essentials’ while competitor is removed

Another health company, Resmed CDI (ASX: RMD), makes its living providing equipment to assist “two of life’s essential functions – breathing and sleeping”.

“British journal The Lancet Respiratory Medicine reported [a] startling estimate of one billion people between the ages of 30 and 69 affected by obstructive sleep apnoea, suggesting that the condition is both ‘under-recognised and underdiagnosed’.”

However, ageing, obesity, and growing life expectancies are not ResMed’s only tailwinds.

“ResMed’s primary competitor – Koninklijke Philips NV (AMS: PHIA) Respironics – is in the midst of a product recall.”

Kohut added that both ResMed and CSL are considered “inflation proof”.

“Both have high-demand products with the power to raise prices without cutting into demand, as Medicare and private insurance are the payers, not the end consumer.”

Cash burner becomes profit maker

The third pick, which is in a vastly different business, is data centre operator NextDC Ltd (ASX: NXT).

After taking a hammering during the 2022 tech sell-off, the stock has risen almost 22% so far this year.

“The company posted losses in FY2019, FY2020 and FY2021 before turning profitable in FY2022, while increasing revenue in each year.”

Kohut noted Goldman Sachs recently added the stock to its conviction buy list.

“Four of the 10 analysts covering the company have strong buy recommendations, and the remaining six recommending investors buy shares of NextDC,” he said.

“Not a single analyst has a hold, underperform or sell recommendation.”

The post The broker community’s 3 best ASX 200 shares to buy for 2023 appeared first on The Motley Fool Australia.

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• Top brokers name 3 ASX shares to buy today
• The record interim CSL dividend is being paid today. How much is it?
• How I would build a Warren Buffett-style portfolio with ASX 200 shares
• The ASX sector set to boom no matter what happens this year
• 5 things to watch on the ASX 200 on Wednesday

Motley Fool contributor Tony Yoo has positions in CSL and ResMed. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and ResMed. The Motley Fool Australia has positions in and has recommended ResMed. 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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As Australians try to digest ten consecutive months of interest rate rises, it’s even more confusing which ASX shares will best endure these rough times.

One way to simplify the analysis is to ask if a particular business has a specific tailwind that can’t be diminished by a recession or downturn.

The team at the Elvest Fund this week named three ASX shares in its portfolio that each have a unique quality to see the business through economic headaches:

‘A potentially large’ nascent business

Electrical equipment provider IPD Group Ltd (ASX: IPG) enjoyed a massive 19.5% surge in its share price over March.

According to Elvest analysts, the market was excited seeing its opportunities in the electric vehicle (EV) charging industry from an investor presentation day.

“This is a nascent business line for IPD Group, but a potentially large one, with a 20-fold increase in public charging infrastructure by 2030 required to support the projected Australian EV fleet,” they said in a memo to clients.

“IPD Group is looking to capture share in this market as an end-to-end provider of equipment, design and installation, and ongoing maintenance.”

This is why the Elvest Fund is holding onto IPD shares despite a massive March.

Nothing beats ability to set your own prices

Funnily enough Domain Holdings Australia Ltd (ASX: DHG) shares rocketed 13.2% in March not because of its own business, but what a competitor did.

“Domain Holdings rose strongly on media reports that larger rival REA Group Ltd (ASX: REA) plans to increase prices by 10% to 18% in the June half.”

This showed the supreme pricing power that the duopoly has, even during times when the real estate market is depressed.

“Pricing power was the theme of Domain’s first half FY23 report, with its own 9% yield increase offsetting most of the downturn in listing volumes during the December half.”

This stock’s ‘resilience is underrated’

Shares for Lottery reseller and technology provider Jumbo Interactive Ltd (ASX: JIN) were whacked more than 7.2% in March.

The Elvest analysts attributed this to “a quieter period of jackpot activity” in recent times. Jackpot activity is defined as when lotteries start offering more than $15 million as first prize.

The great news for investors is that mathematically those jackpots will come back.

“The stock tends to perform when jackpot activity, a statistical outcome, reverts higher,” read the memo.

“There was no news otherwise, and management currently has a buyback in operation. Jumbo Interactive’s resilience is underrated, in our view.”

The post ’20-fold increase’: 3 ASX shares that’ll rocket sooner or later appeared first on The Motley Fool Australia.

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• Why ASX shares in 2023 are eerily similar to 2019 (and what you should do)
• Here are the top 10 ASX 200 shares today
• 7 ASX shares flying under the radar to buy now: Goldman Sachs
• Morgans warns that these ASX shares could disappoint in FY23

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 positions in and has recommended Ipd Group and Jumbo Interactive. The Motley Fool Australia has recommended Ipd Group, Jumbo Interactive, and REA Group. 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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Even though the western world is bracing for an economic downturn, the massive force that is China is on the opposite point of the cycle.

The Chinese Communist Party ended its strict “zero COVID” policy late last year, so business activity is ramping up in 2023.

So does this mean iron ore is an investment worth making now, despite the dark economic clouds looming in our own backyard? 

And if so, which of the big producers listed on the S&P/ASX 200 Index (ASX: XJO) is the best buy at the moment?

Shaw and Partners portfolio manager James Gerrish had some thoughts:

Is iron ore ready for a bull run?

First thing to note is that Gerrish’s team is “bullish [on] the resources sector” in the medium term, inclusive of iron ore shares. 

In fact, Gerrish revealed that his portfolios already hold two ASX 200 giants. 

BHP Group Ltd (ASX: BHP) currently takes up 6% of the flagship growth portfolio, while Mineral Resources Ltd (ASX: MIN) occupies 4%. BHP also has a hefty 6% weighting in his active income portfolio.

“At this stage we have no plans to reduce any of our exposure, which, by definition, is an endorsement of the sector,” Gerrish told a Market Matters Q&A.

The BHP share price is down 13.2% over the past 12 months, while Mineral Resources is up a handy 30.4%.

Other professionals are somewhat divided on BHP, with 12 out of 24 analysts surveyed on CMC Markets rating it a hold.

There seems to be slightly more conviction for Mineral Resources, with eight out of 16 analysts recommending that one as a buy.

How about miners that only deal in iron ore?

However, if we’re talking pure iron miners, Gerrish would buy into a stock that his portfolios currently do not hold.

“Fortescue Metals Group Ltd (ASX: FMG) looks constructive following a strong week post the global banking worries,” he said.

“We can see a test of its mid-2021 highs this financial year which again is a positive read-through for the sector.”

Unfortunately, Gerrish’s peers unanimously disagree. 

According to CMC Markets, none of the 17 analysts who currently cover Fortescue considers it a buy. Thirteen, in fact, recommend the stock be sold.

The Fortescue share price is more than 16% down since July 2021.

The post Which is the best ASX 200 iron ore stock now: BHP, Fortescue, or Mineral Resources? appeared first on The Motley Fool Australia.

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More reading

• Investing in ASX 200 dividend shares? Here’s how I’d aim for $200 per month in passive income
• Top ASX growth shares to buy in April 2023
• Why are ASX 200 lithium shares having such a miserable week?
• ASX 200 rebounds after RBA hits pause on its rate hikes
• Passive income: How much to invest to get $800 per month

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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On Wednesday, the S&P/ASX 200 Index (ASX: XJO) continued its winning streak with the smallest of gains. The benchmark index rose 1.2 points to 7,237.2 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to fall

The Australian share market is expected to have a subdued session on Thursday after a mixed night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 4 points or 1% lower this morning. In the United States, the Dow Jones rose 0.25%, but the S&P 500 fell 0.25% and the NASDAQ dropped 1.1%.

Seek rated as a buy

Analysts at Morgans are bullish on the Seek Ltd (ASX: SEK) share price. This morning, the broker has responded to the job listings company’s investor day update by retaining its add rating and $28.40 price target. The broker notes that Seek is targeting $2 billion in revenue by FY 2028, which is well ahead of consensus estimate of $1.7 billion.

Oil prices ease

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a soft session after oil prices eased on Wednesday night. According to Bloomberg, the WTI crude oil price is down 0.5% to US$80.33 a barrel and the Brent crude oil price is down 0.25% to US$84.72 a barrel. Economic growth concerns weighed on prices. In other news, Santos is holding its AGM today.

Dividends, dividends, dividends

On Thursday, the Brickworks Limited (ASX: BKW) share price is likely to trade lower after going ex-dividend. Last month, the building materials company declared an interim fully franked dividend of 23 cents per share. Elsewhere, it is payday for shareholders of a number of ASX 200 shares. This includes Atlas Arteria Group (ASX: ALX), InvoCare Limited (ASX: IVC), South32 Ltd (ASX: S32), and WiseTech Global Ltd (ASX: WTC).

Gold price edges lower

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a quiet session after the gold price edged lower overnight. According to CNBC, the spot gold price is down 0.1% to US$2,036.7 an ounce. Gold hit a one-year high before easing back a touch.

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

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More reading

• Here are the top 10 ASX 200 shares today
• Is IAG stock a good defensive ASX 200 buy right now?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Top brokers name 3 ASX shares to buy today
• Why Core Lithium, Red 5, Seek, and Viva Energy shares are storming higher

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