There could be significant value on offer with the Aristocrat Leisure Limited (ASX: ALL) share price at current levels.

That’s the view of analysts at Goldman Sachs, which have just reiterated their bullish view on the ASX 200 gaming technology share following its investor round table event.

What is Goldman saying about this ASX 200 share?

According to the note, the broker has retained its buy rating and $42.80 price target on the company’s shares.

Based on where this ASX 200 share is currently trading, this implies potential upside of 18.5% for investors over the next 12 months.

And with Goldman expecting a 2.1% dividend yield from its shares, the total potential return stretches beyond 20%.

Aristocrat has a ‘significantly strong’ outlook

Goldman is bullish on this ASX 200 share due to its belief that it has a very positive outlook. This is for both Aristocrat’s core poker machine and digital businesses, as well as its fledging Anaxi (iGaming) business.

In response to the investor round table, the broker commented:

Overall, ALL’s progress remains on track with expectations with Australia gaming noted to be weak (GSe Australia Segment profit for 1H23e expected -28% vs. pcp). We view ALL as strategically the most diversified amongst our gaming coverage, holding a top 3 spot in slot machine sales in the US, having a strong digital gaming offering, and now the launch into the growing iGaming market. While short-term headwinds persist in the form of supply chain, spend for longer term growth etc., ALL’s outlook and iGaming opportunity remain significantly strong, in our view. We are Buy rated on ALL.

All in all, the broker believes this is a top growth share for investors to buy right now.

The post This ASX 200 growth share’s outlook is ‘significantly strong’: Goldman Sachs appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy next week
• Buy these ASX growth shares now: analysts
• Buy and hold these ASX 200 shares: brokers
• 2 ASX growth shares to buy: Goldman Sachs
• How I’d invest $20,000 in ASX 200 shares to aim for a million

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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S&P/ASX 200 Index (ASX: XJO) lithium shares were among the best performers on the index in 2022.

Well, at least up through November. That’s when lithium prices hit all-time highs, having leapt more than 1,250% in just two years.

But 2023 has seen lithium stocks come back to earth as the price for the battery-critical metal they dig from that earth has tumbled.

Today, the leading ASX 200 lithium shares are again underperforming the benchmark index.

The ASX 200 is down 0.7% in afternoon trade, following US markets lower in the wake of the latest interest rate increase from the US Fed.

Here’s how the top lithium stocks are tracking at this same time:

• Pilbara Minerals Ltd (ASX: PLS) shares are down 5.1%
• Core Lithium Ltd (ASX: CXO) shares are down 5.1%
• Allkem Ltd (ASX: AKE) shares are down 3.8%
• IGO Ltd (ASX: IGO) shares are down 1.7%
• Mineral Resources Ltd (ASX: MIN) shares are down 2.5%

So, why are ASX 200 lithium shares under extra pressure today?

Why are ASX 200 lithium shares falling today?

Most of the selling action looks to be related to concerns that the lithium price has further to fall.

And this comes after the price for the ‘white gold’ has already halved since November’s record highs, with lithium currently trading at the lowest levels in 14 months.

That’s cutting into the profitability of ASX 200 lithium shares and is giving some investors pause.

As a BloombergNEF report noted, “Lithium carbonate prices saw a greater rate of decline as greater supply growth outlook for the year coincides with weaker demand sentiment.”

Supply and demand dynamics

On the demand side, 2022 saw Chinese battery manufacturers ramp up production to take advantage of government subsidies, which have now been wound down. China’s government is also ending subsidies for EV purchases. The combination is expected to see a material reduction in lithium demand.

On the supply side, soaring lithium prices encouraged a wave of resource explorers to turn their sights on the battery-critical metal. All while ASX 200 lithium shares have moved to expand their own projects.

A number of new, large-scale projects are coming online over the coming months, including Core Lithium’s Finniss Project in the Northern Territory.

That leads Nio Inc’s CEO, William Li to forecast that the lithium price has further to fall, believing the price will “quite likely” drop to around 200,000 yuan or less in the fourth quarter of 2023.

That’s down from the recent price of 295,000 yuan per tonne.

“Starting from this year, we are going to see more output from upstream. We believe demand probably is not going to be that strong compared with the past,” Li said (quoted by Bloomberg).

If the battery-critical metal does indeed face another 30% plus slide by Q4 2023, ASX 200 lithium shares will likely continue to come under pressure.

Longer-term, any retrace in the big lithium miners’ share prices could prove to be a profitable entry point, with global lithium demand still forecast to continue growing strongly over the next decade.

The post Investing in ASX 200 lithium shares? You’ll want to read this appeared first on The Motley Fool Australia.

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More reading

• Why are ASX lithium shares sinking today?
• Why Core Lithium, National Storage, OFX, and Polynovo shares are dropping today
• Core Lithium share price tumbles 4% on milestone sales agreement
• What was with ASX lithium shares today?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday

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.

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Are you looking for ASX 200 dividend shares to buy for a second income? If you are, then you may want to check out the two listed below that have been named as buys.

Here’s why they could help you in your second income quest:

Harvey Norman Holdings Limited (ASX: HVN)

Goldman Sachs believes that recent weakness in the Harvey Norman share price could have created a buying opportunity for investors. Especially for those searching for big dividend yields!

The broker believes the market is undervaluing Harvey Norman and highlights that its shares are trading at just 6x FY 2024 estimated earnings ex-property. This is notably cheaper than its rivals.

Goldman currently has a buy rating and $4.70 price target on the retailer’s shares.

As for dividends, the broker is expecting fully franked dividends per share of 36 cents in FY 2023 and then 30 cents in FY 2024. Based on the current Harvey Norman share price of $3.71, this will mean yields of 9.7% and 8.1%, respectively.

Macquarie Group Ltd (ASX: MQG)

Morgans is a fan of this investment bank and is tipping it as a buy.

The broker believes Macquarie is well-placed for the long term thanks thanks to its “exposure to long-term structural growth areas such as infrastructure and renewables.” It also highlights its potential to “benefit from recent market volatility through its trading businesses.”

In respect to dividends, the broker is expecting Macquarie to pay partially franked dividends of $8.28 per share in FY 2023 and $7.64 per share in FY 2024. Based on the current Macquarie share price of $171.32, this implies yields of 4.8% and 4.45%, respectively.

Morgans has an add rating and $222.80 price target on Macquarie’s shares.

The post Buy these ASX 200 dividend shares for a second income: analysts appeared first on The Motley Fool Australia.

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• 5 ASX shares I’d buy if there is panic selling
• $72m and counting: ASX 200 director’s massive share buy-up continues
• Want high income right now? These are the ASX dividend shares I would buy
• Here are the top 10 ASX 200 shares today
• Guess which ASX 200 director has bought $50m worth of shares in a fortnight?

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 Harvey Norman. The Motley Fool Australia has positions in and has recommended Harvey Norman and Macquarie 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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ASX lithium shares are tumbling on the market today.

Lithium explorers in the red today include:

• Core Lithium Ltd (ASX: CXO), sliding 5%
• Pilbara Minerals Ltd (ASX: PLS), falling 5%
• Sayona Mining Ltd (ASX: SYA), descending 2.5%
• Lake Resources N.L. (ASX: LKE), plummeting 5.56%
• Mineral Resources Ltd (ASX: MIN), down 2.44%
• Piedmont Lithium Inc (ASX: PLL), tumbling 6.67%
• Allkem Ltd (ASX: AKE), dropping 3.74%

Let’s take a look at what is going on with ASX lithium shares.

What’s happening?

Lithium shares appear to be tumbling today amid a decline in the lithium price and wider market turmoil.

The lithium carbonate price in China has descended 30% in a month to 290,000 yuan (US$42.147), Caixin Global reported today.

This reflects lower Electric Vehicle (EV) sales in China, leading to lower demand for lithium in EV batteries.

Lithium hydroxide is also down 1.29% to US$68,600 on the London Metal Exchange.

Commenting on the lithium price in a research report this morning, ANZ economist Madeline Dunk said:

Lithium prices remained under pressure despite Chile requiring all new projects to use an untried process in a bid to reduce water losses.

The requirement may constrain future production from the world’s biggest holder of reserves just as demand is picking up.

Lithium shares in the United States also descended yesterday, with Sociedad Quimica y Minera de Chile (NYSE: SQM) sliding 1.04%, and Livent Corp (NYSE: LTHM) shares descending 2.87%.

The S&P/ASX 200 Materials Index (ASX: XMJ) is struggling overall amid wider market falls. The S&P/ASX 200 (ASX: XJO) is down 0.74%.

This follows the S&P 500 Index (SP: .INX) tumbling 1.65% overnight amid news that the US Federal Reserve will raise rates by 25 basis points.

Meanwhile, Core Lithium advised the market today it has found a buyer for its maiden lithium production. Spodumene concentrate produced at the company’s Finniss Lithium Operation in the Northern Territory will be sold to long-term customer Sichuan Yahua.

The post Why are ASX lithium shares sinking today? appeared first on The Motley Fool Australia.

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More reading

• Why Core Lithium, National Storage, OFX, and Polynovo shares are dropping today
• Core Lithium share price tumbles 4% on milestone sales agreement
• What was with ASX lithium shares today?
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Top brokers name 3 ASX shares to buy today

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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has followed Wall Street’s lead and dropped deep into the red. At the time of writing, the benchmark index is down 0.75% to 6,963.3 points.

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

Core Lithium Ltd (ASX: CXO)

The Core Lithium share price is down 4.5% to 75.5 cents. This is despite the lithium miner announcing a sales agreement with Sichuan Yahua for the sale of additional spodumene concentrate from the Finniss Lithium Operation. Broad weakness in the lithium industry due to pricing concerns has offset this news.

National Storage REIT (ASX: NSR)

The National Storage share price is down 4.5% to $2.40. This follows the completion of the storage company’s institutional placement this morning. National Storage has raised $300 million at a 4% discount of $2.41. The proceeds will be used to fund its strategic growth initiatives (committed acquisitions and developments), repay debt, and strengthen its balance sheet.

OFX Group Ltd (ASX: OFX)

The OFX share price is down 12% to $1.57. Investors have been hitting the sell button in response to a trading update. The money transfer company revealed that it expects to achieve its guidance in FY 2023. However, it appears to have spooked investors by revealing that economic uncertainty has led to a softening of demand in its high value consumer segment.

Polynovo Ltd (ASX: PNV)

The Polynovo share price is down 13% to $1.80. This follows news that its chairman, David Williams, has sold 4.75 million shares. The medical device company notes that these shares were sold so Williams could part settle a US property purchase. It also highlights that its chairman still holds 21,384,432 shares and does not intend to sell any more shares for the foreseeable future.

The post Why Core Lithium, National Storage, OFX, and Polynovo shares are dropping today appeared first on The Motley Fool Australia.

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More reading

• Why is the National Storage share price down 5% today?
• Core Lithium share price tumbles 4% on milestone sales agreement
• What was with ASX lithium shares today?
• This ASX 200 property share just announced a trading halt. What’s going on?
• Is the Core Lithium share price a buy at 84 cents?

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 Ofx Group and PolyNovo. The Motley Fool Australia has recommended Ofx 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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Interested in bolstering your passive income portfolio with just one S&P/ASX 200 Index (ASX XJO) dividend share? Rio Tinto Ltd (ASX: RIO) could be worth considering.

The iron ore giant currently offers a notable 6.2% dividend yield. That means the stock could be capable of paying out $2,000 a month with a smaller initial investment than many of its ASX 200 peers require.

Here’s how I’d aim to build a strong monthly passive income by investing in high-yielding Rio Tinto shares.

I’d buy Rio Tinto shares for $2,000 of monthly passive income

Passive income is just that – income that comes without any active work on your part. I don’t know many people who would turn down the chance to earn $2,000 each month for doing nothing.

And that’s what’s on offer to those holding enough shares in Rio Tinto.

Each of the iron ore favourite’s securities has offered $7.10 of dividends over the last 12 months.

At that rate, a 3,380-strong parcel of the ASX 200 giant’s stock could bring in $24,000 of passive income annually.

That’s before considering potential tax benefits born from the franking credits accompanying the payouts or dividend growth, like that forecasted by Goldman Sachs.

However, Rio Tinto shares don’t necessarily come cheap. They’re currently trading for around $113.91 apiece.

Thus, my desired 3,380 shares would come with an approximate price tag of $385,000. That’s not exactly pocket change. Fortunately, I believe there’s a way to lessen the outright cost.

Making the most of compounding

If my goal was to command a parcel of 3,380 Rio Tinto shares but I didn’t have quite enough cash, I would work to invest a smaller amount each week and employ the company’s dividend reinvestment plan (DRP).

That would allow me to use any dividends I receive to buy more shares without paying a commission. Meanwhile, I would be consistently bolstering my holding on the market.

Thus, my investment could compound over the coming years until it reaches my goal.

Though, it’s worth remembering that past performance doesn’t indicate future performance. Further, as a materials company, Rio Tinto’s earnings – and, as an extension, its dividends – tend to fluctuate alongside commodity prices.

The post Dividend devotee: I’d buy Rio Tinto shares for $2,000 of monthly passive income appeared first on The Motley Fool Australia.

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• 2 ASX 200 mining shares to buy with huge upside potential: analysts
• Buy these ASX dividend shares with 5%+ yields: analysts
• 3 top ASX mining shares I’d buy right now
• How I’d aim to retire rich enough to live on passive income from my ASX dividend shares
• How to generate $500 of monthly income from Rio Tinto shares

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 Goldman Sachs Group. 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 Bendigo and Adelaide Bank Ltd (ASX: BEN) share price has suffered amid the volatility for bank shares around the world. But, the regional bank does offer a very high dividend yield, so does this make it a buy?

There has been a lot of banking pain in the northern hemisphere with the collapse of Silicon Valley Bank (SVB), as well as all the troubles faced by Credit Suisse.

Compared to ASX bank shares, SVB would be considered a huge player. But, in the US it’s just a mid-tier, ‘regional’ bank. With investor concerns about what that could mean for regional banks here, the Bendigo Bank share price has been falling – it’s down 12% from 27 January 2023.

For SVB, there was a ‘duration’ problem, meaning it had short-term, at-call deposits, which it then invested in longer-duration bonds. However, what’s going on in the US and Europe is a different situation to Bendigo Bank’s setup. The ASX bank share has a different, local client base, and it’s not focused on businesses.

Dividend projection

The last two dividends from Bendigo Bank amount to a grossed-up dividend yield of around 9%.

But, in terms of what it’s expected to pay in FY23, Commsec numbers suggest that the regional ASX bank share is forecast to pay an annual dividend per share of 60 cents per.

At the current Bendigo Bank share price, this could translate into an FY23 grossed-up dividend yield of 9.6%.

That’s certainly stronger than what people can achieve from a bank account, or what most ASX dividend shares are expected to pay in this financial year.

Is the Bendigo Bank share price a buy?

Specifically, on Bendigo Bank, I’m not worried about the regional bank collapsing. I believe that FY23 could prove to be a solid year considering interest rates have gone higher and the regional player is able to earn a bigger profit on its lending.

In the FY23 half-year result, it saw cash earnings after tax increase by 22.9% to $294.7 million, while the net interest margin (NIM) improved 19 basis points to 1.88% (the lending profit margin improved noticeably). The cost-to-income ratio improved by 500 basis points to 54.6%, showing it has done well at keeping costs under control. Customer numbers rose 5% to 2.3 million.

But, what does worry me a bit is that credit provisions/bad debt expenses are “likely to come under pressure as the tightening cycle continues and move closer toward historical averages for the bank, which are low by industry standards”.

In other words, the attractive combination of higher lending profits and low bad debts is unlikely to last forever.

I believe that Bendigo Bank is in a good position, with a common equity tier 1 (CET1) ratio of 10.13% at the end of the first half. Its balance sheet is in good shape.

However, if I were looking for passive dividend income, I think there are other areas that aren’t as competitive and commodity-like as banking. If I wanted to buy Bendigo Bank shares, I think this is a decent time to consider the regional bank, but it wouldn’t be at the top of my income stock wishlist.

The post Is the Bendigo Bank share price a good bet with its 9% dividend yield? appeared first on The Motley Fool Australia.

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More reading

• Why Bendigo and Adelaide Bank, BHP, IPH, and Woodside shares are dropping
• Why is the Bendigo Bank share price being hit the hardest of the small ASX banks?
• Why are the smaller ASX 200 banks rebounding so strongly on Wednesday?
• ASX 200 bank shares: Are they better prepared than Silicon Valley Bank?
• 5 things to watch on the ASX 200 on Monday

SVB Financial provides credit and banking services to The Motley Fool. 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 SVB Financial. The Motley Fool Australia has positions in and has recommended Bendigo And Adelaide Bank. The Motley Fool Australia has recommended SVB Financial. 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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ASX lithium share Winsome Resources Ltd (ASX: WR1) is down 3.1% during lunchtime trading, having earlier posted losses of almost 5%.

The ASX lithium explorer closed yesterday trading for $1.45 per share. Shares are currently trading for $1.405 apiece.

The stock is taking a tumble despite the company reporting positive lithium exploration results.

That looks to be partly due to a broader market sell-down today, following the latest overnight interest rate increase from the US Fed.

ASX lithium shares are widely underperforming today, possibly on news of fast-falling lithium prices in China, the world’s top EV producer.

What did the ASX lithium share report?

The Winsome Resources share price isn’t getting a boost despite the company announcing it had intersected further high-grade lithium zones at its 100%-owned Adina project in Quebec, Canada.

The assays included several intersections in excess of 50 metres and above grades of 1% Li2O.

The ASX lithium share reported that one exceptionally high-grade zone returned 2.40% Li2O over 9.0 metres from 49.0 metres, while another returned 2.82% Li2O over 6.0 metres from 84.0 metres.

Commenting on the results, Winsome Resources managing director Chris Evans said:

Results from drilling are demonstrating that Adina is a robust lithium project well placed for development to supply future North American demand. We have intersected mineralisation on every drill section over a 700-metre strike length. More importantly the consistency of grade and width through the core of the deposit is very encouraging.

Assays have now been received from 21 out of the 38 drill holes completed to date.

Winsome is deploying a third drill rig to Adina in the coming weeks.

Winsome Resources share price snapshot

The past month has been a rough one for Winsome Resources, with the company’s shares down 30%.

Still, as you can see on the chart below, the ASX lithium share has been a winner for longer-term shareholders, up 204% over the past 12 months.

The post ASX lithium share Winsome Resources drops despite high grade results. Here’s why appeared first on The Motley Fool Australia.

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More reading

• 4 ASX mining shares that have soared over 150% in a year
• Why BHP, Dicker Data, South32, and Winsome Resources are pushing higher

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.

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It’s been a pretty horrible day for the S&P/ASX 200 Index (ASX: XJO) so far this Thursday. At the time of writing, the ASX 200 is down by a nasty 0.67%, pulling the index back under 7,000 points. But it’s been even worse for the National Storage REIT (ASX: NSR) share price.

National Storage REIT units have returned from their trading halt today. And investors did not treat this real estate investment trust (REIT)‘s absence kindly. This ASX 200 property share last traded at $2.51 a share as of Tuesday’s close. But today, National Storage units opened at just $2.38 per unit this morning, down more than 5%.

At the time of writing, the REIT has recovered somewhat, but is still nursing a 4% loss at $2.41 per unit.

So what’s going on here?

National Storage units return to trading

Well, as we covered yesterday, National Storage announced a trading halt on Wednesday morning to allow the company to conduct a capital raising program. This consisted of a $300 million institutional share placement, and a $25 million share purchase plan for retail investors.

At the time, the REIT told investors that it intended to use the funds for the following:

The proceeds from the Equity Raising will be used to fund NSR’s committed and future acquisitions and its committed development spend, repay debt, including drawn facilities that are due to expire in 1H FY24, and strengthen the balance sheet.

Originally, the REIT indicated to the markets that its shares would resume trading tomorrow. However, this morning, the company released an announcement that told investors it had successfully completed its capital raising at a price of $2.41 per unit.

It also revealed that the company would be returning to trade today after “the placement received strong support from existing securityholders and new investors”.

Here’s what National Storage managing director Andrew Catsoulis had to say this morning:

We are very appreciative of the huge amount of support received for National Storage and its growth strategy from both existing and new investors. The equity raising will allow National Storage to fund strategic growth initiatives, repay debt and strengthen the balance sheet.

So it appears that investors were either not entirely happy with the capital raising, or else are just sending National Storage units down with the rest of the market today. Or perhaps a bit of both.

Either way, it’s probably not the return that this ASX 200 REIT envisioned. But let’s see what the rest of the week has in store for the National Storage unit price.

The post Why is the National Storage share price down 5% today? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Thursday
• Here are the top 10 ASX 200 shares today
• Rising Flight Centre share price delivers 25% gains to SPP investors in a week
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Why is the New Hope share price up 5% and leading the ASX 200 today?

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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The S&P/ASX 200 Index (ASX: XJO) is having a disappointing session on Thursday. In afternoon trade, the benchmark index is down 0.7% to 6,966.7 points.

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

Brickworks Limited (ASX: BKW)

The Brickworks share price is up 3.5% to $23.88. This follows the release of the building products company’s half-year results this morning. Thanks largely to its property business, Brickworks delivered a 24% increase in half-year underlying profit to a record $410 million. This allowed the company to increase its interim dividend by 5% to 23 cents per share.

Healius Ltd (ASX: HLS)

The Healius share price is up 1% to $3.03. Investors have been buying this healthcare company’s shares this week after it received a takeover approach from smaller rival Australian Clinical Labs Ltd (ASX: ACL). Although the offer is not at a premium, Australian Clinical Labs expects to create significant value for shareholders by merging the two companies.

Mincor Resources NL (ASX: MCR)

The Mincor share price is up a further 3.5% to $1.58. This nickel miner’s shares have risen strongly this week after Twiggy Forrest’s Wyloo Metals business made a takeover approach. Wyloo has tabled a $1.40 per share offer, which values the company at $760 million. Investors appear to believe that BHP Group Ltd (ASX: BHP) could come in with a higher offer.

Northern Star Resources Ltd (ASX: NST)

The Northern Star share price is up 2% to $11.43. Investors have been buying Northern Star and other gold miners today after the price of the precious metal rebounded overnight. Traders appear to believe the safe haven asset will benefit from market volatility caused by rising interest rates. The S&P/ASX All Ordinaries Gold index is up 1.2% this afternoon.

The post Why Brickworks, Healius, Mincor, and Northern Star shares are rising today appeared first on The Motley Fool Australia.

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More reading

• Brickworks share price higher on record half-year profit
• 5 things to watch on the ASX 200 on Thursday
• Why are ASX 200 gold stocks on a rollercoaster lately?
• Why ASX 200 gold shares could see the yellow metal hit new record highs: expert
• 5 things to watch on the ASX 200 on Wednesday

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 Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks. 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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