• 5 things to watch on the ASX 200 on Tuesday

    A female stockbroker reviews share price performance in her office with the city shown in the background through her windows

    A female stockbroker reviews share price performance in her office with the city shown in the background through her windows

    On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week in a very positive fashion. The benchmark index rose 1% to 6,964.5 points.

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

    ASX 200 expected to rise again

    The Australian share market is expected to rise again on Tuesday following a strong start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 41 points or 0.6% higher. In the United States, the Dow Jones rose 0.7%, the S&P 500 was up 1.1%, and the NASDAQ climbed 1.3%. Investors appear to be betting on an upcoming US economic data release showing that inflation is easing.

    AGL outage update

    The AGL Energy Limited (ASX: AGL) share price could come under pressure on Tuesday. After the market close on Monday, the energy company revealed that the Loy Yang A Unit 2 will be out of action for longer than expected. During testing in the final assembly of the generator rotor, a defect was identified. This is expected to delay the return of Loy Yang A Unit 2 until late October. However, management expects its strong performance during August and September to help offset the earnings impact.

    Oil prices push higher

    It could be a good day for energy producers including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 1.4% to US$87.96 a barrel and the Brent crude oil price has risen 1.5% to US$94.19 a barrel. Supply uncertainty has been boosting prices.

    Allkem tipped as a buy

    The Allkem Ltd (ASX: AKE) share price may have been on fire recently but analysts at Bell Potter still see plenty of room for it to climb higher. According to a note this morning, the broker has retained its buy rating and lifted its price target on the lithium miner’s shares to $20.04. This implies potential upside of 29% for investors over the next 12 months.

    Gold price lifts

    Gold miners such as Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a decent day after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.4% to US$1,736.0 an ounce. A softer US dollar and easing inflation bets gave the precious metal a boost.

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

    Wondering where you should invest $1,000 right now?

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    Motley Fool contributor James Mickleboro has positions in Allkem Limited. 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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  • Down 21%, what happened to the MA Financial share price today?

    Man sitting at desk in front of PC with his head in hands after looking atA worried man holds his head and look at his computer as the Megaport share price crashes todayMan sitting at desk in front of PC with his head in hands after looking atA worried man holds his head and look at his computer as the Megaport share price crashes today

    The MA Financial Group Ltd (ASX: MAF) share price endured a tough session on Monday, which included an unexpected trading halt. Shares in the company were 21.76% lower at $3.99 at the close today.

    The MA Financial share price went tumbling, and an unprecedented velocity of shares traded on the red candles this morning before being halted. This afternoon, the company issued an ASX market update concerning media coverage around the speculated axing of the significant investor visa (SIV).

    The company attempted to dispel investor fears in its update by reconfirming its FY22 guidance “for 30% to 40% underlying earnings per share growth on FY21”.

    MA Financial also supplied other details to the market. Let’s cover the highlights.

    What did the company say?

    In reaffirming its guidance, the company described its business model as “highly diversified” with asset management, lending, corporate advisory and equities segments.

    The company also responded to the description that its asset management business was almost equally funded by resident and non-migration investors. It noted that 63% of its assets under management (AUM) were non-migration related, which was a higher percentage than the 52.8% originally reported in the Australian Financial Review.

    It provided some nuance to this side of the business, saying:

    In the first eight months of FY22, 85% of gross fund inflows into the asset management business related to non-migration investors, with the remaining 15% sourced from clients under migration-related programmes.

    In its response to the price query, the company noted that today’s price and volume action happened alongside the government’s review of its immigration system and SIV visa and that it had no other news or explanation for these movements.

    MA Financial share price snapshot

    The MA Financial share price is down more than 55% year to date. In comparison, the S&P/ASX 200 Index (ASX: XJO) has fallen 8.25% over the same period.

    The company’s market capitalisation is $702 million at the time of writing.

    The post Down 21%, what happened to the MA Financial share price today? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

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    See The 5 Stocks
    *Returns as of August 4 2022

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    Motley Fool contributor Matthew Farley 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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  • Tyro share price dips amid Potentia pressure rumours

    A person leans over to whisper a secret to a colleague during a meeting.A person leans over to whisper a secret to a colleague during a meeting.

    The Tyro Payments Ltd (ASX: TYR) share price dropped by more than 5% today. It was reported that the potential suitor of the payments business, Potentia Capital Management, has been trying to get shareholders to accept its offer.

    For readers who didn’t see it last week, Tyro received an “unsolicited, non-binding and indicative proposal”. The offer was from a consortium of private investors, led by Potential Capital Management. The offer was $1.27 per share, with the option for shareholders to receive shares in a private Tyro business.

    Potentia advised that it has entered into a voting and acceptance deed with Mike Cannon-Brookes’ Grok in relation to its 12.5% shareholding in Tyro.

    The Tyro board rejected the offer, indicating that it significantly undervalued Tyro and that it’s highly opportunistic given the offer price is “substantially below” where the Tyro share price has traded in the last year. It pointed out that the company has attractive growth prospects as it increases its market share. The company said it’s expecting to achieve strong and improving operating leverage in the medium-term.

    What happened today?

    The Australian reports that Potentia has been trying to convince shareholders to accept the takeover bid. It reported that Cannon-Brookes wants to be a co-owner of Tyro if a sufficiently better bid doesn’t come in.

    The newspaper reported that other shareholders are unlikely to accept the deal because of how quickly the offer was rejected.

    Morgan Stanley analysts think that an offer of between $2 to $2.50 would be the “going rate” for similar companies. Don’t forget, the company’s initial public offer (IPO) price was $2.75 per share. So the offer price represented an offer of less than half.

    Tyro Payments share price snapshot

    Over the last month, Tyro shares have risen by around 30%. This rise came after the Potentia bid.

    The broker UBS has a buy rating and a price target of $1.80 on the business after the initial takeover bid came in. That represents a rise of more than 30%, if the broker ends up being right.

    The post Tyro share price dips amid Potentia pressure rumours appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    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 Tyro Payments. The Motley Fool Australia has recommended Tyro Payments. 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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  • Boom! This ASX coal share has rocketed 90% in a week

    A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today

    A young male ASX investor raises his clenched fists in excitement because of rising ASX share prices today

    The MC Mining Ltd (ASX: MCM) share price was on fire again on Monday after returning from a trading halt.

    The coal explorer’s shares jumped a further 14% to 57 cents.

    This means the MC Mining share price is now up 87% since this time last week.

    Why is the MC Mining share price on fire?

    Investors have been scrambling to buy MC Mining and other ASX coal shares such as Whitehaven Coal Ltd (ASX: WHC) recently in response to sky high coal prices.

    In addition, after the market close on Friday, the company responded to a price query response from the ASX.

    MC Mining suggested that the positive work that has been happening at its operations recently could be behind the rampant buying. The company explained:

    [T]he Company has recently made a number of positive announcements (including in relation to the potential optimisation of its flagship Makhado hard coking coal project (Makhado) and in relation to a sales and marketing agreement which is expected to facilitate the sale and export of coal from the Company’s Uitkomst Colliery) at favourable API4 prices.

    MC Mining also notes that these positive developments have occurred at a time when coal is a hot commodity.

    The above noted positive announcements have been made by the Company at a time of robust hard coking coal prices, recent major corporate activity in the (increasingly buoyant) coal sector in Australia, and internationally, and renewed investor interest in advanced coal exploration, project development and mining companies.

    Funding update

    MC Mining also provided a small update on the its plans to implement a comprehensive financing solution to enable the development of the Makhado project.

    While no agreement or decision has been entered into or made, the company continues to explore various fundraising options including both debt and equity financing. However, although talks are well advanced, it warned that they are still incomplete and there can be no certainty that any such transaction will be initiated.

    The post Boom! This ASX coal share has rocketed 90% in a week appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    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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  • Why did the De Grey share price leap 5% to a 4-month high today?

    miner giving 'ok' sign in front of mine

    miner giving 'ok' sign in front of mine

    The S&P/ASX 200 Index (ASX: XJO) ended up having a stellar start to the trading week during this Monday’s session. At the closing bell, the ASX 200 finished up at 6,964.5 points, a healthy gain of 1.02% over Friday’s close. But the De Grey Mining Limited (ASX: DEG) share price fared even better than that.

    De Grey shares finished up at $1.14 each at market close, up a pleasing 5.07% from last Friday’s close of $1.08 per share. This latest rise means the De Grey share price has gained an impressive near-60% from the 52-week low of 72 cents per share that we saw only a few months ago. It also means De Grey is now at its highest share price in four months.

    So what caused such an enthusiastic share price gain for De Grey shares this Monday?

    What gave the De Grey share price its glitter today?

    Well, it seems like it was nothing to do with any ASX announcements out of the company itself, seeing as there were none today. However, last Friday did see ASX broker Macquarie come out with a new outperform rating on the company.

    As we covered at the time, Macquarie gave De Grey an optimistic 12-month share price target of $1.65. This was spurred by some good news out last week for the miner’s Mallina gold project in Western Australia.

    But we also have another potential catalyst to discuss: the gold price itself.

    As a gold miner, De Grey’s fortunes are heavily dependent on what price the yellow metal itself can command.

    And, as my Fool colleague James covered this morning, gold has indeed had a positive movement in recent days. As stated this morning, “the spot gold price was up 0.4% to US$1,727.6 an ounce on Friday night. A softening US dollar gave the precious metal a boost”.

    So this could be feeding into the stellar gains De Grey shares saw today as well. Other ASX gold shares like Newcrest Mining Ltd (ASX: NCM) and Gold Road Resources Ltd (ASX: GOR) also had positive days today, which adds credence to this hypothesis.

    So it’s likely that it’s this mix of rising gold prices, positive developments out of the company and some love from brokers, that has led the De Grey share price to such a rewarding day today.

    At the current De Grey Mining share price, this ASX 200 gold share has a market capitalisation of $1.61 billion.

    The post Why did the De Grey share price leap 5% to a 4-month high today? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in De Grey Mining Limited right now?

    Before you consider De Grey Mining Limited, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and De Grey Mining Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of August 4 2022

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    Motley Fool contributor Sebastian Bowen has positions in Newcrest Mining Limited. 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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  • Have BrainChip shares been a good investment so far in 2022?

    A cloud of explosion appears in place of a man's head.A cloud of explosion appears in place of a man's head.

    Popular tech share BrainChip Holdings Ltd (ASX: BRN) has all the hallmarks of being a 10-bagger.

    The company is the worldwide leader in edge artificial intelligence (AI) on-chip processing and learning.

    Its first-to-market neuromorphic processor, Akida, mimics the human brain to meet the complex demands of edge devices.

    Some of BrainChip’s clients include major automobile company Mercedes and United States aerospace giant NASA.

    While shares in the AI company have see-sawed as of late, this hasn’t been the case for 2022.

    Let’s look at how the share price has performed for the year so far.

    How have BrainChip shares tracked so far in 2022?

    The BrainChip share price kicked off the 2022 year at 68 cents apiece, closing in on its record high of 97 cents on 9 September 2020.

    However, the new year brought fortunes to investors as hype kicked in, and the share rocketed to a new all-time high of $2.34 on 19 January.

    Unfortunately, this was short-lived as profit-takers swooped in, sending BrainChip shares to tumble under the $1 mark in March.

    For most of the year, BrainChip continued to trade in a sideways channel as the company kept quiet on its announcements.

    When market volatility hit in June, BrainChip shares tanked to a year-to-date low of 76.5 cents.

    Fears of an impending recession sparked a strong sell-off across the market.

    A rebound quickly ensued as bargain-hunters took up positions and sent the AI company’s shares to as high as $1.365 on 28 July.

    While for now the share has retraced to 95 cents at Monday’s close, investors would be up 40% for 2022. That is a decent run, given the average return for a stock is around 7% per year.

    Keep in mind, though, that the United States Federal Reserve is meeting this month to decide whether or not to lift interest rates.

    If it does, this could see the tech-heavy Nasdaq fall, which would have consequences for BrainChip shares.

    Should the Fed Reserve hold interest rates, the rally will likely continue, pushing BrainChip shares higher.

    The post Have BrainChip shares been a good investment so far in 2022? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Brainchip Holdings Limited right now?

    Before you consider Brainchip Holdings Limited, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Brainchip Holdings Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of August 4 2022

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

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  • Here are the top 10 ASX 200 shares today

    Top ten gold trophy.Top ten gold trophy.

    The S&P/ASX 200 Index (ASX: XJO) started the week off with a bang, driven higher by miners and tech shares. The index lifted 1.02% to close at 6,964.50 points on Monday.

    The S&P/ASX 200 Materials Index (ASX: XMJ) closed today’s session 2.2% higher, likely on the back of rising commodities.

    Iron ore futures lifted 2.1% to US$102.23 a tonne on Friday while gold futures rose 0.5% to US$1,728 an ounce. Nickel also posted a 5.7% gain to finish Friday trading at U$22,959 a tonne.

    Meanwhile, the S&P/ASX 200 Information Technology Index (ASX: XIJ) surged 1.5% today.

    Its gains were likely due to a similarly strong Friday on Wall Street. The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) gained 2.1% on Friday.

    But it wasn’t all green across the market today. The S&P/ASX 200 Health Care Index (ASX: XHJ) was alone in posting a loss on Monday. It fell 0.3%.

    But which ASX 200 share recorded the best start to the week? Keep reading to find out.

    Top 10 ASX 200 shares countdown

    Today’s top performing ASX 200 share was Nickel Industries Ltd (ASX: NIC).

    The materials stock posted a 6.7% gain after the company released an update on its Hengjaya Mine.  

    Today’s biggest gains were made by these ASX shares:

    ASX-listed company Share price Price change
    Nickel Industries Ltd (ASX: NIC) $0.955 6.7%
    Gold Road Resources Ltd (ASX: GOR) $1.43 5.15%
    De Grey Mining Limited (ASX: DEG) $1.14 5.07%
    News Corporation (ASX: NWS) $26.03 5%
    Block Inc (ASX: SQ2) $109 4.94%
    Domino’s Pizza Enterprises Ltd (ASX: DMP) $63.51 4.42%
    City Chic Collective Ltd (ASX: CCX) $1.725 4.23%
    CSR Limited (ASX: CSR) $4.71 4.2%
    Clinuvel Pharmaceuticals Limited (ASX: CUV) $22.08 4.15%
    Elders Ltd (ASX: ELD) $12.77 3.99%

    Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
    *Returns as of August 4 2022

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    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 Block, Inc. The Motley Fool Australia has positions in and has recommended Block, Inc. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited and Elders 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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  • Leading brokers name 3 ASX shares to buy today

    ASX shares Business man marking buy on board and underlining it

    ASX shares Business man marking buy on board and underlining it

    With so many shares to choose from on the ASX, it can be hard to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.

    Three top ASX shares leading brokers have named as buys this week are listed below. Here’s why they are bullish on them:

    Aroa Biosurgery Ltd (ASX: ARX)

    According to a note out of Bell Potter, its analysts have retained their speculative buy rating on this medical device company’s shares with an improved price target of $1.40. Bell Potter likes the company’s soft tissue regeneration technology, OviTex, due to its low hernia recurrence. It notes that discussions with high-volume surgeons in the US indicate recurrence rates are under 5% across robotic inguinal, open inguinal, and ventral hernia procedures. All in all, the broker appears to believe this leaves it well-placed for strong top line growth in the coming years. The Aroa Biosurgery share price is trading at 78 cents on Monday.

    Domino’s Pizza Enterprises Ltd (ASX: DMP)

    A note out of Citi reveals that its analysts have retained their buy rating and $84.40 price target on this pizza chain operator’s shares. Citi notes that its analysis of high frequency data suggests sales growth is accelerating in Japan despite cycling tough comps. And while Europe and Australia remain weak due to cost of living pressures, it remain positive on the medium term outlook. This is due to same store sales appearing on track to turn positive and the moderation of some inflationary headwinds. The Domino’s share price is fetching $63.59 this afternoon.

    Lovisa Holdings Ltd (ASX: LOV)

    Analysts at Morgan Stanley have retained their overweight rating and lifted their price target on this jewellery retailer’s shares to $27.25. According to the note, the broker was impressed with Lovisa’s performance in FY 2022 and is bullish on its outlook. Particularly given its belief that the company can open stores quicker than the market is expecting. It also sees margin expansion opportunities from price increases and operating leverage. The Lovisa share price is trading at $24.40 today.

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

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.* Scott just revealed what he believes could be the “five best ASX stocks” for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now

    See The 5 Stocks
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    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 recommended Dominos Pizza Enterprises Limited and Lovisa Holdings Ltd. 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 Northern Star share price has dumped 8% in a month. So what’s the dividend yield right now?

    Gold bars and Australian dollar notes.

    Gold bars and Australian dollar notes.

    The S&P/ASX 200 Index (ASX: XJO) hasn’t had the happiest month. Over the past four weeks or so, the ASX 200 has lost around 1.5% of its value. But it’s been even worse for the Northern Star Resources Ltd (ASX: NST) share price.

    Northern Star shares are today going for $7.76 a share at the time of writing, up 0.4% for this session. But one month ago, the company had closed at $8.43 a share. That means that Northern Star shares have lost a painful 8.2% over the past month. Ouch.

    But what about dividends? After all, as an ASX gold miner, dividends are important for many of Northern Star’s shareholders. Remember, gold bullion doesn’t offer any yield itself, so many gold investors like to invest in gold miners like Northern Star for yield.

    As any dividend investor worth their salt knows, falling share prices usually translate into higher dividend yields. A dividend yield is a function of a company’s dividends per share, and its share price. The lower the share price, the larger the dividend yield.

    What kinds of dividends do Northern Star shares have on the table today?

    In terms of raw dividends per share, Northern Star has some pleasing metrics up its sleeve. We’ve just seen the gold miner declare a final dividend for FY22 of 11.5 cents per share, fully franked.

    That was a pleasing 21% rise over FY21’s final dividend of 9.5 cents per share. It brings Northern Star’s total dividends paid over 2022 to 21.5 cents per share, again a decent boost over 2021’s total of 19 cents.

    A month ago, when Northern Star was asking $8.43 a share, this would have given the company a dividend yield of 2.55%. But, at today’s price of $7.76, this yield has risen to 2.77%.

    Of course, this only applies to investors buying Northern Star Resources shares today. If an investor bought last month at $8.43, they would be stuck with the old yield on their capital.

    But even so, the relationship between share price and dividend yield is one that all income investors should take care to understand. It can make the difference between a good dividend share and a great one over time, provided the right ASX shares are chosen, of course.

    At the current Northern Star Resources share price, this ASX 200 gold miner has a market capitalisation of $9.03 billion.

    The post The Northern Star share price has dumped 8% in a month. So what’s the dividend yield right now? appeared first on The Motley Fool Australia.

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    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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  • Here’s why this obscure ASX mining share is exploding 87% on Monday

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    Little-known ASX mining share Odessa Minerals Ltd (ASX: ODE) is shooting the lights out today.

    Odessa Minerals shares closed yesterday trading for 1.5 cents and are trading for 2.8 cents at the time of writing, up 86.8%.

    Here’s what’s piquing investor interest in this tiny ASX mining share today.

    Why is the Odessa Minerals share price on fire today?

    The Odessa Minerals share price is shooting higher after the ASX mining share announced it has been granted two out of the three exploration licence applications at its Lyndon Project, located in Western Australia.

    The Lyndon Project covers 606 square kilometres of the highly prospective Gascoyne Complex.

    Odessa expects ministerial consent to transfer the two granted tenements from CRC Minerals Ltd under the Mining Act in the near future. The miner expects it will be granted the third exploration license inside the next month.

    Commenting on the “excellent news,” Odessa executive director David Lenigas said:

    Recently acquired historical lithium data includes an assay of 314 ppm lithium oxide. This highly significant result comes from a drainage sample collected immediately downstream of a cluster of outcropping pegmatites, and this area will be our initial focus for exploration over the coming months.

    We are also highly encouraged by the recent rare earth element (REE) drilling results that Dreadnought Resources are getting from their Yin Prospect, which is located to the east of Lyndon.

    The ASX mining share plans to kick off exploration at Lyndon for lithium, rare earth elements and copper-nickel.

    The deal remains subject to shareholder approval.

    How has this little-known ASX mining share been performing?

    Odessa Minerals is a microcap stock and, as such, shares tend to be thinly traded. Though not today.

    With today’s intraday lift factored in, the ASX mining share is up 45% over the past month. That compares to a 1% one-month loss posted by the All Ordinaries Index (ASX: XAO).

    The post Here’s why this obscure ASX mining share is exploding 87% on Monday appeared first on The Motley Fool Australia.

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    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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