Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be quality options.

Analysts have recently rated these dividend shares as buys. Here’s what you need to know about them:

Baby Bunting Group Ltd (ASX: BBN)

The first ASX dividend share to look at is baby products retailer Baby Bunting.

It could be a top option for income investors thanks to its leadership position in a less discretionary category.

It is for this reason and its recent expansions into new categories that the team at Citi are very positive on the company and have a buy rating and $6.22 price target on its shares. They believe Baby Bunting is “well placed to outperform the broader small cap retail sector this year” and its “growth prospects are in some respects less risky than other high multiple retailers who are relying more on new markets and acquisitions.”

As for dividends, the broker is forecasting fully franked dividends per share of 16 cents in FY 2022 and 19 cents in FY 2023. Based on the current Baby Bunting share price of $4.88, this will mean yields of 3.3% and 3.9%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX dividend share that is highly rated is Wesfarmers. It is the conglomerate behind a collection of businesses including Bunnings, Catch, Covalent Lithium, Kmart, Officeworks, and Priceline.

The team at Morgans are very positive on the company. They believe Wesfarmers is well-placed to navigate the tough retail environment due to its value offering. Morgans also likes the company due to it having “one of the highest quality retail portfolios in Australia” and a “highly regarded management team.”

The broker currently has an add rating and $58.40 price target on its shares.

In respect to dividends, Morgans is forecasting fully franked dividends per share of $1.65 in FY 2022 and $1.81 in FY 2023. Based on the current Wesfarmers share price of $47.57, this will mean yields of 3.5% and 3.8%, respectively.

The post 2 excellent ASX dividend shares experts rate as buys appeared first on The Motley Fool Australia.

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More reading

• What’s impacting ASX 200 retail shares today?
• What are you getting when you buy Wesfarmers shares on the ASX today?
• 2 ASX 200 dividend shares analysts rate as buys
• What’s impacting the Wesfarmers share price on Thursday?
• Why is the Wesfarmers share price beating the ASX 200 today?

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

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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) had a volatile day but eventually closed it with a small gain. The benchmark index rose 0.1% to 7,029.8 points.

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

ASX 200 expected to tumble

The Australian share market looks set to have a difficult day on Wednesday following a poor night of trade in the United States. According to the latest SPI futures, the ASX 200 is expected to open the day 40 points or 0.6% lower this morning. On Wall Street, the Dow Jones fell 0.2%, the S&P 500 dropped 0.4%, and the Nasdaq sank 1%.

Oil prices soften

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a poor day after oil prices softened overnight. According to Bloomberg, the WTI crude oil price is down 0.2% to US$90.52 a barrel and the Brent crude oil price has fallen 0.35% to US$96.30 a barrel. This was driven by optimism that Iran may boost its crude exports.

CBA results

The Commonwealth Bank of Australia (ASX: CBA) share price will be one to watch this morning when the banking giant releases its full-year results. According to a note out of Goldman Sachs, following the bank’s update on one-offs earlier this week, its analysts are now forecasting cash earnings of $9,509 million for FY 2022. This will be a 9.9% increase on the prior corresponding period. The broker expects this to underpin a full year fully franked dividend of 380 cents per share.

Gold price rises

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a decent day after the gold price traded higher overnight. According to CNBC, the spot gold price is up 0.3% to US$1,810.90 an ounce. Traders were buying gold after the the US dollar softened.

Computershare results and guidance

The Computershare Limited (ASX: CPU) share price could be on the move on Wednesday after the stock transfer company released its full year results following yesterday’s close. For the 12 months ended 30 June, Computershare reported a 12.2% increase in management revenue to $2.6 billion and a 10.6% lift in management earnings per share (EPS) to 58.03 cents. Looking ahead, the company is guiding to massive management EPS growth of 55% in FY 2023.

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

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More reading

• ASX 200 energy shares mixed amid bearish oil price outlook
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why Block, CBA, Mesoblast, and NAB shares are dropping today
• In this most volatile of years, the ASX 200 is within shouting distance of turning positive

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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Are you interested in adding some ASX growth shares to your portfolio this month? If you are, you may want to look at the ones listed below that have recently been named as buys.

Here’s what you need to know about them:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is a leading appliance manufacturer which has been growing at a consistently solid rate for many years. This has been underpinned by its investment in research and development and international expansion.

The good news is that these drivers are still in place and are expected to support further solid growth over the next decade.

It is partly for this reason that the team at Goldman Sachs currently rate Breville as a buy with a $23.40 price target on its shares.

Goldman commented:

We see BRG as having a three-pronged growth strategy: 1) building on secular growth of the portioned and roast & ground (R&G) coffee market and achieving market share gains; 2) new market entry; and 3) options – ecosystem revenue streams.

Treasury Wine Estates Ltd (ASX: TWE)

Another ASX growth share that could be a top option for investors is Treasury Wine. It is one of the world’s leading wine companies and the name behind a range of popular brands including Penfolds, 19 Crimes, and Wolf Blass.

After going through a difficult period due to being effectively kicked out of China, Treasury Wine has bounced back strongly.

The good news is that analysts at Morgans believe the company’s growth is only just beginning. As a result, it has put an add rating and $13.93 price target on its shares.

Morgans explained:

TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

The post 2 excellent ASX growth shares to buy now according to brokers appeared first on The Motley Fool Australia.

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• Here are the top 10 ASX 200 shares today
• 3 ASX 200 shares to buy for a post-COVID resurgence: experts
• Winner winner chicken dinner: Expert names 2 ASX shares to buy now
• Here are the top 10 ASX 200 shares today
• Morgans name 3 of the best ASX shares to buy in August

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 Treasury Wine Estates 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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The drill went into overdrive as the Aldoro Resources Ltd (ASX: ARN) share price jumped up by as much as 34% in intraday trade on Tuesday. 

The ASX lithium share closed at 26.5 cents a share, a 20.45% gain after hitting an intraday high of 29.5 cents apiece.

The rally was likely sparked by the company releasing an update on its drilling programme at the Wyemandoo Critical Metal Project in Western Australia.

Drilling results

Aldoro identified key lithium-rubidium targets after completing a total of 29 RC holes for 3,198 metres that ranged from 84 to 201 metres in depth. These holes intersected pegmatites at a range of intervals, the company said.

Aldoro advised many of these intersections have been interpreted as moderately dipping dykes orientated to the northwest or flat-lying sills. 

Quarterly results 

Aldoro has built solid momentum after releasing its quarterly results for the three months ended June 2022 on 27 July.

This update provided a substantial list of drilling results. One key highlight was the engagement of pegmatite processing expert Professor Zhiguo He.

He is conducting a commercialisation review that’s expected to take eight months. The company said an initial shipment of ~300 kilograms of sample ore has been consigned to Professor He in China.

Also in last month’s update, the company advised it had completed a placement of 9.2 million shares priced at 25 cents, raising a total of $2.3 million. 

The purpose of this capital raising was to provide funds to progress the drill program at the Wyemandoo Rb-Li Project. 

This may be why the Aldoro share price has been on a rally of late.

Aldoro share price snapshot

In the last 12 months, this ASX lithium share has fallen by 51%, shedding 36% year to date.

By comparison, the S&P/ASX 200 Index (ASX: XJO) has dropped 7% in a year and 5.6% in 2022 so far.

Aldoro has a market capitalisation of $26.4 million at the time of writing. 

The post This ASX lithium explorer just had a new find, and its share price rocketed 20% appeared first on The Motley Fool Australia.

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More reading

• The Pilbara Minerals share price has powered 28% higher in a month. What’s been happening?
• ‘Exciting’ ASX 200 dividend share expected to deliver material returns: expert
• Why did the Vulcan Energy share price fire 5% higher today?
• ASX 200 energy shares mixed amid bearish oil price outlook
• Why the Charter Hall Long WALE REIT share price isn’t rocking the boat

Motley Fool contributor Raymond Jang 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 Pilbara Minerals Ltd (ASX: PLS) share price has been rocketing in the last weeks. Over the past month, it has risen by 27.66%.

It has delivered strong outperformance compared to the S&P/ASX 200 Index (ASX: XJO) which has only risen 5.27% over the same time period.

Of course, Pilbara Minerals isn’t the only business that may be viewed as an ‘ASX growth share’ which has seen a strong rise over the past month.

In the last month: the Xero Limited (ASX: XRO) share price has risen 14%, the Temple & Webster Group Ltd (ASX: TPW) share price has gone up 35% and the Altium Limited (ASX: ALU) share price has risen 10%.

Part of Pilbara Mineral’s rise may simply be down to the fact that other growth names have also been rising.

Perhaps investors thought that a number of growth names had been sold off too much?

Can strong lithium prices affect the Pilbara Minerals share price?

One of the most important things to remember about commodity businesses is that their revenue, cash flow and net profit after tax (NPAT) are all heavily affected by what the resource price is.

It costs a commodity business roughly the same to produce its resource, whether the commodity price is a bit higher or lower, aside from higher payments to the government when prices are stronger.

Last week, Pilbara Minerals said that it continues to benefit from strong lithium prices.

The ASX lithium share’s eighth Battery Material Exchange (BMX) auction was for a cargo of 5,000 dry metric tonnes (dmt) at a target grade of 5.5% lithia. The highest bid was US$6,350 per dmt, which on a pro rata basis for lithia content (including freight costs) equates to a price of around US$7,012 per dmt.

Pilbara Minerals said:

Strong continues to be received in both participation and bidding by a broad range of qualified buyers with a total of 67 bids received online during the 30-minute auction window.

What do analysts think?

The broker Macquarie has an outperform rating on the Pilbara Minerals share price, with a price target of $4. That implies a possible rise of 33%.

Macquarie thinks that more output from the company’s Ngungaju can help boost sales on the BMX and lead to pleasing cash flow in the coming years.

The broker thinks that profit is going to ramp up over the next couple of years. Its estimates put the Pilbara Minerals share price at 14 times FY22’s estimated earnings and under six times FY23’s estimated earnings.

Ord Minnett also thinks that Pilbara Minerals is a buy, with a price target of $3.50. That implies a possible rise of around 17%.

Pilbara Minerals share price snapshot

Pilbara Minerals shares have dropped by 6% since the beginning of the year, though it has risen around 50% since mid-June.

The post The Pilbara Minerals share price has powered 28% higher in a month. What’s been happening? appeared first on The Motley Fool Australia.

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More reading

• Could this development further energise ASX lithium shares in FY23?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Top brokers name 3 ASX shares to buy next week
• Why is the Pilbara Minerals share price having such a strong end to the week?
• Here are the 3 most heavily traded ASX 200 shares on Friday

JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Tristan Harrison has positions in Altium. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Altium, Temple & Webster Group Ltd, and Xero. The Motley Fool Australia has positions in and has recommended Xero. The Motley Fool Australia has recommended Macquarie Group Limited and Temple & Webster Group 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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S&P/ASX 200 Index (ASX: XJO) dividend shares are back in vogue as rising interest rates put the brake on the rapid share price growth investors enjoyed in recent years.

But if you’re on the hunt for dividends from your ASX portfolio you need to do more than simply look at what the companies paid out over the past year.

Investors need to gauge future earnings

Those quoted yields you see on company pages are trailing yields. In other words, backwards looking. And while some ASX 200 dividend shares that offered high yields in FY22 may do so again in FY23, others may not be able to do so.

While gauging future earnings inevitably comes with uncertainties about what the future holds, some research into potential revenue growth, including asset sales, can help investors avoid so-called dividend traps.

With that in mind, we look to one ASX 200 dividend share that Michael Maughan, head of the Tyndall Australian Share Income Fund, believes will deliver “material returns to shareholders” in the year ahead.

ASX 200 dividend share with assets to sell

Asked by Livewire which ASX 200 dividend shares he believes will continue to pay out sustainable yields in the future – from a list that included the big banks and iron ore giants – Maughan singled out Telstra Corporation Ltd (ASX: TLS).

“The banks are in a period where they do have a positive tailwind,” Maughan said. Adding that, “The more exciting part of that group is Telstra.”

According to Maughan:

It’s had a change in the short term to its core business and it’s returned to growth. The mobile business is growing and the headwinds from the NBN are behind it. And over the medium term, it’s probably one of the few companies we expect will have capital management and material returns to shareholders from asset sales.

Maughan pointed out that Telstra’s recent sale of its Towers business resulted in a billion dollar plus share buyback. And he thinks there’s more to come:

This is because Telstra has fixed infrastructure assets it’s looking to sell. If you go back to when they sold their Towers business, that was a return of over a billion dollars to shareholders. And the fixed assets are more than five times the size of that.

Following Telstra’s half year report in February, the board of the ASX 200 dividend share declared a fully franked interim dividend of 8 cents per share, with a 6 cent ordinary dividend and a 2 cent special dividend. This saw some $940 million returned to shareholders.

Telstra reports its full financial year results this Thursday, 11 August.

The post ‘Exciting’ ASX 200 dividend share expected to deliver material returns: expert appeared first on The Motley Fool Australia.

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• ‘Wouldn’t have been on my radar previously’: Why WAM likes Telstra shares right now
• Looking to buy Telstra shares? Here’s what to watch when the telco giant reports this week
• Own Telstra shares? Here’s what to expect from its FY22 results
• Road to retribution: Can the Telstra share price continue its upwards trajectory under a new CEO?
• Expert says Telstra is a blue chip ASX 200 share to buy

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 positions in and has recommended Telstra Corporation 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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It’s was another strong day for the Vulcan Energy Resources Ltd (ASX: VUL) share price, continuing to rebound from its recent lows.

Shareholders will be pleased that the clean lithium developer’s shares moved further away from its 52-week low of $4.76 reached in late June.

At market close on Tuesday, Vulcan Energy shares finished up 5.23% to $8.85 apiece – still some way off its year-to-date high of $11.18 on 4 January.

Let’s take a look at what is driving these recent gains.

Vulcan Energy shares stage a mini comeback. But can it last?

Investors are bidding up the Vulcan Energy share price as the sector recovers from the fallout induced by Goldman Sachs in June.

It appears that the market has shrugged off the bearish news and is focused ahead on Wall Street’s earnings season.

Interestingly, the major averages have rallied this month on the back of better-than-expected results.

This has driven the Dow Jones higher along with the ASX following closely behind.

For context, the S&P/ASX 200 Materials (ASX: XMJ) sector touched a daily high of 16,184 points, up 1% before slowly retracing today.

With Vulcan Energy shares accelerating, it’s worth pointing out that its relative strength index (RSI) is currently around 72.

The RSI is a momentum oscillator that is used to assess the strength or weakness of a share price. Normal levels range between 30 and 70, as anything outside reveals if the share price is attractive to buy, or expensive.

In this case, Vulcan Energy shares are showing signs of being overbought and a pullback may happen sometime soon.

Vulcan Energy hare price snapshot

Bearish sentiment mixed with volatility has led the Vulcan Energy share price to fall 35% over the last 12 months.

The company’s shares reached an all-time high of $16.65 in September 2021, before moving on a downward channel.

Whether it can regain these highs largely depends on the price of lithium as well as Vulcan Energy’s progression on its Zero Carbon Lithium Project.

Based on today’s price, the company commands a market capitalisation of around $1.27 billion.

The post Why did the Vulcan Energy share price fire 5% higher today? appeared first on The Motley Fool Australia.

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• Lithium alert: Broker says Vulcan share price could rise by 170%
• Charging up: Vulcan share price lifts 3% as cash balance surges
• Why Myer, South32, Vulcan, and Zip shares are racing higher
• Why is the Vulcan share price charging higher today?
• Why is the Vulcan Energy share price leaping 7% on Thursday?

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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The share prices of major energy companies inside the S&P/ASX 200 Index (ASX: XJO) were various shares of green and red on Tuesday. This followed the posting of a bearish outlook for the price of oil from one broker.

What happened?

According to Bloomberg, the indexes for WTI crude oil and Brent crude are down 0.65% and 0.61%, respectively. WTI crude sells for US$90.17 per barrel, and Brent crude sells for US$96.06 per barrel.

Today, The Australian reported on the analysis provided by Citi for the reduced demand for oil. Citi stated that the United States’ demand for oil is heading towards 20-year lows. This is amidst a lack of a US ‘driving season’ due to higher petrol prices, with more people choosing to stay home.

Furthermore, analysts at Citi said that a recession could lead to a further decline in the demand for commodities.

Let’s examine how Australia’s main energy companies reacted to this bearish outlook.

How did ASX 200 energy players hold up today?

Firstly, let’s take a look at the ASX 200 energy shares that managed to finish in the green. Substantial gains across the oil-exposed sector were sparse, with Viva Energy Group Ltd (ASX: VEA) being one of few to post a positive return of more than 3%.

Meanwhile, Woodside Energy Group Ltd (ASX: WDS) was one other big oil and gas name that conjured up a green day. The energy giant finished 0.47% higher, trading near the top end of its 52-week range. Shares in the company are now sitting at $31.90 apiece.

On the flip side, the valuation of Santos Ltd (ASX: STO) took a small hit with the share price contracting 0.28%.

The biggest loser today out of the three was Ampol Ltd (ASX: ALD), recording a loss of 0.96%.
Overall, the S&P/ASX 200 Energy index finished up in the green with a slight gain of 0.13%.

The post ASX 200 energy shares mixed amid bearish oil price outlook appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Tuesday
• 2 little-to-no-debt ASX 200 shares to buy in a downturn: fundie
• Leading brokers name 3 ASX shares to buy today
• Why is the Woodside share price having such a strong start to the week?
• 5 things to watch on the ASX 200 on Monday

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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The Charter Hall Long WALE REIT (ASX: CLW) share price climbed just one cent higher today despite the company releasing a sound set of financial results for FY22.

Shares in the real estate investment trust (REIT) closed at $4.39 apiece on Tuesday, 0.69% higher.

The Charter Hall Long WALE REIT invests in Australasian real estate assets predominantly leased to corporate and government tenants on long-term leases. 

Let’s take a look at the company’s latest results.

What did the company report? 

Here is a quick snapshot of the key financial highlights: 

• Operating earnings lifted by 4.5% on FY21, to $207 million
• Statutory profit of $911 million
• The portfolio of real estate assets grew from $5.6 billion to $7.1 billion
• A net $670 million appreciation in the value of assets (minus capital expenditure and amortised incentives)
• Balance sheet gearing at 29.9%, in line with the target range of 25% to 35%

Operating cash flows improved from $162 million to $187 million.

I believe operating cash flow is one of the key metrics in assessing the health or performance of the Charter Hall REIT. 

The statutory profit figure seems impressive but investors should be mindful it includes unrealised gains in the value of the underlying properties. 

The primary sources of revenue include rental income and proceeds from the sale of property assets. So, the performance of the Charter Hall REIT comes down to the quality of its property assets. 

As outlined in the latest financial report, the Charter Hall REIT is leased by the following top five major tenants. 

• Federal and State government (18%)
• Endeavour Group Limited (ASX: EDV) (18%)
• Telstra Corporation Limited (ASX: TLS) (13%)
• BHP Group Limited (ASX: BHP) (10%)
• Inghams Group Limited (ASX: ING) (5%)

Portfolio expansion 

The Charter Hall REIT ship added $1.5 billion of assets. Half of this was from its 50% stake in the ALE Property Group. 

This 50% interest was valued at $814 million, invested in partnership with Hostplus. The ALE Property Group portfolio comprises 78 pub properties, including 74 bottle shops in metropolitan locations and along the New South Wales east coast.

The pubs and bottle shops are leased to Endeavour Group. 

The other major acquisition was an industrial facility constructed in 2018. It’s located in Sydney’s industrial area of Wetherill Park. 

This facility is leased to Cleanaway and ResourceCo, which are distribution centres. 

Management likes what they see

Charter Hall REIT fund manager Avi Anger said: 

FY22 has seen CLW continue to grow in a measured way, enhancing portfolio quality and improving asset and tenant diversification. During the year we successfully completed the acquisition of the ALE Property Group in partnership with Hostplus. We also completed three high-quality Industrial & Logistics acquisitions, two of which were secured off-market.

In such uncertain and challenging macroeconomic conditions, building a resilient and diversified investment portfolio is important. 

Further, Anger advised, “Looking forward, 49% of CLW’s leases are inflation-linked, providing a significant opportunity for strong rental growth in the year ahead.” This provides an inflation hedge. 

Future outlook

The company is guiding operating earnings per share (EPS) of 28 cents and a distribution per security of 28 cents. 

On the basis of today’s closing share price, this equates to a 6.9% distribution yield. 

Charter Hall Long WALE REIT share price snapshot

The Charter Hall Long WALE REIT share price has fallen 14% across the last 12 months. In the same period, the S&P/ASX 200 Index (ASX: XJO) fell by 7%. 

The company has a current market capitalisation of $3.17 billion. 

Landlords faced a torrid time during the pandemic but the outlook is much better now. People are travelling again and, importantly for this business, going out to pubs. 

Such a shift in behaviour bodes well for the pubs and liquor stores the company acquired this financial year. 

Industrial property assets continue to prosper on the back of the rise in e-commerce. However, commercial offices could face structural headwinds due to the rise in demand for remote work arrangements. 

Overall, I think the Charter Hall REIT provides a diversified portfolio of real estate estates that could surprise over the long term. 

The post <strong>Why the Charter Hall Long WALE REIT share price isn’t rocking the boat</strong> appeared first on The Motley Fool Australia.

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Motley Fool contributor Raymond Jang 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 positions in and has recommended Telstra Corporation 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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The Newcrest Mining Ltd (ASX: NCM) share price was rangebound today and finished trading less than 1% in the green at $19.68.

Newcrest shares have curled up from 52-week lows on 27 July. They have begun to set new high points since, as seen in the chart below.

Is Newcrest a buy right now?

Those investors doing some bottom fishing in the market would have no doubt stumbled across Newcrest in their searches.

It has been punished in 2022 whilst other commodity giants – particularly in energy – have roared to multi-year highs.

However, Newcrest is a gold story, make no mistake about it. And with gold’s pressures of late, the ASX miner’s share price has followed suit.

If we extend the chart analysis out a bit further to August 2020, we can see the relationship between both on full display, with some variance in the distribution at various points.

Hence, to understand Newcrest’s share price we must therefore have an understanding of the gold price as well.

Gold prices spiked to a 1-month high on Monday, following a pullback in the US dollar and US Treasury yields. The yellow metal now trades at US$1,786 per troy ounce.

Investors are looking to upcoming US inflation data as a signal of where to position in the gold markets, Reuters reports.

“Any surprise softening in the U.S. inflation number could well be the catalyst for a tremendous surge in the gold price,” said Clifford Bennett of ACY Securities, cited by Reuters.

On last check, using the federal funds futures market, investors have priced an approximate 65% chance of another 75 basis point rate hike at the US Federal Reserve’s September meeting.

Hence, the question becomes if Newcrest presents compelling value, or if we’d be left “catching the falling knife” as the saying goes.

Meanwhile, brokers don’t appear to think there’s any knife in free fall in the first place. In fact, since July, there’s even been 1 broker rotate from a sell to a strong buy on Newcrest.

Now 8 out of 17 analysts covering the share reckon it’s a buy right now, up from 7 a month ago, according to Refinitiv Eikon data. The remaining coverage says Newcrest is a hold.

The consensus price target from this list is $25.58, suggesting around 30% return potential if the brokers have it correct.

Newcrest shares are down 22% in the red these past 12 months.

The post Down 20% so far in 2022, is the Newcrest share price a bargain buy or a falling knife? appeared first on The Motley Fool Australia.

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Motley Fool contributor Zach Bristow 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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