Shares in Barton Gold Holdings Ltd (ASX: BGD) have been pretty much steady over the past year, but according to the team at Canaccord Genuity, that could be about to change.

Big things in store for this ASX gold company

CG has initiated coverage on Barton Gold with a speculative buy rating and a bullish price target, which I’ll get to shortly.

First, let’s look at why they like the company.

The CG team said Barton had done a good job of building a large gold development portfolio in South Australia “through a combination of opportunistic asset acquisitions, infrastructure ownership deals and disciplined capital management”.

They added:

The company has consolidated a 2.2Moz Au and 3.1Moz Ag resource base across four projects, acquired strategic assets including the Wudinna Gold Project and the region’s only gold processing facility, the Central Gawler Mill (CGM), and generated more than A$13m of non-dilutive cash through asset monetisation initiatives. In our view, few junior developers have built a comparable regional platform while maintaining such a measured approach to shareholder dilution. BGD’s portfolio is underpinned by two core development assets: Tunkillia and Challenger.

The broker believes the company’s value driver is the Tunkillia project, where Barton has delineated to date 1.6 million ounces of gold and 3.1 million ounces of silver.

A scoping study released in May 2025 envisaged an eight-year mining plan with a capital cost of $452 million; however, recently completed resource drilling is expected to support further improvements, CG said.

The broker added:

We view Tunkillia as one of the more compelling undeveloped gold projects in Australia given its scale, production profile, meaningful silver credits and overall similarity to Capricorn Metals Ltd’s (ASX: CMM) Karlawinda gold mine.

CG said Barton’s stage one strategy involved restarting the Challenger gold mine and the associated Central Gawler Mill (CGM), “creating a potential pathway to near-term producer status and an internal source of cash flow to assist Tunkillia’s development”.

They added:

Challenger hosts 313koz Au across tailings, open pit and underground resources, while the fully permitted 600ktpa CGM produced ~1.2Moz historically and is estimated to require only ~A$26m of refurbishment capital. A definitive feasibility study is underway evaluating an initial 3-4 year operation based largely on tailings retreatment and near-surface feed, preserving the larger underground opportunity for future development.

Beyond Tunkillia and Challenger, Barton holds additional regional growth prospects, CG said, including the Perseverance Mine and the Tolmer silver-gold discovery.

Shares looking cheap

CG has a price target of $2.05 for Barton Gold shares, compared to the current $1.02.

The post This ASX gold developer could jump more than 100%: Broker appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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.

S&P/ASX 200 Index (ASX: XJO) shares are down 0.6% to 8,701 points on Tuesday.

Among the 11 market sectors, technology is in the lead today, up 2.3%, while materials is the laggard, down 2.1%.

Let’s check out some new expert ratings for this week (courtesy The Bull).  

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is $8.59, up 0.5% today and down 20% over the past month.

James Bills from Shaw and Partners has a buy rating on this ASX 200 financial share. 

Bills said: 

Magellan offers investors exposure to a respected global funds management business that appears attractively valued following several challenging years. The company continues to generate strong cash flow and maintain a robust balance sheet.

The business also offers an appealing dividend yield – recently above 7 per cent – supported by surplus capital.

Improving sentiment and stabilising operating conditions provide potential for a re-rating, making Magellan an attractive opportunity for income and capital growth investors.

Iluka Resources Ltd (ASX: ILU)

The Iluka Resources share price is $6.03, down 0.8% on Tuesday and down 16% over the past month.

Joshua Baker from RaaS Group has a hold rating on this ASX 200 mining share. 

Baker said: 

This mineral sands producer is diversifying into rare earths via its Eneabba refinery, which is 60 per cent complete. The company recently reported the refinery is progressing on schedule and on budget. An inaugural off-take agreement has been executed.

Mineral sands revenue of $433 million in the first half of 2026 was down 22 per cent on the prior corresponding period.

If the Eneabba project continues without any major cost blowouts or delays amid mineral sands prices continuing to recover, ILU may be a buy next year.

PLS Group Ltd (ASX: PLS)

The PLS Group share price is $4.37, down 0.9% today and down 14% over the past month.

Toby Grimm from Baker Young has a sell rating on this ASX 200 lithium share. 

Grimm said: 

This lithium producer generated group revenue of $1.934 billion in full year 2026, up 152 per cent on the prior corresponding period. It was driven by a 121 per cent increase in the average realised price and record sales volumes.

However, in our view, considerable optimism is already priced into the stock. Further details, including the benefits and risks, of potentially expanding the Pilgangoora operations are expected to be released in the December quarter.

After a strong share price run in the past year, we would consider cashing in some gains at these levels.

The post Buy, hold, sell: Magellan, Iluka Resources, PLS Group shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has positions in Magellan Financial Group. 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.

NextDC Ltd (ASX: NXT) shares are sliding today.

Shares in the S&P/ASX 200 Index (ASX: XJO) data centre operator and developer closed yesterday trading for $11.71. In morning trade on Tuesday, shares are changing hands for $11.51 apiece, down 1.7%.

For some context, the ASX 200 is down 0.5% at this same time.

Taking a step back, the ASX tech stock has also trailed the benchmark index over the last full year, falling 32.2% compared to the 1.7% one-year decline posted by the ASX 200.

Looking ahead, however, Shaw and Partners’ James Bills believes that NextDC shares are well positioned for “attractive” long-term growth (courtesy of The Bull).

Here’s why.

Should I buy NextDC shares today?

Citing the first reason he’s bullish on the ASX 200 tech stock, Bills said, “The company continues to benefit from strong demand for data centre infrastructure, driven by cloud computing, artificial intelligence and increasing digitalisation across the economy.”

Then there’s the company’s fast-growing capacity.

“NXT is expanding capacity across key Australian markets and maintains a strong development pipeline to support future growth,” Bills said.

And summarising the third reason he issued a buy recommendation on NextDC shares, Bills concluded:

While investment spending remains elevated, management continues to secure long-term customer contracts that provide earnings visibility. With structural growth tailwinds expected to persist for many years, NXT remains well positioned to deliver attractive long-term shareholder returns.

What’s the latest from the ASX 200 tech stock?

NextDC reported its full-year FY 2026 results after market close on 27 August.

Highlights included a 16% year-on-year increase in revenue to $496.5 million.

And, as Bills mentioned above, investment spending indeed remains elevated. In FY 2026, NextDC reported all-time high capital expenditure of $3.397 billion.

On the bottom line, the company achieved a statutory net profit after tax (NPAT) of $82.1 million, up from a $60.5 million net loss the prior year.

Looking at what could impact NextDC shares in FY 2027 ahead, the company forecasts net revenue between $615 million and $640 million. On the higher end, that would represent growth of 29% from FY 2026 revenue.

Commenting on the company’s performance, NextDC CEO Craig Scroggie said:

FY26 was the largest contracting year in NEXTDC’s history. Contracted utilisation tripled to 740.1MW on a pro forma basis, and we exceeded guidance on both net revenue and Underlying EBITDA.

Our Forward Order Book of 565MW is now more than 3.2 times our billing utilisation, and our focus is on delivering that capacity and converting it into revenue and cash inflow.

NextDC shares closed up 2.1% on the first trading day following the results release.

The post Down 32%: 3 reasons to buy the BIG dip in NextDC shares today 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.