The AMP Ltd (ASX: AMP) share price is falling on Friday. The dip comes as the company’s approximately $8 billion wholesale office fund faces a poaching attempt.

Mirvac Group (ASX: MGR) is aiming to fight for control of the AMP Capital Whole Sale Office Fund (AWOF) ahead of the potential takeover of Collimate Capital.

At the time of writing, the AMP share price is $1.06, 2.76% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is also struggling today, slipping 1.6%.

Let’s take a closer look at today’s reports of the embattled financial services company.

Is AMP facing another battle for AWOL?

The AMP share price is in the red on Thursday. The dip comes amid Mirvac throwing a potential complication at what reportedly could be a $300 million takeover.

An AMP spokesperson confirmed that Mirvac has proposed it take control of the fund.

Mirvac has asked the fund’s trustee to engage with its proposal and allow it to conduct due diligence, reports The Australian.

The fund’s trustee has asked the AWOF independent commission to consider Mirvac’s request.

Mirvac was among the contenders for the management of AWOF when the fund’s management was questioned last year. AMP Capital’s private markets business – since renamed Collimate Capital – ultimately kept its grasp on AWOL in November.

Until recently, AMP intended to simply demerge its private markets business. However, that plan has been flipped on its head, with the financial services company now in discussions to sell it.

It announced it’s in talks with multiple parties interested in purchasing Collimate Capital, including Dexus Property Group (ASX: DXS), on Tuesday. The AMP share price rose 0.94% in response to the news.

Mirvac’s proposed management of AWOL reportedly has the backing of major super funds and some AWOL investors. Though Dexus is said to be preferred by many investors.

The super funds are reportedly discontent with the fund’s current management and the shifting future of Collimate Capital.

The Motley Fool Australia reached out to Mirvac for comment but didn’t receive a response in time for publication.

AMP share price snapshot

AMP is recovering from a disastrous 2021 wherein its share price fell 35%.

The company’s stock has gained 5% year to date. Though, it’s still 6% lower than it was this time last year.

The post AMP share price sinks amid asset sale complications  appeared first on The Motley Fool Australia.

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• Why is the AMP share price having such a top run on Thursday?
• How the federal election will impact ASX shares: top economist
• ASX 200 midday update: AMP asset sale talks, Syrah rockets
• AMP share price on watch amid Collimate Capital sale talks with Dexus and ‘multiple’ parties
• Own AMP shares? Here’s the latest on the company’s planned demerger

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 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 Bruce Jackson.

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The BHP Group Ltd (ASX: BHP) share price is down 4% in early trading on Friday. What’s causing the decline?

Could it be the latest reaction to production numbers?

Earlier this week, BHP revealed its quarterly update to investors for the three months to 31 March 2022.

Quarter on quarter, its iron ore production was down 10% because of temporary labour constraints due to COVID-19, train driver shortages and planned maintenance activities. Nickel production was down 13% quarter on quarter because of labour constraints. Energy coal production was down 13% because of wet weather and COVID-19 absenteeism.

BHP reduced its full year copper production guidance and full year nickel production guidance.

ASX 200 drops

But it’s not just the BHP share price which is down. The S&P/ASX 200 Index (ASX: XJO) is down 1.6% at the time of writing.

The US Federal Reserve Chair Jerome Powell commented overnight on the need to reduce inflation. While on an International Monetary Fund panel, Mr Powell said:

It is appropriate in my view to be moving a little more quickly. I also think there is something to be said for front-end loading any accommodation one thinks is appropriate…I would say 50 basis points will be on the table for the May meeting.

Our goal is to use our tools to get demand and supply back in synch, so that inflation moves down and does so without a slowdown that amounts to a recession. I don’t think you’ll hear anyone at the Fed say that that’s going to be straightforward or easy. It’s going to be very challenging. We’re going to do our best to accomplish that.

It’s absolutely essential to restore price stability.

Changing interest rates, and the expected rate of those changes can have an impact on asset prices. Warren Buffett once described interest rates as gravity on asset prices – the higher the interest rate, the stronger the downward pull on asset prices.

The BHP share price isn’t the only one that is hurting. The Commonwealth Bank of Australia (ASX: CBA) share price is down 2% and the Fortescue Metals Group Limited (ASX: FMG) share price is down 2% as well. Larger businesses have a bigger impact on the ASX 200 than the smaller ones.

The post Is this why the BHP share price is down 4% today? appeared first on The Motley Fool Australia.

More reading

• Dividend beasts: 5 ASX 200 shares with the highest dividend yield right now
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why Australian Ethical, BHP, Endeavour, and Megaport shares are tumbling today
• Here’s why the BHP share price is tumbling lower today
• ASX 200 midday update: BHP, Megaport, and Zip release Q3 updates

Motley Fool contributor Tristan Harrison owns Fortescue Metals Group 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 Bruce Jackson.

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The Vanguard MSCI Index International Shares ETF (ASX: VGS) price has fallen in 2022. What has happened to the global share market for this to occur?

For readers that don’t know, the VGS exchange-traded fund (ETF) seeks to give investors exposure to many of the world’s largest companies listed in major developed countries. It’s a globally-focused investment.

Since the beginning of 2022, the VGS ETF price has fallen by more than 11%.

Overnight, the NASDAQ-100 (NASDAQ: NDX) fell by 2%.

What’s going on with the global share market?

Interest rates are expected to increase, potentially in a big way, in 2022. Interest rates could keep rising beyond 2022.

Overnight, the US Federal Reserve boss Jerome Powell indicated the US interest rate could increase by 50 basis points next month alone. That would be an increase of 0.50%.

At an International Monetary Fund panel, Powell said, according to CNBC:

It is appropriate in my view to be moving a little more quickly. I also think there is something to be said for front-end loading any accommodation one thinks is appropriate… I would say 50 basis points will be on the table for the May meeting.

Traders also reportedly have priced in another 50 basis point hike in 2022, according to CNBC.

Powell also said:

It may be that the actual [inflation] peak was in March, but we don’t know that, so we’re not going to count on it.

We’re really going to be raising rates and getting expeditiously to levels that are more neutral and then that are actually tight … if that turns out to be appropriate once we get there.

The US Federal Reserve could also soon start reducing the number of bonds that it is holding, according to reporting.

Why would this affect the VGS ETF?

ETFs are investment vehicles that simply track the returns of their underlying holdings.

The Vanguard MSCI Index International Shares ETF owns around 1,500 positions. Some of the biggest holdings include Apple Inc (NASDAQ: AAPL), Microsoft Corporation (NASDAQ: MSFT), Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Amazon.com Inc (NASDAQ: AMZN), Tesla Inc (NASDAQ: TSLA), Nvidia Corporation (NASDAQ: NVDA), Meta Platforms Inc (NASDAQ: FB), Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B), UnitedHealth (NYSE: UNH), and Johnson & Johnson (NYSE: JNJ). Plenty of its holdings have seen declines in 2022.

Why would changing interest rates affect asset prices? Warren Buffett once described interest rates as gravity on asset prices – the higher the interest rate, the stronger the ‘gravity’ can pull down on the asset price.

Ray Dalio, the founder of Bridgewater Associates, once said about interest rates: “It all comes down to interest rates. As an investor, all you’re doing is putting up a lump sum payment for a future cash flow.”

It’s still up over the long-term

While the VGS ETF is seeing declines in 2022, it has gone up more than 50% over the last five years.

Time will tell what happens next with the Vanguard MSCI Index International Shares ETF (and the global share market) amid all of this volatility.

It has an annual management fee of 0.18% per annum.

It continues to be a popular ETF, with $4.6 billion in net assets.

The post What’s impacting the Vanguard MSCI Index International Shares ETF price in 2022? appeared first on The Motley Fool Australia.

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• Is the Vanguard International Shares ETF just a big bet on the FANG stocks?
• How did the Vanguard MSCI Index International Shares ETF fare in March?
• Does the Vanguard MSCI Index International Shares ETF (ASX:VGS) pay dividends?
• Here are 2 top ETFs for ASX investors next week

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. 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. owns and has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Berkshire Hathaway (B shares), Meta Platforms, Inc., Microsoft, Nvidia, Tesla, and Vanguard MSCI Index International Shares ETF. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Johnson & Johnson and has recommended the following options: long January 2023 $200 calls on Berkshire Hathaway (B shares), long March 2023 $120 calls on Apple, short January 2023 $200 puts on Berkshire Hathaway (B shares), short January 2023 $265 calls on Berkshire Hathaway (B shares), and short March 2023 $130 calls on Apple. The Motley Fool Australia has recommended Alphabet (A shares), Alphabet (C shares), Amazon, Apple, Berkshire Hathaway (B shares), Meta Platforms, Inc., Nvidia, and Vanguard MSCI Index International Shares ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Netflix (NASDAQ: NFLX) reported first-quarter results on Tuesday. The company shed subscribers for the first time in years. The streaming pioneer was a massive winner during the initial stages of the pandemic when billions of people were spending nearly all their time at home. 

Now that demand for in-home entertainment is normalizing with economies reopening, Netflix looks to existing viewers to boost subscriber growth. Management estimates nearly 100 million people watch Netflix on shared accounts, and they should be paying for the service instead. 

Netflix has more customers than its subscriber totals indicate

As of March 31, Netflix boasted 221.6 million paying subscribers. That was down by 200,000 from the previous quarter, but still higher by 14 million from the same quarter a year ago. Interestingly, Netflix claims there are approximately 100 million people who are gaining access to Netflix through account-sharing. The company believes there is a massive opportunity to boost revenue growth by monetizing those users.

Co-Founder and CEO Reed Hastings touched on the matter in the company’s conference call following the first-quarter earnings release:

So on the 2 parts, we’re working on how to monetize sharing. We’ve been thinking about that for a couple of years. But when we were growing fast, it wasn’t the high priority to work on. And now, we’re working super hard on it. And remember, these are over 100 million households that already are choosing to view Netflix. They love the service. We just got to get paid at some degree for them.

There are several tools at Netflix’s disposal to address account sharing. It’s a matter of how strictly the company wants to control unwanted sharing. For instance, it could implement a policy that requires users to register accounts on a restricted number of devices. That would work to limit sharing because the household paying for the service will be less likely to share the log-in information if it restricts their own usage. 

Another method the company is currently testing in select countries is to get households to pay a small premium for sharing their account with family members living outside of the home. That policy may not increase subscriber growth, but it will boost average revenue per subscriber as existing members pay more for the privilege of sharing Netflix access with others. Nevertheless, it works toward Netflix’s goal of monetizing users already watching its content. 

NFLX Revenue (Quarterly) data by YCharts

Netflix reported revenue of $7.9 billion in the quarter, which ended on March 31. That was 9.6% higher than the same quarter last year, and for the first time in a long while, it grew revenue by less than a double-digit percentage. Revenue fuels the flywheel for Netflix. It can spend the money that comes in on content, which could attract and retain existing customers, which boost revenue further, and so on. For that reason, monetizing shared accounts has become a top priority for management in the near term.

The opportunity is genuinely massive

If Netflix can generate a modest extra monthly payment of $3 per user from the estimated 100 million non-paying viewers, that would generate $3.6 billion per year in annualized revenue. To put that figure into context, Netflix earned $29.7 billion in revenue in the fiscal year 2021. Keep in mind that Netflix’s current average revenue per user is above $8 in all of its geographic regions, so a $3 per user increase is a conservative target.

NFLX data by YCharts

It’s unclear whether achieving this goal will work to assuage investors who are concerned with Netflix’s slowing subscriber growth amid rising competition. Regardless of investor response, the company can use the additional funds to boost its content slate and increase its competitive advantage. It’s undoubtedly something long-term investors interested in Netflix should pay close attention to over the next several quarters. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Netflix looks to 100 million existing viewers to boost revenue appeared first on The Motley Fool Australia.

More reading

• Why Netflix stock flopped again today
• Is Netflix Stock a buy after its spectacular fall from grace?
• Why Netflix stock crashed and burned Wednesday
• Here’s why the Netflix share price is plunging 25% in after-hours trading
• Netflix investors could be in for a shocker this week

Parkev Tatevosian owns Netflix. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Netflix. The Motley Fool Australia has recommended Netflix. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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Shares in OZ Minerals Ltd (ASX: OZL) have stumbled at the open on Friday and are now trading 5.23% down at $24.84 apiece.

Investors are selling off OZ Minerals shares following the company’s release of its quarterly update on operations for the three months ending 31 March 2022.

Copper, gold production slides for OZ Minerals

OZ Minerals printed a decrease in total copper and gold production of 6% and 16%, respectively, from its unaudited financial statements.

Meanwhile, the company’s all-in sustaining cost (AISC) on that production increased from US$1.596 per pound to US$1.744 per pound from Q4 2021 to Q1 2022, while cash costs also widened 30% to US$1.1181/pound.

Nonetheless, copper and gold prices have been buoyant these last 12 months, with the bronze metal up 8% in that time while its yellow cousin has spiked more than 9%.

Management commentary

Speaking on the results, OZ Minerals managing director and CEO Andrew Cole said that strong market pricing continued “to support robust operating cash flow during a period of reinvestment back into the business”. He added:

Our financial position remains strong with $210 million cash balance at the end of the quarter and significant liquidity available.

The market outlook remains strong for renewable minerals like copper and nickel, with copper being a commodity with strong fundamentals underpinning economic growth and human development.

Our focus for 2022 remains on safely delivering our operational targets, advancing our current growth projects and adding new growth options to the portfolio while we continue to strengthen and enable our unique company culture where people want to work with us to do the best work of their lives.

What’s next for OZ Minerals?

The company is projecting FY22 guidance of 127,000–149,000 tonnes of copper and 208–230 thousand tonnes of gold.

It also expects AISC to reign in to US$1.35–$1.55 per pound, with C1 cash costs also tipped to narrow sharply by 19–27% by the end of FY22.

“Despite the slower start to the year, group production and costs guidance remain on track for 2022 with a stronger operational performance expected over the balance of the year as COVID diminishes in the community,” Cole said.

The OZ Minerals share price has climbed 3% in the last 12 months but is down more than 11% this year to date.

The post Here’s why the OZ Minerals share price is sliding 5% today appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX mining companies by market cap

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 Bruce Jackson.

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Shares in Treasury Wine Estates Ltd (ASX: TWE) have traded sideways these past two months after taking a large hit back in January.

Scaling back, and that appears to have been the trend for Treasury Wine Estates over the past 12 months. Market pundits continue to evaluate the fallout from a number of macroeconomic and structural challenges that’s ultimately sliced the company’s earnings palate to pieces.

Can Treasury Wine Estates share price recover?

The company is still recovering from systemic challenges it faced in 2020 when the Chinese government put an end to its biggest export channel.

Back then, it imposed heavy tariffs on Australian wine entering China, and there’s still a lot of uncertainty upon future sales into the country.

Net profit after tax (NPAT) came down from a high of $408 million in 2019 to $245 million in 2020 and $250 million the year after – a 39% dip overall.

Analysts at JP Morgan are in line with Treasury Wine’s share price movement lately – neutral. The broker reckons it’s a pivotal time in Treasury Wine’s history, with the fallout from China’s trade policy still taking effect.

“There remains a risk to ANZ margins in commercial, and the broader impact across the price hierarchy, from a reallocation from China of commercial wine, yet the reallocation of the Penfolds bin and Icon range is the key EBITS contributor,” analysts wrote in a recent note.

“The limited access to the large and high growth China market has moderated P/E multiple expansion, yet this headwind is moderated due to business balance.”

JP Morgan is neutral on the company with a $12 valuation, a step behind Citi, which values it at $13.78 per share.

Citi says that while Treasury Wines sales volumes have been down in the United States lately, the company has realised a 3% increase in average prices at the same time.

That’s in-line with the company’s strategy to focus on selling luxury and/or premium brands ahead of lower-cost substitutes.

Citi says to buy the stock, alongside 10 other brokers as per Bloomberg data. Meantime, 7 analysts reckon it’s a hold, whilst Barrenjoey Markets singularly urges its clients to sell on a $10 price target.

Trading at $11.16 at the time of writing, the Treasury Wine Estates share price is still up almost 10% over the past 12 months.

The post Can the Treasury Wine share price recover from its post-China hangover? appeared first on The Motley Fool Australia.

More reading

• 2 ASX shares ripe to buy at current prices: expert
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• Leading brokers name 3 ASX shares to buy today
• Can the Treasury Wine share price have a better month in April?
• 3 more of the ‘best’ ASX 200 shares to buy this month: Morgans

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 recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What happened

One day after experiencing one of the worst trading sessions in its history, Netflix (NASDAQ: NFLX) stock took another fall on Thursday.

At least this one wasn’t as bad; the streaming video bellwether’s shares closed “only” 3.5% lower. Some of this can be attributed to lingering pessimism following the company’s ugly first-quarter results, but it was also due to a top investor bailing on the stock, and a raft of analyst price-target cuts and downgrades.

So what

Like the ending of a mediocre film, we could have guessed the reaction of many analysts to Netflix’s first-quarter earnings report (in which it shockingly revealed a 200,000-count loss in streaming clients, with far more departures anticipated to come). The price target cuts and recommendation downgrades came thick and fast, even from longtime bulls.

As of late Thursday afternoon, among the platoon of recommendation choppers were JPMorgan Chase, Stifel, Oppenheimer, and Edward Jones. The Netflix analysts at all these companies changed their views on the stock to the equivalent of neutral from their former buy.

There were outliers, but they were very far and precious few between. One was Needham’s Laura Martin, who went in the opposite direction. She lifted her recommendation on the fallen streaming king to hold (neutral) from the preceding underperform (sell).

Martin thinks a new company strategy could be one fix for what ails it. In a research note, she pointed out that “for the first time, the CEO stated [Netflix] will introduce a low-priced [advertising-supported] tier over the next 18-36 months.”

Now what

The occasional positive adjustment isn’t keeping people from selling out of the stock. One prominent seller was Pershing Square‘s Bill Ackman. On Thursday, it was reported that the high-profile hedge fund manager completely vacated his stake in Netflix, booking a queasy $400 million or so loss as he did so. According to media reports, Ackman had purchased around 3.1 million shares earlier this year. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Why Netflix stock flopped again today appeared first on The Motley Fool Australia.

More reading

• Is Netflix Stock a buy after its spectacular fall from grace?
• Why Netflix stock crashed and burned Wednesday
• Here’s why the Netflix share price is plunging 25% in after-hours trading
• Netflix investors could be in for a shocker this week
• Why Netflix could be a buy in the coming weeks

Eric Volkman has no position in any of the stocks mentioned. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Netflix. The Motley Fool Australia has recommended Netflix. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Bank of Queensland Limited (ASX: BOQ) share price is having a tough month.

Since the start of April, the regional bank’s shares have fallen 8% to $7.96.

Why is the Bank of Queensland share price down 8% this month?

Investors have been selling down the Bank of Queensland share price in response to the bank’s half year results.

While the bank reported stronger earnings than the market was expecting, this was driven largely by lower bad debts and thus the quality of its earnings were not as great as they first appeared.

Nevertheless, the team at Citi remain positive on the company and continue to see significant value in the Bank of Queensland share price.

According to a note, the broker has put a buy rating and $10.25 price target on its shares. This implies potential upside of 29% for investors over the next 12 months.

In addition, Citi is forecasting a fully franked 49 cents per share dividend in FY 2022 and 56 cents per share dividend in FY 2023. This equates to yields of 6.1% and 7%, respectively, which stretches the total potential return to over 35%.

What did the broker say?

Citi doesn’t believe the selloff of the Bank of Queensland share price post-results was justified. It commented:

“Was a ~6% share price sell-off justified for BOQ on 14th Apr after it delivered an inline 1H22 pre-provision profit result, with a ~9% beat at the cash earnings line?

This result was compositionally weaker than expected, but we think investors are more concerned about 1) BOQ’s revenue growth compared to peers in a higher cash rate environment; 2) Cost base trajectory following the ME acquisition; and 3) the capital intensity of the business resulting in the need to use discounted DRPs to fund near-term growth.

Despite our expectations for weaker than peer revenue growth as rates rise, we are maintaining a Buy recommendation for BOQ. The current P/BV of just 0.80x and dividend yield of >6% are too low for a bank that delivers ~9.0% cash ROE, which is in-line with its cost of equity, as well as being forecast to deliver a single-digit earnings and dividend growth profile.”

The post Broker says selloff of Bank of Queensland shares was unjustified appeared first on The Motley Fool Australia.

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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 Bruce Jackson.

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The Mineral Resources Limited (ASX: MIN) share price is on the slide on Friday morning.

At the time of writing, the mining and mining services company’s shares are down 3.5% to $60.00

Why is the Mineral Resources share price dropping?

Investors have been selling down the Mineral Resources share price after broad market weakness offset the release of the company’s strong third quarter operational update.

According to the release, the company’s Mining Services achieved production volumes of 63.4Mt for the three months. This was 16% higher than the prior corresponding period and means that it remains on target to meet its FY 2022 production guidance of 275Mt to 290Mt.

Also on track to achieve guidance are its iron ore shipments. During the quarter, Mineral Resources reported a 22% increase in iron ore shipments to 4.7M wet metric tonnes (wmt).

Management also expects to deliver on its iron costs guidance of A$96 to A$104 per wmt for the Yilgarn Hub and A$80 to A$88 per wmt for the Utah Point Hub.

This compares to the average realised iron ore price for the quarter of US$101.31 per dry metric tonne (dmt), which was 60% higher quarter on quarter and represents a realisation of 72% against the Platts 62% Iron Ore Index.

What about lithium?

Mineral Resources’ Mt Marion Lithium Project produced 104k dmt and shipped 94k dmt of spodumene concentrate during the quarter.

This means that Mt Marion remains on target to meet its FY 2022 guidance of 450kt to 475kt with costs of A$570 to A$615 per dmt (CFR ex-royalties). And with Mt Marion averaging a realised spodumene concentrate price of US$1,952 per dmt, which was up 69% quarter on quarter, the operation is generating significant free cash flow at present.

Over at Wodgina, the company shipped 22k dmt of spodumene concentrate from existing stockpiles at an average price of US$2,200 per dmt. The first new spodumene concentrate from the Wodgina Train 1 is expected in May, with production from Train 2 expected in July.

Despite this decline, the Mineral Resources share price is still up just 23% since this time last month.

The post Mineral Resources share price sinks despite strong Q3 update appeared first on The Motley Fool Australia.

More reading

• Here’s why brokers love these ASX 200 mining shares
• Why is it such a mixed day of trade for ASX lithium stocks?
• What are the 10 biggest ASX shares in the lithium space
• Which ASX lithium shares does Macquarie tip to outperform?
• Here are the top 10 ASX mining companies by market cap

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 Bruce Jackson.

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When it comes to dividend income, there’s nothing quite like getting a good yield. That’s why we’re taking a look at the ASX 200 shares that are offering the highest dividend yield right now.

These companies could be considered ‘dividend beasts’ – offering an attractive income stream of more than 5% yield. So, if you’re searching for some high-yielding stocks, these five companies are serving up the largest dividends in the entire S&P/ASX 200 Index (ASX: XJO).

5 ASX 200 shares with juicy dividend yields

Before we get started, keep in mind that a high dividend yield can result from a falling share price. Under these circumstances, it is not uncommon for companies to lower their future payouts. In the investing world, this is known as a dividend trap.

BHP Group Ltd (ASX: BHP)

Skyrocketing commodity prices have turned many ASX 200 mining shares into cash factories over the past 12 months. One of those companies is the world’s mining mammoth, BHP Group.

Pumping out more than US$15.7 billion in net earnings during the last full year period, management raised the bar for dividends. Having produced US$3.50 in dividends per share (DPS) in a trailing 12-month period, BHP is showcasing a 9% dividend yield.

Investors opted to sell BHP shares down today after its third-quarter update failed to impress analysts.

Platinum Asset Management Ltd (ASX: PTM)

The next ASX 200 share dishing out a downright shockingly high dividend yield is Platinum Asset Management. However, this asset management company’s high yield appears to be at the hand of a poorly performing share price.

To the dismay of shareholders, Platinum shares have fallen 60% in a one-year timeframe. During this time, the fund manager has witnessed significant outflows, putting pressure on the company’s revenue and earnings.

Based on the current share price, this dividend-paying share is fetching a yield of 11.7%.

Rio Tinto Limited (ASX: RIO)

Rio Tinto has managed to hold onto the podium in its descent from the second spot in our previous ‘dividend beasts’ standings earlier in the year.

This ASX 200 mining share has been showered in increased earnings amid surging iron ore prices. In addition, the company’s share price has bounced back over the past few months, resulting in a reduced dividend yield.

Nonetheless, Rio Tinto is carrying an impressive 12.2% yield, exceeding the industry average of 7.7%.

Fortescue Metals Group Limited (ASX: FMG)

Next on our list of ASX 200 shares that boast the highest dividend yield is yet another mining giant. Interestingly, Fortescue Metals Group took out the top spot back in January. However, the company has since provided a reduced interim dividend compared to the prior year.

Accounting for the change, dividends for the trailing 12-month period now stand at $2.97 per share. This works out to be equivalent to a yield of 13.8%. There’s little doubt that shareholders will be upset about such an egregiously large yield.

Magellan Financial Group Ltd (ASX: MFG)

Finally, the king of the dividend hill takes its rightful spot. Formerly finding third place on our dividend beasts list, this ASX 200 share has boosted its yield even further since it was last covered.

Magellan Financial Group is now parading a dividend yield of 14.1%. Though, there are a couple of things to note on this payout. Firstly, the Magellan share price has fallen roughly 13% since we last covered it. Furthermore, the fund manager raised its interim dividend by 13%, despite its payout ratio exceeding 100%.

For now, Magellan reins over all other ASX 200 shares as the company with the highest dividend yield.

The post Dividend beasts: 5 ASX 200 shares with the highest dividend yield right now appeared first on The Motley Fool Australia.

More reading

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• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why Australian Ethical, BHP, Endeavour, and Megaport shares are tumbling today
• The Rio Tinto dividend was paid today. Here’s the lowdown
• Here’s why the BHP share price is tumbling lower today

Motley Fool contributor Mitchell Lawler 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 Bruce Jackson.

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