If you think back to 2019, life was much simpler.

It was only three years ago, but no one outside of the medical profession had heard of the abbreviation COVID and inflation was non-existent. 

And if you look over investment articles such as this published back in 2019, there are some names often repeated.

But many of those former darlings have since endured a brutal period after the pandemic arrived, and have not really recovered since.

One expert, though, reckons it’s time to revisit two of those fallen stars:

Forget China, there is growth elsewhere

Investors in Kiwi company A2 Milk Company Ltd (ASX: A2M) have long been waiting for a turnaround.

After gaining a stunning 3,400% in the first five years after its 2015 listing, the shares have lost a sorry 77% since July 2020.

“This infant formula company has been facing supply chain issues and margin pressure from increasing competition, resulting in a major valuation decline in recent years,” Catapult Wealth financial adviser Tim Haselum told The Bull.

But he reckons it’s now time to buy the dairy producer.

“Even without strong growth in China, A2 Milk is expanding in New Zealand and the US,” said Haselum.

“Also, new markets in Malaysia, Singapore and Vietnam could lead to a recovery in 2023 and beyond.”

It could also have some unexpected tricks up its sleeve.

“With a strong net cash position, A2 Milk has plenty of firepower for mergers and acquisitions.”

The wider finance community is torn on the stock. According to CMC Markets, four of 15 analysts rate it as a buy while three are advising clients to sell, with the rest neutral.

50% profit growth? Yes, please

Technology shares have suffered both in Australia and the US, and Pro Medicus Limited (ASX: PME) is no exception.

The share price for the medical software maker has dipped more than 23% for the year so far.

Despite this, the price-to-earnings (P/E) ratio remains at an astronomical 133, according to Google Finance.

This would not stop Haselum from buying it right now.

“This medical imaging software provider is aggressively expanding overseas, particularly in the US, which accounts for about 70% of revenue.”

He especially loved the latest results, which were up significantly from the previous year.

“The company announced a first-half 2022 net profit of $20.68 million, up 52.7% on the prior corresponding period,” said Haselum.

“Given new contract wins and renewals, we believe Pro Medicus can justify its relatively high price/earnings ratio.”

The analyst community has more conviction on Pro Medicus compared to A2 Milk. Six out of eight analysts surveyed by CMC Markets currently rate the tech company as a “strong buy”.

The post It’s time to buy these 2 fallen ASX shares again: expert appeared first on The Motley Fool Australia.

More reading

• Is there still hope for the A2 Milk share price in 2022?
• Top brokers name 3 ASX shares to sell next week
• These were the worst performing ASX 200 shares last week
• Why is the A2 Milk share price outperforming today?
• 3 ASX 200 shares sliding to 52-week lows on Tuesday

Motley Fool contributor Tony Yoo owns A2 Milk. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Pro Medicus Ltd. The Motley Fool Australia owns and has recommended Pro Medicus Ltd. The Motley Fool Australia has recommended A2 Milk. 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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Are you looking for dividend shares to add to your income portfolio? If you are, then the two listed below could be worth considering.

These dividend shares have been rated as buys and tipped to provide income investors with attractive yields. Here’s what you need to know about them:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend share to look at is Centuria Industrial. It is a property company focused on building a portfolio of high quality industrial assets that deliver income and capital growth to investors.

Centuria Industrial has been performing very positively in recent years and has continued this trend in FY 2022. It recently revealed robust nationwide demand for industrial space, particularly from ecommerce-related tenant customers, which has underpinned strong rental growth year to date in FY 2022.

Macquarie expects this to underpin an 17.3 cents per share dividend in FY 2022 and then 17.8 cents per share in FY 2023. Based on the current Centuria Industrial REIT share price of $3.91, this will mean yields of 4.4% and 4.55%, respectively.

The broker has an outperform rating and $4.27 price target on the company’s shares.

Coles Group Ltd (ASX: COL)

Another ASX dividend share for investors to consider is retail giant, Coles.

It is one of the big two supermarket chains with over 800 supermarkets across the country. This strong network, its defensive qualities, and rational competition has analysts forecasting growing dividends in the coming years. Especially in the current inflationary environment.

For example, analysts at Morgans are forecasting fully franked dividends of 61 cents per share in FY 2022 and then 63 cents per share in FY 2023. Based on the current Coles share price of $18.34, this will mean yields of 3.3% and 3.4% respectively.

Morgans has a buy rating and $19.70 price target on its shares.

The post Analysts name 2 ASX dividend shares to buy now appeared first on The Motley Fool Australia.

More reading

• 2 strong ASX 200 dividend shares analysts love
• Why is the Coles share price slipping today?
• Analysts name 2 ASX 200 dividend shares to buy now
• 2 high-yielding ASX 200 dividend shares rated as buys by brokers
• Top ASX dividend shares to buy in April 2022

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 owns and has recommended COLESGROUP DEF SET. The Motley Fool Australia has recommended Macquarie Group 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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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was on form and charged higher. The benchmark index rose 0.55% to 7,565.2 points.

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

ASX 200 expected to storm higher

The Australian share market looks set to have a great day on Wednesday following a strong night in the US. According to the latest SPI futures, the ASX 200 is expected to open the day 46 points or 0.6% higher this morning. On Wall Street, the Dow Jones rose 1.3%, the S&P 500 climbed 1.5%, and the Nasdaq stormed 2.05%.

Oil prices sink

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a difficult day after oil prices sank. According to Bloomberg, the WTI crude oil price is down 5.2% to US$102.52 a barrel and the Brent crude oil price has fallen 5.1% to US$107.40 a barrel. Traders were selling oil after the IMF slashed its global growth forecast.

Ramsay Health Care $20 billion takeover speculation

The Ramsay Health Care Limited (ASX: RHC) share price could be one to watch today amid rumours the private hospital operator has received a takeover approach. Goldman Sachs notes that “RHC has received an indicative, non-binding offer from KKR, valuing the company at >$20bn.” This compares to its $12 billion market cap and $15 billion enterprise value.

Gold price tumbles

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could come under pressure today after the gold price tumbled overnight. According to CNBC, the spot gold price is down 1.9% to US$1,948.8 an ounce. A strengthening US dollar weighed heavily on the precious metal.

Life360 remains a buy

The Life360 Inc (ASX: 360) share price could almost double according to analysts at Bell Potter. This morning the broker retained its buy rating and $10.00 price target on the location technology company’s shares. Ahead of its first quarter update, the broker said: “We expect another quarter of at least 50% y-o-y growth in AMR despite Q1 traditionally not being a strong quarter.”

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

More reading

• Here are the top 10 ASX shares today
• What’s boosting the Northern Star share price on Tuesday?
• ASX 200 midday update: AMP asset sale talks, Syrah rockets
• What sort of dividend yield do Santos shares currently trade on?
• Keen to bag the Washington H Soul Pattinson dividend? Read this

Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia has recommended Ramsay Health Care 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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While the general S&P/ASX 200 Index (ASX: XJO) has moved upwards confidently over March and April, just a couple of sectors are driving the recovery.

While finance and mining, dominated by large caps, have made hay over the past few weeks, it’s still a volatile and uncertain time for small-cap ASX shares.

So it’s worth being selective about smaller businesses before buying into them.

Cyan Investment Management portfolio manager Dean Fergie recently presented three ASX shares he’s holding that are going gangbusters right now:

Australians have higher expectations about deliveries now

Delivery services platform Zoom2u Technologies Ltd (ASX: Z2U) gained a tidy 24% over March, and Fergie expects more growth to come.

“The delivery marketplace is well overdue to be disrupted with the incumbent, Australia Post, not being able to offer competitive delivery times, nor services such as driver tracking (due to union rules),” he said in a memo to clients.

“Zoom2U is well established in this market with a proven commercial driver network and user deployed tracking software. And we expect the news-flow and positive financial results to continue for this exciting business.”

Like most tech stocks, Zoom2u has suffered a correction in recent months, dipping more than 29% for the year so far.

For Fergie, the company can take advantage of a recent cultural shift in Australia.

“We believe there is a step-change in customer expectations of delivery times, with the likes of Amazon.com Inc (NASDAQ: AMZN) and the food delivery platforms offering next day, same day or one-hour delivery windows.”

A massive contract with Jetstar

Quickstep Holdings Limited (ASX: QHL) is an unusual business that not many investors may have heard of.

But Fergie has held this ASX share for a long time and feels like its time has come after the share price rocketed up 17% last month.

“Quickstep manufacturers composite parts for the F35 fighter jet and C130 bomber, provides commercial aerospace maintenance services, and produces high-end composite products for drone manufacturers.”

The Cyan team recently visited Quickstep’s Melbourne facilities in person and was told of “significant tailwinds” in all three of its business units.

“Indeed, post the end of March, Quickstep has announced a milestone three-year $30 to $35 million maintenance contract with Jetstar,” said Fergie.

“We view this as both financially and strategically significant as Quickstep has dislodged offshore incumbents to bring the maintenance work to Australia.”

Cheers to this ASX small-cap

The Mighty Craft Ltd (ASX: MCL) share price remained flat during March, but Fergie feels like it made the “most significant” announcement out of all his holdings.

“On the 30th March, it upgraded its medium-term ambitions for beer production from 12 million to 25 million litres,” he said.

“Mighty Craft is having some phenomenal success with its Better Beer brand which is expected to sell four million litres in FY22 despite only launching in November 2021.”

As a brewing and distillation company, Mighty Craft is a natural beneficiary of the post-pandemic life as customers flood back into pubs and clubs.

But even considering that, Fergie reckons the business is outperforming.

“It is enjoying an outstanding recovery from the challenges of COVID,” he said.

“We currently see a real disconnect between the current share price and true value of the Mighty Craft group of assets and brands, and expect [a] material re-rate when market conditions improve for emerging companies.”

The post Beers and planes: 3 ASX shares killing it right now appeared first on The Motley Fool Australia.

More reading

• Amazon earnings: What to watch on April 28
• Forget the stock split — 2 bigger reasons to be excited about Amazon stock
• Shopify, Alphabet, Amazon, and Tesla stocks are splitting — which ones are the best buys?
• Is Amazon stock a buy this month?
• Why Amazon stock slipped on Monday

John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Motley Fool contributor Tony Yoo owns Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Amazon. The Motley Fool Australia has recommended Amazon. 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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If you’re looking for an easy way to diversify your portfolio, then exchange traded funds (ETFs) could be the answer.

But which ETFs should you look at? Listed below are three excellent ETFs that could be worth considering this month. Here’s what you need to know about them:

BetaShares Crypto Innovators ETF (ASX: CRYP)

The first ETF to look at is the BetaShares Crypto Innovators ETF. BetaShares highlights that this high risk ETF provides investors with “picks and shovels” exposure to the companies that are building the crypto economy. These are mining equipment providers, crypto trading venues, and other key service providers. At present, the ETF is invested in almost 40 crypto leaders such as Coinbase, Riot Blockchain, and Microstrategy. It also owns shares with indirect exposure such as Block/Square, PayPal, and Robinhood.

VanEck Vectors Morningstar Wide Moat ETF (ASX: MOAT)

Another ETF for investors to look at is the VanEck Vectors Morningstar Wide Moat ETF. This ETF provides investors with an easy way to invest in the type of companies that Warren Buffett buys. The ETF currently contains ~50 attractively priced companies with sustainable competitive advantages or moats. These include the likes of Alphabet (Google), Altria, Boeing, Coca Cola, Meta (Facebook), Kellogg Co, and Walt Disney.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF for ASX investors to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors easy access to a global video game market estimated to comprise 2.7 billion active gamers. Among the companies included in the fund are AMD, Electronic Arts, Nintendo, Nvidia, Roblox, and Take-Two. VanEck notes that these companies are well-placed to benefit from the increasing popularity of video games and eSports.

The post 3 of the best ETFs for ASX investors to buy this month appeared first on The Motley Fool Australia.

More reading

• Here are 2 excellent ASX tech ETFs to buy
• Is it time to buy these 2 quality ASX shares?
• Here are 2 fantastic ETFs for ASX investors to buy
• 3 exciting ETFs for ASX investors to buy today
• Are these 2 leading ETFs good buys in April 2022?

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. owns and has recommended Betashares Crypto Innovators ETF. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF and VanEck Vectors Morningstar Wide Moat 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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Today, the S&P/ASX 200 Index (ASX: XJO) notched up its third consecutive green day in a fine start to the week. At the end of the session, the benchmark index finished 0.56% higher at 7,565.2 points.

While a few sectors took a backseat today, energy and materials bolstered the Aussie equity market. On the back of higher oil prices overnight, the big oil and gas names of the ASX injected optimism into the local market. Disappointingly, healthcare and tech shares were the furthest behind the pack today.

However, the question is: which shares delivered the biggest returns to investors on the ASX today? Here are the top ten stocks that came through for investors:

Top 10 ASX shares countdown today

Looking at the top 200 listed companies, Lake Resources N.L. (ASX: LKE) was the biggest gainer today. Shares in the lithium developer surged 13.93% in absence of any announcements from the company. However, optimism among lithium shares appeared to be rife today amid ARK Invest’s latest bullish take on electric vehicle maker, Tesla Inc (NASDAQ: TSLA). Find out more about Lake Resources here.

Another lithium producer experiencing heightened excitement today was Core Lithium Ltd (ASX: CXO). The company’s shares climbed 9.09% also without the accompaniment of an ASX announcement. Uncover the latest Core Lithium details here.

Today’s top 10 biggest gains were made in these ASX shares:

ASX-listed company	Share price	Price change
Lake Resources N.L. (ASX: LKE)	$2.29	13.93%
Core Lithium Ltd (ASX: CXO)	$1.50	9.09%
Cleanaway Waste Management Ltd (ASX: CWY)	$3.24	5.88%
APM Human Services International Ltd (ASX: APM)	$3.40	4.29%
Beach Energy Ltd (ASX: BPT)	$1.665	4.06%
Incitec Pivot Ltd (ASX: IPL)	$4.15	3.75%
Oz Minerals Ltd (ASX: OZL)	$27.73	3.32%
QBE Insurance Group Ltd (ASX: QBE)	$12.26	3.11%
Bendigo and Adelaide Bank Ltd (ASX: BEN)	$10.54	2.83%
Computershare Ltd (ASX: CPU)	$25.75	2.75%

Our top 10 ASX shares today countdown is a recurring end-of-day summary to ensure you know which companies were making big moves on the day. Check-in at Fool.com.au after the market has closed during weekdays to see which stocks make the countdown.

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

More reading

• Lake Resources share price spikes 14% as lithium prices begin to ease
• Analysts name 3 top ASX lithium stocks to buy now
• ASX 200 midday update: AMP asset sale talks, Syrah rockets
• Why is the Core Lithium share price powering up 7% today?
• Keen to bag the Washington H Soul Pattinson dividend? Read this

Motley Fool contributor Mitchell Lawler owns Tesla. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Tesla. The Motley Fool Australia owns and has recommended Bendigo and Adelaide Bank 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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The Paladin Energy Ltd (ASX: PDN) share price finished in the red on Tuesday despite the company’s silence.

However, the price of uranium – the commodity the company produces – has seemingly levelled out over the last few days after spiking last week.

Additionally, notable global funds invested in the energy commodity struggled overnight.

As of Tuesday’s close, the Paladin share price is 94 cents, 2.59% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) gained 0.55% on Tuesday.

Meanwhile, the Paladin share price dragged on the S&P/ASX 200 Energy Index (ASX: XEJ). Though, the sector still managed a 1.29% gain.

Let’s take a closer look at what happened to the uranium producer’s shares today.

What’s been weighing on the Paladin share price?

The Paladin share price lost ground today despite the broader market’s upwards momentum.

It was likely dragged down by the price of uranium. The commodity’s value slumped slightly yesterday after appearing to stall for much of last week, according to Trading Economics.

Those movements (or lack thereof) followed its rally last Wednesday, which saw the commodity’s value reach an 11-year high.

Perhaps unsurprisingly, the Paladin share price launched 9.64% on Wednesday and another 6.59% on Thursday. Thus, today’s dip could be simple price-taking.

Interestingly, while the price of uranium hasn’t gone far in recent days, the Global X Uranium EFT (exchange-traded fund) plunged 3.14% in Monday’s session in New York.

Meanwhile, the Sprott Physical Uranium Trust – the world’s largest physical uranium fund, listed on the Toronto Stock Exchange – also slumped 2.12% yesterday.  

Additionally, many of Paladin’s uranium-producing peers were also in the red on Tuesday.

Deep Yellow Limited (ASX: DYL) released its quarterly activities and cash flow reports for the three months ended March 31 today. Its share price also ended in the red on Tuesday, slumping 1.32%.

That of Bannerman Energy Ltd (ASX: BMN) recorded a deeper loss, falling 3.17%.

The Boss Energy Ltd (ASX: BOE) share price was the outlier of the pack, gaining 3.36% on Tuesday.

The post What happened to the Paladin Energy share price on Tuesday? appeared first on The Motley Fool Australia.

More reading

• These were the best performing ASX 200 shares last week
• Why are ASX uranium shares getting so much attention right now?
• These 3 shares are topping the ASX 200 volume charts on Thursday
• The Paladin Energy share price has surged 19% in a week. Here’s why these brokers are tipping more gains
• New ASX uranium share to hit boards next month and investors are already pouncing

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 Vanguard Australian Shares ETF (ASX: VAS) is an exchange-traded fund (ETF) that’s invested in ASX shares. Could it be a good time to invest in the VAS ETF at the current price?

It tracks the S&P/ASX 300 Index (ASX: XKO), which represents a list of 300 of the biggest businesses on the ASX.

Some of the biggest names in the portfolio are ones like BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA) and CSL Limited (ASX: CSL).

But could it be time to buy the ETF?

Expert thoughts on the VAS ETF

In a recent episode of ‘buy hold sell’ on Livewire, Felicity Thomas from Shaw and Partners and Ben Nash from Pivot Wealth gave their opinion on the VAS ETF.

For Ben Nash, he thought that the Vanguard Australian Shares ETF is a buy because it is “rock solid” and “nice and cheap”.

According to Mr Nash, the VAS ETF offers a good yield and it can provide inflation protection with the “growth element” of the ETF. He concluded that it’s “definitely a buy”.

While the Vanguard Australian Shares ETF may not be far off its all-time high, the “cheap” comment may refer to the fact that the VAS ETF has an annual management fee of 0.10%. This is a fraction of the fee that active fund managers typically charge.

However, Felicity Thomas was less enthusiastic about the ASX-based ETF. She called the VAS ETF a “hold”. Ms Thomas noted that the ASX 300 is trading at 14 times its earnings. However, the VAS ETF share price is “quite high” according to the expert. In her opinion, the Vanguard Australian Shares ETF could be more attractive in a dip like the market saw during January and February 2022.

How is an ETF price affected?

The Vanguard Australian Shares ETF return is dictated by the movement of share prices of the underlying holdings.

So, the bigger holdings like BHP, CBA, CSL, National Australia Bank Ltd. (ASX: NAB), Westpac Banking Corp (ASX: WBC), Australia and New Zealand Banking Group Ltd (ASX: ANZ), Macquarie Group Ltd (ASX: MQG), Wesfarmers Ltd (ASX: WES) and Telstra Corporation Ltd (ASX: TLS) have a larger influence on the returns of the ETF.

The smaller positions are part of the overall picture, but they have a much smaller impact on the price change of the VAS ETF. Names like Estia Health Ltd (ASX: EHE), Mystate Ltd (ASX: MYS), Sigma Healthcare Ltd (ASX: SIG), Service Stream Limited (ASX: SSM) and Austal Ltd (ASX: ASB) are some of the smallest positions in the portfolio.

According to Vanguard, at the end of February 2022, the ETF had a dividend yield of 4.2% and a price/earnings ratio (P/E ratio) of 14.

The post Is the Vanguard Australian Shares ETF a good buy at current prices? appeared first on The Motley Fool Australia.

More reading

• 2 ASX 200 dividend giants named as buys by brokers
• Does Westpac have a dividend reinvestment plan?
• Down 20% in 2022, is the Wesfarmers share price a clear opportunity?
• Why has the Woolworths share price outperformed Wesfarmers so far in 2022?
• Here are the ASX retail share winners and losers of the last quarter

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 Austal Limited and CSL Ltd. The Motley Fool Australia owns and has recommended Telstra Corporation Limited and Wesfarmers Limited. The Motley Fool Australia has recommended Macquarie Group Limited and Westpac Banking Corporation. 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 Rio Tinto Limited (ASX: RIO) share price has been marching higher since the beginning of the year.

At the time of writing, the mining giant’s shares are 1.94% higher to $122.88. This is a sharp recovery from when its shares were trading around the $88 mark in early November.

In 2022, Rio Tinto shares have gained more than 22%.

What’s driving Rio Tinto shares higher?

There are a few factors as to why the Rio Tinto share price is trading in positive territory this year.

Firstly, the accent of iron ore prices is providing a strong support base for the company’s margins thus far in FY22. This is predominately being driven by supply constraints caused by the COVID-19 outbreak in China.

Regarded as a key commodity in Rio Tinto’s portfolio, this is particularly important given a majority of the company’s revenues come from the steelmaking ingredient.

In the financial year ending 31 December 2021, iron ore accounted for 62% of the total group sales revenue.

In addition, the S&P/ASX 200 Resources Index (ASX: XJR) has also pushed ahead, gaining almost 21% in 2022. The sector represents 48 of the largest companies in the S&P/ASX 200 Index (ASX: XJO) in the energy, metals, and mining industry.

A positive shift in investor sentiment toward the index has propelled Rio Tinto shares higher.

Can Rio Tinto shares reach a record high in 2022?

If the Rio Tinto share price is to break its all-time high in 2022, iron ore prices will need to accelerate further.

Rio Tinto shares broke a record high of $137.33 in August 2021.

Iron ore prices reaching levels above US$200 per tonne will, indeed, translate to bumper profit for the world’s largest iron ore miner.

In its full-year results, Rio Tino revealed iron ore shipments of 321.6 million tonnes, down 3% on FY20. This was impacted by above-average rainfall in the first six months of 2021.

The 2021 monthly average Platts index for 62% iron fines converted to an FOB [free on board] basis was 45% higher on average compared with 2020.

Rio Tinto attained average revenue of US$143.8 per dry metric tonne.

Following the company’s FY21 financial scorecard, analysts at Goldman Sachs raised their outlook on Rio Tinto shares by 2.1% to $131.50.

In addition, the team at Morgan Stanley lifted its 12-month price target by 7% to $130.50.

It appears that each of the brokers believes that Rio Tinto shares are slightly undervalued for the time being. The above assessment reflects a potential upside of around 7%.

However, it’s worth noting that the above price target is under the record price Rio Tinto shares achieved mid-last year.

Rio Tinto share price summary

Adding to today’s gain, the Rio Tinto share price has surged 22.65% in 2022.

However, when looking across the past year, the mining outfit’s shares are up around 1.6%.

After reaching an all-time high of $137.33 in August 2021, investors heavily sold off the company’s shares.

Rio Tinto hit a 52-week low of $87.28 in November before quickly rebounding higher of late.

The company has a price-to-earnings (P/E) ratio of 6.93 and commands a market capitalisation of roughly $45.5 billion.

The post Can the Rio Tinto share price break its all-time high in 2022? appeared first on The Motley Fool Australia.

More reading

• Goldman Sachs names 3 ASX 200 mining shares to buy today
• Here are the top 10 ASX mining companies by market cap
• If you’d bought $10,000 of Rio Tinto shares 5 years ago, here’s how much you’d have now
• ASX mining shares were the leaders last quarter. Here are the top performers
• The Rio Tinto share price rallied 19% in the March quarter. What’s next?

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 Bruce Jackson.

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Tuesday has shaped up to be a good day on the market, particularly for these S&P/ASX 200 Index (ASX: XJO) shares. They’ve surged to their highest point of the last 12 months.

Right now, the ASX 200 is 0.62% higher. That’s helped it reach its own high point – the highest it’s been since early January.

So, which ASX 200 shares are joining in on today’s momentum to set new 12-month records? Let’s take a look.

3 ASX 200 shares hitting 52-week highs on Tuesday

Endeavour Group Ltd (ASX: EDV)

The Endeavor share price surged to a new 52-week high of $7.85 in intraday trade today – a 1.15% gain – despite only silence from the company.

In fact, the Woolworths Group Ltd (ASX: WOW) spin-off and house of Dan Murphy’s hasn’t released news to the market since early February.

But that doesn’t mean Endeavour hasn’t been busy. It opened its first premium Dan Murphy’s Cellar last week.

It also opened its first bar – ZERO% – selling alcohol-free drinks in Melbourne last month.

Incitec Pivot Ltd (ASX: IPL)

The Incitec Pivot share price also reached a new 52-week high of $4.17 on Tuesday, representing a 4.25% gain. That’s the highest the ASX 200 share has traded since 2018.

While there’s been no price sensitive news from Incitec Pivot, the company did provide a positive update on its Waggaman Ammonia Plant this morning.

Back in February, the plant was shut down after a hydrogen release was detected at the facility. Investigations later found the incident was caused by a rupture in a section of pipe, resulting in an extended shutdown for repairs.

Today, Incitec Pivot announced production at the plant has restarted and is operating at name plate capacity.

The company expects the shutdown to have an impact on its earnings before interest and tax (EBIT) of around $173 million and an impact on its net profit after tax (NPAT) of approximately $124 million.

Around 75% of that will be recognised in its earnings for the first half, set to be released next month.

While the company’s working to progress a claim under its comprehensive property insurance policy, it won’t include any adjustments for potential insurance recoveries in its upcoming results.

Cleanaway Waste Management Ltd (ASX: CWY)

The final ASX 200 share hitting a new 52-week high on Tuesday is Cleanaway.

The waste management company’s stock surged 4.9% in intraday trade to reach a high of $3.21.

There’s been no news from the company to explain its gains. However, its share price has been outperforming over the long term.

It has gained 29% over the last 12 months, outperforming the ASX 200 by 22%.

The post 3 ASX 200 shares smashing 52-week highs on Tuesday appeared first on The Motley Fool Australia.

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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 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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