This holiday season has been a record-setting one for Costco.
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Costco reported first-quarter net sales of nearly $66 billion, up 8.2% from last year.
In the US, comparable sales grew 5.9% with increases in both traffic and ticket size.
CEO Ron Vachris said the company's expansion is both faster and more productive than just two years ago.
Costco just keeps cruising.
The wholesale club delivered net sales of $65.98 billion for the quarter, up 8.2% from $60.99 billion for the same period last year.
US stores saw strong comparable sales growth of 5.9%, propelled by a 2.6% increase in traffic and a 3.2% increase in transaction size.
CFO Gary Millerchip also said the holiday season has been a record-setting one for its US warehouses.
The food court sold 358,000 whole pizzas for Halloween, and more than 4.5 million pies in the three days leading up to Thanksgiving.
"That's over 7,000 pies per warehouse over a three-day period," he said.
Memberships also grew by more than 5%, ending the quarter with nearly 146 million cardholders. The company now operates 923 warehouses worldwide, including 633 in the US.
"The success of our new warehouse expansion has allowed us to consistently drive top-line revenue well in excess of our comparable sales and gain significant market share," CEO Ron Vachris said.
The last fiscal year's openings are generating annualized sales of more than $190 million per warehouse, compared with $150 million just two years ago, Vachris said.
Earlier in the month, Costco filed a lawsuit against the US government seeking a refund for all tariffs paid under President Donald Trump's executive order.
A desire to strengthen the balance sheet contributed to the board’s decision not to pay dividends in FY25.
The last dividend Mineral Resources paid was for the first half of FY24.
At the annual general meeting on 20 November, independent non-executive chair Malcolm Bundey said:
We believe it was prudent not to pay dividends in FY25 and have kept capital expenditure to an absolute minimum this financial year, which has strengthened the balance sheet.
Will Mineral Resources resume dividends in 2026?
Bundey said the discretionary dividend policy of up to 50% of underlying net profit after tax (NPAT) would remain in place next year.
But there are new boundaries: net leverage and liquidity metrics must be met, or likely met, within 12 to 18 months.
Bundey said:
… dividends will now only be paid if our liquidity and leverage thresholds are met, or there’s a clear line of sight to meeting them within 12 months.
This ensures we retain a robust balance sheet before paying dividends.
The consensus expectation among analysts on CommSec is that Mineral Resources shares won’t pay dividends again until FY27.
The forecast is for a 63.5-cent payment that year.
Key dates for Mineral Resources shares in 2026
We’ll find out for sure whether Mineral Resources will resume dividends in FY26 on 20 February.
That’s when Mineral Resources will announced its 1H FY26 results. The full-year FY26 results will follow on 27 August.
We’ll get quarterly production reports on 29 January, 30 April, 29 July, and 23 October.
Mineral Resources will hold its annual general meeting on 18 November.
Should you buy Mineral Resources shares?
Among 15 traders on the CommSec trading platform, five give Mineral Resources shares a strong buy rating.
Two give the ASX mining share a moderate buy rating, four say hold, one says it’s a moderate sell, and three say it’s a strong sell.
In a note this week, Macquarie upgraded Mineral Resources shares from an underperform rating to neutral.
The broker raised its earnings per share (EPS) forecast for FY26 by 58% to 156.8 cents per share.
It increased the FY27 forecast by 15% to 158.6 cents per share, with no change for FY27 at 158.6 cents per share.
Macquarie commented:
MIN sees large EPS changes in FY26/27 as iron ore and lithium prices are material raised.
Longer term, EPS is relatively unchanged.
The broker raised its 12-month price target on Mineral Resources shares by 9% from $47 to $51.
Macquarie added:
Movements in spot iron-ore and spodumene prices present the most material risk to our earnings forecasts for MIN.
We make assumptions on the capital and operating costs for projects including Wodgina and Onslow (which is still in a rampup phase).
Variances in these costs vs our forecasts can have a material impact on our earnings forecasts and valuation.
Should you invest $1,000 in Mineral Resources Limited right now?
Before you buy Mineral Resources Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Mineral Resources Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Soon, you'll be able to use OpenAI products, such as ChatGPT and the video generator Sora, to create content featuring Disney characters like Mickey Mouse, Ariel, and Darth Vader.
CEO Bob Iger said the move would let Disney take advantage of a fast-growing area of entertainment.
Iger said initially Disney would "curate some of the videos that have been created on the Sora platform and put them onto Disney+, which we think is a great way to increase engagement with our Disney+ users, particularly the younger users." Iger said eventually the company wants users to create AI videos within Disney+ itself.
There's a key word in Iger's comment that signals why Disney might be particularly motivated to make this deal: engagement.
Time people spend on Disney's and other leading streaming services has stayed essentially flat over the past few years, despite their increased spending on content, while YouTube and social video have grown. Disney's share of US TV viewership for its streaming services — including Disney+, Hulu, and ESPN+ — has been stuck at around 4.8% this year, according to Nielsen. YouTube is the top streaming platform on TVs, with a nearly 13% share in October, and its lead has been widening.
Data from analytics firm Luminate showed that engagement with Disney+'s original content fell to a 3% share of US viewing time in the third quarter of 2025. That's down from 9% three years earlier, the largest decline among paid streamers.
Disney has been highly protective of its famous characters and favors keeping people on its own platforms. This stance has made it difficult for the company to capitalize on the rise of user-generated content. And it's losing its monopoly on its core constituency, kids, as they increasingly watch YouTube over Disney+.
Hollywood needs new strategies to keep people engaged
Traditional media companies are struggling to grow, so they're trying to figure out new ways to get people to engage with their content, whether it be games, live events, or fan content creation, media analyst Doug Shapiro, a senior advisor at BCG, recently told Business Insider.
"It's a zero-sum game they're losing, and it's only going to get worse," he said. "I think they're all asking themselves, how can they have a deeper relationship with fans?"
Disney invested $1.5 billion in Fortnite maker Epic Games last year and struck a deal with Webtoon to create a new digital platform for Disney's comics, including Marvel and Star Wars. Outside Disney, Netflix is opening Netflix Houses, mini theme parks in malls that let people enter the worlds of its popular shows. Amazon has backed Fable Studios, a startup that has an AI streaming platform that lets users make their own shows and play with existing IP.
John Attanasio, CEO of Toonstar, a tech-driven animation studio, said Disney's IP is so popular that the Sora videos could help drive more audience. He thought Disney could potentially charge for access to AI tools on Disney+ or use the Sora videos to discover franchise extensions.
"UGC, when it's so specific, the reach is limited," he said. "But when you use known IP, that expands the potential audience."
Disney fans and Hollywood insiders had mixed reactions to the OpenAI news.
Shae Noble, a Disney superfan in her late 30s, said she could see herself sending birthday messages or making fan videos of the characters interacting in interesting ways — especially if it were integrated into Disney+.
"I've already seen some of the negative impacts of AI and people pushing it too far to create harmful images," she added. "So it's smart of them to be proactive about it."
Some in Hollywood worried about the risks to professional creators.
For one thing, the deal puts the emphasis on existing IP rather than making new content, Toonstar's Attanasio said.
The Writers Guild of America came out swinging against the deal, and said it planned to meet with Disney to explore how much the pact would let user-generated videos use the work of its members.
Sam Tung, a storyboard artist and cochair of the Animation Guild's AI committee, wondered if OpenAI's guardrails would be strong enough to protect Disney's IP, recalling a widely publicized incident earlier this year when Fortnite users used AI to make the Darth Vader character swear. He also doubted the UGC would move the needle on engagement.
"I think what audiences want is high-quality stuff to watch with your family," Tung said.
Ampol Ltd (ASX: ALD) shares have been firing on all cylinders recently. Thursday the company finished the trading day on a 52-week high at $32.74, after rising 1.72%.
Ampol shares have gained 18% in the past 12 months and they’re a standout among ASX 200 energy stocks. To put it in context, the S&P/ASX 200 Energy Index (ASX: XEJ) only lifted by 2.5% over the same period. Â
Bold strategy rewarded
The rally marks a turnaround from recent volatility. The surging Ampol share price reflects a growing belief that the fuel and convenience retailer is positioning itself for stronger earnings growth in an evolving energy landscape.
Investors have rewarded Ampol’s bold strategic moves, particularly its planned $1.1 billion acquisition of EG Group’s Australian operations. The deal clearly excited the market and sent Ampol shares surging by nearly 10% on the announcement.
National brand presence
The takeover would bring around 500 company-owned and operated fuel stations into Ampol’s network. This would increase scale and give the company greater control over retail operations and brand presence nationwide.
The company announced on Thursday that it launched a $500 million delayed-draw subordinated notes facilityto support capital management and the EG Australia acquisition.
The Ampol-board says the deal is expected to boost both earnings and free cash flow, assuming it completes by mid-2026.
Offset cyclical weakness
The EG acquisition isn’t the only catalyst for the soaring Ampol shares. Markets have also been quick to price in improving refining margins and a resilient performance from Ampol’s convenience retail division.
Ampol’s core business spans fuel refining, marketing and distribution across Australia and New Zealand, complemented by an extensive network of service stations and convenience stores.
The company also supplies lubricants and specialty products, and its evolving portfolio includes growing exposure to electric vehicle charging infrastructure and low-carbon energy solutions.
These segments have helped offset cyclical weakness in global refining conditions. Recent quarterly updates have shown stronger refiners’ margins linked to broader crude and product crack improvements, giving traders another reason to pile into Ampol shares.
Crude price swings
But challenges remain. Ampol’s refining margins are highly cyclical and sensitive to global crude price swings, which have weighed on profitability in recent periods.
Ampol’s earnings growth outlook and sales forecasts have been downgraded by some analysts, with profitability margins under pressure and capital expenditure requirements still significant. Debt levels also remain a focus, making ongoing financial discipline crucial.
What next for Ampol shares?
Analyst sentiment on Ampol shares is broadly optimistic. Brokers seem to be supportive of Ampol’s blend of strategic growth initiatives, operational resilience and a diversified business model.
TradingView data shows that most analysts recommend a strong buy. Some expect the ASX 200 energy stock to climb as high as $37.40, which implies a 15% upside at the time of writing.
However, the average Ampol shares price target for the next 12 months is $34.72. That still suggests a possible gain of almost 7%.
Should you invest $1,000 in Ampol Limited right now?
Before you buy Ampol Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Ampol Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Marc Van Dinther 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.
There are plenty of Australian dividend shares available on the ASX boards for income investors to choose from.
To narrow things down, let’s look at three excellent options for income investors that have $1,000 to put to work in the share market. They are as follows:
The first Australian dividend share to consider buying with the $1,000 is Macquarie. It is Australia’s leading investment bank with a diversified business model that spans banking, asset management, commodities, and global infrastructure. This diversity gives it multiple earnings engines that fire at different points of the cycle.
This has allowed Macquarie to weather market downturns and rate shocks better than many financial peers. After all, when one division is struggling, there is another that is typically picking up the slack. In light of this, it could be a top pick for income investors that are looking for stable dividends.
At present, Macquarie’s shares trade with a trailing dividend yield of 3.5%.
Another Australian dividend share for income investors to look at is Rural Funds.
It is a property company that owns agricultural assets such as cattle properties, vineyards, and cropping land.
It leases these properties to high-quality tenants on long agreements with periodic rental increases built in. This means that Rural Funds has great visibility on its future earnings and has been able to grow its dividend at a consistent rate for many years.
Rural Funds is expecting to reward shareholders with an 11.73 cents per share dividend in FY 2026. Based on its current share price of $2.01, this would mean an attractive 5.8% dividend yield.
Telstra is one of Australia’s most reliable ASX dividend shares. As the country’s telco leader, it benefits from stable cash flow generated by mobile, broadband, and network services. These are the kinds of essential services that Australians rely on every day for connectivity.
Looking ahead, the company recently released its Connected Future 30 strategy, which aims to deliver strong and sustainable long-term earnings. If management delivers on its plans, it should be supportive of dividend growth over the remainder of the decade.
In FY 2025, Telstra paid shareholders a 19 cents per share fully franked dividend. Based on its current share price of $4.88, this represents a trailing dividend yield of 3.9%.
Should you invest $1,000 in Macquarie Group Limited right now?
Before you buy Macquarie Group Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Macquarie Group Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group, Rural Funds Group, and Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
Orica Ltd (ASX: ORI) is an ASX 200 materials stock. The company is the world’s largest provider of commercial explosives and innovative blasting systems to the mining, quarrying, oil and gas and construction markets.Â
In 2025, it has seen its share price rise more than 40%.
What’s behind the success of this ASX 200 stock?
This rise has been driven by the company’s strategic shift from being a pure explosives supplier to a broader, more diversified provider.
The Motley Fool’s Marc Van Dinther reported earlier this month that acquisitions in specialty chemicals businesses and the roll-out of digital blasting platforms have helped generate higher-margin, repeatable revenue rather than one-off explosives sales.
It also reported an EBIT of $992 million and strong growth across all segments.
The company also paid out a record full year dividend of 57 cents, an increase of 21% from last year’s 47 cents.
Macquarie’s updated view
The team at Macquarie released a new report yesterday with updated guidance on this ASX 200 stock.
One key takeaway from the report is the company’s preparation for a strategy refresh (details expected in March) following positive early FY26 momentum.
Macquarie said Vik Bansal commences as Chairman post Dec 16 AGM who has a strong track record of cost out from his time as CEO of Boral (ASX: BLD).
Macquarie also highlighted that Orica could close the gap between itself and competitor Dyno Nobel (ASX: DNL).
It said Dyno Nobel is in midst of its $300m transformation program; this is lifting margins with full benefits targeted in FY28.
Dyno Nobel’s EBIT margins are above Orica’s at 13.4% (12.9% explosives) vs ORI’s 12.0% in FY25a.
In our view, an opportunity exists for ORI to close the margin gap to DNL through cost-out and mix benefit as higher margin Digital & SMC grows faster than Blasting. As a scenario, narrowing the gap by half over next 3-4 years would = c$100m of EBIT & a ~10% benefit to our FY28e/FY29e EPS.
Valuation
Macquarie said Orica shares are currently trading at 17.2Ã FY27 PE, a ~5% discount to the ASX100.
It also said it is trading at a slight discount to competitor Dyno Nobel’s 17.6x and it sees a positive earnings outlook for the ASX 200 stock coupled with a strong balance sheet.
Based on this guidance, Macquarie has an outperform rating on this ASX 200 stock.
Should you invest $1,000 in Orica Limited right now?
Before you buy Orica Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Orica Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Aaron Bell 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.
The S&P/ASX 200 Index (ASX: XJO) closed 0.15% higher on Thursday afternoon. Over the past month the index has fallen 2.57%, although it’s still 4.77% higher for the year-to-date.
The latest index decline is partly due to the Reserve Bank’s decision to keep interest rates on hold for another month. In fact it even hinted that further rate cuts are unlikely, even implied at the possibility of a rate increase in early 2026. And it didn’t sit well with investors.
But during times like this, it’s more important than ever to take note of the strong stock performers and the ones to stay clear of. Here are three ASX 200 shares I’m avoiding this week.
Fletcher Building’s shares ended 0.94% higher at the close of the ASX on Thursday, at $3.22 a piece. Over the past month the New Zealand-based building and materials company’s shares have risen 5.92% meaning they’re now trading 25.29% higher than in January.
The dual-listed New Zealand-based building and materials company’s shares also closed 1.68% higher on the NZE on Thursday, at NZ$3.64 per share.
The company recently reported ongoing declines in trading volumes for the first quarter of FY26 and expects challenging conditions to continue for the remainder of the period. It’s enough for me to steer clear.
Analysts at Macquarie have an underperform rating on the stock and a NZ$1.59 target price. Using Fletcher Building’s NZ$3.64 share price at the time of writing, this implies a massive 56.3% downside ahead.
CBA shares closed 0.7% lower again on Thursday afternoon, at $152.74. This means the ASX 200 company’s shares have now fallen 20.2% from its all-time high in June, and are now 3.03% lower than this time last year.
I still think the bank stock’s premium share price is far too expensive right now, and could correct even further. The majority of analysts have a sell rating on the banking giant’s stock, with a target price as low as $96.07 each.Â
This implies a potential 37.1% downside over the next 12 months, based on the share price at the time of writing. The team at Medallion Financial Group urges investors to be cautious about buying the stock.
NAB is another bank stock which I think is set to drop over the next 12 months, and I’m staying clear of.
At the close of the ASX on Thursday the ASX 200 shares closed 1.03% higher. Although over the month the shares dropped 3.09%. For the year-to-date, the NAB share price is 11.12% higher.
The bank missed consensus expectations of flat earnings in the second half of FY25 and I’m concerned that this is a sign of things to come in FY26.
The team at Morgans have a sell rating and $31.46 target price on the stock. However some analysts are even more bearish, expecting NAB shares to drop as low as $28.79 a piece. At the time of writing this implies a downside of 30.43% over the next 12 months.
Should you invest $1,000 in Commonwealth Bank of Australia right now?
Before you buy Commonwealth Bank of Australia shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Commonwealth Bank of Australia wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
Motley Fool contributor Samantha Menzies 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.
After delivering production of 2.4Mt in FY 2025, the ASX iron ore stock is now aiming to increase this materially over the next three years due to the Weld Range Project.
Fenix is guiding to production of 4.2 million to 4.8 million tonnes in FY 2026, 4.7 million to 5.3 million tonnes in FY 2027, and then 5.4 million to 6 million tonnes in FY 2028. It also reaffirmed its FY 2026 cost guidance of A$70 to A$80 per tonne, with sustaining capital for the three-year period estimated at $35 million to $45 million.
Bell Potter was pleased with the update. It said:
The staged production ramp-up provides a low-risk pathway towards 10Mtpa production, with ore sourced from adjacent hubs resulting in streamlined logistics and operational efficiencies. FEX holds mine plan optionality, with numerous Weld Range deposits across the Beebyn and Madoonga hubs.
The company is exploring several cost-reduction initiatives, including: Transition to owner-operator mining; development of private haul road to decrease mileage and increase haulage capacity; and use of transhippers to reduce shipping costs.
Forget Fortescue shares
Bell Potter currently has a hold rating on Fortescue’s shares with a price target of $19.30. This is approximately 15% below where they currently trade.
Whereas this morning, the broker has reaffirmed its buy rating and 65 cents price target on Fenix shares.
Based on its current share price of 50 cents, this implies potential upside of 30% for investors over the next 12 months.
In addition, the broker is expecting a fully franked 2% dividend yield in FY 2026, sweetening the deal further.
Commenting on its buy recommendation, Bell Potter said:
FEX continues to grow its portfolio of low capital mining assets, leveraging its integrated logistics networks to underpin cash flows for growth and shareholder returns. The company holds the largest storage position at the strategic and fast-growing Geraldton Port. The expanded FEX-SMC agreement provides a clearer pathway to +10Mtpa iron ore production at significantly lower unit costs.
Should you invest $1,000 in Fenix Resources Limited right now?
Before you buy Fenix Resources Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Fenix Resources Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
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.
ASX All Ords share BCI Minerals Ltd (ASX: BCI) has delivered some outsized gains in 2025.
BCI Minerals shares closed up 1.3% yesterday, trading for 38.5 cents each, giving the company a market cap of $1.1 billion.
That sees shares in the ASX miner, which is primarily focused on producing potash and salt, up 42.6% year to date. To put those gains in some context, the S&P/ASX All Ordinaries Index (ASX: XAO) is up 4.9% over this same period.
And according to wealth manager Euroz Hartleys, which has as speculative buy rating on the ASX All Ords share, the stock is well-placed to deliver more outperformance in the year ahead.
If you’re not familiar with BCI Minerals, the miner owns the Mardie Salt Project, located in Western Australia. The project spans around 115 kilometres on the Pilbara coast. It will the third largest salt project in the world on completion, and the largest in Australia.
The company is targeting its first salt shipment in the fourth quarter of calendar year 2026.
Should you buy the surging ASX All Ords share today?
BCI reported its first quarter (Q1 FY 2026) results on 23 October.
Commenting on those results, which saw the ASX All Ords share close up 2.7% on the day, BCI Minerals managing director David Boshoff said, “During the September quarter, we delivered strong operational performance and solid construction momentum at Mardie, with all ponds approaching capacity.”
He added, “We embedded new technology on site, providing valuable data in real time, allowing us to monitor operations and better plan for the future.”
Euroz Hartleys was also pleased with the results.
The wealth manager noted, “Salt development construction now 74% complete, with total expenditure of $1,221m to date. On track for First Salt on Ship (FSOS) milestone end-CY26.”
On the cost front, Euroz Hartleys said, “Importantly BCI outlines remaining estimated construction cost at $441 million, covered comfortably by available funding of $676 million.”
And Euroz Hartleys expects BCI will be able to achieve higher future prices for its salt exports.
According to the wealth manager:
Salt import pricing (CFR: US$50/t to Asia ex-China, US$48/t to China) through the Jun’Q remained robust, although slight decrease QoQ (~-5%) due to lower freight costs (to Indonesia from Australia) and lower quality product (to China from India) impacting average prices. We assume LT US$60/t CFR with US$11.2/t freight costs
Connecting the dots, Euroz Hartleys said, “BCI is at an attractive entry point just over 12 months out from first salt sales, with the major development executing nicely, on track of timing schedule and budget.”
The wealth manager has a price target of 47 cents on the ASX All Ords share. That’s more than 22% above Thursday’s closing price.
Should you invest $1,000 in BCI Minerals Limited right now?
Before you buy BCI Minerals Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BCI Minerals Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
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.
