S&P/ASX All Ordinaries Index (ASX: XAO) gold stock Titan Minerals Ltd (ASX: TTM) is marching higher today.

Shares in the South American-focused gold and copper miner closed trading yesterday for 66.5 cents. In morning trade on Friday, shares are changing hands for 67.5 cents each, up 1.5%.

This sees the Titan Minerals share price up 53.4% since this time last year.

For some context, the All Ordinaries Index is up 0.2% at this same time and also up 0.2% over 12 months.

And according to the analysts at Euroz Hartleys, Titan Minerals is well-placed to keep smashing the benchmark returns in the year ahead.

ASX All Ords gold stock tipped for 200% gains

On 20 August, Titan Minerals released an update on its 100% held Dynasty Gold Project, located in Ecuador.

The ASX All Ords gold stock has been completing a 10,000-metre resource definition drilling program at the Cerro Verde prospect, within Dynasty, aiming for a Mineral Resource update in early 2027.

Last week, Titan Minerals reported that its latest drilling had struck an “extensive new zone” of gold and silver mineralisation at Cerro Verde.

Among the top drill results, the miner reported an intercept of 33.5 metres at 6.6 grams of gold per tonne and 55.5 grams of silver per tonne (6.6 g/t Au, 55.5 g/t Ag).

“Our technical team are highly encouraged by these latest results, which have provided a breakthrough in our understanding of the major mineralisation pathways and controls at Dynasty,” Titan CEO Melanie Leighton said.

Euroz Hartleys was also impressed. The broker noted:

Importantly, the ~250gm AuEq intersection lies outside the current resource, suggesting potential for a meaningful addition to the existing resource base, which currently stands at 3.9Moz gold and 26Moz silver.

The discovery is particularly significant because it reveals a previously unrecognised northwest-trending structural corridor that may have been overlooked by earlier drilling, noting previous holes in this area were largely drilled parallel to these structures, hence mineralisation may have been missed.

Summarising their bullish outlook on the ASX All Ords gold stock, the analysts at Euroz Hartleys concluded:

TTM has identified multiple high-priority targets along this structural corridor and plans to commence follow-up drilling shortly to test extensions and repeat zones of mineralisation.

If further drilling confirms continuity of the shear-hosted system, the discovery could materially expand the Dynasty resource and strengthen the project’s long-term growth potential.

Euroz Hartleys maintained its speculative buy recommendation on Titan Minerals but lifted its price target to $2.02 a share (from $1.93).

This implies a potential upside of more than 199% from current levels.

The post Up 53%: Why this surging ASX All Ords gold stock just earned a major broker upgrade appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The ASX is having a spirited end to the trading week so far this Friday. Earnings season has rolled on and is ending the week with a bang. One of the more interesting reports this session is from a popular ASX dividend share. Unlike most dividend payers this earnings season, this stock has just delivered a crushing 50% cut to its dividend. That popular ASX dividend share in question is none other than WAM Capital Ltd (ASX: WAM).

WAM Capital is a listed investment company (LIC) that has been on the ASX since 1999. Over this time, it has built up a reputation as a generous dividend payer. However, the company has struggled in recent years, with investors enduring a savage share price decline.

To illustrate, WAM Capital shares last topped out at about $2.50 a share back in 2017. Today, the company has opened sharply lower. WAM Capital shut up shop at $1.51 a share yesterday. But this morning, those same shares opened at $1.40 each before descending to $1.28 at the time of writing. That’s a one-day loss of 15.2%.

That puts this company’s losses over the past 12 months at 25.7%. Shareholders who have held on for the past five years are down a horrid 43.9%.

In other words, WAM Capital’s generous dividends have been the only thing saving investors’ returns. But now that looks set to change too.

WAM Capital shares plunge as dividend slashed 50%

As part of its latest earnings, released this morning, WAM Capital revealed that it can no longer afford to maintain the 7.75-cents-per-share dividend every six months. That’s the payout investors have been receiving on a biannual basis since FY 2020. Investors will receive a final dividend of 7.75 cents per share, partially franked to 60%, in October. But that will be the last of its kind, for at least a while.

In these earnings, WAM Capital has “announced an FY2027 full-year dividend target of 8.0 cents per share, comprising an interim dividend of 4.0 cents per share and a final dividend of 4.0 cents per share”.

This means that 2027’s payouts will be worth approximately half of the dividends that investors have become used to over the past six years or so. It is a calamitous and embarrassing moment for the company, whose investors will now enjoy the same record-low level of dividend income that they last received in 2009. As we’ve warned investors about, the dividends needed to be slashed because of the lack of profits to fund them. Here’s how WAM Capital justified it:

Since FY2020, the Board has maintained WAM Capital’s full year dividend at 15.5 cents per share. Over that period, the dividends paid by the Board exceeded the profits generated, drawing down the Company’s accumulated profits reserve. Maintaining the dividend at 15.5 cents per share is no longer sustainable with the profits reserve available.

WAM Capital has also told investors that they should not bank on getting 8 cents per share in dividends next year either, stating “the FY2027 dividend target is not a forecast or commitment of future dividends”. No wonder WAM Capital shares are copping a beating this Friday.

The post Ouch: WAM Capital shares crash 15% as dividend cut in half appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen 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.

Boss Energy Ltd (ASX: BOE) recently released solid profit results and a new mining plan for its Honeymoon uranium operations in South Australia, but brokers are divided on the company’s future prospects.

Two of the brokers who released research reports on the company this week have buy recommendations on the stock, while one has a neutral rating.

I’ll get to the specifics of the share price targets they are forecasting shortly.

First, let’s have a look at what the company released.

A welcome return to profits

Boss recorded a net profit of $2.5 million for FY26, which was a $36.7 million improvement from the previous year.

Revenue doubled to $151.1 million, with the company paying an average realised price of US$74.4 per pound of uranium.

The company provided guidance for production of 1.25 to 1.3 million pounds of uranium in the current year, which the brokers said was below expectations.

The company said:

The production and cost profile reflects the mine-development uncertainty experienced since July 2025 and Boss’ disciplined decision to limit further investment in legacy wellfields, where the expected returns did not justify additional capital. This approach has preserved balance sheet strength while enabling continued investment in plant infrastructure and new value-accretive wellfields, to support the expected production ramp-up.

Boss also released a new feasibility study that envisages a wider-spaced well design for its in-situ leach mine and is forecast to keep the mine operating until at least FY34.

The company said its costs would decrease as a result, reflecting an increase in uranium concentration in the leach solution.

Brokers divided on the outlook for Boss Energy shares

The Canaccord Genuity team said they had factored in two further deposits, Jason’s and Gould’s Dam, into their valuation of the company, which they see providing options for mining from 2035.

They have reduced their price target on the company from $2.50 to $2, but that’s still well above the current price of $1.50.

Macquarie said the new mine design provided a credible pathway to production and the “wide spaced wellfield design appears likely to be quite effective in reducing costs given 50% less infrastructure and 28% higher … grades”.

The broker said the market may have focused too much on FY27 guidance in selling off the stock, and “Honeymoon value will be better demonstrated when fully ramped at 1.9Mlb/yr”.

Macquarie has a $1.80 price target on the company.

Meanwhile, UBS has a neutral rating on the stock and a price target of $1.50.

UBS said it was not factoring the other deposits into its valuation at this stage.

Boss Energy is valued at $753.5 million.

The post Are Boss Energy shares a buy, hold or sell on new mining plans? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Macquarie Group. The Motley Fool Australia 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.