The S&P/ASX 200 Index (ASX: XJO) has gained 3.2% over 12 months, but this ASX 200 gold stock has left those gains wanting.

The surging gold miner in question is Greatland Resources Ltd (ASX: GGP).

In late-afternoon trade on Thursday, Greatland Resources shares were trading for $11.33 apiece. That sees the share price up a whopping 83.1% since this time last year. And it gives the Aussie gold miner a market cap of just over $7.6 billion.

Greatland has benefited from both the strong gold price and the fast-rising copper price, with exposure to both through its Telfer and Havieron gold-copper mines in Western Australia.

And the ASX 200 gold stock has hardly been sitting idle.

Here’s why it still looks like a compelling buy today.

Why this ASX 200 gold stock could keep charging higher

MPC Markets’ Jonathan Tacadena recently analysed the outlook for Greatland’s surging shares (courtesy of The Bull).

“GGP is a gold and copper producer,” he noted.

Citing the first reason he issued a buy recommendation on the ASX 200 gold stock, Tacadena said, “The company produced 329,000 ounces of gold in full year 2026, comfortably beating guidance.”

And Greatland is keeping a lid on its production costs.

“All in sustaining costs [AISC] were also below guidance,” Tacadena said.

For FY 2026, Greatland Resources reported an AISC of $2,179 per ounce of gold produced.

Then there’s the miner’s admirable balance sheet.

“It held cash of $1.289 billion at June 30 and had no debt,” Tacadena noted.

As for the fourth reason the ASX 200 gold stock still looks like a good buy today, he concluded:

It has full upside exposure to the gold price via put options. A reserve upgrade at the Telfer mine in Western Australia is also encouraging. The company is enjoying favourable momentum.

What’s the latest from Greatland Resources?

Greatland Resources announced its FY 2026 results on 27 August, the first full year that it owned the Telfer gold mine.

The company reported revenue of $2.26 billion from sales of 326,859 ounces of gold and 14,730 tonnes of copper, with free cash flow of $737 million, soaring 413% from FY 2025.

On the bottom line, the ASX 200 gold stock achieved a net profit after tax (NPAT) of $862 million, up 156% year on year.

Commenting on the strong results, Greatland managing director Shaun Day said:

Our first full financial year of Telfer under our ownership delivered exceptional operating results, driven by significant productivity improvements in our open pit and underground mines, and an excellent performance in our processing operations.

The post Up 83%! 4 reasons I’d still buy this $8 billion ASX 200 gold stock today appeared first on The Motley Fool Australia.

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

Wesfarmers Ltd (ASX: WES) shares may be one of the most underrated dividend picks in the ASX blue-chip space.

It’s normally names like BHP Group Ltd (ASX: BHP) and Commonwealth Bak of Australia (ASX: CBA) that get a lot of the attention from income investors. But, the owner of Bunnings, Kmart, Officeworks, Priceline and several other businesses could be an even better choice.

If an investor put $4,000 to work in Wesfarmers shares, they could unlock a pleasing amount of passive income. Let’s look at the projection for the business and whether it’s an attractive opportunity.

Dividend projection for FY27

Wesfarmers has been steadily increasing its payout for shareholders in the last several years.

In the 2027 financial year, the business announced it would hike its annual dividend by 7.8% to $2.22 following an 8.3% rise of underlying earnings per share (EPS) to $2.534.

Analysts now expect the business can grow its annual dividend in FY27 as well. According to the projection on Commsec, the operator of Bunnings and Kmart could pay an annual dividend per share of $2.34. This would represent a year-over-year increase of 5.4%

At the time of writing, the potential payout of $2.34 per share in the 2027 financial year could translate into a dividend yield of 3% excluding franking credits and 4.3% including franking credits. That’s not the biggest dividend yield on the ASX, but it has become significantly more attractive after the 15% decline of the Wesfarmers share price in the last month.

What a $4,000 investment would do in Wesfarmers shares

At the time of writing, if an investor put $4,000 into Wesfarmers, they’d be able to buy 52 Wesfarmers shares.

Based on the dividend projections, an investor with 52 Wesfarmers shares could unlock $121.68 in dividend cash and $173.83 in grossed-up dividend income, including franking credits.

Is this a good time to invest in Wesfarmers shares?

The company had a solid FY26, with high single-digit underlying EPS growth. Both Kmart and Bunnings delivered mid-single-digit earnings growth during the year, and management reported ongoing solid sales growth for both businesses in the first few weeks of FY27.

Let’s look at Wesfarmers’ appeal to analysts. According to CMC Invest, there have been 11 analyst ratings on the business within the last three months. Two were a buy, three were a hold, and six were a sell.

The average price target from those 11 analysts is $78.46, implying a possible 2% rise over the next year.

That may not be a very compelling return on offer to some investors, so there could be even better ASX shares to consider.

The post If I buy $4,000 of Wesfarmers shares, how much dividend income will I receive? appeared first on The Motley Fool Australia.

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• Down 15%: Is it a good time to buy Wesfarmers shares?
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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. has positions in and has recommended Wesfarmers. The Motley Fool Australia has recommended BHP Group and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Are you on the hunt for some new additions to your portfolio? 

If you are, then it could be worth seeing if the team at Morgans rates these popular ASX shares as buys this week.

Here’s what the broker is saying about them:

Flight Centre Travel Group Ltd (ASX: FLT)

While Morgans wasn’t blown away with this travel agent’s FY 2026 results, it remains positive.

It continues to believe the Flight Centre share price will be materially higher once operating conditions ultimately improve. As a result, it has a buy rating and $14.25 price target on its shares. It said:

FLT’s FY26 result came in at the lower end of guidance which is disappointing given its 18 June trading update. Leisure was the key miss for us. Corporate had a strong year (+28% NPBT growth), while Leisure was weak (NPBT -22%) given the Middle East conflict. Outlook comments disappointed with Corporate expected to have a weak 1H27, followed by growth in the 2H27. Pleasingly, Leisure is off to a strong start. With one-off costs associated with Productive Operations and World360 Rewards now being placed above the line, we have made minor downgrades to our forecasts. 

While investors will need to be patient for another six months, FLT’s fundamentals remain attractive (FY27F PE of 11.6x) and we retain a Buy rating with a new A$14.25 price target. When operating conditions ultimately improve, both its earnings and share price will be materially higher.

Qantas Airways Ltd (ASX: QAN)

Qantas delivered a result that was in line with expectations in FY 2026 despite facing a major fuel cost headwind.

In response, the broker has retained its accumulate rating (between buy and hold) with a trimmed price target of $10.60. Morgans said:

Strength in the mix – QAN delivered a broadly in-line FY26 result despite a significant fuel cost headwind in 2H26, with a stronger-than-expected performance from Jetstar offsetting softer Domestic earnings. Group Underlying PBT of $2.06bn finished ~3% ahead of consensus, highlighting the resilience and diversification of the earnings base. 

TRASK tailwind emerges – QAN expects Domestic and International TRASK to increase 8-10% in 1H27 while Group capacity remains broadly flat, pointing to a more supportive revenue backdrop despite elevated fuel costs. We maintain our ACCUMULATE rating with a reduced-price target of A$10.60ps (previously $11.50).

Wesfarmers Ltd (ASX: WES)

Wesfarmers also delivered a result that was largely in line with expectations in FY 2026.

And while trading in FY 2027 has been softer than expected, Morgans remains relatively positive. It has an accumulate rating and $85.00 price target on Wesfarmers’ shares. The broker commented:

WES’s FY26 result was broadly in line with expectations, although trading in early FY27 was slightly softer, with management also flagging higher capex in FY27. Earnings from Bunnings, Kmart Group and Health were largely in line with expectations, while Officeworks was slightly above our forecasts. WesCEF was modestly weaker than anticipated. Management noted that while consumer demand remains resilient, cost-of-living pressures persist and customers continue to be value-conscious. We make minimal changes to FY27-29F group EBIT but decrease underlying NPAT by 1-2% due to higher net interest expense. 

Despite these changes, our target price rises to $85.00 (from $81.10) as we believe the increased investments WES is making in the near term will drive sustainable growth over the long term. This is particularly evident across its retail businesses (Bunnings, Kmart Group, Officeworks and Priceline), where investment should strengthen customer value propositions in a subdued consumer environment and position the divisions to capture stronger growth when economic conditions improve. ACCUMULATE rating maintained.

The post Buy, hold, sell: Flight Centre, Qantas, and Wesfarmers shares appeared first on The Motley Fool Australia.

More reading

• If I buy $4,000 of Wesfarmers shares, how much dividend income will I receive?
• How much is needed in superannuation to target a $60,000 annual passive income?
• 11 ASX 200 shares with reaffirmed buy ratings post-results
• Buy, hold, sell: NAB, PLS Group, Wesfarmers shares
• Buying Qantas shares? Here’s what happened with the ASX 200 airline in August

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 Wesfarmers. The Motley Fool Australia has recommended Flight Centre Travel Group and Wesfarmers. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.