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With so many shares to choose from on the Australian share market, it can be hard to decide which ones to buy over others.

To narrow things down, listed below are two ASX 200 shares that are highly rated by analysts at Goldman Sachs. Here’s what you need to know about them:

Elders Ltd (ASX: ELD)

The first ASX 200 share to look at is Elders. It is one of Australia’s largest agribusiness companies and has an increasingly positive outlook. This is thanks to the success of its transformation plan and acquisitions.

In addition, Goldman Sachs notes that Elders is well-placed to benefit from the rationalisation of the rural services industry, margin expansion opportunities, and the benefits of its large scale systems modernisation project.

Goldman currently has a conviction buy rating and $17.65 price target on its shares.

The broker said: “Looking forward, we view strong operating conditions as a catalyst to help accelerate the transformation of the business, capturing momentum to improve earnings sustainability.”

REA Group Limited (ASX: REA)

Another ASX 200 share that Goldman Sachs rates highly is REA Group. It is the dominant player in real estate listings in the Australian market.

REA looks well-placed for growth in the coming years thanks to a combination of acquisitions, price increases, its international operations, and its strong market position in Australia.

In respect to the latter, a record 13.2 million people visited its local site in October. This is the equivalent of 65% of Australia’s adult population. Furthermore, on average, there were 3.3x more visits than the nearest competitor each month during the first half of FY 2022.

Goldman Sachs has a buy rating and $167.00 price target on its shares.

The broker expects its solid form to continue in FY 2023. It said: “We forecast FY23 EBITDA growth of +7%, assuming (1) -5% listings headwinds offset by +6% price and +3% depth/new products (such as Audience Max/Connect).”

The post 2 ASX 200 shares Goldman Sachs rates as buy 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 recommended Elders Limited and REA 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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It has been another busy week for Australia’s top brokers. This has led to the release of a large number of broker notes.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

BHP Group Ltd (ASX: BHP)

According to a note out of Citi, its analysts have upgraded this mining giant’s shares to a buy rating with an improved price target of $56.00. While the broker concedes that BHP and its peers have underwhelmed during the March quarter, it thinks investors should overlook this due to the significant cash flow the company is generating thanks to sky high commodity prices. The BHP share price is trading at $48.60.

Endeavour Group Ltd (ASX: EDV)

A note out of Goldman Sachs reveals that its analysts have retained their conviction buy rating and lifted their price target on this alcohol retailer’s shares to $8.30. While its third quarter trading update was softer than the broker expected, Goldman remains positive. This is due partly to the company’s less price-sensitive portfolio and high consumer loyalty. The Endeavour share price is fetching $7.70.

Megaport Ltd (ASX: MP1)

Another note out of Citi reveals that its analysts have retained their buy rating but cut their price target on this network as a service provider’s shares to $16.60. While Citi was disappointed with Megaport’s quarterly update and has downgraded its estimates accordingly, it isn’t enough to dampen its bullish view. Citi continues to believe Megaport will be a big winner from the trend towards multi-cloud connectivity. The Megaport share price is trading at $8.97.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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• Why Bellevue Gold, CSL, Endeavour, and Serko shares are pushing higher today
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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. owns and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. 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 Bellevue Gold Ltd (ASX: BGL) are hitching up today and now trade over 2% higher at $1.01 apiece.

Investors are bidding up the Bellevue Gold share price today following the release of its quarterly activities and cash flow statements’.

Bellevue Gold share price spikes on updates

It’s a tale of two stories with Bellevue’s activities and cashflow updates today; one of numbers and one of words.

On the activities side, Bellevue said it achieved “[o]utstanding progress on both the geological and project development fronts during the quarter.”

This is underpinned by the inferred resource drilling program at its Bellevue Gold project that is set to deliver a a resource estimate sometime in the coming three months, it says.

Bellevue also awarded a mining contract to the underground services division of Develop Global Ltd (ASX: DVP) for development and production activities at its flagship project

Contract terms are linked with forecasts set out in Bellevue’s stage 2 feasibility study announced back in September last year.

Finally, the company also completed installation of a 330-person mine camp at its project site, the first of several significant surface infrastructure works yet to be completed. Completion is expected in Q1 FY23, it says.

On the numbers side, Bellevue hasn’t realised any cash receipts from customers yet, and hence recorded a net loss of $2.8 million in cash from operations.

It also printed a net loss of $19.8 million in cash from investing activities, slightly less than last quarter. However, the bulk of this was from a $14 million exploration and evaluation expense that was also capitalised on the balance sheet.

Bellevue also realised a $21 million net inflow from proceeds drawn in from the exercise of options this quarter, adding to a $36 million equity raise last quarter.

At the end of the period, Bellevue was “well capitalised” with $150.9 million in cash and equivalents after running through the last three months.

Management commentary

Speaking on the announcement, Bellevue Managing Director, Steve Parsons said:

Everything is proceeding to plan. The project is fully funded, the optimisation studies are delivering favourable cost and productivity results and the successful infill drilling has set us up for a Reserve update this quarter.

The award of the mining contract to Develop means we have a highly experienced team of WA underground mining specialists working with our first-rate management to bring the project into production and set it up for a strong future.

We are now putting these work streams together to complete a comprehensive project update ahead of the next phase of mine development and awarding more key contracts.

In the last 12 months the Bellevue Gold share price is flat after shooting 20% higher since January 2022.

The post ‘Pivotal quarter’: Here’s why the Bellevue Gold share price is outperforming today appeared first on The Motley Fool Australia.

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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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One of the quintessential blue chips of the ASX, CSL Limited (ASX: CSL) has had a rough time of it during the pandemic.

Lockdowns all over the world were a big problem for the biotherapies company, as it couldn’t derive its usual volume of plasma collections — particularly in the United States — to make as much product as usual.

CSL is the largest collector of human blood plasma in the world. It relies on hundreds of thousands of donors to produce its critical medicines, including vaccines against the flu and polio.

Just before the pandemic hit the ASX in March 2020, the CSL share price was as high as $336.40. That was in mid-February 2020. Then it came crashing down, along with pretty much every other ASX share, to an initial low of $270.88. Then came the struggle through the first two years of COVID-19, during which time CSL shares have been effectively rangebound between the mid-$200s and about $315.

Today, the CSL share price is $270.66, up 1.38% in today’s session so far. Year-to-date, it’s down 8.5%.

So, when is the time right to pounce on CSL shares?

Well, one broker — Citi — reckons it’s a buy right now. They have a $335 price target for the next 12 months.

As my Fool colleague James reported last week, “Citi highlights that the company’s shares are underperforming the market this year but appears optimistic this will change as plasma collections begin to recover and the acquisition of Vifor Pharma closes.”

Morgan Stanley looks further ahead

Analysts at Morgan Stanley reckon the CSL share price is heading in the direction of $400 by 2025.

According to reporting in The Australian, the broker says this will be driven by three factors. And all of them relate to CSL’s US$12.3 billion (A$17.2 billion) acquisition of Swiss biotech giant Vifor Pharma.

Morgan Stanley analysts estimate the deal is 8% earnings per share-accretive to CSL in FY23 “if the acquisition indeed proceeds”. (According to a CSL statement yesterday, everything is on track for the deal to be completed by June).

The note reportedly said, “Given CSL’s long track record of fundamentally outperforming peers, we believe the Vifor outlook could be very different in CSL management’s hands.”

The analysts expect “material EPS upside” due to three key factors.

1. Higher revenues through CSL sales channels for Vifor drugs Veltassa, Korsuva/Kapruvia, and later Vadadusta
2. A revenue boost from Vifor’s Injectafer through greater adoption of Patient Blood Management
3. Developmental transplant franchise benefits from Vifor’s Fresenius Medical Care and Fresenius Kabi relationships

The note said CSL’s plasma collections have returned to pre-pandemic levels and its vaccine products are performing strongly.

What else is affecting the CSL share price?

Yesterday, CSL revealed it has priced US$4 billion of bonds in the US market, which will help pay for Vifor.

CSL’s Chief Financial Officer, Joy Linton said:

The strong support shown by investors towards our inaugural US dollar bond issue reflects positively on our track record of disciplined financial management, as well as confidence in our strategy to invest in our leading therapeutic capabilities and generate sustainable growth.

The post Why Morgan Stanley says the CSL share price can hit $400 by 2025 appeared first on The Motley Fool Australia.

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• Why Bellevue Gold, CSL, Endeavour, and Serko shares are pushing higher today
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Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor Bronwyn Allen owns CSL Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended CSL Ltd. 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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In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a disappointing decline. At the time of writing, the benchmark index is down 1.6% to 7,471.6 points.

Four ASX shares that have managed to avoid the selloff are listed below. Here’s why they are pushing higher:

Bellevue Gold Ltd (ASX: BGL)

The Bellevue Gold share price is up 3% to $1.02. This morning the gold explorer released its quarterly activities update. The company stated that it has made outstanding progress on both the geological and project development fronts during the quarter. This has culminated in a host of strong infill drilling results and the award of a mining contract.

CSL Limited (ASX: CSL)

The CSL share price is up 1.5% to $270.81. This appears to have been driven by a broker note out of Morgan Stanley. According to the note, the broker sees a pathway for the CSL share price to reach $400 by 2025. This would be an increase of almost 50% from current levels. Morgan Stanley sees the acquisition of Swiss biotech giant Vifor Pharma as key to driving the company’s shares materially higher. In the meantime, the broker has an overweight and $310 price target on its shares.

Endeavour Group Ltd (ASX: EDV)

The Endeavour share price is up over 1% to $7.72. This alcohol retailer’s shares were given a boost today from a broker note out of Goldman Sachs. In response to its trading update, the broker has retained its conviction buy rating and lifted its price target to $8.30. Goldman said: “We continue to believe that EDV is unrivaled in its capability to deliver a seamless omni-channel experience to consumers and can manage well through short-term cost volatilities with a less price-sensitive portfolio and high consumer loyalty.”

Serko Ltd (ASX: SKO)

The Serko share price is up 4% to $4.26. This is despite there being no news out of this travel technology company. However, its shares have failed to rebound like many of its travel sector peers recently. So, some investors may believe they are due for a rerating and have been picking them up today.

The post Why Bellevue Gold, CSL, Endeavour, and Serko shares are pushing higher today appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Friday
• Why Australian Ethical, BHP, Endeavour, and Megaport shares are tumbling today
• CSL share price lifts amid US$4b debt raise

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 CSL Ltd. and Serko Ltd. The Motley Fool Australia has recommended Serko Ltd. 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 you ask an ASX investor to name an ASX dividend share, chances are you’ll hear something like Commonwealth Bank of Australia (ASX: CBA), Woolworths Group Ltd (ASX: WOW), or Telstra Corporation Ltd (ASX: TLS). And fair enough too. These blue-chip shares, along with plenty of other popular names, have been around a long time.

Over decades (in most cases), these Australian companies have built up their presence, both in our day-to-day lives, as well as in the minds of investors. We’ve seen growth and plenty of dividends and franking credits from all of them over the years.

But what about names such as WAM Capital Limited (ASX: WAM), Ophir High Conviction Fund (ASX: OPH), or Naos Emerging Opportunities Company Ltd (ASX: NCC)?

It’s doubtful these names have the same kind of impact on any investor’s psyche as the names listed above. But perhaps for an ASX dividend investor, they should. After all, CBA, Woolworths, and Telstra currently have trailing dividend yields of 3.54%, 2.39%, and 3.00% respectively.

But WAM Capital currently has 7.31% on the table. Naos is offering up 7.43%, while Ophir High Conviction Fund currently boasts a whopping yield of 13.22%.

These ASX shares certainly aren’t household names in the same league as CBA or Woolies. But they certainly have something to say when it comes to dividends. So what’s going on here? How can these shares offer such stupendous yields?

Why do some LICs offer such big dividend yields?

Well, it comes down to their nature. See, all of those companies are listed investment companies (LICs). That means they aren’t the traditional businesses we are used to seeing on the ASX.

A LIC functions more like a managed fund than a business. It invests its capital into other investments for the benefit of its shareholders. WAM Capital, for instance, invests in a portfolio of ASX shares that WAM describes as “undervalued growth companies”.

A traditional company like Telstra funds its dividends from its pool of profits. But a LIC can fund its dividend payments from two sources. It is entitled to the dividends and franking credits of its underlying holdings for one. So if a LIC like Ophir or Naos receives a dividend from a company in its portfolio, it can pass it on to its own shareholders.

But a LIC can also bank the profits it makes from buying and selling these shares. If it does so successfully, it can also use these funds to boost its dividends to its own shareholders. That is why we often see LICs like WAM Capital and Ophir with hefty trailing yields.

Of course, this doesn’t always translate into massive profits for investors. For example, despite its 7.31% dividend yield right now, WAM Capital has only given a total return of 1.7% over the 12 months to 31 March (not including fees either). That compares poorly against its benchmark All Ordinaries Total Accumulation Index (ASX: XAOA), which returned 15.5% over the same period.

But food for thought, nonetheless.

The post 13%? Why some ASX LICs have such high dividend yields appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen owns Telstra Corporation 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 owns and has recommended Telstra Corporation 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 Judo Capital Holdings Ltd (ASX: JDO) share price is giving back all its gains made in the past few days. This comes despite the bank providing a positive update to the ASX in the hours before market open today.

At the time of writing, Judo shares are swapping hands at $1.672, down 2.22%.

What did Judo announce?

After a disappointing finish on Wall Street overnight, the All Ordinaries (ASX: XAO) is 1.61% lower to 7,760.2 points.

In turn, this has put selling pressure on the Judo share price throughout the day.

According to the company’s release, its CEO and co-founder, Mr Joseph Healy purchased a parcel of Judo shares yesterday.

The transaction involves 581,000 Judo shares which were picked up via an on-market trade for $1.72 per share. This equates to a value of almost $1 million.

Following the transaction, Mr Healy now has a total holding of roughly 34.77 million Judo shares. This represents about 3.15% of the company’s entire issued capital.

Judo noted that the share purchase was conducted during the trading window, and approved by the chair of the board.

It appears Mr Healy believes the company’s shares are attractively valued, taking advantage of the recent share price weakness.

Earlier this month, the Judo share price hit an all-time low of $1.61 before rebounding slightly higher.

The company noted that Mr Healy is prohibited from selling these shares within three months of the purchase date.

Judo share price snapshot

Since listing on the ASX in November 2021, Judo shares have sunken by around 21%.

The company’s share price has been moving along on a downhill trajectory, particularly since the start of 2022, down 22%.

Based on today’s price, Judo commands a market capitalisation of roughly $1.84 billion.

The post This ASX 300 share is down 22% in 2022, and the CEO just bagged another $1 million worth appeared first on The Motley Fool Australia.

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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. owns and has recommended Judo Capital Holdings Limited. 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 S&P/ASX 200 Index (ASX: XJO) is a sea of red on Friday and on course to record a disappointing decline. In afternoon trade, the benchmark index is down 1.6% to 7,471.6 points.

Four ASX shares that are falling more than most today are listed below. Here’s why they are dropping:

BHP Group Ltd (ASX: BHP)

The BHP share price is down 4% to $48.57. Investors have continued to sell this mining giant’s shares after its third quarter update revealed a cut to some of its guidance due to COVID-19 related disruptions. While analysts at Macquarie Group Ltd (ASX: MQG) expect strong commodity prices to offset much of this, the broker has still cut its price target slightly.

Megaport Ltd (ASX: MP1)

The Megaport share price has tumbled again and is down a further 9.5% to $9.06. This morning Morgans responded to Megaport’s third quarter update by retaining its hold rating but cutting its price target by 27% to $10.65. It said: “We remain convinced that MP1 has global potential. That said, investors need to see proof points of the scalability, so a lot hangs on a sales acceleration.”

OZ Minerals (ASX: OZL)

The OZ Minerals share price is down 6% to $24.59. The catalyst for this was the miner’s quarterly update. That update revealed that its gold and copper production fell 6% and 16%, respectively, over the previous quarter. OZ Minerals also reported an increase in its all-in sustaining costs for the period. And while management expects its performance to improve as the year progresses, it hasn’t been enough for some investors to stick with the company.

Zip Co Ltd (ASX: ZIP)

The Zip share price is down 3% to $1.11. This buy now pay later provider’s shares have come under pressure again on Friday after brokers responded negatively to its third quarter update. For example, the team at Jefferies retained their underperform rating and slashed their price target by 46% to $1.00. The broker was disappointed by Zip’s softening transaction volumes, which it feels will only get worse as it tightens its credit settings to combat worsening credit losses.

The post Why BHP, Megaport, OZ Minerals, and Zip shares are dropping appeared first on The Motley Fool Australia.

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• Zip share price hits new multi-year low after brokers turn even more bearish
• Is this why the BHP share price is down 4% today?
• Here’s why the OZ Minerals share price is sliding 5% today
• Dividend beasts: 5 ASX 200 shares with the highest dividend yield right now
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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. owns and has recommended MEGAPORT FPO. The Motley Fool Australia has recommended MEGAPORT FPO. 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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ASX gold miner – and now potential lithium hopeful – Alchemy Resources Limited (ASX: ALY) has struck ‘white gold’, and its share price has been electrified in response.

Soil sampling and rock chipping at the company’s Karonie Gold Project have discovered a new coherent lithium and pathfinder anomalous corridor.

At the time of writing, the Alchemy Resources share price is 2.7 cents, 42.11% higher than its previous close.

Though, that’s a slip from the ASX gold miner’s brand new 52-week high of 3.2 cents, reached this morning. That represents a 68% surge.

This ASX gold miner may have uncovered lithium

A potential new lithium asset has been identified east of Kalgoorlie, and this ASX miner’s shares are reaping the benefits.

Alchemy Resources’ Pecan, Mesquite, Hickory, and Cherry prospects have been found to house soil anomalies consistent with possible hard rock lithium mineralisation.

The prospects cover an area 7km long and 1km wide. They sit along Global Lithium Resources Ltd (ASX: GL1)’s and Breaker Resources NL (ASX: BRB)’s Manna Lithium Deposit‘s strike.

The ASX mining share recently found additional lithium targets for the Karonie regional areas through a desktop study. The study generated 15 initial targets.

Site visits to the targets will be conducted to ground-truth the target areas. Additionally, Alchemy Resources is planning a large-scale soil sampling campaign at the project.

It notes most of Karonie’s tenure sits on a contact zone for a regional granite strike, most of which hasn’t been tested for battery minerals.

In addition to the Karonie Project, the ASX miner owns Western Australia’s Lake Rebecca gold project.

It also has stakes in other gold, copper-nickel, and base metals projects around Australia.

Today’s gains included, the Alchemy Resources share price is 145% higher than its first close of 2022 – 1.1 cents.

The post This ASX gold miner just struck lithium, and its shares are rocketing 68% 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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Today is Earth Day, which gives heightened attention to the world’s environmental threats. For this reason, we are taking a look at two ASX All Ords shares that are striving to make a positive impact on the planet.

For those investors feeling a little less altruistic, don’t worry, the following companies have also provided big returns in the past 12 months. You might be surprised by how green these ASX shares have been.

Without further ado, here are two companies that are living proof being green can also reward shareholders.

Keeping the green dream alive in the ASX All Ords

Calix Ltd (ASX: CXL)

Although Calix is probably not a share in the S&P/ASX All Ordinaries (ASX: XAO) that is heard of frequently, its efforts in the decarbonisation industry are notable.

Leading with innovation, the Australian company is mostly recognised for its developments in calcination technology. This includes Calix’s ‘LEILAC’ or Low Emissions Intensity Lime and Cement project — which seeks to drastically reduce carbon dioxide emissions in the cement and lime production industry.

Additionally, Calix is working with lithium miner Pilbara Minerals Ltd (ASX: PLS) to use the same technology to improve the sustainability of lithium production.

While the company’s revenues are relatively modest for its market capitalisation, investors have been getting excited about future prospects. This has fuelled an incredible performance for the Calix share price over the last year, rising 301%. That makes this green aspirant the ninth-best performing share in the ASX All Ords index over the 12-month timeframe.

Neometals Ltd (ASX: NMT)

While compact lithium-ion batteries promise a more electric future, fears have arisen over the years that the life cycle has not been thoroughly thought out. Already, the CSIRO is projecting more than 100,000 tonnes of lithium-ion battery waste in Australia by 2036.

To combat this, Neometals has developed a sustainable battery recycling process. On 28 March, the company announced the opening of a lithium-ion battery recycling facility in Hilchenbach, Germany. At capacity, the plant will process 10 tonnes of battery material per day.

Today, this ASX All Ords company received the necessary German operating permit to commence operations. Additionally, Neometals has plans to create larger versions of this technology pending further studies.

Finally, shareholders of Neometals have enjoyed market-beating returns in the last year. Shares in the battery recycler have surged 270%. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is up a mere 5.8% during this time.

The post 2 ASX All Ords shares helping the planet and the back pocket appeared first on The Motley Fool Australia.

More reading

• 3 ASX All Ords commodities shares smashing new highs today
• Neometals (ASX:NMT) share price shoots to new 52-week high
• The US is backing Aussie critical minerals projects, and these ASX mining shares could be set to reap the rewards
• What exactly is vanadium and which ASX shares have exposure?
• Why has the Neometals (ASX:NMT) share price leapt 25% in March?

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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