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Commonwealth Bank of Australia (ASX: CBA) is one of the largest payers of dividends on the ASX. But does it offer the biggest dividend yield?

With a market capitalisation of $182 billion, CBA is one of the biggest businesses in Australia. But it isn’t the only big bank on the ASX.

There is also National Australia Bank Ltd (ASX: NAB), Australia and New Zealand Banking Group Ltd (ASX: ANZ) and Westpac Banking Corp (ASX: WBC).

How big is the CBA dividend going to be?

CBA paid an interim dividend of $1.75 per share on 30 March. The final dividend won’t be announced til August. So, at this stage, even the CBA Board probably doesn’t know what it will pay yet for the full year.

Commsec does have estimates for the bank dividends. But these estimates come from independent third-party providers. The Commsec estimate is an annual dividend of $3.85 per share in FY22 from CBA.

But, how much of a dividend are the other banks going to pay?

If a $3.85 annual dividend per share were paid in FY22, that would translate into a grossed-up dividend yield of 5.1%.

Using Commsec numbers again, let’s have a look at the estimated grossed-up dividend yields for FY22.

• NAB is expected to pay a grossed-up dividend yield of 6.2% in FY22

• Westpac is expected to pay a grossed-up dividend yield of 7.2% in FY22

• ANZ is expected to pay a grossed-up dividend yield of 7.5% in FY22

So, CBA is actually expected to pay the smallest dividend yield in FY22 of the big four banks.

But there can be more to an investment than just how much of a yield it pays.

Is the CBA share price a buy?

Analysts are noting, and adding to, the general expectation that interest rates are going to increase in Australia this year. This is expected to be a positive for bank interest margins. It will allow the net interest margin (NIM) to climb towards levels last seen a few years ago.

However, the broker Citi still rates CBA shares a sell with a price target of $90.75. The CBA share price closed yesterday’s session at $106.71. So, this implies a decline of about 15% over the next year.

For Citi, CBA is at the bottom of the preference list. ANZ, Westpac and NAB are better picks.

The broker Macquarie has a similar rating on CBA – ‘underperform’. The CBA share price target is $90, implying a possible decline of 16% over the next 12 months. Macquarie says that lending growth is slowing down, with the sector likely to continue to see ongoing strong competition.

While higher interest rates could help the net interest margin (NIM), higher costs on customer savings could negate some of that benefit.

Valuation

According to Citi, the CBA share price is valued at 20x FY22’s estimated earnings. Macquarie’s numbers put the bank at 21x FY22’s estimated earnings.

The post Do CBA shares offer the highest big bank dividend yield? appeared first on The Motley Fool Australia.

More reading

• What to expect from the Westpac half year result
• Leading brokers name 3 ASX shares to sell today
• Is the ANZ share price a smart idea for dividend income?
• Why are ASX 200 bank shares having such a stellar start to the week?
• Leading brokers name 3 ASX shares to buy today

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended 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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Woolworths Group Ltd (ASX: WOW) investors will be happy to know the company pays out its latest dividend today.

The retail conglomerate is rewarding eligible shareholders with a fully-franked interim dividend of 39 cents per share.

At Tuesday’s market close, the Woolworths share price finished 0.26% lower to $38.12.

For context, the S&P/ASX 200 Index (ASX: XJO) also fell yesterday with a 0.42% loss to 7,454 points.

Let’s take a look at all the details regarding the company’s dividend.

Woolworths distributes interim dividend

Woolworths reported mixed numbers across key financial metrics for its half-year results on 23 February.

Management stated the financial performance for the first half of FY22 was materially impacted by the COVID-19 pandemic.

And while the company experienced strong sales growth for continuing operations, this was offset by $239 million of COVID costs. This was due to the Omicron variant outbreak at Woolworths’ stores and distribution centres from late last year to early 2022.

Notably, Woolworths shelves were left bare in stores across the country as a result of the staff shortages. This resulted in about 50% of delayed deliveries for major product lines.

With that in mind, the board decided to slash its upcoming interim dividend by 26.4% over the prior corresponding period.

When calculating against the current share price, Woolworths is trailing on a forecast fully-franked dividend yield of 2.83%.

Under the company’s capital management framework, there is typically a 70% to 75% dividend payout.

Woolworths share price snapshot

At today’s levels, Woolworths shares are trading at the same price since the beginning of 2022.

While the recent COVID-19 outbreak in Australia caused logistical supply issues, other macroenvironmental factors also weighed down investor sentiment. This relates to the Reserve Bank of Australia indicating potential rate hikes to curb rising inflation.

Woolworths shares reached a 52-week low of $33.45 in February, before treading upwards over the following months.

Woolworths has a price-to-earnings (P/E) ratio of 5.8 and commands a market capitalisation of roughly $46.2 billion.

The post Woolworths shareholders get their dividends today. Here’s the lowdown appeared first on The Motley Fool Australia.

More reading

• What’s impacting the Woolworths share price on Tuesday?
• Price check: Why did the Woolworths share price push 5% higher in March?
• ASX market beater? Here’s how Coles shares performed during March
• Are Woolworths shares positioned for ‘a long-term, post-COVID trend?’
• Are Woolworths shares worth buying for their defensive properties?

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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Next month, investors will have their eyes on the Westpac Banking Corp (ASX: WBC) share price when the banking giant releases its highly anticipated half year results.

Ahead of the release, let’s take a look to see what the market is expecting from Australia’s oldest bank on 9 May.

What is the market expecting from Westpac’s half year results?

According to a note out of Bell Potter, its analysts are expecting a big improvement in cash earnings over the second half of FY 2021.

The broker has pencilled in cash earnings of $3.11 billion, up from $1.82 billion during the second half but down 12% over the prior corresponding period.

It said: “We expect cash earnings of $3.11bn in 1H22e. This compares with $1.82bn in 2H21 (the miss being revenue shortfalls – i.e. largely lower Consumer other banking income – and higher overall operating expenses including a slew of one-off expenses) and $3.54bn in 1H21. The negative trend should then reverse and the 1H22e number appears to be in line with the 1Q22 cash earnings of $1.58bn.”

Bell Potter expects this to allow the Westpac Board to declare a fully franked 59 cents per share interim dividend, which represents a 1 cent increase on last year’s interim dividend.

What about its margins?

One thing that has been weighing heavily on the Westpac share price this year has been margin concerns. In light of this, its net interest margin (NIM) will be an area of focus for investors.

Bell Potter expects further weakness in its margins and is forecasting a NIM of 1.86%.

The broker commented: “We expect NIM to be 1.86%, falling another 5bp since 2H21a. This was again mainly due to higher liquidity, pressure on mortgages – consumer and business lending – and growth in lower spread fixed rate mortgages. On the other hand, the bank continues to enjoy cheaper funding rates especially in deposits. NIE is expected to be $7.93bn, lower than the annualised figure of $8.36bn in 1Q22a, and WBC still expects FY22e NIM to decline further as a result.”

Costs will be a focus

Another area of focus will be Westpac’s costs. Especially given the bank’s bold plan to cut its operating costs down to $8 billion by FY 2024.

Bell Potter doesn’t believe the bank will be able to achieve its cost cutting targets and appears to believe this will start to be evident with this result. Though, it acknowledges that even a cut to $9 billion would be a big reduction.

“Operating expenses – We expect this to be $5.45bn in 1H22e (54% CIR and down from $5.98bn in 1H21a and a massive $7.30bn in 2H21a) and broadly in line with $2.70bn in 1Q22a. As suggested and excluding notable items, cost reduction was $191m in 1Q22 mainly from cost resets including lower FTEs and third party contractors (by more than 1,100, and was despite further investment in risk management activity).”

“We think there may be more cost savings in this space but the $8.00bn as suggested by the bank in FY24e is highly unachievable we think. Our forecast is for $9.00bn operating expenses instead that is still a large decrease from the current environment.”

Is the Westpac share price in the buy zone?

Bell Potter is sitting on the fence with the Westpac share price.

The broker has a neutral rating and $25.00 price target on the bank’s shares. This suggests modest upside of just 3.5% for investors.

The post What to expect from the Westpac half year result appeared first on The Motley Fool Australia.

More reading

• Why are ASX 200 bank shares having such a stellar start to the week?
• Is the NAB share price entering a ‘sweet spot’?
• How much are Westpac shares worth in April?
• Why these ASX bank shares could outperform over the next 6 weeks
• Here are the 5 best performing ASX 200 bank shares of the March quarter

Motley Fool contributor James Mickleboro owns Westpac Banking Corporation. 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 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 EML Payments Ltd (ASX: EML) share price is under the spotlight today on reports that the business has been in takeover talks.

EML Payments is an ASX tech share that provides payment technology for various uses such as gift cards, virtual accounts, gaming payouts and buy now, pay later.

Potential EML takeover

According to reporting by Street Talk in the Australian Financial Review, the private equity group Bain Capital has been sniffing around EML.

The AFR reported that EML has “gone a few rounds” with takeover talks with the private equity player. This included a period of exclusivity, allowing Bain to do some due diligence on the payments business.

That exclusivity ended at the end of March 2022, with no deal agreed.

According to the AFR’s sources, Bain has “walked away” from the table “for now”. A key sticking point was the price needed to seal the deal.

There have already been many weeks of “high-level talks” between EML Payments and Bain Capital.

The AFR reported:

It remains to be seen whether Bain has a change of heart and returns with a higher offer. Sources said Bain loved the business, its footprint and had invested in similar companies offshore in the past, but couldn’t stack up the mooted price tag, which was well above $1 billion.

What is driving this interest in EML?

It has been a challenging period of time for EML shareholders. Since the start of 2022, the EML Payments share price has fallen by around 20%. In the last year, EML shares have dropped 54%.

The AFR said that a few investment banks have been trying to find a potential buyer for EML Payments amid its difficulties with the Central Bank of Ireland (CBI) and a general sell-off of tech names.

CBI decision not the worst case?

After looking at EML’s Irish subsidiary, the CBI decided on three things.

It would permit EML to sign new customers and launch new programs while staying within the material growth restrictions. EML’s subsidiary is confident it can meet these obligations.

Second, broad-based reductions in limit controls on programs will not be imposed. The CBI said it was satisfied to continue to engage with EML’s subsidiary, with a view to agreeing on appropriate limits.

Finally, it said the CBI intends to put a material growth limitation over the Irish subsidiary’s total payment volume.

EML has been removing higher volume lower-yielding programs to enable it to comply with the material growth restriction and is confident it can meet those obligations.

Is the EML share price attractive?

Macquarie recently called EML shares a buy with a price target of $3.95. That’s a possible upside of almost 50%. It suggested that the ASX payment share can benefit from rising interest rates, helping it earn interest income on the money it’s holding.

The post Takeover talks: EML share price in focus appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• These are the 10 most shorted ASX shares
• The EML share price jumped 25% in March 2022. What happened?
• These are the 10 most shorted ASX shares
• These were the best performing ASX 200 shares in March

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 EML Payments. The Motley Fool Australia owns and has recommended EML Payments. 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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If you’re looking for exposure to rare earths, then there are a couple of quality options for you to choose from on the ASX 200.

These are Iluka Resources Limited (ASX: ILU) and Lynas Rare Earths Ltd (ASX: LYC).

Which rare earths producer should you buy?

The team at Goldman Sachs has been looking at the industry and has given its verdict on the two companies.

According to the note, the broker believes investors should buy Iluka over Lynas at this point in time.

Goldman has a conviction buy rating and $14.00 price target on Iluka’s shares. This compares to the current Iluka share price of $12.43.

As for Lynas, this morning the broker initiated coverage on the company with a neutral rating and $9.50 price target. This is a touch lower than the current Lynas share price of $9.69.

Goldman commented: “We prefer ILU (Buy, on CL) over LYC (Neutral) for Rare Earth/NdPr exposure based on valuation. Factoring in our long run NdPr price of US$80/kg, our price target on LYC offers 2% downside.”

Why Iluka?

The broker is bullish on Iluka due to its attractive valuation and compelling minerals sands and rare earth growth potential.

The broker said: “We think ILU is undervalued (on c.5x EBITDA) vs. key rare earth (c.15x) and mineral sands/pigment (c.6x) industry peers.”

“We are positive on ILU’s project pipeline and forecast >40% production growth in mineral sands volumes, c.18ktpa of Rare Earths (~3.5-4ktpa of high value NdPr), and a >50% increase in EBITDA over the next 5 yrs to 2026.”

In addition, Goldman highlights that rare earths are in high demand from end users and this is expected to remain the case for some time thanks to their use in renewable energy and electric vehicles.

It said: “NdPr market to remain in deficit beyond 2025 based on our NdPr SD model incorporating our global 2030 wind & EV targets and ex-China mine supply forecasts. Current NdPr spot China is ~US$135/kg.”

All in all, this could make Iluka shares worth considering if you’re looking for exposure to the resources sector or rare earths.

The post Should you buy Iluka or Lynas shares for rare earths exposure? appeared first on The Motley Fool Australia.

More reading

• Lynas share price lifts amid record quarterly result
• The Lynas share price has rocketed 50% in six months. Can it keep rising?
• Top brokers name 3 ASX shares to buy next week
• These were the worst performers on the ASX 200 last week
• Why is the Lynas share price backtracking 5% today?

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 Bruce Jackson.

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On Tuesday, the S&P/ASX 200 Index (ASX: XJO) was out of form and dropped into the red. The benchmark index fell 0.4% to 7,454 points.

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

ASX 200 expected to edge lower

The Australian share market looks set to edge lower on Wednesday following a poor night in the US. According to the latest SPI futures, the ASX 200 is expected to open the day 3 points lower this morning. On Wall Street, the Dow Jones fell 0.25%, the S&P 500 dropped 0.35%, and the Nasdaq tumbled 0.3%. Inflation concerns weighed on investor sentiment.

Oil prices jump

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a great day after oil prices jumped. According to Bloomberg, the WTI crude oil price is up 6.8 % to US$100.75 a barrel and the Brent crude oil price has risen 6.4% to US$104.76 a barrel. This follows the easing of lockdowns in Shanghai and OPEC warning that it would be impossible to replace potential supply losses from Russia.

EML takeover rumours swirl

The EML Payments Ltd (ASX: EML) share price will be one to watch this morning amid rumours the payments company held takeover talks with private equity firm Bain Capital. According to the AFR, the two parties ultimately failed to agree on a deal after a period of due diligence. EML is currently one of the most shorted ASX 200 shares with short interest of 9.5%. Those short sellers may have dodged a bullet on this occasion.

Gold price rises

Gold miners Evolution Mining Ltd (ASX: EVN) and Northern Star Resources Ltd (ASX: NST) could have a decent day after the gold price pushed higher. According to CNBC, the spot gold price is up 1.1% to US$1,969.1 an ounce. The gold price was given a boost from a US inflation reading that was the highest in four decades.

IDP remains a buy

The IDP Education Ltd (ASX: IEL) share price could be a top option for investors according to Goldman Sachs. This morning the broker retained its buy rating and lifted its price target on the student placement and language testing company’s shares to $35.50. Goldman notes that international student visa data shows the recovery is underway in Australia.

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 was the highest ever AGL Energy share price?
• 3 ASX 200 shares sliding to 52-week lows on Tuesday
• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• How is AFIC different from an ASX 200 ETF?

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 EML Payments. The Motley Fool Australia owns and has recommended EML Payments. 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) may have fallen 0.42% today, but these shares were not holding it back. Three ASX mining shares skyrocketed on the ASX today after new discoveries.

Let’s take a look at why these shares had such a good day.

Krakatoa Resources Ltd (ASX: KTA)

The Krakatoa Resources share price exploded a massive 95% on a rare earth discovery at the Mt Clere project in Western Australia. Krakatoa found widespread clay hosted iconic rare earth element mineralisation. Rare earths are critical components in electric vehicle (EV) batteries. Commenting on the news, Krakatoa CEO Mark Major said:

This discovery has come at a great time for the company and our shareholders. Demand for these magnetic and critical rare earth elements are expected to increase over the next ten years, as the world embarks on the electric revolution.

Ragnar Metals Ltd (ASX: RAG)

The Ragnar Metals share price surged a whopping 65.65% on the back of drilling results. The company reported promising assay results at the Tullsta nickel project in Sweden. Diamond drilling intersected with nickel, copper, and cobalt, including a high grade zone at 34m.

Anax Metals Ltd (ASX: ANX)

The Anax Metals share price surged nearly 55% in intraday trade before retreating back to 10.5 cents, an 8.25% gain. Anax reported “spectacular” drilling results at the company’s Whim Creek project in Western Australia. Massive copper and zinc sulphide mineralisation was discovered up to 15m wide. Final assay results are still on the way.

The post 3 ASX mining shares skyrocketing on major new discoveries appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Tuesday
• Why Iress, Krakatoa Resources, Paradigm, and SE Advanced Materials are pushing higher
• Krakatoa Resources share price explodes 95% on major discovery
• Here are the 3 most heavily traded ASX 200 shares on Monday
• These were the worst performers on the ASX 200 last week

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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Shares of Nickel Mines Ltd (ASX: NIC) continue to trace south after suffering heavy losses in late March, amid the now infamous nickel squeeze.

The short squeeze on nickel produced a ripple effect the likes of which hadn’t been seen since Covid-19 first appeared in 2020.

What’s happened since?

For nickel players, the outcome of the market calamity has been mixed. A good portion of players absorbed the fallout well.

Those who had an association with Tsingshan, and its subsidiary Shanghai Decent (the nickel giant behind the squeeze), not so well.

For Nickel Mines, that’s exactly the case. “Shanghai Direct is the company’s biggest shareholder, with an 18% stake, and also partners with Nickel Mines on two of its nickel pig iron operations,” TMF reported at the time, after confirmation by Nickel Mines in an announcement.

As the fallout continued, investors soon realised there could be real risk tied to the company’s solvency.

“Management assured investors all deal covenants remain in place and there should be no fallout from the events,” TMF said.

“It doesn’t appear to have worked – investors are offloading shares at pace today such that trading volume is 300% above its four-week average in today’s session.”

The Nickel Mines shares price has since plunged from a high of $1.65 near the time of the saga to now trade 25% lower at the time of writing.

Moody’s Investor Service also downgraded Nickel Mines’ senior unsecured debt in late March from stable down to negative, per Bloomberg reporting.

“[The] negative outlook reflects the increased risk and uncertainty for the company’s ongoing credit profile, given the recent issues facing its sole offtaker, Tsingshan,” it reported. t also went onto say:

While the negative outlook reflects the increasing concerns around Nickel Mines’ reliance on Tsingshan, the affirmation of the ratings considers its steady operating profile, with strong margins and cashflow supported by its competitive cost position and elevated nickel pig iron prices.

The Nickel Mines share price is now down 2% for the last 12 months and has dipped 13% this year to date.

The post How has the Nickel Mines share price been performing since the big squeeze? appeared first on The Motley Fool Australia.

More reading

• All that glitters isn’t gold: Here are the worst performing ASX mining shares of the quarter
• These 3 ASX 200 shares are topping the volume charts on Wednesday
• These were the worst performing ASX 200 shares in March
• The US is backing Aussie critical minerals projects, and these ASX mining shares could be set to reap the rewards
• Here are the 3 most heavily traded ASX 200 shares this Thursday

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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The Vulcan Energy Resources Ltd (ASX: VUL) share price closed lower today, finishing 1.33% in the red at $8.89.

It’s been a one-way affair for Vulcan shares over the last few months. Prices have trended downwards, reaching a low of $8.18 in February.

The lithium company recently signed an offtake agreement with German municipal energy giant MVV Energie AG for 240-gigawatt hours per year of renewable heat.

However, without any realised value until 2025, investors will have to wait a few years for the cash flow to pass through to the bottom line.

Is Vulcan a buy?

Vulcan has narrow coverage but, of the three analysts rating the stock, all have it as a buy and/or speculative buy, according to Bloomberg data.

Consensus from this list has the company valued at $19.07 per share – almost 115% upside potential.

In fact, discounting Berenberg’s price target of $14.20 a share, Alster Research and Canaccord Genuity value Vulcan at $20 and $23 a share respectively.

Alster recently noted Vulcan’s potential upside if Germany continues its push away from reliance on Russian energy imports. According to the broker:

Clearly, Vulcan would benefit from an increasing penetration of geothermal energy by streamlined regulatory procedures, as it would simultaneously help identify and develop the lithium deposits within the granted licenses.

Overall, we expect the conditions for Vulcan to receive a further impetus not only due to the conflict, but also due to the fulfilment of climate targets.

Meantime, long-duration stocks – those that deliver cash flows and returns in the distant future – have taken a beating in 2022.

Vulcan’s been no exception. It reported $631,542 in revenue for the 12 months to 30 June 2021, made up mostly of interest income and a tax incentive.

The company’s acquisition of the Insheim geothermal power plant in Germany allows Vulcan to book revenue on a forward basis. The company said, “it is anticipated [the plant] will be a source of revenue”.

Nevertheless, after some volatility, shares have traded mostly sideways over the past three months and are down around 12% in that time.

Towards the end of last year, Vulcan settled a legal dispute with short-selling firm J Capital Research USA. The latter accused Vulcan of producing faulty economics at its geothermal-lithium plant in Germany, sparking a fierce legal battle.

As a result of the court’s findings, J Capital is permanently restrained from “disseminating, publishing or republishing any matter of and concerning the company, and its directors and officers”, Vulcan said at the time.

J Capital managing partner Tim Murray also sent a letter of apology to Vulcan for its allegations regarding the company’s board and management team, according to various media reports in December last year.

Vulcan share price snapshot

Over the past 12 months, the Vulcan share price has jumped 38% higher despite shedding 14.5% year to date.

The company has a current market capitalisation of $1.17 billion.

The post Why this broker says the Vulcan share price can more than double appeared first on The Motley Fool Australia.

More reading

• Vulcan share price up on new offtake agreement
• March was a stellar month for the Vulcan Energy (ASX:VUL) share price. Here’s why
• Vulcan (ASX:VUL) share price lifts amid company quest to replace Russian gas
• Experts name 3 of the best ASX lithium stocks to buy now
• Here’s why the Vulcan (ASX:VUL) share price is charging higher today

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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Today, the S&P/ASX 200 Index (ASX: XJO) failed to keep its head above water, succumbing to the risk-off attitude in markets. At the end of the session, the benchmark index finished 0.42% lower at 7,454 points.

Turning our focus to the sectors, there was nowhere to hide on the ASX today. All 11 sectors were hit with the same hammer, taking the majority of companies inside the top 200 down a notch. Suffering the steepest falls were the tech and healthcare sectors. Meanwhile, a strong showing among some of the gold miners helped the materials sector avoid the worst of today’s punishment.

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, Elders Ltd (ASX: ELD) was the biggest gainer today. Shares in the agricultural and rural services provider climbed 2.85% despite there being no announcements flowing through to shareholders. Find out more about Elders here.

The next biggest gaining ASX share today was renewable electricity supplier, Meridian Energy Ltd (ASX: MEZ). Though, this New Zealand-based company lacked any updates of its own as well today. For reference, the last price-sensitive announcement was on 15 March, which enclosed Meridian’s monthly report. Uncover the latest Meridian Energy details here.

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

ASX-listed company	Share price	Price change
Elders Ltd (ASX: ELD)	$13.73	2.85%
Meridian Energy Ltd (ASX: MEZ)	$4.52	2.73%
Uniti Group Ltd (ASX: UWL)	$4.80	2.56%
Bluescope Steel Ltd (ASX: BSL)	$21.26	2.51%
Evolution Mining Ltd (ASX: EVN)	$4.50	2.51%
Ebos Group Ltd (ASX: EBO)	$38.34	2.46%
James Hardie Industries Plc (ASX: JHX)	$40.67	2.24%
AGL Energy Ltd (ASX: AGL)	$8.58	2.02%
Iress Ltd (ASX: IRE)	$11.80	1.72%
Super Retail Group Ltd (ASX: SUL)	$10.57	1.44%

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.

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Motley Fool contributor Mitchell Lawler owns Elders Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Super Retail Group Limited. The Motley Fool Australia owns and has recommended Super Retail Group Limited. The Motley Fool Australia has recommended Elders Limited and Uniti 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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