Tag: Motley Fool

If you’re looking for an easy way to invest your hard-earned money, then exchange traded funds (ETFs) could be worth considering.

Rather than deciding on which individual shares you should put your money into, ETFs allow you to invest in a large group of shares through just a single investment.

With that in mind, here are three ETFs that are popular with investors right now:

BetaShares Global Energy Companies ETF (ASX: FUEL)

The first ETF to look at is the BetaShares Global Energy Companies ETF. As its name implies, this ETF provides investors with easy access to a group of global energy companies. These companies look well-placed to benefit from high energy prices, which is being caused by tight supply conditions. Among the ~55 shares included in the funds are energy giants such as BP, Chevron, ExxonMobil, and Royal Dutch Shell.

ETFS Battery Tech & Lithium ETF (ASX: ACDC)

Another ETF to look at is the ETFS Battery Tech & Lithium ETF. It provides investors with exposure to a range of companies involved in battery technology and lithium mining. These are the companies that look set to benefit greatly from the shift to clean energy and electric vehicles. Included in the ETF are AMG Advanced Metallurgical Group, Lockheed Martin, Mineral Resources Limited (ASX: MIN), and Pilbara Minerals Ltd (ASX: PLS). Jessica Amir from Saxo Markets believes this ETF could be a top option for investors. She suggested that it could be good for investors that aren’t keen on stock-picking but want to gain exposure to the carbon neutral megatrend.

VanEck Vectors Video Gaming and eSports ETF (ASX: ESPO)

A final ETF to look at is the VanEck Vectors Video Gaming and eSports ETF. This ETF gives investors easy exposure to a portfolio of the largest companies involved in video game development, hardware, and eSports. The gaming market has been growing strongly in recent years and now has an estimated 2.7 billion gamers globally according to VanEck. This bodes well for companies included in the fund such as Nvidia, Roblox, Take-Two, and Electronic Arts.

The post 3 fantastic ETFs for ASX investors to buy appeared first on The Motley Fool Australia.

More reading

• An exciting ASX ETF to ride along with the global electric vehicle boom
• 3 very exciting ETFs for ASX investors this month
• The ASX 200 just had its longest winning streak since 2017. What’s doing?
• 3 top ETFs for ASX investors in April
• Are these 2 ASX tech shares great buys in April 2022?

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 BetaShares Global Energy Companies ETF – Currency Hedged. The Motley Fool Australia has recommended VanEck Vectors ETF Trust – VanEck Vectors Video Gaming and eSports ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/vhq3nfH

There are some diversified S&P/ASX 200 Index (ASX: XJO) shares in Australia.

BHP Group Ltd (ASX: BHP) is spread across several different resources including iron ore, copper and nickel. Telstra Corporation Ltd (ASX: TLS) offers a number of different telecommunication services, as well as Telstra Health and telco infrastructure.

But there are a few ASX 200 shares that are spread across multiple industries, such as these two:

Wesfarmers Ltd (ASX: WES)

Wesfarmers is one of the oldest businesses on the ASX. It has origins going back to 1914 as a Western Australian farmers’ cooperative.

But it has become a significantly diversified business.

The biggest business in the stable is Bunnings. A big retailer of home improvement and lifestyle products in Australia and New Zealand, and a major supplier to project builders, commercial tradespeople and the housing industry. Not only does it have hundreds of Bunnings locations, but within this segment are other businesses including Adelaide Tools, Beaumont Tiles and Tool Kit Depot.

Kmart Group includes three large retailers of a large array of products, including Kmart, Target and e-commerce business Catch.

Wesfarmers describes Officeworks as Australia’s leading retailer and supplier of office products.

The ASX 200 share now has a health division after the acquisition of Australian Pharmaceutical Industries, which includes Priceline, Clear Skincare and Soul Pattinson chemists.

Wesfarmers has a chemicals, energy and fertilisers division. Within that, it owns 50% of Covalent Lithium which owns the Mt Holland lithium project. This will be a fully integrated producer of battery quality lithium hydroxide in WA.

It has an industrial and safety division which includes Workwear Group, Coregas and safety gear business Blackwoods.

Finally, the company owns parts of other businesses including Flybuys, BWP Trust (ASX: BWP), Gresham Partners and Wespine Industries.

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Soul Pattinson is another of ASX’s oldest businesses. It was listed in 1903 as a pharmacy business – the same Soul Pattinson pharmacy business that Wesfarmers just acquired.

These days, the ASX 200 share owns a wide array of private and listed businesses.

It has a portfolio of cornerstone shareholdings in different industries. Soul Pattinson owns 12.6% of TPG Telecom Ltd (ASX: TPG), 43.3% of Brickworks Limited (ASX: BKW), 39.9% of New Hope Corporation Limited (ASX: NHC), 29.8% of Apex Healthcare, 25.4% of Tuas Ltd (ASX: TUA) and 36.5% of Pengana Capital Group Ltd (ASX: PCG).

Next, the investment conglomerate has a portfolio of ASX 200 shares that aim to generate long-term capital and income growth. That includes Commonwealth Bank of Australia (ASX: CBA), Macquarie Group Ltd (ASX: MQG), Woolworths Group Ltd (ASX: WOW), Wesfarmers, Transurban Group (ASX: TCL) and BHP.

Soul Pattinson also owns an ‘emerging’ companies portfolio. Some examples within this portfolio include Bailador Technology Investments Ltd (ASX: BTI), Life360 Inc (ASX: 360), Uniti Group Ltd (ASX: UWL), Clover Corporation Limited (ASX: CLV), Electro Optic Systems Holdings Ltd (ASX: EOS) and Firefinch Ltd (ASX: FFX).

The ASX 200 share also owns a growing portfolio of private companies which it describes as platforms for further growth. Some examples in the private equity portfolio include Round Oak Metals (resources), agriculture and water investments, Ironbark (financial services), Ampcontrol (electrical parts) and Aquatic Achievers (swimming schools).

It also has a structured yield portfolio that invests across the ‘capital structure’. Finally, it has a small property portfolio, partly because of its look-through interest in the Brickworks industrial portfolio.

The post These are 2 of the most diversified ASX 200 shares appeared first on The Motley Fool Australia.

More reading

• Wesfarmers share price in the green amid overhaul news
• 2 ASX 200 dividend shares brokers rate as buys
• What happened to the Wesfarmers share price in March?
• Here’s why Motley Fool analyst Ed Vesely loves this old-school ASX dividend share
• Here’s a look at some ASX shares with ex-dividend dates coming up in April

Motley Fool contributor Tristan Harrison owns Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Bailador Technology Investments Limited, Brickworks, Clover Corporation Limited, Electro Optic Systems Holdings Limited, Life360, Inc., and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns and has recommended Brickworks, Electro Optic Systems Holdings Limited, Telstra Corporation Limited, Washington H. Soul Pattinson and Company Limited, and Wesfarmers Limited. The Motley Fool Australia has recommended Bailador Technology Investments Limited, Macquarie Group Limited, TPG Telecom 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.

from The Motley Fool Australia https://ift.tt/0ZUKytA

The Sonic Healthcare Limited (ASX: SHL) share price has fallen significantly since the start of 2022. But the business could be a long-term opportunity.

Sonic Healthcare is a global pathology business. In the first half of FY22, it generated more than $100 million of revenue from each of the following countries: Australia, the United States of America, Germany, the United Kingdom and Switzerland. It also generated $96 million of revenue in Belgium.

It also has two other divisions in Australia: radiology and clinical services.

Here are three reasons why the Sonic Healthcare share price could be an interesting idea.

Ongoing revenue growth

The company’s base business revenue, which excludes COVID-19 revenue, keeps growing. In fact, it’s achieving organic growth.

FY22 half-year base revenue increased 4.3% year on year. The company expects ongoing growth of its base business, with “strong” underlying drivers, including a catch-up of testing postponed through the pandemic.

But it also made $1.3 billion of COVID-19 testing revenue, up 16% year on year.

Future COVID testing levels depend on the evolution of testing regimes and seasonal outbreaks. However, the company is expecting a sustainable level of COVID testing into the future, including routine COVID testing, screening programs, variant testing, whole-genome sequencing, and antibody tests.

It has also made acquisitions to boost its revenue and scale, including ProPath and Canberra Imaging Group.

The ASX healthcare share continues to look for acquisitions. It has a pipeline of opportunities under evaluation. Management said the company’s balance sheet is well-positioned to fund acquisitions and other growth opportunities.

Shareholder returns

Sonic Healthcare wants to make more revenue and profit. But the company also intends to reward shareholders over the long term.

The company’s gearing levels are currently at a “record low level,” so the board wants to move the business towards its long-term debt average through acquisitions and a share buyback.

That on-market buyback is for up to $500 million over the next 12 months. This will help financial statistics like earnings per share (EPS) and return on equity (ROE).

The company also has a progressive dividend strategy that has seen the dividend climb over the last decade.

The board increased sonic Healthcare’s interim dividend by 11% to 40 cents per share. At the current Sonic Healthcare share price, it has a grossed-up dividend yield of 3.8% with a franking rate of 100%.

Technology investment

The ASX healthcare share recently partnered with Harrison.ai after a global search, buying a 20% stake. Sonic described Harrison.ai as a world leader in healthcare artificial intelligence.

Sonic says that artificial intelligence has significant potential to enhance diagnostic accuracy, ‘reproducibility’ and efficiency in pathology and radiology.

According to Sonic, Harrison.ai has partnered with I-MED Radiology Network to form Annalise.ai, which has, in under two years, developed the world’s “most comprehensive AI solution for chest X-ray”. An AI solution for brain CT will soon be launched. Other radiology AI modules will follow.

Sonic is doing a joint venture with Harrison.ai to develop ‘best-in-class’ AI diagnostic tools for anatomical and clinical pathology. Sonic is deploying the Annalise.ai chest X-ray tool in more than 100 Sonic radiology sites throughout Australia.

To conclude its bullishness about the partnership, Sonic said:

Sonic’s deep clinical expertise, combined with Harrison.ai’s proven AI methodologies, [is] set to create [a] powerful force in healthcare AI.

The post 3 reasons why the Sonic Healthcare (ASX:SHL) share price could be an opportunity appeared first on The Motley Fool Australia.

More reading

• Top ASX shares to buy in April 2022
• Why these 3 ASX healthcare shares could get a boost from the federal budget
• Are these 2 ASX dividend shares top buys for income in April?
• Top brokers name 3 ASX shares to buy today
• 5 things to watch on the ASX 200 on Wednesday

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 Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/izc3gOk

Ask A Fund Manager

The Motley Fool chats with fund managers so that you can get an insight into how the professionals think. In this edition, Atlas Funds Management chief investment officer Hugh Dive names two ASX shares that represent awesome money-making models.

Hottest ASX shares

The Motley Fool: What are the 2 best stock buys right now?

Hugh Dive: So, the two best buys that we’re looking at, we actually have been buying these two stocks. This is not a vague idea. 

The two things we’ve been buying the most lately have been Deterra Royalties Ltd (ASX: DRR), and Atlas Arteria Group (ASX: ALX), our namesake, but has nothing to do with me. It’s a collection of toll roads in eastern France. 

One of the reasons why we like Deterra Royalty Trusts [is] it’s a bit of a novel concept. I think it’s one of the only royalty trusts listed on the ASX. My background is I started off working in funds management in Canada. Royalty trusts are very popular there. I understand them very well. The way a royalty trust works is instead of actually owning a mine or owning an asset and having to operate it, you just get a percentage of the revenues off it. 

Deterra Royalty spun out of Iluka Resources Limited (ASX: ILU) a bit over a year ago, and they get a 1.23% royalty stream off the revenue of BHP Group Ltd (ASX: BHP)’s mining area C. 

One of the reasons why I like that is because mining costs are going up at the moment. We all know that. Labour costs are going up. With a royalty trust, that doesn’t matter. They just get the percentage of the revenue. So, they don’t have to build anything. They don’t have to dynamite any iron ore. They don’t have to pay any wages. They just get a cheque every month. We like that a lot. 

MF: So why do mining companies create these loyalty trusts? Because they just seem like they do nothing and receive money!

HD: Well, for example, Deterra’s thing is they own the land. They own the resource. 

MF: Oh, they’re the landlord. 

HD: Yes. BHP came in there. It has nothing to do with BHP. BHP as the operator, the asset, they needed more iron ore. Their existing nearby mines in Yandi were winding down. They needed to expand it, so they’ve come in and said, “Okay, we’ll do this, and you get to clip the ticket.”

It’s probably not ideal for BHP, but it’s very good for the royalty trust shareholders. It’s a much bigger asset class, particularly in Canada, and also more in precious metals. 

MF: I see. And that’s how it links back to your fund.

HD: Yeah, so it’s a trust structure. Everything gets passed through, which is great. So, the EPS, earnings per share, equals the DPS [dividend per share], minus a fractional amount. There’s, I think, five people in head office. So, yeah, it’s a good little asset, and I think the value of that will be realised over the long term too, quite well.

The other thing we’ve been buying a lot is Atlas Arteria. That is a group of toll roads. It’s listed on the ASX. A group of toll roads in eastern France. That bounced back much faster than we expected when the lockdowns were opened in France. Has extremely low cost of debt. Great set of assets. Dividends are growing quite strongly. 

It gives a bit of a guidance for Transurban Group (ASX: TCL) shareholders in what happens when lockdowns get lifted. People are not catching the trains, but they’re happy to drive, and moving around a lot of goods. Online shopping. 

So we like toll roads. And especially where the revenue goes up each year. Automatically increases each 1st of July with inflation. Unlike a lot of companies, where you have to sort of bargain with your customers to increase your prices, with toll roads like Atlas Arteria or Transurban, it’s a couple of clicks on a keyboard on the 1st of July and it automatically goes up. There’s no bargaining, no sort of anguished meetings. It just automatically increases. 

MF: So both Deterra and Atlas are mainly dividend plays. But do you also look at capital growth?

HD: We’ll see a bit of capital growth. BHP are expanding their operations on Deterra’s assets, so they’ll increase. As the revenues and as dividends increase, you’ll see the price increase. 

So a bit of capital growth. But running an income fund, I’m very conscious of owning companies that have a high and quite stable dividend yield. 

Because when I’m writing calls over the top, I’ve got in the back of my mind, I need it to deliver 7% to investors. And so, there’s little tolerance for companies that are not paying strong dividends and stable dividends, because that volatility is difficult to handle.

The post Here’s an ASX share that makes money doing nothing appeared first on The Motley Fool Australia.

More reading

• Why Atlas Arteria, Core Lithium, Premier, and Telix shares are dropping
• Why A2 Milk, Atlas Arteria, Block, and Boral shares are tumbling today
• ASX 200 (ASX:XJO) midday update: BHP and New Hope storm higher, Boral slumps
• 5 things to watch on the ASX 200 on Tuesday
• ASX 200 (ASX:XJO) midday update: Hamish Douglass resigns from Magellan, Block jumps

Motley Fool contributor Tony Yoo 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.

from The Motley Fool Australia https://ift.tt/vD504Xt

On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week in a positive fashion. The benchmark index rose 0.3% to 7,513.7 points.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 expected to rise

The Australian share market looks set to rise following a strong night in the US. According to the latest SPI futures, the ASX 200 is poised to open the day 47 points or 0.6% higher. On Wall Street, the Dow Jones rose 0.3%, the S&P 500 was up 0.8%, and the Nasdaq has stormed up 1.9% higher. The latter bodes well for the tech sector today.

Oil prices jump

Energy producers such as Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good day after oil prices jumped overnight. According to Bloomberg, the WTI crude oil price is up 4.5% to US$103.67 a barrel and the Brent crude oil price has risen 3.4% to US$107.93 a barrel. Speculation that further sanctions could be placed on Russian oil and coal boosted prices.

RBA meeting

It is the first Tuesday of the month, which means the Reserve Bank of Australia (RBA) will be getting together to decide on the cash rate this afternoon. While the central bank has hinted that rate hikes are coming, the general consensus is that the RBA will be keeping its powder dry at this meeting. The market continues to expect the first hike to occur in May.

Gold price rises

Gold miners Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a good day after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.65% to US$1,936.30 an ounce. Potential new Russian sanctions and higher inflation expectations took the precious metal higher.

Iluka remains a buy

The Iluka Resources Limited (ASX: ILU) share price remains in the buy zone according to analysts at Goldman Sachs. In response to its final investment decision on phase three of the Eneabba Rare Earth Refinery, the broker has retained its conviction buy rating with an improved price target of $14.00.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Here’s what $10,000 invested in CSL shares 5 years ago looks like now
• Why Allkem, Iluka, Pendal, and Sayona Mining shares are charging higher
• The Santos share price has gained 26% this year. Is it too late to buy?
• These were the best and worst performing ASX sectors in March

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.

from The Motley Fool Australia https://ift.tt/n4XU2Bw

The Woodside Petroleum Ltd (ASX: WPL) share price finished Monday in the green after closing the session at $33.02 apiece, a 1.04% gain.

Woodside shares have spiked more than 5% in the past month of trade and have soared more than 50% this year to date as commodity markets rumble like the V8 engines they build and feed.

Key markets like oil and gas have ensured tidy gains for Woodside shareholders as well, given the company is a price taker where the share price is hypersensitive to fluctuations in commodity sectors.

What’s the outlook for April?

All the talk appears to be on the state of oil and LNG segments for Woodside this month, particularly as geopolitical tensions continue to plague global markets.

Brent Crude futures have pushed north over the weekend and Brent spot now trades at US$105 per barrel after gyrating heavily these past few weeks.

Meanwhile, US natural gas futures have extended gains. The commodity now trades around US$5.75 per million British thermal units (MMBtu) and is heading towards single-year highs of US$6.312/MMBtu in November.

Both UK Gas and Dutch Natural Gas contracts have followed a similar trend in the past few months. Their price movements, below, resemble a tracing of the alps instead of a price chart.

The volatility in all of these markets is sure to lock in big gains for players like Woodside, analysts say.

After a slump in financial performance during 2020, rising LNG prices and surging demand from Asia could be the welcome boost Woodside is searching for. That’s according to Henik Fung and Joyce Ho of Bloomberg Intelligence.

“Woodside Petroleum’s financial performance could get a boost from elevated LNG prices amid Asia’s rising gas demand and its reliance on Australia as a supplier,” the pair wrote in a recent note.

“Woodside’s merger with BHP’s petroleum business may further spur revenue and profit growth on volume gains once the deal is final before June 2022. Selling down its equity stake in Pluto Train 2 may yield sufficient liquidity to power other growth projects,” they added.

It appears that LNG markets are an important near-term catalyst that investors must consider, analysts are saying.

But this might not be on the cards for long, according to some commentary on the matter. Demand for LNG out of Asia has already started to slow in April, according to Megha Mandavia from The Wall Street Journal.

“As energy buyers in Europe reorganise to wean themselves off Russian gas in the wake of Vladmir Putin’s war on Ukraine – and natural gas prices skyrocket – Asian countries are facing some serious sticker shock,” Mandavia wrote.

“[LNG] demand in Asia has already taken a meaningful hit. In the long run, the consequences could be even more profound – slower Asian LNG demand growth through the remainder of the first half of the decade,” she added.

Reportedly, Asia Pacific LNG imports have tightened by 10% year on year from Q1 CY21 whereas Indian LNG imports have stalled by 25%.

Therefore, Woodside’s outlook in April appears to be hinged on what LNG and oil markets decide this month.

Meanwhile, the consensus price target on Woodside’s share price is $32.86 according to Bloomberg data, with around 67% of analysts advocating to buy the stock right now.

The post What’s on the cards for the Woodside share price in April? appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Monday
• These were the best performing ASX 200 shares during the first quarter
• What boosted the Whitehaven Coal (ASX:WHC) share price on Friday?
• The Woodside share price gained 12% in March. Here’s why
• 5 things to watch on the ASX 200 on Friday

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.

from The Motley Fool Australia https://ift.tt/7C6ORVQ

The Pilbara Minerals share price had an outstanding month in March.

The lithium miner’s shares soared 18% between market close on 28 February and the close of trade on 31 March. In today’s trading, the Pilbara share price leapt 5.54% to finish at $3.62.

Let’s take a look at what happened during the month.

What’s lifting the Pilbara share price?

Pilbara Minerals is a Western Australian based lithium and tantalum explorer working on its 100% owned Pilgangoora Lithium Tantalum Project.

The Pilbara share price headed north in early March amid optimistic broker coverage. The team at Macquarie rated the Pilbara share price a buy at the time.

Marcus Today senior investment analyst Henry Jennings also recommended Pilbara as a buy in March, as my Foolish colleague Sebastian reported. Jennings said:

After recent falls, the stock is now starting to look attractive and with brokers now upgrading lithium price forecasts, PLS is a buy at around 280c. Having a producer is a bedrock but it is also good to have an explorer with upside potential.

Growth and optimism

On 31 March, Pilbara reported a step forward in its lithium growth strategy. A scoping study provided preliminary support for constructing a demonstration-scale chemicals facility at Pilgangoora. This would produce value-added lithium phosphate salts via an “innovative” refining process. Pilbara shares soared more than 7% on 31 March alone.

As my Foolish colleague James noted, renewed optimism in the shift to electric vehicles may have also favourably impacted the Pilbara share price. Lithium is a critical component in electric vehicle batteries.

In February, Pilbara delivered a statutory profit after tax of $114 million in its FY22 half-year result. The company also reported a record sales revenue of $291.7 million.

Share price snapshot

The Pilbara share price has exploded nearly 234% in the past 12 months, while it has climbed 13% year to date. In the past week, the company’s shares have soared nearly 13%.

For perspective, the S&P/ASX 200 Index (ASX: XJO) index has returned about 10% over the past year.

Pilbara has a market capitalisation of about $10.8 billion based on the current share price.

The post The Pilbara (ASX:PLS) share price soared 18% in March. Here’s why appeared first on The Motley Fool Australia.

More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• ASX lithium shares set to deliver next positive surprise to investors
• Own Pilbara Minerals shares? Here’s why the CEO is so bullish on lithium prices
• The US is backing Aussie critical minerals projects, and these ASX mining shares could be set to reap the rewards
• Here’s why the Pilbara Minerals (ASX:PLS) share price is spiking today

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 Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/TB5iMKQ

The ASX boards have been dominated by resources shares that have shot up in value over the past month or two. If you stick to the green metals space, you don’t need to look too far to find some stellar short-term performers.

Investors seem to be extremely bullish on this market niche right now. Take Pilbara Minerals Ltd (ASX: PLS). It’s up close to 30% over the past month. Or AVZ Minerals Ltd (ASX: AVZ), which has given investors a return of more than 52%. But the Australian Vanadium Ltd (ASX: AVL) share price is a standout performer.

Australian Vanadium shares gained an extraordinary 16.67% just today, closing at 10.5 cents a share. But it was less than a month ago that this company was trading at just 4 cents a share. That means the Australian Vanadium share price has rocketed 162.5% in under a month.

So what’s behind this eye-watering move? Well, it’s hard to say for sure. But some developments have likely pushed investors towards this small-cap vanadium share.

Australian Vanadium share price rockets higher

The first is a general appetite for companies involved in green metals, battery materials and technologies and renewable energy that we have been seeing from investors lately. Vanadium is a metal that has been identified as a potentially game-changing ingredient in a new generation of batteries known as redox flow batteries.

This technology is still emerging. But even so, many experts are excited about its potential future. Redox flow batteries use significant quantities of vanadium. So if this technology takes off, it’s not unreasonable to foresee a huge rise in the demand for the metal.

And Australian Vanadium is, of course, building out its capacity to produce this potentially green metal.

But another major development seems to have gotten investors hot under the collar for Australian Vanadium shares. Last month, the company announced that it has been awarded a $49 million grant under the federal government’s Modern Manufacturing Initiative (MMI). Australian Vanadium will use the funds to develop its Australian Vanadium Project near Geraldton, Western Australia.

Australian Vanadium is a company with a market capitalisation of just under $300 million. Thus, a grant of $49 million is a significant injection.

In its recent joint announcement with Australia, which we covered last week, the United States government has also singled out vanadium as a critical mineral. This could imply that further government assistance is possible as the US builds out secure supply chains of critical minerals.

All in all, it doesn’t get much better than the month the Australian Vanadium share price has just had.

The post How has the Australian Vanadium (ASX:AVL) share price exploded 160% in a month? appeared first on The Motley Fool Australia.

More reading

• Here’s why the Australian Vanadium (ASX:AVL) share price is racing 23% higher

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 Bruce Jackson.

from The Motley Fool Australia https://ift.tt/lSkYJC7

The Carnaby Resources Ltd (ASX: CNB) share price rocketed today following the release of exploration results.

The company’s shares surged 17.8% to finish the day at $1.45. For perspective, the S&P/ASX 200 Index (ASX: XJO) has climbed 0.27% today.

Let’s take a look at what this explorer announced earlier.

‘Exceptional drill’ results

Carnaby Resources reported “exceptional exploration results” at the Greater Duchess Copper Gold Project in Mount Isa, Queensland.

The company released exploration results at both the Nil Desperandum and Lady Fanny prospects. At Nil Desperandum, drill hole NLDD084 intersected 31 metres at 3.9% copper, and 1.0 grams per tonne of gold from 313m.

Meanwhile, at the Lady Fanny Prospect, the company reported exceptional drill results and visual intersections. Broad zones of copper gold mineralisation were intersected including:

• 22m at 2.4% copper, 0.5 grams per tonne gold in the drill hole LFRC019
• 19m at 2.4% copper, 0.9 grams per tonne gold in the drill hole LFRC010
• 43m of strong copper sulphide visuals in the drill hole LFRC120

Managing director Rob Watkins commented on the results:

We are in the early stages of unearthing the scale and significance of the Nil Desperandum and Lady Fanny discoveries.

The drill results and visuals coming in from the ongoing drilling continue to point towards a major new resource and development project at the Greater Duchess Copper Gold Project.

Share price recap

The Carnaby Resources share price has surged nearly 494% in the past 12 months, while it has gained nearly 8% this year to date.

In contrast, the benchmark S&P/ASX 200 Index (ASX: XJO) has returned 10% in the past 12 months.

The post Carnaby Resources (ASX:CNB) share price shoots 17% higher. Here’s why appeared first on The Motley Fool Australia.

More reading

• Here’s why the Telix (ASX:TLX) share price surged 10% today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Game on: Why the PointsBet (ASX:PBH) share price is zipping higher today
• The Lynas Rare Earths (ASX:LYC) share price just hit a 10-year high!
• Why is the Bank of Queensland (ASX:BOQ) share price slipping today?

Motley Fool contributor Monica O’Shea 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.

from The Motley Fool Australia https://ift.tt/l6k4KgN

The Telix Pharmaceuticals Ltd (ASX: TLX) share price took off today after the company released news of its lead product and a $23 million funding package.  

Telix’s prostate cancer imaging agent Illuccix is now available for order in the United States, with patients scheduled to receive the product this month.

Additionally, a partnership involving the company has been awarded a significant funding package by the Federal Government.  

At market close on Monday, the Telix share price finished at $4.73, 10.77% higher than its previous close.

Let’s look at the news that drove the Telix share price higher today.

Telix stock launches 10% on Monday

The Telix share price was well and truly in the green on the news Illuccix, also known as the 68Ga-PSMA-11 injection, will soon be available at around 85% of United States-based positron emission tomography (PET) sites.

Additionally, a third pharmacy network partner has been signed up to supply the product, ensuring better regional coverage.

Key academic centres, including the University of Washington, are already booking patients to receive the injection this month.

Telix CEO and managing director Dr Christian Behrenbruch said the milestone will improve access to PSMA-PET imaging. It will also allow physicians to schedule dose delivery any time of the day.

“With the recent approval in the United States of PSMA therapy – and the importance of 68Ga-PSMA-11 for patient selection – it is an exciting time for molecular imaging in GU-Oncology,” commented Behrenbruch.

Also likely boosting the Telix share price is news of a $23 million funding package granted to the Australian Precision Medicine Enterprise Project.

The project involves Global Medical Solutions Australia (GMSA), Telix Pharmaceuticals, and Monash University.

GMSA is committing $41.2 million to the project over three years. Meanwhile, Telix and Monash will chip in $5 million and $11.2 million, respectively.

The grant funding is from the Modern Manufacturing Initiative’s Manufacturing Collaboration Stream – part of the Australian Government’s Modern Manufacturing Strategy.

It aims to help Aussie manufacturers scale up, compete internationally, and create jobs.

The project will address a manufacturing gap in Australia’s radiopharmaceuticals sector. It will support the innovative development and manufacturing of precision medicines and theranostics for the Australian and Asia Pacific markets.

However, its major vision is a domestic high energy cyclotron – the future source of critical radioisotopes.

The project will provide Telix with more capacity to develop and manufacture theranostic radiopharmaceuticals in Australia. That will help strengthen its global supply chain.

Telix share price snapshot

Today’s gains haven’t been enough to boost the Telix share price from its recent slump.

Right now, the company’s shares are trading for 42% less than they were at the start of 2022. Though, they’re still swapping hands for 2% more than they were this time last year.

The post Here’s why the Telix (ASX:TLX) share price surged 10% today appeared first on The Motley Fool Australia.

More reading

• Why Block, Lake Resources, Nearmap, and Telix shares are racing higher
• Here’s why the Telix (ASX:TLX) share price is leaping higher today
• These were the worst performing ASX 200 shares last week
• Why Atlas Arteria, Core Lithium, Premier, and Telix shares are dropping
• Why is the Telix Pharmaceuticals (ASX:TLX) share price plunging 14%?

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.

from The Motley Fool Australia https://ift.tt/AFYOcs7