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It was a year to remember for the Graincorp Ltd (ASX: GNC) share price in 2021. While the S&P/ASX 200 Index (ASX: XJO) returned 13%, the integrated grain company yielded a mindboggling 97.1% gain for shareholders.

The market-beating rally follows several years of largely sideways movement in Graincorp shares. Prior to 2021, investors were grappling with an investment that was often range-bound between $3.50 and $4.75.

During this time Graincorp’s profitability waved like leaves in the wind — going from $26 million in 2016 to $112 million in 2017, and back down to $70 million in 2018. Meanwhile, the company’s revenue was trending downwards, creating uncertainty for shareholders.

However, those that have stuck it out with the Graincorp share price were rewarded in 2021. But what exactly were some of the key drivers behind this renewed momentum? Let’s take a look.

Grains align for a bumper season

Much like many other commodities last year, grains enjoyed a major strengthening in price due to attractive supply and demand dynamics. Graincorp benefited from this through its supply chain, origination, and processing activities.

While historically it has often been the case that high grain prices have been concurrent with low yields across Australia, this was not the case last year. Instead, Aussie crop growers relished in above-average levels of grain production.

This positive environment was still prevalent last month, as grains analyst Malcolm Bartholomaeus noted:

In South Australia we have the highest ever prices for both wheat and canola and it is even getting close to records in NSW, where we had those really high prices during the 2018-19 drought when there was very little grain about.

We’ve averaged $407 [per tonne] for the early part of December, compared to a previous high of $390 per tonne.

According to its full-year result, the company witnessed strong global demand for Australian grain, oilseeds, and vegetable oils during the financial year. In turn, revenue rose 50% to $5,491.5 million from the prior corresponding period.

Perhaps most important for shareholders was the substantial increase in net profits. For the full year ended September 2021, Graincorp delivered net earnings of $139.3 million, up nearly fourfold from $35.2 million in 2020.

Rain and shine expected for Graincorp share price

Although the wet weather might have put a dampener on your holidays, it has the opposite impact on grain projections. For instance, analysts at RBC highlighted rain forecasts to be a catalyst for the Graincorp share price looking forward.

With the Bureau of Meteorology expecting high rainfall across Australia into early autumn 2022, RBC sees a good year for Graincorp’s Agribusiness segment.

Specifically, the broker has forecast $294 million in FY22 earnings before interest, tax, depreciation, and amortisation (EBITDA). This would suggest a 7% increase in the company’s Agribusiness EBITDA from FY21.

The post How did the Graincorp (ASX:GNC) share price double in 2021? appeared first on The Motley Fool Australia.

More reading

• These were the 5 best performing ASX 200 shares in 2021
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• Top brokers name 3 ASX shares to sell
• Drinking, banking, and EVs: 3 value ASX shares I’d buy right now
• Why the Graincorp (ASX:GNC) share price is harvesting some stellar gains this week

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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The Carnaby Resources (ASX: WPL) share price is on fire today, starting 2022 up 13.7% to $1.535 at the time of writing.

Let’s take a look at what may be spurring investor interest in the metals explorer today.

Going for copper and gold

The company’s share price is surging despite no price sensitive news from the company. Today’s gains may reflect continuing investor confidence after the company announced a major copper and gold discovery on December 29.

This saw shares in the company surging 71% — from 73.5 cents at market close on Christmas Eve to $1.26 at market close just five days later.

Investors reacted positively after Carnaby revealed it had found an “exceptionally broad and high-grade copper-gold intersection” at drill hole NLDD044. This was a better than expected result from its Greater Duchess Copper-Gold Project in Mount Isa, Queensland.

Carnaby is also exploring projects in the Pilbara’s Mallina Basin and Yilgarn Margin of Western Australia and the Mt Isa Inlier of Queensland.

During December, the company’s share price skyrocketed from 25 cents on 1 December to $1.35, a 440% hike for the calendar month.

It seems the company’s share price surged on the back of confirmation of significant copper mineralisation at the Greater Duchess Copper-Gold project. Carnaby rated this discovery as the company’s largest copper find to date.

The major share price explosion started in mid-December on the back of “significant” and “spectacular” copper discoveries at the project. The Carnaby share price then continued to soar as the company released further details of its drilling results.

Share price snap shot

The Carnaby Resources share price has surged 253% in the past year and 443% in the past month alone. Meanwhile, it’s up nearly 107% in the past week.

In comparison, the S&P/ASX 200 Index (ASX: XJO) has returned nearly 13% to investors in the past year.

The company commands a market capitalisation of around $180 million based on its current share price.

The post Carnaby Resources (ASX:CNB) share price leaps another 13% in stellar start to the year appeared first on The Motley Fool Australia.

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• Why is the Carnaby Resources (ASX:CNB) share price up 66% today?
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• Carnaby Resources (ASX:CNB) share price explodes 46% on ‘spectacular’ copper find

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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It has been an excellent day for the Green Technology Metals Ltd (ASX: GT1) share price on Tuesday.

At one stage today, the Canada-based lithium explorer’s shares were up as much as 30% to a record high of 68 cents.

The Green Technology Metals share price has since pulled back a touch but remains up 18% to 61.5 cents currently.

Why is the Green Technology Metals share price rocketing higher?

Investors have been bidding the Green Technology Metals share price higher today amid optimism over impending drilling results.

The company recently announced the commencement of drilling activities at the North Aubry deposit within its Seymour Project in Ontario, Canada.

This Phase 1 program comprises a planned 11 holes for approximately 3,500m and is designed to evaluate both along-strike and up to 150m down-dip extensions of the Aubry North deposit that are currently open and untested.

Management notes that examples of these extensional targets include the final step-out drill hole at North Aubry under its previous owner, Ardiden Limited, which returned 40m @ 2.4% Li2O.

And while completion of the Phase 1 drilling at Seymour is scheduled for March, the company revealed on social media that it is expediting some assays. This could mean early to mid January the company will give investors a taste of what’s to come from the full drilling results.

Management certainly appears optimistic on its prospects at the Seymour Project.

In December, Chief Executive Officer Luke Cox commented: “We are excited to be commencing drilling at Seymour so rapidly. This outcome is a direct result of what has been achieved by both our Canadian and Australian operational and technical personnel in recent months.”

“Our aspirations for the Seymour Project are substantial and clear – and we deeply believe in the significant exploration upside to underwrite them. Building lasting local partnerships, testing our advanced exploration model, and generating shareholder value in doing so, is our immediate focus there,” he added.

The post The Green Technology Metals (ASX:GT1) share price jumped 30% to a record high today appeared first on The Motley Fool Australia.

More reading

• Carnaby Resources (ASX:CNB) share price leaps another 13% in stellar start to the year
• Why is the Northern Star (ASX:NST) share price having such an unhappy new year?
• Here’s why the Tesla (NASDAQ:TSLA) share price soared 13% overnight
• Why is the Imugene (ASX:IMU) share price up 8% today?
• This just caused the Straker Translations (ASX:STG) share price to leap 9%

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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The Northern Star Resources Ltd (ASX: NST) share price is having a poor start to 2022, plunging lower on its first day back.

The dip follows on from a 2% gain on New Year’s Eve and follows the price of gold’s recent slip.

At the time of writing, the Northern Star share price is $9.32, 0.9% lower than its previous close.

For context, the S&P/ASX 200 Index (ASX: XJO) is currently recording a 1.54% gain while the All Ordinaries Index (ASX: XAO) is up 1.49%.

Let’s take a closer look at what might be going on with Northern Star and its peers today.

What’s weighing on the Northern Star share price?

The spot price of gold is gaining on Tuesday. According to data from CNBC, it is currently trading at US$1,803.20 an ounce – a 0.1% gain.

However, it tumbled yesterday to close at US$1,800.10 per ounce, 1.44% lower than it was at the end of 2021.

Overnight, Reuters reported gold’s dip is likely due to rising bond yields and equities. Thus, the metal’s attractive position as a haven from volatility may have lost its shine.

Of course, today is the first day the ASX is trading since New Year’s Eve. Therefore, the yellow metal’s spot price might be dragging on the Northern Star Resources share price.

Fortunately (or, unfortunately), the gold miner isn’t alone in the red.

The ASX 200 is being weighed down by the metal’s producers on Tuesday. St Barbara Ltd (ASX: SBM) is the index’s second worst performer, while Ramelius Resources Limited‘s (ASX: RMS) is only just behind it.

They’ve seen their share prices tumble 3.2% and 2.5% respectively.

Meanwhile, the S&P/ASX All Ordinaries Gold (ASX: XGD) index has slipped 0.43%.

Today’s dip sees the Northern Star share price trading 29% lower than it was this time last year.

The post Why is the Northern Star (ASX:NST) share price having such an unhappy new year? appeared first on The Motley Fool Australia.

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• 5 things to watch on the ASX 200 on Tuesday
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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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The Tesla Inc (NASDAQ: TSLA) share price caught a strong updraft overnight, flying 13.5% higher during the Monday night session.

After the dust had settled on United States equities, the electric vehicle (EV) manufacturer had reclaimed a US$1,200 share price. As a result, the company is a mere 4% gain away from setting a new 52-week high.

Sudden exuberance flowed into Tesla shares overnight after the EV giant released its fourth-quarter production and delivery numbers over the weekend. Remarkably, the carmaker managed to far exceed delivery expectations, creating heightened optimism towards the Tesla share price last night.

Record breaker for deliveries

Shocking both Wall Street analysts and Tesla bulls, Elon Musk and his team achieved Q4 2021 delivery numbers of 308,600. This number represented a 71% increase in deliveries compared to the prior corresponding period. Prior to the announcement, analyst estimates were for 267,000 deliveries in Q4.

Additionally, the final quarter numbers brought the company’s 2021 year total to 936,172 deliveries. Positively, this reflected a rise of 87% compared to the previous year’s number. Investors reacted to the news by bidding the Tesla share price higher last night.

The impressive figures mark the sixth consecutive quarter in which Tesla has posted record deliveries. This is despite the EV maker contesting with chip shortages in recent times.

Tesla’s quarterly delivery numbers have swayed analyst price targets following the press release. At least eight of 41 analysts covering the company have revised their targets upwards. One of which was Emmanual Rosner of Deutsche Bank, increasing his target to US$1,200 from US$1,000.

What’s next for the Tesla share price?

For Tesla, production and delivery numbers are a precursor to the company’s earnings report. Shareholders will be watching keenly over the coming weeks as Tesla gets set to post its official financials for the fourth quarter.

These financials will provide the market with additional insights into Tesla’s profitability, as well as the growth of other business segments. According to analyst consensus, the company is expected to post earnings per share (EPS) of US$1.94.

The post Here’s why the Tesla (NASDAQ:TSLA) share price soared 13% overnight appeared first on The Motley Fool Australia.

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• The ASX share market coverage that captivated readers in 2021
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Motley Fool contributor Mitchell Lawler owns Tesla. 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 Imugene Limited (ASX: IMU) share price is climbing today following a development in the company’s latest clinical trial.

The biotech company announced it had completed another leg in its trial for the treatment of lung cancer. It has also revealed the treatment’s effectiveness in ridding one patient’s tumour entirely.

At time of writing, the Imugene share price is up 8% at 43 cents.

Phase 1a dose escalation completed

At its core, the Sydney-based biotech company is committed to developing cancer immunotherapy medicines, mainly for gastric and breast cancer.

However, its B-cell activating immunotherapy, called PD1-Vaxx, is now being trialled in the treatment of non-small cell lung cancer (NSCLC).

In the announcement fuelling the Imugene share price today, the company says the drug has completed its phase 1a mono therapy dose escalation, and will now proceed to a ‘combination’ dose escalation.

The trial has been conducted in patients who had progressed on one or more immune checkpoint inhibitors (ICIs), the company said.

Imugene managing director and chief executive officer Leslie Chong said:

I am encouraged that we are seeing positive signals at such an early stage of our PD1-Vaxx phase I trial and we are now progressing to the phase 1b combination studies in treatment naive patients.

Our phase 1a trial has been open 12 months and I’m pleased with both the pace of development and the early responses seen. It’s particularly gratifying to have followed a patient in the trial for over 12 months where their tumour burden has been reduced to zero.

Imugene share price snapshot

The Imugene share price has seen a dramatic year, increasing by 300% over the course of 2021. In fact, the Imugene share price was one of the best performing biotech shares of 2021, as it progressed with a number of drugs in its clinical portfolio.

The company saw its 52-week-high in November. This coincided with the announcement of a partnership with Eureka Therapeutics and a new clinical supply agreement with Merck KGaA (ETR: MRK) and Pfizer Inc (NYSE: PFE).

The biotech company has a market capitalisation of almost $2.5 billion and more than 5 billion shares issued.

The post Why is the Imugene (ASX:IMU) share price up 8% today? appeared first on The Motley Fool Australia.

More reading

• Here are the 5 best performing ASX biotech shares of 2021
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• Why the Imugene (ASX:IMU) share price is charging higher today
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• Why Bank of Queensland, Imugene, Webjet, and Zip shares are pushing higher

Motley Fool contributor Alice de Bruin 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 Straker Translations Ltd (ASX: STG) share price is on a sharp rebound for the beginning of 2022. This comes after the company announced an acquisition to expand its presence in the multi-billion-dollar European translation market.

At the time of writing, Straker shares are zipping 8.71% higher to $1.685 apiece.

Straker to acquire IDEST

Investors are fighting to get a hold of the Straker share price after the company revealed its latest move.

According to this morning’s release, Straker advised it plans to purchase traditional translation provider, IDEST.

Based in Belgium, IDEST specialises in serving international institutions such as the United Nations and European Commission. Notably, the company has been supplying its services to these organisations for more than two decades.

The binding agreement will see Straker acquire IDEST shares for an initial consideration of €1.75 million (A$2.75 million). This will comprise €1.5 million (A$2.36 million) in cash and €250,000 (A$392,000) in shares at transaction completion. Straker shares will be at an issue price of $1.48 per ordinary share.

In addition, Straker will pay a deferred consideration to IDEST’s vendors of up to €2.5million (A$3.93 million) in cash over two years. However, this is provided that the newly-acquired business meets revenue growth targets that have been set out.

Straker highlighted that buying IDEST opens the largest translation market in Europe through its established relationships with leading global institutions.

Straker CEO, Grant Straker touched on the company’s latest deal, saying:

We have been talking to IDEST for several years as we recognised the strong standing, they have with global institutions and that their long experience and our technology solutions and global reach would be of value to their customers.

It’s fantastic that the stars have aligned to enable this transaction and for us to build on the great work of the founders over the past 30 years.

We have recently setup an office in Amsterdam and combined with IDEST in Brussels will give us a very strong offering in the Benelux region.

Straker share price summary

Over the past 12 months, the Straker share price is up 16%, with these gains coming from the last week. The company’s shares have noticeably been treading higher since 23 December.

Based on valuation grounds, Straker commands a market capitalisation of roughly $113.76 million, with 67.51 million shares outstanding.

The post This just caused the Straker Translations (ASX:STG) share price to leap 9% appeared first on The Motley Fool Australia.

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• Happy new high! Pilbara Minerals (ASX:PLS) share price up another 7%
• Why is the Neometals (ASX:NMT) share price rocketing 16% today?
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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. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Straker Translations. 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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With most brokers still taking a well-earned break, broker notes are few and far between at present.

In light of this, listed below are a few recent broker recommendations that remain very relevant today. Here’s are three ASX shares rated as buys:

Accent Group Ltd (ASX: AX1)

According to a note out of UBS, its analysts have put a buy rating and $3.00 price target on this footwear retailer’s shares. UBS is bullish on Accent due to its positive long term outlook which is being underpinned by the expansion of its store network across numerous brands. The broker is expecting operating leverage to support its earnings growth in the future as its network grows. The Accent share price is trading at $2.45 on Tuesday.

CSL Limited (ASX: CSL)

A note out of Citi reveals that its analysts have put a buy rating and $340.00 price target on this biotherapeutics giant’s shares. The broker made the move in response to CSL’s acquisition of Vifor Pharma for ~US$17 billion. Citi appears supportive of the acquisition and expects it to be accretive to CSL’s earnings. Its analysts also highlight that management presented the transaction as being strategically aligned with the existing business. The CSL share price is fetching $293.11 today.

Newcrest Mining Ltd (ASX: NCM)

Analysts at UBS also have a buy rating and $27.00 price target on this gold miner’s shares. According to the note, the broker has lifted its long term gold price estimate to US$1,500 an ounce. Combined with its belief that Newcrest is better positioned for growth than some of its peers due to M&A and reinvestments, it feels this makes it a good option for investors looking for exposure to gold. The Newcrest share price is trading at $24.50 on Tuesday afternoon.

The post Leading brokers name 3 ASX shares to buy appeared first on The Motley Fool Australia.

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• Why did the CSL (ASX:CSL) share price go backwards in December?
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• Brokers name 3 ASX shares to buy

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. The Motley Fool Australia has recommended Accent Group. 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 Pilbara Minerals Ltd (ASX: PLS) share price seems to be the gift that just keeps on giving to its shareholders.

As we covered this morning, Pilbara ended up claiming the crown of the S&P/ASX 200 Index‘s (ASX: XJO) best performing share of 2021. Beating out Lynas Rare Earths Ltd (ASX: LYC) and GrainCorp Ltd (ASX: GNC), Pilbara shares gave investors a very pleasing 268% gain last year.

But that gain could just be the start for Pilbara, going by what is happening today. At the time of writing, Pilbara Minerals shares are up a whopping 7.19% at $3.43 a share. That comes after the company hit a new all-time high of $3.50 a share earlier this morning. Its gains over the past 12 months now stand at 295.4%.

So what’s up with Pilbara’s massive appreciation today?

Pilbara share price spikes, should investors thank Tesla?

Well, unfortunately, it’s not entirely clear. There has been no official news or announcements out of Pilbara so far this Tuesday. Or any other official developments to speak of.

However, there is one possible reason why investors are flocking to Pilbara shares today. And that would be Tesla Inc (NASDAQ: TSLA), the US electric battery and vehicle manufacturer headed by Elon Musk.

Overnight (our time), Tesla shares exploded higher, climbing a hefty 13.53% to US$1,199.78 a share. The catalyst for this explosive move was the company’s fourth-quarter vehicle delivery numbers. As our Fool colleagues over in the US reported this morning, Tesla delivered a record 308,600 vehicles over its fourth quarter, a healthy 71% year-on-year growth rate. That was a significant beat on the 263,000 average analyst forecast.

Now, you might be wondering what Tesla’s vehicle deliveries have to do with Pilbara Minerals. Well, Pilbara is in the business of lithium processing. And lithium happens to be the primary ingredient in the batteries that power Tesla vehicles. It’s possible that Tesla’s delivery numbers overnight have been taken as a huge boost for lithium companies like Pilbara, and are what’s behind this dramatic shift in sentiment for Pilbara shares.

Or it could just be that investors are banking on more of the same from Pilbara after the company’s stellar 2021. Whatever the reason, this company has had one of the best starts to 2022 on the ASX boards thus far. No doubt shareholders will be hoping that Pilbara keeps it coming.

At the current Pilbara Minerals share price, this ASX 200 lithium company has a market capitalisation of $10.3 billion.

The post Happy new high! Pilbara Minerals (ASX:PLS) share price up another 7% appeared first on The Motley Fool Australia.

More reading

• ASX 200 (ASX:XJO) midday update: Pilbara Minerals hits record high, energy shares rise
• These were the 5 best performing ASX 200 shares in 2021
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• These were the best performing ASX 200 shares last week
• ASX 200 falls on Friday but records 13% gain in 2021

Motley Fool contributor Sebastian Bowen owns Tesla. 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 Neometals Limited (ASX: NMT) share price is leading the majors today, trading 16% higher at $1.65 apiece.

While there’s been no price sensitive information out of Neometals’ corner today, investors have been riding the wave of momentum in its share price since late December.

After a collection of announcements, the Neometals share price closed the year almost 500% in the green at $1.42, jumping 40% in the final days of December alone.

Why is the Neometals share price charging higher today?

There’s nothing remarkable out of Neometals’ camp today although it seems momentum from the final session of 2021 is spilling over into the new year.

Early in the session today, the volume of Neometals shares traded is already at 123% of its 4-week average – and that figure has been climbing rapidly too.

Last week, investors reacted well to an announcement from the company regarding Primobius, its 50/50 joint venture (JV) with SMS group GmbH.

The company advised its JV has executed binding option and licensing agreements with Stelco, a subsidiary of Stelco Holdings Inc (TSX: STLC), a Canadian steelmaking company listed on the Toronto Stock Exchange.

Stelco is a leading supplier of steel to automotive markets and consumes scrap as part of its steel manufacturing process.

Neometals reckons the venture “presents the perfect opportunity for Primobius to enter the North American market as partners”.

The group had already entered into an agreement earlier in 2021 to evaluate lithium-ion battery recycling operations.

After reaching binding formal arrangements, Primobius has exclusively licensed its battery recycling technology to a special purpose vehicle (SPV) focused on end-of-life vehicle battery processing.

Primobius can also acquire a 25-50% equity stake in the SPV under certain stipulations through another option agreement.

Neometals claims the venture will help meet the demand for an anticipated surge in end-of-life electric vehicle batteries originating from the ”world’s fastest-growing cell making jurisdiction”.

Managing director Chris Reed said the company was “understandably excited” by Primobius’ commercial progress.

Neometals share price snapshot

The Neometals share price finished the year up more than 500% over the past 12 months and is now up almost 43% in the last single-month period.

Investors have latched onto the company this past week and have spiked shares more than 52% in that time.

The post Why is the Neometals (ASX:NMT) share price rocketing 16% today? appeared first on The Motley Fool Australia.

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The author has no positions 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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