Tag: Motley Fool

Luckily for income investors in this low interest rate environment, the ASX 200 is home to a number of quality shares that are forecast to pay generous dividends in the near term.

Two ASX 200 dividend shares that could be in the buy zone are listed below:

BHP Group Ltd (ASX: BHP)

The first ASX 200 dividend share for income investors to look at is BHP. This mining giant could be a great option due to its very positive dividend outlook for the coming years.

BHP’s positive outlook is being underpinned by its world class operations, favourable commodity prices, and strong balance sheet. These have positioned BHP to return the majority of its significant free cash flow to shareholders in the near term.

One broker that expects this to be the case is Macquarie. Its analysts are bullish on BHP due partly to iron ore prices, which are well ahead of consensus forecasts. Macquarie has an outperform rating and $60.00 price target on the company’s shares.

As for dividends, Macquarie is forecasting fully franked dividends of ~$3.72 in FY 2021 and $3.61 per share in FY 2022. Based on the latest BHP share price of $53.36, this will mean generous yields of 7% and 6.8% over the next two years.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share to look at is Telstra. This is thanks to its increasingly positive outlook from its 5G leadership, cost cutting, rational competition, and its corporate restructure and asset monetisation plans.

And although the Telstra share price has been in fine form this year, a number of analysts still see a lot of value in it.

For example, Goldman Sachs remains very positive on Telstra and currently has a buy rating and $4.20 price target on its shares. The broker also believes the telco giant is well-placed to continue paying its current 16 cents per share fully franked dividend until FY 2023. After which, the broker is forecasting a long-awaited dividend increase to 18 cents per share in FY 2024.

Based on the Telstra share price of $3.80, this will mean yields of 4.2% until FY 2023 and then 4.7% in FY 2024.

The post 2 highly rated ASX 200 dividend shares that could be buys appeared first on The Motley Fool Australia.

More reading

• These 3 ASX 200 shares were the most heavily traded today
• Fortescue (ASX:FMG) share price within arms’ reach of all-time highs
• BHP (ASX:BHP) share price hits new all-time high on Tuesday
• Lynas share price soars, BHP and Rio on watch, A2 on the naughty list. Scott Phillips on Nine’s Late News
• The Telstra (ASX:TLS) share price is down 35% in 5 years. But have the dividends paid off?

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 owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3x5Iyxz

On Tuesday the S&P/ASX 200 Index (ASX: XJO) was on form and charged higher. The benchmark index ended the day 0.5% higher at 7,431.4 points.

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

ASX 200 futures pointing lower

The Australian share market is poised give back some of its gains on Wednesday. This follows a poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 21 points or 0.3% lower this morning. On Wall Street, the Dow Jones fell 0.25%, the S&P 500 dropped 0.5%, and the Nasdaq tumbled 1.2%.

Virgin Money UK Q3 update

The Virgin Money UK CDI (ASX: VUK) share price could push higher today following the after-hours release of its third quarter update. The UK bank reported a 0.7% increase in mortgages to 58.7 billion pounds and a 2.5% lift in personal lending to 5.2 billion pounds. Another positive was a small increase in its net interest margin to 168bps. Virgin Money shares on the London Stock Exchange rose 2% overnight, compared to a 0.4% decline by the FTSE.

Oil prices mixed

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) will be on watch on Wednesday after a mixed night for oil prices. According to Bloomberg, the WTI crude oil price is down 0.2% to US$71.79 a barrel and the Brent crude oil price is up 0.1% to US$74.58 a barrel. Undersupply forecasts were offset by COVID concerns.

Oil Search given buy rating

The Oil Search Ltd (ASX: OSH) share price could be in the buy zone according to analysts at Goldman Sachs. This morning the broker put a buy rating and $5.15 price target on the energy producer’s shares following its second quarter update. Goldman said: “OSH retains the highest oil-beta in the sector and the strong oil price outlook helps to reduce balance sheet concerns, where we expect FCF yield of ~15%, which may be a further driver of corporate appeal.”

Gold price flat

Gold miners Evolution Mining Ltd (ASX: EVN) and Newcrest Mining Limited (ASX: NCM) will be on watch after the gold price traded flat. According to CNBC, the spot gold price is fetching US$1,799.7 an ounce. Traders are awaiting comments from the US Federal Reserve when it emerges from its two-day meeting on Wednesday.

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

More reading

• ASX 200 rises, Temple & Webster surges, Japara soars
• These 3 ASX 200 shares were the most heavily traded today
• World’s largest fund manager says ASX volatility a great buying opportunity
• Own Santos (ASX:STO) shares? What to look out for this reporting season
• ASX 200 midday update: BlueScope & OZ Minerals updates impress

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/3i7sTcK

The Insurance Australia Group Ltd (ASX: IAG) share price has been a mixed performer in 2021

Since the start of the year, the insurance giant’s shares have risen 5%.

This means the IAG share price is trailing the S&P/ASX 200 Index (ASX: XJO), which is up 11% year to date.

Is the IAG share price underperformance a buying opportunity?

The team at Goldman Sachs has been looking over IAG’s preliminary full year result to see if there’s an investment opportunity here.

At this point, its analysts are sitting on the fence and have retained their neutral rating and trimmed the price target on the insurance giant’s shares to $5.41.

Based on the current IAG share price of $4.95, this implies potential upside of 9.3% over the next 12 months excluding dividends.

And with Goldman forecasting a partially franked 4.9% dividend yield in FY 2022, this will mean a total potential return of over 14%. Not too shabby for a neutral rating.

What did Goldman say?

Goldman Sachs appears to be concerned mainly by lingering reserve strengthening and its valuation in comparison to industry peer Suncorp Group Ltd (ASX: SUN).

It commented: “IAG’s overriding message was that the management team have building confidence in the outlook, and to this end we didn’t feel the market was expecting margin guidance to be reinstated, or scenarios where a result >15% was feasible. Nonetheless a third consecutive period impacted by reserve strengthening, alongside margin targets which still appear fairly one-dimensional in domestic commercial repricing aren’t immediately enticing (given poor results to-date).”

“On balance, we downgrade our FY21-FY23 cash EPS by 2%/4%/2%, and as a result our 12m TP shifts to A$5.41 from A$5.66. This leaves IAG is trading at 18.3x our 12m fwd EPS, broadly in line with its five year average and c.3 PE points above SUN (if we adjust for SUN’s FY22 one-off costs), also broadly in line with its five year average premium,” it concluded.

Goldman currently has a buy rating and $12.87 price target on Suncorp shares.

The post Is the IAG (ASX:IAG) share price in the buy zone? appeared first on The Motley Fool Australia.

More reading

• Own IAG (ASX:IAG) shares? Here’s what to look for during reporting season
• 5 things to watch on the ASX 200 on Monday
• ASX 200 midday update: Crown-Star merger talks end, Evolution jumps
• IAG (ASX:IAG) share price drops on FY 2021 update and guidance
• IAG (ASX:IAG) share price climbs on new leadership appointment

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 owns shares of and has recommended Insurance Australia 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/3l0P7Py

Are you looking for some excellent ASX dividend shares to add to your income portfolio?

Then you might want to look at the ones listed below. Here’s what you need to know about these dividend shares:

Fortescue Metals Group Limited (ASX: FMG)

The first ASX dividend share to look at is Fortescue. It is one of the world’s largest producers of iron ore, with world class operations across the Pilbara region in Western Australia.

Fortescue has been tipped to reward shareholders with very generous dividends in the near term thanks to the sky high iron ore price and its low cost guidance of US$13.50 to US$14.00 per wet metric tonne.

Ord Minnett is very positive on the company and is forecasting fully franked dividends of $3.33 per share in FY 2021 and $2.90 per share in FY 2022. With the Fortescue share price currently fetching $25.82, this will mean massive dividend yields of 12.9% and 11.2%, respectively.

Its analysts have a buy rating and $30.00 price target on the company’s shares.

Stockland Corporation Ltd (ASX: SGP)

Another ASX dividend share to look at is Stockland. It is a property company which owns, manages and develops a diverse range of property assets. These include retirement villages, retail centres, business parks, offices, and logistics centres.

It also just has announced a binding agreement to acquire Queensland based Halcyon Group’s land lease communities business for $620 million. This comprises 3,800 sites across 13 land lease communities, made up of six established land lease communities, four communities in development, and three projects in planning.

Morgan Stanley is feeling bullish about Stockland and currently has an overweight rating and $5.00 price target on its shares.

Its analysts are also forecasting some generous distributions in the near term. Morgan Stanley has pencilled in distributions of 24.6 cents per share in FY 2021 and then 26.6 cents per share in FY 2022. Based on the current Stockland share price of $4.37, this will mean yields of 5.6% and 6.1%, respectively.

The post 2 quality ASX dividend shares with big yields appeared first on The Motley Fool Australia.

More reading

• Fortescue (ASX:FMG) share price within arms’ reach of all-time highs
• What to expect from the ASX 200 during earnings season
• ASX 200 Weekly Wrap: Just like that… ASX back to record highs
• Why investors are looking at the Fortescue (ASX:FMG) share price
• 2 buy-rated ASX dividend shares with big fully franked yields

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/3l870fg

The latest company gaining the backing of National Australia Bank Ltd’s (ASX: NAB) NAB Ventures is pocket money app for kids, Spriggy.

Founders Alex Badran and Mario Hasanakos announced today that Spriggy raised $35 million in its series-B funding round.

The funds will be put towards the company’s growth plans, which require more dedicated designers, engineers, and problem solvers.

Spriggy springs from financial education

A Sydney-based startup in the fintech space — that’s a line we tend to hear a lot. However, where Spriggy differs is the demographic it’s aimed towards.

Now boasting more than 400,000 mums, dads, grandparents, and kids, the company offers an app that gives kids the opportunity to explore and learn finances while maintaining some parental controls.

Through the app, parents can stipulate pocket money for jobs, create savings goals, and monitor spending. Whereas on the kids’ side, the app offers a means of learning about money (whether earning, saving, or spending it) in the modern world.

Do your kids think money grows on trees?

Learning how to earn money from a young age will teach them how to handle money with confidence in the future.

Use Spriggy Jobs to teach your kids how to earn money around the house. Follow these steps and get them set up today! pic.twitter.com/TMEANAY8kX

— Spriggy (@spriggyofficial) June 15, 2021

https://platform.twitter.com/widgets.js

Spriggy’s co-founder and co-CEO Mario Hasanakos said:

The biggest pain point or mistake we see is parents forgetting to pay pocket money because they don’t have cash on them, or they’re just busy running the household… That means the child doesn’t have regular exposure to money and then they don’t build those regular habits over time.

The company makes money by charging a membership fee of $30 per child per year. This single fee enables card locking, automatic payments, merchant restrictions, and more.

NAB Ventures funding outside the ASX

According to the announcement, NAB Ventures is the newest investor in Spriggy. Existing investors Grok Ventures and Perennial Value Management also took part in the $35 million funding round.

Furthermore, the funding will help the company expand upon its current feature set across a two-year period. From inspecting the company’s website, it appears it is also moving into investing with Spriggy Invest.

NAB Ventures managing director Todd Forrest explained why the venture arm of the ASX-listed big four bank is investing in Spriggy.

It’s so easy for young people to set up 10 different accounts, trade on credit and they can lose their money so quickly. That’s why we’re investing in Spriggy, which is building tools for young people to manage money in a completely digital environment, which is exactly how it works for adults.

Todd Forrest

Mr Forrest also mentioned it is a strategic investment for NAB Ventures. He added it could bring the app to its members of the ASX-listed bank, NAB.

The post Meet Spriggy, NAB Ventures’ latest investment outside the ASX appeared first on The Motley Fool Australia.

More reading

• Own NAB (ASX:NAB) shares? Here’s what to look for during reporting season
• ASX 200 Weekly Wrap: Just like that… ASX back to record highs
• Here are 2 ASX dividend shares analysts rate as buys
• It hasn’t been a great month so far for the NAB share price
• ANZ’s (ASX:ANZ) $1.5bn buyback puts other ASX 200 banks under capital return spotlight

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.

from The Motley Fool Australia https://ift.tt/3BIvf9P

One of the best performers on the All Ordinaries index on Tuesday was the Temple & Webster Group Ltd (ASX: TPW) share price.

The online furniture and homewares retailer’s shares surged as much as 15% higher to $13.33 at one stage.

The Temple & Webster share price ultimately gave back some of these gains but still ended the day 7.5% higher at $12.47.

Why was the Temple & Webster share price racing higher?

Investors were bidding the Temple & Webster share price today following the release of its full year results.

That release revealed that the company’s strong form continued in FY 2021, with record revenue, profits, and customer numbers.

For the 12 months ended 30 June, Temple & Webster delivered an 85% increase in revenue to $326.3 million and a 141% jump in EBITDA to $20.5 million. The latter would have been even stronger had it not been for a one-off distribution cost of $2.9 million related to shortages in available 3PL space and port related issues. These issues have now been resolved.

What else?

Also supporting the Temple & Webster share price was management’s update on its performance so far in FY 2022.

It advised that the company’s revenue between 1 July to 24 July had grown by 39% compared to the prior corresponding period. This is particularly impressive given the strong sales it was cycling during this period.

Management chat

I was fortunate to have a chance to speak with Temple & Webster’s CEO Mark Coulter and CFO Mark Taylor following the release.

Mr Coulter appeared rightfully pleased with the FY 2021 result and spoke very positively about the future.

He highlighted the company’s leadership position in an online furniture and homewares market which is still in the early stages of its shift online.

In fact, you only need to look at the US market to see just how far behind Australia is and how much of a runway for growth Temple & Webster has.

At present, approximately 25% of US furniture and homeware sales are made online. Whereas in Australia, an estimated 7% to 9% of sales industry sales were made online in 2020.

As adoption increases, Temple & Webster stands to benefit greatly. Which is why the company is accelerating its investment in future growth to take market share. This is with the ultimate goal of becoming the largest retailer (online and offline) for furniture and homewares in Australia.

The Temple & Webster share price is up 51% since this time last year.

The post Why the Temple & Webster (ASX:TPW) share price zoomed 15% higher appeared first on The Motley Fool Australia.

More reading

• ASX 200 rises, Temple & Webster surges, Japara soars
• Why BlueScope, Japara, OZ Minerals, & Temple & Webster are storming higher
• 2 top ASX growth shares reporting strong growth
• Temple & Webster (ASX:TPW) share price charges 7% higher on strong FY 2021 result
• 3 reasons why the Temple & Webster (ASX:TPW) share price could be a 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 shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. 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/3i6kNkH

The S&P/ASX 200 Index (ASX: XJO) rose by 0.5% today to 7,431 points.

Here are some of the highlights from the ASX:

Temple & Webster Group Ltd (ASX: TPW)

The Temple & Webster share price finished the day higher by around 7.4%. The online furniture and homewares business reported its FY21 result.

The company revealed a record year for revenue profit and customers. Revenue went up 85% year on year to $326.3 million. Temple & Webster’s final three months still saw “strong” sales year on year growth of 26% despite the prior corresponding period’s e-commerce boom.

Temple & Webster’s earnings before interest, tax, depreciation and amortisation (EBITDA) went up 141% to $20.5 million.

Active customers went up by 62% in the 12 months to 30 June 2021 to 778,000.

The trade and commercial division saw revenue rise by 110% year on year.

The business revealed that it saw revenue per active customer increase by 12% compared to FY20 because of customers buying more often and spending more when they do purchase.

The first few weeks of FY22 has seen revenue grow by 39% year on year for the period of 1 July to 24 July 2021.

The Temple & Webster CEO Mark Coulter said:

While lockdowns during FY20 and FY21 have accelerated the underlying shift from offline to online, pleasingly we continue to see strong growth even when comparing against COVID impacted numbers.

While the start of FY22 has been difficult for many Australians, we remain focused on delivering a great experience for our customers, built around the biggest and best range of furniture and homewares, combined with inspirational content and services and a great delivery experience and customer service.

Japara Healthcare Ltd (ASX: JHC)

The Japara Healthcare share price jumped 18% after announcing it was accepting a takeover bid.

Japara announced it has entered into a scheme implementation deed (SID) with Little Company of Mary Health Care Ltd (Calvary).

The takeover price is $1.40 cash per share and Japara’s board of directors have unanimously recommended the deal, assuming a better offer doesn’t come in and an independent expert concludes the offer is good for shareholders.

This offer was a premium of 75% to the last undisturbed closing price of Japara on 29 April 2021 of $0.80.

BlueScope Steel Limited (ASX: BSL)

The BlueScope Steel share price jumped around 6.4% today after providing an update. It was one of the best performers in the ASX 200

It said that it expects preliminary unaudited underlying earnings before interest and tax (EBIT) for FY21 to be approximately $1.72 billion. The record second half contribution is expected to be approximately $1.19 billion, compared to previous guidance of $1 billion to $1.08 billion.

Since the ASX 200 company’s market update on 27 April, there have been two significant contributors that the company pointed to that helped performance. First, the US Midwest benchmark HRC steel prices continued to increase, surpassing prior expectations and favourably impacted realised prices at North Star and the North America coated business. Second, there has been stronger demand and realised spreads in Australia and New Zealand.

BlueScope managing director and CEO Mark Vassella said:

The business has gone from strength to strength in the second half of FY21, and all operating segments have delivered significantly better results than FY20.

The results reflect the positive macroeconomic environment with strong demand for our products, and the quality of our diverse portfolio.

While the COVID challenge remains, our performance is a great tribute to the professionalism and dedication of the entire BlueScope team who have operated with great resilience through the pandemic.

The post ASX 200 rises, Temple & Webster surges, Japara soars appeared first on The Motley Fool Australia.

More reading

• World’s largest fund manager says ASX volatility a great buying opportunity
• Why BlueScope, Japara, OZ Minerals, & Temple & Webster are storming higher
• ASX 200 midday update: BlueScope & OZ Minerals updates impress
• Japara (ASX:JHC) share price soars 18% on takeover news
• 2 top ASX growth shares reporting strong growth

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 shares of and has recommended Temple & Webster Group Ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. 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/3x87HHO

Shares in EcoGraf Ltd (ASX: EGR) kicked more than 5% higher in today’s trading session.

The EcoGraf share price received a boost after the company released an update earlier today.

At market close, shares in the company are trading around 1.5% higher at 70 cents. The EcoGraf share price was up more than 5% earlier, after hitting an intra-day high of 72.5 cents.

Here’s what the company had to announce.

EcoGraf share price lifts on positive lithium-ion battery results

Before the market open, EcoGraf released results for its recycled lithium-ion battery anode.

The company noted that the results are a significant achievement and in line with major lithium-ion battery specifications.

EcoGraf noted that the purified carbon anode material is a high value finished product. The anode is made up of both natural and synthetic graphite, representing over half the raw materials in a lithium-ion battery.

According to EcoGraf, recycling the material would provide significant benefits to battery manufacturers. Key benefits include lowering battery unit costs and reducing carbon emissions.

In the announcement, EcoGraf noted that SungEel will submit the purified product to the South Korean lithium-ion battery manufacturer for battery cell tests.

More on EcoGraf

EcoGraf is a diversified battery anode material company that aims to produce high purity graphite products for the lithium-ion battery market.

The company currently has a processing facility in Western Australia that manufactures graphite products for export. In its manufacturing process, EcoGraf uses an environmentally responsible HFfree purification technology.

In addition, the company is also in the process of developing its Epanko Graphite Project in Tanzania.

The company is currently working closely with recycling group SungEel to include its tailored EcoGraf recycling process in their recycling plants.

Snapshot of the EcoGraf share price

Notwithstanding a stellar start to the year, the EcoGraf share price has been rather volatile in 2021.

Shares in the battery material company opened the year at around 16.5 cents, before hitting a high of $1.07 in mid-February.

Since then, the EcoGraf share price has troughed and peaked in a wide trading range.

Despite the volatility, shares in EcoGraf are trading more than 309% higher for the year.

The post EcoGraf (ASX:EGR) share price lifts 5% on lithium update appeared first on The Motley Fool Australia.

More reading

• Why the Ecograf (ASX:EGR) share price is soaring 16% today
• Here’s why the Ecograf (ASX:EGR) share price is up 8% today
• Why the Novonix (ASX:NVX) share price rocketed 16% today

Motley Fool contributor Nikhil Gangaram 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/3BJO5xg

The S&P/ASX 200 Index (ASX: XJO) has had a great day on the markets today. The ASX 200 closed up a very healthy 0.5% to 7,431.4 points after hitting 7,447.9 earlier in the day – a new all-time record high.

So let’s now take a look at how some of the ASX 200 shares are faring today in terms of trading volume:

3 ASX 200 shares that are the most heavily traded today

Telstra Corporation Ltd (ASX: TLS)

ASX 200 telco Telstra is our first ASX share to examine today. Telstra has seen a hefty 13.93 million of its own shares trade this Tuesday. This might be the result of the Telstra share price itself, which finished up 1.6% to equal its 52-week high of $3.80 a share.

There has been no major news or announcements out of the telco today. But as Telstra is a large ASX 200 company by market capitalisation, but with a relatively low share price, we often see trading volume of this magnitude from seemingly small share price movements.

Scentre Group (ASX: SCG)

Real Estate Investment Trust (REIT) Scentre Group is our second ASX 200 share that traded heavily today, with 14.15 million shares changing hands. Again, there is no major news or announcements out of this shopping centre operator today. However, Scentre shares are staging something of a recovery today after yesterday’s near 4% sell off.

At market close, Scentre is back up 1.21% today to $2.50 a share. It might be the whipsaw selling-then-buying dynamic playing out that is behind the surge in trading volumes we are seeing with this ASX REIT today.

Silver Lake Resources Limited (ASX: SLR)

And the ASX 200’s top share trading volume today is gold producer Silver Lake. Some 15.48 million Silver Lake shares swapped owners this Tuesday. And just like yesterday, this is probably the result of the Silver Lake share price’s miserly performance.

Silver Lake shares fnished down a nasty 2.36% today to $1.45 a share. This company is now down an even nastier 21% over the past 5 trading days.

What’s to blame? It seems like it’s Silver Lake’s quarterly report, released last week, that is the source of this market pessimism.

The post These 3 ASX 200 shares are the most heavily traded today appeared first on The Motley Fool Australia.

More reading

• World’s largest fund manager says ASX volatility a great buying opportunity
• ASX 200 midday update: BlueScope & OZ Minerals updates impress
• The Telstra (ASX:TLS) share price is down 35% in 5 years. But have the dividends paid off?
• 5 things to watch on the ASX 200 on Tuesday
• ASX 200 flat, Lynas soars, City Chic jumps

Motley Fool contributor Sebastian Bowen owns shares of Telstra Corporation Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

from The Motley Fool Australia https://ift.tt/3zFppnT

It hasn’t been the best year for ASX gold shares so far.

In fact, 23 out of the 32 shares listed on the All Ordinaries Index (ASX: XAO) that are primarily focused on gold exploration and production are in the red for 2021.

That leaves just 9 ASX gold shares returning a profit to shareholders this calendar year.

The best performing of the ASX gold shares in 2021

Hands down the best performing of the ASX gold shares so far this year is Chalice Mining Ltd (ASX: CHN).

The Chalice Mining share price is up 75% year-to-date. That’s more than double the second best performing gold miner, Auteco Minerals Ltd (ASX: AUT), up 21% this calendar year.

Unlike Auteco, which is down 33% over the past full year, Chalice Mining’s shares also top the 12-month leader board for ASX gold shares, having gained 571% since this time last year.

Chalice Mining’s share price has gone higher in part due to substantial success at its Julimar project in Western Australia.

Now, next year Chalice may no longer be eligible for this list. It’s not because I’m speculating on how its share price may move. But because the company is looking to demerge its gold assets and turn them into a new ASX-listed company.

For today, however, Chalice Mining is our number one performer in the segment.

On the other end of the scale…

At the bottom end of the ASX gold shares performance list is Ora Banda Mining Ltd (ASX: OBM).

The gold explorer and producer operates within Australia and owns an interest in the Davyhurst Project within the Eastern Goldfields of Western Australia.

Since the closing bell on 30 December 2020, the Ora Banda share price has fallen 56%. The company also holds the unfortunate position as the worst performer over the past 12 months, with shares down 65% since this time last year.

The Ora Banda share price came under renewed pressure on 8 June, after the company raised $21 million in capital via a share placement at a 17% discount to the going share price at the time. Shares fell more than 12% following the announcement.

How has gold moved this year?

Many factors determine the price of ASX gold shares.

High among these, as you’d expect, is the price of gold.

While gold prices climbed from early April through to early June, the yellow metal is still trading 5.1% below where it was on 1 January and 7.9% below 5 January levels.

At time of writing, one ounce of gold is worth US$1,797.36 per troy ounce.

The post The best and worst ASX gold shares to own so far in 2021 appeared first on The Motley Fool Australia.

More reading

• The Chalice Mining (ASX:CHN) share price is falling 8% today
• The 5 best ASX shares of FY21 revealed
• Chalice Mining (ASX:CHN) share price flops on demerger of gold assets
• Why a2 Milk, Chalice Mining, IDP Education, & Imugene are charging higher
• Here are the 5 best performing ASX All Ords shares from FY21

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/3f1vuD9