Tag: Motley Fool

  • Big yields and even bigger gains lie ahead for these ASX 200 shares: analysts

    A man in suit and tie is smug about his suitcase bursting with cash.

    A man in suit and tie is smug about his suitcase bursting with cash.

    While the Australian share market typically provides investors with an average dividend yield of 4%, income investors don’t have to settle for that because of the ASX 200 shares listed below.

    Here are two ASX 200 shares with big forecast yields and even bigger upside potential:

    Charter Hall Retail REIT (ASX: CQR)

    Analysts at Citi are positive on this supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company. They note that the company has “defensive net property income growth despite rising interest rate profile.”

    As a result, last month, the broker put a buy rating and $4.50 price target on its shares. This implies potential upside of 14.5% based on the current Charter Hall Retail REIT share price of $3.93.

    In addition, Citi is expecting the company to be in a position to increase its dividend to 26 cents per share in FY 2023 and then maintain it at this level in FY 2024. This will mean very generous yields of 6.6% for investors.

    Pilbara Minerals Ltd (ASX: PLS)

    Thanks to strong lithium prices, this mining company could be destined to pay some big dividends in the coming years. That’s the view of the team at Macquarie, which expect this ASX 200 lithium giant to return a good portion of its bountiful free cash flow to shareholders this year.

    The broker is forecasting a 45 cents per share dividend in FY 2023 and a 34 cents per share dividend in FY 2024. Based on the latest Pilbara Minerals share price of $4.19, this equates to yields of 10.7% and 8.1%, respectively.

    And with Macquarie having an outperform rating and $7.70 price target on Pilbara Minerals’ shares, this suggests potential upside of almost 84%.

    The post Big yields and even bigger gains lie ahead for these ASX 200 shares: analysts appeared first on The Motley Fool Australia.

    Looking to buy dividend shares to help fight inflation?

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    *Returns as of March 1 2023

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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 Scott Phillips.

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  • 2 ASX growth shares to buy: Goldman Sachs

    A man sees some good news on his phone and gives a little cheer.

    A man sees some good news on his phone and gives a little cheer.

    Are you wanting to add a growth share or two to your portfolio?

    If you are, then analysts at Goldman Sachs think the two listed below could be worth considering. Here’s why these growth shares are rated as buys:

    Aristocrat Leisure Limited (ASX: ALL)

    Aristocrat could be an ASX growth share to buy according to the broker. It is a gaming technology company best-known for its industry-leading poker machines. But it also has a lucrative digital business, named Pixel United, and recently expanded into the merging real money gaming market with a deal with BetMGM.

    In addition, management invests heavily in research and development each year to cement its leadership position and position it for growth.

    Goldman Sachs is confident in the company’s outlook and has put a buy rating and $42.80 price target on its shares. It commented:

    We view ALL as strategically the most diversified, holding a top 3 spot in slot machine sales in the US, having a strong digital gaming offering, and now launching into the growing iGaming market. While short-term headwinds persist in the form of supply chain, spend for longer term growth etc., we believe that the longer-term growth outlook remains strong.

    Temple & Webster Group Ltd (ASX: TPW)

    Another ASX growth share that Goldman Sachs is bullish on is Temple & Webster. It is Australia’s leading pure-play online retailer of furniture and homewares.

    Goldman currently has a buy rating and $6.50 price target on the company’s shares.

    The broker believes the company is well-placed to be a big winner from the shift to online shopping. Especially given that the shift is still in its infancy for Temple & Webster’s target categories. It commented:

    We believe TPW is well positioned in the upcoming cycle to continue to grow market share, despite a weaker macro environment. In our view TPW is best placed to be a winner in a category that favours scale players, requires a specialised approach to e-commerce, and has higher barriers to entry vs. other retail categories; and greater focus on costs is a sensible strategy to balance near-term profitability with growth.

    The post 2 ASX growth shares to buy: Goldman Sachs appeared first on The Motley Fool Australia.

    FREE Beginners Investing Guide

    Despite what some people may say – we believe investing in shares doesn’t have to be overwhelming or complicated…

    For over a decade, we’ve been helping everyday Aussies get started on their journey.

    And to help even more people cut through some of the confusion “experts’” seem to want to perpetuate – we’ve created a brand-new “how to” guide.

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    *Returns as of March 1 2023

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Temple & Webster Group. The Motley Fool Australia has recommended Temple & Webster Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Down 17% in 2 days, has the dream run for Weebit Nano shares finally ended?

    A man yells as his virtual reality headset and earphones tumble to the floor.A man yells as his virtual reality headset and earphones tumble to the floor.

    Weebit Nano Ltd (ASX: WBT) shares have had an extraordinary run lately.

    The stock has risen by an astounding 94.5% in the year to date. But that incredible tear may have come to an end this week.

    Over the past two days, the ASX tech share has fallen by 17.14%. Weebit Nano shares closed the week at $6.77, down 6.1% for the day on Friday.

    Let’s see what’s happened over the past two days.

    What’s put the brakes on Weebit Nano shares?

    There has been no news from the semiconductor technology company since Monday, when it released its US roadshow presentation.

    In the week before, the company released its half-year results. It reported no revenue and a $22.3 million loss due to ongoing research and development costs, up 3.5% on the prior corresponding period.

    Weebit management said the company had “achieved several key technical and commercial milestones” during the half, and it expected to bring in its first revenue later this year.

    Looking at the broader tech sector’s performance over the past two days for insights, the S&P/ASX 200 Information Technology Index (ASX: XIJ) has fallen slightly by 0.93%.

    The S&P/ASX All Ordinaries Index (ASX: XAO) has gone up by 0.22%.

    So, in all likelihood, the pullback in Weebit Nano shares is likely due to some investors taking profits.

    The post Down 17% in 2 days, has the dream run for Weebit Nano shares finally ended? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Weebit Nano Limited right now?

    Before you consider Weebit Nano Limited, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Weebit Nano Limited wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of March 1 2023

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    Motley Fool contributor Bronwyn Allen 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 Scott Phillips.

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  • Zip share price gains amid global asset sale

    a man sits in unhappy contemplation staring at his computer on his desk in a home environment, propping his chin on his hand.a man sits in unhappy contemplation staring at his computer on his desk in a home environment, propping his chin on his hand.

    The Zip Co Ltd (ASX: ZIP) share price closed higher today as the buy now, pay later (BNPL) company prepares to exit more international markets and sell off the associated assets.

    In 1H FY23, Zip decided to abandon its ambitious plans to create a global payments empire amid significant pressure from stakeholders following a gut-wrenching decline in the share price.

    Over the past two years, the Zip share price has declined by more than 95%.

    It has fallen from a peak of $13.05 in February 2021 to a trough of 43.5 cents in June 2022.

    Today, the Zip share price closed the session in the green, up 0.38% to 53 cents.

    Let’s delve into Zip’s plans for divestment.

    Asset sales will ‘neutralise cash burn’

    The company is preparing to exit more regions in its ‘rest-of-market’ network after previously announcing the closure of operations in Singapore, the United Kingdom, Mexico, and the Middle East.

    Last week at its 1H FY23 results presentation, Zip announced it was exiting more markets. It will soon sell or end operations in India, the Philippines, Turkey, the Czech Republic, South Africa, and Poland.

    That means the company will exit 10 out of 14 regions, so it can solely focus on Australia, New Zealand, the United States, and Canada.

    This is part of a broader plan previously announced by the BNPL operator to achieve positive cash flow by the 1H FY24.

    In its 1H FY23 statement released last week, Zip said:

    The Company will take actions to divest, restructure or wind down these businesses, which is expected to neutralise cash burn and deliver additional cash inflows during 2H23, contributing directly to the group’s available cash and liquidity.

    Zip CEO Larry Diamond said:

    [The asset sales will] deliver cash inflows during the second half of FY23 and neutralise the cash burn in these markets. With these proceeds and the improvements we are seeing in the core business, we have sufficient cash and liquidity to deliver on our target of group positive cash EBTDA during HY24.

    According to Bloomberg, Zip is working with advisory firms to arrange the asset sales.

    In a video interview in New York, Diamond said the asset sales should be completed by the end of FY23.

    Diamond said:

    We expect significant inflows from those regional sales. We are well progressed.

    It’s been a tough six to 12 months to reach that conclusion [to close operations in six more regions].

    But we are also pragmatic and realistic about our position; those markets would’ve taken three to four years to achieve profitability.

    The post Zip share price gains amid global asset sale appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Zip Co right now?

    Before you consider Zip Co, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Zip Co wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of March 1 2023

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    Motley Fool contributor Bronwyn Allen has positions in Zip Co. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Zip Co. 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 Scott Phillips.

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  • Here are the top 10 ASX 200 shares today

    Top ten gold trophy.Top ten gold trophy.

    The S&P/ASX 200 Index (ASX: XJO) ended the week on a high, gaining 0.39% to close at 7,283.6 points. That sees it having recovered all but 0.29% of Monday’s losses.

    Helping it along on Friday was the S&P/ASX 200 Communications Index (ASX: XTJ). It rose 0.9%.

    Bank stocks also had a good run into the weekend, with the S&P/ASX 200 Financials Index (ASX: XFJ) lifting 0.5%.

    Meanwhile, mining giants helped drive the S&P/ASX 200 Materials Index (ASX: XMJ) 0.5% higher.

    On the other hand, the S&P/ASX 200 Real Estate Index (ASX: XRE) was the worst performer, falling 0.3%.

    So, with most of the market trading in the green on Friday, which ASX 200 share posted the biggest gains? Let’s take a look.

    Top 10 ASX 200 shares countdown

    Taking out the index’s top spot today was the Liontown Resources Ltd (ASX: LTR) share price.

    It roared 13% higher to close at $1.63 on Friday. And that could be just the beginning if Bell Potter is to be believed. The broker recently tipped the lithium hopeful’s stock to soar to $2.81, my Fool colleague James reports.

    These shares made today’s biggest gains:

    ASX-listed company Share price Price change
    Liontown Resources Ltd (ASX: LTR) $1.63 13.19%
    Ramelius Resources Ltd (ASX: RMS) $1.04 5.58%
    Newell Brands Inc (ASX: NWL) $13.56 4.95%
    Block Inc (ASX: SQ2) $114.24 2.92%
    Pilbara Minerals Ltd (ASX: PLS) $4.18 2.45%
    Allkem Ltd (ASX: AKE) $12.36 2.15%
    Chalice Mining Ltd (ASX: CHN) $6.65 1.99%
    Domain Holdings Australia Ltd (ASX: DHG) $3.10 1.97%
    Perseus Mining Limited (ASX: PRU) $2.18 1.87%
    Smartgroup Corporation Ltd (ASX: SIQ) $6.60 1.85%

    Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

    The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of March 1 2023

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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 positions in and has recommended Block and Netwealth Group. The Motley Fool Australia has positions in and has recommended Block, Netwealth Group, and Smartgroup. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Why is the Liontown share price roaring 12% higher today?

    a man sits on a rocket propelled office chair and flies high above a citya man sits on a rocket propelled office chair and flies high above a city

    It’s been a very positive day indeed for ASX shares and the S&P/ASX 200 Index (ASX: XJO) this Friday. As we barrel towards the weekend, the ASX 200 has put on a healthy 0.42% at the time of writing, placing the index at just under 7,290 points. But that’s nothing compared to the bonanza currently being enjoyed by the Liotnown Resources Ltd (ASX: LTR) share price. 

    Liontown shares are on fire today, no other way to put it. This ASX 200 lithium stock closed at $1.44 a share yesterday and opened at $1.42 this morning. But as it presently stands, Liontown has rocketed by a whopping 12.15% up to $1.62 a share.

    So what’s going on with Liontown that might have elicited such a dramatic jump in valuation?

    Well, it’s not entirely clear, unfortunately. There hasn’t been much in the way of news or announcements out of Liontown itself today. Or indeed, this month so far.

    Looking at other ASX 200 lithium shares, we do see some gains. For example, Pilbara Minerals Ltd (ASX: PLS) shares are up a decent 2.33% so far to $4.18 each. Core Lithium Ltd (ASX: CXO )is up by 2.12% at 97 cents a share. And the Allkem Ltd (ASX: AKE) share price has risen by 1.94% to $12.34.

    So some healthy moves, but none on Liontown’s level.

    What’s with the Liontown share price spike then?

    It’s possible that Liontown shares’ sharp rise can be explained by a recent broker recommendation on Liontown. As we covered just yesterday, ASX broker Bell Potter has come out with a speculative buy rating on Liontown shares.

    The broker gives the Liontown share price a 12-month target of $2.81. If realised, this would result in an upside of more than 75% from where the shares are right now (after today’s monster move higher).

    That would obviously be a very alluring prospect for investors and could explain why we are seeing such a noticeable rush into the Liontown share rice this Friday.

    Liontown has already had a great start to 2023. Over the year to date, the Liontown share price has now risen by a pleasing 30.9%:

    Even so, the company remains down more than 26% from its most recent 52-week high of $2.22 a share. So no doubt investors will be encouraged by what they’ve seen today. But we’ll have to wait and see if Liontown indeed does make it to $281 a share over the next 12 months.

    The post Why is the Liontown share price roaring 12% higher today? appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

    When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

    Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now…

    See The 5 Stocks
    *Returns as of March 1 2023

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    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 Scott Phillips.

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  • Should I buy ANZ shares at almost $24?

    A man holds his hand under his chin as he concentrates on his laptop screen and reads about the ANZ share price

    A man holds his hand under his chin as he concentrates on his laptop screen and reads about the ANZ share priceThe ANZ Group Holdings Ltd (ASX: ANZ) share price has gone through a fair bit of pain over the last month. Could the ASX bank share be worth buying today?

    Since 9 February 2023, it has dropped around 8%. That compares to a drop of 2.7% in the S&P/ASX 200 Index (ASX: XJO).

    Commonwealth Bank of Australia (ASX: CBA) shares have fallen even further, dropping 11% in that time.

    Investor sentiment about banks has taken a tumble, even though interest rates are expected to keep rising in the coming months.

    Indeed, the Reserve Bank of Australia (RBA) leader Dr Lowe said in a statement that “the board expects that further increases in interest rates will be needed over the months ahead to ensure that inflation returns to target and that this period of high inflation is only temporary.”

    Bank sector competition going crazy?

    One of the main problems for the sector could be lower-than-expected profitability as lenders compete away some of the increased margins they’re experiencing. The CBA CEO Matt Comyn said last month:

    The home lending market is undergoing a period of extreme change and intense competition.

    Cash backs are growing in size and prevalence, and we estimate that banks have deferred costs relating to cash backs of over $1 billion. This figure has increased almost 50% in the past two years, and combined with a substantial increase in commissions over the same period, creates a margin headwind that will flow unevenly across the market.

    ANZ had previously said that it expects to make billions more in net interest income over the next few years as its loan book sees fixed interest loans revert to variable loans and higher interest rates.

    However, the potential boost to profit may be less than hoped because of the strong competition in the sector. This could be detrimental to the ANZ share price.

    The tricky thing for ANZ and others is that if they don’t try to compete, they could lose some of the existing borrowers and fail to win new borrowers.

    ANZ has already lost some ground in market share terms after having slow loan processing times during the COVID period. It doesn’t need another reason to fall behind rivals. The banking division of Macquarie Group Ltd (ASX: MQG) is quickly gaining market share, so that’s something else for owners of ANZ shares to keep in mind.

    What’s the attraction of ANZ shares?

    ANZ is currently trying to acquire the banking division of Suncorp Group Ltd (ASX: SUN). I’m not sure how much more this will add to earnings, the integration could prove to be a big distraction.

    For me, the two most attractive things about ANZ are its low price/earnings (P/E) ratio and high dividend yield.

    According to Commsec, the ANZ share price is valued at 10 times FY23’s estimated earnings with a possible grossed-up dividend yield of 9.6%. But, if ANZ doesn’t grow earnings then I don’t think the share price is going to go anywhere. It’s not my preferred pick in the sector, though the dividend yield does seem compelling.

    The post Should I buy ANZ shares at almost $24? appeared first on The Motley Fool Australia.

    Should you invest $1,000 in Australia And New Zealand Banking Group right now?

    Before you consider Australia And New Zealand Banking Group, you’ll want to hear this.

    Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Australia And New Zealand Banking Group wasn’t one of them.

    The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

    See The 5 Stocks
    *Returns as of March 1 2023

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    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 positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • Brokers name 2 blue chip ASX 100 shares to buy

    A group of men in the office celebrate after winning big.

    A group of men in the office celebrate after winning big.

    If you’re looking to bolster your portfolio with some new ASX 100 shares, then you may want to consider the two listed below. Both have recently been named as buys by analysts.

    Here’s what they have to say about these ASX 100 shares:

    ResMed Inc. (ASX: RMD)

    ResMed could be an ASX 100 blue chip share to buy. It is a medical device company which has a focus on sleep treatment solutions.

    Over the last decade the company’s revenue and earnings have grown at a very strong rate thanks to the quality of its products and its large and growing market opportunity.

    The good news is that due to its massive market opportunity in sleep apnoea, chronic obstructive pulmonary disease (COPD), and home healthcare, ResMed looks well-placed to continue its growth in the future.

    Goldman Sachs believes this is the case and is forecasting a earnings per share compound annual growth rate (CAGR) of 11% through to FY 2026. It commented:

    Whilst supply shortages and cost inflation mitigated the tailwind from these competitor challenges through FY22, we believe the benefits to RMD are significant, and could continue to accrue over many years. As operational pressures continue to ease we see margin/cost dynamics improving, supporting a favourable earnings trajectory through the long term. We currently model an EPS CAGR of +11% (FY23-26E), with potential upside depending on how competitive/regulatory dynamics develop.

    Goldman has a buy rating and $38.00 price target on ResMed’s shares.

    Telstra Corporation Ltd (ASX: TLS)

    Another ASX 100 share that is rated highly is telco giant Telstra.

    After years of earnings declines and dividend cuts, Telstra is back on form and growth is now on the agenda. This has been driven by the success of its transformational T22 strategy and will be supported by the growth-focused T25 strategy.

    Morgans is very positive on the company due to favourable industry conditions and the potential for value to be unlocked from asset divestments. It said:

    Telco has the strongest tailwinds in a decade with an increasingly rational market, price rises across the majors and the criticality of telco increasingly recognised. The last major mobile operator Vodafone/TPG increased mobile prices by ~$5 per month in January 2023 and all key players are behaving economically rational. This combines with catalysts including the potential for InfraCo value release following the legal restructure.

    Morgans currently has an add rating and $4.70 price target on Telstra’s shares.

    The post Brokers name 2 blue chip ASX 100 shares to buy appeared first on The Motley Fool Australia.

    Wondering where you should invest $1,000 right now?

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    Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed and Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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  • 4 ASX mining shares that have soared over 150% in a year

    A happy miner pointing.A happy miner pointing.

    The last 12 months have brought riches for those invested in these ASX mining shares.

    Each of these companies has seen their share prices soar since this time last year, with one posting a whopping 486% gain.

    So, which miners have provided such enviable returns? Let’s take a look.

    4 ASX mining shares posting 150%+ gains in the last 12 months

    The share price of lithium hopeful Winsome Resources Ltd (ASX: WR1) has been on a roll over the last 12 months, leaping 486% in that time to trade at $2.17.

    The company is exploring and developing its four Canadian projects, Cancet, Adina, Sirmac-Clappier, and Decelles. Its stock has been bolstered by plenty of positive assay results in recent months.

    Joining its ASX mining peer in the long-term green is rare eaths share Arafura Rare Earths Ltd (ASX: ARU). It’s gained 171% over the last 12 months to trade at 55.5 cents today.

    It’s progressing with its Nolans Project, located in the Northern Territory. Hyundai and Kia signed offtake agreements for the project’s future production late last year.

    From new energy commodities to old ones, coal miner Stanmore Resources Ltd (ASX: SMR) has seen its share price rocket around 200% since this time last year to trade at $3.66 today.

    The stock has been bolstered by surging coal prices. The company also snapped up BHP Group Ltd (ASX: BHP)’s metallurgical coal joint venture, closing on an 80% stake around this time last year and acquiring the remaining 20% in October.

    Finally, the Latin Resources Ltd (ASX: LRS) share price has surged 180% over the last 12 months. It’s trading at 11.5 cents today.

    The ASX mining company is another lithium hopeful. But more than that, it’s also behind a number of projects exploring other critical metals.

    Much of the stock’s gains over the last 12 months have come amid news of its Salinas Lithium Project.

    The post 4 ASX mining shares that have soared over 150% in a year appeared first on The Motley Fool Australia.

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    *Returns as of March 1 2023

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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 Scott Phillips.

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  • Passive income watch: Here are the ASX 200 shares that delivered some of the biggest dividend boosts this earnings season

    An older couple in white robes jump on their bed with joyous faces, thrilled about the good news.An older couple in white robes jump on their bed with joyous faces, thrilled about the good news.

    With reporting season now over, we look over the results to identify some of the S&P/ASX 200 (ASX: XJO) shares that delivered the highest increases in interim dividends this year.

    Income investors, take note. Some of these ASX 200 shares will pay boosted dividends because of higher commodity prices. Others are raising their dividends due to improvements in their businesses.

    Either way, dividends have always been a great source of passive income. But they’re even more important in today’s economy, with interest rates rising. One Wall Street veteran says total returns on stock markets around the world are ‘going to come much more from dividends‘ over the near term.

    All of these companies below delivered a 25%-or-more boost to their interim dividends for FY23.

    Is this the biggest booster among the ASX 200 shares?

    It was always going to be hard for any ASX 200 share to beat the inevitable mammoth dividend increase delivered by Whitehaven Coal Ltd (ASX: WHC).

    And Australia’s biggest pure-play coal miner did not disappoint, lavishing a 300% boost to its interim dividend on investors thanks to a record half-year net profit after tax (NPAT) of $1.8 billion.

    The ASX 200 mining share will pay 32 cents per share fully franked on 10 March.

    The record profit was due to skyrocketing coal prices caused by the Russia-Ukraine conflict and the ensuing global energy crisis.

    This also led to the Whitehaven share price screaming 261% higher in 2022, making it the best-performing share of the year.

    Other companies splashing the cash

    ASX financial share Hub24 Ltd (ASX: HUB) will pay an 87% higher interim dividend in FY23 due to an 87% boost to its profit in 1H FY23. Hub24 shares will pay 14 cents per share fully franked on 18 April.

    QBE Insurance Group Ltd (ASX: QBE) revealed its full-year results this earnings season. QBE declared a fully franked final dividend of 30 cents per share, up 57% on the final dividend for FY21. The QBE dividend will be paid on 14 April.

    IDP Education Ltd (ASX: IEL) reported a 62% NPAT boost in 1H FY23. The ASX 200 education provider announced a 55% increase in its interim dividend to 21 cents per share. The 25%-franked dividend will be paid on 31 March.

    The Beach Energy Ltd (ASX: BPT) dividend was doubled this earnings season. The ASX energy share will pay investors a fully franked interim dividend of 2 cents per share on 31 March.

    Blackmores Ltd (ASX: BKL) reported a 17.3% NPAT bump to $24.4 million in 1H FY23, which resulted in a 38% increase to its dividend. The ASX 200 vitamin supplements company will pay 87 cents per share fully franked on 28 March.

    Woodside Energy Group Ltd (ASX: WDS) delivered its full-year results this earnings season. The company reported an underlying NPAT of US$5.23 billion, up 223% and a record for the ASX energy share.

    Woodside boosted its final dividend by 37% to US$1.44 per share fully franked, payable on 5 April.

    Finally, Super Retail Group Ltd (ASX: SUL) reported record first-half sales of $1.96 billion, up 15% year over year.

    The ASX 200 retail share will pay a fully franked interim dividend of 34 cents per share, up 26%, on 14 April.

    The post Passive income watch: Here are the ASX 200 shares that delivered some of the biggest dividend boosts this earnings season appeared first on The Motley Fool Australia.

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    *Returns as of March 1 2023

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    Motley Fool contributor Bronwyn Allen has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hub24, Idp Education, and Super Retail Group. The Motley Fool Australia has positions in and has recommended Hub24 and Super Retail Group. The Motley Fool Australia has recommended Blackmores and Idp Education. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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