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The S&P/ASX 200 Index (ASX: XJO) rebounded from its recent suffering, driven higher by mining giants on Tuesday. The index closed 1.29% higher at 6,806.40 points today.

Mining stocks led the pack today, with the S&P/ASX 200 Materials Index (ASX: XMJ) leaping 2.7% higher.

Base metals stayed put overnight as the London Metal Exchange closed for a public holiday. Meanwhile, gold futures slipped 0.3% to US$1,678.20 an ounce and iron ore futures fell 0.4% to US$98.63.

The S&P/ASX 200 Energy Index (ASX: XEJ) also gained 2%.

Its gain followed a similar increase in oil prices overnight. The Brent crude oil price lifted 0.7% to US$92 a barrel while the US Nymex crude oil price increased 0.7% to US$85.73 a barrel.

Only two of the ASX 200’s 11 sectors closed lower today. The S&P/ASX 200 Health Care Index (ASX: XHJ) dumped 0.1% while the S&P/ASX 200 Real Estate Index (ASX: XRE) fell 0.5%.

But which share outperformed all others? Let’s take a look.

Top 10 ASX 200 shares countdown

The index’s top-performing share on Tuesday was coal miner New Hope Corporation Limited (ASX: NHC).

The company released its earnings for the 12 months ended 31 July this morning, detailing a near-$1 billion profit and upping its dividend by 700%.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
New Hope Corporation Limited (ASX: NHC)	$5.94	8.79%
Brickworks Limited (ASX: BKW)	$21.69	5.75%
Coronado Global Resources Inc (ASX: CRN)	$1.80	5.26%
Mineral Resources Limited (ASX: MIN)	$71.58	5.26%
Lynas Rare Earths Ltd (ASX: LYC)	$8.14	4.9%
Nickel Industries Ltd (ASX: NIC)	$0.895	4.68%
IGO Ltd (ASX: IGO)	$14.93	4.63%
Imugene Ltd (ASX: IMU)	$0.23	4.55%
Champion Iron Ltd (ASX: CIA)	$5.40	4.45%
Webjet Limited (ASX: WEB)	$5.43	4.22%

Our top 10 ASX 200 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.

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More reading

• Lynas share price storms 5% higher: Can it keep rising?
• Mineral Resources share price up 5% as miners lead the market on Tuesday
• Why Brickworks, IDP Education, IGO, and New Hope shares are racing higher
• Here’s why the IGO share price is firing 5% on Tuesday
• Why is the Webjet share price heading 5% skywards on Tuesday?

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 Brickworks. The Motley Fool Australia has positions in and has recommended Brickworks. The Motley Fool Australia has recommended Webjet Ltd. 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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The Lynas Rare Earths Ltd (ASX: LYC) share price was a strong performer on Tuesday.

The rare earths producer’s shares ended the day 5% higher at $8.14.

Why is the Lynas share price rising?

Investors were bidding the Lynas share price higher today after investors flooded back into the market again following several tough sessions.

This led to the ASX 200 index rising a sizeable 1.2% on Tuesday with the S&P/ASX 200 Resources index doing a lot of the heavy lifting with its gain of 2.6%.

Can its shares keep rising?

One leading broker believes the Lynas share price still has plenty of upside ahead.

According to a recent note out of Goldman Sachs, its analysts only have a neutral rating on its shares but their price target of $9.10 is meaningfully higher than current levels.

In fact, this price target implies potential upside of almost 12% for investors over the next 12 months.

Goldman commented:

NdPr market to remain in deficit beyond 2025 based on our NdPr SD model incorporating our global 2030 wind & EV targets and ex-China mine supply forecasts. Current NdPr spot China is ~US$93/kg

Upsized LYNAS 2025 target (12ktpa NdPr) but at higher capex of ~A$1.4bn, where we continue to see execution and capex risks. US gov refinery deals for construction of a light rare earth (LRE) plant (~50% of total ~US$60mn cost) and commercial Heavy Rare Earths (HRE) separation facility (100% of total US$120mn cost) are incremental, where we expect the direct sale of ~0.5ktpa of high value HRE (mostly Dy & Tb) to US customers likely improves realised HRE pricing.

We see the stock as fairly valued at A$8.25/sh on a DCF basis (~1.1x NAV) based on our long run US$80/kg (real $, from 2026) NdPr price forecast.

As covered here, Goldman prefers Iluka Resources Limited (ASX: ILU) for rare earths exposure.

The post Lynas share price storms 5% higher: Can it keep rising? appeared first on The Motley Fool Australia.

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More reading

• Lynas share price tumbles again, down 10% this week
• The Lynas share price is sinking 5% amid market mayhem
• Why is the Lynas share price so volatile on Tuesday?
• Down 20% in 2022, is the Lynas share price too cheap to ignore?
• Why is the Lynas share price surging higher on Tuesday?

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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The Mineral Resources Limited (ASX: MIN) share price finished up 5.26% at $71.58 on Tuesday.

The ASX 200 miner didn’t release any news today, however, its home sector led the market.

The S&P/ASX 200 Materials Index (ASX: XMJ) closed up 2.67%. It was followed by S&P/ASX 200 Energy (ASX: XEJ) shares at 1.99%.

What’s pushing the Mineral Resources share price higher?

Mineral Resources has been in the news of late amid speculation it could demerge its lithium operations and list them on the New York Stock Exchange.

Top brokerage firm UBS says a lithium spin-off could be worth $17 billion. That’s actually more than the total market capitalisation for Minerals Resources as a whole today ($12.9 billion).

As my Foolish colleague James reported last week, UBS compared the NYSE-listed lithium business, Albemarle Corporation (NYSE: ALB), which trades at 10 times FY24 EBITDA, to the lithium business of Mineral Resources, which trades at just over three times FY24 EBITDA.

UBS doesn’t necessarily think that the lithium business of Mineral Resources would command as great a premium as Albemarle. But it does consider six times EBITDA possible, which would give the lithium spin-off a valuation of $17 billion.

UBS has a buy rating on Mineral Resources with a share price target of $83. This represents a potential upside of 16% over the next 12 months.

Additionally, as my Fool friend Zach reports, there’s been lithium mania in the market in recent years.

Surging demand for electric vehicles (EVs) around the world has led to a surge in the lithium price, as well as “a huge upswing in exploration, production, and delivery of the battery metal in its various forms”.

The post Mineral Resources share price up 5% as miners lead the market on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• ASX lithium mania: Is the ‘incredible amount of interest’ sustainable?
• Top brokers name 3 ASX shares to buy next week
• Top broker values Mineral Resources rumoured lithium spin-off at $17 billion
• Brokers name 3 ASX shares to buy today

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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Three ASX resources shares are rising far higher than the ASX 200 Resources Index (ASX: XJR) today.

The share prices of FELIX Gold Ltd (ASX: FXG), Venture Minerals Ltd (ASX: VMS), and Cobre Ltd (ASX: CBE) are all soaring. For perspective, the ASX 200 Resources Index is 2.65% at the time of writing.

Let’s take a look at why these ASX resources shares are shooting ahead today.

Felix Gold

The Felix Gold share price is surging 18% today. ASX 200 gold share Evolution Mining Ltd (ASX: EVN) is also up 2.44% in late afternoon trading, while Newcrest Mining Ltd (ASX: NCM) is 1.54% higher. Felix Gold is exploring the Fairbanks Gold Mining District of Alaska, US. Recently, Felix advised RC drilling is complete across 131 holes at the Treasure Creek Project. With assay results returned for just nine of the 131 RC holes so far, the company said there is a “strong news flow pipeline”. Managing director and CEO Joe Webb said:

We now have a big pipeline of RC drill assays to flow over coming months and are excited to have commenced diamond drilling at Treasure Creek to test potential depth extent and target zones at depth, including the key Eastgate IP target.

Venture Minerals

The Venture Minerals share price is up 7.69% at 2.8 cents a share after hitting an intraday high of 3.1 cents today, a 19% jump. Venture has discovered Rare Earth Element (REE) mineralisation at the Mount Lindsay project. The REE mineralisation is adjacent to existing tin zones within the project. More infill surface sampling work will be conducted to define the REE anomalism and identify targets for further drill testing. Commenting on today’s news, Venture’s managing director Andrew Radonjic said:

The fact the Rare Earths are in shallow clays immediately adjacent to high grade Tin Zone bodes well for the economic potential of the Reward Deposit.

Cobre

The Cobre share price is 16.33% higher at the time of writing to 28.5 cents a share. Earlier in the session, Cobre shares surged 30% higher to 32 cents each. Cobre is a copper explorer with projects in Botswana and Western Australia. Cobre shares took off today despite no news from the company. The copper price is trading 0.38% today, Trading Economics data shows. Cobre recently advised drilling at NCP12 had intersected with “significant copper mineralisation” at the Ngami Copper Project in Botswana. Further drilling is ongoing. Assay results from drill holes NCP07, NCP08, and NCP09 are expected near the end of September.

The post 3 ASX resources shares rocketing on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Why did the Chalice Mining share price leap 10% on Tuesday?
• 3 ASX mining shares that went gangbusters on Monday

Motley Fool contributor Monica O’Shea has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The AMP Ltd (ASX: AMP) share price has been continuing to slip throughout the day.

This comes as the Federal Court handed down its verdict regarding AMP’s plan service fee charges to its customers.

At market open, the financial services company’s shares kicked off at $1.21 apiece.

However, news broke out about the court outcome and investors have been selling down AMP shares since.

Currently, the share is down 2.07% to $1.185.

In contrast, the S&P/ASX 200 Index (ASX: XJO) is up 1.19% following modest gains on Wall Street overnight.

What happened?

According to AMP’s release, the Federal Court of Australia handed down a $14.5 million fine to the company after it wrongly charged more than 1,500 customers.

AMP wrongly charged more than 1,500 customers in advice service fees despite knowing that these customers had no access to the paid service.

The Federal Court alleges that AMP took over $600,000 in advice service fees from customer superannuation accounts.

The hefty fee is closer to what ASIC sought which was $17.5 million compared to AMP’s suggested $4.6 million penalty.

AMP said that the fine has already been provisioned in its 30 June 2022 half-year financial statements.

About the AMP share price

Despite heading south today, the AMP share price has travelled 25% higher over the past 12 months.

On the other hand, the S&P/ASX 200 Financials (ASX: XFJ) sector is down 5% since this time last year.

AMP has a price-to-earnings (P/E) ratio of 29.33 and commands a market capitalisation of roughly $3.95 billion.

The post AMP share price slips ahead of court findings appeared first on The Motley Fool Australia.

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More reading

• Are AMP shares worth keeping?
• Here are the 3 most heavily traded ASX 200 shares on Monday
• When it comes to AMP shares, is it time for investors to give up the ghost?
• Savings or dividends? What these 3 ASX bank shares are offering for income
• Here are the top 10 ASX 200 shares today

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

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The S&P/ASX 200 Index (ASX: XJO) is back on form on Tuesday and is charging notably higher. In afternoon trade, the benchmark index is up 1.2% to 6,799.7 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here’s why they are dropping:

Accent Group Ltd (ASX: AX1)

The Accent share price is down 5% to $1.27. This is despite there being no news out of the footwear focused retailer on Tuesday. This latest decline means the Accent share price is now down by a disappointing 49% since the start of the year. Investors appear concerned what impact a recession could have on its sales.

Bigtincan Holdings Ltd (ASX: BTH)

The Bigtincan share price is down over 4% to 55.5 cents. Investors have been selling this sales enablement software platform provider’s shares despite the release of a positive business update. That update reveals that Bigtincan has successfully locked in 43% of FY 2022’s annual recurring revenue (ARR) of $120.1 million through to the end of FY 2023. This compares to 31% at a similar stage a year earlier.

Clinuvel Pharmaceuticals Limited (ASX: CUV)

The Clinuvel share price has continued its slide and is down 3% to $19.37. Investors have been selling this biopharmaceutical company’s shares this week after they were dumped out of the ASX 200 index at the quarterly rebalance. The release of its latest strategy update has also failed to get investors excited.

IVE Group Ltd (ASX: IGL)

The IVE share price is down 4% to $2.29. This morning this printing company announced the completion of an institutional placement. IVE has raised $18 million via the issue of 8 million shares at $2.25 per new share. The capital raising will preserve significant balance sheet capacity for IVE following a recent acquisition. This balance sheet strength will be used to pursue previously announced growth initiatives including further organic initiatives or acquisitions.

The post Why Accent, Bigtincan, Clinuvel, and IVE shares are dropping today appeared first on The Motley Fool Australia.

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More reading

• Why Clinuvel, EML, Infomedia, and Link shares are dropping today
• The ASX 200 is getting a shakeup today. Here’s the tea
• Out in the cold: How are the ASX 200 evictees faring on Monday?
• Experts say these top ASX dividend shares are buys
• 2 exciting small cap ASX shares analysts rate highly

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 BIGTINCAN FPO. The Motley Fool Australia has positions in and has recommended BIGTINCAN FPO. 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 Scott Phillips.

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The Dogecoin (CRYPTO: DOGE) price is up 2% over the past 24 hours to 5.85 US cents.

That gives the crypto, which sports a Shiba Inu dog as its virtual mascot, a market cap of US$7.75 billion.

And that’s enough to vault Dogecoin back into the number 10 spot on the list of top global cryptos, nudging ahead of Polkadot (CRYPTO: DOT), with a total market valuation of US$7.04 billion.

Though it should be said that this is more due to Polkadot’s weakness than any huge surge in the Dogecoin price.

Despite today’s bump, Dogecoin remains down 8% since this time last week. Polkadot has slid by 17%, according to data from CoinMarketCap.

Dogecoin now the second biggest crypto to operate on PoW

Last week Ethereum (CRYPTO: ETH) finally completed its long-awaited merge.

That merge now sees the network operating on a proof of stake (PoS) protocol versus the previous proof of work (PoW).

The switch entails validators staking some of their Ether to participate in verifying transactions and securing the blockchain. One of the biggest immediate advantages is a 99% plus reduction in the amount of energy used, as PoS requires far fewer energy-hungry computers.

With Ethereum exiting PoW, and the Dogecoin price rise edging it back to the number 10 spot, the meme token is now the second biggest crypto to operate on PoW. Bitcoin (CRYPTO: BTC), with a market cap of US$369.95 billion, remains the, erm, top dog in PoW protocols.

Where to next for the Dogecoin price?

It remains to be seen how cryptos operating under PoW will fare over the coming year. Part of that will depend on what issues may yet crop up for Ethereum under its new PoS system.

More immediately, the Dogecoin price could face a big move higher or lower after the US Federal Reserve announces its next interest rate decision on Wednesday (overnight Aussie time).

Equity and crypto markets have broadly priced in a 0.75% rate hike. But if the Fed opts to go harder sooner with a 1% rate boost in the world’s biggest economy, risk assets will likely take a hit. Should the Fed surprise with a lower rate hike, the Dogecoin price will likely benefit.

The post Dogecoin price gains send it back among top 10 global cryptos appeared first on The Motley Fool Australia.

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More reading

• Why Bitcoin, Dogecoin, and Shiba Inu fell this morning
• What’s supporting the Dogecoin price in September?
• Why did the Dogecoin price tumble 12% in August?
• Why Ethereum, Dogecoin, and Solana lost altitude on Thursday
• Why Bitcoin, Ethereum, and Dogecoin are falling today

Motley Fool contributor Bernd Struben 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 Bitcoin and Ethereum. The Motley Fool Australia has positions in and has recommended Bitcoin and Ethereum. 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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This week is gearing up to be a massive one for ASX dividend investors, with more than $18 billion worth of payouts said to be hitting bank accounts.

And the best is yet to come, with some of the S&P/ASX 200 Index (ASX: XJO)’s highest yielding companies set to hand out their upcoming dividends tomorrow.

Let’s take a look at the billions of dollars set to be handed out to Aussie dividend fans over the remainder of this week.

The ASX 200 shares paying out nearly $15b of dividends this week

Financial year 2022 was another big one for dividends.

Analysis by CommSec found ASX 200 companies declared more than $42 billion worth of dividends in August.

And ASX shares will hand out $18 billion this week according to Bell Potter’s Richard Coppleson, courtesy of the Australian Financial Review.

This week’s biggest payer is none other than BHP Group Ltd (ASX: BHP). The ASX’s largest company declared a whopping $2.55 per share dividend, worth more than $12 billion in total.

That’s set to hit investors’ bank accounts tomorrow alongside Rio Tinto Limited (ASX: RIO)’s upcoming $3.847 per share interim payout.

That will see Rio Tinto handing out a total of around $1.4 billion to its Aussie investors on Wednesday.

Of course, the company’s investors might still be lamenting the smaller offering. The iron ore favourite slashed its latest payout by 52% year on year.

Looking beyond materials shares, fan favourite Telstra Corporation Ltd (ASX: TLS) is set to drop 8.5 cents of dividends per share tomorrow.

That offering incorporates a 7.5 cent final dividend and a 1 cent special dividend, worth around $980 million.

Telstra’s offering was scheduled to be paid out on Thursday but was brought forward after the day was declared a national day of mourning to commemorate Queen Elizabeth II.

Finally, ASX 200 energy giant Santos Ltd (ASX: STO) is also gearing up to hand out its 10.93 cents per share dividend on Wednesday. That’s worth around $366 million and represents a 38% year-on-year improvement.

Those mark a few of the ASX giants paying out dividends this week. And market watchers might want to hold onto their hats next week too.

Commonwealth Bank of Australia (ASX: CBA), Fortescue Metals Group Limited (ASX: FMG), and Woolworths Group Ltd (ASX: WOW) will pay out nearly $8 billion between them then.

The post $18 billion of ASX dividends are being paid out this week. Here’s the lowdown appeared first on The Motley Fool Australia.

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More reading

• Here’s what this top broker is saying about the BHP share price
• Could this prove to be a new cash cow for Telstra shares?
• ‘Bullish sign’: Expert names 2 rising ASX shares to buy right now
• 5 things to watch on the ASX 200 on Tuesday
• Broker names 2 of the best ASX shares to buy now

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 positions in 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 Scott Phillips.

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After suffering the last two trading days, the Vulcan Energy Resources Ltd (ASX: VUL) share price is back in the green today.

The clean lithium developer’s shares stumbled 1.60% and 2.25% on Friday and Monday, respectively.

But, with broader gains being achieved across the market today, Vulcan shares are currently up 1.02% to $7.90 apiece after hitting an intraday high of $8.23 a share, a gain of more than 5%.

What’s powering Vulcan Energy shares ahead on Tuesday?

Investors are bidding up the Vulcan Energy share price as the wider sector recovers from the volatility that’s occurred over the past two weeks.

As the S&P/ASX 200 Index (ASX: XJO) is 1.19% higher in late afternoon trading. The benchmark index is following Wall Street’s lead after US equities recorded modest gains overnight.

It appears the market has now factored in the upcoming interest rate hike by the US Federal Reserve.

Economists are expecting the central bank to lift interest rates by up to 100 basis points in an ongoing bid to cool down inflation.

The latest US CPI data showed inflation rose by 0.1% on a monthly basis and 8.3% over the last 12 months.

Also providing support today is the S&P/ASX 200 Materials (ASX: XMJ) sector which is the second-best performing index.

The sector is up 2.35%, slightly behind the leader, the S&P/ASX 300 Metals and Mining Index (ASX: XMM), up 2.42%.

Vulcan Energy share price snapshot

Bearish sentiment mixed with volatility has led the Vulcan Energy share price to fall 46% over the last 12 months.

The company’s shares reached an all-time high of $16.65 in September 2021, before moving on a downward channel.

Whether it can regain these highs largely depends on the price of lithium as well as Vulcan Energy’s progression on its Zero Carbon Lithium Project.

Based on today’s price, Vulcan Energy commands a market capitalisation of around $1.13 billion.

The post Why is the Vulcan Energy share price lifting today? appeared first on The Motley Fool Australia.

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More reading

• The Vulcan share price sank 7% today in ASX sea of red
• How are ASX lithium shares faring amid Wednesday’s carnage?
• Why Allkem, MA Financial, Neuren, and Vulcan Energy shares are pushing higher
• Here’s the lithium price forecast through to 2024
• Vulcan Energy share price up 5% on lithium project update

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

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The S&P/ASX 200 Index (ASX: XJO) has rebounded strongly on Tuesday. In afternoon trade, the benchmark index is up 1.2% to 6,799.7 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are racing higher:

Brickworks Limited (ASX: BKW)

The Brickworks share price is up 6% to $21.69. Investors have been buying the building materials company’s shares for a couple of reasons. One was the release of a strong result from a coal miner (see below) that Brickworks is a major shareholder of. In addition, this morning Morgans upgraded its shares to an add rating with a $23.00 price target.

IDP Education Ltd (ASX: IEL)

The IDP share price is up 2% to $28.19. This morning this language testing and student placement company announced a new acquisition. IDP has signed an agreement to acquire 100% of Intake Education for up to ~A$83 million. Intake is a leading student placement agency that has operations across Nigeria, Ghana, Kenya, Philippines, Thailand, Taiwan, India and the UK.

IGO Ltd (ASX: IGO)

The IGO share price is up almost 5% to $14.95. Investors have been buying this battery materials miner’s shares following the release of an update on one of its lithium operations. According to the release, an increasing number of pegmatite outcrops have been identified by field mapping across the 15km zone of pegmatite dykes at the Mt Alexander project in Western Australia.

New Hope Corporation Limited (ASX: NHC)

The New Hope share price is up over 8% to $5.93. This morning this coal miner released its full year results and revealed a 143% increase in revenue to $2.55 billion and a massive 1,139% jump in net profit after tax to $983 million. This allowed the coal miner to declare a fully franked 31 cents per share final dividend and a 25 cents per share special dividend. Combined, this was an impressive 700% year over year increase from FY 2021’s 7 cents per share final dividend.

The post Why Brickworks, IDP Education, IGO, and New Hope shares are racing higher appeared first on The Motley Fool Australia.

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More reading

• Here’s why the IGO share price is firing 5% on Tuesday
• Everything you need to know about the monster New Hope dividend
• Why is the Brickworks share price racing 6% higher today?
• Here’s why the IDP Education share price is charging higher
• New Hope share price leaps 8% as profit skyrockets

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 Brickworks and Idp Education Pty Ltd. The Motley Fool Australia has positions in and has recommended Brickworks. 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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