Tag: Stock pick

ASX technology stock Hipages Group Ltd (ASX: HPG) is trading close to its 12-month low. This makes it a compelling buy, according to the analyst team at Shaw and Partners.

Outlook impresses analysts

Hipages was among the companies which presented at Shaw and Partners’ recent TechRise conference held in Sydney, with founder and Chief Executive Officer Roby Sharon-Zipser apparently delivering a “confident” update.

The Shaw and Partners research note issued this week goes on to say:

FY26 guidance was reiterated, with management noting softer subscriber volumes but strong yield trends and another price increase from 1 July tied to new AI-enabled products. Management also appeared increasingly confident that growing job management adoption, disciplined cost control and AI-driven efficiencies can support structurally higher retention, monetisation and margins, while positioning AI as a competitive advantage supported by proprietary data and trusted marketplace infrastructure.

The Shaw report says Hipages management acknowledged that the second quarter had been “tough”. However, also noted the third quarter was better, and expects the fourth to further improve on that.

While Hipages said growing volumes was difficult, “stronger lead pricing and subscription upgrades are supporting improved yield outcomes despite softer volume trends”.

Hipages is planning to increase its pricing from July 1, and added that premium offerings might not be included in base subscriptions.

The Shaw report says:

Management said several AI capabilities ‘may not be part of the subscription’ and instead become “add-ons, so expansion revenue.’ The upcoming AI virtual assistant was framed as incremental monetisation rather than bundled functionality.

Diversification in train

Hipages also recently acquired a majority stake in VIZ Insurance – a digital first insurance provider which specialises in providing insurance for tradespeople.

Shaw said regarding that deal:

Management positioned the VIZ Insurance acquisition as a fast-track entry into embedded financial services rather than a standalone insurance investment. The acquisition adds ~4,500 insured trade businesses, expands HPG’s serviceable customer base and provides AFSL capability not previously held internally. Commentary also suggested VIZ could become a broader platform for future lending and financial products over time.  

Hipages’ guidance is for revenue of $90-$91 million, with free cash flow of $8-$10 million.

Hipages shares were changing hands for 74 cents on Wednesday, well down on the high over the past 12 months of $1.50.

Shaw and Partners has a price target of $2.50 on the shares, implying a return of well over 200%.

The company is valued at $101.3 million.

The post This ASX technology stock could more than triple in value: Broker appeared first on The Motley Fool Australia.

More reading

• 2 exciting ASX shares to buy with big growth potential!
• Why CBA, Healius, Paladin Energy, and Temple & Webster shares are sinking today
• Zip shares sink after court loss. Is this ASX comeback stock in trouble?
• Budget 2026: 3 investing changes you need to know about
• Why CBA, Core Lithium and Fortescue shares are making waves on Wednesday

Motley Fool contributor Cameron England 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 Hipages Group. The Motley Fool Australia has recommended Hipages Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

As you’ve no doubt heard about by now, last night saw the 2026 budget handed down.

Most Federal Budgets are blockbuster events, particularly for those interested in politics, economics, or both. But the one handed down last night was something special. Regardless of how one views the policy changes that Treasurer Jim Chalmers unveiled, it cannot be denied that this is one of the most ambitious and consequential budgets Australians have seen in years.

Today, let’s break down three major tax changes that will affect ASX investors.

3 budget changes that investors need to know about

Capital gains tax (CGT) reform

One of the biggest changes coming to ASX investors is the reform of the capital gains tax (CGT). As we’ve already discussed today, CGT is the tax that most ASX investors would already be intimately familiar with, given it is applied to the sale of investable assets like shares. Since changes were made to the CGT in 1999, all gains on assets held for longer than 12 months were eligible for a 50% discount.

However, from 1 July 2027, CGT will revert to its pre-1999 structure of using inflation indexing rather than a flat discount rate. This means that capital gains will be liable on all proceeds from selling investable assets. Investors will only be able to deduct inflation from assets owned longer than 12 months.

A 30% minimum rate will also apply. Plus, any assets owned prior to 1985 will also become taxable for the first time.

Negative gearing abolished

Another big change announced in last night’s budget was the abolition of negative gearing. This controversial policy has had its critics for years. It mostly applies to property investing, though. Negative gearing refers to the practise of being able to deduct a net loss from an investment property against other sources of income. It is beloved by many investors, particularly those in high-income tax brackets.

However, this policy has effectively been abolished for most investors. Any property purchased after last night will not be able to be negatively geared going forward, with investors only able to use net losses to offset against future income earned from the property itself.

There are exceptions for new builds and for properties that have already been purchased. Investors also have a grace period before the changes kick in on 1 July 2027. Even so, this is a major change to the Australian investing landscape.

A minimum 30% tax rate for trusts

Our final policy change that will impact investors is a new minimum tax rate for trust distributions. Until now, trusts have functioned as pass-through vehicles for income. The practice of ‘income splitting’, where income is funnelled from the earner to other people (often family members) through a trust, has long been controversial.

This has been addressed in the budget, with a new minimum tax rate of 30% to apply to all discretionary trust distributions. These changes will kick in on 1 July 2028, giving investors a couple of years to get their affairs in order.

Again, there are exceptions. Farmers will be exempt. As will charitable, superannuation, and testamentary trusts. But this is still a change that will affect many investors.

The post Budget 2026: 3 investing changes you need to know about appeared first on The Motley Fool Australia.

More reading

• 2 exciting ASX shares to buy with big growth potential!
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• Zip shares sink after court loss. Is this ASX comeback stock in trouble?
• This ASX technology stock could more than triple in value: Broker
• Why CBA, Core Lithium and Fortescue shares are making waves on Wednesday

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.

Commonwealth Bank of Australia (ASX: CBA), Core Lithium Ltd (ASX: CXO), and Fortescue Ltd (ASX: FMG) shares are turning heads today.

During the Wednesday lunch hour, two of the big-name ASX stocks are charging ahead of the 0.2% losses posted by the S&P/ASX 200 Index (ASX: XJO) at the time of writing, while one is getting pummelled.

Here’s what’s grabbing investor interest.

Fortescue shares lift on legal news

Fortescue shares are up 2.3%, changing hands for $22.41 apiece.

The ASX 200 mining giant is making headlines after announcing, after market close on Tuesday, that the Federal Court had reached a decision regarding the Native Title Compensation Claim lodged by the Yindjibarndi Ngurra Aboriginal Corporation RNTBC.

The court found that Fortescue was liable to pay compensation for actions relating to the Solomon Hub, located in the Pilbara region of Western Australia.

Fortescue will pay $150 million for cultural losses and around $100,000 for economic losses.

“Fortescue accepts that the Yindjibarndi People are entitled to compensation,” the miner stated following the court decision.

Core Lithium shares jump on Finniss restart progress

Like Fortescue shares, Core Lithium is also enjoying a strong day of outperformance.

Shares in the resurgent ASX All Ords lithium stock are up a sharp 9% at the time of writing, trading for 36.5 cents each.

Core Lithium shares are making waves after the miner reported another big step towards restarting its flagship Finniss lithium project, located in the Northern Territory.

The miner halted operations at Finniss in January 2024 after global lithium prices crashed. In March this year, management announced a formal restart was underway.

Today, investors learned that Core Lithium has awarded a major underground mining contract at Finniss to Develop Global Ltd (ASX: DVP). Valued at $274 million, the contract spans three years of mining services.

First works are scheduled to commence in July.

Which brings us to…

CBA shares tank on Q3 profit decline

Joining Core Lithium and Fortescue shares in making waves today, CBA released its March quarter results (Q3 FY 2026) this morning.

And investors are reacting less than favourably, with CBA shares down a steep 9.7% at the time of writing, swapping hands for $154.96 apiece.

That selling pressure looks to be driven on two fronts.

First, the ASX 200 bank stock reported an unaudited cash net profit after tax (NPAT) of around $2.7 billion. That’s down 1% on CommBank’s first-half (H1 FY 2026) cash NPAT.

CBA shares also look to be catching headwinds from ongoing uncertainty stemming from the Iran war.

“Conflict in the Middle East is disrupting critical supply chains and contributing to global uncertainty,” CommBank CEO Matt Comyn said.

Comyn noted:

Notwithstanding an already strong level of provisioning, we have chosen to further top up our collective provisions in the quarter to reflect heightened macroeconomic risks.

The post Why CBA, Core Lithium and Fortescue shares are making waves on Wednesday appeared first on The Motley Fool Australia.

More reading

• Why CBA, Healius, Paladin Energy, and Temple & Webster shares are sinking today
• Core Lithium shares jump again after a major Finniss milestone
• Why are CBA shares crashing 8% today?
• Fortescue shares push higher despite order to pay Yindjibarndi $150m damages
• ASX mining stock drops despite big lithium news

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 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.

Catalyst Metals Ltd (ASX: CYL) shares are moving higher on Wednesday after the gold miner reported more high-grade drilling results from its Plutonic Gold Belt.

At the time of writing, the Catalyst Metals share price is up 3.24% to $5.73.

That gives shareholders another positive session after a stronger week. Catalyst shares are now up almost 14% over the past 5 trading days.

But despite the recent bounce, Catalyst shares are still down about 22% since the start of 2026.

Let’s take a closer look at the release.

Cinnamon drilling delivers again

In its ASX announcement, Catalyst said drilling at the Cinnamon underground deposit had returned more high-grade gold results.

The key result is that the underground strike length at Cinnamon has grown to 700 metres.

That is up 75% from the 400-metre strike length previously reported.

Catalyst said drilling has continued to confirm consistent, wide, high-grade underground zones. It also said those zones show strong potential to form a sixth underground ore source.

The location is also worth pointing out. Cinnamon sits around 25 kilometres from the underused Plutonic processing plant.

And because it sits close to the Plutonic plant, the latest drilling results could have a clearer path into future production growth.

What did the drilling show?

The latest drilling returned several strong intersections beneath the existing open pit.

Results included 38 metres at 10.5 grams per tonne gold from 45 metres, including 17 metres at 21.5 grams per tonne.

Other results included 37 metres at 3.7 grams per tonne, 7 metres at 14.6 grams per tonne, and 4 metres at 22 grams per tonne.

Catalyst said these results add to earlier high-grade intersections reported at Cinnamon.

Managing director and CEO James Champion de Crespigny said the drilling had built the company’s confidence in the deposit.

He said Cinnamon has the potential to become a fifth underground ore source feeding the centralised Plutonic processing plant.

Foolish bottom line

The bigger focus is Catalyst’s growth plan for the wider Plutonic Gold Belt.

Catalyst said it is aiming to lift production from 410,000 ounces over 3 years to 200,000 ounces a year for more than 10 years.

But Cinnamon could become one of the extra ore sources needed to support that target.

The company said Plutonic currently has 1.5 million ounces of reserves across 5 mines. These include Plutonic Main and East, K2, Trident, and Old Highway.

About two-thirds of the 10-year production target is already underwritten by reserves, with another 15% sitting in inferred resources and 21% in exploration targets.

The post This ASX gold stock is climbing today after a big drilling update appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has 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.

Sandfire Resources Ltd (ASX: SFR), Capstone Copper Corp (ASX: CSC), and BHP Group Ltd (ASX: BHP) shares are shaking off the broader market malaise today and charging higher.

As we head into the Wednesday lunch hour, the S&P/ASX 200 Index (ASX: XJO) is down 0.3%.

Here’s how these three ASX 200 mining giants are tracking at this same time:

• Capstone Copper shares are up 4.5% at $13.84 each
• Sandfire shares are up 6.0% at $20.24 each
• BHP shares are up 2.8% at $61.42 each

Any guesses what links these three stocks together?

If you said they’re all ASX copper shares, go to the head of the virtual class.

And, as you can likely guess by their surging shares today, global copper prices are heating up.

Sandfire, Capstone, and BHP shares lift on copper surge

The red metal gained 1.4% overnight to currently be trading for US$14,021. This sees the copper price up more than 47% in 12 months and trading right near its all-time highs.

Now, while Sandfire Resources and Capstone Copper are both fairly pure play copper stocks, BHP is a relative new comer to the ASX 200 copper stock list.

However, in the first half of the 2026 financial year, surging copper prices and increased production offered a big boost to BHP shares. Indeed, H1 FY 2026 marked the first time that, at US$8 billion, copper drove more than 50% of BHP’s earnings, surpassing iron ore.

For the full 2026 financial year, BHP expects copper production to come in at the higher end of its guidance of between 1.9 million to 2.0 million tonnes.

And, with BHP stock charging higher this past month while Commonwealth Bank of Australia (ASX: CBA) shares have gone in retreat, BHP’s crown as the biggest company on the ASX is looking more securely in place.

BHP currently has a market cap of some $312.6 billion, compared to a market cap of $260.9 billion for CBA shares.

What’s driving the copper price higher?

You may have heard of copper referred to as ‘Dr Copper’, for the red metal’s close links to the global economy.

If that link is in play today, then the near record copper prices we’re seeing portend ongoing economic growth.

Among the reasons copper, and by correlation Sandfire, Capstone, and BHP shares, are enjoying another lift today is a reported rebound in demand from China. This comes as global supply growth remains tight.

The world’s push towards electrification and the fast-rising demand from copper hungry AI-enabled data centres is also supporting copper’s bull run.

Commenting on the surging copper price, Ewa Manthey, commodity strategist at ING Group, said (quoted by The Australian Financial Review):

Breaking above US$14,000 highlights how tight the copper market has become. Low inventories outside the US and ongoing supply constraints are leaving prices highly sensitive to any incremental demand.

The post Why are Sandfire, Capstone and BHP shares jumping in Wednesday’s sinking market? appeared first on The Motley Fool Australia.

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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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Life360 Inc (ASX: 360) shares are climbing higher in lunchtime trade on Wednesday.

At the time of writing, the shares are up 4.46% to $18.72 a piece.

It’s welcome news for investors after the US-based software development company’s shares crashed 11% yesterday following another tech sell-off at the same time as the company released its first-quarter FY26 results announcement.

Despite today’s uptick, the shares are still 42% lower for the year-to-date and are now trading 66% below an all-time high of $55.87 recorded in October last year. The tech shares are also 31% below trading levels seen this time last year.

What sent the shares tumbling?

The tech stock has been caught up amid the tech-sector-wide sell-off over the past 8 months. 

Investors ditched their tech shares amid a growing fear that companies’ core services could be replaced by AI. At the same time, there was concern that tech sector share prices, including Life360, had become overpriced.

The shares crashed another 18% following its FY25 results announcement in March.

It looks like the tech sector suffered another sector-wide sell off yesterday, with tech shares down across the board.

The sentiment shift overshadowed Life360’s latest financial results announcement, which it posted ahead of the market open on Tuesday morning.

Life360 reported a 38% increase in its total revenue for the quarter, primarily driven by a 32% increase in subscription revenue and 36% increase in core subscription revenue.

The company also upgraded its FY26 guidance. It now expects consolidated revenue in the range of US$650 million to US$685 million, up from previous guidance of US$640 million to US$680 million. This implies year-on-year growth of 33% to 40%.

Life360 also lifted its adjusted EBITDA guidance to a range of US$130 million to US$140 million, up from US$128 million to US$138 million previously. This implies an expected margin of around 20%.

Why are Life360 shares climbing higher again today?

There has been no price-sensitive news out of the company today to explain the turnaround.

The rebounding share price is most likely due to investors buying back into the stock after yesterday’s crash. 

Are the shares a buy, sell or hold now?

Analysts are very bullish about the outlook for Life360 shares over the next 12 months, with consensus of a strong upside ahead.

TradingView data shows that 13 out of 14 analysts have a buy or strong buy rating on the shares. The average $31.83 target price implies a potential 71% upside at the time of writing. But some think the shares could rocket another 119% to $40.71.

Bell Potter has confirmed its buy rating on the family safety and location technology company’s shares, although the broker trimmed its target price to $32.59. 

The broker noted that its first quarter FY26 revenue and adjusted EBITDA were 4% and 18% ahead of its forecasts and 4% and 14% ahead of market consensus. 

The post Life360 shares rebound 4.5% today: Buy, sell or hold? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 Life360. The Motley Fool Australia has positions in and has recommended Life360. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX 200 gold stock Capricorn Metals Ltd (ASX: CMM) is trading in the green again on Wednesday morning, continuing on a run of increases over the past seven weeks.

At the time of writing, the ASX 200 gold stock’s shares are 0.82% higher at $14.10 a piece.

The latest uptick means the shares have now rebounded 50% from a dip recorded in late March.  

For the year-to-date, Capricorn Metals’ shares are still down 2.8%, but they’re up an impressive 66% from this time last year.

For context, the S&P/ASX 200 Index (ASX: XJO) is down 0.5% at the time of writing and is just over 0.5% lower for the year to date.

So, if I bought $500 of Capricorn Metals shares two years ago, what would they be worth today?

The ASX 200 gold shares have enjoyed a strong rally over the past few years. While the shares have climbed 66% in the past 12 months, they’ve flown a huge 202% higher since May 2024.

That means $500 invested in Capricorn Metals 24 months ago is already worth $1,510. 

What has been driving the ASX 200 gold stock higher?

There have been a few factors driving the gold miner’s share price higher, including a rally in gold prices, strong gold production, and improved investor sentiment.

The price of gold has more than doubled over the past two years, from around US$2,300 per ounce in May 2024 to around US$4,700 per ounce at the time of writing. 

At the same time, Capricorn Metals has delivered consistently strong production and cash flow results. 

Most recently, the gold miner posted its March quarter update, in late April, where it revealed strong gold production, a record quarterly cash flow, and a maiden 5 cent per share fully-franked dividend payment to shareholders.

The ASX 200 gold miner also confirmed that it is on track to meet the upper end of its FY26 production guidance of 115,000 to 125,000 ounces at an all-in sustaining cost (AISC) of $1,530 to $1,630 per ounce. 

Year-to-date gold production totals 93,152 ounces at an AISC of $1,623 per ounce.

Capricorn also said it is making steady progress on its next phase of growth. Development of the Karlawinda Expansion Project (KEP) is advancing well, and work continues at its Mt Gibson Gold Project (MGGP). 

It looks like investors are pleased with the latest announcement and have flocked to the stock.

Can the Capricorn Metals share price keep climbing higher?

According to TradingView data, it looks like we can expect plenty more out of the gold miner’s shares over the next 12 months.

All nine analysts have a consensus buy rating on the ASX 200 gold stock, with the average $18.22 target price representing a potential 29% upside at the time of writing.

Meanwhile, some expect the shares to fly another 70% to $24. 

The post If I’d put $500 in this ASX 200 gold stock two years ago, I’d have $1,510 today appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
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• This ASX 200 gold stock rose 10% yesterday: Is it a buy, hold or sell?
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Samantha Menzies 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.

Shares in Elevra Lithium Ltd (ASX: ELV) have fallen sharply in early trade after the company announced it had finalised a $275 million institutional placement.

New money raised at a discount

The company said in a statement to the ASX on Tuesday that it had raised the money at $12.20 per share, pushing its shares as low as $12.20 before they recovered to be 8.1% lower at $12.62.

The company said the placement received strong support from existing shareholders, “and a high-quality cohort of new domestic and global institutional investors, reflecting recognition of the company’s accelerated North American Lithium (NAL) Brownfield expansion strategy and key Moblan technical and pre-development workstreams to FID (final investment decision)”.

Existing Elevra shareholders will also be able to apply for new shares at the offer price, with $20 million in new shares available under the share purchase plan.

The company also announced on Monday that it had struck an agreement with the Canada Growth Fund for $146 million in convertible notes.

The company said regarding the overall funding package:

The Strategic Financing Package has been structured to provide Elevra with a high degree of funding certainty and balance sheet flexibility through a transformational phase of growth. Together, the fully underwritten Placement, strategic Convertible Notes investment and SPP will fully fund the NAL Brownfield Expansion project, alongside fund key Moblan technical and pre-development activities through to FID while maintaining prudent liquidity and optionality through market cycles. Importantly, the NAL expansion will deliver accelerated production growth, improving mill throughput and driving meaningful unit cost reductions. This investment underpins Elevra’s transition towards a lower cost, resilient, sustainable, and globally relevant lithium producer, enhancing cash flow generation and competitiveness across a range of lithium price environments.

Elevra Managing Director Lucas Dow said finalising the funding was an important milestone.

He added:

This financing marks a key inflection point for Elevra, delivering full funding certainty across the three stages of the NAL Brownfield Expansion while preserving balance sheet flexibility at a critical point in our growth trajectory. With strong strategic support from Canada Growth Fund, we are well positioned to execute our near-term growth plans, materially increasing production scale while reducing unit costs. Together with advancing Moblan toward development, this transaction sets the stage to fundamentally reshape Elevra into a larger, more resilient, globally competitive lithium producer.

Shares performing strongly

Elevra has raised the money close to its year-highs, with the stock appreciating from as low as $2.10 over the past 12 months to $13.74 before the placement, close to the year-high of $14.06.

Elevra is valued at $2.33 billion.

The post Why are shares in this major ASX lithium company down almost 10% today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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.

Core Lithium Ltd (ASX: CXO) shares are climbing again on Wednesday after the lithium miner locked in a major contract at its Finniss operation.

At the time of writing, the Core Lithium share price is up 4.48% to 35 cents.

It marks another strong session for a stock that has already staged a huge recovery. Core Lithium shares are now up around 25% in 2026 and 372% over the past year.

Here’s what the company announced.

A major mining contract lands

According to the release, Core has awarded the BP33 underground mining contract at Finniss to Develop Global Ltd (ASX: DVP).

The contract is worth about $274 million and covers 3 years of mining services at BP33. Core also has the option to extend the deal by another year.

The work includes drill and blast, load and haul, decline development, production, and ground support.

Mobilisation is expected to begin in June 2026, with works due to start in July 2026.

Why BP33 is getting attention

BP33 is a key deposit within Core’s Finniss Lithium Operation in the Northern Territory.

The company said BP33 underpins a lower-cost, long-life production base, with more than 10 years of mine life and further exploration upside.

Core also said the contract followed a competitive tender process. Develop was selected because of its underground mining experience, technical capability, and alignment with Core’s delivery targets.

The project is expected to progress alongside open pit mining at the Grants deposit.

Core said first spodumene concentrate remains targeted for the December quarter of 2026. First BP33 ore is expected in mid-2027, with ramp-up to nameplate production planned by mid-2028.

Finniss restart gathers pace

Core’s Finniss project has been through a difficult period, largely due to weaker lithium prices and pressure across the battery materials sector.

But that backdrop is now looking much healthier. Trading Economics shows lithium carbonate prices in China have climbed strongly in 2026, supported by tighter supply and stronger demand.

The price is sitting at CNY 200,000 per tonne, up more than 200% over the past year.

While that doesn’t remove the risks around Finniss, it helps explain why investors are taking another look at Core.

Today’s underground contract follows the company’s final investment decision (FID) and funding package announced earlier this year.

Foolish takeaway

Core Lithium has come a long way from last year’s lows.

The once beaten-down stock touched 7.6 cents in June last year. It is now trading at 35 cents, helped by improving lithium sentiment and a clearer restart plan at Finniss.

The post Core Lithium shares jump again after a major Finniss milestone appeared first on The Motley Fool Australia.

More reading

• ASX mining stock drops despite big lithium news
• This $1 billion ASX lithium stock is in the spotlight today. Here’s why
• Why is everyone talking about Core Lithium, Ampol and Santos shares on Thursday?
• Up 444% in a year, what’s moving Core Lithium shares today?
• ASX lithium shares rally as oil shock highlights EV appeal

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.

Over the years, CSL Ltd (ASX: CSL) shares have rarely been on the radar of income investors.

That’s not because the company doesn’t pay dividends.

The biotechnology giant has a long track record of payouts to its shareholders.

However, due to the high earnings multiples that its shares would trade on, the dividend yield has always been very modest.

But due to a significant multiple compression over the past 12 months, that has now changed.

So, rather than being a growth stock, is CSL now an ASX dividend stock? Let’s run the numbers and find out.

CSL dividends

According to a note out of Bell Potter this week, its analysts are expecting the company to pay dividends of $3.97 per share in FY 2026, then $4.25 per share in FY 2027, and finally $4.65 per share in FY 2028.

Based on the current CSL share price of $98.55, this would mean attractive dividend yields of 4%, 4.3%, and 4.7%, respectively.

It is a similar story at Morgans. Its analysts believe CSL shares could provide generous dividend yields in the near term.

The broker is forecasting dividends of approximately $4.42 per share in FY 2026 and then $4.74 per share in FY 2027. This equates to dividend yields of 4.5% and 4.8%, respectively.

Should you buy this ASX stock for dividends?

At present, Bell Potter is sitting on the fence with CSL shares.

In response to its disappointing guidance update, the broker has retained its hold rating with a reduced price target of $100.00. It said:

Earnings decreases drive large reductions to our PE and DCF-based valuations. We increase the PE valuation weighting to 75% and reduced the multiple to 12.0x. This leads to a reduction of our PT to $100 (from $155). We maintain our Hold recommendation. CSL’s global biopharma peers trade on a median of 14x FY27 PE.

We think a discount is warranted for CSL considering the declining underlying earnings outlook across FY26-27, the lack of stable management, and series of credibility hits following several disappointing results/trading updates. CSL is trading on ~12x our forecast NPATA for FY27. The difference between NPATA to statutory NPAT remains uncertain given the $5b of additional impairments announced today with unclear spread across FY26-27.

However, Morgans has retained its buy rating with a $147.59 price target. It said:

While forward earnings visibility remains limited, we believe the current valuation increasingly discounts a structurally impaired plasma franchise, which we do not believe the current industry dynamics support. We reduce FY26-28 forecasts and lower our blended DCF, PE and EV/EBITDA-based target price to A$147.59. Given CSL’s global leadership positions, structurally growing end markets and operational initiatives, we retain a BUY rating.

The post Is CSL now an ASX dividend stock to buy? appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended CSL. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.