BHP Shares Dip Despite Boosting Iron Ore and Copper Output
Global mining giant BHP (ASX: BHP) has delivered a robust performance in the first quarter of the current fiscal year by exceeding iron ore output estimates and recording an uptick in copper production. The company’s successful increase in production is particularly attributable to the optimization of its operations and strategic investments in key areas of…
All Ords Hits New High As ASX 200 More Than Matches Move
The All Ords added 0.79% on a bustling trading day that saw Australian indices smash through all time highs. The XAO hit the new high of 8,654.70 in the first couple of hours, before settling down in the afternoon. Not to be outdone, the ASX 200 index concluded the trading day up by 0.86%, beating…
Rio Tinto’s Production Up Amid Inflation Challenges
Mining giant Rio Tinto (ASX:RIO) has reported a slight increase in iron ore production and shipments in the third quarter, maintaining stability in its production forecasts despite ongoing challenges due to inflation. Iron ore production at its Pilbara mine in Western Australia edged up by 1%, reaching 84.1 million tonnes, according to the latest data…
Liontown’s Shares 50% Up From Recent Lows, Remains Firmly Down On YTD
Liontown Resources’ stock price (ASX: LTR) has been making some steady gains, and bouncing off recent lows in September. After a challenging 2024 so far, with shares having fallen 50% on the year, the stock is now trading at 84 cents having made gains of 50% from the low of 56c set less than two…
Ampol Shares (ASX:ALD) Hit 52 Week Lows Before Push
Ampol’s share price (ASX: ALD) gapped down sharply today, opening almost 5% lower, and marking a new 52-week low of $27.68 in the early part of trading. The significant decline is a direct reaction from investors to the company’s latest third-quarter update that highlighted several areas of concern, yet the stock did rally through the…
REA Group Shares Close To New Highs As Morgan Stanley Set Healthy Price Target
REA Group shares (ASX: REA), traded on ASX under the ticker symbol REA got within 52c of a new 52 week highs in trading today at A$221.10 before ending up 0.5% at A$219. With gains of 40% for REA’s share price over the past 12 months, bulls will be pleased to see analyst coverage from…
All Ords & ASX 200 In Touching Distance Of Highs
The ASX 200 kicked off the week on a strong note, as it closed 0.47% higher and moved back within touching distance of highs. The All Ords edged within 5 points of the record highs, gaining 0.45%, and signaling robust investor confidence across the leading Aussie indices. One of the big movers of the day…
IAG Announces Directorial Change
Insurance Australia Group Limited (ASX:IAG), a prominent player in the insurance industry, has announced a significant change in its boardroom dynamics. After serving the company, Jonathan Bryant Nicholson has ceased to be a director at Insurance Australia Group Limited at the end of last week. The departure of a director is always a significant event…
Megaport (ASX:MP1) Brings NaaS to Milan
Megaport shares (ASX: MP1) has given holders a bumpy ride in 2024, with gains of more than 60% through the first quarter of the year now firmly in the rear-view mirror. Where the first five months of the year brought significant gains to the stock, the last five has seen MP1’s price fall by 50%,…
Piedmont Lithium Shares (PLL) Continue Fightback From Recent Lows
Piedmont Lithium’s share price (ASX: PLL) gained an impressive 10.81% in trading today, as the stock continues to fight back against bearish sentiment that had seen 52 week lows of $0.10 set one month ago. Investors witnessed its value leap from $0.185 to $0.207 cents in late morning trade before settling at $0.20 for the…
