Paladin Energy Shares Rally as Firm Delivers Strong Quarter
Paladin Energy shares (ASX: PDN) have delivered double digit percentage gains on the day, adding 10.06% off the back of a solid quarter. The company’s Langer Heinrich mine in Namibia played a pivotal role by producing 308,604 pounds of uranium oxide in the last month of the December quarter, achieving an impressive average plant recovery…
ASX 200 Ends Up 0.33% as 8,400 Holds
The ASX 200 closed the day with a 0.33% increase, continuing to find support at 8,400 in closing at 8,429.80. The All Ords followed closely, with a 0.32% gain seeing the index close at 8,680.50. The materials sector, and particularly mining stocks exerted pressure on overall performance causing earlier gains to pare back. A significant…
Lynas Rare Earths Shares Gain Analyst Upgrade
Lynas Rare Earths’ share price (ASX: LYC) has started the year in positive form, gaining 5.36%, despite a 0.29% on the day. In further support for LYC bulls was an upgrade from analyst firm Canaccord, boosting the stock from a Hold to a Buy recommendation, alongside a A$7.50 price target. This decision reflects a positive outlook…
BHP Shares Move Up as Guidance Reaffirmed
Mining giant BHP’s shares (ASX: BHP) added 0.92% today, as the firm reaffirmed its full-year production guidance across most of its operational portfolio, despite having to adjust its forecasts for copper production in South Australia due to a power outage. This decision reflects BHP’s confidence in its broader operational strategy while acknowledging localised challenges. BHP…
Aussie Markets Gain as U.S Markets Closed Monday
The ASX200 has started the week in fine form, with a gain of 37 points, or 0.45%, bringing the index to a close at 8,347.40. With U.S markets closed for Martin Luther King Jr. Day, and the inauguration of Donald Trump as the President of the United States, local markets have been pushing on, with…
South32 Shares Gain on Solid Quarter
South32 shares (ASX: S32) gained 0.86% today, as the firm reported solid December 2024 quarter results. The company maintained its production guidance across most operations, underlining its commitment to stability and performance in what has been a challenging market. In the latest quarter, South32 saw significant increases in the production of base metals and alumina….
Rio Tinto Delivers Mixed Q4 2024 Update
Rio Tinto Ltd (ASX: RIO) has demonstrated solid performance in its fourth quarter update, leading to a 1.83% increase in share price in London (LON: RIO), and 0.1% by the close on the ASX. The latest figures underscore Rio Tinto’s strong operational capabilities and market presence, delivering growth in Copper, helping offset lower iron ore…
IAG Shares in Breakout Territory as Outlook Improves
Insurance Australia Group shares (ASX: IAG) are seeing an upward trend, coming off a strong 2024 with gains of more than 50% in value. The stock has started off the year in a range, currently trading at $8.45, and in range of a breakout. Taking a look at the 1 month and we can see…
ResMed Shares Approach Highs on Strong Start to Year
ResMed shares (ASX: RMD) delivered gains of more than 47% through 2024, and seem intent on challenging the 52 week highs of $39.13 after breaking $38 in today’s session. Though we are only a few sessions into 2025, RMD has continued in similar vein, adding 2.60% so far. The company is a prime figure in…
Julian Hanna Takes the Helm at Artemis Resources
Artemis Resources (ASX: ARV) has appointed Julian Hanna as its new Managing Director, signaling a strategic move as the company prepares for an extensive drilling campaign at its Karratha gold project. Known for his remarkable track record in the mining industry, Hanna transitions from his previous role as Senior Technical Advisor at Artemis Resources to…
