18 Share Tips – 19th August 2024

Get our share tips straight to your inbox – Sign Up Here

Braden Gardiner, Tradethestructure

BUY RECOMMENDATIONS

BUY – Yancoal Australia (YAL)

YAL is involved in nine producing coal mines across Australia. The company’s average realised coal price was $A181 a tonne in the June quarter. The company had a cash balance of $1.55 billion at the end of June. Technically, the price action is trending up as buyers support higher levels. The shares have risen from $5.19 on April 2 to trade at $7.08 on August 15. The company is generating favourable momentum.

BUY – Cooper Energy (COE)

This oil and gas company generated revenue of $57.3 million in the fourth quarter of fiscal year 2024, up 2 per cent on the previous quarter. Total production was up 1 per cent. The share price has risen from 11 cents on January 22 to trade at 21 cents on August 15. I expect any move above 24 cents will generate increasing buyer demand and push the price higher.

HOLD RECOMMENDATIONS

HOLD – Capricorn Metals (CMM)

CMM is a low cost, mid-tier gold producer. The company recently announced a 15 per cent increase in the ore reserve estimate to 1.428 million ounces of gold at the Karlawinda Gold Project in Western Australia. The group’s ore reserve estimate increases to 3.3 million ounces. The gold price is bullish and continues to trend up off higher levels.

HOLD – Emerald Resources NL (EMR) 

Emerald is a gold explorer and mining company. EMR has world class assets in Cambodia and significant resource growth potential at the Dingo Range project in Western Australia. The company recently announced it would continue its long standing relationship with MACA Mining on all future mine developments The shares have been edging higher since late March to trade at $3.74 on August 15.

SELL RECOMMENDATIONS

SELL – De Grey Mining (DEG)

De Grey Mining owns the Hemi gold project in the Pilbara region of Western Australia. In July, the company announced that the mineral resource estimate at the overall Hemi project was 12.7 million ounces. The company is targeting first gold production in the second half of 2026 subject to regulatory approvals. The shares closed at $1.355 on April 12. The shares have risen from $1.01 on June 14 to trade at $1.225 on August 15. From a technical perspective, I am forecasting the shares to return to $1.01 or possibly lower in the short term.

SELL – Spartan Resources (SPR) 

Spartan owns the Dalgaranga gold project in the Murchison region of Western Australia. The company recently announced a major resource upgrade of 2.48 million ounces of gold at 4.79 grams a tonne. The share price has risen from 51 cents on January 2 to trade at $1.29 on August 15. I believe the major resource upgrade is all but factored into the share price. Considering the stellar rise, investors may want to consider cashing in partial profits.

Nathan Lodge, Securities Vault 

BUY RECOMMENDATIONS

BUY – QMines (QML)

QML is actively advancing its copper and gold exploration projects in Queensland. It owns the Mount Chalmers and Develin Creek deposits. The projects have a measured, indicated and inferred resource of 15.1 million tonnes at 1.3 per cent copper equivalent for 195,800 tonnes of copper equivalent. Funds from a placement will accelerate exploration and development. Applying for a mining lease at Mount Chalmers marks a significant step towards starting production. A speculative buy for investors with an appetite for risk. The shares were trading at 5 cents on August 15.

BUY – Belararox (BRX)

This mineral explorer is focusing on the battery and renewable energy markets. Exploration involves the search for copper, gold, silver, nickel, zinc and lead. The company has announced that its TMT project in the San Juan province of Argentina has successfully identified numerous encouraging targets. The company announced TMT is strategically positioned between several large operating mines. A drilling program is planned for October 2024. This explorer offers upside potential, but carries risk.

HOLD RECOMMENDATIONS

HOLD – Eastern Metals (EMS)

Eastern Metals is focusing on exploring its key projects, including Browns Reef, where field work programs identified new anomalous base metal zones. These show potential for significant mineralisation. Also, the company was granted $910,750 in junior minerals exploration incentive tax credits, which supports exploration.

HOLD – C29 Metals (C29) 

The company is developing its portfolio of uranium and copper assets. The company was recently granted a licence for the southern tenement around its Ulytau Uranium project in southern Kazakhstan. C29 recently announced it would start the exploration process for the southern tenement, which is the largest of two applications at 213 square kilometres. The company has the potential to extend its strike zones and enhance the resource base in Kazakhstan, which we believe is a prime market for growth.

SELL RECOMMENDATIONS

SELL – Western Mines Group (WMG) 

The company is exploring for gold and nickel sulphide deposits across a portfolio of projects in Western Australia. The flagship is the Mulga Tank nickel, copper and platinum group elements project. The company recently raised $1.54 million before costs to further progress the Mulga Tank project. The shares rose from 15 cents on April 10 to close at 44 cents on April 29. The shares were trading at 28.5 cents on August 15. Other stocks appeal more at this stage of a volatile resources sector cycle.

SELL – Findi (FND) 

Findi is a digital payments and financial services provider. The company generated revenue of $66.5 million in fiscal year 2024, up 22.1 per cent on the prior corresponding period. EBITDA of $27.4 million was up 63 per cent. The company has guided for higher revenue and EBITDA in fiscal year 2025. But it did not provide net profit after tax guidance for fiscal year 2025. The shares rose from $1.04 on January 2 to close at $4.80 on July 15. The shares have since retreated to trade at $3.36 on August 15. In this volatile market, investors may want to consider taking some money off the table.

Don’t Buy Just Yet

You will want to see this before you make any decisions.

Before you decide which shares to add to your portfolio you might want to take a look at this special report we recently published.

Our experts picked out The 5 best ASX shares to buy in 2024.

We’re giving away this valuable research for FREE.

Click below to secure your copy

Toby Grimm, Baker Young

BUY RECOMMENDATIONS

BUY – PEXA Group (PXA)

PEXA operates a leading digital property exchange platform and settles most transactions in Australia. Progress with the NatWest integration in the UK and its dominant position in Australia paint a bright outlook. The possibility of future interest rate cuts is likely to drive an increase in mortgage activity. The shares have risen from $11.03 on January 2 to trade at $13.65 on August 15.

BUY – Charter Hall Social Infrastructure REIT (CQE)

This childcare and social infrastructure property owner has materially lagged its bigger peers in the real estate investment trust sector. CQE was recently trading at a substantial discount to its net tangible asset backing of $3.82 a unit despite offering strong leverage to potential falls in global interest rates. We believe CQE is trading at an appealing entry level.

HOLD RECOMMENDATIONS

HOLD – Rio Tinto (RIO)

The global miner generated net earnings of $US5.8 billion in the first half of fiscal year 2024, an increase of 14 per cent on the prior corresponding period. Underlying EBITDA of $US12.1 billion was up 3 per cent. The chances of meaningful stimulus in China are increasing. Rio’s quality asset mix offers exposure to a share price rebound in the second half of 2024.

HOLD – Domino’s Pizza Enterprises (DMP)

After taking significant measures to improve overseas profitability amid re-basing store growth expectations, the fast food giant’s prospects are brighter. The stock has fallen to levels we believe appropriately reflects challenges and justifies a hold recommendation.

SELL RECOMMENDATIONS

SELL – Newmont Corporation (NEM)

The gold company recently posted an impressive quarterly operational performance. Combined with a strong gold price, NEM has outperformed strongly in the past two months. However, despite gold’s safe haven appeal, it isn’t immune from selling pressure should deflationary forces take hold. Therefore, we suggest investors consider taking some profits around current levels.

SELL – Tuas (TUA)

Tuas provides telecommunication services in Singapore. Viable pathways to further growth remain through geographic and mobile expansion. However, we’re concerned that the share price has risen too rapidly, leaving little to no room for disappointment. We suggest taking part gains prior to the company’s full year results in September.

Related Articles:

• How to start CFD Trading
• The Best ASX Stocks for Day Trading
• Auto Trading Platforms in Australia
• The Best Crypto Trading Platforms in Australia

The above recommendations are general advice and don’t take into account any individual’s objectives, financial situation or needs. Investors are advised to seek their own professional advice before investing. Please note that TheBull.com.au simply publishes broker recommendations on this page. The publication of these recommendations does not in any way constitute a recommendation on the part of TheBull.com.au. You should seek professional advice before making any investment decisions.