A2 Milk Company Shares Gain 26% YTD as Analyst Raises PT
In a recent update by Macquarie, the A2 Milk Company shares (ASX: A2M) received an upgrade from a Neutral to an Outperform rating, with the investment firm expressing confidence in the company’s early-stage performance. Macquarie adjusted their price target for the specialized milk producer to A$7.85, a noteworthy increase from the previous A$5.70 target. Despite…
IAG Shares Down 16%, Can We Expect Support To Step In?
IAG shares (ASX: IAG) have made a sharp pullback since the latest performance update, down 16.33% over the past 5 trading sessions. The share price has found technical support and resistance in the $7.40 region in the past, and hit a low of $7.42 in today’s session before ending the day at $7.53. Whether the…
Westpac Shares (ASX: WBC) Move Red YTD as One-Off Items Impact Profit
Westpac shares (ASX: WBC) have moved into negative territory on a year-to-date basis, down 0.31%, having shed 5.97% over the past 5 trading sessions. The recent dip comes as the banking group released earnings, posting a Q1 profit of A$1.7 billion, reflecting a 9% decline due to specific one-off items. The company’s earnings for the…
Northern Star Resources Shares (ASX: NST) Start Year Strong, Up 18%
Northern Star Resources shares (ASX: NST) have begun 2025 in strong form, adding 18.64% and breaking out into new all time high territory. The company has backed up the bullish share price action with strong half-year financial results. The company reported 28% year-on-year growth in half-year revenue, amounting to $2.87 billion. This increase is partly…
Xero Names Claire Bramley as New CFO
Xero Limited (ASX: XRO) has appointed Claire Bramley as its new Chief Financial Officer, effective from April 1, 2025. This move is a strategic part of Xero’s plan to support its FY25-27 business strategy, which aims to expand and enhance the company’s financial services platform globally. Claire Bramley joins Xero with vast experience in financial…
South32 Secures Approval for Worsley Mine Expansion
South32 (ASX: S32), listed on the Australian Securities Exchange as ASX: S32, has achieved a significant milestone for its Worsley Mine Development Project by obtaining federal environmental approval. This approval, crucial for the project’s progression, was granted under the Environmental Protection and Biodiversity Conservation Act. This development follows a prior state approval received on December…
CSL Shares (ASX: CSL) Hit 52 Week Low, Looking For Support
CSL’s shares (ASX: CSL) have started the year with the bears leading the way, with a 0.26% decline today bringing the cumulative YTD loss to 8.86%. With a new 52 week low of $253.04 being hit on the day, this continues the trend seen towards the second half of 2024, where the share price fell…
Ross McEwan to Lead BHP as New Chairman
BHP shares (ASX: BHP) ended the day steady, with a mild gain of 0.05% coming as news that the world’s largest mining company has appointed Ross McEwan, former chief executive of National Australia Bank (NAB), as its new chairman. McEwan, who joined the BHP board less than a year ago, is set to take over…
Boss Energy Share Price (ASX: BOE) Makes Strong Start to 2025
Boss Energy shares (ASX: BOE) have started 2025 in fine form, gaining 34.68% through the early part of the year. This marks a significant reversal of fortunes for holders who had seen a prolonged bearish phase in BOE, with the stock firmly red over the past 12 months, to the tune of 43.58%. Shifts in…
Amcor Share Price Gains as Jefferies Upgrade to ‘Buy’
Amcor’s shares (ASX:AMC) are trading 3.29% in the green so far this year, as news that Jefferies has upgraded the stock from a Hold to a Buy rating helped shares maintain a 0.38% rise on an otherwise mildly red day. Amcor’s stocks price target was raised substantially, from $15.70 to $20.50. This decision comes as…
