FINANCIAL NEWS

Difficult Coal Markets Prevail For Coronado

Some constraints on coal sales to China which weighed on Coronado Global in the December quarter appear to have been alleviated with the initial US/China trade deal.

12:12 PM


Uranium Week: Uncertainty Lingers

The uranium market is again in stasis as several lingering issues provide for collective uncertainty.

11:43 AM


Opportunity In Commonwealth Bank

Michael Gable of Fairmont Equities suggests an index pullback would not upset the uptrend, while Commonwealth Bank is providing a buying opportunity.

10:30 AM


Weekly Ratings, Targets, Forecast Changes – 24-01-20

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

10:00 AM


The Monday Report (On Tuesday) – 28 January 2020

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

9:23 AM


Macquarie rates AGI as Neutral

The broker has reviewed December quarter performance across 47,000 slot machines in Australia and found Aristocrat Leisure continues to have the most popular titles, with new game performance 1.3x the floor average.

Ainsworth Game Technology continues to underperform at 0.8x, while for other competitors the numbers are hit and miss. Neutral and 80c target retained for Ainsworth.

UBS rates LYC as Buy

Revenue was 6% ahead of UBS estimates in the December quarter. The broker likes the company's strategic position as the only producer of rare earths outside of China, for which demand is set to double by 2025.

UBS downgrades near-term commodity assumptions, as prices during 2019 were below forecasts. This drives a -26% downgrade to FY20 operating earnings estimates and -16% downgrade to FY21. Buy rating and $3 target maintained.

Credit Suisse rates MTS as Neutral

A new retailer co-operative appears designed to reduce buying costs and improve the availability of local and specialty lines that do not compete directly with the range offered by Metcash.

If limited to such products the impact of this new cooperative on the company would be minimal, Credit Suisse assesses.

The broker finds it hard to come up with an alternative to the heavy risk weighting the market applies to the company's food division.

The pursuit of differentiation, which the co-operative supports, reflects an evolution of the independent retail sector and this appears to move it further away from the company.

Credit Suisse maintains a Neutral rating and $2.64 target.

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ANALYSIS & DATA

MARKET CONSENSUS FORECAST

To display the stock analysis for a company please enter the company code:

MIN | MINERAL RESOURCES LIMITED

Abbreviated format - see the full version here


LAST PRICE CHANGE +/- CHANGE % VOLUME

$16.73

28 Jan
2020

-0.650

OPEN

$16.52

-3.74%

HIGH

$16.78

1,355,056

LOW

$16.50

TARGET
$17.300 3.4% upside
Franking for last dividend paid out: 100%
MARKET CONSENSUS FORECAST
MIN: 1
Title FY18
Actual
FY19
Actual
FY20
Forecast
FY21
Forecast
EPS (cps) 145.3 87.0 193.7 159.6
DPS (cps) 65.0 44.0 100.5 72.3
EPS Growth 35.0% - 40.1% 100.0% - 17.6%
DPS Growth 20.4% - 32.3% 100.0% - 28.1%
PE Ratio N/A N/A 8.6 10.5
Dividend Yield N/A N/A 6.0% 4.3%
Div Pay Ratio(%) 44.7% 50.6% 51.9% 45.3%

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DAILY FINANCIAL NEWS

Difficult Coal Markets Prevail For Coronado

Some constraints on coal sales to China which weighed on Coronado Global in the December quarter appear to have been alleviated with the initial US/China trade deal.

12:12 PM - Australia


Michael Gable of Fairmont Equities suggests an index pullback would not upset the uptrend, while Commonwealth Bank is providing a buying opportunity.

10:30 AM - Technicals


Downer EDI has warned profit will be lower in FY20 than previously assumed and brokers wonder whether this will be the last of the downgrades.

Jan 24 2020 - Australia


While several factors combined to drive the price of graphite higher in the December quarter, brokers remain concerned this may not be enough to pull Syrah Resources out of the woods.

Jan 23 2020 - Small Caps


Prospects exist for strong returns from the A-REITs in 2020 but brokers point out the secret is in stock selection.

Jan 23 2020 - Australia


SPONSORED: Vulcan Bringing Zero Carbon Lithium To Europe’s EVs

A huge jump in demand for electric vehicles (EVs) and Li-ion battery is anticipated for the coming decade. This demand has seen Europe develop the world’s fastest-growing lithium-ion production capacity.

Jan 22 2020 - FYI


RUDI'S VIEWS

Rudi’s View (Part 2): Iress, Oz Minerals And Super Retail

Part Two of the calendar year’s first update on Conviction Calls for the year ahead.

Jan 17 2020

DAILY MARKET REPORTS

The Monday Report (On Tuesday) – 28 January 2020

Wrap of events affecting the market on Friday night and the weekend and a preview of the week ahead.

9:23 AM


Today’s Financial Calendar – 28-01-2020

Significant Scheduled Events For 28 January, 2020

8:15 AM


Today’s Financial Calendar – 27-01-2020

Significant Scheduled Events For 27 January, 2020

Jan 27 2020


The Overnight Report: Europe Down, US Pauses

Sharemarkets in Europe and Asia retreated last night as Wall Street closed little changed (Available for non-subscribers after 10am)

Jan 24 2020


Today’s Financial Calendar – 24-01-2020

Significant Scheduled Events For 24 January, 2020

Jan 24 2020


The Overnight Report: Trump Warns Europe

US markets paused as the death toll from the coronavirus in China rises and with president Trump targeting Europe in Davos (Available for non-subscribers after 10am)

Jan 23 2020


Today’s Financial Calendar – 23-01-2020

Significant Scheduled Events For 23 January, 2020

Jan 23 2020


WEEKLY REPORTS

Uranium Week: Uncertainty Lingers

The uranium market is again in stasis as several lingering issues provide for collective uncertainty.

11:43 AM

Weekly Ratings, Targets, Forecast Changes – 24-01-20

Weekly update on stockbroker recommendation, target price, and earnings forecast changes.

10:00 AM

Weekly Top Ten News Stories – 24 January 2020

Our top ten news stories from 16 January 2020 to 23 January 2020

Jan 24 2020


Next Week At A Glance – 27-31 Jan 2020

A brief look at important company events and economic data releases next week.

Jan 24 2020

The Wrap: Bushfires, Coronavirus & Kaufland Exit

Weekly Broker Wrap: bushfires, coronavirus, Kaufland, building materials, and global wild cards.

Jan 24 2020

Australian Corporate Bond Price Tables – 23-01-20

FNArena provides a weekly update of Australian listed corporate bond issues, current pricing and yield data.

Jan 23 2020


The Short Report – 23 Jan 2020

FNArena’s weekly update on short positions in the Australian share market.

Jan 23 2020

Bushfire Impact: Affected Stocks

The New Criterion’s Tim Boreham outlines the impact the bushfires are expected to have on various individual listed stocks.

Jan 22 2020

Uranium Week: Interest Up, But Price Still Down

Utilities are increasingly taking an interest in uranium market developments, but so far the spot price continues to slide further south.

Jan 21 2020


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THE MARKETS

    Click item/line to change chart

  • Australia

    28 January 2020   Updated : 18:12   AEDT

    SPI Overnight (Mar)

    6913.00

    -89.00

    -1.27%

    All Ordinaries

    7098.40

    -104.80

    -1.45%

    S&P ASX 200

    6994.50

    -96.00

    -1.35%

    S&P ASX 300

    6950.70

    -96.20

    -1.37%

    Consumer Discretionary

    2774.40

    -71.00

    -2.50%

    Consumer Staples

    13427.20

    -82.70

    -0.61%

    Energy

    11556.30

    -344.30

    -2.89%

    Financials

    6186.10

    -78.10

    -1.25%

    Health Care

    45361.20

    +167.50

    0.37%

    Industrials

    7078.70

    -81.30

    -1.14%

    Info Technology

    1526.50

    -23.10

    -1.49%

    Materials

    14166.30

    -338.00

    -2.33%

    Telecommunication

    1360.80

    -10.50

    -0.77%

    Utilities

    8190.70

    -2.90

    -0.04%

  • Asia

    28 January 2020   Updated : 18:12   AEDT

    NZ50

    9214.870

    -42.310

    -0.460%

    Nikkei 225

    23215.71

    -127.80

    -0.55%

    Hang Seng

    27949.64

    +40.52

    0.15%

    Click item/line to change chart

  • Australasia

    28 January 2020   Updated : 18:12   AEDT

    AUD/USD

    0.6756

    0.00

    -0.37%

    AUD/NZD

    1.0328

    0.00

    -0.04%

    NZD/USD

    0.6542

    0.00

    -0.34%

    AUD/JPY

    73.67

    -0.22

    -0.30%

    SGD/AUD

    1.09

    +0.00

    0.23%

    AUD/EUR

    0.6132

    0.00

    -0.37%

    AUD/GBP

    0.5184

    0.00

    -0.10%

    AUDCAD

    0.8908

    0.00

    -0.37%

  • World

    28 January 2020   Updated : 18:12   AEDT

    CAD/USD

    0.7584

    0.00

    0.00%

    EUR/JPY

    120.16

    +0.09

    0.08%

    EUR/USD

    1.1017

    0.00

    -0.01%

    GBP/USD

    1.3033

    0.00

    -0.28%

    USD/JPY

    109.05

    +0.08

    0.08%

    Click item/line to change chart

  • World

    28 January 2020   Updated : 18:12   AEDT

    FTSE100

    7412.05

    -173.93

    -2.29%

    DAX30

    13204.77

    -371.91

    -2.74%

    DJIA

    28535.80

    -453.93

    -1.57%

    S&P500

    3243.63

    -51.84

    -1.57%

    Nasdaq Comp

    9139.31

    -175.60

    -1.89%

    S&P500 VIX

    18.23

    +3.67

    25.21%

    US 10-year yield

    1.605

    -0.076

    -4.520%

    USD Index

    97.94

    +0.09

    0.09%

  • Aus Stocks

    28 January 2020   Updated : 18:12   AEDT

    BHP (UK)

    1703.80

    0.00

    0.00%

    Rio (UK)

    4216.00

    0.00

    0.00%

    BHP (US)

    52.75

    -1.69

    -3.10%

    Rio (US)

    55.10

    -2.65

    -4.59%

    ResMed (US)

    160.62

    -1.78

    -1.10%

    South32 (UK)

    136.42

    0.00

    0.00%

    James Hardie (US)

    21.16

    -0.48

    -2.22%

    Telstra (US)

    12.99

    -0.21

    -1.59%

    Westpac (US)

    16.78

    -0.26

    -1.53%

    Click item/line to change chart

  • Spot Metals & Minerals

    28 January 2020   Updated : 07:37   AEDT

    Gold (oz)

    1581.00

    +9.40

    0.60%

    Silver (oz)

    18.08

    -0.02

    -0.11%

    Copper (lb)

    2.6215

    -0.09

    -3.39%

    Aluminium (lb)

    0.7977

    -0.01

    -1.26%

    Lead (lb)

    0.8596

    -0.03

    -3.17%

    Nickel (lb)

    5.7372

    -0.32

    -5.22%

    Zinc (lb)

    1.0405

    -0.04

    -3.63%

    Copper (t)

    5779.00

    -203.00

    -3.39%

    Aluminium (t)

    1759.00

    -22.00

    -1.24%

    Lead (t)

    1895.00

    -62.00

    -3.17%

    Nickel (t)

    12648.00

    -697.00

    -5.22%

    Zinc (t)

    2294.00

    -86.00

    -3.61%

    Uranium (lb) weekly

    24.60

    -0.25

    -1.01%

  • Commodities Futures

    28 January 2020   Updated : 07:37   AEDT

    West Texas Crude

    52.99

    -1.20

    -2.21%

    Brent Crude

    59.16

    -1.53

    -2.52%

    Iron Ore (t) futures

    92.05

    0.00

    0.00%

CALENDAR

Tuesday, 28 January 2020
AU NAB business confidence, Dec
CH markets closed
CCP earnings result
OSH quarterly production report
Wednesday, 29 January 2020
AU CPI Q4
CH markets closed
US Fed policy meeting
DJW ex-div 875c (100%)
EVN quarterly production report
OZL quarterly production report
RRL quarterly production report
Thursday, 30 January 2020

ALL WEATHER STOCKS

Code Company Price
AMC AMCOR LIMITED

$15.90

ARB ARB CORPORATION LIMITED

$18.51

CSL CSL LIMITED

$312.66

REA REA GROUP LIMITED

$112.07

RMD RESMED INC

$23.90

WEEKLY PDF

Stories To Read From FNArena


WEEK 4

WEEK 3

WEEK 51

WEEK 50

WEEK 49

FNARENA TALKS

FNARENA WINDOWS

Window on COAL

Difficult Coal Markets Prevail For Coronado

Some constraints on coal sales to China which weighed on Coronado Global in the December quarter appear to have been alleviated with the initial US/China trade deal.

12:12 PM


Window on URANIUM

Uranium Week: Uncertainty Lingers

The uranium market is again in stasis as several lingering issues provide for collective uncertainty.

11:43 AM


Window on BANKS

Opportunity In Commonwealth Bank

Michael Gable of Fairmont Equities suggests an index pullback would not upset the uptrend, while Commonwealth Bank is providing a buying opportunity.

10:30 AM


SMSFUNDAMENTALS

SMSFundamentals: 2019 Record Year For ETFs

Investors are increasingly using Exchange Traded Funds to build diverse portfolios across asset classes and the industry had a big year in 2019.

Jan 16 2020


FEATURE STORIES

2020 Outlook: Australia

The Australian stock market looks set to begin 2020 on from an overvalued position, making gains in the year hard to come by.

Dec 19 2019


2020 Outlook: Global

Dec 16 2019