Why these 4 shares are climbing higher today

It might be hard to believe, but there are a number of interesting stocks trading higher today.

| More on:
a woman

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It has been a horrible start to the shortened trading week with the S&P/ASX 200 (Index: ^AXJO) (ASX:XJO) down by 2.1% to 5,200 points.

Uncertainty regarding the "Brexit" vote is the main reason behind today's savage sell-off, but amidst all of the carnage, these four shares are actually climbing higher today:

Northern Star Resources Ltd (ASX: NST)

Unsurprisingly, the gold sector is one of the few sectors in positive territory today as investors continue to look for safe-haven assets. Northern Star Resources is one of the best performing stocks in the sector with its shares hitting an all-time high of $5 in early trade. The shares have managed to hold on to most of their gains and are still trading 3.5% higher at $4.93 per share. Northern Star is now Australia's third-largest listed gold miner with zero debt and has one of the lowest cost production profiles in the sector.

Shares of Northern Star have climbed 129% over the last 12 months.

Regis Resources Limited (ASX: RRL)

Shares of Regis Resources have shot up more than 7% today after the gold miner announced it has discovered a potentially viable deposit near its existing Garden Well processing facility in Western Australia. Regis Resources will now continue further drilling to determine if there are any other significant deposits nearby. This is clearly welcome news for investors and today's announcement adds to the generally positive mood supporting the gold sector.

Shares of Regis Resources are up a massive 202% over the past 12 months.

Metcash Limited (ASX: MTS)

Metcash shares have gained more than 2.4% today despite no news being released to the market. The company is expected to release its full year results on 20 June. As highlighted here, Metcash remains one of the most short sold shares on the ASX so today's price movement could also be the result of some covering before the results are released.

Metcash shares have risen 94% over the past 12 months.

Aristocrat Leisure Limited (ASX: ALL)

Aristocrat shares have performed extremely well since the company released a profit upgrade back in May and continued to outperform the broader market today, rising another 0.7% to $13.25. The poker machine manufacturer recorded profit growth of 66% in its first half to deliver shareholders its tenth consecutive period of earnings growth. It's unsurprising then to see the shares perform so strongly, although the current valuation is starting to look a little expensive.

Shares of Aristocrat have increased by 70% over the past 12 months.

Motley Fool contributor Christopher Georges has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on ⏸️ Investing

Close up of baby looking puzzled
Retail Shares

What has happened to the Baby Bunting (ASX:BBN) share price this year?

It's been a volatile year so far for the Aussie nursery retailer. We take a closer look

Read more »

woman holds sign saying 'we need change' at climate change protest
ETFs

3 ASX ETFs that invest in companies fighting climate change

If you want to shift some of your investments into more ethical companies, exchange-traded funds can offer a good option

Read more »

a jewellery store attendant stands at a cabinet displaying opulent necklaces and earrings featuring diamonds and precious stones.
⏸️ Investing

The Michael Hill (ASX: MHJ) share price poised for growth

Investors will be keeping an eye on the Michael Hill International Limited (ASX: MHJ) share price today. The keen interest…

Read more »

ASX shares buy unstoppable asx share price represented by man in superman cape pointing skyward
⏸️ Investing

The Atomos (ASX:AMS) share price is up 15% in a week

The Atomos (ASX: AMS) share price has surged 15% this week. Let's look at what's ahead as the company build…

Read more »

Two people in suits arm wrestle on a black and white chess board.
Retail Shares

How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?

How does the Temple & Webster (ASX: TPW) share price stack up against rival furniture retailer Nick Scali Limited (ASX:…

Read more »

A medical researcher works on a bichip, indicating share price movement in ASX tech companies
Healthcare Shares

The Aroa (ASX:ARX) share price has surged 60% since its IPO

The Aroa (ASX:ARX) share price has surged 60% since the Polynovo (ASX: PNV) competitor listed on the ASX in July.…

Read more »

asx investor daydreaming about US shares
⏸️ How to Invest

How to buy US shares from Australia right now

If you have been wondering how to buy US shares from Australia to gain exposure from the highly topical market,…

Read more »

⏸️ Investing

Why Fox (NASDAQ:FOX) might hurt News Corp (ASX:NWS) shareholders

News Corporation (ASX: NWS) might be facing some existential threats from its American cousins over the riots on 6 January

Read more »