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Why Bellamy’s Australia Ltd is among 3 shares at 52-week highs

While the overall market wobbles in Australia as news of US President Donald Trump’s “trade war” threats break, these three shares are capping off the week at the strongest price they’ve traded at in a year.

Bellamy’s Australia Ltd (ASX: BAL)

Shares in Tasmanian-owned baby food and formula company Bellamy’s Australia have quadrupled in value over the last 12-months opening today up 1.3% to $20.45 at the time of writing.

Goldman Sachs recently put a buy rating on the share after the release of solid half-year results on February 21 revealing Bellamy’s had managed to up revenue by 47.8% on the previous corresponding period to $179.9 million as EBITDA rose an astronomical 235.5% to $34.9 million and statutory NPAT was at $22.4 million.

They were stellar results indeed, and investors reacted in-kind, pushing the share price up to the 52-week high it sits at today.

Growth investors who are yet to buy into Bellamy’s may be unsure if they’ve missed the boat on this one, but as the company moves towards exceeding its FY18 guidance there may still be plenty of room in the price for those looking for a solid buy and hold option.

CSR Limited (ASX: CSR)

Shares in building products supplier and manufacturer CSR Limited have gone from strength-to-strength this week, opening today up another 2.4% to $5.54 – a 52-week high and the strongest the share price has looked since it hit similar highs in 2010.

CSR hasn’t had much to report lately, but with its interests in the smelting of aluminium through its 70% stake in Gove Aluminium Finance Limited, it will be interesting to see if the CSR share price is affected by investor sentiment about news the U.S. Government has moved to impose heavy tariffs on imported steel and aluminium.

Shares in CSR have been on a steady upswing since mid-2017 and the company will release its FY18 report on April 23.

Sandfire Resources NL (ASX: SFR)

Shares in mid-tier mining and exploration company Sandfire Resources NL have hit a 52-week high today, sitting at $7.91 at the time of writing, up from $6.20 at this time last year.

Sandfire has a solid portfolio of base metal, iron ore, manganese and gold projects.

Sandfire struck a deal with Auris Minerals for a farm-in venture at two high-grade copper projects in Western Australia in late February and the company will pay Auris $1.2 million for the right to earn interest on the two projects and can net up to 70% interest on the projects once a feasibility study, currently underway, is fulfilled.

Sandfire booked a solid half-year result on February 20 with an NPAT of $59.5 million, sales revenue and price adjustment gains of $296.2 million and strong cash flow from operating activities.

With a fully-franked interim dividend of 8c per share on the table for shareholders it is clear that investors have stuck with the copper and gold producer as it continues to deliver strong fundamentals and consistent growth.

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Motley Fool contributor Carin Pickworth has no position in any of the 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 Scott Phillips.

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