The S&P/ASX 200 Index (ASX: XJO) is up 2.5% and in new all-time high territory as we near the end of the second trading week of FY 2025. But some ASX shares have already done much better.
Now, two weeks is only a small snapshot for these ASX 200 shares and the broader market as far as what's yet to come for the full financial year. But try telling that to the investors who bought these companies near market close on 28 June and are already banking gains of more than 20%.
Which stocks are we talking about?
Read on!
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ASX 200 shares starting the 2025 financial year with a bang
The third best ASX 200 share to have bought at the end of FY 2024 is Whitehaven Coal Ltd (ASX: WHC).
Despite slipping over the past three trading days, shares in the Aussie coal stock remain up 13.0% since market close on 28 June, currently changing hands for $8.65 apiece.
There's been no price-sensitive news from the miner since its 19 April quarterly update.
But Whitehaven shares got a big boost along with other coal stocks following news of an underground fire at Anglo American's (LSE: AAL) Grosvenor coal mine in Queensland on 29 June. Anglo American has suspended production at the mine for an indeterminate time.
Whitehaven shares trade on a fully franked trailing dividend yield of 5.7%.
Moving on to the second-best performing ASX 200 share in FY 2025, we have gold share Red 5 Ltd (ASX: RED).
Shares in the ASX gold stock have surged 16.7% since market close on 28 June.
The gold miner enjoyed a big boost on Monday when it reported it had entered into a restructured hedge facility and security package, repaid all outstanding loans, and restructured the hedging from its legacy Silver Lake Resources Limited (ASX: SLR) common terms deed.
Red 5 also reported full-year gold sales of 455,259 ounces.
Which brings us to the best ASX 200 share to have held for the first two weeks of FY 2025, Coronado Global Resources Inc (ASX: CRN).
That's right, another big Australian coal stock, which also enjoyed a big boost from Anglo American's mine closure.
The Coronado share price ended FY 2024 at $1.185 and currently stands at $1.427. That sees the stock up 20.4% in only two weeks.
And it could have a lot further to run.
According to Bell Potter:
Throughout 2024, CRN should realise improved production volumes and subsequent cost benefits following the self-funded investment across its Australian and US operations. We expect CRN to generate improved free cash flow and shareholder returns going forward.
Our buy recommendation is underpinned by a supply constrained met coal environment, supporting long term prices. We see the potential for CRN to participate in industry consolidation.
The broker has a 'buy' rating and a $1.85 price target for the ASX 200 share. That represents a further potential upside of almost 30% from current levels.
