The S&P/ASX 200 Index (ASX: XJO) is having another poor session on Monday. In afternoon trade, the benchmark index is down 0.35% to 8,604.1 points.
Four ASX shares that are not letting that hold them back today are listed below. Here's why they are rising:
Image source: Getty Images
DPM Metals (ASX: DPM)
The DPM Metals share price is up 6% to $36.55. Investors have been buying the gold miner's shares on Monday following the release of a bullish broker note out of Macquarie. According to the note, the broker has maintained its outperform rating with an improved price target of $49.00. It said: "As outlined in our Initiation report we see DPM as attractive as it screens well for value, offers both FCF and growth and is strategically positioned in the emerging Balkan mining region."
Elders Ltd (ASX: ELD)
The Elders share price is up 5% to $7.30. This follows the release of the agribusiness company's FY 2025 results. For the 12 months, Elders reported a 12% increase in underlying EBIT to $143.5 million and a 34% rise in underlying net profit after tax. This was supported by a 2% lift in sales to $3.20 billion and margin expansion. Commenting on the year ahead, Elders' CEO, Mark Allison, said: "Our strategic acquisition of Delta Agribusiness and continued investment in systems modernisation highlight our commitment to sustainable growth and innovation. As we enter FY26 with a refreshed company structure and clear direction, I am optimistic about the opportunities ahead. Elders is well positioned to deliver stable, methodical performance and to grow alongside our clients and communities, supported by our excellent people."
Electro Optic Systems Holdings Ltd (ASX: EOS)
The EOS share price is up almost 5% to $5.01. Investors have been buying this defence stock today after it announced a big contract win. Electro Optic Systems revealed that it has secured a new order from a NATO member for its Slinger Counter-Drone Remote Weapon Systems (RWS) amounting to 11.4 million euros or approximately A$20 million. It also advised that its unconditional contract backlog currently stands at $400 million. This is almost three times greater than at the end of December.
Pro Medicus Ltd (ASX: PME)
The Pro Medicus share price is up 4% to $259.37. This has been driven by news that this health imaging technology company has won a new contract. Pro Medicus advised that it has signed a five-year contract worth A$44 million with Advanced Radiology Management. The company's CEO, Dr Sam Hupert, said: "Advanced Radiology Management is a highly regarded remote reading radiology group that provides innovative, high-quality patient care. They join an ever-growing list of Visage 7 clients to opt for our fully cloud-based platform, which, as a result of our CloudPACS strategy, is becoming the standard in the North American healthcare IT market."
