The S&P/ASX 200 Index (ASX: XJO) is down 0.2% in early afternoon trade on Thursday, but that's not keeping these three ASX 200 titans from notching new 52-week-plus highs.
One of today's stars is a financial company, the second produces uranium, and the third is a lithium producer.
So, which companies are hitting new high-water marks?
Read on!
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Macquarie Group Ltd (ASX: MQG) lifts on positive sentiment
Macquarie shares are up 1.7% at the time of writing, changing hands for $239.14 each.
That's the highest share price for the ASX 200 diversified financial stock since January 2025. And it sees the Macquarie share price up 33% in 12 months. Macquarie shares also trade on a partly franked 2.8% trailing dividend yield.
The last price-sensitive news out from the company was its third-quarter trading update back on 10 February.
But the stock may be getting an added boost this week amid an upgrade from Morgan Stanley. The broker has an overweight weighting on Macquarie shares with a $270 price target. That represents a potential upside of almost 13% from current levels.
PLS Group Ltd (ASX: PLS) gets a funding boost
PLS Group – formerly known as Pilbara Minerals – is also hitting new highs today.
Shares in the ASX 200 lithium titan are up 3.1% at the time of writing, trading for $5.56 apiece. That's not just a new one-year high, but if PLS can hold these gains to close, it will mark a new all-time high for the stock.
PLS looks to be getting an added boost today after announcing a new US$600 million (AU$847 million) debt funding issuance.
The new senior unsecured notes come due in 2031 at an annual interest rate of 6.88%. The lithium miner intends to use the proceeds to refinance its AU$375 million drawn-on revolving credit facility and for general operating purposes.
Paladin Energy Ltd (ASX: PDN) shares riding the uranium wave
Paladin Energy shares are also trading in new one-year-plus high territory today.
Shares in the ASX 200 uranium stock are up 4.4%, changing hands for $14.40 each. That's the highest level since June 2024.
There's no fresh news out from Paladin Energy, but the uranium sector is broadly outperforming today amid rising global sentiment for the nuclear fuel.
Looking at some of Paladin's chief rivals, Boss Energy Ltd (ASX: BOE) shares are up 6.1% today, Bannerman Energy Ltd (ASX: BMN) shares are up 4.4%, and Deep Yellow Ltd (ASX: DYL) shares are up 2.3%.
