A decline in the share price doesn't automatically mean the business is great value. But, given where the earnings of the following shares are likely to go, I think the three ASX shares below are strong buys.

Siteminder Ltd (ASX: SDR)

Siteminder is a software provider for 53,000 hotels around the world, and it's growing at a quick pace. During the first half of FY26, it added 2,900 hotel properties to its customer base.

The ASX share has a goal of growing its annual recurring revenue (ARR) by 30% annually, which would be a tremendous rate of improvement. In the FY26 half-year result, ARR increased 29.7% to $280.3 million, while revenue grew 25.5% to $131.1 million.

As a software business, its costs aren't likely to climb at the same rate as its revenue because it's so low-cost to sell one more software subscription to a new hotel. That's partly why we saw adjusted operating profit (EBITDA) more than double to $12.3 million.

The ASX share is rolling out new modules to help its clients generate stronger revenue from its hotels throughout the year, which is also helping increase Siteminder's average revenue per user (ARPU).

Using the profit forecast on CMC Invest, the Siteminder share price is valued at 24x FY28's estimated earnings. That looks really good value if Siteminder's revenue grows faster than 20% per year in the next few years.

Centuria Industrial REIT (ASX: CIP)

This is a real estate investment trust (REIT) that owns a national portfolio of industrial properties across Australia. It's properties like these that are the backbone of the supply chains, distribution networks, data centres, and food/medicine.

The rental potential of the ASX share's portfolio is increasing thanks to tailwinds like a growing population, increasing adoption of online shopping, data centre demand, and so on. The REIT says that its portfolio is 20% under-rented, so its rental income has significant growth potential over the next several years as rental contracts are renewed.

Centuria Industrial REIT reported that in the first six months of FY26, its net operating income (NOI) grew by 5.1%, and it is guiding that its funds from operations (FFO) could grow up to 6% in FY26.

Centuria Industrial REIT looks cheap to me because its reported net tangible assets (NTA) was $3.95 at 31 December 2025, so it's at a discount of around 25%.

Aeris Resources Ltd (ASX: AIS)

This ASX mining share describes itself as a mid-tier base and precious metals producer.

Its key focus is copper, while also having a pipeline of "organic growth projects and an aggressive exploration program and continues to investigate strategic merger and acquisition opportunities", according to Aeris Resources.

The longer-term rise of the copper price has really helped the ASX share's profit outlook. In HY26, its revenue rose by 4.6% to $306.3 million, while cost of sales reduced 9% to $212.8 million.

Its operating cash flow jumped 67% to $97.3 million, while net profit after tax (NPAT) grew 62% to $47.9 million.

I think there is plenty of room for growth in the ASX share through both increased production and potentially higher resource prices over time.

Using the forecast on CMC Invest, the Aeris Resources share price is valued at 2x FY26's estimated earnings.

The post 3 ASX shares now trading at crazy cheap prices! appeared first on The Motley Fool Australia.

This leaves the mining giant's shares close to a record high.

While this is great for shareholders, it could mean the rest of us have missed the boat on this one.

But never fear, Bell Potter has named another ASX copper stock with major upside potential.

Which ASX copper stock?

The stock that Bell Potter is bullish on is Aeris Resources Ltd (ASX: AIS).

It was pleased with its half-year results release this week but concedes that it fell short of consensus estimates. The broker said:

AIS has released its 1HFY26 financial report, with key metrics in-line with our forecasts but a miss vs consensus. Key metrics included: revenue: $306m vs BPe $299m (cons. $311m); EBITDA: $116m vs BPe $114m (cons. $128m); NPAT: $48m vs BPe $53m (cons. $72m). Following an equity raise during the period and debt repayment, AIS is now debt free. At end December AIS held cash and metal receivables of $113m with nil drawn debt for net cash $113m. This was up from a net cash position of $14m at end June 2025.

Overall, the broker felt that this was a good result from the ASX copper stock. It adds:

We view this as a good result, with the financial performance reflecting the strengthening outlook for the business and demonstrating earnings leverage to rising copper and gold prices. EBITDA margins lifted to 37% from 28% vs PcP as a result of good cost control and rising copper and gold prices. Operating cash flow lifted 67%, to $97.3m from $58.3m vs PcP. Earnings lifted by 62% vs the PcP, to $48m as this performance flowed through.

We point out that new / current AIS shareholders have the benefit of historic tax losses. On our forecasts we do not expect AIS to pay cash tax until 2HFY27. AIS has maintained its FY26 guidance, implying strong production growth and steady costs to finish the year.

Big returns could be on the way

According to the note, the broker has retained its buy rating and 90 cents price target on Aeris' shares.

Based on its current share price of 53 cents, this implies potential upside of 70% for investors over the next 12 months.

Commenting on its buy recommendation, Bell Potter said:

AIS is a copper-dominant producer, with its near-term outlook highly leveraged to the copper price, increasing production at Tritton and gold production at Cracow. Tritton is a strategic regional asset and potential corporate target, in our view. With upside to our Target Price supported by low valuation multiples it remains a key pick for CY26. Our Target Price of $0.90/sh is unchanged on this update and we maintain our Buy recommendation.

The post Why this ASX copper stock could be a better buy than Rio Tinto appeared first on The Motley Fool Australia.

At the time of writing, shares in the copper and gold producer are up 0.98% to 51.5 cents. The modest gain adds to what has been an extraordinary run for shareholders, with the stock up around 220% over the past 12 months.

Here is what the company reported.

Profit jumps as margins improve

For the half-year, Aeris delivered revenue of $306.3 million, up 5% on the prior corresponding period.

Cost of goods sold fell 9% to $212.8 million, helping drive a sharp lift in profitability. Gross profit rose 57% to $93.5 million, while adjusted EBITDA increased to $133 million from $84.8 million a year earlier.

Net profit after tax (NPAT) came in at $47.9 million, up 62% from $29.6 million in the prior period. Basic earnings per share (EPS) increased to 4.7 cents from 3.1 cents.

Operating cash flow was strong at $97.3 million for the half, supported by improved commodity pricing and steady production across key assets.

Balance sheet strengthened

Aeris finished the half with cash and cash equivalents of $87.9 million, up significantly from $28.2 million at 30 June 2025.

Net assets increased to $452.6 million from $317.7 million at the end of the previous financial year.

Importantly, the company fully repaid and cancelled its $50 million WHSP loan facility during the half. Management said this materially deleverages the balance sheet and reduces future interest costs.

The stronger financial position provides additional flexibility as the company continues to invest in exploration and project development activities.

Operations remain steady

During the half, Tritton copper operations produced 11,141 tonnes of copper, up from the prior corresponding period. Cracow gold operations also delivered solid output.

Higher gold and copper prices provided a supportive backdrop, helping offset cost pressures and underpinning margins.

Globally, copper prices have remained firm amid ongoing supply constraints and steady industrial demand. Gold prices have also traded at much higher levels, supporting revenue for producers with exposure to the metal.

Aeris said it remains on track to meet its FY26 production guidance, with continued drilling and development work underway across its portfolio.

Foolish Takeaway

Aeris Resources delivered a stronger half-year result, driven by higher commodity prices, improved margins, and disciplined cost control.

Profit, cash flow, and net assets all increased, and the company has materially reduced debt by repaying its WHSP facility.

With copper and gold prices remaining supportive, Aeris enters the second half of FY26 in a stronger financial position.

The post Which ASX stock is pushing higher after strong half-year results appeared first on The Motley Fool Australia.

The market's largest pure-play copper share, Sandfire Resources Ltd (ASX: SFR), is up 75% over the past 12 months.

Meantime, shares in the world's largest copper producer, BHP Group Ltd (ASX: BHP), have lifted 25% over the same period.

In 2025, the copper price rose by 42%.

Last month, the red metal hit a new record above US$6.30 per pound before retreating to the high US$5 range this month.

Here are 2 ASX copper shares that are buy rated by the experts.

True North Copper Ltd (ASX: TNC)

The True North Copper share price closed at 49 cents on Friday, up 19.5% over the past year.

True North's flagship asset is the Mount Oxide exploration project, which has copper, silver, and cobalt deposits.

The current JORC mineral resource estimate (MRE) is 220 kt of copper, 5.13 Moz of silver, and 21.2 kt of cobalt.

True North Copper also owns the Cloncurry Copper Project and provided an MRE update last week.

The copper resource estimate increased 7% to 109 kt Cu and the gold resource estimate lifted 9% to 84 koz Au.

True North Copper said:

The updated MRE's provide a current technical baseline to support ongoing Cloncurry Copper Project Pre-Feasibility (PFS) study work, including evaluation of future development options and underground potential.

Morgans has a buy rating on this ASX copper share with a 12-month target of $1.20.

This suggests a possible 145% capital gain over the next year.

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price closed at 51 cents on Friday, up 240% over 12 months.

After Aeris released its 2Q FY26 report on 29 January, Morgans maintained its accumulate rating.

The broker also lifted its 12-month price target from 60 to 70 cents.

Since then, Aeris has announced new drilling results and the acquisition of Peel Mining Ltd (ASX: PEX).

This will give Aeris ownership of Peel's South Cobar Copper Project, comprising the Mallee Bull and Wirlong mines.

Aeris Resources said the deal represented "a highly synergistic combination" of its Tritton mine with Peel's South Cobar Project.

South Cobar has a contained MRE of 10.6Mt @ 1.85% Cu for 197kt of contained Cu and is within haulage distance of Tritton.

Peel intends to demerge its other Cobar assets into a new company.

Morgans upgraded its rating from accumulate to buy on the news, commenting:

AIS is acquiring Peel Mining's (PEX) South Cobar Copper Project, extending Tritton's resource base and supporting a credible 10+ year mine life.

Mallee Bull adds high-grade, largely indicated resources, improving production visibility and enabling stronger mill utilisation, lower unit costs and enhanced operating leverage from ~FY29.

Upgrade to BUY with a A$0.70ps target price, with the transaction strengthening Tritton's long-term outlook.

The price target suggests a potential 37% upside over the next year.

The post 2 ASX copper shares to buy: experts appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Monday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set for a good start to the week despite a mixed finish on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 51 points or 0.55% higher. In the United States, the Dow Jones was up 0.1%, the S&P 500 rose a fraction, and the Nasdaq edged 0.2% lower.

Oil prices edge higher

It could be a positive start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices edged higher on Friday night. According to Bloomberg, the WTI crude oil price was up 0.1% to US$62.89 a barrel and the Brent crude oil price was up 0.35% to US$67.75 a barrel. Traders were buying oil after data showed a slowdown in US inflation.

Treasury Wine results

Treasury Wine Estates Ltd (ASX: TWE) shares will be on watch on Monday when the wine giant releases its half-year results. The team at Morgans isn't expecting any surprises given that management has released guidance for the half. It said: "1H26 underlying EBITS guidance is A$225-235m, down 40-42.5% on 1H25. Penfolds EBITS is expected to fall 20%, Treasury America (TA) by 67% and Treasury Collective (TC) by 56.5%. Depressed earnings/cashflow means that TWE's 1H26 gearing of 2.5x will be well above its target range of 1.5-2.0x. We don't expect the Board to declare an interim dividend."

Gold price jumps

ASX 200 gold shares including Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a good start to the week after the gold price jumped on Friday night. According to CNBC, the gold futures price was up 2.3% to US$5,063.8 an ounce. This was driven by the release of US inflation data, which supported interest rate cut hopes.

Buy Aeris shares

Bell Potter thinks investors should buy Aeris Resources Ltd (ASX: AIS) shares following a recent acquisition announcement. This morning, the broker retained its buy rating on the copper miner's shares with an improved price target of 90 cents. It said: "AIS is a copper-dominant producer, with its near-term outlook highly leveraged to the copper price, increasing production at Tritton and gold production at Cracow. Tritton is a strategic regional asset and AIS is leveraging that to extract value from this deal."

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

But with the mining giant already trading strongly, investors looking for bigger upside in the copper space may want to look further down the market cap spectrum.

According to Bell Potter, Aeris Resources Ltd (ASX: AIS) shares could offer significantly more upside from current levels. Here's why.

What is the broker saying?

Bell Potter believes this ASX copper stock has made a value-accretive move with its proposed acquisition of Peel Mining via an all-scrip deal. The broker said:

AIS has made what we believe is a value accretive, strategic acquisition that bolsters and de-risks the long-term production outlook for its Tritton Copper Mine in NSW. We see potential for an extended mine life of +10 years and sustainable production rates of ~30ktpa copper in concentrate.

Under the deal, Aeris will acquire the Mallee Bull and Wirlong copper projects, which sit within trucking distance of Tritton. Bell Potter explains:

The primary assets of PEX are the Mallee Bull and Wirlong copper projects which contain a combined Resource of 10.6Mt @ 1.85% Cu for 197kt contained Cu. They sit within a ~150-200km trucking radius of Tritton. Combined with the current Resource at Tritton this is a total Resource of 29.5 Mt @ 1.73% Cu for 511kt contained Cu.

The broker believes this could extend Tritton's mine life beyond 10 years, improve operating flexibility, and allow full utilisation of the processing plant.

Value accretive deal

On its modelling, Bell Potter sees meaningful value uplift from the acquisition. The broker said:

This adds ~$350m to our NPV for Tritton, which we risk adjust 15% lower to $300m… On our assumptions, this shows the acquisition to be strongly value accretive compared with the $170m value of AIS' scrip consideration for PEX.

Importantly, the acquisition strengthens Aeris' position in the Cobar Basin, which Bell Potter believes enhances its strategic regional footprint.

Earnings upgrades

Bell Potter has also upgraded its forecasts in response to the deal and updated commodity assumptions. The broker noted:

EPS changes in this report are: FY26: +9%, FY27: +12% and FY28: +27% on higher copper price forecasts. AIS is a copper-dominant producer, with its near-term outlook highly leveraged to the copper price, increasing production at Tritton and gold production at Cracow.

The broker's earnings estimates show strong forecast growth, with EBITDA expected to rise from $160 million in FY 2025 to $310 million in FY 2026 and then $404 million in FY 2027.

Time to buy this ASX copper stock

According to the note, Bell Potter has maintained its buy recommendation and lifted its price target to $0.90 (from $0.82).

Based on its current share price of 51 cents, this implies potential upside of 76% for investors over the next 12 months.

The post Forget Rio Tinto, this ASX copper stock could rise 75%+ appeared first on The Motley Fool Australia.

Perhaps the new year is set to be just as strong, with materials already up 12.7% year-to-date, despite the recent commodities rout.

This compares to a 2.7% bump for the All Ordinaries Index (ASX: XAO) and a 3.6% lift for the S&P/ASX 200 Index (ASX: XJO).

The largest mining stock on the market, BHP Group Ltd (ASX: BHP), reached a near four-year high of $52.64 per share yesterday.

Other ASX mining shares are trading at record highs.

These include gold miner Northern Star Resources Ltd (ASX: NST) and diversified miner Rio Tinto Ltd (ASX: RIO).

If you're looking for investment ideas in the mining space, here are three stocks with buy ratings from the experts.

Ramelius Resources Ltd (ASX: RMS)

The Ramelius Resources share price closed at $4.69 on Thursday, down 0.42% for the day and up 82% over the past year.

Shaw and Partners has a buy rating on this ASX gold mining share.

The broker's 12-month share price target is $6.50, implying a potential near-40% upside from here.

Shaw and Partners said:

Ramelius is embarking on a heavy investment phase over the next four years, yet our revised gold price outlook suggests they will maintain a robust upward trajectory in liquidity, with free cash flow yields tripling by 2030.

The market likely underestimates the production potential at Dalgaranga, and given management's history of conservative forecasting, further discoveries at Cue or Magnet could easily push performance beyond current expectations.

Check out some 2026 gold price forecasts here.

Turalco Gold Ltd (ASX: TCG)

The Turalco Gold share price closed 3.7% higher at 71 cents yesterday.

The ASX gold mining share has risen 103% over the past 12 months.

Morgans maintained its buy rating on Turalco after a visiting its Afema Gold Project in Côte d'Ivoire.

The broker commented:

Afema represents one of the largest undeveloped gold projects on the ASX, hosting a 4.06Moz resource at 1.2g/t Au.

The visit included all key resource prospects, future growth corridors, site infrastructure, core yard and a visit through the local community — reinforcing both the scale of the system and development readiness.

Morgans raised its 12-month share price target from $1.63 to $2.19, implying a potential 200%-plus upside from here.

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price closed at 53 cents on Thursday, down 6.2% for the day but up 231% over the past year.

After the company released its 2Q FY26 report, Morgans maintained its accumulate rating

The broker also lifted its price target on the ASX copper mining share from 60 to 70 cents.

This suggests a possible 30%-plus capital gain over the next year.

The broker said:

Solid 2Q26 delivery. Cracow continues its strong performance and Tritton operated broadly to plan.

Our earnings forecasts and valuation have been upgraded to reflect the company's improved earnings outlook for the remainder of FY26 in the current copper and gold price environment.

Check out Goldman Sachs' 2026 forecast for the copper price here.

The post 3 ASX mining shares to buy: brokers appeared first on The Motley Fool Australia.

At the time of writing, the Aeris share price is up 8.08% to 53.5 cents. In comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) is edging 1.6% higher.

That move adds to an already remarkable run, with the stock now up around 240% over the past 12 months.

Let's take a closer look at today's update to the market.

Strong gold intersections grab attention

According to the release, Aeris reported significant gold intersections from the first diamond drill holes at Golden Plateau. The results are from a planned 30-hole program within the Cracow project.

Early drilling confirmed high-grade mineralisation within existing Cracow mining leases. This supports the view that Golden Plateau could become an additional source of ore for the operation.

Highlights included:

• 5.0 metres at 12.7 grams per tonne gold from 45.6 metres at the Fernyside lode
• 19.3 metres at 0.9 grams per tonne gold from 188 metres, including narrower higher-grade zones, within the Main Lode under the former open pit

The company said the drilling shows mineralisation continues along strike from earlier high-grade areas. It also identified broader mineralised zones below the old pit.

Why Golden Plateau could be very important

Golden Plateau is close to the existing Cracow processing facility and sits within Aeris' current mining leases.

This means any future development could use existing infrastructure, which may reduce costs and speed up development.

The company believes the drilling shows mineralisation continues beyond historic workings and into deeper zones. If further results support this, Golden Plateau could help extend the life of the Cracow operation.

More drill results are coming

The results reported so far cover only the first 2 holes of a broader diamond drilling program. In total, 16 holes have already been completed, with assays expected to be returned progressively as the program continues.

The full drill program aims to improve the geological model, assess several lodes, and support future mine planning and approvals.

Foolish Takeaway

Aeris Resources has reported early drilling that points to continued mineralisation at Golden Plateau.

The intersections suggest Cracow may still offer further upside, supported by existing infrastructure and additional drilling underway.

After a 240% rise over the past year, expectations are already high. These early findings do offer some near-term support, though further confirmation will be important to sustain the share price's recent run.

The post This ASX mining stock is up 8% after eye-catching gold drilling update appeared first on The Motley Fool Australia.

Top broker Morgans gives the following ASX miners a buy rating.

Here's why.

Ramelius Resources Ltd (ASX: RMS)

This ASX gold mining share is up 2.05% to $4.50 apiece on Tuesday.

Ramelius Resources shares have rocketed 78% over the past 12 months, while the gold commodity price has ascended 68%.

After the miner revealed its 2Q FY26 results, Morgans remained buy-rated on the stock and lifted its price target from $4.50 to $5.50.

However, the broker downgraded its recommendation from buy to accumulate.

Morgans said:

RMS reported its 2Q26 result following its pre-release update on 8 January, delivering production of 45.6koz at an AISC of A$1,977/oz.

RMS remains on track to meet FY26 guidance of 185–205koz at an AISC of A$1,700–A$1,900/oz, with YTD production now at 100.6koz at an AISC of A$1,901/oz.

Lower production reflects the ongoing tapering of Cue open pit head grades, partially offset by higher-grade feed from Penny (9.8g/t Au).

Importantly, development at Dalgaranga has now accessed the high-grade Never Never orebody, with initial development ore stockpiled (16kt at 3.5g/t Au), providing a positive lead indicator for grade uplift into coming quarters.

Meeka Metals Ltd (ASX: MEK)

This fellow ASX gold mining share is 23 cents, up 5.5% today and up 132% over the past 12 months.

After reviewing the company's 2Q FY26 results, Morgans maintained its buy rating on Meeka Metals shares.

It also kept its 12-month share price target at 33 cents.

MEK delivered its 2Q26 operating result as the Murchison Gold Project continues to ramp up.

Gold production increased 28% quarter on quarter to 9.1koz Au and was in-line with MorgansF of 9.3koz Au.

Ounce production was underpinned by a mill head grade of 3.3g/t Au, ~10% above MorgansF assumptions; however, this grade outperformance is partially offsetting lower-than-expected throughput.

Looking ahead, improvements in mill throughput, driven by underground production remain key to maintaining alignment with PFS forecasts.

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is 58 cents, up 3% on Tuesday.

The ASX copper mining share has skyrocketed by 316% over the past 12 months.

Like gold, copper has also been on an upward trajectory, rising 35% year over year due to higher demand because of the energy transition.

Following Aeris Resources' 2Q FY26 report, Morgans maintained its accumulate rating and lifted its price target from 60 cents to 70 cents.

The broker said:

Solid 2Q26 delivery. Cracow continues its strong performance and Tritton operated broadly to plan.

Our earnings forecasts and valuation have been upgraded to reflect the company's improved earnings outlook for the remainder of FY26 in the current copper and gold price environment.

The post 3 ASX mining shares to buy: Morgans appeared first on The Motley Fool Australia.

Copper is benefiting from rising demand for real assets amid geopolitical and trade uncertainties and a rapidly falling US dollar.

Today, the Australian dollar is trading at 71 US cents, a three-year high.

Trading Economics analysts explained why copper rose so strongly today:

In recent developments, US President Donald Trump threatened Iran with military strikes far more severe than the attack he ordered in June unless the country agrees to a trade deal with Washington.

Trump's tariff threats against other nations, coupled with his apparent indifference to the dollar's weakness, further fueled the flight to metals.

Copper is also being supported by recurring supply tightness and robust industrial demand, particularly driven by the global transition to renewable energy and artificial intelligence.

Meanwhile, copper inventories in Shanghai, London, and New York have risen in recent weeks, pushing combined holdings above 900,000 tons.

Copper is in high demand as the green energy transition begins showing its impact in strongly rising commodity prices.

The red metal is essential for electrification.

It is a key input in much of the new infrastructure required for the energy transition and artificial intelligence systems.

It offers high ductility, malleability, and thermal and electrical conductivity, and is resistant to corrosion.

Copper is in wiring, electric vehicles (EVs), wind turbines, solar energy systems, telecommunications, and electronic products.

The US added the red metal to its Critical Minerals List in November.

What happened with ASX copper shares today?

BHP Group Ltd (ASX: BHP), now the world's largest copper producer, rose 2.1% to a two-year high of $51.66 per share.

The Rio Tinto Ltd (ASX: RIO) share price ascended 1.6% to a record $157.24.

The ASX 200's largest pure-play copper share Sandfire Resources Ltd (ASX: SFR) reached a record $21.30, up 5.2%.

Capstone Copper Corp CDI (ASX: CSC) shares soared 5.1% to a record $17.64 per share.

Aeris Resources Ltd (ASX: AIS) shares lifted 2.9% to a 52-week high of 70 cents.

The Develop Global Ltd (ASX: DVP) share price rose 2.2% to $5.65.

ASX exchange-traded fund (ETF) Global X Copper Miners ETF (ASX: WIRE) lifted 7.8% to a record $28.95.

However, not all ASX copper shares were buoyed by the commodity's surge today.

The Greatland Resources Ltd (ASX: GGP) share price fell 0.86% to $13.77.

WA1 Resources Ltd (ASX: WA1) shares fell 2.5% to $17.89.

Amid volatile geopolitics, investors are seeking safety in base metals like copper and precious metals like gold and silver.

The weaker US dollar is supporting these commodities.

Trading Economics analysts explain:

A softer dollar makes commodities priced in greenbacks, including copper, gold, and silver, more affordable for buyers using other currencies.

The gold price also surged to above US$5,600 per ounce today.

The analysts said:

Momentum picked up after President Trump dismissed the dollar's slide to four-year lows, signaling tolerance for currency weakness despite ongoing tariff threats and renewed criticism of the Federal Reserve's independence.

Meantime, the silver price ripped to above US$117 per ounce on the same tailwinds.

Gold is up 29% and silver is up 66% in the year to date.

The post ASX copper shares surge as commodity hits record high appeared first on The Motley Fool Australia.

This ASX ETF is having a tremendous run on the back of rising global demand for copper.

The copper price soared 42% in 2025 and hit a new record above US$6 per pound last week.

Copper is essential for electrification and is a key ingredient in much of the new infrastructure being built for the green energy transition.

It offers high ductility, malleability, and thermal and electrical conductivity, and is resistant to corrosion.

Copper is used in wiring, electric vehicles (EVs), wind turbines, solar energy systems, telecommunications, and electronic products.

The red metal was added to the US Critical Minerals List in November 2025.

Surging demand for copper has provided tremendous support to ASX copper shares, as well as two of our diversified major miners.

The market's largest pure-play copper share, Sandfire Resources Ltd (ASX: SFR), reached a record $19.61 per share yesterday.

Develop Global Ltd (ASX: DVP) shares also hit a record high of $5.46 this week.

Capstone Copper Corp CDI (ASX: CSC) shares reached a record of $15.89 last week.

The Aeris Resources Ltd (ASX: AIS) share price rose to a two-year high of 68 cents last week, too.

Shares in BHP Group Ltd (ASX: BHP), the world's largest producer, hit a 52-week high of $49.75 yesterday.

Rio Tinto Ltd (ASX: RIO), which began life 150 years ago as a copper miner in Spain, hit a record $154.75 per share last week.

All these price milestones bode well for WIRE ETF, which invests in most of these ASX copper stocks.

BHP shares make up 4% of investments and Sandfire Resources comprises about 3.2%.

Capstone Copper provides another 3%, and Develop Global makes up 0.36%.

What is $10,000 invested a year ago now worth?

On 16 January 2025, WIRE ETF closed at $12.91 apiece.

If you had put $10,000 into this ASX ETF then, it would have bought you 774 units (for $9,992.34).

There's been capital growth of $12.02 per unit since then, which equates to $9,303.48.

Therefore, your $10,000 investment in WIRE ETF a year ago would be worth $19,295.82 today.

Woah.

Total returns…

WIRE ETF also pays dividends (called 'distributions' with ETFs).

Global X paid 14.29 cents per unit in July 2025 and will pay 6.21 cents per unit today.

So, you will have received $158.67 in income over the past year.

Your capital gain of $9,303.48 plus your distributions of $158.67 gives you a total annual return, in dollar terms, of $9,462.15.

Remember, you invested $9,992.34 in WIRE this time last year.

This means you have received a total return, in percentage terms, of 95% over 12 months.

Ripper!

The post $10,000 invested in WIRE ETF a year ago is now worth… appeared first on The Motley Fool Australia.

Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone right now:

Aeris Resources Ltd (ASX: AIS)

According to a note out of Bell Potter, its analysts have retained their buy rating on this copper miner's shares with an improved price target of 82 cents. This follows news that the company has been granted development consent for its Constellation Project. Bell Potter notes that this is a major permitting milestone for Constellation, de-risking its pathway to production and the company's objective of commencing mining operations from mid-2026. This is good news given how strong copper prices have been over the past 12 months. Outside this, Bell Potter highlights that Aeris Resources could be an attractive corporate target, supported by low valuation multiples. The Aeris Resources share price is trading at 62 cents on Friday.

Premier Investments Ltd (ASX: PMV)

Another note out of Bell Potter reveals that its analysts have retained their buy rating on this retailer's shares with a reduced price target of $20.00. It notes that the Peter Alexander and Smiggle owner released its guidance for the first half and expects EBIT of $120 million. This was 10% short of consensus estimates for the period. Bell Potter points out that the Smiggle business is acting as a drag on its performance, particularly in the United Kingdom. And while the broker suspects that things could get worse for Smiggle before they get better, it still thinks investors should be snapping up shares. Especially given how it values the Peter Alexander brand at $2 billion. This compares to the company's market capitalisation of $2.2 billion. The Premier Investments share price is fetching $13.56 at the time of writing.

Suncorp Group Ltd (ASX: SUN)

Analysts at Morgan Stanley have retained their overweight rating on this insurance giant's shares with a trimmed price target of $22.25. According to the note, the broker thinks that a buying opportunity has opened up following share price weakness during the back end of 2025. And while it does see some risk to Suncorp's dividends, it is pleased with the overall business. It highlights that its earnings quality could improve materially given its reinsurance options. This could support a re-rating of its shares in 2026. The Suncorp share price is trading at $17.41 this afternoon.

The post Brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

Will the market be able to bounce back from this on Wednesday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set to rise on Wednesday following a strong night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 45 points or 0.5% higher this morning. In late trade in the United States, the Dow Jones is up 1%, the S&P 500 is up 0.65%, and the Nasdaq is up 0.6%.

Oil prices tumble

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a poor session after oil prices tumbled overnight. According to Bloomberg, the WTI crude oil price is down 2% to US$57.11 a barrel and the Brent crude oil price is down 1.75% to US$60.68 a barrel. This was driven by a lower supply outlook and Venezuelan output uncertainty.

BHP and Rio Tinto on watch

It could be a good session for BHP Group Ltd (ASX: BHP) shares and Rio Tinto Ltd (ASX: RIO) shares on Wednesday. Overnight on the NYSE, both mining giants saw their US-listed shares rise over 2% to new 52-week highs. This bodes well for the performance of their ASX-listed shares during today's session.

Gold price rises

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a good session on Wednesday after the gold price pushed higher again. According to CNBC, the gold futures price is up 0.85% to US$4,490.6 an ounce. The precious metal neared a record high after geopolitical risks boosted demand for safe haven assets.

Buy Aeris shares

Bell Potter thinks that Aeris Resources Ltd (ASX: AIS) shares are in the buy zone. The broker has retained its buy rating on the copper miner's shares with an improved price target of 82 cents (from 65 cents). It said: "AIS is a copper-dominant producer, with its near-term outlook highly leveraged to the copper price, increasing production at Tritton and gold production at Cracow. Tritton is an attractive corporate target, in our view, with upside to our Target Price supported by low valuation multiples. Our Target Price lifts 26% to $0.82/sh. We maintain our Buy recommendation."

The post 5 things to watch on the ASX 200 on Wednesday appeared first on The Motley Fool Australia.

As we all slowly get the wheels turning in 2026, brokers are also waking up from their holiday slumber.

Many are now providing a fresh outlook for the year ahead. 

One such company receiving new analysis is ASX materials stock Aeris Resources Ltd (ASX: AIS). 

The company is a precious metals explorer and producer. Its copper-dominant portfolio comprises four operating assets across four states. 

How did this materials stock perform last year?

Like many copper shares, Aeris Resources enjoyed a stellar 2025 on the back of record global commodity prices.

At the beginning of 2025, this ASX materials stock was trading for just $0.18, and by the end of the calendar year, it had soared to $0.60. 

That's a 236% rise. 

But after such a stellar performance, Bell Potter believes the growth isn't finished. 

In a report from the broker last week, the broker reiterated its buy recommendation. 

Key approval

In Bell Potter's report, the broker said the company has been granted Development Consent for its Constellation Project by the NSW Department of Planning, Housing and Infrastructure. 

The broker said this is a major permitting milestone for Constellation. It de-risks its pathway to production and its objective of commencing mining operations from mid-CY26. 

The Development Consent is issued under the Environmental Planning and Assessment Act and includes the Environmental Impact Statement (EIS), representing the main hurdle for the operational plan and environmental and social impact approvals.

The broker said it anticipates this will boost production at 100% owned Tritton Copper Mine in NSW in 2HCY26. 

Furthermore, higher ore grades and tonnages should drive higher production and lower costs, improving margins and cash flows for the company.

Bell Potter believes combined with current production from other sites, the new site will reinforce its status as the largest Australian copper mine not owned by a major mining company. 

This will further leverage AIS' exposure to a rising copper price and it remains one of our key picks in the sector.

Broker tipping more upside

Bell Potter raised its EPS guidance in FY26: +27%, FY27: +41% and FY28: +57% on higher copper price forecasts.

It has increased its price target to $0.82 (previously $0.65), and from yesterday's closing price, this indicates an upside of 37%. 

AIS is a copper-dominant producer, with its near-term outlook highly leveraged to the copper price, increasing production at Tritton and gold production at Cracow.

The post Why Bell Potter thinks this materials stock can soar 37% higher appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is up 4% to 59.7 cents. This copper miner's shares have been pushing higher this week thanks to an announcement relating to its Constellation Project. That announcement revealed that Aeris Resources has been granted development consent from the NSW Department of Planning, Housing and Infrastructure. Commenting on the news, Aeris Resources' executive chair, Andre Labuschagne, said: "Receiving development consent represents a key milestone for the project." Labuschagne added: Coupled with our recently declared Open Pit Ore Reserve, this places us in a strong position for Constellation to become the next major ore source for Tritton in the near term. We acknowledge and thank the NSW government for their continued support."

Cobram Estate Olives Ltd (ASX: CBO)

The Cobram Estate Olives share price is up 1.5% to $4.08. This olive oil producer's shares have been on fire this week thanks to news that it has signed an agreement to acquire California Olive Ranch. It is a leading producer and marketer of Californian extra virgin olive oil. Cobram Estate Olives has agreed to pay a total consideration of US$173.5 million for the acquisition. This comprises cash of US$88.5 million, the issuance of vendor notes worth US$70 million, and an earn-out payment US$15 million. Speaking about the deal, Cobram Estate Olives' chair, Rob McGavin, said: "The acquisition of California Olive Ranch, Inc., delivers a compelling set of strategic and financial benefits for CBO. It immediately expands our Californian olive growing footprint from approximately ~1,422 hectares to around ~3,292 hectares of planted groves, while accelerating sales growth through the addition of well-established, premium household brands."

Electro Optic Systems Holdings Ltd (ASX: EOS)

The Electro Optic Systems share price is up 3% to $9.42. Last week, this defence and space company announced a binding contract to deliver Remote Weapon Systems (RWS) to a prime contractor for integration onto a major U.S. Army ground combat vehicle. It revealed that the multi-year agreement with General Dynamics Land Systems includes RWS hardware, development, spare parts and training. The initial contract is for US$22m (approximately A$33 million). EOS shares are up over 600% in 2025.

Robex Resources (ASX: RXR)

The Robex Resources share price is up almost 5% to $5.75. This follows news that the gold miner's shareholders have approved its proposed merger with Predictive Discovery Ltd (ASX: PDI). Robex's managing director and CEO, Matthew Wilcox, said: "This has been a defining 10 days for Robex. On December 21, we achieved the first gold pour at Kiniero, and today, December 30, our shareholders approved the merger with Predictive. These two milestones demonstrate our ability to execute and position the combined company for rapid growth."

The post Why Aeris Resources, Cobram Estate, EOS, and Robex shares are charging higher today appeared first on The Motley Fool Australia.

Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is up 10% to 60 cents. This morning, the copper miner announced that its Constellation Project has been granted development consent from the NSW Department of Planning, Housing and Infrastructure. Aeris Resources' executive chair, Andre Labuschagne, said: "Receiving development consent represents a key milestone for the project." Labuschagne added: Coupled with our recently declared Open Pit Ore Reserve, this places us in a strong position for Constellation to become the next major ore source for Tritton in the near term. We acknowledge and thank the NSW government for their continued support."

Cobram Estate Olives Ltd (ASX: CBO)

The Cobram Estate Olives share price is up 16% to $3.79. Investors have been buying this olive oil producer's shares since it announced an agreement to acquire California Olive Ranch. It is the leading producer and marketer of Californian extra virgin olive oil. The company has agreed a total consideration of US$173.5 million. This comprises cash of US$88.5 million, the issuance of vendor notes worth US$70 million, and an earn-out payment US$15 million. Cobram Estate Olives' chair, Rob McGavin, said: "The acquisition of California Olive Ranch, Inc., delivers a compelling set of strategic and financial benefits for CBO. It immediately expands our Californian olive growing footprint from approximately ~1,422 hectares to around ~3,292 hectares of planted groves, while accelerating sales growth through the addition of well-established, premium household brands."

Metallium Ltd (ASX: MTM)

The Metallium share price is up 4.5% to 98.2 cents. This follows news that the critical and precious metals company has commenced commissioning at its Texas Technology Campus. Management believes this milestone represents a major step in de-risking its U.S.-based critical-metals recovery platform. It notes that commissioning activities are progressing in parallel with ongoing construction works to support future expansion.

Weebit Nano Ltd (ASX: WBT)

The Weebit Nano share price is up 11% to $5.45. This morning, this semiconductor company revealed that it has signed a licensing agreement for its ReRAM technology with Texas Instruments (NASDAQ;:TXN). In addition, the company released revenue guidance for FY 2026, revealing that it expects revenue of at least $10 million. The company's CEO, Coby Hanoch, said: "This agreement is another strong signal that the industry is moving towards ReRAM as the successor to flash memory in SoC designs."

The post Why Aeris Resources, Cobram Estate Olives, Metallium, and Weebit Nano shares are racing higher today appeared first on The Motley Fool Australia.

The strongly outperforming miner in question is Aeris Resources Ltd (ASX: AIS), with shares leaping higher again today.

Aeris Resources shares closed on Wednesday trading for 54.5 cents. In morning trade on Monday, following the four-day Christmas holiday trading break, shares are trading for 58 cents each, up 6.4%.

This sees the ASX All Ords copper stock up a whopping 241.2% since this time last year. Or enough to turn a $10,000 investment into $34,120. Not bad for a year's work.

Part of the meteoric rise can be attributed to the surging copper price. Copper is currently fetching US$12,163 per tonne, up almost 39% over 12 months. This comes amid rising demand for the red metal to meet the needs of the global energy transition at a time of limited new supplies.

But Aeris Resources has hardly been sitting on its laurels.

Here's what's piquing renewed investor interest today.

ASX All Ords copper stock rips higher on project go-ahead

The Aeris Resources share price is surging again today after the company announced that its Constellation Project has been granted development consent from the NSW Department of Planning, Housing and Infrastructure.

Constellation is a copper-gold-silver project located in New South Wales.

The ASX All Ords copper stock labelled the consent a "critical step" that enables Constellation to move towards development.

The project sits in the Cobar Basin Region, approximately 45 kilometres from the Tritton Processing Plant.

Management highlighted that the open-pit Ore Reserve Estimate includes a Probable Ore Reserve of 2.3 Mt at 2.0% Cu, 0.6 g/t Au, 3 g/t Ag, containing 47 kt Cu, 49 koz Au, and 228 koz Ag.

(Note: Cu = copper; Au = gold; Ag = silver.)

The Total Mineral Resource Estimate for the project stands at: 7.6 Mt at 2.0% Cu, 0.7 g/t Au, and 2.5 g/t Ag.

What did management say?

Commenting on the development green light from the New South Wales government that's boosting the ASX All Ords copper stock today, Aeris Resources executive chairman Andre Labuschagne said, "Receiving development consent represents a key milestone for the project."

Labuschagne added:

Coupled with our recently declared Open Pit Ore Reserve, this places us in a strong position for Constellation to become the next major ore source for Tritton in the near term. We acknowledge and thank the NSW government for their continued support.

The post Up 241% in 12 months, why is this ASX All Ords copper stock leaping higher again on Monday? appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is down 6% to 52 cents. This may have been driven by the copper miner's recent capital raising. Last week, Aeris revealed that it received total applications in excess of $21.6 million for its $10 million share purchase plan. It decided to increase the offer and accept all valid applications. This means that approximately 48 million new shares were issued to shareholders this morning at 45 cents per new share. It looks like some investors have decided to cash in their new shares for a quick profit.

Capricorn Metals Ltd (ASX: CMM)

The Capricorn Metals share price is down 3% to $14.35. This is despite the gold miner announcing an acquisition this morning. It has signed a binding agreement with Tempest Minerals Ltd (ASX: TEM) to acquire the prospective Yalgoo Project tenement package. It notes that the Yalgoo Project covers approximately 1,000 square kilometres of tenure located contiguous to Capricorn's Golden Range and Fields Find tenure. It is considered highly prospective for gold mineralisation, featuring multiple settings conducive to hosting economic gold deposits.

Paradigm Biopharmaceuticals Ltd (ASX: PAR)

The Paradigm Biopharmaceuticals share price is down 1.5% to 31.5 cents. Investors have been selling the late-stage drug development company's shares despite it releasing an update on its Phase 3 PARA_OA_012 clinical trial in knee osteoarthritis. Paradigm revealed that it has achieved 25% of its recruitment milestone for the trial. However, some participants will not commence dosing until the new year due to temporary shutdowns. Nevertheless, management notes that "the interim analysis remains on track for mid-calendar year 2026, with primary endpoint analysis for the full cohort expected in Q4 CY2026."

Silver Mines Ltd (ASX: SVL)

The Silver Mines share price is down 23% to 17.7 cents. This has been driven by the release of an update on its Bowdens Silver Project. Back in 2024, the NSW Court of Appeal voided the project's approval and it appears to be struggling to have that overturned. Silver Mines' managing director, Jo Battershill, said: "Since the Court Decision in August 2024, the Company has remained strongly focused on advancing the redetermination of the Bowdens Project Development Application. […] The result of this has been for the Company to agree to refreshing its ecological surveys and prepare an updated biodiversity assessment in accordance with the Biodiversity Conservation Act. While this approach extends the overall assessment timeframe, we believe it positions the Bowdens Project on a stronger footing for a successful and robust redetermination."

The post Why Aeris Resources, Capricorn Metals, Paradigm, and Silver Mines shares are sinking today appeared first on The Motley Fool Australia.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

Aeris Resources Ltd (ASX: AIS)

The Aeris Resources share price is down almost 4% to 52 cents. This morning, this copper miner revealed that it has increased its share purchase plan (SPP) offer in response to strong demand. Aeris was looking to raise $10 million at 45 cents per share, but received applications in excess of $21.6 million. It has decided to increase the offer instead of scaling back applications, with all valid applications accepted. Aeris Resources advised that proceeds from the share purchase plan will be applied to general working capital.

Netwealth Group Ltd (ASX: NWL)

The Netwealth share price is down 2.5% to $26.31. On Thursday, this investment platform provider has agreed to pay $100 million in compensation to First Guardian investors. In response, Ord Minnett has retained its hold rating on Netwealth's shares with a reduced price target of $27.75 (from $29.00). This implies potential upside of approximately 5.5% for investors. Elsewhere, the team at Citi remains positive and has retained its buy rating with a reduced price target of $30.65 (from $35.00).

Nova Minerals Ltd (ASX: NVA)

The Nova Minerals share price is down 12% to 90.5 cents. This gold and critical minerals stock has returned from suspension today after announcing the pricing of a US$20 million NASDAQ offering. The company advised that it intends to use the proceeds for planned exploration and development activities on its Estelle Project. This includes additional drilling and exploration, feasibility and environmental studies, camp expansion, permits and approvals, initial development activities, and for general corporate purposes and working capital.

Paragon Care Ltd (ASX: PGC)

The Paragon Care share price is down a further 9% to 20.5 cents. This medical equipment, devices, consumables, and pharmaceuticals provider's shares have been hammered this week. This has been driven by news that receivers and administrators have been appointed to 54 pharmacies in the Infinity Retail Pharmacy Group after it failed to repay its Wesfarmers Ltd (ASX: WES) debt. Paragon Care was also owed $47 million and that repayment now looks unlikely.

The post Why Aeris Resources, Netwealth, Nova Minerals, and Paragon Care shares are dropping today appeared first on The Motley Fool Australia.

Base metals have for much of the year played second fiddle to hot stocks in the resources sector such as rare earths, lithium and gold, with Bell Potter saying the market has been impacted by "the potential impact (or not) of global trade tariffs on economic growth and hence metal consumption''.

There is one metal about which analysts agree, however, as Bell Potter says:

In respect to copper, we remain cognisant of a tight supply-demand balance in the copper market and the sector's capacity to provide a supply response in the face of significantly stronger forecast demand. This is predicated on copper's base industrial demand with growth coming from exposure to the renewable energy/ electrification theme, electric vehicle uptake and new demand sources such as from data centres and AI. In our view, any opportunity to add production exposure amidst weak sentiment is an excellent buying opportunity.

Copper stock to watch

On the ASX, which is not short of copper exposure, the team at Bell Potter have singled out Aeris Resources Ltd (ASX: AIS) as a company worth looking at.

As they say:

Aeris Resources represents a copper dominant mining exposure whose primary assets are the Tritton Copper Operations in NSW and the Cracow Gold Mine in Queensland. Its near-term outlook is highly leveraged to rising copper grades and production at the Tritton copper mine.

This is underpinned by the company's plans to ramp up open pit mining in 2026, Bell Potter says, which they expect will drive margin expansion "into a rising copper price".

Bell Potter has a price target of 65 cents on Aeris shares compared with 52 cents currently, with Aeris valued at $586.1 million overall.

In other base metals the Bell Potter team like Nickel Industries Ltd (ASX: NIC).

As they said:

Nickel Industries operations are located in Indonesia and are long-life, bottom-of-the-cost-curve projects. In 1HCY26 we anticipate the delivery of major positive growth catalysts. These include ore production ramp up to a 19Mtpa run-rate (pending permits) at the Hengjaya Mine and the commissioning of the ENC HPAL project for ramp-up to full production of +70ktpa in1HCY26.

The analyst team expect these developments to increase production, margins and earnings for the company.

Bell Potter has a price target of $1.20 on Nickel Industries shares compared with 74.2 cents currently.

The post Bell Potter names two base metals companies which are worth a look appeared first on The Motley Fool Australia.