Here's why investors sent them leaping higher this week.

Capricorn Metals Ltd (ASX: CMM)

At time of writing, Capricorn Metals shares are changing hands for $13.10 apiece, putting this ASX 200 stock up 10.1% since last Friday's close.

All of those gains, and then some, were delivered on Monday.

Capricorn Metals shares closed up 15.1% on the day after the ASX gold miner reported on its strong growth outlook.

That included a 33% increase in the miner's group ore reserves to 5.24 million ounces of gold. And Capricorn's group mineral resources increased by 29% to 8.66 million ounces.

The Aussie gold miner also stoked investor excitement with its Range 500 aspirations to lift gold production to 500,000 ounces per year over the longer term.

"Range 500 is an exciting opportunity for Capricorn to pursue given the significant growth already underway at Karlawinda and development ready at Mt Gibson," Capricorn executive chairman Mark Clark said.

Viva Energy Group Ltd (ASX: VEA)

Also enjoying a strong week of outperformance is Viva Energy.

Viva Energy shares are trading for $2.81 at time of writing, putting the ASX 200 energy stock up 12.2% for the week.

Viva Energy shares got a big boost on Tuesday after the release of the company's unaudited half-year results (H1 FY 2026).

Highlights included first half earnings before interest, taxes, depreciation and amortisation (EBITDA) in the range of $770 million to $780 million, up from $305 million in H1 FY 2025.

The company also cut its net debt down to $1.7 billion, down from $2.1 billion at 31 December.

Commenting on the performance, Viva Energy CEO Scott Wyatt said:

Our strong financial results reflect a substantially improved refining margin environment which has been driven by a regional shortage of oil supply and refining capacity, as well as improving retail sales growth and continuing strength of our commercial businesses.

Which brings us to…

Domino's Pizza Enterprises Ltd (ASX: DMP)

The third ASX 200 stock leaping higher this week following a big announcement is Domino's.

At time of writing, Domino's shares are down 6% for the day, swapping hands for $18.42 each. But following a strong week prior to today, Domino's shares remain up a market beating 10.8% for the week.

Shares in the ASX 200 fast-food pizza retailer closed up 9.1% on Thursday, following the the company's preliminary FY 2026 results.

Investors responded enthusiastically, with Domino's reporting it will achieve $60 million to $70 million in annualised cost savings following a strategic review of its assets and operational priorities.

Domino's also achieved its full-year profit guidance, reporting unaudited net profit after tax (NPAT) in the range of $118 million to $122 million.

The post 3 ASX 200 stocks flying higher this week on big news appeared first on The Motley Fool Australia.

What did Capricorn Metals report?

• Q4 FY26 gold production: 30,437 ounces at an all-in sustaining cost (AISC) of $1,648/oz
• FY26 annual gold production: 123,589 ounces at AISC of $1,629/oz
• FY27 gold production guidance: 137,000–147,000oz at AISC of $1,900–$2,100/oz
• Q4 operating cash flow: $115.8 million (down from $143.1m in Q3)
• Q4 sales: 34,271 ounces at an average $6,267/oz for $214.8 million revenue
• Cash and gold on hand at 30 June 2026: $507.0 million

What else do investors need to know?

The Karlawinda Expansion Project is progressing as planned, with construction activities moving into plant commissioning this quarter. Once finished, the expansion will support an increased production rate of around 150,000 ounces per year for Karlawinda.

Development at the Mt Gibson Gold Project also moved forward, with Capricorn securing approval from the Federal Government for project expansion and operation. With key State-level environmental submissions now lodged, site development is targeted for the December 2026 quarter, pending final permitting.

What's next for Capricorn Metals?

Capricorn expects gold production to rise in FY27, with guidance set 18.3% higher at the midpoint compared to FY26, mostly due to post-expansion throughput at Karlawinda. The company plans to complete commissioning at the expansion project in the current quarter, aiming for a long-term run rate of 150,000 ounces per year.

At Mt Gibson, permitting and early works are ongoing. Should approvals remain on track, initial development activities could begin later in 2026, supporting Capricorn's growth pipeline. Exploration drilling across the portfolio is ongoing, with several high-grade results providing future resource growth opportunities.

Capricorn Metals share price snapshot

The Capricorn Metals share price is up around 42% over the past 12 months. As a comparison, the S&P/ASX 200 index (ASX: XJO) is only up by 2.6%.

View Original Announcement

The post Capricorn Metals reports record gold production and FY27 growth outlook appeared first on The Motley Fool Australia.

Will the market be able to build on this on Tuesday? Here are five things to watch:

ASX 200 to fall

The Australian share market looks set for a tough session on Tuesday following a mixed night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 39 points or 0.45% lower. In late trade in the United States, the Dow Jones is up 0.25%, but the S&P 500 is down 0.2% and the Nasdaq is 0.5% lower.

Buy EOS shares

Electro Optic Systems Holdings Ltd (ASX: EOS) shares could be good value according to analysts at Bell Potter. This morning, in response to the defence and space company's quarterly update, the broker has retained its buy rating with an improved price target of $12.60 (from $12.50). It said: "We retain our Buy rating and raise TP to $12.60 on higher multiple. EOS is positioned as a market leader across many C-UAS verticals and is leveraged to increasing defence budget allocations to C-UAS technologies. Key catalysts over next 3-12 months: Large MARSS C2 Middle East signings and two large UAE HELW JV orders."

Oil prices sink

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could be under pressure today after oil prices sank overnight. According to Bloomberg, the WTI crude oil price is down 7.3% to US$82.78 a barrel and the Brent crude oil price is down 8.5% to US$88.58 a barrel. Traders were selling oil after the US and Iran paused fighting.

Gold price rises

It could be a decent session for ASX 200 gold shares Genesis Minerals Ltd (ASX: GMD) and Capricorn Metals Ltd (ASX: CMM) after the gold price rose overnight. According to CNBC, the gold futures price is up 0.15% to US$4,076 an ounce. Falling oil prices have reduced US interest rate hike bets, which is good news for the precious metal.

Buy Santana Minerals shares

The team at Bell Potter continues to see significant value in Santana Minerals Ltd (ASX: SMI) shares. This morning, the broker has responded positively to the gold explorer's latest drilling update and has retained its speculative buy rating and $1.70 price target. It said: "The BOGP is one of the most advanced and highest margin greenfield gold projects on the ASX. Despite the technical progress, the share price has traded lower on perceived risk around the pending FTA Determination. In our view, the project is technically robust, designed to exacting standards and operating conditions that stand up to intense scrutiny."

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

After a shaky week that ended with a significant drop on Friday, investors came back from the weekend with some pep in their steps today. After staying comfortably in green territory all session, the ASX 200 ended up closing 1.39% higher. That leaves the index at a flat 8,894 points.

This happy start to the Australian trading week followed a mixed conclusion to the American week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) overcame some jitters to close 0.46% higher.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) went the other way, dropping down 0.64%.

But let's get back to this week and our local markets now and check out how today's gains filtered down into the various ASX sectors this session.

Winners and losers

Today's gains were almost universal, with only one sector missing out on a rise.

That unlucky sector (no prizes for guessing) was energy shares. The S&P/ASX 200 Energy Index (ASX: XEJ) was abandoned, crashing 2.99% lower.

It was a veritable party everywhere else, though.

Leading the celebrations were tech stocks, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) rocketing 4.52% today.

Close behind that were gold shares. The All Ordinaries Gold Index (ASX: XGD) soared up a happy 3.89%.

Broader mining stocks didn't miss out either, illustrated by the S&P/ASX 200 Materials Index (ASX: XMJ)'s 2.42% surge.

Real estate investment trusts (REITs) also ran hot. The S&P/ASX 200 A-REIT Index (ASX: XPJ) roared up 1.68% this session.

Industrial stocks saw decent demand too, with the S&P/ASX 200 Industrials Index (ASX: XNJ) galloping 1.53% higher.

Healthcare shares lived up to their name this Monday. The S&P/ASX 200 Healthcare Index (ASX: XHJ) jumped 1.44% by the closing bell.

Communications stocks were right behind that, as you can tell from the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 1.41% leap.

Financial shares didn't miss out. The S&P/ASX 200 Financials Index (ASX: XFJ) advanced 1.19%.

Nor did consumer discretionary shares, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) increasing its value by 0.81%.

Its consumer staples counterpart held up. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) enjoyed a 0.68% lift today.

Finally, utilities shares staged a late recovery to get across the line, evident by the S&P/ASX 200 Utilities Index (ASX: XUJ)'s 0.4% bounce.

Top 10 ASX 200 shares countdown

Today's chart-topper was gold stock Capricorn Metals Ltd (ASX: CMM). Capricorn shares had a blowout, exploding 15.13% higher to finish at $13.70 each. Most gold stocks did well, but Capricorn was boosted further by some pleasing market updates, which we examined here.

Here's the rest of today's best: 

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Capricorn Metals shares closed on Friday trading for $11.90. In morning trade on Monday, shares are changing hands for $13.70 apiece, up 15.1%.

For some context, the ASX 200 is up 0.9% at this same time.

Here's what's piquing investor interest.

ASX 200 gold stock surges on growth outlook

Capricorn Metals shares are leaping higher following several growth-oriented announcements this morning.

The ASX 200 gold stock is catching significant tailwinds after revealing a 33% increase in its group ore reserves to 5.24 million ounces of gold.

Capricorn's group ore reserves include its two wholly owned projects, the operating Karlawinda Gold Project (KGP), and the near-term development Mt Gibson Gold Project (MGGP), both located in Western Australia.

The miner's group mineral resources increased by 29% to 8.66 million ounces.

The ASX 200 gold stock also released an updated pre-feasibility study (PFS) for Mt Gibson.

The PFS forecasts gold production to average 260,000 ounces a year from underground and open pit mining for the four full years of underground mining at Mt Gibson. Over the projected 19.25 year mine life, gold production is forecast to average 190,000 ounces per years for 18 years. That equates to 3.5 million ounces of gold at an all-in sustaining cost (AISC) of $1,870 per ounce.

Capricorn expects $19.3 billion in revenue from Mt Gibson over this time, with pre-tax free cash flow of $12 billion.

Separately, Capricorn also highlighted its Range 500 aspiration to boost gold production to 500,000 ounces per year over the longer term.

What did Capricorn Metals management say?

Commenting on the updated PFS sending the ASX 200 stock rocketing today, Capricorn executive chairman Mark Clark said:

The strong growth in Capricorn gold reserves to over 5 million ounces underpins long mine lives at both Karlawinda and Mt Gibson along with compelling and deliverable growth in our gold production profile to over 400,000 ounces per annum within 2.5 years of commencement of operations at Mt Gibson.

As for the Range 500 ambitions, he said, "Range 500 is an exciting opportunity for Capricorn to pursue given the significant growth already underway at Karlawinda and development ready at Mt Gibson."

Clark added:

With the current medium-term gold production outlook for the combined business now over 400,000 ounces per annum, pursuing growth to 500,000 ounces per annum by optimising Mt Gibson and Golden Range is a significant value creation goal to pursue.

Achieving this goal has the potential to lift Capricorn into a uniquely attractive position in the Australian mid-tier gold mining space.

The post Guess which ASX 200 gold stock is leaping 15% on Monday on big growth news appeared first on The Motley Fool Australia.

What did Capricorn Metals report?

• Group ore reserves increased to 5.24 million ounces, up 33%.
• Group mineral resources rose to 8.66 million ounces, up 29%.
• Mt Gibson Pre-Feasibility Study (PFS) projects 260,000 ounces per year steady-state production over a 19-year mine life at A$1,870/oz AISC.
• Karlawinda expansion to 150,000 ounces per year, targeting commissioning in Q1 FY27.
• Medium-term group gold production forecast now above 400,000 ounces per year within 2.5 years of Mt Gibson project commencement.
• Range 500 aspiration set to lift production to 500,000 ounces per year in the longer term, subject to further studies and drilling.

What else do investors need to know?

Capricorn Metals has highlighted robust growth at both its Karlawinda and Mt Gibson gold projects, providing a strong foundation for long mine lives at competitive costs. The Mt Gibson PFS update marked the first inclusion of an underground mining component, confirming the project's scale and growth prospects.

The company remains debt free, with a strong balance sheet including $507 million in cash and bullion to support upcoming growth initiatives. A study is also underway to assess the potential for a second processing hub at Golden Range, which could further boost output over the next few years.

What's next for Capricorn Metals?

Capricorn Metals' outlook is underpinned by the fully funded development at Mt Gibson and the Karlawinda expansion, both expected to drive group output above 400,000 ounces per year in the medium term. The ongoing Range 500 study and aggressive drilling programs at both MGGP and Golden Range offer further growth opportunities to 500,000 ounces, though these are currently aspirational and subject to more work.

The company aims to maintain industry-leading costs and long mine lives through conservative resource assumptions and regular reserve updates, positioning itself as a leading Australian mid-tier gold producer.

Capricorn Metals share price snapshot

It has been a strong 12 months for the Capricorn Metals share price. Since this time last year, the gold miner's shares have outperformed the ASX 200 index with an impressive 31% gain.

View Original Announcement

The post Capricorn Metals reveals gold reserve growth and ambitious production outlook 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 session on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 48 points or 0.55% higher. In the United States, the Dow Jones rose 0.45%, the S&P 500 edged 0.05% higher, and the Nasdaq fell 0.65%.

Oil prices fall

ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) could have a poor start to the week after oil prices pulled back on Friday night. According to Bloomberg, the WTI crude oil price was down 3.1% to US$89.31 a barrel and the Brent crude oil price was down 3.9% to US$96.78 a barrel. This was driven by US-Iran peace talk optimism.

AFIC results

Australian Foundation Investment Co Ltd (ASX: AFI) shares will be on watch on Monday. That's because the investment company is scheduled to release its full-year results before the market open. During the first half, AFIC reported a 4.6% decline in net profit to $147 million. As well as its results, the company is also expected to announce a fully franked 14.5 cents per share final dividend and a 2.5 cents per share special dividend, together with the continuation of its on-market share buyback.

Gold price rises

It could be a positive start to the week for ASX 200 gold shares Capricorn Metals Ltd (ASX: CMM) and Northern Star Resources Ltd (ASX: NST) after the gold price rose on Friday night. According to CNBC, the gold futures price was up 0.5% to US$4,070.8 an ounce. A pullback in oil prices reduced rate hike bets and boosted the precious metal.

Buy Integrated Research shares

Bell Potter has named Integrated Research Ltd (ASX: IRI) shares as a buy with an improved price target of 38 cents this morning. This follows the release of a mixed trading update from the global provider of experience management solutions for business-critical technology environments. It said: "We maintain our BUY recommendation and note that the shares are currently trading at close to cash backing. Given the low EV, we expect some update on capital management and/or other initiatives at the release of the FY26 result next month. We currently assume the resumption of modest dividends from FY27 onwards but the current share price and significant cash position suggest something more material could be done."

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

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

ASX 200 to tumble

The Australian share market looks set for a poor session on Tuesday following a mixed night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 39 points or 0.45% lower. In late trade in the United States, the Dow Jones is down 0.65% and the S&P 500 is down 0.2%, but the Nasdaq is edging higher.

Navigator Global shares given buy rating

Navigator Global Investments Ltd (ASX: NGI) shares could be in the buy zone according to Morgans. This morning, the broker has retained its buy rating on the investment company's shares with a reduced price target of $3.13 (from $3.39). It commented: "NGI has released its June 2026 (4Q26) AUM update. We saw this as another broadly solid quarter, marked by a +6% increase in group ownership-adjusted AUM despite volatile markets, and with continued robust quarterly net flows into Lighthouse (+US$690m). We revise our NGI FY26F/FY27F EPS by +1%/-2%/-4%, with higher AUM forecasts offset by slightly lower operating margin assumptions. Our price target is reduced to A$3.13 (previously A$3.39). With >20% upside remaining to our PT, we maintain our BUY recommendation."

Oil prices rise again

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have another good session after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 1.5% to US$83.75 a barrel and the Brent crude oil price is up 1.4% to US$89.33 a barrel. Traders have been bidding oil higher following an increase in US-Iran tensions.

Gold price eases

It could be a subdued session for ASX 200 gold shares Genesis Minerals Ltd (ASX: GMD) and Capricorn Metals Ltd (ASX: CMM) after the gold price eased overnight. According to CNBC, the gold futures price is down 0.2% to US$4,012 an ounce. Concerns about US interest rate increases are weighing on the precious metal. 

Buy Regis Resources shares

Regis Resources Ltd (ASX: RRL) shares could still be undervalued according to analysts at Bell Potter. This morning, in response to the gold miner's production and cost guidance, the broker has retained its buy rating with a trimmed price target of $8.45 (from $9.45). It said: "The midpoint of FY27 production guidance is in-line with our forecast (~380koz) and FY26 actual (379koz), while noting there is upside to ~400koz. Duketon is forecast to lift production ~10% YoY, offsetting lower production at Tropicana. Overall, AISC are ~13% above our current group forecast (A$2,650/oz) as higher cost ounces are brought into the mine plan at Duketon and diesel cost inflation comes through the cost base at both operations."

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

What did Capricorn Metals report?

• Q4 gold production: 30,437 ounces
• FY26 gold production: 123,589 ounces (top end of 115,000–125,000oz guidance)
• AISC expected within FY26 guidance range of $1,530–$1,630/oz
• Cash and gold on hand at 30 June 2026: $507.0 million
• Q4 cash build before capex and dividend: $68.2 million
• Maiden dividend payment in Q4: $22.8 million

What else do investors need to know?

Development at the Karlawinda Expansion Project (KEP) is shifting into commissioning, with major site construction largely complete. Capricorn has invested $44.8 million in KEP in Q4, covering key equipment and pre-production mining. The Mt Gibson Gold Project (MGGP) saw $1.2 million spent in early procurement and contract work, as Capricorn positions itself to move forward swiftly once all permits are received. Recent federal government approvals mean the MGGP is now advancing to the next stage of state environmental review. A maiden dividend was paid in Q4, highlighting the board's confidence in operational cash flows and future growth.

What's next for Capricorn Metals?

Commissioning at the Karlawinda Expansion Project is expected to ramp up this quarter, following the completion of key plant and infrastructure works. At the Mt Gibson Gold Project, focus is on finalising environmental approvals and progressing early-stage project development. Capricorn aims to build on its operational momentum, targeting steady production, careful cost management, and project pipeline advancement in the coming financial year.

Capricorn Metals share price snapshot

Over the past 12 months, Capricorn Metals shares have risen 51%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Capricorn Metals hits upper end of FY26 gold production guidance, advances project expansions appeared first on The Motley Fool Australia.

It was a spectacular end to the trading week for ASX investors this Friday, with the S&P/ASX 200 Index (ASX: XJO) throwing off the indecisiveness that we saw earlier this week to close on a decidedly euphoric note. After opening in the green this morning, the ASX 200 spent most of the day climbing in value, and ended up finishing a happy 1.37% higher. That leaves the index at 8,844.4 points as we head into the weekend. 

This jubilant end to the trading week for ASX investors came after a more nuanced night on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) was in fine form, gaining a rosy 1.14% 

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) went the other way, though, dropping 0.8%.

But let's get back to our markets now and take a closer look at how the various ASX sectors benefited from today's accommodating trading conditions.  

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

But one of the best right now could be the ASX 200 gold stock in this article.

That's the view of analysts at Bell Potter, who rate the gold miner highly.

Which ASX 200 gold stock?

Capricorn Metals Ltd (ASX: CMM) is the stock that Bell Potter is positive on.

It is the gold miner behind the 100%-owned Karlawinda Gold Project (KGP), which is located ~65km south-east of Newman in Western Australia.

Bell Potter notes that the ASX 200 gold stock has received the Federal approvals required for the expansion and operation of its Mount Gibson Gold Project (MGGP).

This is good news and marks a major permitting milestone that allows Capricorn Metals to finalise the primary Western Australian approvals required for the MGGP.

The broker believes this means the company is now in a more confident position to advance further long lead capital purchasing and contract execution in parallel with concluding the permitting process. As a result, it is now targeting the completion of permitting and commencement of development activities in the December quarter.

Commenting on the development, Bell Potter said:

This is a long-awaited permitting milestone that marks the end of what has been a drawn out 3.5-year process with the Federal regulator. The approval significantly derisks and clarifies the development and schedule for the MGGP, which is now targeting a construction start date in the December 2026 quarter. The WA permitting process is a more transparent and well-worn path. WA regulators have been closely engaged with the progress of the MGGP, giving us confidence in the December quarter target.

It then adds:

We now look forward to an updated Pre-Feasibility Study (PFS) for the MGGP which we expect to include the Orion underground Resource of 9.5Mt @ 2.9g/t Au for 895koz. Potential underground production here is over and above the base-case MGGP PFS, which outlines gold production of 150kozpa over an initial 15 year mine life. Meanwhile, the Karlawinda Expansion Project (KEP) is on target for commissioning in the September 2026 quarter. This is a key growth catalyst and will enable CMM to maintain continuity for its construction team and a smooth transition to development of the MGGP.

Big potential returns

According to the note, the broker has retained its buy rating on the ASX 200 gold stock with an improved price target of $16.70 (from $16.25).

Based on its current share price of $12.48, this implies potential upside of 34% for investors over the next 12 months.

Commenting on its buy thesis, Bell Potter said:

CMM is a sector leading gold producer, unhedged and debt free. It is fully funded to grow production from ~120kozpa to +300kozpa from two gold mines in WA, each with +10 year mine lives. CMM is run by a management team that has an excellent track record of delivery. Our NPV-based valuation is up marginally to $16.70/sh. We retain our Buy recommendation.

The post Why this ASX 200 gold stock could be a top buy in July 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 to rise

The Australian share market looks set for a better day on Wednesday following a strong night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 14 points or 0.15% higher. In the United States, the Dow Jones rose 0.25%, the S&P 500 climbed 0.8%, and the Nasdaq stormed 1.5% higher.

Oil prices soften

ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a subdued day of trade after oil prices softened overnight. According to Bloomberg, the WTI crude oil price is down 0.9% to US$70.10 a barrel and the Brent crude oil price is down 0.3% to US$72.92 a barrel. This capped Brent crude's largest monthly decline in over five years.

Buy Collins Foods shares

Bell Potter thinks Collins Foods Ltd (ASX: CKF) shares are good value. In response to its FY 2026 results, the broker has retained its buy rating on the quick-service restaurant operator's shares with an improved price target of $11.10 (from $10.80). It said: "We expect KFC Australia's recent momentum to continue, supported by a more resilient consumer, providing a near-term buffer against weaker trading in KFC Europe, which we view as temporary. We see the underlying German business as strong and expect CKF's position as the largest franchisee in Germany to be supported by Yum! Brands' endorsement, providing a platform for future acquisitions."

Gold price eases

ASX 200 gold shares including giants Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a soft session on Wednesday after the gold price eased overnight. According to CNBC, the gold futures price is down 0.2% to US$4,031.8 an ounce. This latest weakness means the gold price is on course for its worst quarterly decline in 13 years, driven by rate hike concerns.

Buy Capricorn Metals shares

Capricorn Metals Ltd (ASX: CMM) shares could have plenty of upside according to Bell Potter. This morning, the broker has retained its buy rating on the gold miner's shares with an improved price target of $16.70. It commented: "CMM is a sector leading gold producer, unhedged and debt free. It is fully funded to grow production from ~120kozpa to +300kozpa from two gold mines in WA, each with +10 year mine lives. CMM is run by a management team that has an excellent track record of delivery."

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

As you may recall, on 28 January, the gold price created a stir by setting a new all-time high just north of US$5,420 per ounce. At the time, that saw the gold price up around 93% over the previous 12 months.

But since that high water mark, the gold price and ASX 200 gold stocks have come under heavy pressure.

On Friday, gold was fetching US$3,994 per ounce. That's down more than 26% since the end of January.

As for the Aussie gold miners, since market close on 29 January, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) has tumbled 29%, materially underperforming the 1.8% losses posted by the ASX 200 over this same period.

Why is the gold price in free fall?

After its meteoric rise in 2025, the gold price has tumbled back to earth, in part due to expectations of higher interest rates in many major economies.

That's particularly relevant for the United States, with the US Federal Reserve now increasingly expected to lift interest rates rather than cut them to combat resurgent inflation in the world's top economy.

Gold, which pays no yield itself, tends to perform better in low or falling rate environments.

Commenting on the outlook for the gold price, and by connection ASX 200 gold stocks, Commonwealth Bank of Australia (ASX: CBA) head of commodities Vivek Dhar said (quoted by the Australian Financial Review):

A rebound in gold prices is now likely contingent on US inflation and labour market data weakening further. Our view that the Fed needs to raise the Fed Funds rate by 75 basis points from December, which the market is under-pricing, [and] suggests further headwinds to gold futures.

Five ASX 200 gold stocks to weather the storm

A number of leading fund managers said they've reduced their holdings in smaller ASX gold explorers in favour of the larger gold producers.

"The gold price has taken an absolute beating. Now is not the time to be going for more speculative gold names, or those that are relatively high cost," Argonaut's David Franklyn said (quoted by the AFR).

Franklyn named ASX 200 gold stocks Genesis Minerals Ltd (ASX: GMD), Ramelius Resources Ltd (ASX: RMS), Greatland Resources Ltd (ASX: GGP), and Capricorn Metals Ltd (ASX: CMM) as miners that he's still optimistic on.

And while his fund has reduced its overall exposure to the gold sector, Acorn Capital portfolio manager Rick Squire expects Bellevue Gold Ltd (ASX: BGL) is well-positioned to outperform. That's partly due to the ASX 200 gold stock's lower reliance on ever more expensive diesel following its renewable energy investments.

According to Squire:

We're looking at companies that have the cash to withstand the dip or, if they are developers, are [at] least fully financed and are in that construction phase. With the gold pullback, there will be a change [in] investor sentiment around what projects are likely to get up and their ability to fund them.

The post 5 ASX 200 gold stocks to buy and hold amid the crashing gold price appeared first on The Motley Fool Australia.

Among the 11 market sectors, healthcare is in the lead today, up 2.7%, amid signs of a meaningful sector rebound. 

The energy sector is the drag on Thursday, down 2.5%, as the supply outlook improves in the Middle East.

Trading Economics analysts reported that growing confidence in a lasting peace deal had prompted more tankers to transit the Strait of Hormuz with their tracking signals on.

Supply has also increased across key segments of the market, with buyers facing a surge of crude offers from the Middle East and other exporting regions, including West Africa.

In addition, a temporary US waiver permitting purchases of already-loaded Iranian oil is expected to further boost available supply.

Meanwhile, three experts let us in on their opinions of three ASX shares.

Let's check them out.

Capricorn Metals Ltd (ASX: CMM)

The Capricorn Metals share price is $11.98, down 5.5% today and down 17% in the calendar year to date (YTD). 

David Coates from Bell Potter has a buy rating on this ASX gold share. 

Coates said: 

CMM is a sector leading gold producer, unhedged and debt free. It is fully funded to grow production from ~120kozpa to ~300kozpa from two gold mines in WA, each with +10 year mine lives.

CMM is run by a management team that has an excellent track record of delivery.

Our NPV-based valuation is up marginally to $16.25/sh.

Chrysos Corporation Ltd (ASX: C79)

The Chrysos Corporation share price is $5.65, down 3.4% today and down 23% YTD. 

Toby Grimm from Baker Young has a hold recommendation on this ASX industrials share. 

On The Bull this week, Grimm said: 

The company combines science and software to create technology solutions for the global mining industry. The company's flagship product is PhotonAssay.

A pull back in gold prices, if protracted, presents a potential headwind. However, we're encouraged by expansion into South America, where we see a large copper analysis opportunity as C79 continues to branch out from gold.

The company's decision to upsize its debt facility to $200 million reflects management's confidence in the near term growth runway.

In our view, the stock offers significant recovery potential given it was recently trading at a substantial discount to its February highs.

Cochlear Ltd (ASX: COH)

The Cochlear share price is $115.31, up 1.6% today and down 56% YTD.

Niv Dagan from Peak Asset Management has a sell rating on this ASX healthcare share.

He explained: 

Hospital capacity constraints amid softer consumer sentiment and reduced referral activity are weighing on implant volumes, while cost base restructuring is likely to impact earnings in the near term.

In April, the hearing implants maker materially reduced its fiscal year 2026 underlying net profit guidance to between $290 million and $330 million from between $435 million from $460 million in February.

The downgrade was a response to weaker than expected demand in developed markets amid Middle East uncertainty, lower margins and foreign exchange headwinds.

The post Buy, hold, sell: Capricorn Metals, Chrysos, Cochlear shares appeared first on The Motley Fool Australia.

This means that ASX gold stocks are continuing to generate strong cash margins and deliver bumper profits.

In light of this and recent weakness in the gold industry, now could be a good time to look for exposure to this side of the market.

But which ASX gold stocks could be buys? Let's look at seven that Bell Potter currently rates as buys.

Tailwinds re-emerging

Before looking at the gold miners that could be buys, let's hear what Bell Potter is saying about the gold price.

The good news is that the broker believes the precious metal could strengthen as tailwinds re-emerge. It explains:

The last few months have seen markets reacting to Presidential social media posts more than fundamentals. We are now looking for the drivers that may re-emerge for the gold price, with a bit of clear air. In the first instance we see opportunities for:

Central Banks purchasing remains a price insensitive tailwind. The World Gold Council's annual survey of Central Bank purchasing intentions reinforces they remain positive on gold, highlighting its significance as a reserve asset in a volatile geopolitical and economic environment.

Iran conflict continues on a trajectory to resolution: The war in Iran has been pushing oil / real yields higher and gold lower. We expect a deescalation to do the reverse. While it is a bumpy road, we expect the trend to remain towards a ceasefire / peace deal. Gold equities have pulled back but balance sheets, margins and exploration momentum remain strong. Quality companies and projects are attractive.

The ASX gold stocks to buy

The seven ASX gold stocks that Bell Potter is bullish on are as follows:

The broker has a buy rating and $2.10 price target on Alkane Resources Ltd (ASX: ALK) shares.

Catalyst Metals Ltd (ASX: CYL) shares have been given a buy rating and $14.60 price target.

Bell Potter rates Capricorn Metals Ltd (ASX: CMM) shares as a buy with a $16.25 price target.

Gold giant Evolution Mining Ltd (ASX: EVN) has been given a buy rating and $16.45 price target.

Bell Potter has a buy rating and $9.90 price target on Genesis Minerals Ltd (ASX: GMD) shares.

Minerals 260 Ltd (ASX: MI6) shares have a buy rating and $1.35 price target on them.

Finally, the broker rates ASX gold stock Regis Resources Ltd (ASX: RRL) as a buy with a $9.45 price target.

The post 7 ASX gold stocks to buy now appeared first on The Motley Fool Australia.

This has also impacted the ASX-listed gold miners, many of which have traded flat or down over the period following a very strong calendar 2025.

Macquarie has just this week published a new research report into the ASX gold sector, and has upgraded two companies.

Let's look at those first.

Evolution Mining Ltd (ASX: EVN)

The Macquarie team said Evolution delivered third-quarter results that missed expectations, and since then, "we believe Evolution shares have pulled back to a more reasonable valuation''.

They said they are forecasting material increases in earnings per share over FY27 and FY28, and they upgraded the shares from neutral to outperform.

Macquarie has a price target of $13 for Evolution shares, compared to $13.04 currently.

Greatland Resources Ltd (ASX: GGP)

Macquarie has also upgraded Greatland from neutral to outperform, saying they believe the company is on track to exceed its FY26 production and cost guidance.

They added:

Valuation has pulled back more recently, we believe offering an attractive entry to a growing production base across Telfer/Havieron. We anticipate a final investment decision (FID) for the Havieron project in the current quarter (4Q FY26) and a potential spin-off of the O'Callaghans tungsten project as near-term catalysts. An updated multiyear mine plan for Telfer is anticipated late in FY27.

Macquarie has a price target of $14 on Greatland shares, compared to $13.83 currently.

Now let's look at some of the other companies they've rated as outperform.

Newmont Corporation (ASX: NEM)

The Macquarie team said Newmont was their top large-cap pick and they have a bullish price target of $176 on the shares, compared to $149.34 currently.

The analyst team said the company was "demonstrating stable production and capital discipline, evidenced, we believe, by its solid 1Q result in April, which surprised to the upside on our numbers and consensus''.

They said the company had balance sheet strength, and its US$6 billion buyback showed a commitment to rewarding shareholders.

Capricorn Metals Ltd (ASX: CMM)

The Macquarie team has a $16 price target on this gold company, compared to the current price of $13.23.

They said the company combines a stable, low-cost production base from its existing Karlawinda mine with pending growth from its Mt Gibson development project.

The Karlawinda project is also in the process of expanding, which would boost throughput from 4Mtpa to 6.5Mtpa, and output to about 150,000 ounces per year.

And finally…

Genesis Minerals Ltd (ASX: GMD)

Genesis is one of Macquarie's top picks with a bullish share price target of $9 compared to $5.62 currently.

The analyst team said Genesis has a strong management team, which has carried out counter-cyclical M&A to grow the company, and it has also managed to exceed its initial production guidance over the past two years.

They added:

We believe that with its strong management team, a solid and deliverable growth pipeline to over 500koz, and disciplined cost control, GMD should trade at a premium to peers.

The post Which ASX gold miners has Macquarie just upgraded? appeared first on The Motley Fool Australia.

It was a very happy return to trading indeed for the S&P/ASX 200 Index (ASX: XJO) and most ASX shares this Monday. After a stellar end to last week's trading on Friday, investors came back from the weekend having lost none of their pizazz.

Perhaps reacting to some positive global geopolitical events over the weekend, the ASX 200 spent the entire session comfortably in the green and closed a happy 1.25% higher. That leaves the index at a flat 8.914 points – a near-two-month high.

This celebratory session on the local markets followed a similarly joyous day that closed the American trading week last Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) was in a great mood, rising 0.7%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't quite as enthusiastic, but still gained 0.31%.

But let's get back to this week and ASX shares now and dive a little deeper into how the various ASX sectors fared this Monday.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

Amid a highly volatile market, brokers downgraded several ASX 200 shares this week.

Let's take a look at their new ratings and 12-month share price targets for six ASX 200 stocks.

CSL Ltd (ASX: CSL)

The CSL share price is $96, up 3.7% today.

The market's biggest ASX 200 healthcare company has lost 44% of its valuation in the calendar year to date (YTD).

Jefferies downgraded CSL shares to a hold rating and slashed its price target from $195 to $108.

This still implies a potential 12% upside ahead.

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price is $39.77, down 0.9% on Friday.

Over the past six months, this ASX 200 tech share has fallen 46%.

WiseTech Global is no longer the market's biggest tech company. It handed over the reins to Xero Ltd (ASX: XRO) last month.

JP Morgan downgraded WiseTech shares to a hold rating with a $40 target this week.

This suggests the stock is already fully valued.

Telstra Group Ltd (ASX: TLS)

The Telstra share price is $4.95, down 0.3% today.

The ASX 200 telco share has fallen 9% over the past month.

Macquarie downgraded Telstra shares to a hold rating this week.

The broker shaved its 12-month price target from $5.64 to $5.57.

This suggests just a 2% potential upside left in the year ahead.

Capricorn Metals Ltd (ASX: CMM)

The Capricorn Metals share price is $12.90, down 3.2% today.

This ASX 200 gold mining share has fallen 11% YTD.

Goldman Sachs downgraded Capricorn Metals shares to a hold rating on Thursday.

The broker lowered its 12-month target from $17.60 to $16.90.

This still implies a healthy potential upside of 29% ahead.

Find out why the gold price has fallen since the Iran war began here.

IGO Ltd (ASX: IGO)

The IGO share price is $8.96, down 3.2% today.

This ASX 200 lithium share has risen 9% YTD.

JP Morgan downgraded IGO shares to a hold rating this week.

However, the broker lifted its 12-month price target from $8.50 to $9.50.

This indicates capital gains of 7% over the next year. 

Harvey Norman Holdings Ltd (ASX: HVN) 

The Harvey Norman share price is $4.43, up 0.8% on Friday.

This ASX 200 consumer discretionary share has taken a big tumble in 2026.

The furniture retailer has lost 37% of its valuation YTD.

Macquarie downgraded Harvey Norman shares to a hold rating this week.

The broker slashed its price target from $6.60 to $4.50.

This suggests potential capital growth of just 2% over the next year. 

The post 6 ASX 200 shares downgraded by analysts this week appeared first on The Motley Fool Australia.

At the time of writing, the ASX 200 gold stock's shares are 0.82% higher at $14.10 a piece.

The latest uptick means the shares have now rebounded 50% from a dip recorded in late March.  

For the year-to-date, Capricorn Metals' shares are still down 2.8%, but they're up an impressive 66% from this time last year.

For context, the S&P/ASX 200 Index (ASX: XJO) is down 0.5% at the time of writing and is just over 0.5% lower for the year to date.

So, if I bought $500 of Capricorn Metals shares two years ago, what would they be worth today?

The ASX 200 gold shares have enjoyed a strong rally over the past few years. While the shares have climbed 66% in the past 12 months, they've flown a huge 202% higher since May 2024.

That means $500 invested in Capricorn Metals 24 months ago is already worth $1,510. 

What has been driving the ASX 200 gold stock higher?

There have been a few factors driving the gold miner's share price higher, including a rally in gold prices, strong gold production, and improved investor sentiment.

The price of gold has more than doubled over the past two years, from around US$2,300 per ounce in May 2024 to around US$4,700 per ounce at the time of writing. 

At the same time, Capricorn Metals has delivered consistently strong production and cash flow results. 

Most recently, the gold miner posted its March quarter update, in late April, where it revealed strong gold production, a record quarterly cash flow, and a maiden 5 cent per share fully-franked dividend payment to shareholders.

The ASX 200 gold miner also confirmed that it is on track to meet the upper end of its FY26 production guidance of 115,000 to 125,000 ounces at an all-in sustaining cost (AISC) of $1,530 to $1,630 per ounce. 

Year-to-date gold production totals 93,152 ounces at an AISC of $1,623 per ounce.

Capricorn also said it is making steady progress on its next phase of growth. Development of the Karlawinda Expansion Project (KEP) is advancing well, and work continues at its Mt Gibson Gold Project (MGGP). 

It looks like investors are pleased with the latest announcement and have flocked to the stock.

Can the Capricorn Metals share price keep climbing higher?

According to TradingView data, it looks like we can expect plenty more out of the gold miner's shares over the next 12 months.

All nine analysts have a consensus buy rating on the ASX 200 gold stock, with the average $18.22 target price representing a potential 29% upside at the time of writing.

Meanwhile, some expect the shares to fly another 70% to $24. 

The post If I'd put $500 in this ASX 200 gold stock two years ago, I'd have $1,510 today appeared first on The Motley Fool Australia.

This tough Tuesday session for Australian investors follows a more optimistic start to the American trading week last night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) managed to keep its head above water, rising 0.19%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was slightly more downbeat, gaining 0.1%.

Let's return to the local markets now and take stock of how today's drop affected the various ASX sectors this session.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.