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.

At the time of writing, the ASX gold stock is up 12.33% to $5.74.

That gives Catalyst shares some relief after a weaker year so far. Catalyst shares are still down around 22% in 2026, although they remain up about 7% since this time last year. 

Here's what the company announced.

A record year at Plutonic

According to the release, Catalyst produced 31,812 ounces of gold in the fourth quarter from its Plutonic Gold Belt in Western Australia. 

That helped lift annual gold production to 104,000 ounces, which was in line with the company's FY26 guidance range of 100,000 ounces to 110,000 ounces.

Catalyst said this was both a record quarterly and annual gold production result for the Plutonic Gold Belt under its ownership.

It was also the highest quarterly and annual production from Plutonic since 2013, when the asset was owned by Barrick.

Production came from four mines across the Plutonic Gold Belt, including Plutonic Main, Plutonic East, the Trident open pit, and K2.

Management said the result reflected a year of consistent operating performance across the asset. It noted that Catalyst has now lifted production from around 15,000 ounces a quarter to more than 30,000 ounces a quarter since taking control of Plutonic. 

Balance sheet improves

Catalyst's cash position also moved in the right direction.

The company ended June with cash and bullion of $323 million. That was up $46 million since 31 March and up $85 million over the six months to 30 June. 

That increase came after exploration, capital, and corporate spending.

Catalyst also said it is debt-free. On top of that, its undrawn $100 million debt facility gives it total liquidity of $423 million.

Can the rebound continue?

This update should give Catalyst shares more support after a weak start to 2026.

The company delivered a stellar result, but most importantly, grew its cash and bullion balance, and remains debt-free. 

Catalyst said detailed operating figures and costs will be provided in its upcoming June quarterly report. That will give investors a better look at margins, costs, and how much of this stronger production result is flowing through to the bottom line. 

The K2 mine is also worth watching, with commercial production appearing to be on track despite some early grade reconciliation and cost pressures.

The post This ASX gold stock is jumping 12% after a record year appeared first on The Motley Fool Australia.

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

Here are the ones Morgans has a buy rating on. 

Newmont Mining Ltd (ASX: NEM)

Morgans said the world's largest gold producer offers "unmatched tier-1 asset diversification", free cash flow of about 15%, and an ongoing US$6 billion buyback.

They added: 

A defensive, high-quality gold exposure for investors in a volatile market.

They have a price target of $198 for Newmont shares compared to $134.18 currently.

Northern Star Resources Ltd (ASX: NST)

This company has a "compelling medium to long-term growth story" and trades at a material discount to net asset value, Morgans said. 

However, a push for a breakup of the company by activist investor Elliott and the ongoing search for a new managing director inject some uncertainty.

Morgans added:

A potential sale process represents the clearest catalyst for immediate upside.

They have a price target of $26 on the company compared to $18.86 currently. 

Evolution Mining Ltd (ASX: EVN)

This is Morgans' preferred large-cap pick, "combining low-cost operating base, consistent execution, net cash balance sheet and meaningful copper exposure''.

Morgans said recent sector weakness provides a compelling entry point.

They have a price target of $15 on the company compared to $11.62 currently.

Ramelius Resources Ltd (ASX: RMS)

Morgans rates Ramelius as a high-quality, low-cost producer, "with one of the strongest medium-term production growth profiles in the sector''.

They added:

The recent pullback provides an attractive entry point into a disciplined management team with a robust balance sheet.

They have a price target of $5.80 on the company compared to $2.92 currently.

Regis Resources Ltd (ASX: RRL)

Regis, Morgans said, provides direct, unhedged leverage to the gold price through a portfolio of strong, cash-generative assets.

Morgans has a price target of $9.39 on Regis compared to $5.93 currently.

Catalyst Metals Ltd (ASX: CYL)

Morgans said this company has a "compelling mid-cap growth story underpinned by production expansion at Plutonic and the high-grade Trident development''.

They added:

We see recent sector weakness as an attractive opportunity to accumulate in this value name.

Morgans has a price target of $13.58 on the company compared to $4.89 currently.

Where to from here for the gold price?

Morgans has reduced its forecast for the gold price for the remainder of the year, reducing it from US$4750 per ounce to US$4250 per ounce. 

The current spot price of gold is US$3994.53. 

The post 6 ASX gold stocks Morgans rates as a buy appeared first on The Motley Fool Australia.

At the time of writing, the Catalyst share price is down 3.19% to $5.005. 

That adds to a weak run for the ASX gold stock, which is now down 18% over the past week and 32% since the start of 2026. 

Here's what the company told the market. 

Trident open pit completed

According to the release, Catalyst has completed mining of the small open pit above the main Trident underground orebody. 

Trident is located about 30 kilometres north-east of the company's Plutonic processing plant in Western Australia.

The open pit was wrapped up in May, with the ore now stockpiled at Trident and being moved across to Plutonic through the rest of 2026. 

Catalyst said it has already established access near the base of the open pit, with the portal and decline now in place. Around 20 metres of decline development has been completed. 

So far, things appear to be going to plan. Management said ground conditions have been as expected and there have been no issues to date. 

The key infrastructure is now in place as well, including ventilation, water, and power. Catalyst has also completed the grade control drilling needed for the first 15 months of underground production. 

Why Trident is still worth watching

Despite the share price heading south today, Trident is still more than just a small side project.

Trident is one of five mines Catalyst is working on at Plutonic. The aim is to lift annual gold production from more than 100,000 ounces to around 200,000 ounces. 

The company expects Trident to become the second-largest deposit on the Plutonic Gold Belt.

At full production, it is expected to deliver around 60,000 ounces a year for more than 10 years.

Catalyst also expects Trident to become a second, higher-grade baseload source of ore at Plutonic once production ramps up.

This should give Plutonic a better ore mix and help Catalyst keep moving toward its higher production target.

Can the rebound continue?

The next milestone is still some way off.

Management expects the first stope from the underground mine in the first half of calendar year 2027. Between now and then, attention will turn to whether development keeps moving to plan.

Costs will be in focus too, especially after the recent weakness in the share price.

With a market capitalisation of around $1.35 billion, Catalyst shares still have plenty to prove after a disappointing start to the year. 

The post Why this ASX gold stock is falling again after a rough week appeared first on The Motley Fool Australia.

Catalyst Metals shares closed yesterday trading for $6.10. In early morning trade on Tuesday, shares are changing hands for $6.32 apiece, up 3.6%.

For some context, the ASX 200 is up 0.1% at this same time.

Among the tailwinds helping lift the miner today is the overnight uptick in the gold price. Currently trading for US$4,191 per ounce, the gold price is up 1.2% since this time yesterday (according to data from Bloomberg).

Here's what else is grabbing investor interest.

ASX 200 gold stock gains on resource boost

Catalyst Metals shares are marching higher after the miner released an updated mineral resource estimate (MRE) for its Trident underground gold deposit, located in Western Australia.

The ASX 200 gold stock is currently developing the Trident mine, where it recently completed an open pit to enable development of an underground portal.

Catalyst's Trident underground will be the fourth mine to be developed on the Plutonic Belt. The other three are Plutonic East, Trident open pit, and K2.

When Catalyst acquired Trident in 2023 to complete a consolidation of the Plutonic Gold Belt, the project had a resource of 524,000 ounces at 3.6 grams of gold per tonne.

The miner noted that the resource now stands at 1.1 million ounces at 5.4g/t Au.

Promisingly, Catalyst said that the more tightly drilled indicated resources have increased by 20% from prior estimates to 633,000 ounces at 6.3g/t Au. The company expects this will underpin a roughly 10-year mine plan at an average run-rate of some 60,000 ounces per year.

The ASX 200 gold stock highlighted that Trident remains the second-largest deposit on the Plutonic Belt. The project is expected to form a second, higher grade base load ore source for the central Plutonic processing plant.

That's all part of Catalyst's plan to increase its annual gold production from 100,000 ounces to 200,000 ounces.

What did Catalyst Metals management say?

Commenting on the updated MRE that is helping lift the ASX 200 gold stock in early trade today, Catalyst Metals managing director & CEO James Champion de Crespigny said, "Our exploration team continues to have success across the belt, meaningfully growing Trident, Plutonic Main, Cinnamon, K2 and Old Highway. "

Champion de Crespigny added:

This 145% increase in Trident's indicated resources, and achievement of this 1-million-ounce milestone, is a testament to their persistence.

A key focus now is on developing the Trident orebody. With the open pit completed, the successful development of the underground, and path to around 200,000 ounces, is becoming ever more likely.

Catalyst expects the first stoping ore from the underground mine in the first half of calendar year 2027.

The post Guess which ASX 200 gold stock is jumping today on a 20% resource boost 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.

However, analysts appear to believe the market is overlooking their long-term potential. In fact, broker price targets suggest both ASX shares could double — or more — over the next 12 months.

Let's see why.

Catalyst Metals: exciting WA gold producer

Catalyst Metals has emerged as one of the ASX's more exciting gold producers.

The ASX gold share operates the Plutonic Gold Belt in Western Australia and has been steadily growing production while expanding its resource base. With gold prices trading near record highs, Catalyst is well positioned to benefit from strong margins and cash generation.

Analysts are particularly optimistic about the company's ability to unlock further value through exploration success and operational improvements. As a relatively small producer, even modest production gains can have a significant impact on earnings.

The key risk for this ASX share is that gold miners remain exposed to operational challenges and fluctuations in commodity prices. While gold has been strong recently, a weaker gold price could reduce profitability and dampen investor enthusiasm.

Despite these risks, the analyst community is overwhelmingly bullish. All five experts covering Catalyst Metals currently rate it as a strong buy.

According to TradingView consensus estimates, the average price target sits at $13.55 per share, implying potential upside of approximately 113% from current levels. The most bullish target is $15.13, which suggests a possible gain of 138%.

Mesoblast: major commercial milestone

Mesoblast offers investors a very different opportunity.

The biotechnology company recently achieved a major milestone with the commercial launch of Ryoncil, giving it its first meaningful opportunity to generate significant product revenue.

Investors are increasingly focused on the possibility that growing Ryoncil sales could eventually support sustainable earnings and cash flow. That would be a major achievement for a biotech company, many of which remain dependent on external funding for years.

Beyond Ryoncil, Mesoblast has additional growth opportunities through its pipeline targeting areas such as heart failure and chronic lower back pain. Successful regulatory approvals could substantially expand its addressable market and future revenue potential.

The obvious downside is risk. Biotechnology stocks can be volatile, and clinical, regulatory, or commercial setbacks can have a significant impact on valuations.

Even so, analysts remain extremely positive on the ASX share. TradingView data shows that all six brokers covering Mesoblast currently have strong buy recommendations on the stock.

The average broker price target stands at $4.06 per share, representing upside of approximately 97% from current levels. The highest target is $4.91, which implies potential upside of around 138%.

Foolish takeaway

While neither ASX share is without risk, analysts clearly believe both Catalyst Metals and Mesoblast have the potential to deliver outsized returns if their growth plans play out as expected.

The post 2 ASX growth shares experts think could double over 12 months appeared first on The Motley Fool Australia.

It was a happy hump day for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares this Wednesday, as investors continue to bask in worldwide market optimism.

After yesterday's close call and slight rise, investors were more decisive today, sending the ASX 200 up a confident 0.54%. That leaves the index at 8,966.3 points, its highest level in two months.

This optimistic midweek session for Australian shares follows a mixed night on the American boards.

The Dow Jones Industrial Average Index (DJX: .DJI) was on fire, gaining 0.64% after hitting a new record high.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't so lucky, though, and fell 1.15%.

But let's return to the local markets now and examine what was going on amongst the various ASX sectors today.

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

The S&P/ASX 200 Index (ASX: XJO) enjoyed its second positive trading day of the week so far this Tuesday, although it was a close call.

After yesterday's euphoric session, investors were far more downbeat this morning, with the ASX 200 opening sharply lower. However, the index recovered over the rest of the day, and eventually finished up 0.042% at 8,917.7 points.

This cautious day for Australian investors comes after an excited start to the American trading week on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) was in fine form, rising 0.92%.

But the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was off to the races, rocketing a hefty 3.07%.

Let's return to the local markets now and take stock of what the different ASX sectors were up to today amid our middling trading conditions.

Winners and losers

The post Here are the top 10 ASX 200 shares today 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.

I always think that when markets look uncertain, it's a good idea to review your share portfolio and make sure your investments are in the right place.

Here are two ASX 200 shares I'd buy this month, and one I'd sell.

I'd buy Catalyst Metals Ltd (ASX: CYL) shares

Catalyst Metals shares are down around 2% at the time of writing on Thursday morning, and are trading at $5.28 a piece. The drop means the shares are now around 29% lower for the year to date and 26% lower than 12 months ago.

It's been a volatile run for the ASX gold producer this year. Its share price spiked to an all-time high in January after it announced a significant new high-grade discovery at its Plutonic Gold Belt. 

But it has lost around 44% of its value ever since. The downturn is likely due to a significant increase in mining costs and a weaker ASX gold sector after a strong run late last year. Fluctuating sentiment has led many investors to sell their gold shares and rotate into larger, more stable assets. 

But Catalyst Metals has shown a long period of operational consistency and organic growth. The miner expects production to increase towards the latter half of FY26 as well. 

It also posted a positive drilling update in early May. The results included visibility of a potential mine life of more than 10 years at approximately 60,000 ounces per annum.

I think the Catalyst Metals' share price will rebound soon enough, and I'd buy in the dip while they're still going for cheap.

Analysts rate the ASX 200 shares as a strong buy and tip an average target price of $13.75. That implies a potential 160% upside at the time of writing.

I'd buy Guzman Y Gomez (ASX: GYG) shares

The Mexican-themed fast-food restaurant chain's shares hit a historic low in early April but have since rebounded 25%. At the time of writing, the ASX consumer discretionary shares are changing hands for $19.05 a piece. The shares are still 12% lower year to date and 37% lower than a year ago.

After multiple headwinds and sombre sentiment so far this year, Guzman Y Gomez shares look like they have finally changed course. The latest rebound comes on the back of news that the company closed its struggling US stores to focus its business expansion on Asia and Australia.

The company's long-term goal remains to reach 1,000 restaurants in Australia, with segment EBITDA at 10% of network sales. Its Singapore expansion has already become successful, and it looks like the company can quickly build its presence in the right markets.

Most analysts rate the ASX 200 shares as a buy and tip a 28% upside to an average $24.53 target price, at the time of writing.

I'd sell Beach Energy Ltd (ASX: BPT) shares

Beach Energy shares are slightly higher today, up around 0.2% to $1.10 at the time of writing. The oil and gas exploration and production company's shares are now around 7% lower year to date and 20% lower than 12 months ago.

While the oil and gas explorer and producer's shares flew higher off the back of geopolitical tensions in March, they tumbled just as quickly.

Investor sentiment was slashed when the company posted its third-quarter update in April. It revealed softer sales, a guidance downgrade, and ongoing operational disruptions. 

The update spooked investors, and now many are worried about the company's earnings outlook.

The majority of brokers have a sell rating on the shares. But the $1.12 average target price still implies a potential 3% upside, at the time of writing.

The post 2 ASX 200 shares I'd buy and 1 I'd sell this month appeared first on The Motley Fool Australia.

Virgin Australia Holdings Ltd (ASX: VGN)

The ASX 200 airline stock crashed in March as conflict in the Middle East and rising fuel prices put its shares under pressure. More recently, Virgin Australia recently told Webjet Group Ltd (ASX: WJL) that it will substantially reduce its commission streams and commercial arrangements from the 1st of July 2026. It also looks like investors are slowly rotating back into airlines and travel companies after fears around Middle East fuel disruptions have started to ease. The company also recently confirmed its FY26 guidance, which has helped gather more confidence from investors. I like the look of this ASX 200 travel stock, and analysts are also very bullish. Brokers rate the shares as a strong buy. They tip an upside of 45% to $3.72 over the next 12 months. 

Light & Wonder Inc (ASX: LNW)

The tech-based gaming company's shares surged to an all-time high in January but then crashed 44% to a three-year low of $102.66 in early May after the company posted its first-quarter FY26 earnings results. The result was mixed, with a 2% increase in revenue and 5% increase in adjusted EBITDA. Meanwhile net income fell a huge 37%. Investors quickly sold up shares and while there has been a small rebound since, at the time of writing, sentiment hasn't yet returned. Light & Wonder has been reshaping its business in recent years, focusing on recurring revenue and higher-quality earnings. If execution continues improving, it could continue to build value over the long term. Brokers are bullish and rate the ASX 200 shares as a strong buy. They expect a 77% upside to $198.50 over the next 12 months, at the time of writing.

Zip Co Ltd (ASX: ZIP)

Zip shares have been volatile this year after the stock was caught up in a sector-wide tech sell-off. Investors have also been taking their gains off the table after the stock rallied strongly last year. Technology and growth shares have also come under renewed pressure again recently as investors reassess valuations and risk appetite. The ASX 200 tech shares continued softening through May as investor sentiment struggled to rebound. But I think the stock is now oversold and trading far below fair value. Brokers rate the shares as a strong buy and tip a 72% upside to $3.83, at the time of writing.

Catalyst Metals Ltd (ASX: CYL)

Western Australian gold producer's shares stormed higher earlier this year after it announced a significant new high-grade discovery at its Plutonic Gold Belt in January. The miner posted another positive drilling update earlier this month. The results included visibility of a potential mine life of more than 10 years at approximately 60,000 ounces per annum. The ASX 200 gold stock has been subject to a few ups and downs over the past couple of months. Although this was mostly in line with a fluctuating gold price. But it has shown a long period of operational consistency and organic growth. The miner expects production to increase towards the latter half of FY26 too. Analysts rate the stock as a strong buy and tip a maximum target price of $14.63. That implies a potential 169% upside at the time of writing.

The post 4 ASX 200 shares I'd buy with $5,000 in June appeared first on The Motley Fool Australia.

It has been increasingly difficult to predict the market in 2026, as inflation, geopolitical uncertainty and CPI data have all sent the market moving in different directions recently. 

Yesterday, two ASX shares in particularly that suffered heavy losses were: 

• Telix Pharmaceuticals Ltd (ASX: TLX) which dropped 4%
• Catalyst Metals Ltd (ASX: CYL) which fell over 7%. 

This single day drop sees both stocks now hovering close to 52-week lows. 

However expert analysis indicates it could be a buy-low opportunity. 

Here's what brokers are predicting. 

Telix still can't shake sector woes 

Telix is a commercial-stage biopharmaceutical company focused on the ongoing development of diagnostic and therapeutic ('theranostic') products using targeted radiation. 

This process treats cancerous or diseased cells, an alternative approach to many cancer therapies which also attack healthy tissue at the same time.

It has been one of the many ASX healthcare shares that has suffered significantly over the last 12 months. 

Its share price is currently down 50% compared to a year ago. 

However, brokers have consistently reinforced that its underlying fundamentals warrant a higher share price. 

Recently, Bell Potter placed a buy rating and $19 price target on Telix shares. 

Meanwhile, Morgans has price target of $24.33 on the healthcare stock. 

The broker recently said that industry consolidation may spark additional interest in Telix.

Recent news flow around convertible note refinancing, a solid 1Q26 sales (up 11%) and the Regeneron collaboration shows there is plenty happening inside TLX. TLX points to several milestones expected in 2026 including a FDA clearance for the brain cancer diagnostic and resubmission of the kidney cancer diagnostic. Consensus has a target price of A$24.33 which provides significant upside to the current share price.

From yesterday's closing price of $13.03, these targets indicate an upside potential between 45% and 88%. 

Catalyst Metals close to yearly lows 

Another buy low candidate is Catalyst Metals. 

The company engages in the acquisition, exploration and development of mineral properties. Its portfolio includes Tandarra Gold, Raydarra, Four Eagles, Macorna Bore, Whitelaw Gold Belt and Sebastian projects.

At the time of writing, its share price is down almost 33% year to date. 

It now sits close to a 52-year low at $4.96. 

However, brokers are anticipating a big turnaround for these ASX shares. 

Morgans has a buy rating on this ASX gold mining share with a 12-month target of $15.13.

Brokers have acknowledged short term cost pressures, but Morgans maintains optimism thanks to solid operating cash flow. 

CYL continues to strengthen their balance sheet, adding A$39m during the quarter to close with A$277m in cash and bullion while reinvesting heavily across growth and exploration initiatives.

Growth momentum continues across the Plutonic Belt, with multiple new ore sources advancing (Trident, K2, Old Highway) alongside a high-grade discovery at Cinnamon, supports the pathway to c.200kozpa production.

From yesterday's closing price, the price target from Morgans indicates an upside potential of over 200%. 

The post After yesterday's crash these ASX shares could rebound up to 200% appeared first on The Motley Fool Australia.

Catalyst Metals shares closed yesterday trading for $5.46. In early morning trade on Tuesday, shares just jumped to $5.91 each, up 8.2%. At time of writing, shares are changing hands for $5.75 apiece, up 5.1%.

For some context, the ASX 200 is up 1.1% at this same time.

Here's what catching investor interest.

ASX 200 gold stock jumps on growth plans

Catalyst Metals shares are leaping higher after the miner announced the results of a review seeking to increase the throughput capacity of its Plutonic processing plant, located in Western Australia.

The ASX 200 gold stock said it initiated the review after reserves at its Plutonic Gold Belt project increased from 500,000 ounces to 1.5 million ounces amid ongoing exploration successes.

In September, Catalyst released a 10-year production plan showing growth in gold production at Plutonic from 100,000 ounces to 200,000 ounces per year.

The company is looking to increases the plant's processing capacity from the current 2.0 million tonnes per annum (Mtpa) to between 2.5Mtpa and 3.0Mtpa.

The miner expects that capacity boost will cost between $50 million and $75 million.

Catalyst noted that this potential low capital means to mill throughput expansion is based on refurbishing a second processing circuit that's been on care and maintenance.

This second circuit, situated next to the operating plant, can be restarted without needing any significant approvals. And it's able to leverage Plutonic's existing infrastructure and workforce.

As yet, the ASX 200 gold stock has not made a firm decision on whether to expand the plant's throughput. This will hinge on further exploration success across its Plutonic Belt project.

What did Catalyst Metals management say?

Commenting the expansion plans helping to lift the ASX 200 gold stock today, Catalyst Metals CEO James Champion de Crespigny said, "This optionality to expand Plutonic's milling capacity, along with ongoing exploration success, will further de-risk Catalyst's long-term 200,000 ounce per annum production plan."

Champion de Crespigny added, "It is an option that will allow additional ore sources, including lower grade, bulk, open pit material to be included in the plan."

He concluded:

Between 1990 and 2008, Plutonic sustained average gold production rates much higher than today. This was a product of a 3Mtpa processing plant and large mineral endowment. Both attributes remain at Plutonic today, albeit they have suffered from underinvestment.

Catalyst has invested heavily in infrastructure and exploration. The goal has been to return Plutonic to a long life, self-sustaining, gold production centre commensurate with the scale of the mineral endowment. We believe that to be around 200,000 ounces per annum.

The post Guess which ASX 200 gold stock is leaping higher today on big expansion plans appeared first on The Motley Fool Australia.

The ASX gold stock is trading 2.99% lower at $5.685 at the time of writing, despite the company releasing new drilling results from its Plutonic Gold Belt.

The latest fall means Catalyst shares are now down around 15% over the past month and 22% in 2026.

That pullback has taken some heat out of a stock that had previously attracted plenty of interest from gold investors.

Here are the details of the announcement.

More drilling at Old Highway

In its ASX release, Catalyst reported new drilling results from Old Highway, an undeveloped gold project near its Plutonic processing plant in Western Australia.

Old Highway sits about 40 kilometres south-west of the plant and already has a resource of 206,000 ounces at 3 grams per tonne gold.

It also has a reserve of 140,000 ounces at 3.2 grams per tonne gold. This supports an initial 4-year mine life at 35,000 ounces a year from the Zone 400 deposit.

The latest drilling was aimed at testing extensions outside the current resource envelope.

Results included 6 metres at 4.1 grams per tonne gold, 5 metres at 4.7 grams per tonne gold, and 2 metres at 17.4 grams per tonne gold.

Catalyst also reported other hits, including 12 metres at 3.7 grams per tonne gold, 5 metres at 3.7 grams per tonne gold, and 2 metres at 9.1 grams per tonne gold.

The company said some of these results fill the gap between deeper drilling and the shallower hits reported in February.

What Catalyst is trying to build

Old Highway is part of the company's broader plan to grow production from the Plutonic Gold Belt.

Catalyst currently produces about 100,000 ounces of gold a year from the belt. Its longer-term plan is to lift that to around 200,000 ounces a year by adding new sources of ore.

Management said the Old Highway development plan will mirror Trident, starting with a small, self-funded open pit before moving into a longer-life underground mine.

These deposits also sit close to an existing processing plant, which could help lower development costs compared with building a new operation from scratch.

Foolish Takeaway

The drilling update looks solid, but it hasn't been enough to change the direction of the share price today.

Nonetheless, the business still has plenty working in its favour. It is producing gold, generating cash, and trying to build a larger mine plan around the Plutonic Gold Belt.

After a 15% fall in a month, I think the selling looks a bit harsh. Catalyst is still drilling around deposits that could feed an existing processing plant.

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That leaves the ASX 200 at 8,640.7 points.

This rather wild day on the ASX follows a mixed night up on the American markets overnight.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't quite hold its own and ended up dropping 0.14%.

However, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was in a better mood and gained a healthy 1.2%.

Let's return to the local markets now, though, and see what kind of movements were happening amongst the various ASX sectors today.

Winners and losers

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

The share market has been volatile this year amid a metals rout in late January and the ongoing global oil shock.

ASX 200 shares are now in the red for 2026, down 1% in the year to date (YTD) at the time of writing.

However, brokers say the following three ASX 200 shares are on a completely different trajectory.

In fact, they reckon these stocks could more than double in value over the next year.

Let's find out why.

Catalyst Metals Ltd (ASX: CYL)

The Catalyst Metals share price is $5.64, up 1.5% today, and down 24% in the YTD.

Morgans has a buy rating on this ASX gold mining share with a 12-month target of $15.13.

This implies a potential 163% capital gain over the next 12 months.

After reviewing the miner's 3Q FY26 report, Bell Potter said:

We maintain our BUY rating, with valuation supported by strong cash generation and a clear production growth pipeline, albeit with near-term cost pressures emerging.

Catalyst reported gold production of 26.1koz at an all-in sustaining cost (AISC) of A$2,901 per ounce for 3Q FY26.

Morgans said the miner generated solid operating cash flow of A$103 million at an average realised price of A$7,014 per ounce.

CYL continues to strengthen their balance sheet, adding A$39m during the quarter to close with A$277m in cash and bullion while reinvesting heavily across growth and exploration initiatives.

Growth momentum continues across the Plutonic Belt, with multiple new ore sources advancing (Trident, K2, Old Highway) alongside a high-grade discovery at Cinnamon, supports the pathway to c.200kozpa production.

Mesoblast Ltd (ASX: MSB)

The Mesoblast share price is $2.03, up 2% today and down 27% YTD.

Mesoblast specialises in allogeneic cellular medicines for severe inflammatory diseases.

Bell Potter has reaffirmed its speculative buy rating on this ASX 200 healthcare share.

The broker has a $4.45 price target on Mesoblast shares, suggesting a more than doubling in value over the next year.

Bell Potter said:

The company's future is looking brighter than ever with revenues expanding and new product approvals now well advanced for heart failure and chronic lower back pain. 

At the very least, today's cash flow result should provide shareholders with confidence that MSB can generate earnings and cash flow positive operations from sales of Ryoncil alone.

Objective Corporation Ltd (ASX: OCL)

The Objective Corporation share price $10.69, down 0.09% today and down 35% YTD.

The ASX tech share hit a fresh 52-week low of $10.33 today.

Shaw and Partners reiterated its buy rating on Objective Corporation shares last week.

The broker has a price target of $22.10, implying a 106% upside ahead.

Last week, Objective Corporation founder and CEO Tony Walls spoke at Shaw & Partners' TechRise conference.

The broker said:

Management framed OCL as being in its strongest position in years despite broader SaaS disruption narratives, with FY26 ARR guidance unchanged at 10–14% and 15% reiterated as the core long-term target.

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At the time of writing, the Catalyst Metals share price is up 3.24% to $5.73.

That gives shareholders another positive session after a stronger week. Catalyst shares are now up almost 14% over the past 5 trading days.

But despite the recent bounce, Catalyst shares are still down about 22% since the start of 2026.

Let's take a closer look at the release.

Cinnamon drilling delivers again

In its ASX announcement, Catalyst said drilling at the Cinnamon underground deposit had returned more high-grade gold results.

The key result is that the underground strike length at Cinnamon has grown to 700 metres.

That is up 75% from the 400-metre strike length previously reported.

Catalyst said drilling has continued to confirm consistent, wide, high-grade underground zones. It also said those zones show strong potential to form a sixth underground ore source.

The location is also worth pointing out. Cinnamon sits around 25 kilometres from the underused Plutonic processing plant.

And because it sits close to the Plutonic plant, the latest drilling results could have a clearer path into future production growth.

What did the drilling show?

The latest drilling returned several strong intersections beneath the existing open pit.

Results included 38 metres at 10.5 grams per tonne gold from 45 metres, including 17 metres at 21.5 grams per tonne.

Other results included 37 metres at 3.7 grams per tonne, 7 metres at 14.6 grams per tonne, and 4 metres at 22 grams per tonne.

Catalyst said these results add to earlier high-grade intersections reported at Cinnamon.

Managing Director and CEO James Champion de Crespigny said the drilling had built the company's confidence in the deposit.

He said Cinnamon has the potential to become a fifth underground ore source feeding the centralised Plutonic processing plant.

Foolish bottom line

The bigger focus is Catalyst's growth plan for the wider Plutonic Gold Belt.

Catalyst said it is aiming to lift production from 410,000 ounces over 3 years to 200,000 ounces a year for more than 10 years.

But Cinnamon could become one of the extra ore sources needed to support that target.

The company said Plutonic currently has 1.5 million ounces of reserves across 5 mines. These include Plutonic Main and East, K2, Trident, and Old Highway.

About two-thirds of the 10-year production target is already underwritten by reserves, with another 15% sitting in inferred resources and 21% in exploration targets.

The post This ASX gold stock is climbing today after a big drilling update appeared first on The Motley Fool Australia.

At the time of writing, the ASX 200 gold miner is up 3% to $5.54.

Why is this ASX 200 gold miner rising today?

Investors have been buying the company's shares today after responding positively to the release of another strong drilling update from the Trident deposit at the Plutonic Gold Belt in Western Australia.

According to the release, drilling at Trident continues to extend mineralisation and points to further growth potential for the deposit.

This is important because Trident is expected to be one of the key mines supporting Catalyst's plan to lift annual gold production at Plutonic from around 100,000 ounces to around 200,000 ounces.

Strong drilling results

The latest drilling results were focused on converting inferred resources and testing extensions to known mineralisation.

Catalyst reported a number of high-grade intercepts, including 7 metres at 40.5 grams per tonne gold, 17 metres at 15.4 grams per tonne gold, and 14 metres at 9.2 grams per tonne gold.

Many of these intercepts sit outside the current Trident resource envelope, which suggests the resource could continue to grow over time.

Management noted that the results increase visibility on a potential mine life of more than 10 years at approximately 60,000 ounces per annum.

Commenting on the drilling, the ASX 200 gold miner's managing director and CEO, James Champion de Crespigny, said:

The drilling programs at Trident have delivered a Resource base which will underwrite a 10 year mine plan at ±60koz per annum. In time, we expect continued drilling will convert this Resource base into Reserves. Catalyst's business plan is to have multiple ore sources to feed the Plutonic processing plant for the reason that by doing so, Plutonic becomes a more stable, long term, lower cost operating centre able to provide sustained exposure to gold.

To achieve this, and to build out inventory from multiple different sources, drilling at other prospects like Cinnamon, Old Highway and K2 become very important. Accordingly, these projects are consuming exploration resources now that Trident has such an established mine life. Once Trident is up and running, we will return and fill in the drilling at depth to further extend its life.

Despite today's rise, Catalyst Metals' shares are underperforming in 2026. Since the start of the year, the ASX 200 gold miner's shares are down over 25%.

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