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

Deep Yellow Ltd (ASX: DYL)

The Deep Yellow share price is up 6% to $2.09. This follows the release of an exploration update from the uranium producer this morning. Deep Yellow advised that drilling at its flagship Tumas Project was successful. The company notes that drilling on the Tinkas prospect has confirmed the presence of uranium mineralisation in calcretised palaeochannel sediments, as well as in joints and fractures within schistose basement lithologies.

Develop Global Ltd (ASX: DVP)

The Develop Global share price is up 4.5% to $5.87. Investors have been buying the mining and mining services company's shares following the release of its quarterly update. Management revealed that production at its Woodlawn copper-zinc mine was successfully stress-tested at rates well in excess of nameplate. The company's managing director, Bill Beament, said: "It was pivotal quarter for Develop as we made huge progress across our three mining projects, setting up the Company for rapid growth. Woodlawn has met and exceeded our targets, culminating in the start of commercial production during the quarter. We are now set to increase cashflow generation as mining moves into higher-grades, coupled with historically low treatment charges."

Resolute Mining Ltd (ASX: RSG)

The Resolute Mining share price is up 1.5% to $1.47. This follows the release of the gold miner's quarterly update. The gold miner posted production of 59,603 ounces, which was in line with expectations. In addition, Resolute Mining's all-in sustaining costs (AISC) were $2,210 per ounce, which was also in line with guidance. This underpinned operating cash flow of $119.8 million, boosting its net cash balance to $315.4 million.

Santos Ltd (ASX: STO)

The Santos share price is up 3% to $7.68. The catalyst for this has been the release of the energy giant's first-quarter update. Santos recorded a 1% increase in production to 22.5 million barrels of oil equivalent. This supported a 3% increase in sales revenue to US$1.27 billion and free cash flow from operations of US$383 million. Santos' managing director and CEO, Kevin Gallagher, said: "Our base business continues to perform reliably, supporting free cash flow generation. The Pikka phase 1 oil project is now mechanically complete with commissioning activities progressing well and first sales oil expected in the coming weeks."

The post Why Deep Yellow, Develop Global, Resolute Mining, and Santos shares are pushing higher today appeared first on The Motley Fool Australia.

That's because the team at Bell Potter believes it could be a strong buy following the achievement of a major milestone.

Which ASX mining stock?

The stock that has caught the eye of Bell Potter is Develop Global Ltd (ASX: DVP).

It notes that the company operates under a hybrid model as an underground mining contractor and owner of three mining assets. These are the Woodlawn Zinc-Copper Mine, the Sulphur Springs Zinc-Copper Project, and Pioneer Dome. The latter is a hard rock lithium deposit.

Bell Potter highlights that the ASX mining stock has achieved steady-state production ahead of its nameplate processing capacity rate. It said:

DVP announced steady-state production exceeded the nameplate processing capacity rate of 850ktpa during the March 2026 quarter. Mined tonnes grew 46% QoQ to 181,973t, with stoping tonnes rising 53% QoQ and processed tonnes lifted 25% QoQ to 176,550t (BPe 185,000t). During March, mined ore was 80,510t (966ktpa annualised) and processed ore was 77,741t (933ktpa annualised).

Metal concentrate tonnes rose 50% QoQ to 14,219t and metal concentrate value rose 66% QoQ. We are expecting to see historically low zinc TC/RC and negative copper TCs translate into an expansion in Net Smelter Returns and net revenue.

The good news is that this comes at a time when commodity prices are looking favourable for Develop Global.

But the positives may not end there. Bell Potter highlights that there are a number of upcoming catalysts that could be a boost to its share price. It adds:

Upcoming catalysts: 1) Demonstration of Woodlawn earnings and FCF growth (at least consistent with BPe); 2) updates on Woodlawn exploration; 3) Sulphur Springs FID and financing package finalisation; 4) a third Mining Services contract award; and 5) Pioneer Dome offtake and financing.

Strong potential returns

According to the note, Bell Potter has retained its buy rating on the ASX mining stock with an improved price target of $6.50.

Based on its current share price of $5.51, this implies potential upside of 18% for investors over the next 12 months.

Commenting on its buy recommendation, the broker said:

Woodlawn steady-state production is coinciding with favourable copper, zinc and silver market fundamentals, bolstering the case for consensus outperformance. The strong operational track-record at Woodlawn should give investors comfort in DVP's ability to deliver similar timely outcomes at Sulphur Springs and Pioneer Dome.

The post Why this ASX mining stock could be a strong buy after major milestone appeared first on The Motley Fool Australia.

Over February, ASX All Ords shares lifted almost 2.9% amid impressive results from the banks and miners, in particular.

Today, scores of ASX All Ords shares are ending the reporting season at a 52-week high.

Let's check out a few of them.

Ramsay Health Care Ltd (ASX: RHC)

The Ramsay Healthcare share price lifted 3.6% to a 52-week high of $43.65 on Friday.

Yesterday, Ramsay Healthcare reported a 1H FY26 net profit after tax attributable to owners of $160.7 million.

That was a significant improvement on the $104.9 million loss recorded in 1H FY25.

The ASX All Ords healthcare share will pay a fully-franked interim dividend of 42.5 cents per share.

That's up 6.3% on 1H FY25.

Woodside Energy Group Ltd (ASX: WDS)

The largest ASX All Ords oil share rose 1.5% to $28.36 on Friday.

That's the highest Woodside share price since July 2024.

This week, Woodside reported record production of 198.8 MMboe in FY25, up 3% from FY24.

The net profit after tax (NPAT) was US$2,718 million, down 24%.

Woodside shares will pay a fully-franked final dividend of 59 US cents per share.

That's up 11% in US dollar terms on the final FY24 dividend.

Woodside shares have also risen on the back of fears of US military action in Iran, which has pushed up oil prices.

National Australia Bank Ltd (ASX: NAB)

The NAB share price lifted 0.8% to a record high of $49.45 on Friday.

During the month, NAB reported cash earnings of $2.02 billion for 1Q FY26, up 15% on the average quarterly result in 2H FY25.

Evolution Mining Ltd (ASX: EVN)

The Evolution Mining share price lifted 3.6% to a record high of $16.99 on Friday.

This earnings season, Evolution Mining reported a 110% surge in NPAT to $766.6 million for 1H FY26.

Evolution shares will pay a fully-franked dividend of 20 cents per share.

That's the highest dividend the ASX 200 gold miner has ever paid, and it's 186% higher than the 1H FY25 dividend.

The second-largest ASX All Ords gold share continues to benefit from safe-haven trading, which is driving up the gold price.

Check out some recent forecasts for the gold price in 2026.

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price lifted 5.2% to a multi-year high of $9.74 on Friday.

ALS Ltd (ASX: ALQ)

The share price of this testing and inspection services provider rose 1.4% to a record $25.83.

Develop Global Ltd (ASX: DVP)

This ASX All Ords copper share lifted 3.2% to a multi-decade high of $5.85 today.

The post 7 ASX All Ords shares finish earnings season on a 52-week high appeared first on The Motley Fool Australia.

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

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

Trading Economics analysts explained why copper rose so strongly today:

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

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

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

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

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

The red metal is essential for electrification.

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

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

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

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

What happened with ASX copper shares today?

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

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

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

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

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

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

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

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

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

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

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

The weaker US dollar is supporting these commodities.

Trading Economics analysts explain:

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

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

The analysts said:

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

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

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

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

In the past 12 months, it has risen 138%. 

This includes a 22% rise already in 2026. 

It now sits close to its 52 week high. 

When valuations look full like this, it can be difficult for investors to jump in. 

However a new report from Bell Potter suggests the ASX materials stock can keep rising.  

2Q FY26 update

Yesterday, Develop Global released its Quarterly Activities Report- December 2025.

This included positive news regarding the company's Woodlawn site. 

The Woodlawn copper restart is Develop Global's recommissioning of its Woodlawn underground copper-zinc mine in NSW, bringing the operation out of care and maintenance and back into production. 

The company said the Woodlawn restart continues to perform strongly, with commissioning and ramp-up on schedule, putting the project on track for steady-state production in the March quarter:

• A record 59,000t processed in the month of December puts Woodlawn on track to reac name-plate capacity rate of 850,000tpa in the March quarter
• Quarterly revenue is up 98.5% to A$39.1 million from 9,472 tonnes of concentrate sales
• Copper and zinc concentrate production increased 36% and 43% respectively compared to the September quarter, predominately driven by higher grade production from the Kate lens. 

Reacting to the report, Bell Potter said: 

Woodlawn revenue was A$39.1m, higher than A$19.7m in the prior quarter and our $24.8m estimate. While processing volumes were broadly consistent with the prior quarter, greater copper and zinc concentrate production (up 36% and 43% on the prior quarter, respectively) implies higher head grade and / or metal recoveries.

Improved outlook for this ASX materials stock

In a report out of Bell Potter yesterday, the broker said the company ended the quarter with cash of $179.9m, drawn debt of $108.5m and equipment financing of $47.0m, for a net cash position of $24.4m (vs $46.0m at the end of the Sep-25 quarter).

This led to EPS changes of: FY26: +4% in FY26; nc in FY27-28.

Achieving steady-state Woodlawn production in the Mar-26 quarter is forecast to drive +92% EPS growth in FY27, with upside should spot commodity prices hold.

The broker highlighted the Mining Services division delivered A$55.5m in revenue in Q2 FY26. This was in line with expectations, driven by record output from its Bellevue Gold Mine contract.

The recently secured A$200m Waihi North tunnelling contract in New Zealand is set to commence in the June 2026 quarter, adding medium-term earnings visibility. 

Based on this guidance, the broker has updated its price target to $6.40 (previously $5.80). 

From yesterday's closing price, this indicates an upside of approximately 15.7%. 

The post "A+ Scorecard" – Bell Potter just upgraded this ASX materials stock appeared first on The Motley Fool Australia.

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

Benz Mining Corp (ASX: BNZ)

The Benz Mining share price is up 23% to $2.77. This follows the release of a drilling update from the gold explorer. Strong results were achieved at the Glenburgh Gold Project in Western Australia. Benz CEO, Mark Lynch-Staunton, commented: "Results from the latest drilling at Icon and Tuxedo continue to reinforce our view that this is a large, coherent mineralised system with genuine scale. […] Glenburgh is rapidly emerging as a genuinely large gold system, and each round of drilling continues to build scale, confidence and long-term value for shareholders."

Boss Energy Ltd (ASX: BOE)

The Boss Energy share price is up 9% to $1.96. Investors have been buying the uranium producer's shares following the release of a solid quarterly update this morning. Boss Energy reported record drummed production of 456 klbs U3O8 and IX production of 406 klbs for the three months from the Honeymoon operation. This represents an 18% and 8% increase, respectively. Another positive was that Honeymoon's C1 costs were $30 per pound (US$20 per pound). This is down 12% following positive results from reagent optimisation in the wellfields and plant.

Develop Global Ltd (ASX: DVP)

The Develop Global share price is up 1.5% to $5.60. This follows the release of the mining and mining services company's quarterly update. The company reported a 98.5% increase in quarterly revenue to $39.1 million from 9,472 tonnes of concentrate sales. Develop's managing director, Bill Beament, said: "It was a pivotal quarter for Develop which has set up the company for rapid growth in copper, zinc and silver/gold production."

DigiCo Infrastructure REIT (ASX: DGT)

The DigiCo Infrastructure REIT share price is up 4.5% to $2.73. This appears to have been driven by a broker note out of Bell Potter. It upgraded the data centre company's shares to a buy rating with a $3.25 price target. The broker said: "Stock has been a key underperformer across the REIT sector last 6m (-17% vs. -3% XPJ), but yet there is now more certainty on leasing / FFO in FY26+ post guidance update." Bell Potter's price target implies further upside of 19% for investors over the next 12 months.

The post Why Benz Mining, Boss Energy, Develop Global, and Digico shares are storming higher today appeared first on The Motley Fool Australia.

ASX mining shares dominate the list of companies hitting these new price milestones today.

Arguably, the most significant price peak today is for BHP Group Ltd (ASX: BHP) shares.

BHP reclaimed its place as the All Ords' largest share by market capitalisation from Commonwealth Bank of Australia (ASX: CBA) today.

CBA took the title from BHP in July 2024 during an unprecedented run that took it to a record $192 per share in June 2025.

The CBA share price is $150.35 on Tuesday, up 0.85%, while BHP shares are $49.66, up 2.54%, at the time of writing.

The BHP share price hit a two-year high of $50.08 this morning.

But today isn't all about BHP shares.

Plenty of other ASX All Ords shares have smashed new multi-year highs as well.

Here's a sample.

ASX All Ords shares reaching new price highs

As stated earlier, mining shares dominate the list of company highs today, so let's focus on them first.

Besides BHP, two other large-cap ASX diversified miners hit new 52-week share price highs.

The Mineral Resources Ltd (ASX: MIN) share price rose 2.8% to a 52-week high of $64.05.

South32 Ltd (ASX: S32) shares hit a 52-week high of $4.54 per share, up 3.4%.

Among the ASX All Ords gold shares, Newmont Corporation CDI (ASX: NEM) lifted 1.9% to a record high of $181.91.

The Resolute Mining Ltd (ASX: RSG) share price soared 10.3% to a 52-week peak of $1.50.

Ramelius Resources Ltd (ASX: RMS) shares surged 3.5% to a record $5.09.

Regis Resources Ltd (ASX: RRL) shares increased 2.8% to a multi-year high of $8.58.

Copper and gold miner Firefly Metals Ltd (ASX: FFM) lifted 5.8% to a 52-week high of $2.20 per share.

Among ASX silver shares, Silver Mines Ltd (ASX: SVL) rose 12.5% to a 52-week high of 27 cents.

Canaccord Genuity sees more growth ahead for Sun Silver Ltd (ASX: SS1) shares, which rose 6.5% to a record $2.47 apiece today.

ASX All Ords lithium shares also hit new price peaks.

Shares in lithium and nickel producer IGO Ltd (ASX: IGO) increased 2% to a two-year high of $9.50.

The Winsome Resources Ltd (ASX: WR1) share price lifted 11.7% to an 18-month high of 67 cents.

Hot Chili Ltd (ASX: HCH) shares soared 9.2% to a 52-week high of $1.89.

Among ASX All Ords copper shares, Capstone Copper Corp CDI (ASX: CSC) soared 8.8% to a record $16.27 per share.

The Develop Global Ltd (ASX: DVP) share price rose 5.8% to a four-year high of $5.67.

What about ASX All Ords shares from other sectors?

ASX All Ords retail stock Nick Scali Limited (ASX: NCK) ascended 1.9% to a record $26.08 per share.

Engineering services company Monadelphous Group Ltd (ASX: MND) lifted 3.6% to a record $30.98.

Testing and inspection services provider ALS Ltd (ASX: ALQ) rose 1.4% to a record $24.41.

The post ASX All Ords shares smashing 52-week highs today appeared first on The Motley Fool Australia.

WIRE ETF is soaring due to rising demand for copper as the green energy transition starts showing itself in rising commodity prices.

But WIRE's performance since inception in November 2022 is also impressive at an average 34.23% per annum.

Last year was particularly strong amid the copper price soaring 42%.

The red metal traded above US$6 per pound for the first time earlier this month.

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

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

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

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

The weaker US dollar is also supporting the copper price as investors seek safety in base metals like copper and precious metals like gold.

Trading Economics analysts explain:

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

Investment demand has also picked up, with Chinese merchants offering 1-kilogram investment-grade copper bars despite challenges in the secondary resale market.

Additionally, physical buyers are front-loading copper deliveries ahead of the Lunar New Year holiday in China and potential US tariffs on refined metal, further tightening global supply.

Elsewhere, robust consumption driven by the global shift toward renewable energy and artificial intelligence applications continues to support copper demand.

Nitty-gritty on WIRE ETF

WIRE seeks to mirror the performance of the Solactive Global Copper Miners Total Return Index before fees.

WIRE holds 39 stocks and offers good geographical diversification.

This mix is 37% Canada, 11% US, 10% Australia, 10% Hong Kong, 7% Japan, 6% Poland, 5% Sweden, and the list goes on.

The ASX copper shares among WIRE's investments include the market's biggest copper pure-play, Sandfire Resources Ltd (ASX: SFR), at 3.2%.

BHP Group Ltd (ASX: BHP), now the world's largest copper producer, makes up 4% of WIRE's investments.

Capstone Copper Corp CDI (ASX: CSC) shares provide another 3%, and Develop Global Ltd (ASX: DVP) makes up 0.36%.

WA1 Resources Ltd (ASX: WA1) shares are in there, too, at 0.2%.

Last month, James Gerrish from Shaw and Partners said WIRE was his team's preferred copper exposure among ASX ETFs.

Gerrish said:

The ASX-listed Global X Miners ETF (WIRE) remains one of our preferred vehicles for broad exposure to global copper producers.

From a regional perspective, it only has 11% exposure to Australia, with Canada providing the main holdings.

It has a decent $400mn market cap, while its fees are okay at 0.65%.

The post This ASX ETF has returned 34% annually since inception appeared first on The Motley Fool Australia.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Woah.

Total returns…

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

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

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

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

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

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

Ripper!

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

Three top ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:

AMP Ltd (ASX: AMP)

According to a note out of Citi, its analysts have upgraded this financial services company's shares to a buy rating with a $2.10 price target. The broker believes a buying opportunity has been created following share price weakness in response to AMP's third quarter update. As well as seeing value in its shares at current levels, the broker believes that there could be a capital return announced with its results next month. Combined with strong cost control and a stabilisation in underlying bank earnings, Citi believes there are plenty of reasons to be positive. The AMP share price is trading at $1.83 on Monday afternoon.

Develop Global Ltd (ASX: DVP)

A note out of Bell Potter reveals that its analysts have retained their buy rating on the ASX mining stock with an improved price target of $5.80. The broker has upgraded its estimates to reflect higher than expected commodity prices. Outside this, the broker believes there are a number of tailwinds that could drive an outperformance. It points out that if silver prices remain elevated, it will accelerate the paydown of the silver stream liability with Sandstorm Gold. In addition, Bell Potter thinks that the achievement of steady-state production at the Woodlawn project could be a big boost to its share price. As could the announcement of the Sulphur Springs final investment decision and the finalisation of its financing package. The Develop Global share price is fetching $5.27 at the time of writing.

WiseTech Global Ltd (ASX: WTC)

Another note out of Citi reveals that its analysts have retained their buy rating and $109.15 price target on this logistics solutions technology company's shares. The broker believes the company can achieve the midpoint of its annual revenue guidance despite granting some customers a short-term exemption from its new pricing model. While Citi concedes that second half revenue from Cargowise value packs could be smaller than previously expected, it believes this could be offset by stronger than expected industry freight volumes. Citi also sees potential upside to its earnings from lower than forecast operating expenses. The WiseTech Global share price is trading at $67.49 on Monday afternoon.

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

Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher:

Develop Global Ltd (ASX: DVP)

The Develop Global share price is up 7% to $5.30. Investors have been buying this mining and mining services company's shares following the release of a bullish broker note out of Bell Potter. According to the note, the broker has retained its buy rating on the company's shares with an improved price target of $5.80. This implies further potential upside of 9.5% over the next 12 months. It said: "With Woodlawn de-risking behind us, DVP presents a unique small-cap copper-zinc exposure that is relatively undervalued compared with peers in the Resources space."

Imricor Medical Systems Inc (ASX: IMR)

The Imricor Medical Systems share price is up 18% to $1.86. This has been driven by news that the medical device company has received clearance by the US Food and Drug Administration (FDA) for its Vision-MR Diagnostic Catheter. The catheter is designed to be used under real-time magnetic resonance imaging (MRI) guidance. Imricor's CEO, Steve Wedan, said: "This is obviously a tremendous milestone for the Imricor team, and I want to acknowledge the outstanding work of the entire team in reaching this achievement. Most of us have worked at companies that have existing medical devices on the US market, and getting a new device on the market is always a big deal."

Light & Wonder Inc (ASX: LNW)

The Light & Wonder share price is up 16% to $179.10. Investors have been fighting to get hold of the gaming technology company's shares after agreeing to pay $190 million to settle the Aristocrat Leisure Ltd (ASX: ALL) litigation. Light & Wonder's CEO, Matt Wilson, said: "Light & Wonder is pleased to resolve this matter and move forward. We are firmly committed to doing business the right way – respecting our competitors' intellectual property rights while protecting our own rights. This matter arose when a former employee inappropriately used certain Aristocrat math without our knowledge and in direct violation of our policies."

PWR Holdings Ltd (ASX: PWH)

The PWR Holdings share price is up over 10% to $9.64. This morning, this advanced cooling products and solutions provider announced a US$9.1 million (~A$13.5 million) follow-on defence and aerospace contract. This will see it supply advanced cooling solutions for a US government project. The company's acting CEO, Matthew Bryson, said: "PWR announced the initial US$5.5 million order for this project in January 2025 and securing a follow-on order reflects the successful delivery of that first phase and demonstrates our ability to execute reliably and adapt to evolving program requirements on complex projects."

The post Why Develop Global, Imricor Medical, Light & Wonder, and PWR shares are storming higher today appeared first on The Motley Fool Australia.

That's the view of analysts at Bell Potter, which believe this unique ASX mining stock could be a top buy.

What is the broker saying?

Bell Potter has been busy updating its forecasts after revising its commodity price deck. It said:

Prices for copper, zinc and silver have exhibited a significant rally in FY26TD, with current spot prices up 43%, 11% and 156% YoY, respectively. We mark-to-market December 2025 quarter prices: copper 9% higher than BPe; zinc 20%; and silver 31%.

Looking ahead, we raise our FY26-27 price forecasts by: 9% / 5% for copper to US$10,980/t / US$11,000/t (consensus: US$10,718/t / US$10,918/t); 13% / 10% for zinc to US$3,050/t / US$2,950/t (consensus: US$2,969/t / US$2,841/t); and 23% / 51% for silver to US$54/oz / US$62/oz (consensus: US$40/oz / US$51/oz). To help contextualise the materiality of these upgrades for Woodlawn, mine site revenue mix over FY26-27 averages 50% for copper, 25% for zinc and 12% for silver.

Bell Potter also highlighted a number of tailwinds for the mining stock's Woodlawn project. It adds:

Watch out for these Woodlawn tailwinds: 1) Sustainment of elevated silver prices will accelerate the paydown of the silver stream liability with Sandstorm Gold (capped at $27m); and 2) benchmark copper TC / RCs have reportedly collapsed to US$0/dmt for CY26 due to excess smelting capacity and scarcity of concentrate supply, while zinc TC / RCs are forecast to see a modest recovery during the year. We expect lower aggregate TC / RCs in CY26 to enhance Woodlawn EBITDA generation and margins.

But the catalysts don't stop there. It adds:

Near-term catalysts: 1) Woodlawn operational update, outlining achievement of steady-state production, and subsequent financial updates (quarterly revenue, EBITDA and margins); 2) exploration updates at Woodlawn; 3) Sulphur Springs FID and financing package finalisation; and 4) a potential Mining Services contract award.

Should you buy this ASX mining stock?

In light of the above, Bell Potter has retained its buy rating on the ASX mining stock with an improved price target of $5.80 (from $5.20).

Based on its current share price of $4.96, this implies potential upside of 17% for investors over the next 12 months.

The broker concludes:

With Woodlawn de-risking behind us, DVP presents a unique small-cap copper-zinc exposure that is relatively undervalued compared with peers in the Resources space.

The post Buy this 'unique' ASX mining stock for a 17% return: Bell Potter 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 following a positive finish to the last one on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 29 points or 0.35% higher. In the United States, the Dow Jones was up 0.5%, the S&P 500 rose 0.65%, and the Nasdaq jumped 0.8%.

Oil prices rise

It could be a good start to the week for ASX 200 energy shares such as Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices rose on Friday night. According to Bloomberg, the WTI crude oil price was up 2.35% to US$59.12 a barrel and the Brent crude oil price was up 2.2% to US$63.34 a barrel. This was driven by concerns over Iranian supply.

Buy Develop Global shares

The team at Bell Potter thinks investors should be buying Develop Global Ltd (ASX: DVP) shares. According to the note, the broker has retained its buy rating on the mining and mining services company's shares with an improved price target of $5.80. It said: "With Woodlawn de-risking behind us, DVP presents a unique small-cap copper-zinc exposure that is relatively undervalued compared with peers in the Resources space."

Gold price rises

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a decent start to the week after the gold price pushed higher again on Friday night. According to CNBC, the gold futures price was up 0.9% to US$4,500.9 an ounce. Geopolitical concerns and US interest rate cut optimism were behind the rise.

Hold Atlas Arteria shares

Analysts at Morgans think that Atlas Arteria Group (ASX: ALX) shares are fairly valued at current levels. They have retained their hold rating on the toll road operator's shares with a trimmed price target of $4.74. The broker said: "Forecast of ALX free cashflow and cash reserves is downgraded (but we still see ALX as capable of sustaining the current DPS of 40 cps until at least the end of the decade). DCF-based business-as-usual valuation of ALX reduces 30 cps to $4.43/sh, due to the forecast changes. 12 month target price (which includes a mild premium for potential takeover activity) declines 31 cps to $4.74/sh."

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

To narrow things down, let's take a look at three popular shares and see if analysts think they are buys, holds, or sells. Here's what they are saying:

Develop Global Ltd (ASX: DVP)

The team at Bell Potter is positive on this mining and mining services company. In response to news of an underground mining contract from OceanaGold, the broker has retained its buy rating with an improved price target of $5.20.

The broker also likes the company due to its Woodlawn project, which it believes could drive a re-rating of its shares. It said:

DVP enters an important phase of its Woodlawn commercialisation journey with commissioning to be completed in the March 2026 quarter. We expect demonstration of earnings and FCF expansion from Woodlawn to drive a re-rate for DVP; spot copper, zinc and silver prices are currently ahead of our FY26 forecasts, presenting upside to valuation and earnings expectations the longer they remain ahead of forecasts. Near-term catalysts include Sulphur Springs financing completion and processing plant construction commencement and further external DMS contract wins.

Metcash Ltd (ASX: MTS)

This wholesale distributor recently released its half year result for FY 2026. While Ord Minnett wasn't overly impressed with the performance of its hardware and liquor divisions, it remains positive on valuation grounds. It has a buy rating and $4.00 price target on the company's shares. The broker said:

Metcash posted first-half FY26 earnings short of market expectations, driven partly by the earlier recognition of restructuring costs than consensus had forecast. The key food business met forecasts, but the hardware and liquor divisions fell short of expectations. […] Post the result, we have cut our EPS estimates by 8.0%, 9.2% and 8.3% for FY26, FY27 and FY28, respectively, primarily due to the challenges facing the liquor and hardware operations. This leads us to cut our target price on Metcash to $4.00 from $4.60, but we maintain our Buy recommendation on valuation grounds.

Treasury Wine Estates Ltd (ASX: TWE)

A recent update from this wine giant disappointed analysts at Morgans. Although the broker was expecting a bad update, it was even weaker than feared.

Given its poor performance in the US, its weakening balance sheet, and high level of earnings uncertainty, the broker rates it as a hold with a $5.25 price target. It said:

As we feared, but even weaker than expected, TWE's trading update meant that consensus estimates were far too high. Its US performance was particularly disappointing given of all the capital spent in recent years. Gearing is now well above TWE's target range and will remain high for the next couple of years. While we made large downgrades to our forecasts only two weeks ago following the goodwill write-down, TWE's new trading update has seen us make another round of material revisions. We stress that earnings uncertainty remains high. It will take time for new management to deliver more acceptable returns and for TWE to rebuild credibility with the market. We maintain a HOLD rating.

The post Buy, hold, sell: Develop Global, Metcash, and Treasury Wine shares appeared first on The Motley Fool Australia.

The analyst team at Bell Potter has said in its end-of-year wrap-up to clients that iron ore and gold production is set to rise over the next three years, "benefiting services companies leveraged to mining volumes".

They went on to say:

In exploration markets, the cycle has clearly demonstrated an inflection, with exploration facing companies reporting increased activity and demand for their services. Junior equity raisings have recently trended above the 2021 and 2011 peaks; as a leading indicator, we expect junior exploration activity to lift meaningfully over CY26.

The analyst team says while East Coast infrastructure looks "patchy" going forward, key sub-sectors such as energy generation, storage, transmission, and water utilities are looking good.

The rapidly expanding data centre sector would also provide tailwinds for companies in the infrastructure game.

So who do they like in the sector?

Develop Global Ltd (ASX: DVP)

This company is a bit different to a straight mining services company, given it is an underground mining contractor as well as the operator of two mining projects – the Woodlawn Zinc-Copper Mine in New South Wales and the Sulphur Springs Zinc-Copper Project in Western Australia.

The company also just last week announced it had won a $200 million contract at OceanaGold's Waihi North Project in the North Island of New Zealand.

Bell Potter said in its note to clients that the company is expected to ramp up to commercial production at Woodlawn in the March quarter of 2026, "representing a major re-rate catalyst''.

Bell Potter has a $5.20 price target on Develop Global shares, compared with the price of $4.36 currently.

IPD Group Ltd (ASX: IPG)

IPD, the Bell Potter team said, delivered better than expected first-half guidance at its recent annual general meeting, and was well-leveraged to the strong spend around data centres and infrastructure.

They said IPD had a "current strong order book and pipeline opportunities", and strong free cash flow over the next two financial years "should support de-leveraging and balance sheet flexibility to target multiple accretive bolt-on acquisitions''.

Bell Potter has a $5 price target on IPD shares compared with $4.07 currently.

Duratec Ltd (ASX: DUR)

This company wins a high level of repeat business in the Western Australian engineering field, due to its reputation and quality of completed projects, Bell Potter said.

Its track record of growth is aided by bringing specialist contractors into the group, adding new customers and markets. The FY25 results saw growth in energy and emerging sectors, with revenue up by 77% to $82.5m and 175.5% to $60.6m respectively, nearly all delivered organically.

The company also has exposure to the defence sector, which should benefit from the AUKUS work to begin soon.

Bell Potter has a $1.90 price target on Duratec shares compared with $1.79 currently.

The post Bell Potter names three engineering companies to buy appeared first on The Motley Fool Australia.

The company operates under a hybrid model as an underground mining contractor and operator of two mining assets: The Woodlawn Zinc-Copper Mine in New South Wales and The Sulphur Springs Zinc-Copper Project in Western Australia.

Key contract win

On Friday, the company announced it has been awarded a A$200 million underground development contract to establish access tunnels at OceanaGold's Waihi North Project in the North Island of New Zealand.

According to Develop Global, the five-year contract at the Waihi North Project will start in the first half of 2026. 

Develop Managing Director Bill Beament said: 

This contract reflects the strength and depth of our Mining Services division, which includes some of the most experienced underground mining specialists.

We are delighted to be working with such a highly regarded multi-national mining house as OceanaGold and we look forward to combining the skills and experience of our people with a strong local workforce.

Bell Potter adjusts forecast

Following the announcement, broker Bell Potter released an updated report on this ASX materials stock, which included an increased price target. 

The broker said it had not included any additional mining services contracts in previous forecasts.

According to the report, revenue generation from this contract over the next 5 years is therefore incremental to its estimates; that is, scaling up to ~$40m per annum by FY27. 

Importantly, Bell Potter noted the OceanaGold contract improves DMS' revenue and earnings mix while building an important relationship with a global gold and copper producer that has a portfolio of four operating mines around the world.

The broker upgraded EPS forecasts by +2% in FY26 and +3% in FY27 after incorporating the OceanaGold contract.

Price target upside

Bell Potter has maintained its buy recommendation on this ASX materials stock. 

It has also raised its price target to $5.20 (previously $5.00). 

Based on Friday's closing price of $4.36, this indicates an upside of 19.27%. 

We expect demonstration of earnings and FCF expansion from Woodlawn to drive a re-rate for DVP; spot copper, zinc and silver prices are currently ahead of our FY26 forecasts, presenting upside to valuation and earnings expectations the longer they remain ahead of forecasts.

It said near-term catalysts include Sulphur Springs financing completion and processing plant construction commencement and further external DMS contract wins.

The post Top broker just raised its price target on this ASX materials stock appeared first on The Motley Fool Australia.

Four ASX shares that are rising more than most today are listed below. Here's why they are ending the week with a bang:

4DMedical Ltd (ASX: 4DX)

The 4DMedical share price is up 23% to $3.55. Investors have been buying this respiratory imaging technology company's shares after it entered into a commercial arrangement for the clinical use of CT:VQ with United States-based Cleveland Clinic. It is a CAT scan-based ventilation-perfusion software. 4DMedical's founder and CEO, Andreas Fouras, said: "In just over three months since FDA clearance, we've established CT:VQ at three of America's leading academic medical centres: Stanford, University of Miami, and Cleveland Clinic. This rapid adoption by elite institutions demonstrates the compelling clinical and operational advantages of CT:VQ over traditional nuclear VQ imaging."

Develop Global Ltd (ASX: DVP)

The Develop Global share price is up almost 6% to $4.43. This morning, the miner and mining services company revealed that it has been awarded a $200 million underground development contract. This will see the company establish access tunnels at OceanaGold's Waihi North Project in the North Island of New Zealand. Develop Managing Director Bill Beament said: "This contract reflects the strength and depth of our Mining Services division, which includes some of the most experienced underground mining specialists."

Electro Optic Systems Holdings Ltd (ASX: EOS)

The EOS share price is up 13% to $8.24. This has been driven by news that the defence and space company has won another contract. EOS has received a new $32 million order for its R400 Remote Weapon System (RWS) from a North American prime contractor supplying Light Armoured Vehicles (LAVs) to an end-user in South America. The undisclosed customer is described as a large, investment-grade defence manufacturer. Management notes that the RWS is being supplied by EOS in a ground-to-ground configuration. The systems will be manufactured at its manufacturing facility in Canberra during 2026 and 2027.

Maas Group Holdings Ltd (ASX: MGH)

The Maas Group share price is up 8% to $4.86. Investors have been buying its shares after it entered into an agreement with sovereign AI Factory builder and operator Firmus Technologies. This is for the delivery of turnkey modular electrical infrastructure for Firmus' first 100MW Launceston AI Factory cluster. The Australian construction materials, equipment and service provider advised that the agreement has an estimated total value of approximately $200 million.

The post Why 4DMedical, Develop Global, EOS, and Maas shares are racing higher today appeared first on The Motley Fool Australia.

Develop Global shares closed down 10.8% yesterday trading for $3.70, following the release of the miner's September quarterly update. During the Wednesday lunch hour today, shares are swapping hands for $3.51 apiece, down 5.1%.

Despite the two-day retrace, shares in the ASX 300 copper stock remain up an impressive 70.2% since the recent closing lows on 9 April. The company has been catching tailwinds from both the surging copper price and its own operational successes.

And MPC Markets' Jonathan Tacadena sees a "bright outlook" for Develop Global in the year ahead (courtesy of The Bull).

Should you buy the dip on the ASX 300 copper stock?

"DVP is actively advancing its copper-zinc projects in the Pilbara region of Western Australia," Tacadena said last week, prior to Tuesday's quarterly update release.

Citing the first reason he has a buy recommendation on the ASX 300 copper stock, he said, "An updated definitive feasibility study (DFS) at the Sulphur Springs project demonstrated a strong growth outlook, delivering a substantial uplift in value."

Atop the strong growth outlook, Tacadena also pointed to Develop Global's enviable operating costs. He said:

The DFS results painted a bright outlook in response to low cash operating costs, robust margins and impressive returns based on an updated 1.5 million tonne per annum underground mine.

And the third reason you might want to snap up shares today is the retrace in the company's share price since the recent 9 October highs.

"The shares rose from $3.49 on September 11 to close at $4.57 on October 9. The shares have since retreated to trade at $4.095 on October 23, which we consider an appealing entry point," Tacadena said.

Shares are down 14% since 23 October.

What's the latest from Develop Global?

Develop Global's share price took a hit yesterday, despite the ASX 300 copper stock reporting that site commissioning at its Woodlawn Copper-Zinc Mine in New South Wales is proceeding to plan, with the ramp-up in line with the project schedule.

Management expects the mine to hit nameplate capacity of 850,000 tonnes per year in the March 2026 quarter.

As for the miner's Sulphur Springs Zinc-Copper Project in Western Australia, Develop Global said the updated DFS shows "Sulphur Springs is set to generate outstanding financial returns with an exceptionally strong IRR and $1.5 billion of free cashflow".

The ASX 300 copper stock noted, "Sulphur Springs is significantly leveraged to copper and zinc, widely regarded as two critical metals for the future."

Develop held $203.8 million in cash as at September 30.

The post Up 70% since April, 3 reasons to buy this ASX 300 copper stock today appeared first on The Motley Fool Australia.

If you do, then it could be worth considering the ASX shares named below that have been tipped as buys by analysts, courtesy of The Bull. Here's what the broker is saying about them:

Develop Global Ltd (ASX: DVP)

The team at MPC Markets thinks this mining and mining services company could be a buy this week.

It was very pleased with a recent update on the Sulphur Springs project and believes that recent share price weakness has created an attractive entry point. It said:

DVP is actively advancing its copper-zinc projects in the Pilbara region of Western Australia. An updated definitive feasibility study (DFS) at the Sulphur Springs project demonstrated a strong growth outlook, delivering a substantial uplift in value. The DFS results painted a bright outlook in response to low cash operating costs, robust margins and impressive returns based on an updated 1.5 million tonne per annum underground mine. The shares rose from $3.49 on September 11 to close at $4.57 on October 9. The shares have since retreated to trade at $4.095 on October 23, which we consider an appealing entry point.

Steadfast Group Ltd (ASX: SDF)

Over at Sequoia Wealth Management. Its analysts are positive on general insurance broker network operator Steadfast and have named its shares as a buy.

The wealth manager appears to see its expansion into the United States as a reason to be positive on the future. It explains:

Steadfast operates a large general insurance broker network. It has growing operations in Asia and Europe. It's also expanding into the United States. The ability to maximise returns on a US roll-out is key to SDF's long term value. The company delivered a strong result in fiscal year 2025. Underlying revenue of $1.825 billion was up 8.9 per cent on the prior corresponding period. Underlying net profit after tax of $295.5 million was up 17.2 per cent. The final fully franked dividend of 11.7 cents a share was up 14 per cent. The company has guided for underlying net profit after tax to range between $315 million and $325 million in fiscal year 2026. At current valuations, we retain our outperform recommendation.

Worley Ltd (ASX: WOR)

Analysts at Bell Potter have named this engineering and professional services company as an ASX share to buy this week.

The broker believes that Worley is well-positioned to benefit greatly on the global decarbonisation megatrends. It explains:

Worley is a global engineering and professional services company. Its exposure to the energy transition is appealing, so the business is well placed to capitalise on global decarbonisation. Margin uplift in professional services amid traction in hydrogen, carbon capture and circular economy contracts highlight operating leverage. The stock offers value considering its growth options amid a favourable macro tailwind from government and corporate net zero commitments.

The post Analysts name 3 ASX shares to buy this week appeared first on The Motley Fool Australia.

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

Develop Global Ltd (ASX: DVP)

According to a note out of Bell Potter, its analysts have retained their buy rating on this copper and zinc miner's shares with an improved price target of $5.40. This follows the release of an update on the definitive feasibility study for the Sulphur Springs Zinc-Copper mining project. Bell Potter highlights that the project has a net present value greater than it was expecting with lower than forecast initial capex. Outside this, the broker highlights that Develop Global provides investors with direct leverage to critical and strategic minerals including copper and zinc. And with prices exhibiting strong growth in recent months, this bodes well for the company's near-term earnings and free cash flow outlook. The Develop Global share price is trading at $4.57 this afternoon.

Guzman Y Gomez Ltd (ASX: GYG)

A note out of Morgans reveals that its analysts have retained their buy rating on this quick service restaurant operator with an improved price target of $32.60. This follows the release of the burrito seller's first quarter update this week. Morgans notes that the quarter played out largely as expected with comparable sales growth improving slightly through the quarter as it cycled through a period of elevated demand in the prior corresponding period. The broker believes that the first quarter will likely be the low point for comparable sales growth this year and that it is onwards and upwards from here. In light of this, the broker feels that its margin guidance for FY 2026 is likely to prove conservative. The Guzman Y Gomez share price is fetching $25.91 at the time of writing.

Syrah Resources Ltd (ASX: SYR)

Analysts at Macquarie have upgraded this graphite producer's shares to an outperform rating with a vastly improved price target of 70 cents. According to the note, the broker believes that new export controls on lithium battery components and graphite anode materials are a major positive for Syrah. Especially given its unique position operating one of the world's largest natural graphite projects. Overall, the broker sees this as a re-rating event that is comparable to what has been seen in the booming rare earths industry this year. As a result, it has doubled the EV/EBITDA multiple that it thinks its shares deserve to trade on to 10x from 5x, resulting in a huge valuation increase. The Syrah share price is trading at 43 cents on Friday afternoon.

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