What did Deep Yellow report?

• Secured a long-term Water Supply Agreement for the Tumas Project with NamWater, covering construction, commissioning, and operational phases.
• Formalised local Namibian ownership with Oponona Investments for a 5% stake in Reptile Uranium Namibia (RUN), supporting project licensing.
• Oponona's share of historic and future Tumas expenditure will be carried as an interest-free loan, repayable from future dividends.
• Bulk earthworks at Tumas are complete, with over A$34 million in civil and concrete works now underway.
• Final Investment Decision for Tumas targeted for Q4 2026, subject to market conditions.

What else do investors need to know?

The agreement with NamWater secures one of Tumas Project's most critical long-term operating requirements, giving confidence around water supply for construction and future uranium production. These latest milestones bolster project certainty and construction readiness.

Deep Yellow also advanced key corporate social responsibility goals, with Oponona's stake and a Special Purpose Entity set up to ensure community benefit initiatives are implemented. Importantly, Oponona's loan structure aims to balance local ownership with financial sustainability, as repayments come from their dividend share.

The company continues to make progress on detailed engineering, procurement, and optimisation, as well as working towards securing project financing and enabling infrastructure before the anticipated Final Investment Decision later this year.

What did Deep Yellow management say?

Deep Yellow's CEO, Greg Field, commented:

This is another great outcome for Deep Yellow. We have closed out two important workstreams and continue to build momentum as we systematically prepare Tumas for development. Our approach has been clear and consistent – remove uncertainty wherever we reasonably can and build execution certainty before committing shareholder capital at FID. That is what we said we would do and it is what we are delivering. Securing long-term water provides certainty over one of Tumas' most critical operating requirements while the Oponona agreements give effect to local ownership arrangements contemplated under a binding Heads of Agreement previously disclosed by Deep Yellow.

These milestones build on completed bulk earthworks, major civil and concrete works now underway, and continued progress across engineering, procurement, optimisation and financing. Tumas is becoming progressively more de-risked and construction-ready. We have real momentum and will continue systematically closing out the remaining workstreams as we build the strongest possible platform for a disciplined investment decision.

What's next for Deep Yellow?

Deep Yellow is focused on successfully progressing its Tumas Project towards a Final Investment Decision in Q4 2026. The company is systematically working through all key development workstreams—aiming to reduce risk and lift execution certainty.

Beyond Tumas, Deep Yellow continues to advance projects in Western Australia and Namibia, with its goal to become a leading global uranium producer. The team is also alert for high‑quality M&A opportunities that align with its long-term growth strategy.

Deep Yellow share price snapshot

The Deep Yellow share price has modestly outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of 5%.

View Original Announcement

The post Deep Yellow delivers key Tumas milestones and secures project progress in Namibia appeared first on The Motley Fool Australia.

After a sour trading week last week, investors seem to have come back from the weekend with a little extra pep in the proverbial step, with the ASX 200 opening higher and staying in positive territory all day today. By the time the markets closed, the index had gained 0.49% to 9,103.1 points.

This happy start to the week's trading for the ASX followed a similarly buzzy end to the American trading week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) was in very fine form indeed, rising 0.98%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) wasn't quite as bubbly, but still gained 0.43%.

But let's return to this week and our local markets now for a closer look at what was happening amongst the various ASX sectors this session.

Winners and losers

Despite the market's rise this Monday, a few sectors still missed out on gains.

Leading those losers were consumer staples shares. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) was left out in the cold today, shrinking 0.95%.

Financial stocks also had a rough one, with the S&P/ASX 200 Financials Index (ASX: XFJ) sinking 0.72%.

Utilities shares were shunned, too. The S&P/ASX 200 Utilities Index (ASX: XUJ) slid 0.48% lower this session.

Our last losers were communications stocks, as you can see from the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.44% slip.

Turning to the green sectors now, it was mining shares that fronted the winners. The S&P/ASX 200 Materials Index (ASX: XMJ) roared 2.43% higher this Monday.

Gold stocks ran hot as well, with the All Ordinaries Gold Index (ASX: XGD) soaring up 1.71%.

Tech shares also had a day to remember. The S&P/ASX 200 Information Technology Index (ASX: XIJ) enjoyed a 0.96% surge.

Healthcare stocks were in demand as well, evidenced by the S&P/ASX 200 Healthcare Index (ASX: XHJ)'s 0.62% lift.

Energy shares were next. The S&P/ASX 200 Energy Index (ASX: XEJ) jumped 0.47% today.

Then came real estate investment trusts (REITs), with the S&P/ASX 200 A-REIT Index (ASX: XPJ) adding 0.12% to its total.

Industrial stocks managed a win. The S&P/ASX 200 Industrials Index (ASX: XNJ) put on another 0.1% this session.

Finally, consumer discretionary shares got over the line, illustrated by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.09% bump.

Top 10 ASX 200 shares countdown

Beating out some stiff competition to take out top spot on the index this Monday was tech stock Data#3 Ltd (ASX: DTL). Data#3 shares rocketed 17.85% higher today to finish at $11.09 each.

This huge gain followed the company releasing its latest earnings, which clearly had a lot going for them.

Here's the rest of today's best:

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

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

However, sentiment cooled off throughout the trading day, and the ASX 200 was lucky to finish ahead, eventually recording a rise of just 0.1%. That leaves the index at 8,976.8 points as we head into the weekend.

This lukewarm end to the Australian trading week followed a much more upbeat night up on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) was in fine form, rising 1.19%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) did much better again, gaining a euphoric 2.78%.

But let's get back to ASX shares now and take a closer look at what was happening within the various ASX sectors this session.

Winners and losers

We had plenty of both red and green sectors this Friday.

Leading the former were healthcare stocks. The S&P/ASX 200 Healthcare Index (ASX: XHJ) was hit hard, slumping 1.85%.

Consumer staples shares provided no cover either, with the S&P/ASX 200 Consumer Staples Index (ASX: XSJ) cratering 1.26%.

Communications stocks were on the nose, too. The S&P/ASX 200 Communication Services Index (ASX: XTJ) saw its value dive 0.73% today.

Financial shares also fared poorly, evidenced by the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.37% dip.

Consumer discretionary stocks were looked over, too. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) sank 0.24% this session.

Industrial shares were our last losers today, with the S&P/ASX 200 Industrials Index (ASX: XNJ) sliding down 0.04%.

Turning to the green sectors now, it was gold stocks that, fittingly, got the medal. The All Ordinaries Gold Index (ASX: XGD) soared 1.62% higher by the end of trading.

Broader mining shares also ran hot, illustrated by the S&P/ASX 200 Materials Index (ASX: XMJ)'s 1.43% surge.

Real estate investment trusts (REITs) were in demand as well. The S&P/ASX 200 A-REIT Index (ASX: XPJ) saw its value vault 0.69% higher.

Tech stocks enjoyed another positive day, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) lifting 0.56%.

Utilities shares were close behind. The S&P/ASX 200 Utilities Index (ASX: XUJ) got a 0.54% bump.

Finally, energy stocks got over the line, as you can see by the S&P/ASX 200 Energy Index (ASX: XEJ)'s 0.37% rise.

Top 10 ASX 200 shares countdown

Our best share to close out this Friday was healthcare stock 4DMedical Ltd (ASX: 4DX). 4DMedical shares rocketed 13.08% today to close the week at $3.63 each. This significant jump came after the company released a quarterly activity report this morning.

Here's the rest of today's best: 

Enjoy the weekend!

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

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

Canaccord Genuity has issued a bunch of reports this week. I've picked out four companies that they believe can deliver better than 100% returns.

Let's see who they like.

Deep Yellow Ltd (ASX: DYL)

This aspiring uranium producer is progressing its Tumas project in Namibia towards a final investment decision expected later this year.

CG said the company was continuing with its "disciplined execution" strategy, "conducting low-cost, long-duration work streams ahead of an anticipated Q4 CY26 final investment decision".

The broker said there were no major surprises in the quarter; however, the company's shares were sold off.

CG has a price target of $2.90 on Deep Yellow shares against $1.24 at the time of writing.

Meteoric Resources Ltd (ASX: MEI)

This company has recently signed a memorandum of understanding with the Korean giant POSCO, relating to the development of Meteoric's Caldeira rare earths project in Brazil.

CG said regarding the deal:

POSCO is one of the world's largest steel producers, having had long-standing and deep involvement in upstream mining and resource projects in Australia and Brazil. In addition to steel producing inputs, POSCO has a presence in critical minerals including lithium and rare earths.

CG said they expected Meteoric to release a definitive feasibility study into Caldeira during the September quarter.

They added:

In our view, the proposed partnership with POSCO is a major positive for MEI, through not only offtake (and favourable pricing mechanisms which could improve economics relative to China benchmarks), but perhaps just as importantly through its scale and access to capital and what this means for project financing.

CG has a price target of 40 cents on Meteoric shares compared to 18 cents at the time of writing.

Elevra Lithium Ltd (ASX: ELV)

CG said Elevra's concentrate production of 54,000 tonnes for the most recent quarter was ahead of consensus estimates, and the company's key operating metrics continue to improve.

The broker said the company was expected to release FY27 guidance in the coming weeks, with CG expecting that to come in at 199,000 tonnes.

They added:

As we noted … ELV is pursuing a staged expansion … which we expect will see production rates increase by ~50% to >330ktpa 2030. Based on our estimates, capital costs of US$270m over FY27-30 are fully funded, with the first stage of expansion to >220ktpa set for delivery in FY28e.

CG has a price target of $17.80 on Elevra shares compared to $7.38 at the time of writing.

The post 3 ASX mining companies this broker says could more than double in value appeared first on The Motley Fool Australia.

What did Deep Yellow report?

• Group cash and cash equivalents: A$160.0 million as at 30 June 2026
• Detailed engineering for the Tumas Project: 79% complete
• Bulk earthworks at Tumas: completed ahead of further construction
• Two major civil and concrete construction contracts awarded post-quarter
• Development expenditure: A$11.2 million during the quarter, primarily on Tumas
• No mining production activities; continued investment in exploration and technical work

What else do investors need to know?

Deep Yellow continued to advance its major projects across Namibia and Australia. In Namibia, work progressed on engineering and procurement for Tumas, with new contracts supporting construction readiness ahead of a Final Investment Decision targeted for late 2026, subject to market conditions.

Exploration activities in Namibia and Australia are ramping up, especially at the S-Bend Prospect and Alligator River Project, where a drilling campaign will start in August. Deep Yellow also moved to acquire Energy Resources of Australia's 50% interest in the Cooper Creek Joint Venture, expanding its Northern Territory uranium footprint.

What's next for Deep Yellow?

Deep Yellow remains focused on achieving a Final Investment Decision for the Tumas Project by the end of 2026, subject to uranium market conditions. The company will continue engineering and construction preparations, as well as progress long-term water and power supply agreements.

Exploration will ramp up across key prospects, aiming to add resource potential. In Western Australia, work on the revised Mulga Rock feasibility study continues, targeting project optimisation and value improvement. Management sees a positive uranium market outlook and plans to advance its diversified growth strategy from a strong cash position.

Deep Yellow share price snapshot

Over the past 12 months, Deep Yellow shares have declined 18%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Deep Yellow advances Tumas uranium project and reports $160m cash appeared first on The Motley Fool Australia.

This in-form display on the ASX boards follows a more downbeat session up on Wall Street last night.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn't hold on to an early lead and finished 0.012% lower.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was more decisive, dropping 0.57%.

But let's return to ASX shares now and check out what the various ASX sectors were up to this Thursday.

Winners and losers

Despite the market's gains, we had an even split between red and green sectors today.

Leading those red sectors were tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was hit hard, plunging 3.32%.

Consumer discretionary shares weren't popular either, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) diving 1.52%.

Next came healthcare stocks. The S&P/ASX 200 Healthcare Index (ASX: XHJ) ended up slumping 1.43%.

Communications shares were also on the nose, evident from the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 1.15% dip.

Consumer staples stocks were no safe haven. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) went backwards by 0.53%.

Our last losers were industrial shares, with the S&P/ASX 200 Industrials Index (ASX: XNJ) slipping 0.46%.

Turning to the green sectors now, mining stocks headlined the winners. The S&P/ASX 200 Materials Index (ASX: XMJ) soared 1.37% higher this session.

Gold shares were in demand as well, illustrated by the All Ordinaries Gold Index (ASX: XGD)'s 1.34% surge.

Energy stocks ran hot too. The S&P/ASX 200 Energy Index (ASX: XEJ) saw its value climb 0.98%.

Utilities shares followed energy, with the S&P/ASX 200 Utilities Index (ASX: XUJ) lifting 0.65%.

Real estate investment trusts (REITs) also enjoyed today's market sunshine. The S&P/ASX 200 A-REIT Index (ASX: XPJ) vaulted up 0.52% today.

Finally, financial stocks got across the line intact, as you can see from the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.29% bump.

Top 10 ASX 200 shares countdown

Financial stock Generation Development Group Ltd (ASX: GDG) was our best performer on the ASX today. Generation shares rocketed a massive 37.13% this session to close at $4.58 each. This extraordinary leap higher followed an exceptionally well-received quarterly update.

Here's how the rest of today's top stocks tied up at the dock: 

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

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

This rather indecisive session for the Australian markets came after an even nastier end to the American trading week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) had another tough session, dropping 0.77%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared even worse, falling a horrid 1.4%.

But let's get back to this week and our local markets, and take a closer look at what was happening across the different ASX sectors today.

Winners and losers

Tech shares were the sector that was singled out for punishment this Monday. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was slammed, tumbling 1.54%.

Utilities stocks fared better, but the S&P/ASX 200 Utilities Index (ASX: XUJ) still tanked by 0.63%.

Healthcare shares were in a similar boat. The S&P/ASX 200 Healthcare Index (ASX: XHJ) saw its value dive 0.49% today.

Mining stocks weren't popular either, evident by the S&P/ASX 200 Materials Index (ASX: XMJ)'s 0.34% dip.

Gold stocks were also no safe haven. The All Ordinaries Gold Index (ASX: XGD) ended up sinking 0.23%.

Real estate investment trusts (REITs) followed right behind gold, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) dipping 0.17%.

Our last losers this Monday were financial stocks. The S&P/ASX 200 Financials Index (ASX: XFJ) slipped 0.07% by the closing bell.

Let's turn to the winning sectors now. Leading the charge were energy stocks, illustrated by the S&P/ASX 200 Energy Index (ASX: XEJ)'s 1.8% surge.

Consumer staples stocks also ran hot. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) roared 0.43% higher this session.

Communications shares saw high demand too, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) lifting 0.39%.

Industrial stocks came next. The S&P/ASX 200 Industrials Index (ASX: XNJ) advanced 0.16% today.

Finally, consumer discretionary shares got themselves over the line, as you can see by the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ)'s 0.11% bump.

Top 10 ASX 200 shares countdown

Today's winner was healthcare share 4DMedical Ltd (ASX: 4DX). 4DMedical shares soared 7.19% higher this session to close at $3.43 each. This may have been a reaction to last week's announcement.

Here's the rest of today's best: 

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

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

What did Deep Yellow report?

• Two major civil and concrete construction contracts awarded for the Tumas Project in Namibia.
• Estimated combined contract value of around A$34 million, following a competitive tender process.
• Contracts awarded to 100% Namibian-owned contractors, supporting local content.
• Work packages cover processing plant concrete, precast infrastructure, and Run-of-Mine retaining structures.
• Mobilisation scheduled for August 2026 with sequential handover to reduce execution risk.

What else do investors need to know?

Both contracts were awarded to Namibian Construction Pty Ltd and Nexus Building and Civils Contractors Pty Ltd, reinforcing Deep Yellow's focus on in-country capability and local workforce participation. The company said the process followed industry-standard terms and competitive tendering.

Civil and concrete works will be delivered sequentially from August 2026. While they do not alter the planned 24-month construction schedule after the Final Investment Decision, the work is expected to create multiple work fronts and greater project flexibility.

What did Deep Yellow management say?

Managing Director and CEO Greg Field said:

These awards represent another important milestone in our disciplined approach to project development. Our objective has always been to systematically remove execution risk, secure high-quality contractors and ensure the Project is positioned for efficient delivery as we advance toward FID towards the end of this year. Civil and concrete works are fundamental to the successful delivery of any major processing facility. Securing these capabilities now creates multiple construction work fronts, increasing execution flexibility and strengthening confidence in execution once FID is reached.

We are equally pleased that both contracts have been awarded to highly capable Namibian companies. Developing Tumas in partnership with local industry is central to our strategy and reflects our commitment to delivering long-term value for Namibia alongside our shareholders.

What's next for Deep Yellow?

Deep Yellow is progressing towards a Final Investment Decision for the Tumas Project, expected in the fourth quarter of 2026. The company continues to pursue its dual-pillar growth strategy, aiming to become a globally significant uranium producer.

Its development pipeline also includes the Mulga Rock Project in Western Australia, and exploration projects in the Northern Territory and Namibia. With a strong focus on partnership and project execution, Deep Yellow expects to deliver long-term value for communities, shareholders and the uranium supply chain.

Deep Yellow share price snapshot

Over the past 12 months, Deep Yellow shares have declined 33%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.

View Original Announcement

The post Deep Yellow announces major construction contracts for Tumas Project appeared first on The Motley Fool Australia.

The US hit Iran following its attacks on vessels in the key global oil and gas shipping channel, the Strait of Hormuz.

Iran launched retaliatory strikes on US bases across the region.

The new strikes created uncertainty in global markets, with the S&P/ASX 200 Index (ASX: XJO) falling 0.43% to 8,806 points last week.

Energy shares followed oil and gas prices higher.

The Brent crude oil price increased 5.7% over the week to US$76.01 per barrel on Friday.

The US West Texas Intermediate (WTI) oil price lifted 4.6% to US$71.89 per barrel.

US heating oil rose 8.3% over the week.

UK gas prices rose 13%, German gas lifted 11.8%, and European gas increased 8.7%.

On Friday, Trading Economics analysts said:

Shipping traffic through Hormuz slowed sharply this week, with markets closely monitoring whether transit activity will normalize.

The strategic waterway continues to be a key sticking point in ongoing US-Iran negotiations.

Five of the 11 market sectors finished the week in the red.

Let's review.

Energy shares rise as US-Iran attacks resume

The Woodside Energy Group Ltd (ASX: WDS) share price rose 4.23% over the week to $29.05 on Friday.

The Santos Ltd (ASX: STO) share price lifted 7.32% to $7.62.

The Ampol Ltd (ASX: ALD) share price rose 4.13% to $35.28.

The Viva Energy Group Ltd (ASX: VEA) share price ascended 5.14% to $2.25 at Friday's close.

The Karoon Energy Ltd (ASX: KAR) share price finished 1.07% higher at $1.42.

Beach Energy Ltd (ASX: BPT) shares lifted 4.17% to 88 cents apiece.

The ASX 200's largest uranium share, Paladin Energy Ltd (ASX: PDN), rose 0.8% to $10.06 on Friday.

The Boss Energy Ltd (ASX: BOE) share price rose 6.3% to $1.35.

The Deep Yellow Ltd (ASX: DYL) share price fell 2.36% to $1.45.

The market's largest ASX 200 coal share, Yancoal Australia Ltd (ASX: YAL) fell 2.16% to $5.44.

The Whitehaven Ltd (ASX: WHC) share price lost 2.24% to finish the week at $7.42.

ASX 200 market sector snapshot

Here's how the 11 market sectors stacked up last week, according to CommSec data.

Over the five trading days:

The post ASX 200 energy shares rebound after US-Iran peace deal falls apart appeared first on The Motley Fool Australia.

After some initial wobbles, the ASX 200 spent most of the day in green territory and ended up closing a happy 0.5% higher. That leaves the index at a flat 8,806 points as we head into the weekend.

This optimistic Friday session for Australian investors follows a similarly bullish night on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) was cautiously optimistic, rising by 0.27%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was much more decisive, though, gaining a healthy 1.3%.

But let's return to the local markets now for a discussion of how the different ASX sectors handled today's warm trading conditions.

Winners and losers

Despite the market's sunny disposition today, there were still more than a few sectors that lost ground. 

Chief amongst those were healthcare stocks. The S&P/ASX 200 Healthcare Index (ASX: XHJ) was hit hard today, slumping 1.96%.

Consumer discretionary shares were on the nose as well, with the S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) sinking 1.13%.

We could say something similar for communications stocks. The S&P/ASX 200 Communication Services Index (ASX: XTJ) drifted 0.83% lower this session.

Tech shares weren't in the good books either, evidenced by the S&P/ASX 200 Information Technology Index (ASX: XIJ)'s 0.6% tumble.

Consumer staples stocks were in a similar ballpark. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) shrank by 0.5% this Friday.

We could say the same for industrial stocks, with the S&P/ASX 200 Industrials Index (ASX: XNJ) dipping 0.39%.

Utilities shares got no reprieve. The S&P/ASX 200 Utilities Index (ASX: XUJ) slid down 0.33% this session.

Our final losers were energy shares, illustrated by the S&P/ASX 200 Energy Index (ASX: XEJ)'s 0.21% slip.

Turning to the winners now, the hottest corner of the market was gold stocks. The All Ordinaries Gold Index (ASX: XGD) ended up soaring 2.65% higher.

Broader mining shares were also in demand, with the S&P/ASX 200 Materials Index (ASX: XMJ) surging 2.32%.

Real estate investment trusts (REITs) were a little tamer. The S&P/ASX 200 A-REIT Index (ASX: XPJ) still managed a 0.59% addition, though.

Finally, financial stocks got home safe, as you can see from the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.55% bounce.

Top 10 ASX 200 shares countdown

Uranium company Silex Systems Ltd (ASX: SLX) was today's index topper. Silex shares rocketed 9.4% higher to close at $5.70 each this Friday.

This decisive move came despite no obvious catalysts out from the company itself.

Here's the rest of today's best: 

Enjoy the weekend!

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

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

The S&P/ASX 200 Index (ASX: XJO) endured a red day this Thursday, with investors retreating after sending the market higher over the first half of the week. After a few healthy days, investors were clearly in a more sober mood today, with the ASX 200 dropping 0.62% after a bumpy session. That leaves the index at 8,911.1 points.

This thrifty day for the ASX comes after a decidedly red night up on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) wasn't playing nice, falling 0.98%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared even worse, tumbling 1.34%.

But let's get back to the Australian market now and dive a little deeper into how the different ASX sectors handled today's tough trading conditions.

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.

Here are six stocks that have strong 12-month growth ahead of them, according to market analysts.

CSL Ltd (ASX: CSL)

The CSL share price closed at $107.51 on Friday, up 0.3%.

The ASX 200 healthcare share jumped 9.8% last week while its peers in the S&P/ASX 200 Health Care Index (ASX: XHJ) rose 3.3%.

The CSL share price has cratered over the past two years, but many experts maintain a positive view on the former blue-chip.

There is a consensus moderate buy rating on CSL shares among 18 analysts on the Commsec trading platform today.

UBS renewed its buy rating on CSL shares with a 12-month price target of $158 last week.

This suggests potential capital gains of 47% ahead.

Waratah Minerals Ltd (ASX: WTM)

The Waratah Minerals share price closed out the week at 61 cents, down 1.6% on Friday.

Bell Potter reiterated its speculative buy rating after Waratah Minerals released new assay results last week.

The explorer is conducting an 80,000-metre drill program at its Spur Gold and Copper Project in NSW.

Bell Potter said:

The Spur project is showing strong indications of delivering a gold-copper deposit of substantial scale and grade in a strategic setting.

We see potential for the delineation of a regionally significant gold Resource of 2.5-3.0Moz at competitive gold grades between 0.8-1.0g/t Au.

The broker has an unchanged price target of $1.05, which indicates a potential 73% upside ahead.

Deep Yellow Ltd (ASX: DYL)

The Deep Yellow share price finished Friday's session at $1.42, up 4%.

Jefferies upgraded this ASX uranium share to a buy rating last week.

The broker has a target of $1.90, which implies 34% upside from here.

Graincorp Ltd (ASX: GNC)

The Graincorp share price closed at $5.18 on Friday, up 1.2%.

Ord Minnett has a buy rating and a $7.25 target on the ASX 200 consumer staples share.

This suggests potential capital growth of 40% ahead.

The broker said:

The FY27 crop is likely to be smaller than FY26, but it is now unlikely to be the disaster it was shaping up to be. In Ord Minnett's view, this makes the 21% retracement in the GrainCorp share price since 14 May seem like a significant overreaction. 

South32 Ltd (ASX: S32)

The South32 share price closed out the week at $4.52, up 3.4% on Friday.

Citi has reaffirmed its buy rating on this ASX 200 mining share.

Analyst Ephrem Ravi has a price target of $6.10.

This implies a potential 35% upside ahead.

Judo Capital Holdings Ltd (ASX: JDO)

The Judo share price finished Friday's session at $1.44, up 1.4%.

Morgans renewed its buy call on the ASX bank share with a $2.15 price target.

This implies a potential 50% upside over the next 12 months.

The post 6 ASX shares with 35% to 75% growth ahead of them: experts appeared first on The Motley Fool Australia.

This follows US President Donald Trump claiming a peace agreement with Iran could be reached this weekend.

Meanwhile, brokers have indicated new confidence in several ASX 200 shares.

Let's check them out.

Deep Yellow Ltd (ASX: DYL)

The Deep Yellow share price is $1.41, up 3.3% today.

Over the past month, this ASX 200 uranium share has fallen 22%.

Jefferies upgraded Deep Yellow shares to a buy rating on Monday.

The broker has a 12-month price target of $1.90.

This suggests a potential 35% upside ahead.

TPG Telecom Ltd (ASX: TPG)

The TPG share price is $3.70, down 0.1% today.

Over the past month, this ASX 200 telecommunications share has fallen 9%.

JP Morgan upgraded TPG Telecom shares to a hold rating this week.

The broker has a 12-month price target of $3.70.

This implies the stock is fully priced.

Graincorp Ltd (ASX: GNC)

The Graincorp share price is $5.20, up 1.6% today.

Over the past month, this ASX 200 consumer staples share has dropped 15%.

Ord Minnett upgraded Graincorp shares from an accumulate to buy rating this week.

The broker said:

We note that at the first-half FY26 results release on 14 May, there were growing concerns for the FY27 crop due to significant areas of northern NSW and Queensland not having sufficient soil moisture profiles to plant and a weather forecast suggesting a dry winter and the chance of El Nino.

Relieving rains of the past two weeks, however, have washed away these fears.‍ The FY27 crop is likely to be smaller than FY26, but it is now unlikely to be the disaster it was shaping up to be.

In Ord Minnett's view, this makes the 21% retracement in the GrainCorp share price since 14 May seem like a significant overreaction.

The broker has a 12-month price target of $7.25 on Graincorp shares.

This suggests a potential capital gain of almost 40% over the next year.

Vysarn Ltd (ASX: VYS)

The Vysarn share price is 98 cents, down 0.5% today.

Vysarn delivers production services to the resources, utilities, and construction sectors.

Morgans upgraded this ASX materials small-cap share after Vysarn announced an acquisition.

The broker lifted its rating from speculative buy to buy.

It also raised its target price from 90 cents to $1.10.

This implies a potential 12% upside ahead.

Morgans said:

VYS is acquiring NewGround, adding highly accretive (~25% EPS) annuity-style earnings that, alongside greater customer-base diversification in the industrial division, materially increases earnings visibility.

The limited upfront cash component of $8.3m preserves balance sheet flexibility, providing further capacity to continue building out its integrated water-services platform via acquisitions.

Incorporating NewGround from early October, we raise our EPS forecasts in FY27 and FY28 by +19 and +24% respectively.

Reflecting the improvement in earnings quality and reduced volatility, we upgrade VYS from Speculative Buy to Buy.

While the Kariyarra asset management business carries a binary outcome, at the current share price, investors are getting this optionality for free.

The post 4 ASX shares upgraded by brokers this week appeared first on The Motley Fool Australia.

After recording losses at the start of the week, investors seemed to find their sense of optimism today, with the ASX 200 staying in green territory all session, and closing 0.7% higher. That leaves the index at 8,785.7 points.

This turn of fortunes for Australian investors followed an upbeat night over on Wall Street.

The Dow Jones Industrial Average Index (DJX: .DJI) recovered from an early slump to finish 0.45% higher.

Meanwhile, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) only just managed to get over the line, gaining just 0.026%.

But let's get back to the local markets now and dive a little deeper into what was happening amongst the various ASX sectors this hump day.

Winners and losers

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

Four of the five companies they've assessed are trading at share prices that equate to a spot price lower than Macquarie's assumptions, meaning there's likely share price upside based on their modelling.

Let's have a look at what they're saying.

Paladin Energy Ltd (ASX: PDN)

Macquarie said Paladin had successfully ramped up production at its Langer Heinrich mine in Namibia and was also making "real progress" on its Patterson Lake South approvals in Canada.

Paladin recently reported that for the March quarter it had produced 1.29 million pounds of uranium at Langer Heinrich, up 5% from the previous quarter, "driven by strong processing plant performance''.

The Patterson Lake South Project had also had its environmental impact statement approved.

Macquarie said Paladin's share price underperformance against NexGen Energy (ASX: NXG), Cameco, and ASX-listed Namibian project developers "seems unwarranted".

Macquarie added:

We now see value in the shares, which imply a US$77/lb uranium price. We recognise downside risk to FY27 consensus production forecasts still exists into guidance, but investors are now being rewarded for taking this risk on, in our view.

Macquarie upgraded Paladin to outperform with a price target of $13.25.

Bannerman Energy Ltd (ASX: BMN)

Macquarie said that, with Bannerman's Etango project approaching a final investment decision and a partnership with China's CNNC substantially reducing funding needs, Bannerman shares were looking interesting.

Macquarie has an outperform rating on Bannerman shares with a price target of $5.55.

Deep Yellow Ltd (ASX: DYL)

Macquarie notes that Deep Yellow's Tumas project has completed earthworks and is entering the civil works phase, which could last 10 to 12 months.

Macquarie added:

Given its strong cash balance, DYL has at this stage preserved full flexibility on final investment decision timing. It is selecting a construction contractor, and is engaging with potential strategic partners on the project (including from the US).

Macquarie has an outperform rating on Deep Yellow shares with a price target of $2.25 per share.

Lotus Resources Ltd (ASX: LOT)

Lotus, Macquarie said, at its recent quarterly retracted some past production results and announced a series of management changes, with the shares subsequently falling more than 50%.

Macquarie said Lotus, which is already mining but not yet selling uranium, could need to raise capital if it faces delays getting export approvals.

Macquarie has a price target of $1.30 per share for Lotus, reduced from $1.90, which is still well above the current share price of 67.5 cents.

Boss Energy Ltd (ASX: BOE)

Macquarie said they still held concerns about Boss' downgrades to resources at the Honeymoon mine in South Australia and the new feasibility study.

Macquarie said:

It appears to be a smaller and more marginal asset than was widely believed under the prior management. However, we believe this is now more adequately reflected in the share price.

Macquarie upgraded its recommendation on Boss Energy to neutral from underperform and set a $2.25 share price target.

The post Which ASX uranium shares has Macquarie upgraded? appeared first on The Motley Fool Australia.

The ASX 200 spent today's entire session in red territory and ended up closing down 0.49%. That leaves the index at 8,701.8 points.

This rough start to trading this week for Australian investors comes after a more positive end to the American week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) barely broke even, inching just 0.025% higher.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was far more confident, though, rising a happy 1.71%.

But let's get back to this week and the local markets now for a look at what was happening with the different ASX sectors today.

Winners and losers

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

Shares in the S&P/ASX 200 Index (ASX: XJO) uranium stock closed yesterday trading for $1.835 cents. In afternoon trade on Tuesday, shares are changing hands for $1.830 apiece, down 0.3%.

For some context, the ASX 200 is down 0.7% at this same time.

Taking a step back, Deep Yellow shares have gained 54.8% over the past 12 months, smashing the 6.0% one-year gains posted by the ASX 200.

And looking ahead, Fairmont Equities' Michael Gable expects the ASX 200 uranium stock is well-placed to deliver more outperformance (courtesy of The Bull).

Here's why.

Should you buy Deep Yellow shares today?

"The uranium sector remains promising because demand should continue to outpace supply for the next few years," said Gable, who has a buy recommendation on Deep Yellow shares.

"Although the uranium price has edged higher in the past several months, I'm expecting a much bigger move to occur soon when utilities return to contract for future supplies," Gable noted.

On Monday, uranium futures in the United States were swapping hands for just over US$86 per pound. That's up from US$76 per pound in December, and up from US$70 per pound this time last year.

And amid expectations of further increases in global uranium prices, Gable thinks Deep Yellow stock looks bargain priced.

"This uranium developer, based in Namibia, appears cheap at these levels and it's highly leveraged to any increase in the underlying uranium price," he concluded.

What's the latest from the ASX 200 uranium stock?

Deep Yellow shares closed up 3.9% on 28 April following the release of the company's March quarter update.

Investors responded enthusiastically to the progress Deep Yellow has been making across its major projects.

The miner reported that, as at 31 March, detailed engineering had progressed to 68% completion, with 91% of the bulk earthworks finished at its Tumas Project, located in Namibia.

Commenting on the results, Deep Yellow CEO Greg Field said:

Deep Yellow entered the March 2026 quarter with clear momentum across the business, underpinned by continued advancement of our flagship Tumas development project and a disciplined focus on creating long-term shareholder value.

As for what's next for the strengthening uranium price that's helped boost Deep Yellow shares, the company noted:

Positive market forces including persistent increases in anticipated new builds of both large reactors (1,000 MWe and larger) as well as Small Modular Reactor (SMR) technology, coupled with rising awareness of increasingly probable future uranium supply shortages, have served to underpin the longer-term uranium market.

Looking forward, increasing commitments for future uranium deliveries are expected to accelerate as utilities enter the long-term market to satisfy substantial uncovered uranium requirements.

The post Up 55% in a year, why Deep Yellow shares still 'appear cheap' appeared first on The Motley Fool Australia.

The US and Iran fired on each other, and Iranian drones hit vessels from South Korea and the United Arab Emirates (UAE).

Iran also hit an oil port in the UAE, causing a large fire.

The four-week-old ceasefire is now in jeopardy as the US tries to restart shipping via US Navy escort under 'Project Freedom'.

ASX 200 energy shares are leading the market today, up 1%, with technology not too far behind, up 0.8%.

Meanwhile, three experts give us their views on three ASX stocks.

Let's check them out.

ASX 200 shares attracting buy ratings this week

Deep Yellow Ltd (ASX: DYL)

The Deep Yellow share price is $1.81, down 1.6% today and down 7.4% in the year to date (YTD).

On the The Bull this week, Michael Gable of Fairmont Securities explained his buy rating on this ASX 200 uranium share.

Gable said:

The uranium sector remains promising because demand should continue to outpace supply for the next few years.

Although the uranium price has edged higher in the past several months, I'm expecting a much bigger move to occur soon when utilities return to contract for future supplies.

This uranium developer, based in Namibia, appears cheap at these levels and it's highly leveraged to any increase in the underlying uranium price.

Liontown Ltd (ASX: LTR)

The Liontown share price is $2.39, down 1.2% today and up 47% YTD.

Bell Potter has reiterated its buy rating on this ASX 200 lithium share and lifted its 12-month target from $2.42 to $2.65.

Liontown released its 3Q FY26 report last week.

After reviewing the report, the broker said:

LTR is now in a net cash position. Over FY26-27, LTR will continue to ramp up and de-risk Kathleen Valley.

With current lithium price strength, LTR can rapidly generate cash to support incremental production expansions and shareholder returns.

Kathleen Valley is highly strategic in terms of scale, long project life and location in a tier-one mining jurisdiction.

LTR has offtake contracts with top-tier EV and battery OEMs.

Alkane Resources Ltd (ASX: ALK)

The Alkane Resources share price is $1.45, down 1.9% today and up 46% over six months.

Bell Potter has renewed its buy rating on this ASX 200 gold share and lifted its target from $1.95 to $2.10.

In a new note, the broker said:

ALK offers multimine gold and antimony exposure across three attractive jurisdictions, a strong balance sheet and an operating platform focused on organic and inorganic growth options.

Valuation metrics are undemanding and we retain our Buy recommendation.

The post 3 ASX 200 shares to buy this week: Experts appeared first on The Motley Fool Australia.

Here's what they are recommending this week:

Deep Yellow Ltd (ASX: DYL)

The team at Fairmont Equities thinks investors should be buying this uranium producer's shares.

It is expecting uranium prices to move meaningfully higher, which could underpin a re-rating for Deep Yellow shares, especially given how Fairmont thinks they look cheap at current levels. It said:

The uranium sector remains promising because demand should continue to outpace supply for the next few years. Although the uranium price has edged higher in the past several months, I'm expecting a much bigger move to occur soon when utilities return to contract for future supplies. This uranium developer, based in Namibia, appears cheap at these levels and it's highly leveraged to any increase in the underlying uranium price.

IGO Ltd (ASX: IGO)

Alto Capital has named this lithium producer's shares as a sell this week.

Although the investment firm concedes that IGO is a high-quality company, it thinks its shares are overvalued, especially given uncertainty in near term commodity prices. It explains:

IGO is a diversified battery metals company with exposure to lithium, nickel and copper, including a strategic interest in the Greenbushes lithium operation. The company has benefited from strong investor interest in the energy transition theme, supported by long term demand expectations for battery materials.

While IGO remains a high quality operator, the share price appears to reflect a recovery in underlying commodity prices. In our view, uncertainty in near term commodity prices amid earnings volatility are likely to persist. The risk-reward balance supports taking profits.

Viva Energy Group Ltd (ASX: VEA)

The team at Baker Young has named this fuel retailer and refiner's shares as a hold.

While there are things to like about Viva Energy, there is not quite enough to warrant a buy rating right now. Baker Young commented:

Energy market dislocation highlights the strategic importance of Viva Energy's refining operations, particularly in light of the recently enhanced Federal Government subsidy framework. While the recent fire at the Geelong facility is a setback, the financial impact appears manageable and unlikely to offset the benefit of elevated refining margins.

Higher fuel prices may weigh on convenience retail performance, which had shown signs of a recovery. Over time, refining margins are expected to normalise, but the stock appears well supported in the near term.

The post Buy, hold, sell: Deep Yellow, IGO, and Viva Energy shares appeared first on The Motley Fool Australia.