Meanwhile, two experts give us their views on three ASX 200 shares.

Let's take a look.

SGH Ltd (ASX: SGH)

The SGH share price is $43.42, down 1.2% today and down 16% over 12 months.

Toby Grimm from Baker Young has a buy call on this diversified industrials and investment company.

On The Bull, Grimm said: 

This diversified company has businesses across industrial services, energy and media.

Continuing demand for mining and infrastructure construction underpin a positive outlook for the WesTrac, Coates Hire and Boral businesses. SGH also has a 30 per cent interest in Beach Energy.

In our view, SGH is a high quality, long term cyclical stock supported by structural themes.

Potential exists for capital returns, either via a dividend or buy-back, when it reports full year results in August.

SGH will report its full-year FY26 results on 11 August.

Genesis Minerals Ltd (ASX: GMD)

The Genesis Minerals share price is $6.01, down 2.4% today and up 56% over 12 months.

Michael Gable from Fairmont Equities has a hold rating on this ASX 200 gold mining share.

Gable said: 

Genesis is a gold miner focusing on the Lenora and Laverton districts of Western Australia.

The gold price overshot earlier this year and has undergone a consolidation. This has also led to a pullback in the share price. Gold prices appear to be stabilising and central bank buying of gold is starting to resume.

I see substantial upside from GMD's merge with Vault Minerals, which is in close proximity, as the deal offers unique operational synergies and potential share price upside. The transaction is targeted to be implemented in November.

In CY25, the gold price surged 65%, following a 24% increase in CY24.

The gold price reached a record $US5,608 per ounce in January before a sharp three-day commodities rout at the end of the month.

Genesis Minerals announced its merger with Vault Minerals on 14 July.

Vault Minerals shareholders will receive 0.7629 Genesis Minerals shares and 47.5 cents in cash for every Vault share they hold.

Reece Ltd (ASX: REH)

The Reece share price is $16.21, up 0.4% today and up 19% over 12 months.

Grimm has a sell rating on this ASX 200 industrials share. 

He explained:

This plumbing supplies company operates in Australia, New Zealand and the United States. The stock has rallied from its lows in 2025 amid hopes of improved US trading and what was a strong Australian housing market.

But the Australian market is now experiencing subdued housing conditions following proposed changes to capital gains tax and negative gearing announced in the Federal Budget.

In our view, elevated interest rates in the US is a headwind to construction and renovation market demand.

The stock was recently trading on a lofty price/earnings ratio of about 35 times and well above our valuation.

The post Buy, hold, sell: SGH, Reece, Genesis Minerals shares appeared first on The Motley Fool Australia.

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

ASX 200 to fall

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

Buy EOS shares

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

Oil prices sink

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

Gold price rises

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

Buy Santana Minerals shares

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

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

I've selected three recent reports from the broker looking at companies they believe could deliver solid returns over the next year.

Let's see who they like.

Newmont Corporation (ASX: NEM)

Newmont last week released its second-quarter production results, reporting 1.3 million ounces of gold produced along with seven million ounces of silver and 17 thousand tonnes of copper.

The company said it remained on track to hit its 2026 guidance of 5.3 million ounces of gold.

For the first half, the cost of production was US$1621 per ounce, with year-to-date costs running below guidance levels, the company said.

First-half adjusted EBITDA was US$3.8 billion, and the company returned US$1.9 billion to shareholders through dividends and share buybacks over the half.

UBS said Newmont's second-quarter results were mixed but slightly ahead of consensus, with gold production a small beat.

They added:

The numbers and outlook are encouraging in our view and NEM is well on track to deliver FY26 production and cost guidance with a more balanced first half/second half weighting. Although the rate of cash returns slows from 1Q26 record levels, NEM is returning more cash than any other miner; if gold holds at about $4,000/ oz, this is likely to continue.

UBS has a price target of $180 on Newmont shares compared to $134.76 currently.

Genesis Minerals Ltd (ASX: GMD)

Genesis is in the process of merging with fellow gold producer Vault Minerals Ltd (ASX: VAU) in a deal that values Vault at $5.6 billion and will create a merged company worth $12.6 billion.

The company said in previous ASX announcements that the merger is expected to generate synergies of about $2 billion, which are only available due to the proximity of the companies' respective operations.

The merged company will have an annual production of 600,000 to 700,000 ounces of gold post-merger.

UBS said they could see production growing to more than 800,000 ounces per year by FY31, and they believe there is potential for a step-up in shareholder returns.

UBS has a price target on Genesis of $9.50 compared to $5.87 currently.

Regis Resources Ltd (ASX: RRL)

UBS said Regis' June quarter results were strong, with the company hitting the upper end of its annual guidance, delivering 379,000 ounces against guidance of 350,000 to 380,000.

The broker said they expected the company's FY27 production to come in at the higher end of guidance of 360,000 to 400,000 ounces.

They are also expecting the company to pay a dividend yield of about 5%.

UBS has a price target on Regis of $7.55 compared to $5.97 currently.  

The post 3 ASX gold companies UBS says will return between 25% and 60% appeared first on The Motley Fool Australia.

This excitable Wednesday on the ASX comes after an even more upbeat night over on the American markets.

The Dow Jones Industrial Average Index (DJX: .DJI) was in a great mood, rising 0.74%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) was even more jubilant, gaining 1.29%.

But get back to the local markets now and dive a little deeper into what the different ASX sectors were doing this hump day.

Winners and losers

Despite the broader market's gains, there were a few sectors that were left out in the cold.

First amongst those were again healthcare shares. The S&P/ASX 200 Healthcare Index (ASX: XHJ) tanked 1.93% today.

Real estate investment trusts (REITs) were also shunned, with the S&P/ASX 200 A-REIT Index (ASX: XPJ) diving 1.44%.

Consumer discretionary stocks matched that loss. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) also tumbled 1.44%.

Tech shares were on the nose too, illustrated by the S&P/ASX 200 Information Technology Index (ASX: XIJ)'s 1.07% slump.

Communications stocks weren't much better. The S&P/ASX 200 Communication Services Index (ASX: XTJ) dipped 0.93% this session.

Utilities shares came next, with the S&P/ASX 200 Utilities Index (ASX: XUJ) shedding 0.75% of its value.

Industrial stocks fared better, though. The S&P/ASX 200 Industrials Index (ASX: XNJ) saw its value decline 0.08% this Wednesday.

Our final losers were consumer staples shares, as you can see by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.02% slip.

Turning to the winners now, it was gold stocks that came out on top. The All Ordinaries Gold Index (ASX: XGD) enjoyed a 3.98% surge today.

Broader mining stocks also ran hot, with the S&P/ASX 200 Materials Index (ASX: XMJ) roaring 2.3% higher.

Energy shares didn't miss out either. The S&P/ASX 200 Energy Index (ASX: XEJ) jumped 0.67% this session.

Last and least, financial stocks joined the party, evidenced by the S&P/ASX 200 Financials Index (ASX: XFJ)'s 0.19% increase.

Top 10 ASX 200 shares countdown

Titanium stock IperionX Ltd (ASX: IPX) was our index winner this Wednesday. IperionX shares rocketed 8.67% higher today to close at $3.51 each. Although there was no news out from the company, most mining shares had a stunner today.

Here's how the other chart-toppers pulled up at the kerb: 

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.

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

ASX 200 to tumble

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

Navigator Global shares given buy rating

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

Oil prices rise again

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

Gold price eases

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

Buy Regis Resources shares

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

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

What did Genesis Minerals report?

• Genesis and Vault to merge via a scheme of arrangement, forming one of Australia's top three gold miners
• Pro-forma market capitalisation of around $12.6 billion, with $611 million net cash
• Combined Ore Reserves of 9.4 million ounces and Mineral Resources of 33.6 million ounces
• Expected annual gold production of 600–700 thousand ounces, all in Western Australia
• Vault shareholders to receive 0.7629 Genesis shares and $0.475 cash for every Vault share

What else do investors need to know?

The merged group will consolidate a range of complementary assets, giving it dominant scale in the Leonora-Laverton gold district. Both Genesis and Vault boards fully back the proposal, which offers Vault shareholders an immediate premium and access to the larger group's growth pipeline.

Operationally, the merger aims to unlock around $2.0 billion in post-tax cost synergies and capital savings over 10 years. These savings are mainly driven by optimising milling, mining, and processing facilities between the two companies' regional assets.

The deal is expected to reach implementation by November 2026, pending customary court, regulatory, and shareholder approvals.

What did Genesis Minerals management say?

We're bringing together two high quality gold businesses, delivering strong shareholder alignment, operational flexibility and the scale required to compete globally.

What's next for Genesis Minerals?

After the merger, Genesis and Vault will operate as a single entity led by an experienced team, with Genesis shareholders holding about 60% ownership and Vault shareholders about 40%. The group plans to focus on production growth, exploration, and accelerating the development of high-potential assets in its expanded portfolio.

A key priority will be completing the integration and pursuing identified cost synergies, especially in the Leonora-Laverton region. Management also expects to provide a group-wide updated production and growth outlook in the second half of 2027.

Genesis Minerals share price snapshot

Over the past 12 months, Genesis Minerals shares have risen 43%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Genesis Minerals and Vault to merge, forming new Australian gold major appeared first on The Motley Fool Australia.

However, the ASX 200 staged a late comeback and only just managed to finish in the green, gaining 0.028% for the day and finishing at 8,808.5 points.

This shaky start to the trading week for the Australian markets came after a happy finish to the American trading week on Friday night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) fared decently, rising 0.29%.

In a rare event, the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) also gained 0.29%.

But let's return to this week and the local markets to see how the various ASX sectors performed this session.

Winners and losers

At the front of today's red sectors were tech stocks. The S&P/ASX 200 Information Technology Index (ASX: XIJ) was hit hard, plunging 2.48%.

Gold stocks were also hit hard, with the All Ordinaries Gold Index (ASX: XGD) cratering 1.89%.

Utilities shares were unpopular, too. The S&P/ASX 200 Utilities Index (ASX: XUJ) saw its value tank 1.63% today.

Consumer staples stocks were no safe haven either, as you can see by the S&P/ASX 200 Consumer Staples Index (ASX: XSJ)'s 0.91% slump.

Mining shares didn't hold water. The S&P/ASX 200 Materials Index (ASX: XMJ) sank 0.65% this Monday.

Nor did healthcare stocks, with the S&P/ASX 200 Healthcare Index (ASX: XHJ) dropping 0.61%.

Industrial stocks were our final losers today. The S&P/ASX 200 Industrials Index (ASX: XNJ) slid 0.17% down.

Let's turn to the winners now. Leading the push higher were communications stocks, evidenced by the S&P/ASX 200 Communication Services Index (ASX: XTJ)'s 0.89% surge.

Consumer discretionary shares proved popular as well. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) jumped 0.86% today.

We could say something similar for financial stocks, with the S&P/ASX 200 Financials Index (ASX: XFJ) advancing 0.67%.

Energy shares also ran relatively hot. The S&P/ASX 200 Energy Index (ASX: XEJ) put on an additional 0.66% this Monday.

Finally, real estate investment trusts (REITs) only just got over the line, illustrated by the S&P/ASX 200 A-REIT Index (ASX: XPJ)'s 0.04% inch higher.

Top 10 ASX 200 shares countdown

Biotech company Mesoblast Ltd (ASX: MSB) was the best share on the index. Mesoblast stock leapt 4.91% higher this Monday to close at $2.35. This was potentially a reaction to a bullish broker note, which we covered this morning.

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 Regis Resources report?

• Regis will not submit a counteroffer to Genesis Minerals' proposal for Vault Minerals.
• Regis expects to receive a break fee of about A$50.7 million from Vault.
• The company holds a debt-free balance sheet with $1.2 billion in cash and bullion.
• Strong free cash flow generation continues across its gold operating portfolio.
• Recently reinstated Ore Reserves at McPhillamys gold project following a completed Pre-Feasibility Study.

What else do investors need to know?

Regis Resources emphasised that its disciplined approach to acquisitions remains unchanged. The board determined that the terms needed to match Genesis' offer for Vault Minerals did not meet its value and return thresholds.

By not raising its bid, Regis remains well-funded, allowing the company to focus on its current portfolio and organic growth pipeline. The recently reinstated Ore Reserves at McPhillamys mark a significant milestone for one of its development projects.

What's next for Regis Resources?

Looking ahead, Regis is committed to developing its established portfolio of gold operations. The company continues to advance the McPhillamys gold project, as recently outlined in its Pre-Feasibility Study.

Management reaffirmed their strategy to prioritise disciplined growth and maintain a robust balance sheet, positioning Regis for future opportunities in the gold sector while focusing on delivering value to shareholders.

Regis Resources share price snapshot

Over the past 12 months, Regis Resources shares have risen 44%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Regis Resources steps back from Vault Minerals bid, secures break fee appeared first on The Motley Fool Australia.

Well, listed below are seven ASX 200 shares that brokers currently rate as buys.

Life360 Inc (ASX: 360)

Citi remains positive on Life360 and has retained its buy rating on the location-sharing technology company.

The broker has also lifted its price target to $31.95 from $28.25, which compares with the latest share price of $27.01.

Citi expects growth to accelerate as the year progresses, suggesting there could be more upside if Life360 continues converting its large user base into stronger revenue and earnings.

The broker's price target implies potential upside of around 18%.

Domino's Pizza Enterprises Ltd (ASX: DMP)

Ord Minnett has retained its buy rating on Domino's Pizza Enterprises, although it has trimmed its price target to $21.00 from $22.00.

Even after the reduction, the broker still sees potential upside of approximately 29%. This suggests Ord Minnett believes the market may be too negative on the pizza chain's recovery prospects.

Flight Centre Travel Group Ltd (ASX: FLT)

UBS remains positive on Flight Centre Travel Group.

The broker has retained its buy rating and $14.70 price target on the travel company's shares, which are currently trading at $12.60.

That suggests potential upside of around 17%.

UBS is also forecasting a dividend of 43 cents per share in FY 2027, which represents a dividend yield of 3.4%.

Genesis Minerals Ltd (ASX: GMD)

Bell Potter has retained its buy rating on Genesis Minerals shares following the announcement of plans to merge with fellow gold miner Vault Minerals Ltd (ASX: VAU).

The broker has trimmed its price target slightly to $9.75 from $9.90.

That still sits well above the latest Genesis share price of $5.78, implying potential upside of close to 70%.

Goodman Group (ASX: GMG)

Citi continues to back Goodman Group.

The broker has retained its buy rating and $40.00 price target on the industrial property giant's shares.

With Goodman shares trading at $30.68, that points to potential upside of around 30%.

Citi expects the company to upgrade its earnings per share growth guidance ahead of its results in August.

Lynas Rare Earths Ltd (ASX: LYC)

Macquarie has retained its outperform rating and $22.00 price target on Lynas Rare Earths.

This follows the rare earths company's announcement of a long-term partnership with JS Link to develop a 3ktpa NdFeB permanent magnet facility in Malaysia.

Based on the latest share price of $16.91, Macquarie's price target implies potential upside of around 30%.

REA Group Ltd (ASX: REA)

Finally, Morgans remains positive on REA Group and has retained its buy rating on the property listings company.

And while it has reduced its price target to $199 from $219, this still implies potential upside of approximately 35% from where its shares currently trade..

Morgans believes management has levers it can pull to help offset softer listing volumes.

The post 7 ASX 200 shares given buy ratings this week appeared first on The Motley Fool Australia.

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

Genesis Minerals Ltd (ASX: GMD)

According to a note out of Bell Potter, its analysts have retained their buy rating on this gold miner's shares with a trimmed price target of $9.75. This follows news that Genesis Minerals has delivered a definitive proposal to merge with Vault Minerals Ltd (ASX: VAU). Bell Potter points out that if implemented, the enlarged company will have pro-forma production of 600,000 to 700,000 ounces per annum. The broker is positive on this, noting that acquiring Vault Minerals delivers a materially better capital allocation outcome than the company's current five-year plan assumes. In light of this, the broker thinks investors should be snapping up shares at current levels. The Genesis Minerals share price is currently trading at $6.03.

Life360 Inc. (ASX: 360)

A note out of Citi reveals that its analysts have retained their buy rating on this location technology company's shares with an improved price target of $31.95. The broker has upgraded its user growth estimates for FY 2026 on the belief that its growth will trough in the second quarter. Citi expects this to be underpinned by new feature launches and integrations with Uber and Apple Watch, which could support engagement and expand its addressable market. The Life360 share price last fetched $27.79.

REA Group Ltd (ASX: REA)

Analysts at Morgans have retained their buy rating on this property listings company's shares with a reduced price target of $199.00. According to the note, the broker continues to believe that REA Group is one of the highest quality stocks in the classifieds industry. And while there are concerns that trading conditions could be tough due to Federal Budget changes and higher interest rates, Morgans points out that REA Group has levers to pull to offset this weakness. As a result, the broker feels that recent share price weakness is a buying opportunity for investors. The REA Group share price last traded at $143.67.

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

The merger would create a dominant gold producer valued at $12.6 billion.

What is the proposal?

Genesis has made a binding proposal to acquire all Vault shares via a scheme of arrangement.

The offer includes 0.7629 new Genesis shares plus A$0.475 in cash per Vault share, implying total consideration of A$5.274 per Vault share.

Vault shareholders would own 40.2% of the enlarged Genesis Group; Genesis shareholders would own 59.8%.

Estimated post-tax synergies of approximately A$2.0 billion, with A$1.5 billion unique to this transaction over 10 years.

The combined group would have 33.6 million ounces in mineral resources and 9.4 million ounces in ore reserves.

The proposed deal values Vault at A$5.6 billion and would create an Australian gold major with pro-forma annual production of 600–700,000 ounces and a market capitalisation of A$12.6 billion.

It is important to note the deal is not yet confirmed. Ramelius Resources Ltd (ASX: RMS) has matching rights that could affect whether the deal proceeds.

Bell Potter weighs in on ASX gold stock's future

Following the proposal, the team at Bell Potter provided updated guidance on this ASX gold stock. 

It appears the broker sees the deal as a positive. 

The biggest benefit according to the broker is that Genesis could avoid spending about A$715 million building a new processing plant at Tower Hill. 

Instead, it could process Tower Hill ore at Vault's existing King of the Hills mill.

Bell Potter believes this is a much smarter use of capital because Genesis' main limitation is processing capacity, not finding more gold.

Buy recommendation intact 

Bell Potter has retained its buy recommendation on this ASX gold stock. 

It slightly lowered its price target to $9.75 (previously $9.90). 

From yesterday's closing price of $6.03, Bell Potter's updated price target indicates 61% upside from current levels.

The price target was reduced only because of Genesis' recent Magnetic Resources acquisition, not because Bell Potter is less positive on the merger.

In short, Bell Potter sees the merger as a major positive because it would create a larger, cash-rich gold producer while saving roughly A$715 million by using existing infrastructure instead of building a new mill.

The Proposed Scheme is not subject to due diligence or financing conditions and offers a materially better strategic and financial outcome than the status quo, in our view.

The post This ASX gold stock could soar 60% thanks to a big announcement appeared first on The Motley Fool Australia.

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

ASX 200 to edge lower

The Australian share market looks set for a subdued session on Tuesday despite a positive start to the week on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 8 points or 0.1% lower. In the United States, the Dow Jones rose 0.3%, the S&P 500 climbed 0.75%, and the Nasdaq stormed 1.1% higher.

Buy Genesis Minerals shares

Genesis Minerals Ltd (ASX: GMD) shares are good value according to Bell Potter. This morning, in response to a binding merger proposal with Vault Minerals Ltd (ASX: VAU), the broker has retained its buy rating on the gold miner's shares with a trimmed price target of $9.75. It said: "The Proposed Scheme is not subject to due diligence or financing conditions and offers a materially better strategic and financial outcome than the status quo, in our view. We retain our Buy rating and lower our price target to A$9.75, on account of the recent Magnetic Resources Limited transaction completion (A$639m). The Proposed Scheme has not been incorporated pending resolution of the RRL matching right."

Oil prices edge higher

ASX 200 energy shares including Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a positive session after oil prices pushed higher overnight. According to Bloomberg, the WTI crude oil price is up 0.05% to US$68.73 a barrel and the Brent crude oil price is up 0.05% to US$72.15 a barrel. This is despite OPEC announcing plans to boost its output.

Gold price charges higher

It could be a good session for ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) after the gold price charged higher overnight. According to CNBC, the gold futures price is up 1.2% to US$4,175.7 an ounce. Easing interest rate hike expectations boosted the precious metal.

Qantas shares on watch

Qantas Airways Ltd (ASX: QAN) shares will be worth watching on Tuesday after UK airline easyJet received a US$7.3 billion takeover offer from U.S. private equity manager Castlelake. This represents a forward multiple of approximately 16.5x estimated 2027 earnings. Qantas shares are currently trading at a deep discount of around 10x estimated FY 2027 earnings.

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

At the time of writing, the Regis share price is up 3.62% to $6.87. 

That continues a decent recent run for the ASX gold stock. Regis shares are now up around 15% over the past month and 54% since this time last year. 

Here's what investors are looking at today. 

Gold production hits the top end

According to the release, Regis produced 101,500 ounces of gold in the June quarter, up 12% on the previous quarter.

This took group gold production for FY26 to 379,000 ounces, which was at the top end of the company's 350,000 to 380,000 ounce guidance range. 

Duketon produced 236,000 ounces for the year, landing within its 220,000 to 240,000 ounce guidance range. Tropicana produced 143,100 ounces, beating its 130,000 to 140,000 ounce guidance range. 

The company also said it generated $284 million of underlying cash and bullion during the quarter before a $114 million dividend payment, $64 million in tax payments, and a $25 million diesel fuel duty bill. 

By 30 June, Regis had $1.21 billion of cash and bullion on hand, up $692 million across the financial year.

While that's a solid result, investors will still be closely watching costs in the full June quarter report.

Regis said all material guidance items, including all-in sustaining costs (AISC), would be within its previously guided ranges. 

But AISC is expected to come in towards the top end of guidance.

The full result, including more detail on costs and margins, is due sometime later this month.

Takeover battle takes another turn

The second update today was about Vault Minerals Ltd (ASX: VAU).

Regis said it is considering its position and rights after Vault received a rival proposal from Genesis Minerals Ltd (ASX: GMD).

Regis had already agreed to acquire Vault through a scheme of arrangement. However, Vault has now received an unsolicited offer from Genesis, which the Vault board has determined is a superior proposal. 

Under the Genesis offer, Vault shareholders would receive 0.7629 new Genesis shares plus 47.5 cents cash for every Vault share.

Vault said the offer valued the company at around $5.5 billion.

Regis now has matching rights under its existing agreement with Vault. That gives the company until the end of 10 July to match or beat the Genesis proposal. 

Can the rally continue?

The production update was a good one, and the increase in cash and bullion was hard to fault.

However, the Vault situation has now become the biggest talking point. 

If Regis walks away, some investors may see that as a sensible move. If it lifts its offer, the market will need to decide whether the extra price is worth paying. 

Either way, the next few days could be very busy for Regis shareholders. 

The post Gold, cash, and a takeover twist: Why this ASX 200 gold stock is climbing today appeared first on The Motley Fool Australia.

Vault Minerals shares closed on Friday trading for $4.56. In early morning trade on Monday, shares are changing hands for $5.05 apiece, up 10.8%.

For some context, the ASX 200 is down 0.2% at this same time, while Genesis Minerals shares are down 6.7% on the news, trading for $5.87 each.

Here's what's happening.

Vault Minerals shares leap on superior $5.6 billion takeover offer

As you may recall, it was only back on 5 May that Vault Minerals announced its intentions to merge with Regis Resources Ltd (ASX: RRL).

(If you're wondering, Regis Resources shares are up 0.5% today, trading for $6.66 each.)

Under what was labelled a "merger-of-equals", Regis was planning to acquire 100% of Vault Minerals shares. Vault stockholders would then receive 0.6947 new Regis Resources shares in exchange for their Vault shares.

Commenting on the proposed Regis Resources merger on the day, Vault Minerals CEO Luke Tonkin said:

Vault's portfolio, anchored by the King of the Hills operation currently undergoing a significant mill expansion, brings long-life, high-quality assets and a strong financial position to the merger.

By combining these strengths with Regis' proven operational and exploration capability, the merged company is better positioned to deliver sustained production, enhanced reserve replacement and long-term value creation across gold price cycles.

But Genesis Minerals may have thrown a spanner into those plans with a superior takeover offer that was announced this morning.

Under the proposed scheme of arrangement, Vault Minerals shareholders will receive 0.7629 new ordinary shares in Genesis plus 47.5 cents in cash for every Vault share they hold.

The improved takeover offer values Vault at $5.274 per share, or $5.6 billion, based on the Genesis share price at market close on Friday.

That's 15.7% above Friday's closing price for Vault Minerals shares. And it represents a 14.5% improvement on the implied offer price from Regis Resources' takeover offer.

Commenting on the improved takeover offer, the Vault board noted:

In accordance with the Regis SID, Vault has notified Regis that it considers the Genesis Proposal to be a Vault Superior Proposal for the purposes of the Regis SID and that the five business day matching right period has commenced.

During this matching right period, Regis has the right (but not the obligation) to announce or provide a matching or superior proposal to the Genesis Proposal.

Stay tuned!

The post Move over Regis Resources! Vault Minerals shares leaping 11% as Genesis Minerals' lobs $5.6 billion takeover bid appeared first on The Motley Fool Australia.

What did Genesis Minerals report?

• Genesis has made a binding proposal to acquire all Vault shares via a scheme of arrangement.
• The offer includes 0.7629 new Genesis shares plus A$0.475 in cash per Vault share, implying total consideration of A$5.274 per Vault share.
• Vault shareholders would own 40.2% of the enlarged Genesis Group; Genesis shareholders would own 59.8%.
• Estimated post-tax synergies of approximately A$2.0 billion, with A$1.5 billion unique to this transaction over 10 years.
• The combined group would have 33.6 million ounces in mineral resources and 9.4 million ounces in ore reserves.
• The pro-forma balance sheet shows A$611 million net cash and liquidity of A$1.3 billion.

What else do investors need to know?

Genesis' proposal comes after Vault's board unanimously deemed it a "Vault Superior Proposal" under its current scheme implementation deed with Regis Resources. However, Regis' five-day right to match is in effect, limiting Vault's ability to sign a binding agreement with Genesis until this period ends on 10 July 2026. The offer is not subject to due diligence or financing conditions. Genesis has secured revolving credit facilities to fund the A$500 million cash component, ensuring the enlarged group maintains a strong balance sheet post-merger. Board and management changes are planned if the scheme goes ahead, with representation from both companies and key executive roles remaining with Genesis' current team, led by Managing Director Raleigh Finlayson.

What's next for Genesis Minerals?

If Regis chooses not to match the proposal, Vault can move ahead to formalise the agreement with Genesis. The enlarged Genesis Group plans to consolidate operations in Western Australia's Leonora-Laverton gold district, aiming for sector-leading scale, liquidity, and growth potential. Further value could be realised through operational synergies, optimising processing facilities, and enhanced supply chain efficiency. Investors should follow the outcome of Regis' matching period and future updates as the proposed merger progresses.

Genesis Minerals share price snapshot

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

View Original Announcement

The post Genesis Minerals proposes Vault merger to create gold powerhouse appeared first on The Motley Fool Australia.

What did Vault Minerals report?

• Received an unsolicited binding merger proposal from Genesis Minerals 
• Proposed consideration: 0.7629 Genesis shares plus $0.475 in cash for every Vault share
• Total implied Vault equity value: $5.6 billion, or $5.274 per share
• The offer represents a 15.7% premium to Vault's last closing price
• Mix and match facility available for shareholders to elect cash or scrip, within set limits

What else do investors need to know?

The Vault board has unanimously determined that the Genesis proposal is a "Vault Superior Proposal" under its existing agreement with Regis Resources. As a result, Vault has notified Regis and triggered a five business day matching right period, expiring at 11:59pm (AWST) on 10 July 2026. During this time, Regis may choose to make a matching or superior proposal to Genesis's offer.

The Genesis offer is not subject to finance or due diligence and is otherwise on similar terms to the proposed Regis merger, including conditions precedent and break fees. Vault shareholders are advised that no action is required from them at this stage while the matching right period is ongoing.

What's next for Vault Minerals?

Vault will await any response from Regis Resources within the five business day period before making further announcements. The outcome of this process will determine whether Vault proceeds with the Genesis proposal or the existing Regis scheme.

The company has reiterated that until the matching right period concludes, it is unable to comment further on the Genesis proposal. Shareholders are encouraged to stay informed as updates become available.

Vault Minerals share price snapshot

Over the past 12 months, Vault Minerals shares have risen 82%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

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

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

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

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

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

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

Here's what's been catching ASX investor interest this week. 

Genesis Minerals Ltd (ASX: GMD)

Genesis Minerals shares closed last Friday trading for $5.39. At the time of writing, shares are swapping hands for $6.18 apiece. That sees this ASX 200 stock up 14.7% for the week.

Most of those gains are being delivered today after the Aussie gold miner released a business update.

Investors reacted positively to the miner reporting that its FY 2026 gold production hit 285,400 ounces. That's towards the higher end of Genesis Minerals' full-year guidance of 260,000 ounces to 290,000 ounces.

On the cost front, the gold mine also reported its full-year all-in sustaining cost (AISC) came within its FY 2026 guidance range of $2,500 to $2,700 per ounce.

And the balance sheet is growing, with Genesis Minerals reporting underlying cash and equivalents of $258 million, up from $253 million in March. 

Perpetual Ltd (ASX: PPT)

The second ASX 200 stock shooting the lights out this week is financial services company Perpetual.

Perpetual shares closed last Friday at $15.19 and are currently trading at $19.12. This sees the Perpetual share price up 25.9% over the week.

Perpetual shares leapt 16.8% on Wednesday after the company announced that it had received, and rejected, an unsolicited, non-binding takeover proposal from Windflower. According to the release, Windflower is indirectly controlled by EQT AB. 

Under the terms of the indicative proposal, Perpetual shareholders would have received $21.64 per share in cash, or almost 40% above Tuesday's closing price.

In explaining its rejection, the Perpetual board noted:

The indicative proposal was highly conditional and did not adequately represent fair value for Perpetual shareholders in the context of a change of control transaction and the board determined that it was not in the best interests of Perpetual shareholders.

Which brings us to…

Neuren Pharmaceuticals Ltd (ASX: NEU)

The top-performing ASX 200 stock on my list today is Neuren Pharmaceuticals.

Shares in the biopharmaceutical company closed last Friday trading for $12.20. At the time of writing, shares are changing hands for $16.71 each. This sees the Neuren share price up 37% for the week.

Neuren shares closed up a whopping 36.1% on Monday after announcing a crucial regulatory win in the European Union (EU) for its lead drug, DAYBUE.  

DAYBUE is intended to treat neurobehavioral symptoms of Rett syndrome.

Commenting on the positive decision from the Committee for Medicinal Products for Human Use (CHMP), Neuren CEO Jon Pilcher said, "I am so delighted for all stakeholders to see this positive outcome from the CHMP re-examination process recommending marketing authorisation for DAYBU in the EU."

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

What did Genesis Minerals report?

• FY26 gold production reached 285,400 ounces, within guidance of 260,000–290,000 ounces.
• All-in sustaining cost (AISC) fell within the FY26 guidance range of A$2,500–A$2,700 per ounce.
• Underlying cash and equivalents built to ~A$258 million this quarter (from A$253 million in March), pre-investment and acquisition outflows.
• Cash and equivalents stood at A$520 million at 30 June, after A$352 million of outflows for acquisitions, growth, exploration, and tax.
• Magnetic Resources acquisition completed at a total consideration of A$639 million.
• Leonora underground mining contract transitioned successfully to Byrnecut, meeting or exceeding guidance metrics.

What else do investors need to know?

Genesis fast-tracked the Tower Hill project, completing pit dewatering and starting open pit mining ahead of schedule. The company also placed orders for a larger mining fleet and major mill equipment, aiming to achieve higher productivity and lower unit costs. Open pit work at the Bruno Lewis prospect is set to start next quarter after a 65% uplift in reserves to 280,000 ounces. Genesis is funding increased exploration, with the FY27 budget doubling to A$80–90 million thanks to recent drilling success and the addition of the highly prospective Chatterbox Trend through the Magnetic acquisition. A fully updated long‑term plan and full quarterly report (including detailed AISC) are due in September and late July, respectively.

What did Genesis Minerals management say?

Executive Chair Raleigh Finlayson said:

Genesis' three key objectives are safety, growth and delivering on our undertakings to the market. The strong performance in the June quarter means we have met these three key goals in the past financial year, generating underlying cash of ~A$258m in the process and bringing total underlying cash build for the financial year to ~A$893m. "We have also laid the foundations for the next round of growth as part of our ASPIRE 500 strategy, with the Tower Hill development running ahead of schedule, the Magnetic acquisition completed and our exploration program delivering outstanding results across our portfolio. "Pleasingly we generated higher underlying cashflow than the previous quarter despite a lower gold price, higher diesel price, the end of third-party ore purchases, and contractor changeouts at all our underground operations. I thank the broader Genesis team, Macmahon and Byrnecut for the professional and successful transition. "We are well on track to unveil our long-term growth strategy in September, which will provide further detail on how we plan to unlock further value from our industry-leading inventory in Leonora and Laverton.

What's next for Genesis Minerals?

Genesis plans to release an updated, fully-funded long-term plan in September, which is expected to lay out future production, exploration, and growth opportunities. The company is increasing its investment in exploration, especially at newly acquired Magnetic Resources tenements, and will begin mining at its Bruno Lewis prospect in the September quarter. The company's "ASPIRE 500" goal, while aspirational and not a formal production target, is guiding management's focus on growth, efficiency, and unlocking value from its portfolio.

Genesis Minerals share price snapshot

Over the past 12 months, Genesis Minerals shares have risen 26%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Genesis Minerals: FY26 guidance met and growth projects advance appeared first on The Motley Fool Australia.

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

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

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

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

Why is the gold price in free fall?

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

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

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

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

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

Five ASX 200 gold stocks to weather the storm

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

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

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

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

According to Squire:

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

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