Gold shares have been on a multi-year tear due to a rapidly rising gold price creating exceptional earnings growth for ASX miners.

The gold price increased 65% in 2025, its greatest annual rise in more than four decades, and that came on top of a 27% gain in 2024.

The S&P/ASX All Ords Gold Index (ASX: XGD) rose 125% in 2025 and 16% in 2024, delivering investors some thrilling returns.

And then came the first real test for this magnificent period of growth.

How did 2026 begin?

The start of 2026 was amazing for ASX gold shares.

The gold price went crazy, rising 30% in less than a month on new year optimism and excitement.

The gold price soared from just over US$4,300 per ounce on 31 December to a record US$5,608 per ounce on 29 January.

ASX gold shares ascended strongly, rising 17.7% over these first few weeks of 2026.

Then came the steepest one-day fall for the gold price in more than a decade.

Gold plummeted 21% over just a few days to US$4,400 per ounce by 2 February.

The sell-off was triggered by the nomination of Kevin Warsh to be the next US Fed chair.

Warsh is known for his hawkish stance on interest rates, and investors worried he may not cut rates as fast as the market was hoping.

Higher-for-longer interest rates are a headwind for the gold price, given that gold is a non-yielding asset.

The Warsh nomination led to a fall in the gold price, followed by panic selling as investors sought to lock in their incredible gains.

ASX gold shares followed suit. The S&P/ASX All Ords Gold Index (ASX: XGD) fell 12.4% between 29 January and 2 February.

Despite the late-month sell-off, ASX gold shares managed an 11% net gain over the month of January.

ASX gold shares recover, then crash even harder

The gold price rebounded in February, rising to about US$5,300 per ounce by month's end.

ASX gold shares also rose by 4.7%.

Then came the war.

On 28 February (US time), Israel and the US attacked Iran, claiming they did so to destroy Iran's nuclear weapons capabilities.

That saw the gold price tank, and ASX gold shares went with it.

Trading Economics analysts say the gold price has experienced its worst monthly fall in March since October 2008, down about 13%.

ASX gold shares have followed the trend, diving 23.7% this month.

The analysts said:

The precious metal faced sustained pressure this month from an oil-driven inflation shock that pushed investors and policymakers toward a more hawkish stance on interest rates.

Meanwhile, Federal Reserve Chair Jerome Powell said long-term US inflation expectations appeared to remain anchored despite heightened uncertainties tied to the conflict.

He added that the central bank's policy stance is well positioned to allow officials to assess the economic impact of the Iran war.

1Q CY26 performance

The ASX All Ords Gold Index finished the first quarter down 10.1%.

Let's take a look at some specific ASX gold shares and their performance over the March quarter.

The market's largest ASX gold share, Northern Star Resources Ltd (ASX: NST) fell 16.7% over the quarter to close at $20.36 today.

The Evolution Mining Ltd (ASX: EVN) share price edged 0.5% lower over the quarter to $12.62 today.

Newmont Corporation CDI (ASX: NEM) shares managed a 0.3% gain over 1Q CY26 to $151.55 today.

The Greatland Resources Ltd (ASX: GGP) share price rose 7.4% over the quarter to $11.34 on Tuesday.

Ramelius Resources Ltd (ASX: RMS) shares declined 13.2% to close out the March quarter at $3.67.

Perseus Mining Ltd (ASX: PRU) shares weakened 8.7% over the quarter to finish at $5.15 today.

Genesis Minerals Ltd (ASX: GMD) shares decreased 19.3% over the quarter to $5.89 today.

Westgold Resources Ltd (ASX: WGX) shares fell 8.7% over the quarter to $5.89 today.

The Regis Resources Ltd (ASX: RRL) share price lost 12.8% to finish the March quarter at $6.65.

The post ASX gold shares tumble as bull run faces its first big test in 1Q CY26 appeared first on The Motley Fool Australia.

Strong public offer support

Valiant Gold raised $75 million in an oversubscribed IPO, allocating $20 million to Westgold Resources Ltd (ASX: WGX) shareholders.

Westgold itself retains a 44% equity interest in Valiant, which is subject to a two-year escrow period.

Valiant Gold was incorporated initially as a subsidiary of Westgold, for the purpose of demerging the latter company's Reedy Project and Comet Project in Western Australia.

Together, those two projects already have a mineral resource of 1.2 million ounces of gold made up of 15.6 million tonnes of ore at a grade of 2.4 grams of gold per tonne.

In the Valiant prospectus, Chair Derek La Ferla said the assets would get more attention than they would have had they stayed within Westgold.

The demerger of the Projects into Valiant presents an opportunity to bring forward value from these assets by establishing an independent team dedicated to recommencing mining, drilling and resource expansion, as well as leveraging off Westgold's nearby processing infrastructure to accelerate the restart of mining from the projects.

He said there was also the opportunity to grow the projects.

Given that the Comet and South Emu–Triton underground mines were in operation as recently as FY2023, Valiant has identified a number of opportunities to accelerate exploration works that are required to inform a potential future decision to recommence mining operations. These activities relate to the potential commencement of dewatering of the Comet mine to provide access to underground drilling positions, along with resource extension drilling from surface at South Emu-Triton. Valiant has also identified the historic Boomerang-Kurara mine as a priority for investigation of an open pit cut back opportunity given the current high gold prices.

Shares performing well

Shortly following the commencement of trade at 1pm, more than 21 million Valiant Gold shares had changed hands.

The shares hit a high of 31 cents before settling back to be 21.9% higher than the 25-cent IPO price at 30.5 cents.

Westgold shares were 2.9% lower at $5.37.

At the offer price of 25 cents, the company was expected to have a market capitalisation of $135 million.

The top 20 shareholders in Valiant accounted for 81.2% of the shares on issue, with Westgold owning 44.4%, with the remainder largely held by large broking houses, including Citicorp, HSBC, and JP Morgan.

The post The newest ASX gold company makes a strong debut on the bourse, up more than 20% appeared first on The Motley Fool Australia.

In early afternoon trade on Tuesday, the ASX 200 is up 0.4%, having given back earlier intraday gains of 1.6%.

The gold miners' strong rally is coming off the boil as well, though ASX gold shares are still outpacing the benchmark. At the time of writing, the S&P/ASX All Ordinaries Gold Index (ASX: XGD) is up 2.6% after having been up 5.3% in morning trade.

Here's how these ASX 200 gold stocks are performing at this same time:

• Northern Star shares are up 2.0% at $17.55
• Newmont Corp (ASX: NEM) shares are up 4.8% at $138.10
• Evolution Mining shares are up 3.1% at $11.86
• Ramelius Resources Ltd (ASX: RMS) shares are up 3.3% at $3.42
• Bellevue Gold Ltd (ASX: BGL) shares are up 0.4% at $1.26
• Genesis Minerals Ltd (ASX: GMD) shares are up 6.3% at $5.69
• Perseus Mining Ltd (ASX: PRU) shares are up 2.4% at $4.67
• Vault Minerals Ltd (ASX: VAU) shares are up 2.1% at $3.69
• Westgold Resources Ltd (ASX: WGX) shares are up 3.1% at $5.18
• Ora Banda Mining Ltd (ASX: OBM) shares are down 1.0% at $1.04

Boom!

With the exception of Ora Banda, here's why the Aussie gold miners are outperforming today.

ASX 200 gold stocks rally on Trump's Iran reprieve

After getting hammered throughout most of March following the outbreak of the Iran war on 28 February, ASX 200 gold stocks like Evolution Mining and Northern Star are rallying today amid hopes that the conflict could end sooner than later.

This comes after United States President Donald Trump extended his 48-hour deadline to begin bombing Iranian power plants if Iran doesn't fully reopen the Strait of Hormuz.

Trump offered a five-day reprieve, saying the US is in talks with Iran. An assertion that Iranian authorities have denied.

As you'll have noticed at the petrol station, the oil price has rocketed since the start of the war, with Iran all but closing the vital shipping route in retaliation.

Indeed, on Friday, Brent crude oil was trading north of US$112 per barrel, according to data from Bloomberg.

But the oil price plunged almost 11% overnight, briefly dipping below US$100 per barrel, and is currently trading at US$102.76 per barrel following Trump's comments.

And should the US succeed in reopening the Strait of Hormuz, which carries around 20% of the world's oil shipments, Trump predicted that the oil price would "drop like a rock".

Why is that important for ASX 200 gold stocks like Northern Star, Newmont, and Evolution Mining?

Mostly because soaring energy costs will rekindle global inflation and, in turn, lead to higher interest rates. And gold, which pays no yield itself, historically struggles in high or rising interest rate environments.

Stay tuned!

The post Why ASX 200 gold stocks like Northern Star and Evolution Mining are storming higher today appeared first on The Motley Fool Australia.

In morning trade, the ASX 200 is down 1.6%.

But the gold miners are doing it much tougher today as witnessed by the 7.1% decline in the S&P/ASX All Ordinaries Gold Index (ASX: XGD).

Here's how some of the top ASX 200 gold stock are performing at this same time:

• Northern Star shares are down 7.0% at $19.48
• Newmont shares are down 4.9% at $147.69
• Evolution Mining Ltd (ASX: EVN) shares are down 7.0% at $12.56
• Ramelius Resources Ltd(ASX: RMS) shares are down 8.7% at $3.69
• Bellevue Gold Ltd (ASX: BGL) shares are down 9.4% at $1.46
• Genesis Minerals Ltd (ASX: GMD) shares are down 9.1% at $5.61
• Perseus Mining Ltd (ASX: PRU) shares are down 6.6% at $4.84
• Vault Minerals Ltd (ASX: VAU) shares are down 8.6% at $4.23
• Westgold Resources Ltd (ASX: WGX) shares are down 7.8% at $5.69
• Ora Banda Mining Ltd (ASX: OBM) shares are down 9.4% at $1.35

Ouch!

Here's what's got investors reaching for their sell buttons.

ASX 200 gold stocks in the crosshairs

After enjoying a tremendous run through to the beginning of March this year, ASX 200 gold stocks like Northern Star and Newmont have come under selling pressure amid a sizeable retrace in the record setting gold price.

On 2 March, gold was trading for US$5,322 per ounce. Today, that same ounce is trading for US$4,834, according to data from Bloomberg. That sees the gold price down more than 9% this month.

This comes as the oil price heads the other direction. Brent crude oil is trading or US$107 per barrel today, up 38% since 2 March.

And it matters for two reasons.

First, this divergence in the two commodity prices is driving a rotation from ASX 200 gold stocks into ASX 200 energy stocks.

Woodside Energy Group Ltd (ASX: WDS) shares, for example, are up 4.5% today, while rival Santos Ltd (ASX: STO) shares are up 2.8%.

The other reason the gold price – and gold miners like Newmont, Northern Star and Evolution Mining – are taking a steep hit is that fast rising energy prices look likely to fuel inflation.

The Middle East conflict and its impact on global oil prices was cited by Fed officials yesterday when the US central bank opted to keep interest rates on hold. On Tuesday, the RBA also mentioned rising energy costs after it opted to increase interest rates in Australia.

And gold, which pays no yield itself and is priced in US dollars, tends to do better in a low or falling rate environment.

The bigger picture

Longer-term investors in most ASX 200 gold stocks should still be sitting on outsized gains.

Despite today's big retrace, the ASX All Ords Gold Index remains up 55.4% over 12 months.

The post Why are ASX 200 gold stocks like Northern Star and Newmont down so much today? appeared first on The Motley Fool Australia.

After starting strong this morning, the ASX 200 took a brief dip into negative territory in afternoon trading. But investors' feet warmed back up by the time the markets closed, with the index lifting 0.36% to 8,614.3 points.

This happier trading session came after a bullish start to the American trading week in the early hours of this morning.

The Dow Jones Industrial Average Index (DJX: .DJI) rose by an optimistic 0.83%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared even better, gaining a solid 1.22%.

But let's return to the ASX now and take stock of how the various ASX sectors enjoyed (or not) today's renewed sense of optimism.

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

The analyst team at UBS has put together a list of its top five picks in the emerging gold space, with price targets as much as 120% above current levels.

Where to for commodity prices?

Firstly, let's look at their gold price forecasts for the coming year.

UBS expects the price of gold to remain relatively steady, rising slightly from the current level of about US$5,000 to US$5,075 in FY27, before dropping back to US$4,575 in FY28.

As they said in their research note this week:

Our price forecasts align with UBS Precious Metals strategists' views, which see an average of US$5,200 for CY26 before the rally fades. We wrote recently that risks remain skewed to the upside in the face of ongoing global uncertainty, and we expect gold to continue to benefit from shifts out of US assets. Interest has heightened across institutional and retail investors and the strength of demand has (so far) more than offset any attempts to take profits. The key drivers remain uncertainty relating to the Middle East conflict and geopolitics, ongoing trade tensions and the modest outlook for global growth, de-dollarisation but also gold offering an alternative in times of currency uncertainty.

Local companies set to benefit

Looking at the Australian emerging companies, UBS said, "strong volume growth and gold prices remaining elevated provides a healthy pathway to higher earnings and cashflow''.

UBS' top pick among the emerging miners is Pantoro Gold Ltd (ASX: PNR), for which it has a $7.50 price target compared with the current share price of $3.67.

Pantoro produced 41,623 ounces of gold for the half year but is continuing to explore for gold around its Norseman operations with a view to increasing production to 200,000 ounces per year in the medium term.

UBS' second pick is Westgold Resources Ltd (ASX: WGX), for which it has a price target of $10.25 compared with the current share price of $6.06.

UBS said the company's production target of 470,000 ounces by FY28 "looks conservative'' and there were also cost efficiencies to be had.

UBS' third pick is Minerals 260 Ltd (ASX: MI6), which it has a price target of $1.20 compared with the current price of 62.5 cents.

The company recently agreed to a $220 million funding package to accelerate its Bullabulling gold project, which has a mineral resource of 4.5 million ounces of gold.

UBS' fourth pick is Catalyst Metals Ltd (ASX: CYL), for which it has a price target of $11.25 per share compared with the current price of $6.42.

The team said Catalyst was targeting low capex production growth with strong free cash flow yields.

And finally, UBS' fifth pick is Ora Banda Mining Ltd (ASX: OBM), for which it has a $1.60 price target compared with the current price of $1.40, with the company having a pathway to producing 200,000 ounces of gold per year by FY29 while maintaining strong free cash flow yields.

The post What are the 5 emerging ASX gold companies UBS has picked as winners? appeared first on The Motley Fool Australia.

At the time of writing, the Westgold share price is down 1.88% to $6.28.

Despite today's decline, Westgold shares have surged over 150% in the past year. This has been supported by rising gold prices and strong investor interest in the yellow metal.

Here's what the company revealed in today's update.

Westgold secures $600 million in new financing facilities

According to the release, Westgold has secured a new $600 million syndicated revolving credit facility. The funding comes from a group of major international and Australian lenders.

The new 5-year facility replaces the company's previous financing arrangements. It provides Westgold with access to $600 million in undrawn liquidity that can be used for general corporate purposes.

Importantly, the facility is unsecured, meaning the company has not pledged specific assets as collateral. It also carries no mandatory hedging requirements and no cash sweep obligations, giving management greater flexibility in how it manages its balance sheet.

The lending syndicate includes several major banks, such as Commonwealth Bank of Australia (ASX: CBA), Oversea Chinese Banking Corporation, RBC Capital Markets, Societe Generale, and Westpac Banking Corp (ASX: WBC).

The facility is structured across 3 separate tranches that mature in 2029, 2030, and 2031.

Interest on borrowings will be based on the BBSY benchmark plus a margin, which is typical for facilities of this type.

A stronger balance sheet and more financial flexibility

Westgold Managing Director and CEO Wayne Bramwell said the financing arrangement strengthens the company's financial position. He added that it provides additional flexibility as the business pursues growth opportunities.

Bramwell said Westgold does not require additional funding at this stage. However, securing long-dated liquidity allows the company to continue investing and expanding with confidence.

The CEO also highlighted that the company finished 2025 with more than $600 million in treasury. The new facility lifts its total available liquidity to over $1.2 billion.

Management said the additional funding capacity strengthens the balance sheet and provides greater flexibility as the company advances its 3-year strategy.

Why the share price may still be falling

While the update appears positive from a strategic perspective, the Westgold share price has slipped modestly.

Announcements like this do not always move a share price immediately, particularly when they relate to funding rather than earnings.

Resource stocks can also move with changes in the gold price, broader market conditions, or after strong rallies.

And Westgold has had a strong run recently. After such gains, it is not unusual to see some investors lock in profits.

What to watch next?

With the balance sheet now strengthened and significant liquidity available, attention now turns to production growth, cost control, and future expansion plans.

If gold prices remain elevated and Westgold continues to execute its strategy, the company could surge in the months ahead.

The post What just happened to the Westgold share price? appeared first on The Motley Fool Australia.

What did Westgold Resources report?

• Secured $600 million in new unsecured syndicated revolving credit facilities
• Facilities provided by a syndicate of five Australian and international lenders
• Three facility tranches maturing in 2029 ($300M), 2030 ($200M), and 2031 ($100M)
• No mandatory hedging, amortisation, or cash sweep requirements
• Replaces previous facilities to support general corporate purposes

What else do investors need to know?

The new facilities increase Westgold's available liquidity to over $1.2 billion, supported by an existing treasury position of $600 million as at 31 December 2025. The flexible structure of the arrangement ensures the company has ready access to funds for investment and growth, with no immediate need for additional capital.

The five-member lender syndicate includes major institutions: CBA, OCBC, RBC Capital Markets, Société Generale, and Westpac. The facility's unsecured nature, paired with no mandatory hedging or cash sweep, gives Westgold considerable operational freedom and reduces financial constraints.

What did Westgold Resources management say?

Managing Director and CEO Wayne Bramwell said:

While Westgold does not require additional funding today, securing long-dated, unsecured and cost-effective liquidity now is strategic and ensures we can continue to invest and expand our business with confidence. These new facilities are a prudent step that enhances our financial flexibility at a time when the business is in a position of real financial strength. They provide us with additional balance sheet resilience and most critically, optionality as to how we bring value forward in our 3-Year Outlook. With our treasury at over $600M at the end of 2025, these facilities will boost our available liquidity to over $1.2B. Westgold thanks CBA, OCBC, RBC, Société Generale and WBC for their support and look forward to working with this syndicate as we advance our growth strategy.

What's next for Westgold Resources?

With the new facilities in place, Westgold signals a focus on maintaining a strong balance sheet and investing in growth opportunities over the next three years. The increased liquidity provides scope for both organic growth and potential expansion initiatives, while keeping a conservative approach to financial risk.

Westgold's strategy remains centred on strengthening its operations and advancing its 3-year outlook, leveraging the flexibility this new facility provides to respond nimbly to market opportunities and challenges.

Westgold Resources share price snapshot

Over the past 12 months, Westgold resources shares have risen 161%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 11% over the same period.

View Original Announcement

The post Westgold Resources secures $600m syndicated facility in balance sheet boost appeared first on The Motley Fool Australia.

The teams at both Macquarie and Canaccord Genuity have issued research reports on the company on Wednesday, with both having a bullish price target assigned to the stock.

But firstly, let's look at what Westgold announced this week.                                                                                                           

Uplift in production

The company said in a statement to the ASX on Tuesday that it had greenlit a $145 million expansion of its Higginsville processing hub in Western Australia, which would increase gold production by about 60,000 ounces per year, and reduce processing costs by 24% to $34 per tonne of ore.

Westgold said the expansion had a pre-tax payback period of 21 months at a gold price of $4905, or just 12 months if the current spot gold price was used.

The expansion includes a new primary crusher, a new mill, a pebble crusher, and additional leaching tanks to take processing capacity to 2.6 million tonnes of ore per year, up 62.5%.

The new infrastructure would also support future expansion to 4 million tonnes of ore per year, the company said.

Westgold Managing Director Wayne Branwell said regarding the expansion.

The Higginsville Expansion Plan (HXP) is the next step to drive down unit costs and increase group free cash flow from the Southern Goldfields. By expanding the Higginsville mill capacity to a nominal 2.6Mtpa we are creating a more productive, lower-cost processing hub to match the growing outputs from our Beta Hunt mine. This will see us deliver higher group gold production at a lower cost, in line with our 3-Year Outlook.

Mr Bramwell said the definitive feasibility study showed the expansion plan was robust, but importantly, it was designed with the future in mind.

Strategically, the HXP has been designed with future growth in mind. While nameplate capacity of the enhanced flowsheet stands at 2.6Mtpa, many of the upgrades within the flowsheet such as the ore conveying systems, jaw crusher and SAG mill apron feeder are designed to support further expansion to 4Mtpa. This ensures milling capacity is not an impediment to future mine expansions at prospects such as the Fletcher and Mason Zones at Beta Hunt. With the study complete and final investment decision approved, our focus now shifts to securing long-lead items, progressing EPC tendering and maintaining operational continuity throughout the build. The timing of the HXP aligns strategically with the anticipated growth in mining rates from the Southern Goldfields, ensuring that expanded processing capacity is ready to accommodate increased ore delivery from Beta Hunt.

ASX gold stock looking cheap

The Canaccord Genuity team ran the ruler over the announcement and have upgraded their price target for Westgold shares to $8.75 from $8.50.

This compares to the current share price of $6.46.

They also noted that the figures underpinning the expansion were conservative and did not factor in potential debottlenecking or future resource growth.

The team at Macquarie actually reduced their price target on the shares by 2%, but it was still a bullish $9.50 per share.

The post How much is this ASX gold miner worth after its recent big news? appeared first on The Motley Fool Australia.

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

Life360 Inc (ASX: 360)

The Life360 share price is up 10% to $22.49. This follows a strong night of trade for the family safety technology company's NASDAQ listed shares on Wall Street on Monday. Given that its ASX listed shares sank on Monday, a big reversal was necessary today to bring them to parity. It is also worth noting that late last week Morgan Stanley put an overweight rating and $50.00 price target on Life360's shares. This is more than double its current share price.

St George Mining Ltd (ASX: SGQ)

The St George Mining share price is up 5.5% to 13.2 cents. This morning, the rare earths developer announced the appointment of Carla Grasso, a senior Brazilian resource geologist, to the role of Principal Geologist. It notes that this is a key executive appointment that underscores St George's commitment to an accelerated development of the world-class Araxa Rare Earths-Niobium Project. St George Mining's executive chair, John Prineas, said: "We are delighted to welcome Carla Grasso to our Brazilian team as we build momentum for the potential development of a mining operation at the Araxa Project."

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price is up 7.5% to $10.96. This follows the release of an update on part one of the ProstACT Global Phase 3 study. This is the safety and dosimetry lead-in for its therapeutic candidate, TLX591-Tx. Telix revealed that it achieved its primary objectives, demonstrating an acceptable safety and tolerability profile with no new safety signals observed. Telix's group chief medical officer, David N. Cade, MD, said: "Despite advances in clinical practice, men with advanced prostate cancer still need improved first and second line treatment options. These results build on prior findings and highlight the potential for TLX591-Tx in combination with contemporary standard of care, to become a new first-line option for patients facing this aggressive disease."

Westgold Resources Ltd (ASX: WGX)

The Westgold Resources share price is up 4% to $6.50. This morning, this gold miner announced board approval for a $145 million investment in the Higginsville Expansion Plan (HXP). This will lift plant capacity by 62.5% from 1.6Mtpa to 2.6Mtpa. Westgold's CEO, Wayne Bramwell, said: "The Higginsville Expansion Plan (HXP) is the next step to drive down unit costs and increase Group free cash flow from the Southern Goldfields."

The post Why Life360, St George Mining, Telix, and Westgold shares are charging higher today appeared first on The Motley Fool Australia.

The company said in a statement to the ASX that the decision followed a definitive feasibility study on the plan, and it marked a major step towards the company's strategy to enhance cash flow by increasing production and reducing operating costs.

Production up and costs down

The Higginsville expansion project will increase Westgold's Southern Goldfields gold production by about 60,000 ounces per year, and reduce processing costs by 24% to $34 per tonne of ore.

Westgold said the expansion had a pre-tax payback period of 21 months at a gold price of $4905, or just 12 months if the current spot gold price was used.

The expansion includes a new primary crusher, a new mill, a pebble crusher, and additional leaching tanks to take processing capacity to 2.6 million tonnes of ore per year, up 62.5%.

The new infrastructure would also support future expansion to 4 million tonnes of ore per year, the company said.

Westgold Managing Director Wayne Branwell said the expansion made sense.

The Higginsville Expansion Plan (HXP) is the next step to drive down unit costs and increase group free cash flow from the Southern Goldfields. By expanding the Higginsville mill capacity to a nominal 2.6Mtpa we are creating a more productive, lower-cost processing hub to match the growing outputs from our Beta Hunt mine. This will see us deliver higher group gold production at a lower cost, in line with our 3-Year Outlook.

Mr Bramwell said the definitive feasibility study showed the expansion plan was robust, but importantly, it was designed with the future in mind.

Strategically, the HXP has been designed with future growth in mind. While nameplate capacity of the enhanced flowsheet stands at 2.6Mtpa, many of the upgrades within the flowsheet such as the ore conveying systems, jaw crusher and SAG mill apron feeder are designed to support further expansion to 4Mtpa. This ensures milling capacity is not an impediment to future mine expansions at prospects such as the Fletcher and Mason Zones at Beta Hunt. With the study complete and final investment decision approved, our focus now shifts to securing long-lead items, progressing EPC tendering and maintaining operational continuity throughout the build. The timing of the HXP aligns strategically with the anticipated growth in mining rates from the Southern Goldfields, ensuring that expanded processing capacity is ready to accommodate increased ore delivery from Beta Hunt.

The current expansion plans are expected to boost production from mid-2028.

Westgold Resources shares were 4.2% higher in early trade at $6.50. The company was valued at $5.91 billion at the close of trade on Monday.   

The post This ASX gold stock is trading higher after greenlighting expansion plans appeared first on The Motley Fool Australia.

What did Westgold Resources report?

• Board approval for $145 million investment in Higginsville Expansion Plan (HXP), lifting plant capacity from 1.6Mtpa to 2.6Mtpa (up 62.5%)
• Gold production from the Southern Goldfields expected to increase by around 60,000 ounces per year to reach 160,000oz per annum
• Processing costs to fall 24% from ~$45/t to $34/t
• Pre-tax NPV of $1.4 billion at US$4,905/oz gold price, or $2.7 billion at current spot prices
• Pre-tax IRR of 43% at $4,905/oz, rising to 140% at spot
• Payback period between 12 and 21 months depending on gold price

What else do investors need to know?

The expansion follows a thorough Definitive Feasibility Study confirming both the technical and financial case for increasing Higginsville's capacity. The project's design includes new crushing, milling, and leaching infrastructure, with some equipment future-proofed for a potential further scale-up to 4Mtpa if needed.

Construction is set to begin in FY27, with commissioning and expanded gold production expected from mid-FY28. Westgold's project team is now focused on procuring long-lead items and finalising engineering, procurement, and construction contracts.

What did Westgold Resources management say?

Westgold Managing Director and CEO Wayne Bramwell said:

The Higginsville Expansion Plan (HXP) is the next step to drive down unit costs and increase Group free cash flow from the Southern Goldfields. By expanding the Higginsville mill capacity to a nominal 2.6Mtpa we are creating a more productive, lower-cost processing hub to match the growing outputs from our Beta Hunt mine. This will see us deliver higher Group gold production at a lower cost, in line with our 3-Year Outlook.

What's next for Westgold Resources?

With the investment decision now locked in, Westgold's short-term focus will be on securing equipment and progressing tenders to prepare for construction. The company also continues to invest in exploration at the nearby Fletcher Zone, which could support future expansions.

The new infrastructure is designed to handle even greater throughput if recent regional discoveries and resource upgrades justify further growth. Westgold remains committed to delivering improved margins and free cash flow by scaling up its best-performing assets.

Westgold Resources share price snapshot

Over the past 12 months, Westgold Resources shares have risen 145%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post Westgold Resources gives green light to $145m Higginsville expansion appeared first on The Motley Fool Australia.

As we approach the end of the first quarter, the index provider has just revealed the changes that it will be making to the ASX 200 index effective prior to the open of trading on Monday 23 March.

This has seen three ASX 200 shares dumped from the benchmark index.

Which ASX 200 shares are being dumped?

According to the release, sports technology company Catapult Sports Ltd (ASX: CAT), data centre operator DigiCo Infrastructure REIT (ASX: DGT), and pharmacy wholesaler EBOS Group Ltd (ASX: EBO) are leaving the ASX 200 index later this month.

They are being kicked out after their share prices dropped to a level that took them below the threshold required to remain in the index.

Catapult shares are down almost 40% over the past six months, giving the company a market capitalisation of $1.23 billion.

DigiCo Infrastructure REIT shares are down 50% since this time last year, dragging its market capitalisation to $1.12 billion.

Finally, New Zealand-based EBOS' shares are down almost 44% over the past 12 months. However, its exit could be more due to relative liquidity (tradability), rather than market capitalisation.

Which shares are joining the index?

S&P Dow Jones Indices has named gold miner Predictive Discovery Ltd (ASX: PDI), engineering and construction services provider SRG Global Ltd (ASX: SRG), and lithium developer Vulcan Energy Resources Ltd (ASX: VUL) as their replacements.

Predictive Discovery shares are up 185% over the past 12 months, lifting its market capitalisation to $2.41 billion.

SRG Global's shares have risen by 120%, giving it a market capitalisation of $1.7 billion.

Finally, Vulcan Energy Resources shares are only up 11% since this time last year but have a market capitalisation of $1.73 billion and a much stronger balance sheet than a year ago.

What other changes are being made?

Northern Star Resources Ltd (ASX: NST) shares are joining the exclusive ASX 20 index in place of Santos Ltd (ASX: STO).

Light & Wonder Inc (ASX: LNW) and PLS Group Ltd (ASX: PLS) are joining the ASX 50 index, with TechnologyOne Ltd (ASX: TNE) and Seek Ltd (ASX: SEK) heading out.

Lastly, gold miners Greatland Resources Ltd (ASX: GGP), Regis Resources Ltd (ASX: RRL), and Westgold Resources Ltd (ASX: WGX) are being added to the ASX 100 index. They are replacing Lendlease Group (ASX: LLC), Netwealth Group Ltd (ASX: NWL), and Pinnacle Investment Management Group Ltd (ASX: PNI).

The post 3 shares dumped from the ASX 200 index (and 3 new additions) appeared first on The Motley Fool Australia.

In late morning trade on Friday, the Northern Star share price is down 5.7% at $27.69. That sees Northern Star shares down 13.7% since Monday's close.

Evolution Mining shares are down 4.3% at the time of writing, changing hands for $15.05 apiece. This puts the Evolution Mining share price down 14.8% since Monday's close.

For some context, the ASX 200 is down 3.2% since the closing bell on Monday.

Here's how these other top ASX 200 gold stocks have performed over this same time:

• Newmont Corp (ASX: NEM) shares are down 11.5%
• Ramelius Resources Ltd(ASX: RMS) shares are down 10.0%
• Bellevue Gold Ltd (ASX: BGL) shares are down 11.7%
• Genesis Minerals Ltd (ASX: GMD) shares are down 9.0%
• Perseus Mining Ltd (ASX: PRU) shares are down 8.3%
• Vault Minerals Ltd (ASX: VAU) shares are down 13.2%
• Westgold Resources Ltd (ASX: WGX) shares are down 12.5%
• Ora Banda Mining Ltd (ASX: OBM) shares are down 3.2%

Why are ASX 200 gold stocks getting smashed despite gold's haven status?

In times of global uncertainty, investors often turn to gold as a relatively safe store of wealth.

And, indeed, on Monday, the gold price spiked to US$5,322 per ounce following the United States and Israel's military strikes on Iran. This, in turn, saw most ASX 200 gold stocks post outsized gains on Monday.

But over the following days, the gold price went into reverse.

The yellow metal is currently fetching US$5,094 per ounce, down 4.3% over the past four days.

"Gold's sell-off this week is a reminder to investors that even with rising demand for safe havens, the ultimate safe haven asset isn't immune if market forces work against it," Josh Gilbert, market analyst at eToro, said.

One of those market forces is the rapidly changing outlook for the prospect of interest rate cuts from the US Federal Reserve, the Reserve Bank of Australia, and a host of other prominent central banks.

That's because the sharp spike in oil prices (Brent crude is up 18% this week, trading at US$85.40 per barrel) is likely to fuel inflation worldwide. And gold tends to underperform in high or rising rate environments.

Fewer (or no) further interest rate cuts from the US Fed will also aid the already strengthening US dollar. And with the gold price in US dollars, that throws up additional headwinds for the yellow metal, as well as ASX 200 gold stocks.

According to Gilbert:

We're seeing similarities to what we saw in 2022. When Russia invaded Ukraine, oil prices surged, inflation spiked globally, and the Fed responded by hiking rates aggressively, which strengthened the dollar and sent gold lower for much of that year…

The physical gold market is also facing real disruption. The UAE, one of the world's most important regions for the global gold trade, closed its airspace over the weekend.

There are other forces pressuring the gold price as well.

As we've seen during other market pullbacks, traders have been selling off their gold holdings to meet margin calls, adding more gold supply to the market just as demand is dipping.

"This hints strongly at 'good for bad' activity in markets, where traders need to cover loss-making positions elsewhere by booking profits on their hitherto profitable trades," National Australia Bank Ltd (ASX: NAB) head of FX strategy Ray Attrill said (quoted by The Australian Financial Review).

Now what?

As for what's ahead for the likes of Northern Star and Evolution Mining, it's worth noting that the vast majority of ASX gold shares are still well into the green over the longer term.

S&P/ASX All Ordinaries Gold Index (ASX: XGD) – which also contains some smaller miners outside of ASX 200 gold stocks – remains up 95.7% since this time last year.

"The structural case for gold hasn't changed," Gilbert said.

He noted:

Central banks have been buying at a historic pace for three consecutive years, concerns around fiscal deficits remain firmly in place, and the geopolitical backdrop is arguably more uncertain now than at any point this year. Gold is still up almost 20% year to date, and with the conflict in the Middle East not seemingly letting up for now, buyers may not be gone for too long.

The post If gold is a safe haven, why are ASX 200 gold stocks like Northern Star and Evolution Mining getting smashed this week? appeared first on The Motley Fool Australia.

What did Westgold Resources report?

• Revenue surged 98% to $1,237.6 million (H1 FY25: $624 million)
• Net profit after tax was $190.7 million (H1 FY25: $27.6 million loss)
• EBITDA reached $435.5 million
• Unfranked dividend of 3 cents per share paid during the period
• Gold production rose 23% to 195,355 ounces
• Operating cash flow increased to $531.7 million

What else do investors need to know?

Westgold Resources became debt free after repaying its outstanding $50 million facility, finishing the period with $520.6 million in cash and cash equivalents—a 117% lift from June 2025. The bumper results were driven by a sharp increase in the gold price achieved ($5,877/oz vs $3,910/oz a year ago) and higher gold sales volumes.

During the half, Westgold completed the divestment of its Mt Henry–Selene Gold Project to Alicanto Minerals, booking a one-off, non-cash loss of $177.9 million but gaining a 19.9% strategic stake in Alicanto and further cash proceeds. The company also progressed a proposed demerger of its non-core Reedy's and Comet assets via the planned spin-out of Valiant Gold Limited.

What's next for Westgold Resources?

Westgold has reiterated its FY26 production guidance of 345,000 to 385,000 ounces of gold, supported by investments in mine development and a healthy resource base. Following the sale of non-core assets and the planned Valiant Gold demerger, the company will sharpen its focus on its major mining hubs in the Murchison and Southern Goldfields regions, aiming to sustain safe, profitable growth while advancing its refreshed ESG strategy.

Westgold Resources share price snapshot

Over the past 12 months, Westgold Resources shares have risen 221%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has 11% over the same period.

View Original Announcement

The post Westgold Resources posts record profit and revenue for H1 FY26 appeared first on The Motley Fool Australia.

Westgold Resources Ltd (ASX: WGX) shares have also reached an all-time high in afternoon trade today. The stock is 1.88% higher at the time of writing, trading at $7.845 per share. 

The gold miner has enjoyed incredible momentum and is now one of the strongest performers on the ASX 200 index over the past year, delivering gains of 211.31%.

What has driven the ASX stock price higher?

Westgold's share price has been pushed higher by a few tailwinds over the past 12 months. 

Geopolitical uncertainty has seen investors flock to safe-haven assets, such as gold, so far in 2026. The repositioning has seen some sectors drop dramatically, while ASX gold stocks have soared.

Just this week, investors have been snapping up shares in Aussie gold miners amid concerns about US President Donald Trump's global tariff plans. 

The upset around these planned "reciprocal traffics" has continued for over 12 months now. But fresh concerns have resurfaced this week after the US Supreme Court struck down Trump's earlier nation-by-nation tariffs as exceeding his authority. 

Trump's new 10% global tariff came into effect yesterday. And his administration plans to hike it to 15% in an effort to rebuild its tariff agenda. Trump has also warned that higher tariffs could be imposed on countries that "play games" with recent trade agreements. 

The soaring interest in gold has, in turn, sent the metal's price surging. Trading Economics data shows that the gold price spiked to an all-time high in late January, and while it has since cooled, it's still not far below that peak. Gold has risen to around $5,180 per ounce today. 

So what can we expect next from the Westgold share price?

Analysts are very bullish on the outlook for the ASX stock this year, even after its latest share price surge.

TradingView data shows that all six analysts have a strong buy consensus on the stock. The average target price is $9.34, which implies an 18.4% upside at the time of writing. However, the maximum target price is $11.70, which translates to a potential 48.38% upside for investors.

The post This stellar ASX stock is up 211% this past year — and there's more growth ahead appeared first on The Motley Fool Australia.

Safe-haven trading inspired a four-day sprint after the US Supreme Court declared US President Donald Trump's reciprocal tariffs illegal.

Trump has responded by slapping a 15% tariff on every nation for 150 days, which means a 50% increase for Australia.

The gold price lifted 2% overnight to close at US$5,209.55 per ounce.

However, the yellow metal has reversed course during intraday trading on Tuesday.

The gold price is currently US$5,183 per tonne, down 0.8%.

This has led to a 1.2% fall in the S&P/ASX All Ords Gold Index (ASX: XGD) today.

Analysts at Trading Economics said the gold price is falling as traders consider renewed tariff risks and persistent geopolitical uncertainty.

They said nations were reassessing their trade positions after the ruling, despite Trump's threats of higher tariffs if they "play games".

The analysts commented:

The EU halted the ratification process of its trade agreement, while India deferred talks with the US.

On the geopolitical front, attention remains on US-Iran nuclear talks, set to resume on Thursday.

Trump said he prefers a negotiated settlement but cautioned that serious consequences could follow if a deal is not reached.

5 ASX 200 gold shares reached record highs today

The day started on a high with five ASX 200 gold shares reaching new record highs, before retreating.

The Northern Star Resources Ltd (ASX: NST) share price rose 5.6% to a record $30.93 this morning.

The market's largest ASX 200 gold share is now $29.33, up 0.1%.

The Evolution Mining Ltd (ASX: EVN) share price rose 5.2% to a new record high of $16.39 in earlier trading.

Now, Evolution shares are $15.38, down 1.3%.

Ramelius Resources Ltd (ASX: RMS) shares lifted 5.7% to an all-time high of $5.16 before reversing course.

The ASX 200 gold share is now $4.81 apiece, down 1.5%.

Westgold Resources Ltd (ASX: WGX) shares rose 4.8% to a record $7.93 apiece this morning.

Now, Westgold Resources shares are $7.68, up 1.4%.

The Regis Resources Ltd (ASX: RRL) share price reached a multi-decade high of $9.22, up 3.6%, in earlier trading.

The ASX 200 gold share is now $8.80, down 1.2%.

What's next for the gold price?

Shaw & Partners predicts that the gold price will increase to US$6,000 per ounce in CY26.

The broker is tipping a further rise to US$6,500 per ounce in CY27 and US$7,000 per ounce in CY28. 

Bank of America is forecasting gold to reach US$6,000 per ounce this year.

In a note to clients, BoA analyst Michael Hartnett said (courtesy Kitco News):

History no guide to future, but avg gold jump past 4 bull markets ≈ 300% in 43 months which would imply gold reaching $6,000 by spring.

Some analysts are even more optimistic.

René Hochreiter from NOAH Capital Markets and Sieberana Research anticipates a peak gold price of US$6,300 per ounce in CY26.

He comments:

Geopolitical events in 2026 are likely to continue unabated, putting upward pressure on the price.

World governments are building up their gold reserves in anticipation of de-dollarisation. 

Julia Du from ICBC Standard Bank says the gold price could crack US$7,000 per ounce this year.

I expect 2026 to be a year of heightened geopolitical risk and strong safe-haven demand, allowing gold to continue the volatile yet upward trend.

Central banks are likely to keep adding to reserves, institutional investors will increase portfolio allocations, and retail demand – especially in Latin America – should remain robust.

Combined with continued Fed rate cuts, these forces support a bullish bias.

Other experts are less ambitious with their forecasts.

Last month, Goldman Sachs raised its year-end forecast for 2026 to US$5,400 per ounce.

The broker said this prediction is based on two factors:

The first is continued purchases by central banks as they continue to diversify their reserves by buying bullion.

The second is investor allocations into gold thanks to the Federal Reserve rate cuts that Goldman Sachs Research expects to see this year.

Lina Thomas, senior commodities analyst at Goldman Sachs Research, expects volatility for the gold price but also sees a "significant upside" risk to the broker's forecast.

James Steel from HSBC tips a peak price of US$5,050 per ounce.

Steel says:

The "fear of missing out" has attracted a new coterie of buyers which is injecting added volatility into the market.

Heavy buying by institutional investors including momentum purchases may continue.

Long positions on the CME are high but subject to liquidation. Trading may be characterised by wide ranges this year.

The post Gold price reverses course after 4-day run appeared first on The Motley Fool Australia.

At the time of writing, the ASX 200 is currently down 0.2% at just over 9,000 points.

Despite this haphazard performance, though, we have seen a number of ASX 200 stocks hit new 52-week highs today.

We've already covered the fresh record high that BHP Group Ltd (ASX: BHP) shares are enjoying. But BHP is not the only ASX 200 stock breaking new ground this Tuesday.

These ASX 200 stocks just hit new 52-week highs

First up, let's talk about Woodside Energy Group Ltd (ASX: WDS). This ASX 200 energy stock is enjoying a strong 1.11% bounce at present at $27.40 a share. That's after Woodside hit a new 52-week high of $27.66 earlier this morning.

It seems we have Woodside's latest earnings to thank for this new high. As we went through earlier this session, Woodside reported record energy production as well as lower costs.

Despite slight declines in revenue and profit, the company still increased its final dividend to 57 US cents per share, up 11% from 53 US cents last year.

Woodside's high today was also likely boosted by an overnight increase in energy prices, with Brent crude now back over US$70 a barrel.

But it's not just Woodside hitting a new 52-week high this Tuesday. We've also seen new highs from a bevvy of ASX 200 gold stocks.

Gold stocks bounce back

These include Northern Star Resources Ltd (ASX: NST), Evolution Mining Ltd (ASX: EVN), and Westgold Resources Ltd (ASX: WGX).

Northern Star clocked a new 52-week (and all-time record) high of $30.93 soon after market open this morning. It's a similar story with Evolution and Westgold. Evolution reset its own record, hitting $16.39 a share, while Westgold raced to $7.93 a share, a new record.

It's not hard to see a pattern here. Gold itself has continued to push higher today. After dipping below US$5,000 an ounce earlier this month, the yellow metal looks to be gearing up to have a crack at its own record high. It's back above US$5,000 at about US$5,177 an ounce at the time of writing after hitting US$5,237 a few hours ago.

Clearly, this recovery in the gold markets has renewed investors' appetites for ASX 200 gold stocks.

The post Woodside and these ASX 200 stocks just hit new 52-week highs appeared first on The Motley Fool Australia.

In morning trade on Tuesday, Northern Star shares are up 4.4% to $30.57 each. Evolution Mining shares are close behind, up 4% today at $16.20 apiece.

For some context, the ASX 200 is up 0.2% at this same time while the S&P/ASX All Ordinaries Gold Index (ASX: XGD) – which also contains some smaller gold miners outside of the ASX 200 – is up 2.5%.

Here's how these other top ASX 200 gold stocks are performing on Tuesday:

• Newmont Corp (ASX: NEM) shares are up 0.7%
• Ramelius Resources Ltd(ASX: RMS) shares are up 3.7%
• Bellevue Gold Ltd (ASX: BGL) shares are up 0.8%
• Genesis Minerals Ltd (ASX: GMD) shares are up 1.3%
• Perseus Mining Ltd (ASX: PRU) shares are up 1.2%
• Vault Minerals Ltd (ASX: VAU) shares are up 2.6%
• Westgold Resources Ltd (ASX: WGX) shares are up 2.7%
• Ora Banda Mining Ltd (ASX: OBM) shares are up 1.3%

Here's what's catching ASX investor interest today.

Why are ASX 200 gold stocks smashing the benchmark today?

Investors are piling into Aussie gold miners like Evolution Mining and Northern Star shares today amid renewed concerns over US President Donald Trump's global tariff plans.

With the US Supreme Court striking down Trump's earlier nation-by-nation tariffs as exceeding his authority, Trump now aims to level a potential 15% tariff on every nation for up to 150 days.

That's played into gold's haven status, with the yellow metal jumping early this morning to US$5,248 per ounce. At the time of writing, gold is fetching US$5,481 per ounce. This sees the gold price up 12.5% from the recent lows on 2 February and up a blistering 80% since this time last year.

And, as you'd expect, with higher gold prices, ASX 200 gold stocks tend to deliver juicier profits, which is driving investor interest in Aussie miners today.

What the experts are saying about the gold price

Commenting on the resurgent gold price that's sending Northern Star and Evolution Mining shares soaring today, Bloomberg markets strategist Mark Cranfield said:

Gold's strength amid a lower positioning from hedge funds shows that there's further position upside. The Commodity Futures Trading Commission data shows that the net-long position for gold futures have fallen to the lowest level in nearly a year.

Vasu Menon, strategist at Oversea-Chinese Banking Corp, also has a bullish medium-term outlook for the gold price. But he cautioned about short-term volatility, which could also see some price swings in ASX 200 gold stocks.

According to Menon:

There are enough structural factors in favour of gold in the medium term. In the short term, however, expect gold prices to be volatile after the sharp gains in recent months given still-unfolding developments with US trade policy, and the situation in Iran.

The post Why are ASX 200 gold stocks like Evolution Mining and Northern Star shares going gangbusters on Tuesday? appeared first on The Motley Fool Australia.

Meantime, brokers have identified some stocks that they think are good buys for the year ahead.

Let's check them out.

8 ASX All Ords shares with strong buy consensus ratings

The following stocks have been recently upgraded to 'strong buy' consensus ratings among analysts on the CommSec platform.

A consensus rating is the average rating based on a number of analysts' opinions.

Zip Co Ltd (ASX: ZIP)

The Zip share price is $2.50, down 0.4% on Tuesday.

This ASX All Ords financial share is up 2% over the past 12 months.

UBS is among the brokers recommending investors buy Zip shares.

The broker has a 12-month share price target of $5.20 on the buy now, pay later (BNPL) provider.

Citi also has a buy rating with a much lower target of $4.30.

Zip will report its earnings on Thursday.

Xero Ltd (ASX: XRO)

The Xero share price is at a three-year low of $77, down 2.7% today as the global tech downturn continues.

The ASX All Ords tech share has halved in value over the past six months.

In February, several brokers have reiterated their buy ratings but with vastly different 12-month price targets.

Jefferies has a target of $82.70 and Citi is tipping $144.80 per share.

WiseTech Global Ltd (ASX: WTC)

The Wisetech share price is also at a three-year low of $45.49, down 5.6% on Tuesday.

Wisetech shares have lost 63% of their value over the past year.

This month, Jefferies reiterated its buy rating with a 12-month price target of $65.

Citi is far more ambitious with a target of $109.15.

Wisetech will release its 1H FY26 results next Wednesday.

Westgold Resources Ltd (ASX: WGX)

The Westgold Resources share price is currently $7.20, down 0.8%.

The ASX All Ords gold share is up 193% over the past 12 months.

Macquarie is among the brokers with a buy rating on Westgold shares. Its 12-month target is $9.90.

Ord Minnett also has a buy recommendation with a target of $8.65.

Some experts believe the gold price could rise above US$7,000 per ounce this year.

Capricorn Metals Ltd (ASX: CMM)

This ASX All Ords gold share is $13.32 apiece on Tuesday, down 0.9%.

Capricorn Metals shares have soared 68% over the past 12 months.

This month, Macquarie upgraded its rating to buy and lifted its price target from $15.20 to $16.20.

AGL Energy Ltd (ASX: AGL)

The AGL share price is $10.43, down 0.6% today and down 2.7% over the past 12 months.

Last week, AGL reported an underlying profit of $353 million for 1H FY26, down 6% on 1H FY25.

The energy retailer announced a fully franked interim dividend of 24 cents per share.

Citi has a buy rating on the ASX All Ords utilities share with a price target of $11.80. 

RBC Capital also has a buy recommendation with a target of $11.50.

Telix Pharmaceuticals Ltd (ASX: TLX)

The Telix Pharmaceuticals share price is $8.33, down 3.5% on Tuesday.

The ASX All Ords healthcare share is down 70% over the past 12 months.

Citi just reiterated its buy rating on Telix with a price target of $34.

TD Cowen also has a buy rating but lowered its price target from $25 to $20.

WA1 Resources Ltd (ASX: WA1)

This ASX All Ords copper share is $15.62 apiece, down 2% today and up 18% over the past 12 months.

Copper is in high demand due to the green energy transition and rising debasement trade amid geopolitical and trade uncertainties.

The red metal is essential for electrification and a key input in new infrastructure like wind turbines and data centres.

This month, Canaccord Genuity reiterated its buy rating and lifted its 12-month price target from $28 to $32.

The post 8 ASX All Ords shares just upgraded to strong buy status appeared first on The Motley Fool Australia.