Broker Notes: Why analysts name Macquarie, HT&E and Ramelius to buy now?
$Macquarie Group Ltd(MQG.AU$: Jefferies has a buy rating on Macquarie.
Macquarie could prove to be an investment that gains multiple times its original value, or even a multibagger, over the next five to 10 years, says Jefferies. Jefferies makes this assessment because it believes that the Australian financial company has cross-divisional earnings leverage to global energy decarbonisation.
$HT&E Ltd(HT1.AU$: Macquarie raises the stock to outperform from neutral.
Macquarie analysts expect HT&E's upcoming 1H result to beat consensus expectations for earnings. "Our revenue numbers factor in upgraded radio ad market revenue for the six months to June," Macquarie says.
$Ramelius Resources Ltd(RMS.AU$: Shaw & Partners rates the stock a buy but reduces its price target by 36% to A$1.50/share.
Ramelius Resources's guidance for FY 2023 is materially worse than Shaw & Partners expected. Ramelius forecast all-in sustaining costs of A$1,750/oz-A$1,950/oz, well above the A$1,523/oz reported for FY 2022. "Higher costs are no surprise, but we were expecting more impact from the low-cost Penny mine in FY 2023," analyst Andrew Hines says. Still, Ramelius has a track record of meeting or beating guidance. "We suspect, therefore, that the FY 2023 guidance is going to more conservative than usual."
Macquarie could prove to be an investment that gains multiple times its original value, or even a multibagger, over the next five to 10 years, says Jefferies. Jefferies makes this assessment because it believes that the Australian financial company has cross-divisional earnings leverage to global energy decarbonisation.
$HT&E Ltd(HT1.AU$: Macquarie raises the stock to outperform from neutral.
Macquarie analysts expect HT&E's upcoming 1H result to beat consensus expectations for earnings. "Our revenue numbers factor in upgraded radio ad market revenue for the six months to June," Macquarie says.
$Ramelius Resources Ltd(RMS.AU$: Shaw & Partners rates the stock a buy but reduces its price target by 36% to A$1.50/share.
Ramelius Resources's guidance for FY 2023 is materially worse than Shaw & Partners expected. Ramelius forecast all-in sustaining costs of A$1,750/oz-A$1,950/oz, well above the A$1,523/oz reported for FY 2022. "Higher costs are no surprise, but we were expecting more impact from the low-cost Penny mine in FY 2023," analyst Andrew Hines says. Still, Ramelius has a track record of meeting or beating guidance. "We suspect, therefore, that the FY 2023 guidance is going to more conservative than usual."
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