Australian Market Buy Ratings
Canaccord Genuity Issues New Buy Ratings Across Five Australian Listed Companies
Key Points
Ord Minnett set a Buy target on Viridis Mining and Minerals at A$6.50, higher than Canaccord Genuity's A$6.30 target.
Dusk Group is seen with a Moderate Buy consensus and a price target of A$1.20 according to The Street/TipRanks coverage.
Money3 Corporation also had Morgans maintaining a Buy rating with a price target of A$1.78.
Cuscal closed last Friday at A$5.62, with a Strong Buy consensus and Ord Minnett’s A$6.44 target cited in the coverage.
MaxiPARTS shares closed at A$1.75 as Warren Jeffries reiterates a Buy with a target of A$2.56.
Canaccord Genuity is backing five Australian stocks with Buy ratings and upside targets, signaling confidence in companies across mining, retail, and financial services. The analyst firm set price targets ranging from A$1.20 to A$6.70, with several companies beating expectations in recent quarters despite posting losses or modest profits Watchlist News.
The targeted stocks include Viridis Mining and Minerals, Dusk Group, Money3 Corporation, Cuscal, and MaxiPARTS. Insider buying at Viridis and strong revenue growth at Cuscal add weight to the bullish calls, even as some companies struggle with red ink on their bottom lines Business Insider.
Viridis Mining Sees Insider Confidence Despite Quarterly Loss
Viridis Mining and Minerals posted a A$2.74 million loss in the latest quarter, but insiders are voting with their wallets. Eight company insiders boosted their holdings, a sign they believe the stock will bounce back. Canaccord set a A$6.30 target, while Ord Minnett went higher at A$6.50 Watchlist News.
Dusk Group Battles Red Ink Despite Revenue Growth
Dusk Group brought in A$57.11 million in revenue for the June quarter but reported a A$4.62 million net loss. The retailer carries a Moderate Buy consensus rating with a A$1.20 target from Canaccord Genuity. Shares sit below that target, offering potential upside for early buyers Business Insider.
Money3 and Cuscal Show Profit Momentum and Analyst Support
Money3 Corporation trades at A$1.72 with a Canaccord target of A$2.00, representing 16% upside. The financial services lender holds a Strong Buy consensus across the Street at A$1.89. Morgans also backs the stock with a Buy rating and A$1.78 target Business Insider.
Cuscal showed stronger fundamentals with A$257.6 million in quarterly revenue and A$21.2 million in net profit. Shares closed Friday at A$5.62 with a Strong Buy consensus. Ord Minnett's A$6.44 target implies 15% upside from current levels Business Insider.
MaxiPARTS Posts Solid Earnings With Room to Run
MaxiPARTS delivered A$135.06 million in quarterly revenue and A$5.06 million in net profit, outpacing many peers. Canaccord targets A$2.56, above the Moderate Buy consensus of A$2.68. Shares closed at A$1.75, giving investors potential gains of 46% to the Street's midpoint Business Insider.
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