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Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Develop Global (ASX:DVP): -11%, AU$4.77Liontown (ASX:LTR): -9%, AU$1.06Deep Yellow (ASX:DYL): -9%, AU$1.43Paladin Energy (ASX:PDN): -9%, AU$10.33Capstone Copper (ASX:CSC): -9%, AU$14.50PLS Group (ASX:PLS): -8%, AU$4.48GQG Partners (ASX:GQG): -7%, AU$1.12Telix Pharmaceuticals (ASX:TLX): -7%, AU$15.55Westgold Resources (ASX:WGX): -7%, AU$5.44Sandfire Resources (ASX:SFR): -7%, AU$20.91

ASX 200ASX:CSCASX:DVPASX:DYLASX:GQGASX:LTRASX:PDNASX:PLSASX:SFRASX:TLXASX:WGX
Asia

PLS Group Says Morgan Stanley Ceases to Be a Substantial Holder

PLS Group (ASX:PLS) said Morgan Stanley and its subsidiaries ceased to be substantial holders of the firm as of Monday, according to a Thursday Australian bourse filing.It had become a substantial holder on Sept. 2, with a voting power of 5.07% in PLS' ordinary shares.

ASX:PLS
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Tuesday.Liontown Resources (ASX:LTR): 31.8 million sharesCore Lithium (ASX:CXO): 10 million sharesArafura Rare Earths (ASX:ARU): 9.5 million sharesSigma Healthcare (ASX:SIG): 7.1 million sharesPLS Group (ASX:PLS): 6.4 million shares

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Asia

PLS Group Says MUFG Becomes Substantial Holder

PLS Group (ASX:PLS) received notice that Mitsubishi UFJ Financial Group (MUFG) became a substantial holder of the company on Sept. 2, according to an Australian bourse filing on Monday after market hours.MUFG now owns 183.3 million ordinary shares in the company, representing 5.68% of the issued shares, the filing said.

ASX:PLS
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Friday.Nine Entertainment (ASX:NEC): -5%, AU$0.95Nufarm (ASX:NUF): -4%, AU$3.14IGO (ASX:IGO): -4%, AU$8.10Pilbara Minerals (ASX:PLS): -3%, AU$5.03GrainCorp (ASX:GNC): -3%, AU$6.82Tamboran Resources (ASX:TBN): -3%, AU$0.28Xero (ASX:XRO): -3%, AU$78.56Elevra Lithium (ASX:ELV): -3%, AU$7.68Mineral Resources (ASX:MIN): -2%, AU$61.79Dyno Nobel (ASX:DNL): -2%, AU$3.81

ASX 200ASX:DNLASX:ELVASX:GNCASX:IGOASX:MINASX:NECASX:NUFASX:PLSASX:TBNASX:XRO
Asia

Australian Shares Jump; Ansell Fiscal 2026 Adjusted Earnings, Revenue Up

Australian shares rose on Monday as metal prices climbed.The S&P/ASX 200 Index gained 0.49%, or 44.20 points, to close at 9,103.10.Spot gold rose nearly 1% to $4,653 per ounce. Expectations of a stimulus package signal in China pushed iron ore futures up to $97.70 per tonne. Copper ore prices were also higher.Brent crude futures ​fell over 1% to around $93 per barrel as investors awaited the proposed US sanctions against Iran's trading partners as a diplomatic stalemate between them continues.In company news, Ansell (ASX:ANN) logged $1.486 in adjusted earnings per share for fiscal 2026, compared with $1.261 a year ago. For the 12 months ended June 30, revenue was $2.14 billion versus $2 billion previously. Its shares closed up 9%.PLS Group (ASX:PLS) logged AU$0.1614 in earnings per share for fiscal 2026, compared with a loss of AU$0.0633 a year ago. For the 12 months ended June 30, revenue was AU$1.93 billion versus AU$768.9 million previously.Lastly, Ampol (ASX:ALD) logged AU$3.582 in underlying replacement cost operating profit after tax earnings per share for the first-half, compared with AU$0.749 a year ago. For the six months ended June 30, revenue was AU$20.41 billion versus AU$15.3 billion previously.

ASX 200ASX:ALDASX:ANNASX:PLS
Asia

PLS Group Took Advantage of Stronger Lithium Prices to Deliver Successful Fiscal 2026, Jarden Says

PLS Group (ASX:PLS) took advantage of stronger lithium prices to reinvest in the business and add cash to its balance sheet, delivering an overall successful fiscal 2026, Jarden said in a Monday note.The company's board declared a final dividend of AU$0.05 per share, which was a "key positive outcome" and ahead of consensus forecasts of AU$0.02, the investment firm said.PLS Group's cash flow generation was stronger than expected, supported by a AU$74 million tax refund related to prior periods and a working capital release.Additionally, PLS appears to be positioning for long-term strength in lithium prices, and the company is entering fiscal 2027 with strong operating momentum, net cash balance sheet of more than AU$1 billion, and total liquidity of around AU$2.8 billion, which is sufficient to internally fund the expected final investment decision for the P2,000 expansion project in Western Australia in the December quarter, the equity research firm said.Jarden maintained an underweight rating on PLS Group with a target price of AU$3.10."Despite continuing to regard PLS as one of the highest quality mining exposures on the ASX, we maintain strict valuation discipline, and stay underweight, simply awaiting a more attractive entry point," Jarden said.PLS Group shares rose 7% in recent Monday trade.

ASX:PLS
PLS Group Expects Higher Fiscal 2027 Spodumene Production Amid 'Confident' Long-Term Lithium Outlook
US Markets

PLS Group Expects Higher Fiscal 2027 Spodumene Production Amid 'Confident' Long-Term Lithium Outlook

PLS Group (ASX:PLS) said it expects fiscal 2027 spodumene production to be above fiscal 2026, as the company said it remains confident in the long-term opportunity for lithium.The company expects to produce 1 million to 1.3 million tonnes of spodumene, the ore used to produce lithium, in fiscal 2027, above its fiscal 2026 production of 879,500 tonnes.The lithium producer on Monday reported AU$0.1614 in earnings per share for fiscal 2026, compared with a loss of AU$0.0633 a year ago and an estimate of AU$0.18 by analysts polled by FactSet."We had positioned the business to respond quickly when market conditions improved and, as the lithium market strengthened, we acted, bringing idled capacity back into production and shifting our focus decisively from defence to growth," said Chief Executive Dale Henderson.The company made AU$1.93 billion in revenue, up from AU$768.9 million last year, while meeting the AU$1.93 billion estimate from Jarden, as well as analysts polled by FactSet.The company also declared a final dividend of AU$0.05 per share after suspending the dividend in fiscal 2025 as a cost reduction initiative.Jarden that the company delivered "robust" results as it took advantage of stronger lithium prices to reinvest in the business and add cash to the balance sheet.

ASX:PLS
Asia

Update: PLS Group Logs Earnings in Fiscal 2026, Revenue Up; Shares Rise 7%

(Updates to add stock movement in the headline and the last paragraph)PLS Group (ASX:PLS) logged AU$0.1614 in earnings per share for the fiscal 2026, compared with a loss of AU$0.0633 a year ago, a Monday filing showed.Analysts polled by FactSet expected earnings of AU$0.18.For the 12 months ended June 30, revenue was AU$1.93 billion versus AU$768.9 million previously, the Australia-listed miner added. Analysts surveyed by FactSet expected AU$1.93 billion.The board declared a final dividend of AU$0.05 per share, payable Sept. 24 to shareholders on record as of Sept. 3.The company expects fiscal 2027 production of 1 million to 1.1 million tonnes and capital expenditure of AU$620 million to AU$685 million.The company's shares rose around 7% in recent Monday trade.

ASX:PLS
Asia

PLS Group Logs Earnings in Fiscal 2026; Revenue Up

PLS Group (ASX:PLS) logged AU$0.1614 in earnings per share for the fiscal 2026, compared with a loss of AU$0.0633 a year ago, a Monday filing showed.Analysts polled by FactSet expected earnings of AU$0.18.For the 12 months ended June 30, revenue was AU$1.93 billion versus AU$768.9 million previously, the Australia-listed miner added. Analysts surveyed by FactSet expected AU$1.93 billion.The board declared a final dividend of AU$0.05 per share, payable Sept. 24 to shareholders on record as of Sept. 3.The company expects fiscal 2027 production of 1 million to 1.1 million tonnes and capital expenditure of AU$620 million to AU$685 million.

ASX:PLS
Asia

Pilbara Gold Satisfies All Conditions Precedent Under PLS Group Mineral Rights Agreement, Shares Up 6%

Pilbara Gold (ASX:PGL) said all conditions precedent in its Mineral Rights Agreement with PLS Group (ASX:PLS), entered into in October 2025, have now been satisfied at its 2.1 million-ounce Mt York gold project in Western Australia, according to a Monday Australian bourse filing.The company said it now owns mineral rights, excluding lithium and tantalum, to three PLS exploration licences and one application covering 367 square kilometers of neighboring prospective greenstone geology at Mt York.Pilbara Gold will start a large airborne electromagnetic survey over the greater Mt York region to define new targets over nearby prospective geology, the filing added.The company's shares rose 6% in recent Monday trade.

ASX:PGLASX:PLS
Asia

ASX Biggest Gainers

Here are the ASX-listed companies with the biggest gains on Friday.Mineral 260 (ASX:MI6): +10%, AU$0.80Light & Wonder CDI (ASX:LNW): +7%, AU$126.43Iluka Resources (ASX:ILU): +7%, AU$7.25Pilbara Minerals (ASX:PLS): +6%, AU$4.57Telix Pharmaceuticals (ASX:TLX): +6%, AU$15.89Liontown Resources (ASX:LTR): +6%, AU$1.14Predictive Discovery (ASX:PDI): +6%, AU$0.77West African Resources (ASX:WAF): +5%, AU$3.49James Hardie Industries (ASX:JHX): +5%, AU$42.78Neuren Pharmaceuticals (ASX:NEU): +4%, AU$22.52

ASX 200ASX:ILUASX:JHXASX:LNWASX:LTRASX:MI6ASX:NEUASX:PDIASX:PLSASX:TLXASX:WAF
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.EQ Resources (ASX:EQR): 22 million sharesLindian Resources (ASX:LIN): 20.4 million sharesLiontown Resources (ASX:LTR): 14.8 million sharesZip (ASX:ZIP): 9.6 million sharesPLS Group (ASX:PLS): 8.5 million shares

ASX 200ASX:EQRASX:LINASX:LTRASX:PLSASX:ZIP
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Thursday.EQ Resources (ASX:EQR): 24.3 million sharesLindian Resources (ASX:LIN): 20.4 million sharesLiontown Resources (ASX:LTR): 17.7 million sharesBeach Energy (ASX:BPT): 9.6 million sharesPLS Group (ASX:PLS): 6.5 million shares

ASX 200ASX:BPTASX:EQRASX:LINASX:LTRASX:PLS
Asia

Calix Receives Final AU$5.7 Million Payment From PLS Group Under Mid-Stream Project Restructure, Shares Up 6%

Calix (ASX:CXL) received a second and final AU$5.7 million cash payment from PLS Group (ASX:PLS) as part of the restructure of the Mid-Stream Project executed on April 20, according to a Friday Australian bourse filing.The company said the Mid-Stream Demonstration Plant was officially opened on June 5, with commissioning proceeding to schedule and successful full heat cycles of the Calix electric calciner completed, demonstrating power draw and heating range performance at design specification.First spodumene calcination and lithium phosphate production is expected in the September quarter, the filing added.The company's shares rose 6% in recent Friday trade.

ASX:CXLASX:PLS
Asia

PLS Group Posts Lower June Quarter Spodumene Production, Higher Sales

PLS Group (ASX:PLS) said June quarter production was 214,300 tonnes of spodumene concentrate, and sales were 249,900 tonnes at a realized price of $2,107 per tonne, generating revenue of AU$743 million, according to a Thursday Australian bourse filing.In the same period last year, the company produced 221,300 tonnes and sold 216,000 tonnes at a realized price of $599 per tonne, generating revenue of AU$193 million, an earlier filing showed.The company said closing cash was AU$2.29 billion with total liquidity of AU$2.79 billion.September quarter 2026 production volumes are expected to be lower than the rest of fiscal 2027 as the Ngungaju plant ramps up, with the plant expected to achieve a normalized run rate within the first four months of fiscal 2027, while fiscal 2027 spodumene production is guided at 1 million to 1.1 million tonnes, the filing added.The company's shares rose almost 1% in recent Thursday trade.

ASX:PLS
Asia

Lycopodium Wins AU$22 Million Detailed Engineering Contract for PLS Group Unit's Western Australia Expansion Project

Lycopodium (ASX:LYL) was awarded a detailed engineering services contract by Pilgangoora Operations, a unit of PLS Group (ASX:PLS), for the design of the wet plant to progress to final investment decision for the P2000 expansion project in Western Australia, according to a Wednesday Australian bourse filing.The contract is valued at about AU$22 million, with work commencing immediately, the filing said.Lycopodium's shares rose 1% in recent Wednesday trade, while PLS Group's shares added about 2%.

ASX:LYLASX:PLS
Asia

Lithium Miners' Shares Fall as Lithium Prices Drop

Shares of Liontown Resources (ASX:LTR) fell past 3%, while those of Mineral Resources (ASX:MIN) and PLS Group (ASX:PLS) fell over 2% following the lower price of lithium.The Bloomberg Global Commodity Lithium Index dropped over 5% to $92.28, the biggest one-day fall since the start of the conflict between the US and Iran.

ASX:LTRASX:MINASX:PLS
Research

Morgans Financial Upgrades PLS Group to Hold From Trim; Price Target is AU$4.80

PLS Group (ASX:PLS) has an average rating of hold and mean price target of AU$5.74, according to analysts polled by FactSet.

ASX:PLS
Asia

PLS Group, Mineral Resources' Western Australia Lithium Operations Poised to Exceed Consensus Fiscal Q4 Forecasts, Jefferies Says

PLS Group's (ASX:PLS) Pilgangoora operation and Mineral Resources' (ASX:MIN) Wodgina and Mt Marion mines, all located in Western Australia, are expected to post strong results in the fiscal fourth quarter, Jefferies said in a Wednesday note, citing Port Hedland and Esperance lithium shipping data.Jefferies raised its sales forecasts for Wodgina and Mt Marion while slightly reducing the estimate for Pilgangoora, but expects all three to exceed consensus amid a drawdown of elevated site inventories.Wodgina shipments attributable to Mineral Resources exceeded consensus estimates through the fiscal third quarter. The momentum is expected to continue into fiscal Q4, Jefferies said, adding that attributable shipments at Mt Marion also remain strong."While [fiscal Q4] performance is strong, we are cautious on extrapolation, particularly at Mt Marion, given rising capitalized stripping into [fiscal year 2027]," the equity research firm said.It added that both PLS Group and Mineral Resources are well positioned versus guidance on the back of strong production across all assets, coupled with supportive commodity pricing.Jefferies maintained a hold rating on Mineral Resources with a price target of AU$65. It kept a buy rating on PLS Group while lowering the company's price target to AU$6.50 from AU$6.70.

ASX:MINASX:PLS

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