Australian stocks slid on Tuesday as rising COVID-19 cases in the state of Victoria dented sentiment, with investors eyeing a rate decision by the country's central bank later in the day.
Northern Star Resources Ltd (ASX: NST) will be on watch today after the gold price pushed higher on Friday night. According to CNBC, the spot gold price rose 0.35% to US$1,905.30 an ounce. This meant the precious metal climbed 1.4% over the five days, thanks partly to a pullback in bond yields and the US dollar.
Inghams rated as a buy
The
Inghams Group Ltd(ASX: ING) share price may have jumped 8% on Friday but analysts at Goldman Sachs still see a lot of value in the poultry producer. In response to its trading update, the broker has retained its buy rating and lifted its price target to $4.50. This compares to the latest Inghams share price of $3.40.
OzAurum Resources Limited (ASX:OZM) Spectacular High-Grade Gold Aircore Hits
Spectacular High-Grade Gold Aircore HitsPerth, May 24, 2021 AEST (ABN Newswire) - OzAurum Resources Ltd (
ASX:OZM) is pleased to announce additional Aircore (AC) drilling results from 75 holes for 5,447 metres (m) of drilling at its Mulgabbie North Project situated two kilometres from the Northern Star Resources (
Highlights
o 1m @ 162.5 g/t gold (Au) from 27m - MNOAC 120
o 1m @ 31 g/t Au from 34m - MNOAC 130
o 1m @ 15.35 g/t Au from 48m - MNOAC 020
- AC holes that intersected significant gold mineralisation from 4m composite samples include:
o 4m @ 10.2 g/t Au from 24m - MNOAC 144