ASX 200 stocks hitting fresh 52-week highs and lows – Week 42
A broad list of gold miners including Newmont, Northern Star and Genesis Minerals hit 52-week highs last week amid soaring gold prices.
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Mentioned
KEY POINTS
- Gold prices have scored three consecutive all-time highs, sending gold mining stocks into fresh 52-week high territory
- Soaring equity markets and growing investor confidence has underpinned a sustained upward move for asset managers and investment platforms
- Earnings upgrades from Flight Centre and Webjet suggest near-term challenges amid airfare deflation and margin compression
Welcome back to the 52-week Series – A recap of ASX 200 stocks that have tagged a fresh yearly highs and lows in the past week.
52-Week Highs and Lows by Sector
Materials: 13 Highs, 0 Lows
Financials: 9 Highs, 0 Lows
Industrials: 4 Highs, 1 Low
Technology: 3 Highs, 0 Lows
Real Estate: 3 Highs, 0 Lows
Health Care: 2 Highs, 0 Lows
Discretionary: 1 High, 3 Lows
Telecommunication: 1 High, 1 Low
Staples: 0 Highs, 0 Lows
Utilities: 0 Highs, 1 Low
Energy: 0 Highs, 1 Low
What Does the Data Tell Us?
Asset managers and investment platforms trend higher: Pinnacle Investment Management, Hub24, and Netwealth have more than doubled in value over the past year. This surge is driven by bullish equity markets and an ongoing structural shift in Australia's wealth management platform landscape. Last week, Hub24 reported 1Q25 net inflows of $4 billion, up 44% year-on-year and beat Macquarie estimates by 25% ($3.2bn). "Fundamental valuation metrics remain stretched. However, the outlook for flows remains encouraging with improved operating leverage in FY25. This will continue to support the elevated multiple, with limited near-term catalysts for de-rating," the analyst said in a note dated 15 October.
Gold's time to shine: Gold mining stocks lagged behind the precious metal's performance from late September to October, likely due to rising bond yields, weather risks and market volatility. However, the past two weeks have seen a robust rally, with numerous gold miners reaching new 52-week highs.
Travel stocks soften: Flight Centre and Web Travel Group shares plummeted last week following disappointing trading updates. Web Travel Group slashed its 2025 revenue margin guidance to 6.5%, citing persistent weakness in European markets. This comes just six weeks after a previous downgrade to 7.0-7.5% from 7.5%. Macquarie analysts noted, "It is difficult to determine the revenue margin floor." Meanwhile, Flight Centre lowered its near-term growth outlook, pointing to airfare deflation and major clients opting for cheaper options. In response, Macquarie cut its FY25 total transaction value (TTV) forecast for Flight Centre to 3.5% from 5.6%. Despite maintaining an Outperform rating, Macquarie reduced its target price for Flight Centre by 7% to $23.34.
ASX 200 Financials at 52-week highs
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
Pinnacle Investment | $19.54 | 2.6% | 141.5% | |
Judo Capital | $1.92 | 11.0% | 139.4% | |
Hub24 | $67.03 | 5.1% | 114.9% | |
Netwealth Group | $27.80 | 1.1% | 113.5% | |
Magellan Financial | $11.26 | 0.0796 | 0.7594 | |
Insignia Financial | $3.09 | 10.4% | 47.9% | |
Macquarie Group | $236.03 | 1.6% | 45.5% | |
AMP | $1.50 | 12.4% | 42.4% | |
Bank of Queensland | $7.01 | 14.5% | 25.9% |
Data shows any stock to have hit a 52-week high in the past week. Share price and performance as at Friday 18 October 2024
ASX 200 Materials at 52-week highs
Ticker | Company | Close | 1 Week | 1 Year |
|---|---|---|---|---|
Newmont Corp | $84.45 | 6.0% | NA | |
Alcoa Corporation | $61.16 | 3.6% | NA | |
Sandfire Resources | $10.70 | -1.2% | 85.4% | |
Perseus Mining | $2.84 | 5.6% | 69.6% | |
Regis Resources | $2.65 | 22.7% | 61.1% | |
Westgold Resources | $3.11 | 22.0% | 54.7% | |
Genesis Minerals | $2.30 | 11.1% | 53.3% | |
Emerald Resources | $4.20 | 5.3% | 44.3% | |
Northern Star Resources | $17.08 | 7.0% | 40.6% | |
Evolution Mining | $5.04 | 10.3% | 38.8% | |
Ramelius Resources | $2.40 | 9.1% | 38.7% | |
Amcor PLC | $16.75 | 2.0% | 23.3% | |
De Grey Mining | $1.39 | -2.8% | 12.0% |
ASX 200 Stocks at 52-week highs
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Breville Group | $34.43 | Discretionary | -2.8% | 57.0% | |
Telix Pharmaceuticals | $21.96 | Health Care | 3.5% | 159.9% | |
Pro Medicus | $192.81 | Health Care | 3.5% | 142.9% | |
Ventia Services | $4.63 | Industrials | -0.4% | 66.6% | |
Qantas Airways | $7.37 | Industrials | 2.8% | 53.9% | |
NRW Holdings | $3.69 | Industrials | 1.7% | 40.8% | |
Brambles | $19.08 | Industrials | -0.5% | 33.8% | |
HMC Capital | $9.28 | Real Estate | 5.0% | 100.0% | |
Charter Hall Group | $16.04 | Real Estate | 2.1% | 77.2% | |
Goodman Group | $36.56 | Real Estate | 0.3% | 73.6% | |
Life360 Inc | $21.62 | Technology | 3.7% | 173.7% | |
Siteminder | $6.69 | Technology | -0.7% | 67.3% | |
Technology One | $24.16 | Technology | -2.3% | 59.2% | |
REA Group | $223.81 | Telecommunication | 2.7% | 44.9% |
Data shows any stock to have hit a 52-week high in the past week. Data is sorted by Sector and 1-year performance. Share price and performance as at Friday 18 October 2024
ASX 200 stocks at 52-week lows
Ticker | Company | Close | Sector | 1 Week | 1 Year |
|---|---|---|---|---|---|
Flight Centre | $17.20 | Discretionary | -21.4% | -3.2% | |
Web Travel Group | $4.20 | Discretionary | -40.3% | -31.6% | |
IPH | $5.55 | Industrials | -1.9% | -20.7% | |
APA Group | $7.16 | Utilities | -6.4% | -10.7% | |
Spark New Zealand | $2.76 | Telecommunication | -0.7% | -39.5% | |
IDP Education | $13.76 | Discretionary | -7.5% | -34.6% | |
Ampol | $28.64 | Energy | -4.0% | -8.8% |
Data shows any stock to have hit a 52-week low in the past week. Data is sorted by Sector and 1-year performance. Share price and performance as at Friday 18 October 2024
