Shares of NRW Holdings (ASX:NWH) surged as much as 2.8% to A$2.715, marking their largest intraday gain since September 28.

The company, a provider of diversified contract services, announced it has secured contracts totalling approximately A$200 million ($128.38 million).

The shares touched their highest level since October 3 and appear to be on course for a second successive session of gains, a trend that is expected to sustain.

As of the last close, NRW Holdings has experienced a decline of 6.1% in its stock for the year to date.

NRW Holdings is a diversified contract services corporation.

Financial analysts from Citi and Morgan Stanley have registered mixed perspectives on Rio Tinto’s Pilbara site visit.

Citi suggests the company’s CY24 production guidance for 323-338mt of iron is slightly under brokerage expectations.

Contrarily, Morgan Stanley indicates that the company’s 3Q23 actual production and shipments align with estimates.

They note that Rio Tinto’s midterm shipments guidance would likely necessitate Rhodes Ridge development to guarantee delivery, according to Citi.

Additionally, while Morgan Stanley acknowledges escalating company cost drivers, the increase is happening at a reduced rate.

Rio Tinto anticipates an average annual expenditure for fiscal years 24 through 26 of US$3.8bn, with this total estimate aligning with Morgan Stanley’s expectations.

Among 14 analysts, nine rate the stock as ‘buy’ or higher, five maintain a ‘hold’ position, and their median price target is A$122.0, as per LSEG data.

Rio Tinto’s stock underwent a slight increase of 0.1%, although it has dipped nearly 2.6% this year leading up to the most recent close.

Rio Tinto (ASX:RIO) is multinational mining company specializing in minerals, metals, and diamonds.

According to Macquarie, 29Metals' (ASX:29M) financial risk has lessened following its equity raise.

The share price of the Australian metals company has plummeted to all-time lows since its IPO in July 2021, but the balance sheet risk has seen an improvement following the equity raise.

The brokerage has set a price target of A$0.80 for the precious metals miner, ranking it at ‘outperform’.

With the equity raise of A$151 million, Macquarie reported that 29Metals is well positioned to continue their Capricorn recovery plan with a significant upside at spot prices.

Further, the equity raise is said to largely drive 46% to 52% EPS upgrades in CY23-CY24.

The company’s stock is currently up by 6.1% at A$0.6525.

Among ten analysts, three rate the stock ‘buy’ or higher, five suggest ‘hold’ and two advise ‘sell’ or lower with their median price target at A$0.79.

As of the last close, the 29Metals' stock was down 67% YTD.

29Metals (ASX:29M) is a precious metals miner.

Analysts from Macquarie have lowered their Price Target on money manager Magellan Financial Group (ASX:MFG) from A$9 per share to A$7 per share.

Macquarie believes that Magellan’s recent fall in their share-price indicates a higher risk of further outflows.

In a stark drop, Magellan’s share price fell by over 17% on Friday to reach a decade low.

This was observed to coincide with a decrease in their assets under management for the eighth month in a row.

Macquarie has subsequently made revisions to their earnings forecasts for Magellan, with a decrease of 7.1% for FY24 and 10.3% for FY25.

Currently, Magellan’s market performance mirrors the broader market and the company’s share prices have increased by 3.3%.

Despite this, the stock has gone down by 23.3% this year as of the most recent market close.

Magellan Financial Group is an Australian money management firm.

Macquarie, an investment firm, has expressed the view that the acquisition of Saverglass by Australia’s Orora (ASX:ORA) will accelerate the company’s earnings growth profile.

Macquarie has set a price target of A$3.40 for the packaging company, rating it as an ‘Outperform’.

The firm stated that the acquisition of Saverglass would propel Orora further up the packaging value chain, particularly catering to the high-end ‘product-to-pack’ segment.

Macquarie predicts EPS growth of 14% and 12% for fiscal years 2025 and 2026, respectively.

This growth is expected to stem from a solid base business growth and contributions from Saverglass.

As it stands, Orora’s stock is currently up by 0.7% at A$2.79.

Out of 11 analysts, two rate the company’s stock as a ‘Buy’, nine maintain a ‘Hold’ rating, with a median price target of A$3.30 according to LSEG data.

Orora’s stock has seen a 2.6% growth Year-To-Date based on the last closing figures.

Notably, Orora is a packaging company based in Australia.

Mineral Resources' (ASX:MIN) Onslow iron ore project is expected to start generating cash in the near future, according to Citi analysts.

Mineral Resources has been developing the Onslow project in a joint venture partnership with members of the Red Hill joint venture in Western Australia.

The company’s stock recently saw a 0.9% increase, valued at A$60.

Citi noted that the company’s three-day investor tour reinforced the belief that the lithium miner is poised for growth in the upcoming years.

The brokerage mentioned that the weak pricing of lithium presents an opportunity for companies with a diversified lithium exposure and rated the stock a ‘buy’.

However, the stock has seen a decrease of 23% for the year up until the most recent close.

Mineral Resources is an Australian mineral resources company specializing in mining iron ore and lithium.

Eagers Automotive (ASX:APE) shares climbed as much as 1.8% to A$14.490, reaching their highest level since September 18.

The automotive retailer announced it has entered a non-binding agreement to acquire a large portfolio of dealerships and strategic properties situated across Melbourne and the Mornington region of Victoria.

The total purchase price is A$245 million ($157.39 million).

The company shares are trending upward for a second consecutive trading session.

Previously, Eagers Automotive (ASX:APE) stock was noted to be up by 31.2% YTD.

Eagers Automotive (ASX:APE) is an automotive retailer in the Australian market.

Origin Energy (ASX:ORG) shares witnessed a significant surge of up to 5.5%, reaching A$9.21, marking the stock’s highest point since August 2018.

Origin Energy became a takeover target for a group led by Canada’s Brookfield, and the A$15.35 billion ($9.84 billion) acquisition has just secured approval from Australia’s competition regulator.

Since March, when the consortium made their A$8.91 per share bid, the deal has undergone scrutiny from the Australian Competition and Consumer Commission.

With about 8.1 million shares trading hands, trading activity for Origin Energy is well above the 30-day average volume of 4.9 million.

It is worth noting that the company’s stock has appreciated by 13.1% YTD.

Origin Energy (ASX:ORG) is Australia’s second-largest power producer.

Shares of Australia’s Atlantic Lithium (ASX:A11) experienced a surge of 26.3%, reaching A$0.505.

This upward movement marks the company’s best trading day since November of last year, assuming the current gains persist.

Moreover, this stock price is the company’s highest since September 12.

The surge occurred after Atlantic Lithium announced that it received authorization from Ghana’s Environmental Protection Agency to reroute two transmission lines at the company’s Ewoyaa Lithium Project.

This diversion of lines will allow the company to commence preliminary works at the project, including the initial production of spodumene concentrate.

However, it should be noted that prior to this surge, the stock had dropped 35.5% this year up until its last close.

Atlantic Lithium is a lithium mining company based in Australia, focusing on the Ewoyaa Lithium Project in Ghana.

De.mem (ASX:DEM) made an announcement stating that Andrew Tay has been appointed as the new Chief Financial Officer (CFO).

This highlights the company’s effort in strengthening its top management, securing an experienced finance leader to guide their financial strategy and operations.

De.mem is a Singapore-based water and waste management company, specialising in the design, build and operation of decentralised water and wastewater treatment systems.