Large Cap Mining Stocks

Posted on | by Leon Hinde | Leave a Comment on Large Cap Mining Stocks

Mining – Best positioned: RIO, FMG, WHC and NHC.

Rio Tinto (RIO) should benefit from improved mining productivity and fewer weather-related disruptions during El Niño conditions, supporting stronger export volumes and margins. Over the next 1–3 years, additional growth from copper and lithium projects also provides leverage to electrification and AI infrastructure demand.

Fortescue (FMG) is highly leveraged to operational efficiency in the Pilbara, where dry conditions improve haulage, port throughput, and mine uptime. Its low-cost iron ore position and longer-term green energy optionality support a constructive medium-term earnings outlook.

Whitehaven Coal (WHC) is positioned to benefit from stronger coal export reliability and sustained global energy demand, particularly in Asia. The acquisition of BHP’s coal assets materially expands production scale and free cash flow generation over the next several years.

New Hope (NHC) combines low-cost coal production with strong leverage to improved operating conditions during dry weather periods. Macquarie highlights NHC as one of its preferred El Niño beneficiaries with supportive earnings momentum and consensus upgrades.

Mineral Resources (MIN) has one of the strongest growth outlooks because it benefits from both mining services activity and commodity production. Dry conditions improve contractor utilisation and operational efficiency, while its lithium exposure adds upside if battery material markets recover

James Hardie Industries

Posted on | by Leon Hinde | Leave a Comment on James Hardie Industries

James Hardie Industries is under Algo Engine buy conditions.

Full-Year FY26 Results – The building materials giant reported its FY26 full-year results this morning, beating underlying earnings guidance despite facing a challenging global macro environment.

Dividends: No dividend was declared or paid for the year.

Full-Year Net Sales: US$4.84 billion, up 25% (boosted by the AZEK acquisition). Siding & Trim organic sales decreased 2%. Statutory Net Profit: US$104.0 million, down 75% year-on-year, weighed down by restructuring charges, asbestos compensation claims, and AZEK integration costs. Adjusted EBITDA: US$1.27 billion, up 17%, exceeding the company’s prior guidance.

Outlook: For FY27, management targets pro forma Adjusted EBITDA growth of 4% to 8% (US$1.45–$1.50 billion) and free cash flow of at least US$500 million.