Stock Tips: Wine’s a bit off, but gold, copper and rare earth plays look tasty

It’s no easy gig analysing share prices and company performance but somebody’s got to do it. Every week two experts from our Share Tips columnist pool give us their recommendations. 

Sean Conlan – Leyland Private Asset Management

BUY

Metallium (ASX:MTM)

Rice University researchers have published peer-reviewed findings demonstrating a breakthrough method for recovering rare earth elements from end-of-life magnets using MTM’s Flash Joule Heating technology.

Auric Mining (ASX:AWJ)

Cash flow from gold production is providing support for larger mining operations and exploration. AWJ is now well placed to capitalise on the current heightened gold price.

HOLD

Catapult Group (ASX:CAT)

CAT provided a trading update as part of the announced acquisition of IMPECT and released preliminary results for 1HFY26 which were generally in line with our forecasts.

29Metals (ASX:29M)

 29M has had a third seismic event at Golden Grove during 3QCY25. As a result, zinc production guidance has been significantly reduced, along with a reduction in gold and silver guidance.

SELL

Treasury Wine Estates (ASX:TWE)

We continue to see downside risks to earnings in the near term given US wine distributor RNDC has revealed that it is sitting on ~A$100 million of TWE’s inventory.

Bank of Queensland (ASX:BOQ)

 BOQ is operating below the cost of capital as a sub-scale operator. Despite trading at 13x P/E and below book value, we still think BOQ is expensive.

Dylan Evans – Catapult Wealth

BUY

BHP (ASX:BHP)

Iron ore is now a mature business, but we see strong potential in the copper division which is rapidly approaching 50% of group earnings.

Transurban Group (ASX:TCL)

One of the few quality infrastructure assets available to Australian investors. Traffic volumes have been steady with some disruptions from major projects, but pleasingly TCL has continued to grow earnings through higher Tolls and lower costs.

HOLD

NextDC (ASX:NXT)

Demand for data centres is incredibly strong, with Next DC’s forward order book higher than its current capacity. Meeting this demand requires significant capital in the short term, but this investment should pay off long term.

Sonic Healthcare (ASX:SHL)

Sonic sold off significantly after releasing its 2025 result in August. While profitability was disappointing, revenue was up 8% and most other metrics were solid. We think this represents an opportunity.

SELL

Lynas (ASX:LYC)

Lynas has significant potential, but after a strong share price run it now has a market cap over $20bn, and a lot of this future potential priced in.

Treasury Wine Estates (ASX:TWE)

Treasury faces several headwinds, including longer term oversupply in Australian and the US, and what appears to be and shift away from alcohol consumption, particularly in the younger generations.

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