Why DroneShield, Newmont, ResMed, and Vulcan Energy shares are storming higher

These shares are starting the week strongly. But why?

| More on:
A woman with strawberry blonde hair has a huge smile on her face and fist pumps the air having seen good news on her phone.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) has fought back from a soft start and is pushing higher. At the time of writing, the benchmark index is up 0.2% to 8,225.8 points.

Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher:

DroneShield Ltd (ASX: DRO)

The DroneShield share price is up over 2% to 94.5 cents. This appears to have been driven by a broker note out of Shaw and Partners. According to the note, the broker has retained its high risk buy rating on the counterdrone technology company's shares with a trimmed price target of $1.20. Although it was a touch disappointed with DroneShield's quarterly update, it has seen enough to remain positive. The broker highlights that the company has a robust sales pipeline and significant inventory position. The latter leaves DroneShield well-placed to handle big orders at short notice.

Newmont Corporation (ASX: NEM)

The Newmont Corporation share price is up 3% to $72.95. This gold miner's shares were sold off last week following the release of its quarterly update. Macquarie highlights that management's guidance is what spooked the market, with its quarterly performance largely in line with expectations. While somewhat disappointed with its guidance, it believes the selling has created a buying opportunity for investors. Macquarie has retained its outperform rating with a reduced price target of $80.00.

ResMed Inc. (ASX: RMD)

The ResMed share price is up 3% to $38.88. This also appears to have been driven partly by a broker note out of Macquarie. This morning, the broker has retained its outperform rating on the sleep disorder treatment company's shares with an improved price target of $41.10. Macquarie highlights that ResMed delivered a quarterly profit ahead of expectations last week. In addition, it was pleased with the company's operating leverage and free cash flow generation, and has lifted its earnings estimates and valuation to reflect this.

Vulcan Energy Resources Ltd (ASX: VUL)

The Vulcan Energy share price is up 7% to $4.90. This morning, this lithium developer revealed that ratings agency S&P Global Ratings has awarded it a Dark Green sustainability rating. This is the highest ever received by a metals and mining company globally. Vulcan was also awarded a Dark Green rating across the Green Enabling Project and Renewable Energy categories. Vulcan's CFO, Felicity Gooding, commented: "A world-first Dark Green global rating by S&P for a resources company has reaffirmed Vulcan's sustainability credentials, coming at an important time in Phase One Project financing."

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Motley Fool contributor James Mickleboro has positions in ResMed. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield, Macquarie Group, and ResMed. The Motley Fool Australia has positions in and has recommended Macquarie Group and ResMed. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Gainers

Businessman smiles with arms outstretched after receiving good news.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a wonderful Wednesday session for investors today.

Read more »

A man with a wide, eager smile on his face holds up three fingers.
Gold

3 reasons this ASX 200 gold mining giant could soar higher into 2026

A leading expert forecasts more outperformance from this surging ASX 200 gold stock.

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Share Gainers

Why Adriatic Metals, Catapult, Seek, and TechnologyOne shares are racing higher today

These shares are having a good time on hump day. But why?

Read more »

A woman's hand draws a stylised 'Top Ten' on a projected surface.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX shares returned to positive territory this Tuesday.

Read more »

Overjoyed man celebrating success with yes gesture after getting some good news on mobile.
Share Gainers

Why Breville, Clarity, EOS, and TechnologyOne shares are racing higher today

These shares are having a strong session on Tuesday. But why?

Read more »

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

ASX investors had a rough start to the week today.

Read more »

A person in a gorilla suit leaps really high holding a banana, nearly doing the splits.
Share Gainers

Up 1,238% in a year, why is this ASX gold stock surging again on Monday?

The ASX gold stock is now well into ten-bagger range and still rising fast today.

Read more »

A happy investor sits at his desk in front of his laptop and does the mexican wave with his arms to celebrate the returns from his ASX dividend shares
Share Gainers

Why EOS, Gorilla Gold, Lendlease, and OFX shares are charging higher today

These shares are starting the week on a positive note. But why?

Read more »