02/07/2026 09:25

Sims Ltd (SGM) $26.00

Global metals recycling and resource recovery company Sims slipped (-5.7%) on Wednesday just 24-hours after we covered the stock here, liking the risk/reward in the $26-27 area, where it closed yesterday.

Read more

30/06/2026 09:12

Sims Ltd (ASX: SGM) $28.00

Global metals recycling and resource recovery company Sims has surged +56% through 2026 with this time the AI build-out being a driving factor, which we touched on when they upgraded earnings earlier in the year here. As is so often the case in both upgrade and downgrade cycles, things can repeat, and SGM lifted guidance again this month:

Read more

18/03/2026 15:35

Sims (SGM) surges on AI build out

Sims (SGM) shares surge ~9% higher after forecasting a Big Jump in 2H earnings.

Read more

17/02/2026 17:05

Sims Metal Group (SGM) $20.42

SGM –4.04%: reported an improvement in underlying earnings for the half, but the result came in slightly below expectations, with the market focused on ongoing weakness in export markets tied to record-high Chinese steel exports. 

Read more

25/03/2025 09:49

Sims Ltd (SGM) $15.45

Metals recycling firm Sims turned the corner last year courtesy of a strong performance from its North American division. However, we believe the “easy wins” are now behind them.

Read more

20/09/2024 09:22

Sims Ltd (SGM) $12.40

Metals recycling firm Sims reported improved first-quarter performance in its North American division, sending its stock up +12.4%. Despite ongoing challenges, in Australia and New Zealand, the metals businesses are forecast to deliver an Est. Ebit of ~$55mn in 1Q FY25 – ahead of expectations, with their North American operations the key driver.

Read more

13/06/2024 08:51

Sims Ltd (SGM) $10.47

Scrap metal company SGM's stock fell 33% in the first half of 2024 without any meaningful respite. We believe the business's cyclical backdrop is approaching a bottom, but the market’s confidence is low after the recent fall in primary non-ferrous prices. We like the business's change in focus towards increasing domestic ferrous sales and sacrificing volumes for higher margins, as it will reduce reliance on weaker export markets.

Read more

28/05/2024 09:10

Sims Ltd (SGM) $10.87

Scrap metal company SGM slipped 2.5% on Monday, taking its decline year-to-date to almost 30%. The company delivered a disappointing update earlier this month, driving the stock down to fresh multi-year lows, and it clearly remains in the naughty corner. While we believe the cyclical backdrop for the business is approaching a bottom, the company must remain diligent in its ongoing cost-out path as the market's confidence is low even after the recent run in primary non-ferrous prices.

Read more

11/09/2023 16:45

Sims Limited (SGM) $13.79

SGM -10.63%: Shares in the scrap metal trading company fell to 8-month lows today after the company warned the market of softer earnings early in FY24. They expect EBIT in the first quarter to be around breakeven while a bounce back is unlikely in the second quarter given weakening volumes in the North American market.

Read more

05/09/2023 09:04

Sims Ltd (SGM) $15.73

Metal recycling business SGM outperformed on Monday closing up +2.9% as bullish sentiment  flowed from China, today we have looked for stocks that could add 20-30% into Christmas and while SGM does fit this profile we weren’t overly impressed with last months earnings report which were solid for FY23 but we felt the outlook for FY24 was muted at best i.e. there are better ways to “play” an improvement in ferrous scrap prices.

Read more