Broker names the ASX 200 mining shares to buy now

If you’re wanting to invest in the mining sector, then you may want to look at the ASX 200 shares listed below.

These mining shares have recently been tipped as buys by analysts at Bell Potter. Here’s what the broker is saying:

Chalice Mining Ltd (ASX: CHN)

This mineral exploration company could be a mining share to buy according to Bell Potter.

It is a fan of the company due to its Julimar PGE-Ni-Cu-Au project in Western Australia, which is home to the hugely promising Gonneville deposit. Last year this deposit was confirmed as a world class discovery.

The broker also notes that recent drilling appears to indicate that the resource could be even larger than expected. It commented:

CHN has reported that drilling to test the results of a recently completed 2D seismic survey has successfully intersected the interpreted extension of the Gonneville deposit. […]  In our view, the drilling achieves two objectives: i.) confirms the material extension of Gonneville intrusion to the north, where it remains open; and ii.) validates seismic surveys as a highly effective exploration tool, particularly in combination with EM methods.

Bell Potter has a speculative buy and $11.73 price target on the company’s shares.

Nickel Industries Ltd (ASX: NIC)

Another ASX mining share that Bell Potter is bullish on its Nickel Industries.

The broker notes that it is emerging as a globally significant, low cost producer of nickel pig iron, which is a key ingredient in the production of stainless steel.

And with its shares currently trading at a 52-week low, the broker sees plenty of value here for investors. It recently commented:

While margins are proving to be more volatile than forecast, the underlying operations continue to demonstrate their profitability. NIC’s assets are long-life, bottom-of-the-cost-curve projects and are currently being priced for margins at the low point of the cycle. We expect NIC to continue to make money through this period and be highly leveraged to expanding margins as they recover. As such, we believe NIC is excellent value at these levels.

Bell Potter has a buy rating and $1.83 price target on its shares.

The post Broker names the ASX 200 mining shares to buy now appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
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• Why Chalice Mining, Core Lithium, Corporate Travel Management, and NIB are rising
• Why is the Chalice Mining share price up 10% and the best performer on the ASX 200 today?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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