Buy, hold, sell: Copper, gold, and lithium ASX stocks

If you are wanting to invest in the mining sector, but aren’t sure which ASX stocks to buy or avoid, then read on.

That’s because analysts have just given their verdict on these ASX mining stocks, courtesy of The Bull.

Here’s what they are saying:

Capstone Copper Corp (ASX: CSC)

The team at Medallion Financial Group thinks that this copper miner is a hold.

Although it believes that Capstone is well-positioned to benefit from higher long term copper prices, it isn’t enough for a buy recommendation just yet. It said:

The company provides exposure to one of the strongest long term commodity themes — increasing copper demand driven by electrification, energy transition and global infrastructure investment. The company produces about 200,000 tonnes of copper equivalent annually, and has a pipeline of expansion projects capable of materially increasing production over time.

With copper supplies expected to tighten structurally in coming years, Capstone is well positioned to benefit from higher long term prices. While capital expenditure remains elevated during the expansion phase, the growth outlook is compelling. Investors already positioned in the stock should continue to hold exposure to what we regard as an appealing long term copper growth story.

Kingston Resources Ltd (ASX: KSN)

Over at Alto Capital, it has named Kingston Resources shares as a buy this week.

It likes the gold explorer due to its strong balance sheet, improving operational momentum, and multi-metal exposure. It explains:

Kingston Resources is advancing the Mineral Hill gold and base metals operation in New South Wales, where recent underground drilling has returned wide, high grade polymetallic intersections within the southern ore zone.

The results confirm encouraging gold, copper, lead, zinc and silver mineralisation in areas planned for near-term underground stoping, strengthening the existing mineral resource model and supporting mine planning. Selling the Misima gold project strengthened its balance sheet. With improving operational momentum and leverage to multiple metals, Kingston offers potential for a re-rating as Mineral Hill ramps up.

Liontown Ltd (ASX: LTR)

One ASX mining stock that Alto Capital isn’t positive on is lithium miner Liontown. It has named the company as a sell this week.

Although the broker thinks lithium has a positive long term outlook, it feels that Liontown shares are more than fully valued at current levels. It said:

LTR’s Kathleen Valley lithium project in Western Australia is one of the largest new hard-rock lithium operations globally. The company’s first half year result in fiscal year 2026 highlighted strong operational progress, with production ramping up and revenue increasing significantly from growing concentrate shipments. However, Liontown reported a net loss of $184 million, reflecting accounting charges and the ongoing costs associated with scaling up the operation.

While the long term outlook for lithium demand remains encouraging, the current share price appears to reflect a large portion of the project’s future growth potential. With earnings still developing and the company transitioning through a capital intensive ramp-up phase, the risk-reward balance at current levels favours taking profits following the sector’s recent re-rating.

The post Buy, hold, sell: Copper, gold, and lithium ASX stocks appeared first on The Motley Fool Australia.

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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.