S&P/ASX 200 Index (ASX: XJO) shares are down 0.6% to 8,642 points after missile strikes in the Strait of Hormuz.
The US and Iran fired on each other, and Iranian drones hit vessels from South Korea and the United Arab Emirates (UAE).
Iran also hit an oil port in the UAE, causing a large fire.
The four-week-old ceasefire is now in jeopardy as the US tries to restart shipping via US Navy escort under ‘Project Freedom’.
ASX 200 energy shares are leading the market today, up 1%, with technology not too far behind, up 0.8%.
Meanwhile, three experts give us their views on three ASX stocks.
Let’s check them out.
ASX 200 shares attracting buy ratings this week
Deep Yellow Ltd (ASX: DYL)
The Deep Yellow share price is $1.81, down 1.6% today and down 7.4% in the year to date (YTD).
On the The Bull this week, Michael Gable of Fairmont Securities explained his buy rating on this ASX 200 uranium share.
Gable said:
The uranium sector remains promising because demand should continue to outpace supply for the next few years.
Although the uranium price has edged higher in the past several months, I’m expecting a much bigger move to occur soon when utilities return to contract for future supplies.
This uranium developer, based in Namibia, appears cheap at these levels and it’s highly leveraged to any increase in the underlying uranium price.
Liontown Ltd (ASX: LTR)
The Liontown share price is $2.39, down 1.2% today and up 47% YTD.
Bell Potter has reiterated its buy rating on this ASX 200 lithium share and lifted its 12-month target from $2.42 to $2.65.
Liontown released its 3Q FY26 report last week.
After reviewing the report, the broker said:
LTR is now in a net cash position. Over FY26-27, LTR will continue to ramp up and de-risk Kathleen Valley.
With current lithium price strength, LTR can rapidly generate cash to support incremental production expansions and shareholder returns.
Kathleen Valley is highly strategic in terms of scale, long project life and location in a tier-one mining jurisdiction.
LTR has offtake contracts with top-tier EV and battery OEMs.
Alkane Resources Ltd (ASX: ALK)
The Alkane Resources share price is $1.45, down 1.9% today and up 46% over six months.
Bell Potter has renewed its buy rating on this ASX 200 gold share and lifted its target from $1.95 to $2.10.
In a new note, the broker said:
ALK offers multimine gold and antimony exposure across three attractive jurisdictions, a strong balance sheet and an operating platform focused on organic and inorganic growth options.
Valuation metrics are undemanding and we retain our Buy recommendation.
The post 3 ASX 200 shares to buy this week: Experts appeared first on The Motley Fool Australia.
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More reading
- Buy, hold, sell: Deep Yellow, IGO, and Viva Energy shares
- Is this ASX energy stock a buy, hold or sell following quarterly results?
- Here are the top 10 ASX 200 shares today
- The five best ASX 200 stocks to buy and hold in April revealed
- 5 ASX mining shares to buy: experts
Motley Fool contributor Bronwyn Allen 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.