Lithium and gold: Bell Potter says these ASX 200 mining stocks are buys

If you’re wanting some exposure to the mining sector, then it could be worth checking out the two ASX 200 mining stocks listed below.

These miners have just been named on Bell Potter’s favoured list for the month of February. Here’s what the broker is saying about them:

Arcadium Lithium (ASX: LTM)

Investors looking for lithium options may want to consider Arcadium Lithium. It is the lithium giant that was formed following the merger of Allkem and Livent Corp.

Bell Potter likes the company due to its diverse operations, robust balance sheet, and strong growth potential. It explains:

LTM provides the largest, most diversified exposure to lithium in terms of mode of upstream production, asset locations, downstream processing and customer markets. It is a key large-cap leverage to lithium prices and sentiment, which we expect to improve over the medium term. The group has a strong balance sheet and growth portfolio.

Bell Potter has a buy rating and lofty $12.10 price target on its shares.

Regis Resources Ltd (ASX: RRL)

Another ASX 200 mining stock that Bell Potter is bullish on is gold miner Regis Resources.

It likes the company due to its Australia-based portfolio and growth opportunities. It also believes the company could become a takeover target in the future. It said:

As one of the largest ASX listed gold producers, we are attracted to its all Australian asset portfolio and organic growth options which are unique at this scale. Furthermore, we see key opportunities in the fundamental, medium-term outlook and, in our view, these may also make RRL an appealing corporate target in the current conducive M&A environment.

Bell Potter has a buy rating and $2.60 price target on its shares.

The post Lithium and gold: Bell Potter says these ASX 200 mining stocks are buys appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Core Lithium and 2 other ASX 200 lithium shares plunging to 52-week lows
• 5 things to watch on the ASX 200 on Tuesday
• Fewer ASX IPOs in 2023, but here’s how they’ve performed
• Why AGL, Arcadium Lithium, Chalice Mining, and Nickel Industries shares are falling

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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