Buy, hold, sell: Guzman Y Gomez, Lovisa, and Newmont shares

There are plenty of ASX shares to choose from on the Australian market.

To narrow things down, let’s take a look at a few that Morgans has been running the rule over recently.

Does it rate them buys, holds, or sells? Let’s find out:

Guzman Y Gomez Ltd (ASX: GYG)

Morgans remains positive on this quick service restaurant operator despite its poor performance in the US market.

It continues to believe that the burrito seller can make a success of its global expansion. As a result, it has a buy rating and $24.00 price target on its shares. It said:

GYG came to market with a strategy for global expansion that was breathtakingly ambitious. The first big opportunity was the US. Unfortunately, the pace of network expansion in the US so far has been pedestrian and the restaurants it has opened have lost more money than expected. It was a further step-up in US losses that disappointed investors most today and caused group EBITDA to fall 7% short of our forecast.

We do believe global growth will click into gear at some point to complement a very healthy Australian business. We maintain a BUY rating, though our revised 12-month target sees the share price recovering to $24.00 rather than the $32.30 we had before. GYG has a bit to prove, but we can be certain it is going to give it all it’s got to ultimately realise its growth ambitions.

Lovisa Holdings Ltd (ASX: LOV)

Another expanding ASX share that Morgans has been looking at is fashion jewellery retailer Lovisa.

It was pleased with its performance in the first half of FY 2026. As a result, it has retained its buy rating on its shares with a $36.80 price target. It commented:

LOV reported a strong underlying 1H26 result with EBIT up 20.4%, ~6% ahead of our expectations, driven by store network growth and strong gross margins. During the period, the pace of store rollout continued with a net of 64 new stores in the period, bringing the total count to 1,095. We have increased our EBIT by 3%/1% respectively in FY26/27, driven by higher sales and gross margin offset by higher costs and D&A. We see the pull back in share price as a buying opportunity at ~23x FY27 PE. Our valuation lowers to $36.80 (from $40) and we retain our BUY recommendation.

Newmont Corporation (ASX: NEM)

This gold miner has caught the eye of Morgans. However, due to its current valuation, it has only put an accumulate rating and $187.00 price target on Newmont’s shares. It explains:

4Q25 earnings result was a material beat. Key positives: earnings well ahead of expectations and 2026 guidance in-line with expectations. Key negatives: no increase in per share dividend, elevated spend over next few years, limited clarity on when NEM intends to reach its 6Mozpa target. Move to an ACCUMULATE rating with a A$187ps Target Price.

The post Buy, hold, sell: Guzman Y Gomez, Lovisa, and Newmont shares appeared first on The Motley Fool Australia.

More reading

• If gold is a safe haven, why are ASX 200 gold stocks like Northern Star and Evolution Mining getting smashed this week?
• How I’d invest $20,000 in the ASX share market right now
• 5 things to watch on the ASX 200 on Friday
• 32 ASX shares about to go ex-dividend
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor James Mickleboro has positions in Lovisa. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Lovisa. The Motley Fool Australia has recommended Lovisa. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.