If you are looking for exposure to the mining sector this week, then it could be worth hearing what the team at Fairmont Equities is recommending, courtesy of The Bull.
Let’s see what the equities firm is recommending to Aussie investors:
Betashares Global Uranium ETF (ASX: URNM)
The first ASX mining share that Fairmont Equities is tipping as a buy this week is actually an exchange traded fund (ETF).
The Betashares Global Uranium ETF provides investors with exposure to leading global stocks that are involved in the mining, exploration, development, and production of uranium, modern nuclear energy, or that hold physical uranium or uranium royalties.
Fairmont Equities thinks it would be a good option for investors given its positive view on the outlook for uranium. This is especially the case given a recent pullback in the ETF’s unit price.
Commenting on the ETF, the equities firm said:
I remain positive about the outlook for the uranium sector. URNM provides exposure to a portfolio of mining, exploration and development companies in the global uranium industry. URNM stock rose from $6.34 on April 3, 2025 to $15.24 on January 29, 2026.
The stock was trading at $12.31 on April 2, 2026. The recent dip provides investors with another buying opportunity. We expect demand for uranium to exceed supply in the years ahead, particularly as countries diversify their energy sources away from fossil fuels.
New Hope Corporation Ltd (ASX: NHC)
Another ASX mining share that could be a buy according to Fairmont Equities is coal miner New Hope.
The equities firm believes that demand for coal will remain strong, especially given the war in the Middle East. As a result, it thinks that New Hope is well-positioned to profit from this strong demand.
It also highlights that recent trading patterns are favourable, which it thinks points to significant upside potential.
Commenting on the mining share, Fairmont Equities said:
I have been bullish on this thermal coal producer for several months. I believe global demand for coal will remain elevated. The conflict in the Middle East is lifting demand for thermal coal, with countries, such as Japan, increasing coal-fired power generation to offset instability in gas markets. During the past few weeks, NHC shares broke out of a bullish technical pattern on strong volume, which implies significant upside from here.
The post 2 ASX mining shares to buy: Expert appeared first on The Motley Fool Australia.
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More reading
- Why are shares in this uranium company surging today?
- 3 ASX ETFs to buy before the rally really takes off: expert
- These were the best-performing ASX 200 shares in March
- Why 4DMedical, New Hope, Santos, and St George Mining shares are dropping today
- 5 things to watch on the ASX 200 on Tuesday
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.