S&P/ASX 200 Index (ASX: XJO) shares are 0.6% higher at 8,668.6 points on Friday.

The ASX 200 fell to a four-month low yesterday amid falling oil prices and rising bond yields.

While expectations of another interest rate rise next month have cooled, many experts say a hike in 1Q FY27 is likely.

Amid the market weakness, experts are offering their advice on buy-the-dip opportunities.

They reckon the following stocks have great upside potential over the next 12 months.

Goodman Group (ASX: GMG)

The Goodman Group share price is $25.86, down 2.8% today.

Over the past six months, this ASX 200 property share has declined 1%.

Citi reiterated its buy rating on Goodman shares with a price target of $40.

This implies potential capital gains of 54% ahead.

WiseTech Global Ltd (ASX: WTC)

The WiseTech share price is $33.08, up 5.6% today.

Over the past six months, this ASX 200 tech share has fallen 13%.

Citi renewed its buy rating on WiseTech shares with a $58.75 price target.

This implies a potential 77% upside ahead.

Minerals 260 Ltd (ASX: MI6)

The Minerals 260 share price is 87 cents, up 1.8% today.

Over the past six months, this ASX 200 gold share has risen 28%.

Bell Potter reaffirmed its speculative buy rating on Minerals 260 shares with a 12-month target of $1.40.

This suggests a potential 67% upside ahead.

Analyst David Coates said:

MI6 has released an updated Mineral Resource Estimate (MRE), Pre-Feasibility Study (PFS) and maiden Ore Reserve Estimate (ORE) for its 100% owned, 6.2Moz Bullabulling Gold Project (BGP), 25km west of Coolgardie in WA.

These mark the delivery of key catalysts in line with MI6 guidance and major milestones in the advancement of the BGP towards development.

MI6 offers gold exposure via the 6.2Moz Bullabulling MRE, valuation uplift through discovery success, project advancement and de-risking as the BGP progresses towards production.

MI6 holds ~$250m cash, sufficient to fund to Final Investment Decision (FID) in early CY27, long-lead items and early site works.

Mineral Resources Ltd (ASX: MIN)

The Mineral Resources share price is $50.89, up 2% today.

This ASX 200 mining share has fallen 3% over the past six months.

UBS renewed its buy rating on the stock with a $74 target.

This implies potential capital growth of 45% over the next year.

REA Group Ltd (ASX: REA)

The REA share price is $154.62, up 0.3% today.

Over the past six months, this ASX 200 communications share has traded steady.

Jefferies reiterated its buy call on REA shares with a $194 price target.

This suggests a potential 25% upside ahead.

The post 5 ASX 200 shares brokers tip to rocket 25% to 77% appeared first on The Motley Fool Australia.

More reading

• Should I buy WiseTech Global shares in October?
• Goodman Group vs Charter Hall: Which ASX REIT pays better income?
• Here are the top 10 ASX 200 shares today
• 7 ASX mining shares with 11% to 158% upside ahead: experts
• 6 ASX shares upgraded by experts amid a weak market 

Citigroup is an advertising partner of Motley Fool Money. 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 positions in and has recommended Goodman Group, Jefferies Financial Group, and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool Australia has recommended Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The performance of True North Copper Ltd (ASX: TNC) shares over the past year has been underwhelming to say the least, but the analyst team at Morgans is tipping that’s about to change.

They have just issued a new research note on the company, assigning a speculative buy rating and a very bullish share price target, which I’ll get to shortly.

So what’s getting them all excited?

Queensland projects progressing well

True North has two projects in development: Mt Oxide and Cloncurry, both in Queensland.

Just this week, the company announced further high-grade copper and gold exploration results at Cloncurry, building on the mineral resource announced in September of 152,000 tonnes of copper and 171,000 ounces of gold.

True North is expecting to complete a prefeasibility study on the Cloncurry project later this year.

The company said the recent drilling results showed the potential for further near-mine extension opportunities.

The company added:

Further drilling in late 2026 and into 2027 will target near mine exploration and resource extension opportunities, with the potential to grow the resource and further optimise value across the broader Cloncurry Copper Project.   

Broker likes what it sees

Morgans said True North was well-positioned, with the region likely poised for a wave of consolidation.

Long fragmented between underutilised mills and mill-constrained juniors, Cloncurry is now seeing long-anticipated consolidation gain momentum. Evolution Mining has agreed to acquire Carnaby Resources ($213m, scheme), citing latent mill capacity at Ernest Henry. Austral Resources Australia has beaten Larvotto Resources to a binding scheme for Hammer Metals ($80.7m), and AIC Mines has agreed to acquire Materra Metals (Mt Cuthbert) for $120m (~$488/t contained Cu). We see this as supportive for TNC. It validates the strategic value of Cloncurry copper gold inventory, provides fresh regional transaction benchmarks and highlights the scarcity of what TNC already holds: resources on granted mining leases alongside permitted processing infrastructure.

Morgans said the company had plenty of options for how to develop its projects, given the available infrastructure in the region.

The broker has a price target of $1.31 on True North shares, compared to the current price of 33.5 cents.

If achieved, this would constitute a 291% increase in value.

Morgans said further:

We view TNC as a compelling emerging copper opportunity, anchored by its flagship Mt Oxide project, with the Cloncurry Copper Project (CCP) providing a complementary near-term development pathway on granted leases with existing infrastructure. Further Mt Oxide drilling and the CCP prefeasibility study in late 2026 are among multiple catalysts over the next 12 months that could build scale, de-risk the portfolio and narrow TNC’s valuation discount to peers.

True North Copper is valued at $62.9 million.

The post Morgans tips 290% upside for this up-and-coming ASX copper company appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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.

The Fortescue Ltd (ASX: FMG) share price is trading around $16.29 on Friday, only slightly above its 52-week low of $16.13.

At first glance, that might look like an attractive entry point for one of Australia’s biggest miners.

But I think the valuation needs a closer look before calling the shares cheap.

Cheap based on past earnings

Fortescue generated earnings per share (EPS) of $1.71 in FY26. Against today’s share price, that puts the stock on a price-to-earnings (P/E) ratio of roughly 9.5 times.

That certainly looks inexpensive. The company also paid $1.08 per share in dividends for FY26, which represents a high trailing dividend yield at the current share price.

The problem is that analysts are not expecting those earnings or dividends to hold.

Consensus forecasts point to EPS falling to $1.33 in FY27, then to $1.21 in FY28, and to $1.12 in FY29.

That changes the valuation considerably. At $16.29, Fortescue is trading on around 12 times FY27 earnings, rising to roughly 13.5 times FY28 earnings and about 14.5 times FY29 earnings.

So the further out I look, the less obvious the bargain becomes.

The dividend tells a similar story

The income outlook follows the same direction.

Consensus forecasts point to dividends of 85 cents per share in FY27, 76.8 cents in FY28, and 70 cents in FY29.

Those would still provide reasonable yields at today’s price, but they are a long way below the $1.08 paid in FY26.

For income investors, I think that is important. A high historical yield can look tempting, but what ultimately counts is what Fortescue can afford to distribute from future earnings.

Right now, the market expects both profits and dividends to decline.

What could push the Fortescue share price higher?

For me, the key would be a change in the earnings trajectory.

If consensus forecasts remain where they are, I struggle to see why investors would suddenly pay a much higher earnings multiple for Fortescue.

A stronger iron ore price could change that picture, as could better-than-expected production, costs, or progress elsewhere in the business.

But based on the numbers currently expected, the company would be earning far less in FY29 than it did in FY26.

That makes it difficult for me to build a strong re-rating case.

Would I buy Fortescue shares?

I would stay on the sidelines for now.

I think Fortescue is more of a hold than a sell at $16.29. The valuation is not excessive, and existing shareholders may still be comfortable owning the business through the commodity cycle.

But if I were putting fresh money into the resources sector, I would prefer BHP Group Ltd (ASX: BHP) shares.

BHP gives investors exposure to both iron ore and copper, which provides a broader mix of commodity drivers and, in my view, a stronger long-term growth story.

Foolish takeaway

The Fortescue share price looks cheap based on FY26 numbers. The problem is that the forecasts are heading in the wrong direction.

Until I see signs that earnings can stabilise or start growing again, I think the shares are closer to fair value than bargain territory.

For now, I would hold rather than buy.

The post Is the Fortescue share price a cheap buy? appeared first on The Motley Fool Australia.

More reading

• Regis Resources vs Fortescue: Which ASX miner is the better buy?
• If I invest $10,000 in Fortescue shares, how much passive income could I earn in FY27?
• Buy, hold, sell: Fortescue, Westpac, CSL shares
• If I buy $6,000 of Fortescue shares, how much dividend income will I receive?
• How much do I need in ASX dividend shares to receive $15,000 passive income per year?

Motley Fool contributor Grace Alvino 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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.