If you are looking for exposure to the booming gold price, then it could be worth considering the ASX 200 gold stock in this article.

That’s because despite rising 250% over the past 12 months, the team at Bell Potter believes there’s still very strong returns to come.

Which ASX 200 gold stock?

The gold stock that Bell Potter is recommending to clients is Minerals 260 Ltd (ASX: MI6).

It is a Perth-based exploration and development company behind the Bullabulling Gold Project (BGP).

Bullabulling has a mineral resource estimate of 6.2Moz at 1.0g/t Au and a recently completed pre-feasibility study outlines a compelling development case for production of 150,000 ounces per annum at an all-in-sustaining-cost of A$2,520 per ounce over a 19 year mine life. 

Bell Potter notes that the ASX 200 gold stock received an additional investment from Franco-Nevada (NYSE: FNV) this month. The broker believes “this represents a strong endorsement by one of the world’s most credible, capable and successful gold investment companies.”

In addition, Bell Potter highlights that the deal significantly de-risks the development of the BGP. It explains:

Following the deal, pro-forma cash will be ~$633m against an estimated $855m pre-production capital requirement per the PFS. A funding gap of ~$250-$300m is expected to be covered by project finance debt. Non-binding term sheets exceeding this requirement have already been received, credibly de-risking the development funding requirement ahead of the Final Investment Decision (FID) planned for 1QCY27. 

This removes near-term financing overhang that can weigh on developer share prices pre-FID. It also puts MI6 in a strong position to negotiate competitive, hedge-free terms for its debt. MI6 has a demonstrated strategy of using its strong funding position to de-risk its development schedule and budget via early commitment to water infrastructure, grade control drilling, camp construction and personnel buildout.

Should you invest?

According to the note, Bell Potter has retained its buy rating on the ASX 200 gold stock with a slightly improved price target of $1.45 (from $1.40). 

Based on its current share price of 84 cents, this implies potential upside of almost 73% for investors over the next 12 months.

Commenting on its buy recommendation, the broker said:

MI6 offers gold exposure via the 6.2Moz BGP, valuation uplift through discovery success, project advancement and de-risking as the BGP progresses towards production. MI6 is now largely funded to develop the BGP and on track to complete a DFS and make a FID in early CY27, plus secure long-lead items and commence early site works.

The post Up 250% in 12 months, Bell Potter says this ASX 200 gold stock can rise another 73% appeared first on The Motley Fool Australia.

More reading

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• Here are the top 10 ASX 200 shares today

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 recommended Franco-Nevada. 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.

If you are looking for new additions to your portfolio, then it could be worth listening to what analysts are saying about the popular ASX 200 shares named below, courtesy of The Bull. 

Here’s what they are recommending this week:

BHP Group Ltd (ASX: BHP)

Fairmont Equities thinks that this mining giant could be an ASX 200 share to buy.

It believes commodities markets are still only in the early stages of a bull run, which bodes well for BHP and its share price. It explains:

I believe commodities markets are in the early stages of a bull run, leaving BHP’s share price in a prime position to move higher. Copper now generates most of BHP’s earnings after it produced almost 2 million tonnes in full year 2026. The company should also benefit from constrained global supplies of copper.

Iron ore is also a significant contributor to full year earnings. The company posted an attributable profit of $US9.8 billion in full year 2026, up 9 per cent on the prior corresponding period. We view any share price dips as a buying opportunity.

CSL Ltd (ASX: CSL)

Over at Red Leaf Securities, its analysts believe CSL shares are a buy this week.

It notes that CSL’s outlook is improving and sees scope for its shares to move higher. Red Leaf said:

CSL’s recovery is gaining momentum after forecasting underlying profit growth guidance of about 5 per cent in fiscal year 2027. Guidance exceeded market expectations. Immunoglobulin sales improved in the second half of fiscal year 2026 amid the company announcing a further share buy-back of $1.1 billion. The outlook for this global health care company is improving after prolonged underperformance. 

CSL shares have risen from $92.24 on June 3 to trade at $179.19 on September 24. Successfully meeting or exceeding its targets leaves room for a potentially higher share price considering the stock was trading above $300 in calendar year 2024.

Woodside Energy Group Ltd (ASX: WDS)

The team at Red Leaf Securities is also positive on energy giant Woodside and has named it as an ASX 200 share to buy.

Red Leaf likes Woodside due to its exposure to elevated energy prices. It explains:

Woodside offers exposure to recent elevated global energy prices amid supply disruptions and continuing Middle East tensions. Stronger realised prices should support near term cash flow and dividends. A major risk is an easing of geopolitical tensions and a corresponding fall in crude oil prices. 

However, the company delivered a solid interim result. Operating revenue of $7.446 billion in the first half of 2026 was up 13 per cent on the prior corresponding period. Underlying net profit after tax of $1.334 billion was up 7 per cent. The Scarborough energy project is almost completed.

The post Experts name 3 popular ASX 200 shares to buy this week appeared first on The Motley Fool Australia.

More reading

• Expert names Woodside and BHP shares as top buys today
• Should I buy BHP shares in October?
• Here are the top 10 ASX 200 shares today
• 3 cheap ASX shares I would buy now
• Buy, hold, sell: Xero, South32, Woodside shares

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

I’m always on the lookout to buy pieces of Australia’s top shares. Premier Investments Ltd (ASX: PMV) is one of the stocks heavily on my radar.

Following divestment of numerous apparel brands to Myer Holdings Ltd (ASX: MYR), there are now three businesses within the Premier Investments business – Peter Alexander, Smiggle and a stake in Breville Group Ltd (ASX: BRG).

The recent FY26 results highlighted both the problems and opportunities the business is currently facing.

Resilient earnings generation

It reported operating profit (EBIT) from its retail division of $175.9 million, while group profit before tax (PBT) came to $211.1 million.

Smiggle sales were down 12.9% to $230.2 million, amid a 13% reduction in store numbers to 268 since the start of FY25.

Smiggle is trying to reclaim the six to 12-year-old customer market through a refreshed product, better marketing and visual merchandising to drive sustainable and profit growth.

Peter Alexander is certainly the highlight of the business – it grew sales by 3.2% to $565.3 million.

The launch of a ‘Peter’s Dreamers’ – a loyalty program – in October 2025 continues to exceed management’s expectations with the program attracting over 1.4 million customers in the first 10 months.

Peter’s Dreamers customers contributed more than 60% of brand sales during FY26, at an average transaction value of more than 40% above non-members. Management suggested there are further opportunities to provide increased data and insights to enhance the customer experience.

New store opportunities

I think its expansion potential is key to why it’s one of Australia’s top shares.

Pleasingly, during FY26, the company opened four new stores and expanded or relocated five others, with further investment in fit-outs. At least five new store openings and one relocation/expansion are confirmed for the first half of FY27.

Additionally, the company identified 15 more opportunities for both new and larger-format stores in existing markets to better showcase its broader product offering.

While the UK expansion didn’t work out as intended, Peter Alexander continues to explore international wholesale opportunities with ‘global best-in-class’ wholesale partners.

This article isn’t about Breville, but I’m also confident about the long-term prospects of that business with how it’s expanding overseas in markets like China and South Korea. This could be an important driver for the Breville share price as well as potentially increasing the Breville dividend in the coming years.

Premier Investments share price valuation

According to the projection on Commsec, the Premier Investments share price is valued at just 12x FY27’s estimated earnings. It could pay a FY27 grossed-up dividend yield of 9.5%, including franking credits, at the time of writing.

Given how Peter Alexander could continue to grow in the coming years, I think the company’s valuation is very cheap right now, especially given the rewarding dividend yield.

I think it’s one of Australia’s top shares to buy right now.  

The post A rare buying opportunity in 1 of Australia’s top shares? appeared first on The Motley Fool Australia.

More reading

• 3 ASX shares tipped to return 38% to 60%
• 2 strong Australian stocks to buy now with $9,000
• Top brokers name 3 ASX shares to buy next week
• Premier Investments vs Myer: Which ASX Retail Stock is Best?
• This ASX 200 share offers 30% upside and a 7% yield

Motley Fool contributor Tristan Harrison has positions in Breville Group. 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 Myer and Premier Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.