If you are hunting for ways to gain exposure to copper and gold outside the giants of BHP Group Ltd (ASX: BHP) and Newmont Corporation (ASX: NEM), then it could be worth considering the ASX stock in this article.

This is especially the case given how Bell Potter believes its shares could rise by over 200% between now and this time next year.

Which ASX copper and gold stock?

The stock that has caught the eye of Bell Potter is LinQ Minerals Ltd (ASX: LNQ).

It is a Perth based gold-copper exploration and development company whose primary asset is the Gilmore Gold-Copper Project. 

Bell Potter highlights that it hosts the full suite of Macquarie Arc intrusive related copper and gold systems and is prospective for a range of economic deposits including analogues to the nearby Northparkes, Cadia, and Cowal systems.

The broker was pleased with the ASX stock’s recent drilling results. It said:

These are strong first pass results from a maiden drill program that has delivered a 3 from 3 strike rate so far. The copper equivalent grades (and constituent gold and copper grades) are competitive with the Resource grades of large-scale copper-gold mines operating in Australia (Carrapateena, Northparkes and Cadia) and development projects such as Evolution Mining’s (EVN, Buy, TP $16.60/sh) Marsden. 

The testing of Monza is at an early stage and results from a further 5 holes from the maiden program are anticipated in the coming weeks. Further strong results could materially upgrade the prospectivity at Monza, see it prioritised by LNQ and gain recognition in the market.

Speculative buy with major upside potential

According to the note, in response to the drilling results, the broker has retained its speculative buy rating and 90 cents price target on the ASX copper and gold stock.

Based on its current share price of 28 cents, this implies potential upside of 220% for investors over the next 12 months.

To put that into context, a $2,000 investment would be worth $6,400 by this time next year if Bell Potter is on the money with its recommendation.

Commenting on its investment thesis, the broker said:

Our valuation is based on a blended EV per Resource ounce multiple and a risk adjusted notional mining scenario, both developed under conservative assumptions. We see the foundations of a competitive development project that is undervalued by the market. Current and planned drilling programs have the potential to highlight this and catalyse a re-rating. We retain our Speculative Buy recommendation.

The post Which ASX copper and gold stock could rocket 200%? appeared first on The Motley Fool Australia.

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

Telix Pharmaceuticals Ltd (ASX: TLX) shares closed 1.3% lower on Tuesday afternoon, at $15.78 a piece.

The decline means the shares have now fallen just over 9% over the past week, sparking concerns that the rebound is now over for Telix shares.

The biopharmaceutical stock tumbled to a multi-year low of $8.63 in mid-February, before recovering over 100% in early July.

The shares are now up around 39% for the year-to-date.

But they’re still roughly 33% lower than trading levels seen 12 months ago, and 48% lower than an all-time high recorded in early 2025.

What caused the rebound?

Telix shares turned a corner in February this year after a series of good-news announcements out of the biotech company. 

In late February, the company confirmed that it had filed for a key regulatory approval in Europe. 

Later in March, Telix posted several announcements about its growth and development plans. 

In early April, Telix announced that the FDA had accepted its NDA for TLX101-Px (Pixclara®) and also announced a major collaboration with US-based biotech company Regeneron Pharmaceuticals. 

It also announced a 56% increase in revenue and issued FY26 guidance in the range of US$950 million to US$970 million.

Then in early July, the company confirmed it has reached an agreement with the FDA to move ahead with the next part of its ProstACT Global Phase 3 study in the US, developed to target prostate cancer.

Why have Telix shares now started tumbling again?

It’s not clear why Telix shares have been tumbling over the past week. There has been no price-sensitive news out of the company to explain the latest sell off. 

It’s most likely a combination of investors taking gains off the table after a strong rally, and a shift in sentiment for ASX healthcare shares overall.

Reignition of conflict in the Middle East has caused a fresh wave of uncertainty across markets, with investors again rotating into more defensive sectors.

Is there any upside left for Telix shares?

According to the experts, there should be a lot more to come from Telix shares over the next 12 months.

TradingView data shows that 15 out of 16 analysts have a buy or strong buy rating on the shares. One more has a hold rating. They all agree we’ll see some upside ahead too.

The average $25.01 target price implies a potential 59% upside at the time of writing. But the more bullish of the bunch forecast the shares to rocket another 101% to $31.65 over the next 12 months.

Morgans has a $24.33 price target on the healthcare stock and said that industry consolidation could spark more interest in Telix shares.

The broker said that recent news flow on its convertible note refinancing, solid sales figures, and collaboration with Regeneron suggests there is plenty happening at Telix. 

There are also several potential milestones ahead for the company this year, including FDA clearance for its Zircalix kidney cancer imaging production and Pixclara for brain cancer imaging.

The post Down 9%: Is the rebound over for Telix shares? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 Telix Pharmaceuticals. The Motley Fool Australia has recommended Telix Pharmaceuticals. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Guzman Y Gomez (ASX: GYG) shares could be one of Australia’s top shares to consider right now. It could offer the right mix of revenue growth and rising profit margins to unlock great returns for investors.

In the future, it may be rare for GYG shares to trade at around $20, given how quickly the underlying business is growing. I also think the business is unlikely to fall more than 20% within 12 months, as it has done.

The Mexican food business looks like a good buy and one of Australia’s top shares for the following reasons.

Strong sales growth

I believe every great business needs to be able to deliver strong compounding. In other words, the company can justify excellent, sustainable share price returns because it’s increasing its intrinsic value at a good pace as revenue and earnings climb.

A company growing earnings at 2% per year is not going to cut it if we’re trying to outperform the market over the long-term.

GYG makes revenue from both its owned restaurants and the franchise ones. One of the best signs of the company’s financial progress is its growing total network sales, which is partly driven by its expanding network of restaurants across Australia and Asia.

We continued to see how quickly the business is growing in the FY26 third quarter.

Australian network sales grew by 19.7% year-over-year to $320.4 million, while Asian network sales grew by 18.7% to $21.5 million. Across Australia and Asia, its comparable sales growth was 6.6%, a strong rate of organic growth for existing restaurants.

That quarterly update also showed the total number of Australian restaurants grew by 14.7% year-over-year to 242, Singaporean restaurants grew by 15% to 23, and Japanese restaurants increased 25% to five.

In the ultra-long term, the company aims to reach 1,000 Australian locations over the next 20 years. It is expected to open 32 Australian restaurants in FY26, showing it’s making solid progress towards that long-term goal.

If its overall network sales can continue growing in the teens in percentage terms for the foreseeable future, it’ll very likely translate into rising profit, making it one of Australia’s top shares, in my view.

Growing profitability

Investors usually value a business based on how much profit it’s generating and could make in the future.

We’ve already seen that the company’s network sales are growing quickly and its profit is growing even faster. Operating leverage is a very powerful force for a great company.

In the FY26 half-year result, network sales grew 18% to $681.8 million, segment underlying operating profit (EBITDA) grew 23.3% to $33 million, profit before tax (PBT) grew 26.2% to $19.2 million and net profit grew 44.9% to $10.6 million.

That HY26 result saw the segment underlying operating profit (EBITDA) as a percentage of network sales improve by 0.6 percentage points to 6.1%. In the long-term, the company thinks this operating profit margin could improve to 10%, which would be a significant improvement over time and implies the bottom line can continue its fast growth.

Significant improvement of profit margins adds to my belief that this business is one of Australia’s top shares.

Valuation

According to Commsec’s projection, the company is valued at 32x FY28’s estimated earnings.

I think this is a great time to invest. But, it’s not the only ASX share with a very compelling future.

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

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Motley Fool contributor Tristan Harrison has positions in Guzman Y Gomez. 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.