Author: openjargon

If you are searching for big returns, then the ASX 200 shares in this article could be worth a look.

That’s because analysts are tipping these shares to rise at least 20% over the next 12 months.

Here’s what they are recommending this month:

Imdex Ltd (ASX: IMD)

The team at Morgans is bullish on this mining technology company and has named it as an ASX 200 share to buy.

It was impressed with its strong quarterly update and believes that there’s potential for the company to outperform for the full year. It said:

The 3Q update was strong with constant FX organic revenue growth of +26% YoY. While we pare back our FY26 revenue forecast slightly on FX, we make negligible changes to our EBITDA forecast ($164m +3% vs VA consensus $160m) as mix benefits offset the lower revenue. For FY27-28, we increase our earnings forecasts on confirmation of strong volume growth and recent capital markets activity. While we see capacity for a slight beat in August, in our view, outer year upgrades will be the key driver of the share price from here.

FY27 VA consensus revenue is muddled due to recent break-even acquisitions, however, FY27 EBITDA of $187m implies less than +10% organic revenue growth in the base business vs FY26 consensus EBITDA of $160m (assuming incremental margins of +40-50% and an incremental +$7m EBITDA YoY contribution from ALT/MSI). We forecast FY27 EBITDA of $200m (+7% vs $160m consensus).

Morgans has put a buy rating and $5.00 price target on its shares. Based on its current share price of $4.04, this implies potential upside of over 20% for investors over the next year.

Light & Wonder Inc (ASX: LNW)

Bell Potter thinks this gaming technology company could be an ASX 200 share to buy.

Although its first-quarter update was softer than expected, it believes this was due to one-offs. It said:

1Q26 represents a poor start to the year, however, we note that International shipments, the primary driver for the miss, is typically lumpy QoQ. We believe the decline in GO base install reflects a one-off occurrence that should benefit future quarters. Notwithstanding the continued disappointment in SciPlay revenue growth, which we now forecast flat YoY for FY26, we continue to believe improving game performance will support BPe and consensus forecasts across CY26-28e.

Bell Potter has retained its buy rating with a $190.00 price target. Based on its current share price of $114.64, this implies potential upside of 65% for investors over the next 12 months.

The post These ASX 200 shares could jump 20% to 65% appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• Brokers name 3 ASX shares to buy right now
• 7 ASX 200 shares just upgraded this week
• Down 35%: Is this ASX 200 share a strong buy now?
• 5 ASX 200 shares downgraded by experts this week

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 positions in and has recommended Light & Wonder Inc. The Motley Fool Australia has recommended Light & Wonder Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Generating a $5,000 a month retirement income from ASX dividend shares is a big target, so I think the best way to approach it is to break the numbers down step by step.

That starts with a simple question: How much income is needed each year, and what dividend yield could realistically deliver it?

Start with the annual income target

The first step is turning the monthly target into an annual number.

A retirement income of $5,000 per month means $60,000 per year.

From there, the amount needed depends on the dividend yield I can achieve.

A portfolio yielding 4% would require more capital, but it may also allow investors to focus on higher-quality ASX dividend shares with more room for growth.

A portfolio yielding 6% would require less capital, but I would be careful. A higher yield can be attractive, but it can also signal that the market is worried about the sustainability of the dividend.

That is why I think the right answer sits somewhere in the middle.

What the numbers look like

At a 4% dividend yield, an investor would need a portfolio of $1.5 million to generate $60,000 per year.

With an average 5% dividend yield, the required portfolio falls to $1.2 million.

And at a 6% dividend yield, it falls again to $1 million.

On paper, the 6% option looks tempting. But I would not want to build an entire retirement plan around chasing the highest yields available.

The danger is that a portfolio becomes too concentrated in riskier income shares. If one or two dividends are cut, the whole income plan can be thrown off.

Why I would target 5%

For me, a 5% yield feels like a more balanced target.

It is high enough to generate a meaningful income stream, but not so high that investors need to rely only on the most stretched dividend yields in the market.

A portfolio targeting 5% could include a mix of higher-yielding shares, more defensive income names, and dividend-focused ETFs.

For example, HomeCo Daily Needs REIT (ASX: HDN) could provide exposure to daily-needs property income, and Harvey Norman Holdings Ltd (ASX: HVN) could add a higher-yielding retail and property-backed income angle. 

The Vanguard Australian Shares High Yield ETF (ASX: VHY) could also help by spreading the exposure across a basket of dividend-paying ASX shares.

I would not rely on only those holdings. A retirement portfolio should be broader than that. But I think names like these show how a 5% yield target could be realistic with careful selection.

Do not forget dividend growth

Today’s income is only part of the story.

In retirement, I would want some dividend growth as well. Inflation can slowly reduce the purchasing power of $5,000 per month, so a portfolio that can lift its income over time is valuable.

That is where a mix matters.

Some ASX dividend shares may provide a higher yield now. Others may offer a lower starting yield but better long-term dividend growth. Combining both could make the income stream more resilient.

Foolish Takeaway

Based on a 5% dividend yield, an investor would need around $1.2 million in ASX dividend shares to target $5,000 per month in retirement income.

That is a large number, but I think it is best viewed as a long-term destination rather than a starting point.

By investing consistently, reinvesting dividends before retirement, and building a diversified portfolio, investors can gradually move closer to that goal.

The post How much do I need to invest in ASX dividend shares for a retirement income of $5,000 per month? appeared first on The Motley Fool Australia.

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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 positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended HomeCo Daily Needs REIT and Vanguard Australian Shares High Yield ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Artificial intelligence, or AI, has been the talk of the investing town, not just in Australia, but the world over. The incredible rise of this technology, whose applications are only just becoming evident, has taken the globe by storm. The largest companies on the planet are pouring unprecedented amounts of cash into building out their AI capabilities, and investors are taking notice. But what is the best way to invest in AI on the ASX? That’s what we’ll be discussing today.

AI’s potential uses are almost infinite. No one doubts that this technology will redefine business, the economy, and everyday life over the coming years.

But whilst this limitless horizon abounds with potential, the frontier that we find ourselves in also poses risks to investors.

Artificial intelligence: The internet of the 2020s?

After all, the early days of the internet also elicited huge investor interest. However, it was exceedingly difficult to pick the eventual winners of the internet before they became apparent. For every Alphabet and Amazon, there was a Yahoo or a pets.com.

Many investors who got on the internet train early ended up being wiped out by the dot-com bust of the early 2000s. Given that AI is in a similar stage of infancy in 2026, I see similar risks for ASX investors looking to ride on the back of the AI train.

The companies that appear to be at the forefront of the AI vanguard today may not retain their place in the years ahead. That makes this game a dangerous one to play for ASX investors, in my view. So what’s the solution? Well, I think a good approach to this conundrum is to employ the use of ASX exchange-traded funds (ETFs).

ETFs have the advantage of being able to passively pick winners. Most ETFs invest in an index that is weighted to market capitalisation (a company’s size). If a company does well over time, its weighting in an index will increase. As such, any ETF or index fund that uses said index will be forced to buy more of that company’s shares. Of course, the opposite is also true, and any company that stutters will be removed.

Sure, this approach will not give investors the equivalent thrill and returns of buying, say, Alphabet, at the dawn of the internet. But, given the lottery-like chances of picking the biggest AI winner of 2036 in 2026, I think it is a more prudent choice.

Using ASX ETFs to invest in AI

But which ASX ETFs should investors buy if they wish to reap some of the potential returns of AI? Well, I think US-market funds are a good place to start. The US is unquestionably at the forefront of AI. Even a market-wide index fund like the iShares S&P 500 ETF (ASX: IVV) is, even now, dominated by AI-centric stocks like Alphabet, Microsoft, Nvidia, and Tesla.

If you wanted to go even harder on the US, the BetaShares Nasdaq 100 ETF (ASX: NDQ) is also an obvious choice.

But if an investor wants to exclude the other stocks that populate the US markets, but are not necessarily vying for a spot at the front of the AI pack (perhaps Coca-Cola or Colgate-Palmolive), then an ETF like the Global X Artificial Intelligence ETF (ASX: GXAI) is also worth a look. Yes, this ETF is more expensive than an index fund like IVV or NDQ. But it will give you a purer AI investment in exchange. Some of this fund’s top current holdings include Samsung, Intel, Broadcom, and Taiwan Semiconductor Manufacturing Co.

If an ASX investor really wants to buy into the potential future of AI, I think these ASX ETFs are the most sensible way to do so.

The post The best way to invest in AI on the ASX appeared first on The Motley Fool Australia.

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• Why I’d buy these ASX ETFs if I had $500 spare

Motley Fool contributor Sebastian Bowen has positions in Alphabet, Amazon, Coca-Cola, and Microsoft. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Alphabet, Amazon, BetaShares Nasdaq 100 ETF, Broadcom, Colgate-Palmolive, Intel, Microsoft, Nvidia, Taiwan Semiconductor Manufacturing, Tesla, and iShares S&P 500 ETF. The Motley Fool Australia has positions in and has recommended BetaShares Nasdaq 100 ETF. The Motley Fool Australia has recommended Alphabet, Amazon, Microsoft, Nvidia, and iShares S&P 500 ETF. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

It was a rough end to the trading week for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares this Friday. In a particularly disappointing end to the week, following the spirited recovery of the past few days, the ASX 200 spent the entire session in the red and closed 1.51% lower. That leaves the index at 8,744.4 points as we head into the weekend.

This tough bookend to the week’s trading for ASX investors follows a sobering session on the American markets overnight.

The Dow Jones Industrial Average Index (DJX: .DJI) couldn’t keep its early rise and closed down 0.63%.

Things were a little tamer on the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC), though, which fell 0.13%.

But let’s get back to the local markets now to take a look at what was happening amongst the various ASX sectors this Friday.

Winners and losers

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

More reading

• 5.7% yield: Is Super Retail stock a buy for dividend investors?
• Brokers name 3 ASX shares to buy right now
• Why is this ASX financial stock dropping despite solid results?
• Why Block, News Corp, REA Group, and TechnologyOne shares are storming higher today
• 3 ASX 200 stocks storming higher in this week’s flat market

Motley Fool contributor Sebastian Bowen 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 Block, Cochlear, Life360, Light & Wonder Inc, Super Retail Group, and Technology One. The Motley Fool Australia has positions in and has recommended Life360 and Super Retail Group. The Motley Fool Australia has recommended CAR Group Ltd, Cochlear, Light & Wonder Inc, and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

There are a lot of ASX shares out there to choose from.

To narrow things down, let’s see what analysts at Ord Minnett are saying about the three popular options named below.

Here’s what you need to know:

ARB Corporation Ltd (ASX: ARB)

Ord Minnett remains positive on this 4×4 auto parts manufacturer despite weak new vehicle sales.

It has a buy rating and $31.00 price target on its shares. The broker is focusing more on the longer-term outlook, which it believes is positive. It said:

New vehicle sales have been impacted by inconsistent supply from manufacturers throughout the March quarter. Elevated fuel prices in March may adversely impact demand for ARB’s Australian aftermarket operations. Longer term, the outlook for ARB is positive, with robust demand for its products, a healthy order book, and new vehicles and products being released globally. Earnings growth should be driven by new and refurbished stores, offshore expansion, and strategic partnerships with original equipment manufacturers (OEM). We maintain a Buy rating on ARB.

Aurizon Holdings Ltd (ASX: AZJ)

The broker is less positive on this rail freight operator. It has put a hold rating and $3.50 price target on its shares.

While the broker likes the company, it feels that its shares are fully valued now. Ord Minnett said:

Post the result, we raised our EPS estimates by 2.7%, 3.5% and 0.9% for FY26, FY27 and FY28, respectively. These earnings upgrades led us to increase our target price on Aurizon to $3.50 from $3.10, although we maintained our Hold recommendation on valuation grounds.

Goodman Group (ASX: GMG)

Another ASX share that Ord Minnett has been looking at is Goodman Group.

In response to a major data centre deal with DataBank in the US, the broker retained its hold rating and $29.15 price target on Goodman’s shares. It said:

The deal is a win for Goodman, allowing to realise circa $235 million of development earnings before interest tax (EBIT) in the second half of FY26, and introduces DataBank’s valuable intellectual property into its data-centre business.

We note Goodman and DataBank are looking at developments in other capacity-constrained (typically because of power supply issues or planning restrictions) markets in the US, with the model based on combining the Australian company’s development pipeline and American group’s operational capability and customer base. Ord Minnett made no changes to its earnings estimates post the deal, but highlights that Goodman will have to make more of these type of deals to meet market expectations for FY26 earnings. We maintain our target price of $29.15 and a Hold recommendation on Goodman.

The post Buy, hold, sell: ARB, Aurizon, and Goodman shares appeared first on The Motley Fool Australia.

More reading

• Why are investors bidding this ASX 200 share higher today?
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Motley Fool contributor James Mickleboro has positions in Goodman Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ARB Corporation and Goodman Group. The Motley Fool Australia has recommended ARB Corporation and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

It’s been an… interesting week for Super Retail Ltd (ASX: SUL) stock, to say the least.

The ASX retail stock and owner of the Super Cheap Auto, Macpac, Rebel, and BCF brands had a dramatic day indeed on Thursday. The preceding day, investors were greeted with the news that the company had released a trading update after the markets had closed.

This trading update didn’t contain a lot of positive news. It revealed that the company’s group like-for-like sales growth came in at 0.4% for the first 18 weeks of its second half of FY 2026. Total sales growth for the same period was 1.9%, and 3.3% for the first 44 weeks of FY 2026.

Super Retail also told investors that sales momentum had been severely impacted by “inflationary pressures, including higher fuel prices and rising interest rates, together with concerns around fuel availability”. The impact of this was felt particularly hard over the Easter weekend.

As a result of this update, Super Retail stock fell dramatically on Thursday morning, dipping more than 13.5% and hitting a new 52-week low of $10.08 a share at market open.

That pessimism didn’t last long though, and Super Retail ended up finishing the day down just 2.9% yesterday. Today, much is forgiven, with the company rebounding a healthy 2.3% at the time of writing to $11.58 a share.

Despite this recovery, Super Retail stock has had a rough time of it lately. The company remains down 14% or so over the past 12 months, down 26.8% in 2026 to date, and down almost 40% from the highs of September last year.

Perhaps this miserly performance has a silver lining, though. At current prices, Super Retail stock is trading on a trailing dividend yield of 5.7%.

Is Super Retail stock worth the 5.7% dividend yield right now?

That yield is obviously a pretty compelling proposition for income investors today. However, I don’t think it’s a screaming buy. Super Retail, as a consumer discretionary stock, is vulnerable to what’s going on in the wider economy. With petrol prices still elevated and with interest rates rising, the company is clearly under strain at the moment.

Unfortunately for Super Retail, the reality is that when times are tough, people tend to cut back on exactly the kinds of products that this company sells – camping and fishing gear, sporting apparel, and automotive products.

As such, I wouldn’t be surprised to see a dividend cut when the company reveals its final dividend for 2026 later this year.

Saying that, there is still the potential for Super Retail to be a significant source of income for dividend investors. I would still be happy to have this stock as a part of a diversified income-focused portfolio if that were my primary investing goal. Even so, I think this high dividend yield indicates risk and is not a sure thing. As such, I wouldn’t be betting the farm on it today.

The post 5.7% yield: Is Super Retail stock a buy for dividend investors? appeared first on The Motley Fool Australia.

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• Why Light & Wonder, Super Retail, Tabcorp, and Woodside shares are falling today
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• Super Retail Group provides a trading update

Motley Fool contributor Sebastian Bowen 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 Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Macquarie Group Ltd (ASX: MQG) shares are falling on Friday after the release of the investment bank’s FY26 results.

But I do not think this is a reflection on its results. The broader share market is having a poor end to the week, with the S&P/ASX 200 Index (ASX: XJO) down around 1.7% this afternoon. 

Macquarie shares also hit a 52-week high earlier this week, so some weakness after the result does not surprise me.

The bigger question is what the result says about the business. Here are my three key takeaways.

Profit growth was strong

The first takeaway is that Macquarie delivered a strong FY26 result.

The company reported net profit of $4.85 billion, up 30% on FY25. Earnings per share also rose 30% to $12.77. The second half was particularly strong, with Macquarie reporting a record half-year profit of $3.19 billion, up 93% on the first half.

That is a good reminder of why I rate Macquarie so highly.

This is not a normal bank. Its earnings can move around from year to year because it is exposed to asset management, commodities, markets, investment banking, private credit, and banking.

But over time, that diversity has helped Macquarie find growth in different environments.

Return on equity also improved to 14% in FY26, compared with 11.2% in FY25.

For me, that supports the view that Macquarie remains a high-quality financial business, even if the share price is not cheap after its recent run.

The operating businesses are performing

The second takeaway is that the growth was spread across the business.

Macquarie Asset Management delivered a net profit contribution of $2.6 billion, up 27%, with the result helped by higher performance fees. Banking and Financial Services lifted its contribution 17% to $1.61 billion, supported by growth in the loan portfolio and deposits.

Commodities and Global Markets was the standout, with net profit contribution up 49% to $4.22 billion. Macquarie Capital also performed well, with its contribution rising 43% to $1.49 billion.

That breadth is important.

If Macquarie were relying on just one engine, I would be more cautious. But this result shows multiple parts of the group contributing.

I also like the long-term themes across the business. Macquarie has exposure to infrastructure, private markets, commodities, energy transition, digital banking, private credit, and global markets.

These are not all smooth growth areas. But I think they give Macquarie plenty of ways to keep finding opportunities.

The balance sheet remains strong

The third takeaway is Macquarie’s financial position.

The company ended FY26 with a Bank Group CET1 ratio of 12.8%, a liquidity coverage ratio of 173%, and a net stable funding ratio of 116%.

It also reported that total deposits increased 25% to $221.5 billion.

Confidence, funding, and risk management are crucial in the markets where Macquarie operates.

A strong balance sheet gives the group flexibility. It can support clients, invest in growth, and take advantage of opportunities when markets are unsettled.

Are Macquarie shares a buy?

Macquarie shares are not cheap.

After reaching a 52-week high this week, the market clearly already recognises a lot of the quality in the business.

But I think this strong result demonstrates why it deserves a premium valuation. 

I would be happy to buy Macquarie shares for the long term, even if the valuation is not especially cheap today.

The post 3 key takeaways from the Macquarie results appeared first on The Motley Fool Australia.

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

It has been another busy week for many of Australia’s top brokers. This has led to a number of broker notes being released.

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone right now:

Light & Wonder Inc (ASX: LNW)

According to a note out of Bell Potter, its analysts have retained their buy rating on this gaming technology company’s shares with a reduced price target of $190.00. This follows the release of its quarterly results, which fell short of expectations. While Bell Potter was disappointed with the results and highlights that Light & Wonder has had a poor start to the year, it isn’t overly concerned. That’s because it thinks the earnings miss was driven by international shipments, which are notoriously lumpy quarter to quarter. As a result, the broker thinks this is a one-off and believes Light & Wonder’s international shipments will soon catch back up. In light of this, it sees significant value in the company’s shares after recent weakness. The Light & Wonder share price is trading at $114.60 on Friday.

Minerals 260 Ltd (ASX: MI6)

A note out of Morgans reveals that its analysts have retained their buy rating on this gold miner’s shares with an improved price target of $1.40. This follows news that the company has awarded a major construction contract for the Bullabulling operation. It feels that this is a key step toward development. In addition, it highlights that ongoing drilling continues to support resource growth, conversion and strike continuity. The broker thinks this reinforces confidence in the scale and quality of the system. As a result, it has updated its model to reflect a larger-scale operation, lifting Stage 2 milling capacity to 8Mtpa (from 7Mtpa) and increasing forecast production to ~228,000 ounces per annum. The Minerals 260 share price is fetching 79 cents at the time of writing.

TechnologyOne Ltd (ASX: TNE)

Another note out of Bell Potter reveals that its analysts have upgraded this enterprise software provider’s shares to a buy rating with an improved price target of $31.75. This follows news that Technology One has won a new contract with James Cook University. Bell Potter believes this is significant from a product perspective as it demonstrates the power of Technology One’s Agentic AI product to win contracts. As a result, it has boosted its annual recurring revenue forecasts for the medium term and its valuation accordingly. The TechnologyOne share price is trading at $28.13 this afternoon.

The post Brokers name 3 ASX shares to buy right now appeared first on The Motley Fool Australia.

More reading

• Why Block, News Corp, REA Group, and TechnologyOne shares are storming higher today
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Motley Fool contributor James Mickleboro has positions in Technology One. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Light & Wonder Inc and Technology One. The Motley Fool Australia has recommended Light & Wonder Inc and Technology One. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

ASX mining shares are falling on Friday, with the S&P/ASX 300 Metal & Mining Index (ASX: XMM) down 1.3%.

The long-term outlook for mining stocks is positive, with 5 key drivers behind the new commodities super cycle underway.

Several commodities have risen in value this week.

The iron ore price is 3.5% higher this week at US$110.95 per tonne, supported by fresh buying in China amid depleting steel inventories.

Gold is up 2.2% to US$4,714 per ounce, silver is up 6.1% to US$79.48 per ounce, and copper is up 3.4% to US$6.14 per pound.

The lithium carbonate price is up 9.6% to a three-year high of US$28,508 per tonne this week.

This represents a massive increase in 2026 — find out how much and why here.

Meanwhile, let’s check out these 4 ASX mining shares with buy ratings from the experts.

Fenix Resources Ltd (ASX: FEX)

The Fenix Resources share price is 33 cents, down 4.4% today, and up 10% over 12 months.

Bell Potter has a buy rating on this ASX iron ore mining share with a price target of 63 cents.

This suggests 91% capital growth ahead.

After reviewing the miner’s 3Q FY26 report, Bell Potter said:

FEX has maintained guidance (upgraded December 2025) of 4.2-4.8Mt sales at average C1 cash cost of A$70-80/wmt.

The company is confident it will maintain sufficient diesel supply for all operational activities.

However, costs are expected to rise in the current quarter with higher fuel and freight rates.

Fenix Resources reported group iron ore production of 1,243kt and sales of 974kt at an average realised price of A$146 per tonne.

Group C1 cash costs were A$70 per tonne, down 7% over the quarter.

The broker added:

FEX has outlined a clear pathway to incrementally grow iron ore production to 10Mtpa at significantly lower unit costs, leveraging its integrated logistics network to underpin cash flows and fund its substantial organic growth outlook.

FEX holds the largest storage position at the strategic and fast-growing Geraldton Port.

Ramelius Resources Ltd (ASX: RMS)

The Ramelius Resources share price is $3.50, down 1.4% on Friday and up 22% over 12 months.

Morgans has a buy rating on this ASX gold mining share with a price target of $6.10.

This suggests a potential 74% upside ahead.

For 3Q FY26, Ramelius reported gold production of 38.1koz at an all-in sustaining cost (AISC) of A$2,211 per ounce.

Morgans noted “strong operating cash flow of A$171.3m with underlying FCF of A$101.9m after A$51.2m growth capex and A$26.4m exploration investment.”

The broker added:

We forecast FY26 production within guided midrange of 192.1koz; AISC guidance revised to A$1,900-2,050/oz driven by Dalgaranga commercial production reclassification (~A$100/oz), diesel (~A$35/oz) and royalties (~A$40/oz).

Liontown Ltd (ASX: LTR)

The Liontown share price is $2.48, down 1.2% today and up 358% over 12 months.

Bell Potter has a buy rating on this ASX 200 lithium mining share.

The broker recently lifted its 12-month target from $2.42 to $2.65.

After reviewing Liontown’s 3Q FY26 report, the broker said:

LTR is now in a net cash position. Over FY26-27, LTR will continue to ramp up and de-risk Kathleen Valley.

With current lithium price strength, LTR can rapidly generate cash to support incremental production expansions and shareholder returns.

Kathleen Valley is highly strategic in terms of scale, long project life and location in a tier-one mining jurisdiction.

LTR has offtake contracts with top-tier EV and battery OEMs.

Capricorn Metals Ltd (ASX: CMM)

The Capricorn Metals share price is steady at $13.57, up 39% over 12 months.

Bell Potter gives this ASX 200 gold mining share a buy rating and recently raised its target from $16.10 to $16.25.

This suggests a near-20% upside ahead.

The broker explained its positive stance:

CMM is a sector leading gold producer, unhedged and debt free.

It is fully funded to grow production from ~120kozpa to ~300kozpa from two gold mines in WA, each with +10 year mine lives.

CMM is run by a management team that has an excellent track record of delivery.

The post 4 ASX mining shares to buy: brokers appeared first on The Motley Fool Australia.

More reading

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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 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.

S&P/ASX 200 Index (ASX: XJO) shares are 1.7% lower on Friday, and 10 of the 11 market sectors are in the red.

The world is waiting for Iran’s response to a US proposal to end the war and re-open the Strait of Hormuz.

The Strait of Hormuz is a key shipping channel for Middle Eastern oil and gas, with about 20% of the world’s supply transported through it.

For now, the Strait remains effectively closed for a tenth week amid fresh clashes between the US and Iran overnight.

Meanwhile, brokers have indicated continuing confidence in several ASX 200 shares by reaffirming their buy ratings this week.

Let’s take a look.

Zip Co Ltd (ASX: ZIP)

The Zip share price is $2.57, down 2.7% today.

Over the past 12 months, this ASX 200 financial share has risen 40%.

That sounds impressive, but it hides the fact that Zip shares have weakened 23% in the calendar year to date.

UBS remains confident that Zip shares will rebound.

The broker renewed its buy rating this week with a 12-month price target of $3.10.

This suggests a potential 20% upside ahead.

JB Hi-Fi Ltd (ASX: JBH)

The JB Hi-Fi share price is $73.87, down 0.8% today.

Over the past six months, this ASX 200 retail share has fallen 25%.

Morgans renewed its accumulate rating on JB Hi-Fi shares with a lowered target of $82.90 this week.

This suggests a potential 12% upside ahead.

Morgans said:

JBH provided a solid 3Q26 sales trading update, showing the ongoing resilience in demand for its product categories.

Management did caution going into one of the key trading periods (EOFY), that they were seeing supplier component costs increases, stock availability shortages and ongoing heightened competitive activity.

We see this as likely reflecting potential margin pressure in the 4Q.

Bellevue Gold Ltd (ASX: BGL)

The Bellevue Gold share price is $1.55, down 2.2% on Friday.

Over the past month, this ASX 200 gold mining share has fallen 17%.

UBS renewed its buy rating on Bellevue Gold shares this week.

The broker shaved its 12-month price target to $2, suggesting a 28% upside ahead.

CSL Ltd (ASX: CSL)

The CSL share price is $120.61, down 1.2%, after hitting a 9-year low of $119.61 today.

CSL shares have halved in value over the past 12 months.

UBS renewed its buy rating on CSL shares today with a reduced price target of $205.

This indicates a potential 68% upside ahead.

Flight Centre Travel Group Ltd (ASX: FLT)

The Flight Centre share price is $10.73, down 1.5% today.

This ASX 200 travel share is struggling in 2026, down 29% in the calendar year to date.

Morgans remains confident of a turnaround though.

The broker renewed its buy rating on Flight Centre shares this week.

However, it slashed its 12-month price target from $18.05 to $14.55.

This still suggests a potential 35% capital gain ahead. 

Morgans said:

Surprisingly, FLT has maintained its FY26 earnings guidance. It noted that the conflict is creating near-term uncertainty and temporarily disrupting international travel patterns. It is having a more significant impact on Leisure (April profit was down ~A$10m on the pcp).

While the reiteration of guidance was better than feared, our concern is that following its key trading period (May-June), FLT will likely need to revise guidance as we expect leisure demand will remain weak.

If it wasn’t for this conflict, FLT would have had a great year given its results for the first nine months were strong. 

Polynovo Ltd (ASX: PNV) 

The Polynovo share price is $1.01, down 2.7% today.

This ASX 200 healthcare share has lost almost a third of its valuation over the past 12 months.

Morgans maintained its buy rating on Polynovo shares this week.

The broker lowered its price target from $1.83 to $1.56, which still implies a great potential upside of 54%.

Morgans commented:

We have reviewed our FY26 and FY27 forecasts and conclude the company is set to deliver a strong 2H26 and continue that growth trajectory into FY27.

PNV is one of the most shorted stocks on the ASX. If PNV can demonstrate a growing profit profile the short position could be reduced materially. 

Magellan Financial Group Ltd (ASX: MFG)

The Magellan share price is $8.92, down 1.8% today.

Over the past month, this ASX 200 financial share has fallen 10.5%.

Morgans renewed its buy rating on Magellan shares today.

The broker trimmed its 12-month price target from $11.99 to $11.19.

This suggests a potential 24% upside ahead.

Neuren Pharmaceuticals Ltd (ASX: NEU)

The Neuren Pharmaceuticals share price is $12.86, down 1.5% on Friday.

This ASX 200 healthcare share has fallen 32% in the calendar year to date.

However, Bell Potter is confident that the stock price will come back.

The broker renewed its buy rating today with a 12-month price target of $22.

This implies a near-70% capital gain ahead.

The post 8 ASX 200 shares with renewed buy ratings this week appeared first on The Motley Fool Australia.

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• Morgans names two ASX shares to buy right now for returns of 20% to 50%

Motley Fool contributor Bronwyn Allen has positions in Magellan Financial Group and Zip Co. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and PolyNovo. The Motley Fool Australia has recommended CSL, Flight Centre Travel Group, and PolyNovo. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.