When you first start investing, you might look for high risk, high reward growth shares. You can do this because if things don’t go to plan, you have plenty of time to recover from your losses.

But when you’re in retirement or approaching it, investors may be better focusing on income and capital preservation.

With that in mind, listed below are two ASX 200 shares that could be good options for retirees. Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first ASX 200 dividend share to look at for a retirement portfolio is supermarket giant Coles.

Coles could be a great option in the current environment thanks to its defensive qualities, positive exposure to inflation, and favourable long term growth outlook.

The latter is being underpinned by the company’s refreshed strategy, which aims to cut costs through automation and efficiencies. This includes the construction of new distribution centres with automation giant Ocado.

The team at Citi is positive on Coles and has a buy rating and $18.90 price target on its shares.

In respect to dividends, the broker is forecasting fully franked dividends of 72 cents per share in FY 2023 and 77 cents per share in FY 2024. Based on the latest Coles share price of $16.92, this will mean yields of 4.25% and 4.55%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 share that could be a top option for retirees is Telstra.

Much like Coles, it has defensive qualities that could prove valuable in the current environment. In addition, the company’s outlook is arguably the most positive it has been in over a decade thanks to the success of the T22 strategy and the new T25 strategy.

The latter is targeting high-teens underlying earnings per share compound annual growth through to FY 2025.

Morgans is a fan of the company and currently has an add rating and $4.60 price target on its shares.

As for dividends, it is forecasting 16.5 cents per share dividend in FY 2023 and FY 2024. Based on the current Telstra share price of $4.05, this equates to a 4.1% dividend yield.

The post Building a passive income for retirement? Check out these ASX 200 dividend shares – analysts appeared first on The Motley Fool Australia.

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More reading

• Start generating extra income by investing $5 a day in ASX shares. Here’s how
• Why all eyes will be on Telstra shares this week
• Here are the 3 most heavily traded ASX 200 shares on Thursday
• Why is the Telstra share price lagging the ASX 200 today?
• 3 top dividend payers of the ASX 200

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 positions in and has recommended COLESGROUP DEF SET and Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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On Monday, the S&P/ASX 200 Index (ASX: XJO) started the week with a small decline. The benchmark index fell 0.2% to 7,133.9 points.

Will the market be able to bounce back from this on Tuesday? Here are five things to watch:

ASX 200 expected to fall again

The Australian share market looks set to fall on Tuesday following another poor night of trade on Wall Street. According to the latest SPI futures, the ASX 200 is poised to open the day 33 points or 0.5% lower. In late trade in the United States, the Dow Jones is down 0.9%, the S&P 500 is down 1.25%, and the NASDAQ has sunk 1.65%.

Reliance named as a buy

The Reliance Worldwide Corporation Ltd (ASX: RWC) share price could be in the buy zone according to analysts at Goldman Sachs. This morning, the broker reiterated its buy rating on the plumbing parts company’s shares with a $4.05 price target. It said: “YTD RWC’s share price has underperformed the US homebuilder Index and UK peers/channel partners. Adjusting for EPS revisions RWC has also de-rated more than both cohorts. We believe RWC is oversold.”

Oil prices rise

Energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a good day after oil prices rose overnight. According to Bloomberg, the WTI crude oil price is up 1.9% to US$75.67 a barrel and the Brent crude oil price has risen 1.5% to US$80.24 a barrel. Optimism over the Chinese economy outweighed concerns over a global recession.

Bega rated as a sell

The Bega Cheese Ltd (ASX: BGA) share price could be overvalued according to Goldman Sachs. This morning it has retained its sell rating with a $3.35 price target. It said: “We see BGA as strategically better placed than many of its Australian dairy competitors but the industry continues to face significant headwinds which we believe may not be fully reflected in the current share price.”

Gold price falls

Gold shares Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a subdued day after the gold price edged lower overnight. According to CNBC, the spot gold price is down 0.2% to US$1,797.2 an ounce. Higher bond yields weighed on the precious metal.

The post 5 things to watch on the ASX 200 on Tuesday appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Monday
• Invest, or not to invest in ASX shares: Why I think the pessimists are wrong again
• Is the Pinnacle share price the ASX 200’s biggest bargain right now?
• Why this blue-chip stock is a no-brainer buy for dividend growth investors

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

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With so many blue chip ASX 200 shares for investors to choose from, it can be hard to decide which ones to buy.

To help narrow things down, I have picked out two that analysts rate as buys right now. They are as follows:

CSL Limited (ASX: CSL)

The first blue chip ASX 200 share that is highly rated is CSL.

CSL is one of the world’s leading biotechnology companies, comprising the CSL Behring business, newly formed CSL Vifor business, and the Seqirus business.

Thanks to a combination of strong demand for its products and its material investment in research and development (R&D) each year, CSL has been growing at a solid rate for well over a decade. The good news is that these same factors are expected to support further growth in the coming years.

This will be supported by improvements in plasma collections and the company’s new collection technology. The latter is designed to collect plasma more efficiently and deliver stronger yields, which could be a meaningful boost to margins.

Citi is positive on CSL and currently has a buy rating and $340.00 price target on its shares.

Goodman Group (ASX: GMG)

Another blue chip ASX 200 share to look at is Goodman Group.

This leading integrated commercial and industrial property company currently has $77.8 billion of total assets under management and over 1,700 customers globally. This includes blue chip customers such as Amazon, Coles Group Ltd (ASX: COL), DHL, and Walmart.

But it isn’t settling for that. Goodman continues to build new properties and has $13.8 billion of development work in progress across 85 projects. With a yield on cost of 6.1%, these properties look likely to support solid growth in the future.

Goldman Sachs is a big fan of Goodman. It is expecting Goodman to continue its strong earnings growth in the coming years. For example, it has forecast a compound annual growth rate of ~14% between FY 2022 and FY 2024.

Goldman has a buy rating and $24.20 price target on the company’s shares.

The post Here’s why analysts rate these blue chip ASX 200 shares as buys appeared first on The Motley Fool Australia.

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More reading

• Experts say these strong blue chip ASX 200 shares are buys for 2023
• Bell Potter says these are some of the best ASX shares to buy for 2023
• Stock market millionaire: I’d put $500 a month into the ASX 200 to aim for 7 figures
• CSL share price slumps as new CEO appointed
• CSL share price on watch as CEO announces retirement

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 CSL Ltd. 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.

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The ASX 200 big four bank shares have always had a reputation as strong dividend income payers. And Westpac Banking Corp (ASX: WBC) shares are no different.

As it currently stands after Monday’s close, Westpac shares have a trailing dividend yield of 5.38% on the table. This yield, as is typical with Westpac, also comes fully franked. That means it grosses-up to an impressive 7.69% with the value of those franking credits.

But a high yield, even a full-franked one, doesn’t always translate into a good investment. Dividend income is never guaranteed from an ASX share. And plenty of investors have been burned by the dreaded ‘dividend trap’ – buying a share for a high yield that never materialises – before.

Westpac shares have had a decent 2022 though, as you can see below:

This ASX 200 bank share is up more than 7.6% year to date this year, which looks pretty good against the S&P/ASX 200 Index (ASX: XJO)’s loss of 6%.

So that begs the question: Are Westpac shares worth buying now for dividend income in 2023 and beyond? Well, let’s see what some ASX brokers reckon.

ASX brokers name Westpac shares as a buy for dividend income

An ASX broker who thinks Westpac shares are a compelling buy right now is Goldman Sachs. As my Fool colleague James recently covered, Goldman currently rates Westpac shares as a conviction buy, with a 12-month share price target of $27.60 on the bank.

If realised, that would result in an upside of more than 18.7% from the current share price.

A big part of Goldman’s bullishness comes from its dividend projections. The broker reckons Westpac shares will pay out 148.4 cents per share in income over FY2023, rising to 160 cents per share in FY2024. No doubt income investors would be delighted if that came to pass.

But Goldman isn’t the only broker rating Westpac shares right now. As we looked at earlier this month, another broker in Morgans is also eyeing Westpac off as a ‘best idea’ right now.

Morgans has a lower share price target of $25.80 on Westpac shares. But this broker is also expecting Westpac to keep its dividends growing. It has a projection of 153 cents per share from Westpac in FY2023, rising to 159 cents per share in FY2024.

So no to one, but two ASX brokers reckon Westpac shares are a buy today for dividend income in 2023 and beyond. Time will tell if they are on the money.

The post Are Westpac shares worth buying now for dividend income in 2023? appeared first on The Motley Fool Australia.

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More reading

• Start generating extra income by investing $5 a day in ASX shares. Here’s how
• Why is the Westpac share price wilting on Wednesday?
• Analysts expect 6% yields from these ASX dividend shares in 2023
• 5 things to watch on the ASX 200 on Wednesday
• Tyro share price rebounds 14% as rumours swirl over next moves

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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Westpac Banking. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) has started the week in the red. The index slumped 0.21% on Monday to close at 7,133.6 points.

Fortunately, that was a relatively tame tumble compared to that posted by New York indices on Friday. The Dow Jones Industrial Average Index (DJX: .DJI) fell 0.8%, the S&P 500 Index (SP: .INX) slumped 1.1%, and the Nasdaq Composite Index (NASDAQ: .IXIC) dumped 1% amid recession concerns seemingly spurred by hawkish comments from US Federal Reserve officials.

Today also saw the ASX 200’s latest quarterly rebalance take effect. Only two stocks were involved in the December shakeup. St Barbara Ltd (ASX: SBM) was booted from the iconic index, and replaced by Monadelphous Group Limited (ASX: MND).

The S&P/ASX 200 Energy Index (ASX: XEJ) and the S&P/ASX 200 Materials Index (ASX: XMJ) were today’s top-performing sectors. They gained 0.5% and 0.4% respectively.

Meanwhile, the S&P/ASX 200 Utilities Index (ASX: XUJ), the S&P/ASX 200 Health Care Index (ASX:  XHJ), and the S&P/ASX 200 Real Estate Index (ASX: XRE) were among the worst performers. They dropped 0.8%, 0.8%, and 1.1% respectively.

But which ASX 200 share dodged today’s carnage to post the strongest start to the week? Keep reading to find out.

Top 10 ASX 200 shares countdown

Today’s top performer was none other than Nickel Industries Ltd (ASX: NIC). Its stock rose around 5% despite the company’s silence.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Nickel Industries Ltd (ASX: NIC)	$0.99	4.76%
United Malt Group Ltd (ASX: UMG)	$3.48	4.5%
Evolution Mining Ltd (ASX: EVN)	$2.90	4.32%
New Hope Corporation Limited (ASX: NHC)	$6.49	4.01%
Paladin Energy Ltd (ASX: PDN)	$0.735	3.52%
Silver Lake Resources Limited (ASX: SLR)	$1.21	3.42%
Northern Star Resources Ltd (ASX: NST)	$11.02	3.38%
De Grey Mining Limited (ASX: DEG)	$1.235	3.35%
Whitehaven Coal Ltd (ASX: WHC)	$10.60	3.11%
Chorus Ltd (ASX: CNU)	$7.85	3.02%

Our top 10 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

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

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• Guess which ASX 200 gold CEO just sold $2 million worth of shares
• Why Core Lithium, MMA, Northern Star, and Warrego Energy are charging higher
• Invest, or not to invest in ASX shares: Why I think the pessimists are wrong again
• Is the Pinnacle share price the ASX 200’s biggest bargain right now?

Motley Fool contributor Brooke Cooper 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.

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It has been a hellacious year for investors seeking inflation-beating returns. Those with exposure to certain commodities have generally performed stronger than other pockets of the market. Yet, 2022 probably won’t go down as a triumphant one for copper.

Unlike lithium, the price of copper has descended throughout the year rather than strengthen. In quantifiable terms, lithium has skyrocketed by more than 100%. Meanwhile, a chunk of copper is going for 15% less. The stark contrast has played out despite both materials being expected to benefit from the electrification trend.

Although, the script might be flipped next year, according to some experts.

Supply won’t cope with demand

All commodity prices are determined by the balance of supply and demand. That’s why Goldman Sachs is expecting big things from the highly conductive metal in 2023.

The broker believes copper could reach a new record high price of US$11,000 per tonne. Its bullish forecast doesn’t come without reason. Goldman is estimating a 178,000-tonne copper deficit next year. Whereas, the broker previously forecast a 169,000-tonne surplus, betting on new supply coming online.

However, forecasts are suggesting that additional supply may not materialise. Any such slump in supply could boost prices if demand for the material holds steady or increases — a scenario that copper investors would be glad to witness in light of the poor performance in 2022 as shown below.

Data presented by the International Energy Agency (IEA) similarly portrays a roadmap for increased copper demand in the future. In a report titled The Role of Critical Minerals in Clean Energy Transitions, the IEA estimate that 45% of copper will be consumed by the energy sector in 2040 under its ‘sustainable development scenario’.

Under these conditions, current (operating) and future (under construction) supply will fall short of demand by 2025. As depicted in the chart below, this gap is only expected to widen for the foreseeable future.

Biggest ASX copper shares in the hot seat

If copper enjoys a rise that is anything like lithium this year, the returns from ASX copper shares could be considerable. After all, some of the best-performing investments on the Aussie market this year have been in lithium shares.

At the largest end of the market, here’s how the biggest lithium names have performed in 2022:

• Rio Tinto Limited (ASX: RIO) up 18%
• Mineral Resources Ltd (ASX: MIN) up 65%
• Pilbara Minerals Ltd (ASX: PLS) up 47%
• Allkem Ltd (ASX: AKE) up 36%

For those interested, some of the largest ASX-listed companies with exposure to copper include BHP Group Ltd (ASX: BHP), Rio Tinto Limited (ASX: RIO), Newcrest Mining Ltd (ASX: NCM), and IGO Ltd (ASX: IGO).

The post Could copper become ‘the lithium’ of 2023? appeared first on The Motley Fool Australia.

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More reading

• Why is BHP’s dividend yield so high?
• Own Rio Tinto shares? Here are the key dates to watch in 2023
• Why did the iron ore price just hit a 6-month high?
• 5 things to watch on the ASX 200 on Monday
• Why Bank of Queensland, Block, Fletcher Building, and Newcrest are dropping today

Motley Fool contributor Mitchell Lawler 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.

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The S&P/ASX 200 Materials Index (ASX: XMJ) is 0.52% in the green today, but these three ASX mining shares are charging higher.

The Minbos Resources Ltd (ASX: MNB), Meteoric Resources NL (ASX: MEI) and BBX Minerals Ltd (ASX: BBX) share prices are all lifting today.

Let’s take a look at these three ASX mining shares in more detail.

BBX Minerals

BBX Minerals shares are lifting 19% at the time of writing to 8.7 cents. However, in earlier trade BBX shares soared 27% before retreating. BBX is a mineral exploration and technology company with operations in northern Brazil.

In news today, BBX advised bioleaching test work is continuing to show “excellent results”. Results from a sample from drill hole TED-015 showed a recovered grade of:

• 95.38 g/t 5E precious metals (14.13 grams per tonne (g/t) gold, 79.27 g/t palladium, 0.17 g/t platinum, 0.72 g/t lawrencium and 1.1 g/t rhodium)

The BBX share price has descended nearly 44% in the last year. However, it has recovered 24% in the last week.

Minbos Resources

Minbos Resources shares are soaring 22% today to 9.3 cents despite no news from the company. The company is developing the Cabinda Phosphate Project and the Capanda Green Ammonia Project.

Last week, Minbos reported it had signed a historic green energy Memorandum of Understanding (MOU) for the Capanda Green Ammonia Project. The MOU has been signed between Minbos’ wholly owned subsidiary Green Amonia and Angola’s National Electricity Transmission Network. Minbos described the agreement as a “global green energy first”. Commenting on the news, Minbos CEO Lindsay Reed said:

The MOU with Angola’s National electricity network operator has created a number of green project global firsts.

The Minbos share price has slid 15% in the last year.

The post 3 ASX mining shares exploding over 20% on Monday appeared first on The Motley Fool Australia.

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More reading

• Buy AGL shares for 17% upside: top broker
• Here are the 3 most heavily traded ASX 200 shares on Monday
• 2 ASX lithium shares to buy, and 1 to avoid: broker
• Guess which ASX 200 gold CEO just sold $2 million worth of shares
• Why has the Sayona Mining share price tanked 10% in 2 weeks?

Motley Fool contributor Monica O’Shea 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.

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The AGL Energy Limited (ASX: AGL) share price could be in for a winning streak if one top broker is to be believed.

It’s said to be tipped to lift another 16.66% on the back of its strong 2022 performance.

Right now, the AGL share price is $7.92. That’s 25.4% higher than it was at the start of this year.

For comparison, the S&P/ASX 200 Index (ASX: XJO) has slipped nearly 6% year to date.

Let’s take a closer look at one top broker’s bullish outlook for the ASX 200 energy provider’s stock.

Could the AGL share price rocket above $9?

The AGL share price could be on the up and up following a dramatic year for the 185-year-old company.

Jefferies recently initiated coverage of the S&P/ASX 200 Index (ASX: XJO) energy provider – slapping it with a buy rating and tipping it to reach $9.24, The Australian reports.

The S&P/ASX 200 Utilities Index (ASX: XUJ) staple has had a rollercoaster of a year. Its demerger plan was scrapped in May on the back of a campaign by then-newly crowned major shareholder Mike Cannon-Brookes.

The company’s then-CEO Graeme Hunt stepped down on the plan’s abandonment, as did former chair Peter Botten and two directors.

More recently, shareholders appeared to side with Cannon-Brookes over the AGL board at the company’s annual general meeting, voting to elect four directions nominated by the tech billionaire despite the board’s disapproval last month.

Meanwhile, the power producer (which also happens to be Australia’s biggest emitter) vowed to exit coal by 2036 in September. The move will likely demand up to $20 billion of investment in renewable and firming technology.

Jefferies isn’t the only market participant seemingly excited by the company’s newly shaped future.

Two new AGL directors recently forked out a combined $200,000 to invest in the ASX 200 share.

Kerry Schott and Christine Holman bought 12,000 and 13,000 shares respectively, paying between $8.09 and $8.16 apiece, earlier this month.

The post Buy AGL shares for 17% upside: top broker appeared first on The Motley Fool Australia.

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More reading

• Here are the top 10 ASX 200 shares today
• 2 directors have been buying up AGL shares. Should you?
• Why is the AGL share price tumbling on Monday?
• Fortescue share price jumps amid Twiggy’s $4b renewables takeover
• Buying AGL shares for the dividends? Read this first

Motley Fool contributor Brooke Cooper 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 Jefferies Financial Group. 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.

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The S&P/ASX 200 Index (ASX: XJO) looks to be playing the role of the Grinch today. On the last Monday before Christmas, the ASX 200 has slipped, currently down by 0.17% at just under 7,140 points.

But who knows what the rest of the week will bring? Perhaps investors will get their ASX presents later this week after today’s lump of coal in the proverbial stocking. But let’s now take a look at the shares currently topping the ASX 200’s share trading volume charts, according to investing.com.

The 3 most traded ASX 200 shares by volume this Monday

Star Entertainment Group Ltd (ASX: SGR)

A rare appearance from ASX 200 gaming company Star Entertainment marks our first share of the day. So far this Monday, a massive 12.73 million Star shares have been folded to a new owner.

Sadly for investors, this looks like a consequence of Star’s dramatic share price fall that we are seeing this session. Star shares are currently down by a nasty 13.15% at $2.24 each. As we covered this afternoon, this appears to be a reaction to a new plan from the New South Wales government to raise casino taxes.

Core Lithium Ltd (ASX: CXO)

Next up we have a far more familiar face in ASX 200 lithium share Core Lithium. So far today, a chunky 15.61 million Core shares have been bought and sold. In some good news, it seems we have a share price gain to thank for these volumes.

Core shares have gotten out of the right side of the bed this morning, and are currently up by a healthy 3.02% to $1.09 each. This comes after the lithium company received some love from an ASX broker.

Pilbara Minerals Ltd (ASX: PLS)

Third and finally this Monday, it’s another ASX 200 lithium share in Pilbara Minerals to round out our list. This session has had a hefty 16.66 million Pilbara shares swap hands as it currently stands.

There’s been no news out of Pilbara today, so we probably blame the share price falls we have seen for this elevated volume. Pilbara has not received much of the goodwill that its lithium peer Core Lithium has, with the Pilbara share price presently down by 1.34% to $4.04 a share.

The post Here are the 3 most heavily traded ASX 200 shares on Monday appeared first on The Motley Fool Australia.

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More reading

• 2 ASX lithium shares to buy, and 1 to avoid: broker
• Leading brokers name 3 ASX shares to buy today
• Why Appen, Arafura, Aurizon, and Star shares are sinking today
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• Why Core Lithium, MMA, Northern Star, and Warrego Energy are charging higher

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 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.

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A team at Barrenjoey has put an overweight rating on two ASX lithium shares and an underweight rating on another.

The three ASX lithium shares rated by the broker are Core Lithium Ltd (ASX: CXO), Global Lithium Resources Ltd (ASX: GL1) and Leo Lithium Ltd (ASX: LLL).

Let’s take a look at these three companies in more detail.

Global Lithium

Analysts at Barrenjoey have placed an overweight rating on the Global Lithium share price, The Australian reported on Friday. Global Lithium shares are 0.79% in the red today and fetching $1.885.

Global Lithium is exploring two hard rock lithium projects in Western Australia. This includes the Marble Bar Lithium Project and the Manna Lithium Project. Recently, Global Lithium updated the market on “game-changing” news at these two projects. Manna’s resource estimate has been lifted by 230%, while the forecast for Marble Bar is 71% higher.

Managing director Ron Mitchell said:

These game-changing Mineral Resource upgrades, at our 100%-owned Western Australian hard-rock lithium projects, are a great outcome for GL1 following the nearly 85,000m exploration programs we have undertaken safely during 2022.

The Global Lithium share price has surged nearly 197% in the last year.

Leo Lithium

Barrenjoey has reportedly placed an overweight rating on the Leo Lithium share price. The team has put a $1.20 price target on the company’s shares. This is more than double the company’s current share price of 48.8 cents.

The company is developing the Goulamina Lithium Project in Mali, West Africa. Recently, Leo Lithium advised of more high-grade drilling results at the project. Managing director Simon Hay said:

These additional results from our Danaya drilling program continue to reveal high-grade, thick
intercepts and confirm our expectations of multiple, wide mineralised pegmatite zones.

Leo Lithium shares have declined 30% in the last year.

Core Lithium

Core Lithium shares are rising 3.3% today to fetch $1.095. This company is developing the Flinders Lithium Project in the Northern Territory. The team at Barrenjoey rated Core Lithium as underweight with an 85 cent price target, according to The Australian.

However, on the flip side, the team at Macquarie has upgraded Core Lithium shares to an outperform rating with a $1.30 price target this morning. As my Foolish colleague James discussed, this move was partly on valuation grounds given Core Lithium’s shares have slid more than 40% since 14 November.

The Core Lithium share price has surged 114.71% in a year.

The post 2 ASX lithium shares to buy, and 1 to avoid: broker appeared first on The Motley Fool Australia.

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More reading

• Leading brokers name 3 ASX shares to buy today
• Why Core Lithium, MMA, Northern Star, and Warrego Energy are charging higher
• Why is the Core Lithium share price having such a stellar start to the week?
• Can Core Lithium shares really live up to the hype surrounding them?
• Here are the 3 most heavily traded ASX 200 shares on Friday

Motley Fool contributor Monica O’Shea 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.

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