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Are you looking for some dividend shares to boost your income portfolio? If you are, then you might want to look at the ones listed below.

Here’s why these ASX dividend shares could be in the buy zone:

Adairs Ltd (ASX: ADH)

Adairs is a leading retailer of homewares and home furnishings in Australia and New Zealand through both retail stores and online channels.

It has been in fine form in FY 2021 thanks to heightened sales during the pandemic. As a result, it looks set to deliver bumper full year profit growth next month. And while it will be very hard for Adairs to build on this in FY 2022, it has been tipped by Goldman Sachs to resume its growth again in FY 2023.

This is thanks to its strong market position and omni-channel footprint, which gives it exposure to both online and in-store growth. The broker also sees upside in average order value compared with peers in the home category.

Goldman currently has a buy rating and $4.80 price target on its shares. It is also forecasting fully franked dividends per share of 26 cents in FY 2021, 25.1 cents in FY 2022, and then 26.8 cents in FY 2023.

Based on the current Adairs share price of $3.75, this will mean yields of 6.9%, 6.7%, and 7.15%, respectively.

Aurizon Holdings Ltd (ASX: AZJ)

Another ASX dividend share to look at is Aurizon. It is Australia’s largest rail freight operator, transporting more than 250 million tonnes of Australian commodities each year.

It has been tipped as a share to buy by the analysts at Macquarie. They currently have an outperform rating and $4.32 price target on its shares. This compares to the latest Aurizon share price of $3.84.

Macquarie believes the company is well-placed with almost $1 billion in balance sheet capacity to drive its growth through acquisitions. It has suggested that grain companies with port and logistics assets could be good additions.

In the meantime, Macquarie is forecasting partially franked dividends of 27.8 cents per share in FY 2021 and then 28.6 cents per share in FY 2022. This represents very attractive yields of 7.2% and 7.45%, respectively.

The post 2 buy-rated ASX dividend shares with massive yields appeared first on The Motley Fool Australia.

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• These 2 ASX dividend shares could be buys in July 2021
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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 recommended ADAIRS FPO. The Motley Fool Australia owns shares of and has recommended ADAIRS FPO. The Motley Fool Australia has recommended Aurizon Holdings Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re wanting to boost your portfolio with a couple of growth shares, then you may want to consider the ones listed below.

Here’s why these ASX growth shares have been rated as buys:

REA Group Limited (ASX: REA)

The first ASX growth share to look at is REA Group. It is of course the market leader in real estate listings in the Australian market. At the last count, the company’s ANZ websites were commanding more than triple the visits of its nearest rival.

This certainly is a big positive given the current housing market boom, which is driving growth in listing volumes again. Combined with price increases, new revenue streams, and acquisitions, this bodes well for the REA Group’s performance in the second half of FY 2021 and the next financial year.

The latter includes the recent acquisitions of Mortgage Choice and Simpology, which are expected to allow REA Group to capture a growing slice of the mortgage broking market in the coming years.

Goldman Sachs is very bullish on REA Group. It recent retained its buy rating and lifted its price target to a lofty $198.00.

Xero Limited (ASX: XRO)

Another ASX growth share to look at is Xero. It provides small and medium sized businesses with a cloud-based business and accounting solution.

Over the last few years, Xero has been growing very strongly thanks to a combination of its international expansion, acquisitions, and the transition to the cloud. The good news is that these drivers remain in place, which bodes well for its future.

In fact, although the company recently finished FY 2021 with a sizeable 2.74 million subscribers, this is still only a fraction of its market opportunity. Management estimates that the cloud accounting subscriber total addressable market is 45 million at present.

Goldman Sachs is bullish on the company and has a buy rating and $165.00 price target on its shares. The broker believes Xero has a multi-decade growth runway. This thanks to its significant addressable market and opportunities to monetise its app ecosystem.

The post 2 excellent ASX growth shares analysts love 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. owns shares of and has recommended Xero. The Motley Fool Australia owns shares of and has recommended Xero. The Motley Fool Australia has recommended REA Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Respected fund manager Wilson Asset Management (WAM) has recently identified two ASX shares that it owns in its portfolio.

WAM operates several listed investment companies (LICs). Two of those LICs are WAM Capital Limited (ASX: WAM) and WAM Research Limited (ASX: WAX).

There’s also one called WAM Leaders Ltd (ASX: WLE) which looks at the larger businesses on the ASX.

WAM says WAM Leaders actively invests in the highest quality Australian companies.

The WAM Leaders portfolio has delivered gross returns (that’s before fees, expenses and taxes) of 14.9% per annum since inception in May 2016, which is superior to the S&P/ASX 200 Accumulation Index average return of 10.4%.

These are the ASX shares that WAM outlined in its most recent monthly update:

ResMed Inc (ASX: RMD)

WAM Leaders says that ResMed is a respiratory device manufacturer and medical software as a service (SaaS) provider.

The fund manager noted that the company experienced a significant rise during June largely as a result of Philips, a key competitor in the obstructive sleep apnea (OSA) industry, announcing a recall of 3 million to 4 million CPAP (continuous positive airway pressure) devices manufactured between 2009 and 2021 due to foam degradation issues.

WAM expects the ASX share to experience an increase in demand for devices as a result of this, which should aid in offsetting the channel destocking event that would usually occur ahead of the launch of a new device. Despite the recent share price momentum, the fund manager continues to be positive about the long-term outlook for ResMed as it expects performance market share gains to arise from Philips’ reputational damage and the upcoming ‘AirSense 11’ launch later this calendar year to drive revenue higher.

The fund manager believes the ASX share’s valuation compared to the growth outlook of ResMed is more attractive than its large healthcare peers.

According to Commsec, the ResMed share price is valued at 38x FY23’s estimated earnings.

Cochlear Limited (ASX: COH)

WAM Leaders described Cochlear as a business that manufactures cochlear implant devices to hearing impaired children and adults.

The fund manager pointed that that Cochlear is benefiting from a situation of a similar nature to ResMed. Recent data points suggest Cochlear continues to benefit from market share gains as a result of competitor Advanced Bionics, which is part of Sonova, announcing a recall of some of its cochlear implant devices in February 2020.

The reputational damage of a recall is significant, as the faulty devices require surgical explanting, and in paediatrics can significantly impede speech development, according to WAM.

On top of that, WAM Leaders also said that the ASX share remains a clear winner of the reopening trade and recent feedback from US audiologists suggest cochlear implant patient numbers are strongly above pre-COVID levels. It also said that patient numbers in the quarter ending 30 June 2021 was well above the 2020 calendar year.

The post WAM Leaders thinks these ASX shares might be buys appeared first on The Motley Fool Australia.

More reading

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• The 5 best ASX 200 healthcare shares of financial year 2021
• 3 ASX 200 shares named as buys

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Cochlear Ltd. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended ResMed. The Motley Fool Australia has recommended Cochlear Ltd. and ResMed Inc. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Thursday the S&P/ASX 200 Index (ASX: XJO) gave back its morning gains and tumbled lower. The benchmark index fell 0.25% to 7,335.9 points.

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

ASX 200 expected to open flat

The Australian share market looks set to end the week in a subdued fashion. According to the latest SPI futures, the ASX 200 is expected to open the day flat this morning. This follows a mixed night on Wall Street which saw the Dow Jones rise 0.15%, the S&P 500 drop 0.3%, and the Nasdaq tumble 0.7% lower.

Oil prices slide

Energy producers such as Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could have a difficult finish to the week after oil prices dropped overnight. According to Bloomberg, the WTI crude oil price is down 2.2% to US$71.54 a barrel and the Brent crude oil price is down 2% to US$73.30 a barrel. Concerns over supply increases put pressure on prices.

Tech shares on watch

Australian tech shares such as Afterpay Ltd (ASX: APT) and Appen Ltd (ASX: APX) will be on watch today. This follows a poor night of trade on the tech-focused Nasdaq index overnight, which tumbled 0.7% despite the release of some solid quarterly results. As the local tech sector tends to follow the Nasdaq’s lead, this may not bode well for today’s session.

Xero given buy rating

The Xero Limited (ASX: XRO) share price could be good value according to analysts at Goldman Sachs. In response to prices increases and peer valuations, the broker has retained its buy rating and lifted its price target to $165.00. This compares to the latest Xero share price of $134.46.

Gold price rises

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) will be on watch after the gold price pushed higher. According to CNBC, the spot gold price is up 0.3% to US$1,830.10 an ounce. The precious metal hit a one-month high following dovish comments out of the US Federal Reserve.

The post 5 things to watch on the ASX 200 on Friday 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. owns shares of and has recommended AFTERPAY T FPO, Appen Ltd, and Xero. The Motley Fool Australia owns shares of and has recommended AFTERPAY T FPO, Appen Ltd, and Xero. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The S&P/ASX 200 Index (ASX: XJO) dropped around 0.25% today to 7,336 points.

Here are some of the highlights from the ASX:

Sydney Airport Holdings Pty Ltd (ASX: SYD)

The Sydney Airport share price dropped slightly today after the infrastructure business’ board rejected the takeover approach.

If you didn’t see it, a consortium of infrastructure investors offered Sydney Airport an indicative price of $8.25 per share.

After carefully considering the indicative offer, including obtaining advice from advisers, the business decided it undervalued Sydney Airport and is not in the best interests of shareholders.

The boards of Sydney Airport acknowledged that the Sydney Airport share price is likely to trade below the consortium’s proposal indicative price in the short-term, but would only accept a proposal that values the long-term potential of Sydney Airport.

Sydney Airport referenced a number of things for why it came to its conclusion. It said that the bid for the ASX 200 share was opportunistically timed given the significant impact of the COVID-19 pandemic on Sydney Airport’s airport. The board pointed out that the indicative price is below where Sydney Airport’s share price was traded before the pandemic.

It also pointed out the significant value of Sydney Airport’s land assets and potential to create additional value through further development of on-airport commercial property opportunities.

Finally, Sydney Airport said:

Sydney Airport is strongly positioned to deliver growth as vaccination rates increase and we move into the post pandemic recovery period. It has rapidly adapted to the COVID-19 environment, strengthening its balance sheet, and tightly managing costs to maintain flexibility to respond to a range of recovery scenarios and pursue sensible growth opportunities as the recovery unfolds.

Woodside Petroleum Limited (ASX: WPL)

Woodside Petroleum released its second quarter report for the period ended 30 June 2021.

It said that it achieved sales revenue of almost $1.3 billion, up 15% from the first quarter of 2021.

Woodside delivered production of 22.7 million barrels of oil equivalent (MMboe), down 4%

It also delivered sales volume of 28.1 MMboe, up 9% from the first quarter of 2021.

The Woodside acting CEO Meg O’Neill said:

Revenue from oil sales during the period was higher than the first quarter supported by an above-market average realised price of $75 per barrel, while revenue from LNG sales climbed 14%.

Lower oil production due to scheduled maintenance activities and adverse weather impacts was partly offset by a strong quarterly performance at Pluto, which achieved 97% reliability.

The ASX 200 resources company also signed a heads of agreement (HOA) with IHI Corporation and Marubeni Corporation to investigate the production and export of green ammonia renewable from renewable hydroelectric power in Tasmania.

Sezzle Inc (ASX: SZL)

The Sezzle share price went up 5% today after announcing that Discover is investing US$30 million into Sezzle shares at a price of AU$8.83.

In addition to the investment and, subject to finalising a definitive commercial agreement, the two businesses propose to enter into an expanded partnership, including plans for a buy now, pay later network solution on the Discover Global Network, as well as a dedicated referral program introducing Discover credit and debit products to Sezzle’s consumer base.

The executive chair and CEO of Sezzle, Charlie Youakin, said:

We are excited about our relationship with Discover, as we believe our mission, vision and values align. Discover’s capabilities via their network and financial products will enhance our own offerings and provide more paths to financially empower our consumers.

The post ASX 200 drops, Woodside down, Sezzle rises appeared first on The Motley Fool Australia.

More reading

• ASX 200 struggles despite lowest unemployment rate in a decade
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• Why ARB, Rhythm Biosciences, Sezzle, & Spark shares are storming higher
• ASX 200 midday update: Afterpay & Zip sink again, ARB shoots higher

Motley Fool contributor Tristan Harrison 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 Bruce Jackson.

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Telstra Corporation Ltd (ASX: TLS) shares finished Thursday’s trading session flat.

By the close of trade, the Telstra share price was sitting at $3.78, the same price at which it ended yesterday’s session.

This came after the company’s shares hit a new 52-week high of $3.80 during intraday trading today before partially retreating.

It was also against a backdrop of reports over a battle that’s surfacing between Telstra and rival telco Optus.

The tensions are due to a set of proposed restrictions to be placed on Telstra at an upcoming auction for low-band spectrum in November.

Let’s take a closer look at what’s unfolding between the two Australian telco giants.

Proposed limits on Telstra

Low-band spectrum enables mobile data to be carried over great distances in regional Australia, so it stands to reason it is of high importance for regional communities.

Under the restrictions, proposed by the Australian Competition and Consumer Commission (ACCC), the amount of low-band spectrum Telstra can buy at the auction in November will be capped.

The proposal also dictates that Telstra would be forced to hand over a portion of the spectrum it already owns, for independent sale.

Telstra is nudging the ACCC to allow it to bid for up to 43% of the spectrum available in the auction.

Telstra chief executive Andrew Penn voiced opposition to the proposed restrictions on Telstra at the upcoming auction in yesterday’s Sydney Morning Herald.

Penn believes the restrictions will affect the quality of services in regional areas:

If our spectrum is reduced, our network experience and coverage will effectively be reduced for regional and rural Australia.

Optus’ battle of words

Telco rival Optus, which is owned by Singapore Telecommunications Limited, has since weighed in on the debate and is urging the ACCC to impose further restrictions on its rival.

Optus chief executive Kelly Bayer Rosmarin hit back at Penn’s comments, as today’s Sydney Morning Herald (SMH) reported.

Bayer Rosmarin stated:

The current proposed auction rules ensure that all mobile operators have the opportunity to purchase enough spectrum to meet their current and future needs.

Optus vice-president of regulatory and public affairs, Andrew Sheridan, stated (also quoted by SMH):

If we don’t have a limit in this auction, then the risk is we won’t be able to get more spectrum.

Auction limits promote competition in the bidding process. They are considered to be routine in Australia.

Telstra share price snapshot

The Telstra share price has posted a year to date return of almost 27%, extending the previous 12 months’ return of around 9%.

These returns have beaten the S&P/ASX 200 Index (ASX: XJO)’s return of ~11% this year.

However, Telstra shares have lagged the broad index’s 12 month return of 21%.

At the time of writing, Telstra has a market capitalisation of around $45 billion.

The post Telstra (ASX:TLS) share price struggles as Optus cries foul appeared first on The Motley Fool Australia.

More reading

• Here are 3 of the most heavily traded ASX 200 shares today
• 2 top ASX dividend shares with BIG yields
• What’s happening to the Telstra (ASX:TLS) share price?
• Macquarie Telecom (ASX:MAQ) rockets 12% to new all-time high
• This ASX telco grew 3 times faster than the Telstra (ASX:TLS) share price

The author Zach Bristow has no positions 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 owns shares of and has recommended Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re looking for some growth shares to add to your portfolio this month, then the two listed below might be worth considering.

Here’s why these ASX growth shares have been rated as buys recently:

Breville Group Ltd (ASX: BRG)

The first ASX growth share to look at is Breville. It is the leading appliance manufacturer behind the Baratza, Breville, Kambrook, and Sage brands.

Thanks to a combination of acquisitions, its international expansion, and its continuous investment in research and development (R&D), Breville has been growing at a solid rate for many years. This has continued in FY 2021, with Breville reporting a 28.8% increase in first half revenue to $711 million and a 29.2% increase in net profit after tax to $64.2 million.

The good news is that Breville has been tipped to continue its growth in the future. UBS expects this to be driven by further geographic expansion, new product launches, and potential acquisitions.

UBS currently has a buy rating and $35.70 price target on its shares. This compares to the current Breville share price of $30.09.

IDP Education Ltd (ASX: IEL)

Another ASX growth share to look at is IDP Education. It is a provider of international student placement and English language testing services. IDP Education has operations across the world and recently added to them with a major acquisition in India.

By acquiring the IELTS India business from the British Council, IDP Education is now the dominant language testing force in the huge market. But it may not stop there. Analysts at Goldman Sachs see scope for IDP Education to acquire other IELTS businesses in the future.

It said: “In our view, the acquisition of BC’s Indian IELTS operations is an indication of IEL’s willingness to deploy capital toward synergistic acquisitions, and may pave the way for further transactions in other countries,”

It is partly for this reason that Goldman recently put a buy rating and $35.00 price target on its shares. This compares to the latest IDP Education share price of $29.80.

The post 2 highly-rated ASX growth shares tipped as buys appeared first on The Motley Fool Australia.

More reading

• 3 ASX growth shares that could be excellent buy and hold options
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• IDP Education (ASX:IEL) share price higher on bullish broker note
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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. owns shares of and has recommended Idp Education Pty 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 Bruce Jackson.

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It feels like the Rio Tinto Ltd (ASX: RIO) share price has spent most of this year drifting sideways, despite a solid year-to-date return of 13%.

Encouragingly, Rio Tinto shares closed 2.23% higher today at $131.14, within arms reach of their record high of $132.94.

Rio Tinto share price breaking out?

Resources was the best-performing sector today, with the S&P/ASX Materials (INDEXASX: XMJ) index gaining 1.37%.

Iron ore majors Rio Tinto, BHP Group Ltd (ASX: BHP), and Fortescue Metals Group Ltd (ASX: FMG) led the way, gaining 2.23%, 1.12% and 2.06% respectively.

All three heavyweights are close to retesting previous all-time highs set around May this year.

Supporting today’s strong performance is the iron ore spot price. This has continued to remain firm, trading at US$217.94/tonne, according to Market Index.

Since late April, iron ore prices have surged from US$170/tonne to well over US$200/tonne.

However, the Rio Tinto share price has struggled to follow, largely moving sideways.

This could be in response to experts, including the Australian Government’s commodity forecaster, Office of the Chief Economist (OCE), and Goldman Sachs predicting iron ore could fall in the short to medium term.

The OCE June quarterly report said: “Prices are forecast to average around US$150 a tonne in 2021, before falling to below US$100 a tonne by the end of 2022, as Brazilian supply recovers and Chinese steel production softens.”

It’s not all doom and gloom for Rio Tinto shares

Contrary to expectations, Macquarie currently has an outperform rating and $163 target for the Rio Tinto share price.

As covered by my colleague James Mickleboro, the broker believes the iron ore miner could be paying some generous dividends in the near term. It is forecasting a fully franked dividend per share of $13.19 in FY21 and $11.16 in FY22.

At current prices, this translates to yields of 10.07% and 8.52%.

The post Rio Tinto (ASX:RIO) share price within 2% of all-time high appeared first on The Motley Fool Australia.

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• Behind the Nearmap share price surge, upgrades for Rio and BHP. Scott Phillips on Nine’s Late News
• Why the Fortescue (ASX:FMG) share price has rallied 6% in the last week
• 2 high quality ASX dividend shares with very big yields
• Are the 10 highest paid ASX 200 CEOs worth their paypackets?
• Why is the Mineral Resources (ASX:MIN) share price up 4% today?

Motley Fool contributor Kerry Sun 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 Bruce Jackson.

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The Integrated Research Limited (ASX: IRI) share price was on form on Thursday. The performance management software company’s shares rose 2% to $1.96.

Investors will now be hoping that the Integrated Research share price builds on this on Friday following the release of a trading update after the market close.

What did Integrated Research announce?

The company notes that in late June it provided guidance for full year revenue in the range of $74.1 million to $79.1 million and full year profit after tax in the range of $4.1 million to $7.1 million.

According to today’s update, management is now expecting its revenue to be at the top end of its guidance range and its profit after tax to be a touch ahead of its guidance range.

Positively for the Integrated Research share price, the company also notes that its net cash has increased over the last 12 months. It stood at $5.5 million at the end of June 2021, up from $4.7 million in June 2020.

What were the drivers of this outperformance?

Management advised that this outperformance was driven by a number of new contract signings and renewals that closed toward the end of the reporting period.

In addition to this, unrealised exchange gains over the month of June were a contributing factor to its profit exceeding its guidance range.

What about the future?

Integrated Research advised that it continues its transformation with the launch of new cloud-based products to drive long term growth and recurring subscription revenues.

It also revealed that it recently added new customers with these new solutions. This includes support for the Microsoft Teams and Zoom environments. And as anticipated, a new solution for Webex was released in June.

In light of this, management expects further growth in its customer base in FY 2022.

The Integrated Research share price has lost almost half of its value over the last 12 months. Shareholders will no doubt be hoping this is an inflection point for its shares.

The post Integrated Research (ASX:IRI) share price on watch after beating FY 2021 guidance appeared first on The Motley Fool Australia.

More reading

• Why Boral, Integrated Research, Swick, & Swoop shares are pushing higher
• Integrated Research (ASX:IRI) share price jumps 5% on trading update

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. owns shares of and has recommended Integrated Research Limited. 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 Bruce Jackson.

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If you’re looking to diversify your portfolio, then you might want to look at adding a little exposure to the resources sector.

But which shares could be good options? Two that could be worth considering are listed below. Here’s why they are highly rated:

BHP Group Ltd (ASX: BHP)

The Big Australian could be a top option ASX 200 mining share to look at. It is a world-leading resources company extracting and processing minerals and oil and gas. It employees a massive 80,000+ employees and contractors, primarily in Australia and the Americas.

Its operations cover a range of commodities, some of which are commanding very high prices at present. In light of this, the company has been tipped to deliver strong profits in the near term. It also has opportunities, particularly in oil, that could drive further growth in the future.

Another big positive with BHP is the strength of its balance sheet. This positions it perfectly to return surplus cash to shareholders through dividends and buybacks.

Analysts at Macquarie are very positive on BHP. They are forecasting a record second half result next month and a big final dividend. The broker currently has an outperform rating and $63.00 price target on BHP’s shares.

Mineral Resources Limited (ASX: MIN)

Another ASX 200 mining share to consider is Mineral Resources. It is a mining and mining services company with a world class portfolio of operations across lithium and iron ore.

Demand for these two commodities is very strong at the moment. As a result, they are commanding very high prices, which bodes well for Mineral Resources’ profits and dividends.

It is for this reason that Macquarie is also very positive on Mineral Resources. The broker currently has an outperform rating and $73.00 price target on its shares. And as with BHP, Macquarie is forecasting big dividends in the near term.

The post 2 ASX 200 mining shares that could be buys appeared first on The Motley Fool Australia.

More reading

• Why the BHP (ASX:BHP) share price has surged 3% this week
• What to consider before investing in blue-chip ASX shares
• Behind the Nearmap share price surge, upgrades for Rio and BHP. Scott Phillips on Nine’s Late News
• Why the Fortescue (ASX:FMG) share price has rallied 6% in the last week
• Which ASX 200 shares helped deliver record profits and a 4.5% dividend?

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 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 Bruce Jackson.

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