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Looking for a passive income boost? Then the ASX dividend shares listed below could be worth considering.

Here’s why analysts rate them as buys right now:

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The first ASX dividend share that has been named as a buy is Dalrymple Bay Infrastructure.

It is an infrastructure company that operates the Dalrymple Bay Coal Terminal (DBCT) on a long term agreement.

Citi is a fan of the company and believes it is well-positioned to pay big dividends in the near term. Particularly given its positive exposure to inflation and its strong position within the Bowen Basin catchment region.

Citi is forecasting dividends per share of approximately 20.6 cents in FY 2023 and 21.6 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.73, this will mean generous yields of 7.5% and 7.9%, respectively.

Citi currently has an add rating and $2.80 price target on its shares.

Macquarie Group Ltd (ASX: MQG)

Another ASX dividend share that has been named as a buy is investment bank, Macquarie.

Morgans is one of a number of brokers that are positive on the company. This is due to Macquarie’s exposure to long-term structural growth areas such as infrastructure and renewables.

In addition, Morgans believes the company is well-placed to benefit from recent market volatility through its trading businesses.

In respect to dividends, the broker is expecting partially franked dividends of $8.28 per share in FY 2023 and $7.64 per share in FY 2024. Based on the current Macquarie share price of $179.60, this will mean yields of 4.6% and 4.25%, respectively.

Morgans has an add rating and $222.80 price target on the company’s shares.

The post Buy these ASX dividend shares now: analysts appeared first on The Motley Fool Australia.

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More reading

• Could buying Macquarie shares at under $180 make me rich?
• Why ASX shares in 2023 are eerily similar to 2019 (and what you should do)
• Buy these high yield ASX 300 shares for big dividends: brokers
• Morgans says these are some of the best blue chip ASX 200 shares to buy now
• Is right now a once-in-a-decade opportunity to buy ASX 200 bank shares?

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 Macquarie Group. 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 Wednesday, the S&P/ASX 200 Index (ASX: XJO) continued its winning streak with another decent gain. The benchmark index rose 0.5% to 7,343.9 points.

Will the market be able to build on this on Thursday? Here are five things to watch:

ASX 200 expected to edge lower

The Australian share market is expected to have a subdued session on Thursday after a poor night on Wall Street. According to the latest SPI futures, the ASX 200 is expected to open the day 2 points lower this morning. In the United States, the Dow Jones dropped 0.1%, the S&P 500 fell 0.4%, and the NASDAQ dropped 0.85%. This was driven by recession concerns, which offset positive inflation news in the US.

BHP-OZ Minerals scheme meeting

All eyes will be on BHP Group Ltd (ASX: BHP) and OZ Minerals Limited (ASX: OZL) shares on Thursday. That’s because the latter will be holding a scheme meeting to allow shareholders to vote on BHP’s proposed takeover of the copper miner for $28.25 per share or $9.8 billion.  The meeting will begin at 10:30am AEST.

Oil prices storm higher

ASX 200 energy shares Beach Energy Ltd (ASX: BPT) and Santos Ltd (ASX: STO) could have a strong session after oil prices stormed higher on Wednesday night. According to Bloomberg, the WTI crude oil price is up 2.1% to US$83.21 a barrel and the Brent crude oil price is up 1.9% to US$87.19 a barrel. This was driven by a lower than expected inflation reading in the United States.

Mineral Resources rated as a buy

The Mineral Resources Ltd (ASX: MIN) share price could be a top option for investors looking for exposure to the mining sector. That’s the view of analysts at Bell Potter, which have just retained their buy rating with a trimmed price target of $100. It explained: “We reduce our Target Price by 9.1%, driven by reductions to our lithium price forecasts, and maintain our Buy recommendation in accordance with our ratings structure, given our forecast TSR of 31.8%.”

Gold price rises

ASX 200 gold shares Evolution Mining Ltd (ASX: EVN) and Regis Resources Limited (ASX: RRL) could have a decent session after the gold price pushed higher overnight. According to CNBC, the spot gold price is up 0.45% to US$2,028 an ounce. Gold rose after US inflation came in softer than forecast, sparking hopes that the US Fed could pause its rate hikes.

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

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More reading

• I’m buying ASX 200 dividend stocks ahead of the next bull market
• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• Buy Rio Tinto shares ahead of BHP: Goldman Sachs
• I’m looking for once-in-a-decade opportunities in the stock market recovery
• 5 things to watch on the ASX 200 on Wednesday

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 Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) has had a very pleasing week thus far. The ASX 200 put on another 0.47% today, lifting the Index back over 7,340 points. That puts the share market’s gains for April at a pleasing 2.1% as it currently stands.

However, the ASX 200 still has a long way to go before we get back up to the all-time highs we saw in August 2021. Back then, the ASX 200 was over 7,600 points, a good 3.8% away from the levels we see today.

The ASX 200 has never failed to exceed a previous all-time high in its very long history. So I’m looking at picking up some additional ASX 200 dividend stocks before the next bull market carries ASX shares to a new all-time high.

When it comes to dividend investing, the importance of paying the right price cannot be overstated.

The actual dividends that a company pays are only one half of the equation when it comes to dividend yield.

To illustrate, let’s look at a popular ASX 200 dividend stock in Commonwealth Bank of Australia (ASX: CBA).

When a company pays out a dividend, its management must decide on a dollar amount per share. For instance, CBA’s last dividend payment came to $2.10 in dividends per share.

But CBA shares currently have a dividend yield of 4.24%. To get to this, we divide CBA’s share price by its dividends per share to get a percentage figure.

If CBA shares were trading at half their current price, the dividend yield would double. Conversely, if Commonwealth Bank shares were to double tomorrow, their dividend yield would halve.

So you can see how important share price is when buying a dividend share.

Which ASX 200 dividend stocks am I looking to buy?

That’s why I’m keen to load up on as many dividend shares as possible before the next bull cycle.

Right now, I’m seeing a lot of value in the ASX 200 retail sector. For example, Harvey Norman Holdings Limited (ASX: HVN) currently has a fully franked dividend yield of more than 8.3%. JB Hi-Fi Ltd (ASX: JBH) is close behnd at 7.7%. And Adairs Ltd (ASX: ADH) is also looking hot with its dividend yield of 8.7%.

Westpac Banking Corp (ASX: WBC) is another ASX 200 dividend share I’m looking at. While its dividend yield isn’t quite as high as some of those retail shares, a fully franked 5.64% isn’t anything to turn one’s nose up at.

Getting a decent dividend yield isn’t easy. So I’m doing my best to find some income winners before ASX shares take another run at the sky.

The post I’m buying ASX 200 dividend stocks ahead of the next bull market appeared first on The Motley Fool Australia.

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More reading

• Here are the 3 most heavily traded ASX 200 shares on Wednesday
• How reliable are the dividends from CBA shares?
• Could Westpac shares have ‘the greatest potential’ of all the ASX 200 bank stocks?
• I’m looking for once-in-a-decade opportunities in the stock market recovery
• It’s official, the ASX 200 big four banks are the world’s most capitalised. Should you buy?

Motley Fool contributor Sebastian Bowen has positions in Adairs. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Adairs and Harvey Norman. The Motley Fool Australia has positions in and has recommended Adairs and Harvey Norman. The Motley Fool Australia has recommended Jb Hi-Fi and 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) lifted on Wednesday, rising 0.47% to close at a five-week high of 7,343.9 points.

It followed a mixed session on Wall Street overnight. The Dow Jones Industrial Average Index (DJX: .DJI) rose 0.3%, while the S&P 500 Index (SP: .INX) traded flat, and the tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) posted a 0.4% fall.

Interestingly, however, the S&P/ASX 200 Information Technology Index (ASX: XIJ) was the top-performing sector today. It rose 1.4% on Wednesday.

Mining stocks also had a strong session, with the S&P/ASX 200 Materials Index (ASX: XMJ) gaining 1.4%, helped by shares in Champion Iron Ltd (ASX: CIA).

But it wasn’t all green on the Aussie bourse today. The S&P/ASX 200 Utilities Index (ASX: XUJ) fell 0.4% while the S&P/ASX 200 Financials Index (ASX: XFJ) slipped 0.1%.

So, with all that in mind, let’s take a look at today’s top-performing ASX 200 share.

Top 10 ASX 200 shares countdown

Today’s biggest gain was posted by ASX 200 tech outfit NextDC Ltd (ASX: NST) – its share price roared 8.1% higher to close at $12.02.

It came after the company released a positive update on customer contract wins.

These shares made today’s biggest gains:

ASX-listed company	Share price	Price change
NextDC Ltd (ASX: NST)	$12.02	8.09%
Megaport Ltd (ASX: MP1)	$4.34	7.69%
Champion Iron Ltd (ASX: CIA)	$7.33	7.01%
Lendlease Group Ltd (ASX: LLC)	$7.86	4.24%
De Grey Mining Ltd (ASX: DEG)	$1.63	3.82%
Liontown Resources Ltd (ASX: LTR)	$2.72	3.82%
Nickel Industries Ltd (ASX: NIC)	$0.935	3.31%
Sims Ltd (ASX: SGM)	$16.43	2.94%
West African Resources Ltd (ASX: WAF)	$1.05	2.94%
Rio Tinto Ltd (ASX: RIO)	$121.76	2.71%

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 Wednesday
• Top brokers name 3 ASX shares to buy today
• Which ASX 200 mining share is rocketing 9% today?
• Why 29Metals, NextDC, Sims, and South32 shares are racing higher
• ASX 200 tech share NextDC just rocketed 9%. Here’s why

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 Megaport. The Motley Fool Australia has recommended Megaport. 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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CSL Ltd (ASX: CSL) shares first listed on the ASX way back on 8 June 1994.

The S&P/ASX 200 Index biotechnology company floated for $2.30 per share. But once we take share buybacks into account, the adjusted entry price works out to around 76 cents per share.

We won’t go back quite that far.

But here’s how much I’d have now if I’d invested $1,000 in CSL shares 24 years ago.

Invest in CSL shares like it’s 1999

Investing with perfect hindsight is a wonderful thing.

While some companies have lost value or even collapsed since listing, you might be surprised how many ASX 200 shares have rocketed over the long term.

CSL shares certainly count among the winners.

Back on 16 April 1999, CSL closed the day trading for $4.23 per share.

That means I could have bought 236 shares with my $1,000 and had enough left over for a cup of 1999-priced coffee.

At the time of writing, CSL is trading for $304.31 per share.

If I opted to sell those 236 shares today they’d get me a whopping $71,817 and change.

In other words, the stock would have seen me gain 7,081% on my initial investment over 24 years, from share price appreciation alone.

Don’t forget the dividends!

But let’s not forget that CSL shares also have a lengthy track record of delivering dividends.

According to my calculations, the biotech company has paid out approximately $28 per share in dividends since April 1999. That’s more than six times what I would have paid for those shares in 1999.

Assuming I didn’t reinvest those dividends but simply tucked the cash under my mattress for a rainy day, I’d have earned some $6,608 in passive income from my 236 shares.

Adding that in, my total gains on that $1,000 investment in 1999 have leapt to an eye-popping 7,742%.

Granted, inflation over that period will have cut those gains roughly in half in real terms.

But still, try getting that kind of yield from your bank!

The post If I’d invested $1,000 in CSL shares 24 years ago, here’s how much I’d have now! appeared first on The Motley Fool Australia.

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More reading

• Why did the CSL share price lag the ASX 200 in the first quarter of 2023?
• Build your portfolio around these ASX 200 blue chip shares: brokers
• Top defensive ASX shares to buy in April 2023
• Top brokers name 3 ASX shares to buy next week
• My top 5 ASX shares to buy and hold forever in anticipation of the bull market

Motley Fool contributor Bernd Struben 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. 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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If you want to bolster your portfolio with some ASX 200 blue chip shares, then you might want to check out the two named below.

Both have been tipped as buys by brokers recently. Here’s why they are bullish:

Treasury Wine Estates Ltd (ASX: TWE)

The first ASX 200 blue chip share that has been named as a buy is Treasury Wine. It is the wine giant behind popular brands including 19 Crimes, Wolf Blass, and of course, Penfolds.

It has been tipped to deliver strong earnings growth in the coming years by analysts at Morgans. This is thanks to its talented management team and strong brands. In addition, the broker believes its shares are cheap compared to global peers. It commented:

TWE owns much loved iconic wine brands, the jewel in the crown being Penfolds. We rate its management team highly. The foundations are now in place for TWE to deliver strong earnings growth from the 2H22 over the next few years. Trading at a material discount to our valuation and other luxury brand owners, TWE is a key pick for us.

Morgans has an add rating and $13.93 price target on the company’s shares.

Woolworths Limited (ASX: WOW)

Another ASX 200 blue chip share that has been tipped as a buy is Woolworths. It is the retail giant behind the Woolworths supermarket chain, Big W, and a growing pet care and food business.

Goldman Sachs is very positive on Woolworths. This is due to its strong market position and digital leadership. The broker expects the latter to become important in the future and suspects it could help drive further market share and margin gains. It commented:

WOW continues to be our top pick in the supermarkets sector given its clear margin expansion runway including continued productivity savings at the store network, scaling of e-Comm and Retail Media businesses, for which it is the early mover into.

Goldman currently has a conviction buy rating and $41.00 price target on the company’s shares.

The post Brokers say these ASX 200 blue chip shares are buys appeared first on The Motley Fool Australia.

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More reading

• What could China trade talks mean for the Treasury Wine share price?
• Top brokers name 3 ASX shares to buy today
• I’m looking for once-in-a-decade opportunities in the stock market recovery
• Here are the top 10 ASX 200 shares today
• Is Woolworths ‘the granddaddy of recession-proof stocks’?

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Treasury Wine Estates. 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 Treasury Wine Estates Ltd (ASX: TWE) share price is up 2.15% today to $14, and up almost 6.5% this week amid news of a further thawing in the trade relationship between China and Australia.

Acting Prime Minister Penny Wong announced an agreement between the Chinese and Australian Governments yesterday regarding barley tariffs.

She said China has agreed to an “expedited review” of its tariffs on Australian barley, while Australia will suspend its action against China with the World Trade Organisation.

The review is expected to take three months, or possibly four at the most.

Wong said the government was working to remove Chinese tariffs on a range of Australian goods.

If a deal can be reached on barley, Wong said “probably the next one I’d want to look at is wine”, according to the Australian Financial Review (AFR).

Potential wine tariff change lifts Treasury Wine share price

With no news from Treasury Wine today, it’s likely the share price is rising on the back of this news.

China introduced tariffs of 80% on Australian barley in May 2020. It followed that up with tariffs of up to 212% on Australian wine in November 2020.

This occurred amid souring political relations with the Morrison Government.

The Treasury Wine share price crashed to $7.87 per share on 5 November on news of the tariffs. Just three months earlier, it had been trading 26% higher.

It has taken some time for the ASX wine share to recover after losing such a valuable export market.

China remained a priority though, with Treasury Wine establishing vineyards in China to get around the tariffs.

It even launched a new brand just for China, called One by Penfolds. It sources grapes from China, France, and the United States.

Treasury also went on to find other markets for its wines, which it says has diversified its business.

In an investor presentation this month, Treasury Wine said this had “strengthened diversification of [the] global business following the implementation of China tariffs on Australian wine”.

The company said it has “expanded [the] distribution footprint in priority growth markets and channels throughout Asia and the US”.

How important is China to Treasury Wine Estates?

China used to be a key customer of Treasury Wine. The country’s penchant for the winemaker’s unique brands, particularly the prestigious Penfolds label, delivered Treasury Wine some handsome profits.

Back in January, Tribeca portfolio manager Jun Bei Liu said even a tariff reduction would create “an earnings upgrade of between 15% to 20% for [Treasury Wine]”.

She said the Treasury Wine share price (trading at about $14.40 at the time) “hasn’t really reflected that yet”.

According to The Sydney Morning Herald, Treasury Wine CEO Tim Ford says even if China removed its tariffs, it would take time for Treasury Wine to rebuild its previous export capacity of 600,000 cases.

Ford said:

It would certainly take us time to increase the makes of those wines … because we’ve done such
a good job of reallocating what was going to China a couple of years ago.

Ford said the company has “plans and strategies in place” if the wine tariffs are removed quickly.

The post What could China trade talks mean for the Treasury Wine share price? appeared first on The Motley Fool Australia.

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More reading

• Top brokers name 3 ASX shares to buy today
• Here are the top 10 ASX 200 shares today
• How I would build a Warren Buffett-style portfolio with ASX 200 shares
• Top ASX shares to buy in April 2023
• Morgans says these are some of the best blue chip ASX 200 shares to buy now

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 recommended Treasury Wine Estates. 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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What a week this week is turning out to be for the S&P/ASX 200 Index (ASX: XJO). After rocketing a solid 1.26% yesterday, the ASX 200  is keeping the post-Easter party going today with another session of strong gains.

At the time of writing, the Index is up by a happy 0.43%, putting the ASX 200 back over 7,340 points. The chocolate rush certainly shows no signs of abating.

But time now to take a look at the shares that are currently at the peak of the ASX 200’s share trading volume charts so far this session, according to investing.com. 

The 3 most traded ASX 200 shares by volume this Wednesday

Nickel Industries Ltd (ASX: NIC)

ASX 200 nickel producer Nickel Industries is first up for examination. This Wednesday has seen a notable 16.337 million Nickel Industries shares bought and sold thus far. After announcing a new issuance of notes yesterday morning, we haven’t heard anything out of Nickel Industries today.

However, that hasn’t stopped this ASX share from making a big move. At present, Nickel Industries shares have gained an impressive 3.59% this session to 93.75 cents a share. It seems this big move upwards is to thank for this company’s presence here today

Sayona Mining Ltd (ASX: SYA)

Next up this Wednesday is ASX 200 lithium share Sayona Mining. So far this session, a sizeable 17.97 million Sayona shares have slid across the share market. There hasn’t been any fresh news out of Sayona so far today. So this volume is probably a result of the volatility we have seen with this company on the markets today.

Sayona has spent time in both positive and negative territory. The lithium miner is currently up by 1.03% at 19.7 cents per share but dropped to 19.2 cents earlier this morning (down 1.5%). It’s this bouncing around that probably explains why so many shares are trading.

Pilbara Minerals Ltd (ASX: PLS)

Third and finally, let’s check out another ASX 200 lithium stock in Pilbara Minerals. A hefty 22.62 million PIblara shares have changed hands on the markets today as it currently stands. There’s been no news out of Pilbara today either.

But, regardless, the Pilbara share price has tanked by a nasty 3.39% at present to $3.565 a share. My Fool colleague James posited that this could be a result of concerns that lithium prices could have further to fall. But it’s this large sell-off that we can probably thank for the high volumes on display here.

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

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More reading

• Why Future Generation, Pilbara Minerals, Platinum, and Whitehaven Coal shares are dropping
• Pilbara Minerals is one of the cheapest shares in the ASX 200. Am I buying?
• I’m looking for once-in-a-decade opportunities in the stock market recovery
• ‘Attractive value’: 2 ASX 200 mining shares ‘worth adding’ right now
• 5 things to watch on the ASX 200 on Wednesday

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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What if I told you investing in ASX dividend shares today could see you with a passive income stream large enough to retire on in just seven years? It might sound too good to be true, but it’s not.

By building a portfolio of ASX dividend shares, one might find themselves sitting back and enjoying their second life by the end of the decade. All without forfeiting a regular income.

So, how much would you have to sink into the stock market now to build a retirement-worthy passive income by 2030? Let’s take a look.

How much dividend income do I need to retire?

The size of the cash stream needed to enjoy retirement will differ from person to person, but let’s assume a $50,000 annual income will get you by.

If you can build a portfolio of ASX shares capable of paying an above-average, but not unheard of 6.5% dividend yield, you’ll need around $780,000 worth of stocks to receive such an income.

That may sound like a huge sum. Fortunately, however, there are still close to seven years left in the decade to reach our figurative goal.

Investing now to retire by 2030

The S&P/ASX 200 Index (ASX: XJO) has historically provided investors with an average annual return above that offered by savings accounts – even considering recent interest rate hikes.

The index has provided an average total annual return of 8.18% over the last decade.

If that return holds steady for the years to come, one will need to invest just $450,000 now to have a portfolio capable of providing $50,000 of annual dividend income by 2030.

Let’s take a look at how that nest egg would grow over the years:

Years invested	Portfolio value
0	$450,000
1	$486,810
2	$526,631
3	$569,709
4	$616,312
5	$666,726
6	$721,264
7	$780,264

The power of compounding, folks! And just imagine how much further that would have grown if one were to have regularly and consistently added to it over the years.

It’s worth noting, however, that no investment is guaranteed to provide returns or downside protection, and past performance isn’t indicative of future performance.

The post Here’s how much you need to invest now to retire on dividend income by 2030 appeared first on The Motley Fool Australia.

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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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Many of Australia’s top brokers have been busy adjusting their financial models again, leading to the release of a number of broker notes this week.

Three ASX shares brokers have named as buys this week are listed below. Here’s why they are bullish on them:

Arafura Rare Earths Ltd (ASX: ARU)

According to a note out of Bell Potter, its analysts have retained their speculative buy rating and 72 cents price target on this rare earths developer’s shares. This follows news that the company has signed a major offtake agreement with Siemens Gamesa Renewable Energy. The broker believes this is a milestone and supports its impending final investment decision on the Nolans project. The Arafura share price is trading at 49.7 cents on Wednesday.

Rio Tinto Ltd (ASX: RIO)

A note out of Goldman Sachs reveals that its analysts have retained their buy rating on this mining giant’s shares with a slightly trimmed price target of $138.30. The broker has been running the rule over the mining sector and continues to see Rio Tinto as one of the best options. This is due to its attractive valuation, strong free cash flow generation, and an expected operational turnaround in the Pilbara and copper. The Rio Tinto share price is fetching $121.41 this afternoon.

Treasury Wine Estates Ltd (ASX: TWE)

Analysts at Morgan Stanley have retained their overweight rating and $15.40 price target on this wine company’s shares. The broker highlights that trade relations between Australia and China are improving. And while wine is not currently on the agenda, it sees scope for this to change in the future. This would be a major boost to the company’s operations after being effectively shut out of China two and a half years ago. The Treasury Wine share price is trading at $14.01 today.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

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More reading

• Buy Rio Tinto shares ahead of BHP: Goldman Sachs
• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today
• Why Arafura, Core Lithium, Mayne Pharma, and Newcrest shares are storming higher
• Here’s why the Arafura share price is racing 11% higher

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Treasury Wine Estates. 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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