It has been another busy week for Australia's top brokers. This has led to the release of a large number of broker notes.
Three broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:
Nufarm Ltd (ASX: NUF)
According to a note out of Bell Potter, its analysts have retained their buy rating on this agricultural chemicals company's shares with a trimmed price target of $7.20. Bell Potter sees a pathway for Nufarm to achieve its FY 2026 revenue targets thanks to its omega-3 and carinata opportunities and continued over-indexing in ag-chem. The Nufarm share price is trading at $5.12 this afternoon.
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 reduced price target of $128.40. The broker has reiterated its bullish view ahead of the release of Rio Tinto's upcoming quarterly update. It likes the miner due to its valuation, free cash flow and balance sheet strength, and the operational turnaround in the Pilbara and copper. The Rio Tinto share price is fetching $111.63 today.
Silver Lake Resources Ltd (ASX: SLR)
Analysts at Macquarie have retained their outperform rating and $1.70 price target on this gold miner's shares. This follows the release of a stronger-than-expected quarterly update, which revealed production well ahead of the broker's estimates. Macquarie appears confident the positive form can continue in the near term. The Silver Lake share price is trading at $1.08 on Friday.
