With so many shares to choose from on the ASX, it can be difficult to decide which ones to buy. The good news is that brokers across the country are doing a lot of the hard work for you.
Three top ASX shares that leading brokers have named as buys this week are listed below. Here's why they are bullish on them:
Coronado Global Resources Inc (ASX: CRN)
According to a note out of Goldman Sachs, its analysts have retained their buy rating and $2.15 price target on this coal miner's shares. This follows the release of a stronger-than-expected second-quarter update. Goldman highlights that Coronado's production was well ahead of its expectations for the quarter. This has the broker believing that the company will now deliver on the high-end of its guidance in FY 2023. The Coronado share price is trading at $1.70 on Monday.
Mineral Resources Ltd (ASX: MIN)
A note out of Bell Potter reveals that its analysts have retained their buy rating and $90 price target on this mining and mining services company's shares. Bell Potter notes that the company has further revised its agreement with Albemarle Corp. The broker has amended its earnings estimates to reflect the news. And while this means slightly lower earnings in the near term, it makes little difference to its longer-term expectations. As a result, it remains as positive as ever. Particularly given that it feels Mineral Resources' lithium business has significant expansion potential that has not yet been ascribed any value. The Mineral Resources share price is fetching $69.44 today.
Santos Ltd (ASX: STO)
Analysts at Morgans have retained their add rating on this energy producer's shares with a trimmed price target of $8.45. This follows the release of the company's quarterly update. While not blown away by the update, the broker remains positive due to Santos' diversified earnings base and resilient growth profile. The Santos share price is trading at $7.88 this afternoon.
