If you're looking for some mining sector exposure, then you may want to check out the three ASX shares named below.
These ASX mining shares have all recently been named as buys. Here's what you need to know about them:
Azure Minerals Ltd (ASX: AZS)
The first ASX mining share that could be a buy is Azure Minerals. It is the lithium explorer behind the 60%-owned Andover project in Western Australia. Recent drilling results have been extremely positive and appear to indicate that the company is sitting atop a tier one asset. Bell Potter is positive and highlights that the project "could support a strategically significant spodumene concentrate business, close to bulk commodities ports, and major regional towns in Western Australia."
Bell Potter has a speculative buy rating and a $3 price target on its shares.
Boss Energy Ltd (ASX: BOE)
Another ASX mining share that could be a buy is Boss Energy. It is the South Australia-based uranium developer behind the Honeymoon project. This project is expected to restart operations by the end of the year. And thanks to a lack of near-term supply and an expansion in nuclear adoption, Bell Potter believes the company is well-positioned to benefit. Particularly given how it sees "its portfolio of 2.45Mlbs annual production as being exposed to higher prices over the short-medium term."
Bell Potter currently has a speculative buy rating and a $3.42 price target on its shares.
Pilbara Minerals Ltd (ASX: PLS)
Macquarie thinks that Pilbara Minerals is an ASX mining share to buy. This follows the release of the lithium miner's fourth-quarter production update. While the company reported lower-than-expected lithium prices, Macquarie was pleased to see its production coming in ahead of estimates and continues to forecast strong earnings in the coming years.
Its analysts have retained their outperform rating and $7.30 price target on the company's shares.