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:
Chalice Mining Ltd (ASX: CHN)
According to a note out of Bell Potter, its analysts have retained their speculative buy rating and $5.40 price target on this mineral exploration company's shares. This follows the release of positive drilling results from its Julimer complex. The broker continues to believe that there's potential for Julimar to emerge as a globally significant and strategic PGE-Ni-Cu deposit and operation. The Chalice Mining share price is trading at $1.64 today.
NIB Holdings Limited (ASX: NHF)
A note out of Morgans reveals that its analysts have retained their add rating and $8.38 price target on this private health insurer's shares. While the broker sees potential changes to the NDIS as a negative for NIB's Thrive business, it isn't enough to dim its view of the company. Particularly given that its shares are trading at an attractive level today. The NIB share price is fetching $7.42 this afternoon.
Santos Ltd (ASX: STO)
Analysts at Macquarie have retained their outperform rating on this energy producer's shares with a slightly trimmed price target of $9.60. The broker believes that merger talks with its rival may not be the only M&A activity. Macquarie suspects that the news could prompt interest from other parties. It also sees opportunities to unlock value from alternatives, such as a demerger. The Santos share price is trading at $7.28 on Monday.
