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:
Lovisa Holdings Ltd (ASX: LOV)
According to a note out of Morgans, its analysts have retained their add rating and $27.50 price target on this fashion jewellery retailer's shares. This follows a review of the retail sector following recent updates at annual general meetings. The broker remains very positive on Lovisa and has named it as one of its top picks in the sector. The Lovisa share price is trading at $23.10 on Friday.
Newmont Corporation (ASX: NEM)
A note out of Macquarie reveals that its analysts have retained their outperform rating and $69 price target on this gold miner's shares. This follows a site visit to the Boddington gold mine, which the broker believes has global significance. Particularly given the potential for its mine life to be extended out as far away as the 2060s. The Newmont share price is fetching $61.34 this afternoon.
Origin Energy Ltd (ASX: ORG)
Another note out of Macquarie reveals that its analysts have retained their outperform rating on this energy giant's shares with a trimmed price target of $9.26. The broker highlights that now could be a good time to invest in Origin as it is entering a period of strong cash generation. It believes this could result in higher-than-expected dividends in the coming years. The Origin share price is trading at $8.03 on Friday afternoon.
