Bell Potter names more of the best ASX 200 stocks to buy in June

These stocks are top picks in June according to the broker.

| More on:
A man holding a cup of coffee puts his thumb up and smiles while at laptop.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you are hunting some new additions to your portfolio in June, then the ASX 200 stocks listed below could be worth a look.

They have both been named as favoured shares by Bell Potter for the month ahead. The broker notes that these are the shares that it believes "offer attractive risk-adjusted returns over the long term."

In addition, Bell Potter highlights that when choosing its picks it considers the current macro-economic backdrop and investment environment, focusing on quality companies with proven track records, capable management, and competitive advantages.

You can read about the first three ASX 200 stocks on the list here. Let's now take a look at two more of the broker's top picks:

Regis Resources Ltd (ASX: RRL)

This gold miner could be one of the best ASX 200 stocks to buy this month according to Bell Potter.

Regis Resources is a multi-mine gold producer with all its operating mines located in Western Australia. Its flagship project is the Duketon Gold Project and produces ~300k ounces per annum.

Bell Potter believes these assets are very attractive and could make the miner a takeover target in the future. It commented:

As one of the largest ASX listed gold producers, we are attracted to its all-Australian asset portfolio and organic growth options which are unique at this scale. Furthermore, we see key opportunities in the fundamental, medium-term outlook and, in our view, these may also make RRL an appealing corporate target in the current conducive M&A environment.

The broker has a buy rating and $2.80 price target on its shares.

ResMed Inc. (ASX: RMD)

Another ASX 200 stock that could be a best buy this month is ResMed.

It is a medical device company specialising in the obstructive sleep apnoea (OSA) market.

Bell Potter notes that this is a lucrative market to be in, with the OSA market growing in the high-single digits. And as ResMed is the largest player in the field, it stands to benefit greatly from its growth. It commented:

The market for OSA and chronic obstructive pulmonary disease (COPD) remains under penetrated, and we expect industry volume growth to continue in the 6-8% range for the foreseeable future. In this regard, the competitive dynamics are very much in favour of RMD due to the Philips recall and improving semiconductor availability. Furthermore, ResMed is well-positioned to build on its dominant share even after Philips returns to the global market, with the launch of its latest continuous positive airway pressure (CPAP) device, the Air Sense 11.

The broker has a buy rating and $36.00 price target on the ASX 200 stock.

Motley Fool contributor James Mickleboro has positions in ResMed. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended ResMed. The Motley Fool Australia has positions in and has recommended ResMed. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Broker Notes

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements
Broker Notes

Top brokers name 3 ASX shares to buy today

Here's what brokers are recommending as buys this week.

Read more »

A young female investor sits in her home office looking at her ipad and smiling as she sees the QBE share price rising
Broker Notes

These four ASX All Ords shares just earned hefty broker upgrades. Here's why

The ASX All Ords shares are forecast to surge as much as 98% over the year ahead.

Read more »

A man in a suit looks serious while discussing business dealings with a couple as they sit around a computer at a desk in a bank home lending scenario.
Bank Shares

What's the outlook for the Westpac share price in FY25?

Top broker Goldman Sachs outlines three challenges for the ASX 200 bank in FY25.

Read more »

Man smiling at a laptop because of a rising share price.
Broker Notes

Macquarie shares have 10% upside: Morgan Stanley

Another bullish broker on Macquarie.

Read more »

A woman looks questioning as she puts a coin into a piggy bank.
Broker Notes

Is the ANZ share price 'the best value of the major banks'?

ANZ shares are in the green today.

Read more »

Red buy button on an apple keyboard with a finger on it representing asx tech shares to buy today
Broker Notes

Buy 'em now! Brokers name 3 ASX All Ords shares to add to your portfolio

Copper, technology, and healthcare are the themes among these newly buy-rated stocks.

Read more »

a woman holds a facebook like thumbs up sign high above her head. She has a very happy smile on her face.
Broker Notes

Bell Potter says these ASX shares are strong buys

Big returns are expected from these shares over the next 12 months.

Read more »

A young man talks tech on his phone while looking at a laptop. A financial graph is superimposed across the image.
Broker Notes

Guess which ASX 300 share could rise over 50%

Bell Potter sees huge upside for this buy-rated stock. Let's see why it is bullish.

Read more »