Investors that are searching for exposure to the mining sector might want to check out the three ASX mining stocks listed below.
They have been rated as buys this month and offer investors the opportunity to invest in three different areas of the sector.
Let's see what brokers are saying about them:
Arcadium Lithium (ASX: LTM)
Bell Potter thinks that Arcadium Lithium could be a great option for investors looking for exposure to the beaten down lithium industry. Particularly given the diversity of its operations and its growth portfolio. The broker said:
LTM provides the largest, most diversified exposure to lithium in terms of mode of upstream production, asset locations, downstream processing and customer markets. It is a key large-cap leverage to lithium prices and sentiment, which we expect to improve over the medium term. The group has a strong balance sheet and growth portfolio.
Bell Potter has a buy rating and $7.25 price target on its shares.
Coronado Global Resources Inc (ASX: CRN)
Another ASX mining stock that Bell Potter is bullish on is coal miner Coronado Global.
It believes that the miner is at a turning point and expects supply constraints in the metallurgical coal market to be supportive of higher prices. It said:
CRN's production and cost profile has reached a turning point, following substantial self-funded investment across its Australian and US operations over the past two years. The company should generate improved free cash flow and shareholder returns going forward. Our Buy recommendation is underpinned by a supply constrained met coal environment, supporting long term prices.
Bell Potter has a buy rating and $1.70 price target on its shares.
Northern Star Resources Ltd (ASX: NST)
Finally, Morgans thinks that this gold miner could be an ASX mining stock to buy now.
It likes the company due to its positive production growth outlook and expectation that the gold price will remain strong for the foreseeable future. The broker said:
Northern Star Resources (NST) is an ASX-50 listed gold miner producing ~1.6moz per annum of gold. Operating across Western Australia and North America. Production is forecast to grow to 2Moz by FY26 before increasing to 2-2.2Mozpa following the KCGM expansion. Operating margins are well leveraged to the rising price of gold, operating at an attractive cost base and margin, FY24 AISC A$1,853/oz complimented by mines exclusively in advanced first world economies. We view the price of gold to remain strong, along with NST earnings in FY25 as the company transforms KCGM into a globally significant asset.
Morgans has an add rating and $16.90 price target on the gold miner's shares.
