Are you looking for exposure to the mining sector? If you are, then it could be worth checking out the ASX 200 mining stocks named below.
They are highly rated by analysts at Bell Potter and could offer major upside over the next 12 months. Here's what the broker is saying about them:
Boss Energy Ltd (ASX: BOE)
The first ASX 200 mining stock that could be a great option for investors according to Bell Potter is Boss Energy.
It is a uranium company focused on the Honeymoon Uranium Project in South Australia. Management notes that it represents one of the few uranium projects globally that is coming on-stream in the early stages of the emerging uranium bull market. It also owns a 30% interest in the Alta Mesa Uranium Project in Texas.
Bell Potter is positive on the company due to its growth opportunities and its belief that uranium is heading into a bull market. It said:
The business over the last six months has changed somewhat, with the acquisition of a 30% interest in the Alta Mesa project with JV partner enCore energy in South Texas. We continue to see significant value in BOE, with optionality around expansion at Honeymoon via low-risk and cost regional resources at Jasons and Goulds Dam. With the inclusion of Alta Mesa, BOE boasts a geographically diversified multi-asset portfolio with several growth levers yet to be pulled, heading into a uranium bull market.
The broker has a buy rating and $5.70 price target on the company's shares.
Capricorn Metals Ltd (ASX: CMM)
Another ASX 200 mining stock that could be a top option this month according to Bell Potter is Capricorn Metals.
It is a high quality gold miner with a strong track record and a positive growth outlook. Combined with its robust balance sheet and free cash flow, Bell Potter believes it is well-positioned to benefit from the strong gold price. It commented:
Capricorn Metals is a gold exploration and development company whose primary asset is the 120kozpa Karlawinda Gold Project in WA. CMM has organic growth potential to group production of 270kozpa via the Mt Gibson Gold Project, also in WA, and one of the largest undeveloped gold projects in Australia. A PreFeasibility Study has been completed, outlining production of ~155kozpa at AISC of A$1,450-A$1,550/oz over an 11-year mine life. CMM has an excellent track record of project development, delivery to guidance, a strong balance sheet and generation of sector leading free cash flows.
The broker currently has a buy rating and $7.54 price target on its shares.
