Investors that are on the lookout for exposure to the gold sector might want to check out the three ASX gold stocks in this article.
That's because they have been named as the best to buy for FY 2026 by analysts at Bell Potter. Here's what it is recommending to clients:
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Minerals 260 Ltd (ASX: MI6)
This small cap ASX gold stock could be a buy in FY 2026. It is an exploration and development company that recently completed the transformational acquisition of the Bullabulling Gold Project (BGP) in Western Australia.
The broker is a big fan of BGP and sees potential for it to become a major low cost operation. It said:
With a Mineral Resource Estimate of 2.3Moz at 1.2g/t Au it is one of the largest undeveloped gold deposits in Australia, sits on granted Mining Leases and is in the heart of Australia's gold mining industry. The company is led by a proven team of project developers and operators and we see potential for a low cost, openpit gold mining operation producing 130-150kozpa over a 10-year mine life. The asset is also strategically attractive in a highly active gold asset M&A market and rising gold price environment.
Bell Potter has a speculative buy rating and 28 cents price target on its shares.
Santana Minerals Ltd (ASX: SMI)
Another ASX gold stock that makes the list is Santana Minerals. It is a gold explorer and developer focused on the Bendigo-Ophir Gold Project (BOGP) in New Zealand.
Bell Potter believes that BOGP is emerging as one of the most attractive gold development projects of this scale on the ASX. It said:
Bottom quartile costs, conventional mining and processing methods and an initial 10-year mine life on Reserves alone make it attractive for both debt and equity financing. An optimised PFS is expected to further improve its operating and financial metrics. It is well funded and about to commence seeking approvals through New Zealand's new Fast Track Approvals scheme. This could see the BOGP approved by end CY25.
The broker has a speculative buy rating and $1.30 price target on its shares.
Evolution Mining Ltd (ASX: EVN)
Finally, Bell Potter has named Evolution Mining on its best buy list for the new financial year.
Though, it is worth highlighting that the broker currently only has a hold rating on its shares with an $8.10 price target. It explains:
We have Hold ratings across much of our gold production coverage, but feel a producer should still be included in the current market. We select EVN on the basis of its unhedged exposure to the gold price, strengthening balance sheet, increasing free cash flows (has passed its CAPEX peak and, in our view, is an unlikely potential acquiror), undervalued copper production exposure and what we expect to be an increasing dividend stream in an elevated gold price environment.
A strong management team and track record of delivery to guidance make EVN one of the go-to gold exposures on the ASX – a position we believe is justified.
