If you have space in your portfolio for some new additions, then it could pay to check out the three ASX shares in this article.
That's because they have just been tipped as buys by analysts according to The Bull. Let's see what is being rated as a buy:
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Fortescue Ltd (ASX: FMG)
The team at Shaw and Partners thinks that iron ore giant Fortescue could be an ASX share to buy this week.
Its analysts like the miner due to resilient iron ore prices and its strong export volumes. Jed Richards from Shaw and Partners said:
Fortescue continues to benefit from resilient iron ore prices, driven by Chinese infrastructure and demand for dam construction. The company has posted record export volumes and maintains a low cost production advantage. FMG is also investing in green energy and carbon reduction initiatives, aligning with global sustainable trends. The strong dividend yield and disciplined capital management make it a compelling buy, in my view. I have pushed iron ore investment aggressively during the past six months, while many other analysts have been more pessimistic. With iron ore recently trading around $US100 a tonne, Fortescue offers income and growth potential.
GBM Resources Ltd (ASX: GBZ)
If you are looking for exposure to gold, then GBM Resources could be an ASX share to consider.
That's the view of Harrison Massey from Argonaut. He likes small cap GBM Resources due to the potential of its Drummond Basin assets. He explains:
GBM Resources is a Queensland based exploration company. It owns and operates assets in the Drummond Basin, which currently has a JORC resource of 1.84 million ounces of gold. The project area has been largely under explored, with little to no modern geophysics done on the tenure. The company recently raised $13 million to repay and relinquish convertible notes of $6.2 million, which frees the firm up to fund an aggressive drilling campaign. Past results have been encouraging, and the outlook is brighter amid the company completing a board restructure.
ANZ Group Holdings Ltd (ASX: ANZ)
Finally, Blake Halligan from Catapult Wealth is tipping banking giant ANZ as an ASX share to buy now.
He likes the big four bank due to its attractive valuation, new leadership, and the addition of Suncorp Bank. Halligan also expects lower interest rates to be a boost to the sector. He said:
This major bank released better than expected results for the first half of fiscal year 2025. Among the big four banks, ANZ is the most attractively priced and was recently trading on an appealing dividend yield. The new chief executive has been restructuring the business and integrating Suncorp Bank. If the ANZ can demonstrate that non-financial risk management is improving, it may be able to free up substantial capital for further opportunities. Potentially falling interest rates should be positive for the entire banking industry.
