There are a lot of ASX shares to choose from on the Australian share market.
To narrow things down, let's take a look at three shares that brokers have just given their verdicts on. They are as follows:
Catalyst Metals Ltd (ASX: CYL)
This gold miner's performance in the first half of FY 2026 has gone down well with analysts at Bell Potter.
In response to its quarterly update, the broker has retained its buy rating with an improved price target of $13.50.
Commenting on its quarter, Bell Potter said:
CYL delivered record quarterly production from Plutonic, sourcing ore from three operations: Plutonic, Plutonic East, and Trident OP. K2 is slated as the fourth mine, with higher-grade ore expected before 30 June 2026. Development of Old Highway the fifth mine, progressed with key approvals; we model first production in 2HFY27, contributing ~35kozpa at steady state. OP mining at Trident is expected to conclude in 2HFY26, transitioning to high grade UG operations. We forecast Trident UG to reach steady state of ~50kozpa by 2027. These five mines are to underpin CYL's 10-year ~200kozpa strategy, which we forecast to be achieved by FY29.
NRW Holdings Limited (ASX: NWH)
Over at Morgans, its analysts have been looking at this contract services provider's shares.
The broker sees value in the company's shares at current levels and believes there is scope for a re-rating. As a result, it has put an accumulate rating and improved price target of $6.00 on its shares. It said:
In our view, NWH has scope to re-rate to 11x FY26/27 EBIT in the near term. The company's relative valuation has lagged the sector following a challenging FY25, marked by cash collection issues, an unexpected CFO transition, material weather disruptions in QLD, and a weak met coal market. With the exception of weather – which remains inherently difficult to forecast – these issues are in the rear-view mirror. We expect a strong 1H26, with demand indicators suggesting that earnings momentum will extend into 2H26.
Our FY26 EBITA forecast has been upgraded to near the top of the guidance range of $260-265m, which translates to +26% EPS growth. We view guidance as conservative, though we remain within the range given weather risk in 2H. We lift our price target to $6.00 (from $4.50) and maintain our Accumulate recommendation.
Paladin Energy Ltd (ASX: PDN)
Bell Potter remains positive on this ASX uranium share. It has retained its buy rating and lifted its price target to $12.50.
The broker believes that Paladin Energy is entering a stable period and highlights that the Patterson Lakes South project is being largely overlooked by the market. It said:
Our target price is increased to $12.50/sh (previously $11.35/sh) on adjustments to our production, sales and costs outlook. PDN is entering a period of relative stability, with rising uranium spot and term prices. As LHM production steadies, the market should gain comfort around performance. We believe the market is ascribing very little value to Patterson Lakes South (PLS), which provides upside as the project is de-risked. EPS changes in this report are: FY26 -69%, FY27 -29% and FY28 -6%.
