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Are you on the search for big returns? If you are, then it could be well worth looking to the mining sector.
That’s because analysts believe these ASX mining stocks could deliver market-thumping returns over the next 12 months. Here’s what they are saying:
Bellevue Gold Ltd (ASX: BGL)
Goldman Sachs thinks that Bellevue Gold could be an ASX mining stock to buy now.
Its analysts think that the gold miner’s shares are cheap compared to peers. They explain:
Relative to peers, BGL remains relatively underappreciated in our view, trading at of ~0.85x NAV and pricing ~US$1,600/oz LT gold (peer average ~1.15x NAV and ~US$1,940/oz). While near-term FCF yields are impacted by the accelerated development spend, we see these returning to double digit by FY26/27E, and remaining attractive vs. peers, supporting upside to the outlook for possible future capital returns once the expansion ramps up (despite ~25% of…
