Top brokers name 3 ASX shares to buy today

Many of Australia's top brokers have been busy adjusting their financial models and recommendations again. This has led to the release of a number of broker notes this week.

Three ASX shares that brokers have named as buys this week are listed below. Here's why their analysts are feeling bullish on them right now:

Newmont Corporation (ASX: NEM)

According to a note out of Goldman Sachs, its analysts have initiated coverage on this gold miner's shares with a buy rating and $76.20 price target. The broker believes that the company is well-positioned to deliver above-industry earnings growth thanks to its tier one portfolio and lowering costs. As a result, Goldman expects Newmont's balance sheet to reach a positive net cash position in early 2027 from an estimated net debt position of US$5.5 billion at the end of 2024. Despite these positives, the broker highlights that Newmont trades at a ~0.5x discount versus global peers. It feels that this undervalues the company and that a re-rating is deserved for the gold giant. The Newmont share price is trading at $64.96 on Wednesday.

Pilbara Minerals Ltd (ASX: PLS)

A note out of Morgans reveals that its analysts have retained their add rating and $3.25 price target on this lithium miner's shares. The broker points out that lithium prices have been relatively stable over the past quarter and spot prices are now a touch higher than three months ago. Despite this, it notes that lithium shares like Pilbara Minerals have been sold off. Morgans believes this has created a buying opportunity for investors and has named the company as its top pick in the space. The Pilbara Minerals share price is fetching $2.26 at the time of writing.

Premier Investments Ltd (ASX: PMV)

Analysts at Bell Potter have retained their buy rating on this retail conglomerate's shares with a trimmed price target of $26.00. This follows the release of a trading update from the Smiggle owner earlier this week which fell short of expectations. According to the note, Bell Potter has downgraded its earnings estimates notably to reflect this update. And while this has put pressure on its valuation, Bell Potter remains positive and sees plenty of value in its shares at current levels. It adds that it remains positive on Premier Investments' post demerger business, with the higher margin Smiggle and Peter Alexander businesses expected to grow at ~11% in FY 2026. The Premier Investments share price is trading at $27.21 this morning.

The post Top brokers name 3 ASX shares to buy today appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Gentrack Group, Goldman Sachs Group, and Macquarie Group. The Motley Fool Australia has positions in and has recommended Gentrack Group and Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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