Business
Leading broker names the ASX resources shares to buy in 2021
Analysts at Bell Potter have been busy finding ASX shares from several industries that they believe are best placed to have a strong 2021.
On this occasion, I’m going to look at the resources sector. Here are a couple of shares they rate highly:
Nickel Mines is one of the broker’s top picks. This is based on its shares being cheap relative to its peers, its aggressive growth profile, and its pure nickel commodity exposure. Nickel is one of Bell Potter’s preferred base metals.
The broker has a buy rating and $1.60 price target on the company’s shares.
It commented: “During 2020 NIC’s NPI production lines operated at steady state production levels and all-in costs that beat our original forecasts and nameplate capacity,…
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