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:
Paladin Energy Ltd (ASX: PDN)
According to a note out of Macquarie, its analysts have reinstated coverage on this uranium producer's shares with an outperform rating and $11.25 price target. This follows the release of Paladin Energy's first quarter update. It notes that the Langer Heinrich Mine (LHM) is performing well, with 1.1Mlb production in first quarter. This was supported by stabilised grades despite significant pit stripping taking place this half. Outside this, it highlights that nuclear's expanding role in global energy and the AI race will require significant investment in new uranium mines. With a largely exhausted restart queue and production challenges at major producers, it believes that contract floors should lift. The Paladin Energy share price is trading at $9.68 on Wednesday.
Regis Resources Ltd (ASX: RRL)
A note out of UBS reveals that its analysts have upgraded this gold miner's shares to a buy rating with a vastly improved price target of $7.25. The broker made the move after reviewing the gold sector and upgrading its estimates to reflect higher than forecast gold prices. UBS has bumped its long term average gold price higher and is overweight on the sector. It believes that gold is a good place to be due to tariff uncertainty, subdued growth, and rising geopolitical risk. The Regis Resources share price is fetching $6.35 at the time of writing.
SRG Global Ltd (ASX: SRG)
Analysts at Bell Potter have retained their buy rating on this engineering services company's shares with an improved price target of $3.00. This follows the announcement of an agreement to acquire Total AMS for $85 million. It is a national service provider to the marine infrastructure sector. Bell Potter believes the Total AMS acquisition is compelling on valuation and strategic rationale grounds. As a result, it has boosted its earnings estimates by 16% in FY 2026 and 22% in FY 2027. It also believes that SRG Global's shares deserve to trade at a premium to peers due to its exemplary management track-record and above-peer-group profitability. The SRG Global share price is trading at $2.60 on Wednesday afternoon.
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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Srg Global. 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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