S&P/ASX 200 Index (ASX: XJO) stocks finished up 0.54% amid broker upgrades on two mining stocks today.
As reported in The Australian, these ASX 200 mining stocks are attracting the experts’ attention.
Let’s take a look.
Gold Road share price to rise 11% in 12 months, says Macquarie
The Gold Road Resources Ltd (ASX: GOR) share price finished up 8.57% today at $1.71.
The gold miner was among the top movers of the ASX 200 on Tuesday.
The company had no news for ASX investors today but reported its June quarter results yesterday.
Macquarie has raised its rating on Gold Road shares to outperform with a 12-month price target of $1.90. This implies a potential 11.11% upside on today’s closing share price.
Jefferies has also raised the gold mining stock to a buy with a $1.80 price target.
The Gold Road share price is down 1.16% in the year to date.
Buy more IGO shares, says CLSA
Our second broker upgrade among ASX 200 mining stocks is lithium and nickel producer IGO Ltd (ASX: IGO).
The IGO share price finished the session on Tuesday at $14.24, up 3.19%.
There was no price-sensitive news from the miner today.
CLSA has upped its rating to accumulate with a $15.25 share price target. This implies a potential 7.1% upside on today’s closing share price.
IGO shares are up 31.73% in the year to date.
