Hot Money Monday: 10 ASX stocks with 'Strong Buy' recommendations from brokers

Here are 10 stocks rated ‘Strong Buy’ by brokers
Mining, biotech and energy stocks top list
Life360, West African Resources lead picks

The list of stocks below is compiled based on a report from Commsec, which averages the recommendations from multiple research providers to give a view of how a stock is perceived in the market.

The rating is based on a five-point scale, with 1 being a “Strong Buy” and 5 being a “Strong Sell.”

The stocks below are the ones rated 1 or a Strong Buy.

Note that Commsec only shows stocks that have been rated by at least five different brokers or research firms in the past six months.

Here are those 10 stocks with consensus Strong Buy recommendations:

Life360 (ASX:360)

Life360 is an app that helps families stay connected and safe. With over 50 million active users, it’s like a social network, but with a focus on security.

Families can use Life360 to track each other’s locations, monitor driving habits, and even get roadside assistance or emergency help if needed.

Recently, Life360 has become one of the top 10 social apps in the US, and the company made its dual-listing Nasdaq debut in June this year.

West African Resources (ASX:WAF)

West African Resources is a mining company working mainly in Burkina Faso, West Africa.

Its big project is the Sanbrado gold project, but it is planning to double output to 400,000ozpa with the development of a second mine at Kiaka.

In general, gold projects in West Africa are considered high-potential despite their jurisdictional risk.

Regal Partners (ASX:RPL)

Regal Partners is an investment management company, but not your average firm.

It specialises in alternative investments like hedge funds, private equity and real assets.

Its strategy is to offer unique options for investors who want something a bit different from the typical stock or bond investment.

SRG Global (ASX:SRG)

SRG Global is a construction and maintenance company that offers a range of services for industries like mining, oil, gas and energy.

It handles everything from engineering to infrastructure projects, including refurbishing buildings and offering specialist services like durable coatings and shutdowns for industrial sites.

The company has its hands busy across Australia.

Predictive Discovery (ASX:PDI)

Predictive Discovery is all about finding gold in West Africa, specifically in Guinea.

Its main project is the Bankan Gold Project, where it has had some great results, building a 5.4Moz resource.

Gold exploration in Guinea has recently become a hot topic because of its potential, and Predictive is riding the wave of this interest. Cashed up African gold miner Perseus Mining (ASX:PRU) has built a 19.9% stake in the explorer.

Immutep (ASX:IMM)

Immutep is a biotech company focused on developing new treatments for cancer and autoimmune diseases.

Its main product, IMP321, is an immunotherapy treatment currently in clinical trials for cancer.

It also has other products in development aimed at improving cancer treatment, such as IMP701, a potential cancer treatment targeting a specific immune checkpoint.

Lotus Resources (ASX:LOT)

Lotus Resources is focused on uranium mining and exploration.

It has major projects in Botswana and Malawi, its biggest the Kayelekera uranium project in Malawi.

Lotus is working to develop more uranium assets, which is important as the world requires more nuclear energy. Uranium demand is growing, and Lotus is positioning itself to tap into that.

Duratec (ASX:DUR)

Duratec is a company that provides construction and maintenance services across a variety of sectors, including defence, mining, energy, and infrastructure.

It focuses on asset protection and helping companies maintain their facilities, whether it’s for mining operations, building refurbishments, or energy infrastructure.

It’s involved in all stages of a project and operates across Australia.

Centaurus Metals (ASX:CTM)

Centaurus Metals is a nickel and iron ore exploration company, primarily focused on developing assets in Brazil.

It owns the large Jaguar nickel sulphide project in Brazil, where FID is due in the second half of next year.

But it has also placed its focus on the Jambreiro iron ore project since a dive in nickel prices, last week securing major project status from the Minas Gerais state government.