It was another busy week for Australia's top brokers. This led to the release of a large number of broker notes.
Three ASX broker buy ratings that you might want to know more about are summarised below. Here's why brokers think these ASX shares are in the buy zone:
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Capricorn Metals Ltd (ASX: CMM)
According to a note out of Bell Potter, its analysts have retained their buy rating on this gold miner's shares with a slightly higher price target of $5.20. Bell Potter highlights that Capricorn Metals is a sector-leading gold miner with a solid balance sheet and a management team with an excellent track record of operational delivery. The Capricorn Metals share price ended the week at $4.41.
Delta Lithium Ltd (ASX: DLI)
Another note out of Bell Potter reveals that its analysts have retained their speculative buy rating and $1.35 price target on this lithium developer's shares. Bell Potter was pleased with news that the company has appointed Mineral Resources Ltd (ASX: MIN) founder and CEO Chris Ellison as its new chair. It believes this de-risks project development. In addition, with MinRes boosting its stake to 17.44%, the broker isn't ruling out a full takeover in the future. The Delta Lithium share price was fetching 79.5 cents on Friday.
Woolworths Group Ltd (ASX: WOW)
Analysts at Goldman Sachs have retained their conviction buy rating and $42 price target on this supermarket giant's shares. Goldman believes Woolworths can continue to grow its market share in the coming years. This is thanks to its early work on its store network, technology and automation, as well as digital and omni-channel capabilities. The Woolworths share price was trading at $37.92 on Friday.
