It has been another busy week for many of Australia's top brokers. This has led to the release of a number of broker notes.
Three 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 right now:
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Regis Resources Ltd (ASX: RRL)
According to a note out of Bell Potter, its analysts have retained their buy rating on this gold miner's shares with an improved price target of $3.35. The broker notes that Regis Resources delivered quarterly production slightly ahead of the run-rate required to meet its FY 2025 guidance of 350,000 ounces to 380,000 ounces. In addition, it highlights that the company's costs were lower than expected and are trending in line with the low end of its full year guidance range. In light of this, it remains very positive on the company. Particularly given its all-Australian asset portfolio and positive free cash flow growth outlook thanks to its fully unhedged exposure to a rising gold price. The Regis Resources share price is trading at $2.81 on Friday.
Transurban Group (ASX: TCL)
A note out of UBS reveals that its analysts have retained their buy rating on this toll road operator's shares with a trimmed price target of $14.55. This follows the release of the company's first quarter update earlier this week. The broker was a touch disappointed with the update, noting that traffic in Brisbane and Melbourne fell short of expectations. The latter was impacted by construction disruption and lower Port of Melbourne container volumes. Nevertheless, the broker remains positive and continues to see value in its shares at current levels. The Transurban share price is fetching $12.98 today.
WiseTech Global Ltd (ASX: WTC)
Analysts at Goldman Sachs have upgraded this logistics solutions company's shares to a buy rating with a $138.00 price target. The broker believes that the significant sell off this week presents a compelling opportunity to buy one of Australia's best global growth stories. Especially given that Goldman believes this comes ahead of an acceleration in its organic earnings growth. Its analysts believe that the adoption of CargoWise is a matter of when, not if, for all large freight forwarders. As a result, it provides material scope for new customer acquisition in the near future. Goldman also sees a large opportunity to expand customer average revenue. This is through both existing proven products (i.e. customs) and new white space products that are being launched. The WiseTech Global share price is trading at $113.87 currently.
