On the international market, the gold prices are at about US$5,000 an ounce. This is a level that is gaining good investor attention across the world.
Bell Potter analysts have come up with two ASX gold stocks that they will be buying next week. These stocks give exposure to the increasing gold prices and sector movement.
The investors are increasingly becoming interested in gold in the face of geopolitical uncertainties. The interest in mining equities is still being motivated by safe-haven demand.
The gold industry in the ASX is still going with good analyst ratings. Both firms have considerable potential according to existing values. The market conditions indicate this area of gold-linked investments to be strong.
Gold nears US$5,000; Bell Potter picks two ASX stocks. [Courtesy: MSN]
Why Are ASX Gold Stocks To Buy Next Week In Focus?
Geopolitical tensions are still going on in the Middle East, and this keeps the price of gold high. The commodity went up to recover to a range of about US$4,130/oz to about US$4,746/oz.
This is an increase of +15% at the lows. Nevertheless, it is at -7.9% month-on-month, which is volatile.
Nonetheless, fluctuations notwithstanding, gold remains a safe-haven asset. Gold is usually required by investors in times of uncertainty in the economy.
Recently, the GDX index has performed better than the underlying commodity. It was showing a -3.16% monthly fall. It also bounced back about the same amount, -23%, since the March 2026 lows. These trends favour high interest in ASX gold stocks.
Genesis Minerals Shows Strong Upside Potential
Genesis Minerals Ltd has been pointed out as a good investment opportunity. The Bell Potter believes that the stock is underpriced relative to its peers. The broker has given a buy rating and price target of 9.90.
It is currently trading at $6.54. This means that there is a possible 51 per cent increase in 12 months. The EV/EBITDA of the company is around 6.2x NTM. This is compared to peak levels of about 8x in September 2025.
Analysts have great potential for growth in long-term production. The company is aiming for 500 kopza in its future direction.
Genesis Minerals mining site highlighting growth and production expansion. [Courtesy: LinkedIn]
What Drives Genesis Minerals’ Growth Strategy?
Genesis Minerals is concentrating on the major development capital initiatives to increase production. Tower Hill development has a stand-alone 3.5-4Mtpa mill. This is to counter increased processing costs at Leonora.
The Lady Julie project will be used to complement the Laverton mill. It will also produce better grade ore to process. These projects contribute to long-run production efficiency. Analysts think that such developments enhance operational performance.
Strategic investments could enhance margins over time. The growth pipeline of the company helps in the valuation of the company. Investors are closely watching the upcoming 1QFY27 guidance for updates.
Northern Star Resources Gains Analyst Confidence
Another ASX top gold stock recommendation is Northern Star Resources Ltd. Bell Potter has a buy rating and a price target of $35.00. It has a current share price of $24.48.
This means that investors have a possible upside of 43%. Recently, the company has unveiled a buy-back programme.
The repurchase of shares can be up to A$500m in the plan. This translates to about -1.6% of issued capital. The buy-back will start on 23 rd April. Analysts consider this action an indicator of good underlying value.
Northern Star Resources’ operationsreflect ag strong capital management strategy. [Courtesy: Northern Star]df
How Does Northern Star’s Strategy Support Growth?
Northern Star still emphasises the returns to the shareholders and the stability of operations. The buy-back is independent of its policy of paying dividends. The firm pays 20-30 per cent of cash profits as a dividend.
Analysts observe that the buy-back has low EPS. Nonetheless, it is an indicator of optimism in long-term business underpinnings. The company has experienced two downgrades of its guidance.
Nevertheless, analysts are of the opinion that production is at its lowest. As the situation normalises, it is destined to improve in the future. Fuel cost margin pressure is a short-term issue.
ASX Gold Stocks Outlook Remains Strong
ASX gold stocks have a bright future in the face of global uncertainty. Gold prices around the US5,000 mark are sustaining the growth in the sector. Analysts believe that safe-haven demand will continue to rise in the months to come.
Both Genesis Minerals and Northern Star have good upside potential. Investors are interested in their strategic initiatives and valuations. These stocks are strengthened by the advice of Bell Potter.
The trend in the market indicates that gold-related investments will continue to remain strong. Gold exposure can be an option for diversification by investors. The industry continues to be a priority in both the short-term and long-term.
Also Read: US Gold Miners Secure Over $2 Billion in Financing Amid Rising Production Demand
FAQs
Q1. Which ASX gold stocks are recommended for next week?
A1: Genesis Minerals Ltd and Northern Star Resources Ltd are top picks. They offer 51% and 43% upside potential, respectively.
Q2. Why is gold trading near US$5,000 an ounce?
A2: Gold is supported by geopolitical tensions and safe-haven demand. Prices rose from ~US$4,130/oz to ~US$4,746/oz recently.
Q3. What is Genesis Minerals’ production target?
A3: The company targets 500kopza in the upcoming long-term guidance. Projects like Tower Hill support this goal.
Q4. What is Northern Star’s buy-back plan?
A4: Northern Star plans an A$500 buy-back. This equals ~1.6% of its issued capital starting 23rd April.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Investments in ASX gold stocks involve risks, including price volatility and operational uncertainties. Readers should conduct independent research or consult a qualified financial adviser before making investment decisions. Analyst projections and market conditions may change without notice and do not guarantee future performance.
Sources
https://www.fool.com.au/2026/04/11/2-asx-gold-stocks-to-buy-next-week/
https://www.fool.com.au/2026/04/10/could-these-asx-stocks-double-by-the-end-of-2026/
