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        <title>Renascor Resources Limited (FRA:RU8) Share Price News | The Motley Fool Australia</title>
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                                <title>&#039;Optimistic&#039;: Broker names 2 ASX mining shares to buy right now</title>
                <link>https://staging.www.fool.com.au/2022/12/19/optimistic-broker-names-2-asx-mining-shares-to-buy-right-now/</link>
                                <pubDate>Mon, 19 Dec 2022 01:28:05 +0000</pubDate>
                <dc:creator><![CDATA[Monica O'Shea]]></dc:creator>
                		<category><![CDATA[Resources Shares]]></category>

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                                    <description><![CDATA[<p>We take a look at two mining shares being recommended to investors.  </p>
<p>The post <a href="https://staging.www.fool.com.au/2022/12/19/optimistic-broker-names-2-asx-mining-shares-to-buy-right-now/">&#039;Optimistic&#039;: Broker names 2 ASX mining shares to buy right now</a> appeared first on <a href="https://staging.www.fool.com.au">The Motley Fool Australia</a>.</p>
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                                                                                            <content:encoded><![CDATA[<img fetchpriority="high" decoding="async" width="1200" height="675" src="https://staging.www.fool.com.au/wp-content/uploads/2021/10/smiling-miners-16_9-1200x675.jpg" class="attachment-full size-full wp-post-image" alt="Two smiling men in high visibility vests and yellow hardhats stand side by side with a large mound of earth and mining equipment behind them smiling as the Carnaby Resources share price rises today" style="float:right; margin:0 0 10px 10px;" />
<p>Two <a href="https://www.fool.com.au/investing-education/top-mining-shares/">ASX mining shares</a> are a buy at the moment according to an analyst at a Sydney financial firm.  </p>



<p><strong>Sandfire Resources Ltd</strong> (<a class="tickerized-link" href="https://staging.www.fool.com.au/tickers/asx-sfr/">ASX: SFR</a>) and <strong>Renascor Resources Ltd</strong> (<a class="tickerized-link" href="https://staging.www.fool.com.au/tickers/asx-rnu/">ASX: RNU</a>) share prices have been recommended to investors.</p>



<p>Let's take a look at these two ASX mining shares in more detail. </p>



<h2 class="wp-block-heading" id="h-sandfire-resources">Sandfire Resources </h2>



<p>Sandfire Resources is a buy according to Jean-Claude Perrottet from Medallion Financial Group. Sandfire is a <a href="https://www.fool.com.au/investing-education/investing-in-copper-top-asx-copper-shares-of-2022/">copper explorer</a>. Commenting on <em>The Bull</em>, Perrottet <a href="https://thebull.com.au/18-share-tips-19-december-2022/" target="_blank" rel="noreferrer noopener">highlighted</a> the miner's record sales revenue of <a href="https://www.fool.com.au/tickers/asx-sfr/announcements/2022-08-30/6a1106669/fy22-financial-results-and-motheo-expansion-dfs-presentation/">$922.7 million in FY2022</a>. He also noted the company's MATSA copper operations in Spain delivered a "positive operational performance". Perrottet said: </p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>We remain optimistic about the longer term outlook for copper producers given the shift towards cleaner energy.</p></blockquote>



<p>The Sandfire Resources share price has fallen 11.97% in the last year. However, it has climbed 12.94% in the last month. </p>


<div class="tmf-chart-singleseries" data-title="Sandfire Resources Price" data-ticker="ASX:SFR" data-range="1y" data-start-date="" data-end-date="" data-comparison-value=""></div>




<h2 class="wp-block-heading" id="h-renascor-resources">Renascor Resources </h2>



<p>Renascor Resources is also a buy according to Perrottet. Renascor is <a href="https://www.fool.com.au/tickers/asx-rnu/announcements/2022-12-08/2a1419192/successful-completion-of-a70m-institutional-placement/">developing</a> the Siviour Graphite Project on the Eyre Peninsula in South Australia. Perrottet highlighted Renascor has "the world's second biggest graphite reserve". He added: </p>



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>RNU aims to become a supplier of purified spherical graphite (PSG) for lithium-ion battery anode makers across the world. RNU will reach a final investment decision in 2023. Keep an eye on the news flow.</p></blockquote>



<p>The Renascor Resources share price has soared 100% in a year. However, it has declined nearly 21% in the last month. </p>


<div class="tmf-chart-singleseries" data-title="Renascor Resources Price" data-ticker="ASX:RNU" data-range="1y" data-start-date="" data-end-date="" data-comparison-value=""></div>




<p></p>
<p>The post <a href="https://staging.www.fool.com.au/2022/12/19/optimistic-broker-names-2-asx-mining-shares-to-buy-right-now/">&#039;Optimistic&#039;: Broker names 2 ASX mining shares to buy right now</a> appeared first on <a href="https://staging.www.fool.com.au">The Motley Fool Australia</a>.</p>
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