Top 5 investment ideas from Freedom Broker: from healthcare to gold and gas

Freedom Broker analysts presented investment ideas for the end of June and included in the list shares of companies from the healthcare, gold mining, and natural gas sectors, as well as an exchange-traded fund focused on gold mining companies. All selected instruments have double-digit upside potential over a horizon of about two months thanks to strong fundamentals, attractive valuation, and favorable industry conditions.

Among the favorites were shares of Abbott Laboratories (ABT) — one of the world’s leaders in the production of medical devices, diagnostic systems, and medical nutrition products. At the current price of about $94, analysts set a target price of $109, implying upside potential of 15,8%. At Freedom Broker, they expect that a recovery in demand for continuous glucose monitoring devices, expansion of the medical device lineup, and the effect of the acquisition of Exact Sciences will support revenue growth and improve the company’s market valuation.

Among commodity companies, experts highlight Barrick Mining (B) – one of the world’s largest producers of gold and copper. At the current price of $37, the target price is $46, with upside potential of about 24%. Analysts believe that record gold prices provide the company with high profitability, while the implementation of major copper projects Lumwana and Reko Diq could become a long-term driver of free cash flow growth.

Another idea was the VanEck Gold Miners ETF (GDX) — an exchange-traded fund investing in the largest gold mining companies worldwide. At the current price of $76,5, the target level is $94, which corresponds to upside potential of nearly 30%. According to analysts, continued gold purchases by central banks, resilient investment demand, and high precious metal prices will continue to support the financial results of the gold miners included in the fund.

In the energy sector, Freedom Broker recommends shares of EQT Corporation (EQT) — the largest natural gas producer in the U.S. At the current price of about $51, the target price is $59,70, with upside potential of 17,7%. Experts expect increased gas demand during the summer period, expansion of LNG export capacity, and further reduction of the company’s debt burden, which creates conditions for higher shareholder payouts.

Rounding out the list are shares of Range Resources (RRC) – one of the leading independent natural gas producers in the U.S. At the current price of about $36, analysts estimate the fair value of the shares at $43,30, implying upside potential of 19%. Freedom Broker notes the company’s attractive valuation on multiples, a reduction in net debt, and expected growth in gas demand, which should positively affect financial results and the share price.

Not an individual investment recommendation.