Investors looking to diversify their portfolio by exploring different sectors and geographies may find it helpful to follow the advice of successful analysts. Using Stock Target Advisor’s Analyst Directory, we have identified the top five analysts from Australia who have achieved the highest profits in 2022. These analysts were ranked based on success rate, average return, and statistical significance.
1. Trent Allen of CLSA:
Trent Allen is a metals and mining research analyst with extensive experience covering basic metal stocks in Australia. He is currently ranked #934 among all analysts in the database and has an average return of 13% per call. His most profitable rating was on Evolution Mining Ltd. (CAHPF:OTC), where he made a 72.5% return from October 2022 to the present date.
2. Levi Spry of UBS:
Levi Spry is a mining analyst with over 20 years of experience in the sector. He has previously worked at J.P. Morgan, JCP Investment, and Deutsche Bank. He is currently ranked #648 with an average return of 11.2%. His best rating was also on Evolution Mining (CAHPF:OTC), where he achieved a 72.5% return from October 2022 to the present date.
3. Al Harvey of J.P. Morgan:
Al Harvey is a lead mining analyst who covers metals such as lithium, gold, and mineral sands. He is currently ranked #1506 and has an average return of 11.6%. His Buy recommendation on Northern Star Resources Ltd. (NESRF:OTC) made a profit of 60% during the three months between September and December 2022.
4. Mitch Ryan of Jefferies:
Mitch Ryan is a senior VP and equity analyst for metal and mining stocks, primarily covering Australian small and microcap companies. He is currently ranked #1681 and has an average return of 32.7% per call. His best rating was on Gold Road Resources Ltd. (GOR:AU), where he made a 60.7% return between September and December 2022.
5. Matthew Hope of Credit Suisse
Matthew Hope is a commodities analyst and is currently ranked #612. He has an average return of 20% per call. His Buy rating on Whitehaven Coal Limited (WHC:AU) generated a profit of 81.4% from July to October 2022.
By following these analysts, investors can benefit from their vast experience and market knowledge. The analyst rankings also allow investors to focus on top-rated analysts and their preferred stocks.