11 Best Australian Stocks to Buy According to Analysts

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9. Nova Minerals Limited (NASDAQ:NVA)

Number of Hedge Fund Holders: 1

Analyst Upside Potential: 99.81%

Nova Minerals Limited (NASDAQ:NVA) is a mineral exploration company based in Australia. It engages in the exploration and development of gold, antimony, and other critical materials. Its flagship project is the Estelle Project, a 514 square kilometer property located in Alaska.

The company released its minerals quarterly activity report on April 11, highlighting significant discoveries in its 2024 surface exploration program. For instance, the rock samples at the Wombat prospect returned exceptionally high gold grades, with values up to 360 grams per tonne. Moreover, at the RPM Regional area, more high-grade gold was identified with rock samples up to 56.3 g/t Au and soil samples up to 4.8 g/t Au.

Financially speaking, at the end of March 31, 2025, Nova Minerals Limited (NASDAQ:NVA) had A$13.076 million in cash and no debt. Looking ahead, the company is progressing towards pre-feasibility studies, including metallurgical and environmental test work, aiming to advance the Estelle Project toward development and production. It is one of the best Australian stocks to buy according to analysts.

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