Argus Raises its Price Target on BHP Group (BHP) to $95

BHP Group Limited (NYSE:BHP)  is one of the 15 Best Precious Metal Stocks to Buy According to Wall Street Analysts.

On April 28, 2026, Argus raised its price target on BHP Group Limited (NYSE:BHP) to $95 from $90 and maintained a Buy rating. The firm said BHP’s performance remains closely tied to iron ore, copper, and coal prices, which have started to firm as global inflation rises. Argus added that the outlook is improving as China’s economy stabilizes and demand tied to clean energy investment continues to grow.

On April 23, 2026, JPMorgan analyst Dominic O’Kane raised his price target on BHP Group Limited (NYSE:BHP) to 2,600 GBp from 2,500 GBp while maintaining a Neutral rating.

Argus Raises its Price Target on BHP Group (BHP) to $95

Image by Csaba Nagy from Pixabay

On April 21, 2026, BHP reported third-quarter iron ore output of 62.8 million tonnes, up 2% year over year, while energy coal output rose 12% to 4.0 million tonnes. The company maintained full-year fiscal 2026 iron ore guidance of 258 million to 269 million tonnes and said energy coal production is now expected to land in the upper half of its prior 14 million to 16 million tonne range.

CEO Mike Henry said the company delivered a strong operating performance over the past nine months, highlighted by record material mined and concentrator throughput at Escondida Mine and record production at its Western Australia Iron Ore operations. He added that strong output from Escondida Mine and Antamina Mine supports expectations that copper production will land in the upper half of guidance. Henry also said BHP’s low-cost operations and centralized procurement model have helped offset rising energy and consumable costs tied to the Middle East conflict.

BHP Group Limited (NYSE:BHP) is a global mining company with operations spanning copper, iron ore, coal, uranium, gold, zinc, lead, molybdenum, silver, and cobalt.

While we acknowledge the risk and potential of BHP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BHP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.