Analysts Offer Insights on Materials Companies: BHP Group Ltd (OtherBHPLF) and MP Materials (MP)

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on BHP Group Ltd (BHPLF – Research Report) and MP Materials (MP – Research Report).

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BHP Group Ltd (BHPLF)

BMO Capital analyst Alexander Pearce maintained a Hold rating on BHP Group Ltd on October 10 and set a price target of £22.00. The company’s shares closed last Friday at $26.65.

Pearce has an average return of 1.0% when recommending BHP Group Ltd. ;'>

According to TipRanks.com, Pearce is ranked #1207 out of 10083 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for BHP Group Ltd with a $26.81 average price target, implying a 0.6% upside from current levels. In a report issued on September 29, Goldman Sachs also maintained a Hold rating on the stock with a p2200.00 price target.

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MP Materials (MP)

Daiwa analyst Dennis Ip reiterated a Buy rating on MP Materials today and set a price target of $78.34. The company’s shares closed last Friday at $78.34.

According to TipRanks.com, Ip is ranked #1007 out of 10083 analysts.

MP Materials has an analyst consensus of Moderate Buy, with a price target consensus of $78.79, implying a 5.9% upside from current levels. In a report issued on October 9, TD Cowen also maintained a Buy rating on the stock with a $80.00 price target.

Read More on BHPLF:

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• BHP Group price target raised to 2,200 GBp from 2,160 GBp at JPMorgan
• BHP Group Updates Dividend Reinvestment Plan Details
• BHP Group price target raised to 1,900 GBp from 1,700 GBp at Berenberg
• Trump announces lumber tariffs, Exxon Mobil to cut 2,000 jobs: Morning Buzz
• China bans all BHP iron ore cargoes amid pricing dispute, Bloomberg reports