4 ASX mining shares with buy ratings for 2026

Stronger prices for commodities such as gold, silver, copper, and lithium have sent many ASX mining shares soaring this year.

Some experts say their run isn’t over.

Here is a sample of ASX mining shares with buy ratings for 2026.

4 ASX mining shares buy-rated by experts

BHP Group Ltd (ASX: BHP)

Despite BHP shares hitting a 52-week high of $46.03 this month, Ord Minnett thinks the ASX iron ore mining giant has further to go.

The broker has an accumulate rating on BHP shares and recently raised its 12-month price target from $45 to $48.

In a note following a UK court decision that BHP was liable for the Samarco disaster, Ord Minnett said:

Vale and BHP are nearly halfway through the US$32 billion [Samarco] settlement, leaving BHP’s remaining share to pay at circa US$9 billion, which the company marks down to an aggregate provision of US$5.5 billion …

Ord Minnett already incorporates a provision of US$6.1 billion for Samarco in our model, so we have made no changes to our earnings estimates or valuations post the UK court decision.

BHP shares closed at $45.10 on Tuesday, down 0.77% for the day and up 12.86% in the year to date (YTD).

The iron ore price is US$107.08 per tonne, up 3.35% YTD.

Resolute Mining Ltd (ASX: RSG)

Gold had another ripper year in 2025, with the commodity price surging 67% YTD.

Experts say there’s more room to run, with a Goldman Sachs poll showing almost 70% of institutional investors expect the gold price to keep lifting in 2026.

ASX gold mining share, Resolute Mining, has soared in value, rising 200% in 2025 to close at $1.23 yesterday.

This stock received an extra tailwind after joining the S&P/ASX 200 Index (ASX: XJO) in the December rebalance.

Macquarie has an outperform rating on Resolute Mining shares with a price target of $1.45.

The broker raised its price target after Resolute issued a major update on its Doropo Gold Project.

IGO Ltd (ASX: IGO)

After three years of dramatic falls then stagnation, lithium prices began rebounding in the second half of 2025.

The lithium carbonate price is now up 57% YTD.

This has provided a welcome kick-along for ASX lithium mining shares.

The IGO share price closed at $8.03 yesterday, down 0.12% for the day and up 65% YTD.

Ord Minnett has a buy rating on IGO shares with a price target of $8.25.

Capstone Copper Corp CDI (ASX: CSC)

The copper price is up 43% YTD at US$5.68 per pound.

The Capstone Copper share price closed at $15.15 yesterday, down 2.38% for the day and up 50% YTD.

Macquarie has a buy rating on Capstone Copper shares with a 12-month price target of $17.

In a recent note, the broker said:

We increase CSC EPS 9%/18% in CY25/26e due to Cu price upgrades, remaining our preference in the Cu space due to its strong organic growth profile and attractive relative value.

The post 4 ASX mining shares with buy ratings for 2026 appeared first on The Motley Fool Australia.

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• Why I’m bullish on the BHP share price as copper prices surge
• Did Fortescue, Rio Tinto or BHP shares perform better this year?
• Can the sizzling rally in ASX 200 copper stocks boost BHP shares in 2026? 
• 5 top ASX dividend shares to buy now

Motley Fool contributor Bronwyn Allen has positions in BHP Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.