3 analysts give their verdict on BHP shares

BHP Group Ltd (ASX: BHP) shares are a popular option for Aussie investors.

But after rising 50% over the past 12 months, is it too late to invest in the mining giant?

Let’s see what three analysts are saying courtesy of The Bull. Here’s what you need to know:

What are analysts saying about BHP shares?

Fairmont Equities currently rates BHP as a hold.

Although it believes the commodities bull market is only just beginning and sees BHP as a safe bet, it appears to be waiting for a more attractive entry point. It said:

The commodities bull market has only just started, in my view. As a global mining giant, BHP generally appeals to investors looking to increase exposure in the resources sector. BHP’s share price has retreated to a major support level since the start of the war in Iran. I’m confident the stock should bounce from these levels. BHP’s diversification makes it a safer bet for investors to ride the commodities bull market.

What else?

Over at Investor Pulse, its team also rates BHP shares as a hold this week.

It highlights that the Big Australian is currently trading in line with historical enterprise value-to-earnings multiples. As a result, investors may want to wait for a pullback before opening up a position. It said:

The company remains a global resources powerhouse, increasingly focused on future-facing commodities, such as copper and potash. The first half result in fiscal year 2026 highlights a robust performance across its portfolio. Iron ore continues to deliver strong cash flow, but copper has become the standout performer, contributing about 51 per cent of total earnings.

Copper production guidance has been upgraded to between 1.9 million tonnes and 2 million tonnes following record output at its Escondida operation and various South Australian assets. Valuation metrics indicate that BHP was recently trading in line with historical enterprise value-to-earnings multiples, reflecting solid fundamentals and current commodity price expectations.

Finally, analysts at Morgans complete the trifecta and also rate BHP shares as a hold this week.

While very positive on the mining giant, it isn’t quite enough for a buy rating at this stage. The broker said:

BHP is a diversified mining company producing iron ore, copper, nickel, metallurgical coal and potash. First half revenue in fiscal year 2026 grew 11 per cent on the prior corresponding period and profit after tax was up 28 per cent. The fully franked interim dividend of US73 cents a share was up 46 per cent and ahead of consensus. BHP’s fundamentals position it to play a recovery in China’s subdued growth. Capital expenditure cycles and copper growth provide a compelling reason to retain BHP as a core position in portfolios.

The post 3 analysts give their verdict on BHP shares appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. 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.