What are brokers predicting for BHP shares over the next 12 months?

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

But with the mining giant’s shares rising strongly over the past 12 months, is it too late to invest?

Let’s see what brokers are predicting for the Big Australian’s shares between now and this time next year.

The last 12 months

Firstly, as mentioned above, BHP shares have been strong performers over the past 12 months.

Thanks to strong copper prices and robust iron ore prices, investors have bid the mining giant’s shares over 50% higher since this time last year.

As a comparison, the S&P/ASX 200 Index (ASX: XJO) has delivered a return of approximately 14% over the same period.

This means that $10,000 invested in BHP would have turned into over $15,000. And that doesn’t include the dividends that the miner has paid over the period.

Clearly, BHP shares have been a very good investment for investors. But what about the next 12 months?

Broker predictions for BHP shares

Firstly, it is worth highlighting that BHP is scheduled to release its third quarter update on Wednesday before the market open.

As a result, there is a high chance that many brokers will be re-evaluating their recommendations and price targets should BHP fall short of expectations or outperform them.

For now, here is a quick summary of what brokers are predicting for the miner’s share price.

The team at Citi currently has a neutral rating and $54.00 price target on the miner’s shares. This is a touch below where they currently trade.

Macquarie and UBS also have neutral ratings on BHP’s shares but with $53.00 and $52.00 price targets, respectively.

Bernstein has a market perform rating and $48.00 price target on its shares.

Morgans is a fan of the miner but doesn’t see enough value on the table for a buy rating. It currently has a hold rating and $53.80 price target on its shares.

Over at Ord Minnett, its analysts have an accumulate rating and $54.00 price target on them.

Lastly, Morgan Stanley is the only major broker with the equivalent of a buy rating. Its overweight rating and price target of $57.50 implies modest upside over the next 12 months.

Overall, at present, it seems that the broker community largely sees BHP shares as reasonably fully valued at current levels after its strong run since this time in 2025.

The post What are brokers predicting for BHP shares over the next 12 months? appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of Motley Fool Money. 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 positions in and has recommended 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.