Buy, hold, or sell? 3 ASX 200 shares at record highs

S&P/ASX 200 Index (ASX: XJO) shares are in the green on Tuesday, up 0.15% to 9,039.2 points.

In the first hour of trading, three ASX 200 shares struck new record highs, amid earnings season continuing today.

Let’s take a look.

BHP Group Ltd (ASX: BHP) 

The BHP share price increased 2.4% to a new record of $55.33 per share this morning.

This is the highest price that Australia’s largest ASX 200 mining share has traded at in its 140-year history as a listed company.

As we reported, BHP shares breached their previous record, set in mid-July 2021, yesterday.

The BHP share price has been on a positive trajectory since the miner released its 1H FY26 results last Tuesday.

BHP revealed a 28% profit increase to US$5.64 billion and a 46% lift in the interim dividend to 73 US cents per share, fully franked.

Should you consider buying BHP shares at current price levels?

On The Bull last week, Michael Gable from Fairmont Equities gave BHP shares a hold rating.

Gable commented:

Despite recent volatility, I expect commodity prices to continue heading higher during 2026. I believe investors who are still underweight in the resources sector will start to rotate into the miners.

Global diversified miner BHP Group, which recently was the biggest company on the ASX by market capitalisation, is likely to be the top choice of most investors looking for a blue chip company paying a healthy dividend amid the prospect of capital growth. 

Ramelius Resources Ltd (ASX: RMS)

The Ramelius Resources share price lifted 5.7% to an all-time high of $5.16 on Tuesday.

Ramelius Resources reported its 1H FY26 results last Friday.

The gold miner reported a 13% increase in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $347.7 million.

However, net profit after tax (NPAT) fell 6% to $160 million.

The ASX 200 gold share will pay a fully-franked interim dividend of 3 cents per share.

Should you buy Ramelius Resources shares?

Morgans says yes, retaining its buy rating on the ASX 200 gold share with a 12-month price target of $5.75.

The broker said:

1H26 result was solid with no material surprises, FY26 continues to focus on the integration of Dalgaranga (acquired via ASX SPR) into the RMS asset portfolio.

Key positive: Introduction of new capital management framework and the spartan deal; A$84.9m (net) tax losses remain.

Key negative: Operating cash flow (-3% pcp), free cash flow (-15% pcp) and cash/bullion on hand (-14% pcp) reflect the anticipated grade decline across the RMS Magnet Hub assets.

This was well flagged and should begin to reverse as Dalgaranga ore is introduced into the Magnet operations and ramps through the system …

Dalrymple Bay Infrastructure Ltd (ASX: DBI)

The Dalrymple Bay Infrastructure share price rose 9.4% to a record $5.58 this morning.

Dalrymple Bay Infrastructure released its full-year FY25 results today.

The company reported a 5.2% increase in EBITDA to $294.3 million and a 64% dive in statutory NPAT to $29.2 million.

The NPAT fall was attributed to a $90 million increase in net finance costs due to the one-off early repayment of 2020 USPP notes.

The ASX 200 industrial share will pay a quarterly distribution of 6.75 cents per share.

On The Bull this week, Jonathan Tacadena from MPC Markets rated Dalrymple Bay shares a hold, prior to the results release.

Tacadena said:

DBI operates the world’s largest metallurgical coal export facility near Mackay in Queensland.

Recent debt re-financing of $1.07 billion has reduced borrowing costs from 3.26 per cent to 1.56 per cent.

In our view, it was a shrewd play.

These meaningful savings should underpin solid dividend growth of around 6 per cent annually, with potential for more.

The post Buy, hold, or sell? 3 ASX 200 shares at record highs appeared first on The Motley Fool Australia.

More reading

• Big ASX news: BHP shares hit new $55 record high
• Why are ASX 200 gold stocks like Evolution Mining and Northern Star shares going gangbusters on Tuesday?
• Zip, CSL and BHP among CommSec’s most-traded ASX shares
• Dalrymple Bay Infrastructure lifts revenue and distributions for FY25
• 5 things to watch on the ASX 200 on Tuesday

Motley Fool contributor Bronwyn Allen has positions in BHP Group. 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.