BHP Forges Strategic Alliances to Boost Iron Ore and Copper Prospects
17.01.2026 - 07:45:04
Shares in global mining giant BHP Group Ltd. rallied to multi-year peaks late last week following a dual announcement of strategic resource partnerships. The company revealed plans for a potential iron ore collaboration with rival Rio Tinto in Australia and secured an earn-in agreement for copper and gold exploration in Serbia. After touching record levels, the stock experienced a modest pullback by Friday’s close.
The market response to the announcements was notably positive among analysts. Goldman Sachs reaffirmed its Buy rating on BHP, raising its 12-month price target from $48.10 to $57.70. This sentiment was echoed by Bank of America, which maintained a Buy recommendation with a $56 target. Barclays held a more Read more...
