Three ASX 200 mining shares that are the largest players in their segments have been re-rated by analysts this week.
This follows all three companies releasing their 1H FY26 earnings.
Let's take a look.
BHP Group Ltd (ASX: BHP)
The BHP share price is up 0.8% to $53.66 on Friday.
BHP is the largest ASX 200 mining share on the market. The company is a major iron ore and copper producer.
This week, BHP reported a 28% profit lift to US$5.64 billion for 1H FY26, and also announced a US$4.3 billion silver streaming agreement.
The news sent the BHP share price to a near-record high of $54.20. The all-time high is $54.55, set in mid-2021.
Following the 1H FY26 report, brokers reviewed their ratings and 12-month price targets for BHP shares.
Bank of America reiterated its buy rating and raised its target from $57 to $60.
Morgan Stanley kept its buy rating but cut its target from $56.50 to $55.50.
Ord Minnett retained its buy rating and lifted its price target from $51 to $54.
RBC Capital reiterated its hold rating on the ASX 200 mining share, and lifted its target from $51 to $55.
Macquarie reiterated its hold rating and lifted its price target from $51 to $52.
UBS kept its hold rating but increased its target from $47 to $52.
Citi also kept its hold rating and raised its price target from $48 to $52.
Morgans maintained its hold rating and lifted its target from $48.60 to $49 per share.
Sandfire Resources Ltd (ASX: SFR)
The Sandfire Resources share price is down 0.63% to $18.85 on Friday.
Sandfire is the largest ASX 200 copper mining share on the market.
This week, Sandfire reported a 94% increase in net profit after tax (NPAT) to US$96.3 million for 1H FY26.
After reviewing the numbers, several brokers have revised their ratings and 12-month targets.
Morgans kept its hold rating on Sandfire Resources shares and increased its price target from $18.90 to $20.40.
Macquarie reiterated its hold rating with a price target of $20.10.
Morgan Stanley kept its sell rating on the ASX 200 copper mining share with a price target of $16.20.
Canaccord Genuity upgraded Sandfire Resources shares to a buy. The broker lifted its 12-month target from $19.50 to $21.
UBS maintained its sell rating and raised its target from $17.75 to $18.05.
The Sandfire Resources share price hit a record high of $21.75 last month.
PLS Group Ltd (ASX: PLS)
The PLS Group share price is down 0.8% to $4.35 at the time of writing.
PLS Group, formerly known as Pilbara Minerals, is the largest ASX 200 lithium mining share on the market.
This week, PLS Group reported a 241% lift in underlying earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $253 million for 1H FY26.
The positive result prompted brokers to re-think their ratings and 12-month price targets.
Citi reiterated its hold rating with a price target of $5.25.
Morgan Stanley retained its buy rating on the ASX 200 lithium mining share with a price target of $5.
Bell Potter maintained its hold rating with a price target of $4.60.
RBC Capital reiterated its buy rating and lifted its PLS Group share price target from $5.10 to $5.20.
The PLS Group share price reached a two-and-a-half-year high of $5.16 last month.
The post Brokers review 12-month price targets for 3 ASX 200 mining shares post-results appeared first on The Motley Fool Australia.
Citigroup is an advertising partner of Motley Fool Money. Bank of America is an advertising partner of Motley Fool Money. 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 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.
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