Berenberg keeps Hold rating and USD 91 target for BHP Group stock

Published on 10/26/2026 at 15:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Iron ore rose 4.00 percent to 66.50 million tonnes in the quarter ended September 30, 2026. BHP Group stock costs EUR 70.25 on October 26, 2026.

Analyst target and operations

Berenberg maintained a Hold rating and a USD 91.00 target for BHP Group on October 21, 2026.
Iron ore production rose 4.00 percent to 66.50 million tonnes in the quarter ended September 30, 2026.
BHP Group stock costs EUR 70.25 at Lang & Schwarz on October 26, 2026 at 3:32 p.m. CEST.
Jansen Stage 1 was 87.00 percent complete in the operational review dated October 20, 2026.

BHP, US0886061086, Illustration mit AI erstellt.

Berenberg Bank maintained a Hold rating and a USD 91.00 price target for BHP Group in a report dated October 21, 2026, according to Markets Insider. Against the USD 78.93 primary-market price on October 26, 2026, the target stood 15.29 percent above the price. BHP Group stock was trading at EUR 70.25 at Lang & Schwarz on October 26, 2026 at 3:32 p.m. CEST.

What does the target imply?

The Berenberg view places the stock below its USD 91.00 target while keeping the rating at Hold. The same report cited a consensus target of USD 83.50 and a Moderate Buy consensus, giving the stock a mixed valuation signal rather than a uniform bullish call. The target and consensus figures are reported by Markets Insider.

Iron ore offsets copper weakness

BHP's operational review dated October 20, 2026 showed iron ore production rising 4.00 percent year on year to 66.50 million tonnes for the quarter ended September 30, 2026. The company also reported that Western Australia Iron Ore produced 64.30 million tonnes, up 4.00 percent from the comparable period, according to Investegate.

The same review put Jansen Stage 1 at 87.00 percent complete and on track for first potash production in mid-2027. That project gives the portfolio a quantified growth milestone beyond the established copper, iron ore and coal operations.

Valuation and upcoming dates

BHP had a USD 200.6 billion market capitalization, a 20.22 price-to-earnings ratio and a 4.00 percent dividend yield on October 26, 2026. Its primary-market 52-week range was USD 52.18 to USD 98.71, leaving the current USD 78.93 price 20.02 percent below the high.

BHP's investor calendar lists the operational review for the quarter ended September 30, 2026 on October 20, 2026 and the results for the year ended June 30, 2026 on August 18, 2026. The September review also identified mid-2027 as the first-production target for Jansen Stage 1.

Stock price and investor view

The latest analyst view combines a Hold rating with a USD 91.00 target, while BHP's operating data show a 4.00 percent increase in iron ore output and an 87.00 percent completion level for Jansen Stage 1. For investors, the contrast is between near-term production mix and the longer-dated contribution expected from potash.

BHP Group stock was trading at EUR 70.25 at Lang & Schwarz on October 26, 2026 at 3:32 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of BHP Group stock.