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Analysts Are Neutral on These Materials Stocks: Ero Copper (ERO), BHP Group Ltd (BHPLF)

Tipranks - Wed Apr 15, 4:04AM CDT

Analysts fell to the sidelines weighing in on Ero Copper (ERO) and BHP Group Ltd (BHPLF) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Ero Copper (ERO)

Ero Copper received a Hold rating and a $31.00 price target from Goldman Sachs analyst Marcio Farid yesterday. The company’s shares closed last Monday at $32.12.

According to TipRanks.com, Farid is a 5-star analyst with an average return of 45.6% and a 70.3% success rate. Farid covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Southern Copper, and Vale SA. ;'>

Currently, the analyst consensus on Ero Copper is a Moderate Buy with an average price target of $35.50, a 16.0% upside from current levels. In a report issued on April 3, TipRanks – xAI also reiterated a Hold rating on the stock with a C$43.00 price target.

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BHP Group Ltd (BHPLF)

HSBC analyst Shilan Modi maintained a Hold rating on BHP Group Ltd today and set a price target of p2450.00. The company’s shares closed last Friday at $38.76.

According to TipRanks.com, Modi is ranked #11766 out of 12179 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for BHP Group Ltd with a $36.55 average price target, representing a -6.3% downside. In a report issued on April 1, Berenberg Bank also upgraded the stock to Hold with a p2500.00 price target.

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