Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Materials Companies: BHP Group Ltd (OtherBHPLF) and Reliance Steel (RS)

Tipranks - Tipranks - Fri Apr 24, 4:42AM CDT

Companies in the Materials sector have received a lot of coverage today as analysts weigh in on BHP Group Ltd (BHPLF) and Reliance Steel (RS).

Claim 30% Off TipRanks

BHP Group Ltd (BHPLF)

In a report released yesterday, Jason Fairclough from Bank of America Securities reiterated a Buy rating on BHP Group Ltd, with a price target of A$68.00. The company’s shares closed last Wednesday at $40.15.

Fairclough has an average return of 34.8% when recommending BHP Group Ltd. ;'>

According to TipRanks.com, Fairclough is ranked #744 out of 12212 analysts.

BHP Group Ltd has an analyst consensus of Hold, with a price target consensus of $36.08, implying a -10.1% downside from current levels. In a report issued on April 16, TipRanks – Anthropic also upgraded the stock to Buy with a A$62.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Reliance Steel (RS)

In a report released yesterday, Lawson Winder from Bank of America Securities reiterated a Hold rating on Reliance Steel, with a price target of $355.00. The company’s shares closed last Wednesday at $350.87.

According to TipRanks.com, Winder is a 5-star analyst with an average return of 18.6% and a 58.8% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Pan American Silver, and Nexa Resources SA. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reliance Steel with a $334.20 average price target, implying a -0.8% downside from current levels. In a report issued on April 14, J.P. Morgan also assigned a Hold rating to the stock with a $340.00 price target.

Read More on BHPLF:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).