Brokers issue new price targets on soaring ASX 200 mining shares
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Plenty of ASX 200 mining shares have hit multi-year highs over the past fortnight as several key commodity prices continue to soar.
Some commodities have risen by more than 25% and even up to 70% over the past month alone.
This has led to many brokers updating their ratings and 12-month share price targets on several leading ASX 200 miners.
Let’s take a look.
BHP Group Ltd (ASX: BHP)
The ASX 200 iron ore and copper mining giant hit a two-year high of $49.75 per share yesterday.
Last week, Jason Fairclough at Bank of America reiterated his buy rating on BHP shares.
He raised his 12-month share price target from $49 to $56.
A $56 share price would be a record for BHP shares. The current record is…
