Macquarie’s Take on Rio Tinto vs BHP Shares Analysis
Understanding Macquarie’s Assessment of Australia’s Mining Leaders
Macquarie Group maintains neutral ratings on both Rio Tinto and BHP, yet their recent analysis reveals distinct preferences shaped by operational momentum and strategic positioning. Macquarie’s take on Rio Tinto or BHP shares reflects a nuanced assessment weighing multiple factors including production efficiency, cost management initiatives, and potential catalysts that could drive share price performance over the coming months.
Current Rating Breakdown:
- Rio Tinto (ASX: RIO): Neutral rating with $124.00 price target, implying 6.2% downside from current levels
- BHP Group (ASX: BHP): Neutral rating with $44.00 price target, suggesting 2.4% upside potential
The…
