Analysts’ Opinions Are Mixed on These Materials Stocks: BHP Group Ltd (OtherBHPLF), Rio Tinto Limited (OtherRTNTF) and Mission Produce (AVO)

Analysts have been eager to weigh in on the Materials sector with new ratings on BHP Group Ltd (BHPLF – Research Report), Rio Tinto Limited (RTNTF – Research Report) and Mission Produce (AVO – Research Report).

BHP Group Ltd (BHPLF)

J.P. Morgan analyst Dominic OKane maintained a Hold rating on BHP Group Ltd yesterday and set a price target of p2550.00. The company’s shares closed last Friday at $30.45.

According to TipRanks.com, OKane is ranked #1397 out of 8348 analysts.

Currently, the analyst consensus on BHP Group Ltd is a Hold with an average price target of $30.61.

See the top stocks recommended by analysts >>

Rio Tinto Limited (RTNTF)

J.P. Morgan analyst Lyndon Fagan maintained a Sell rating on Rio Tinto Limited yesterday and set a price target of A$101.00. The company’s shares closed last Friday at $78.59.

According to TipRanks.com, Fagan is a 4-star analyst with an average return of 10.6% and a 66.1% success rate. Fagan covers the Basic Materials sector, focusing on stocks such as Fortescue Metals Group Ltd, OZ Minerals Limited, and BHP Group Ltd.

Currently, the analyst consensus on Rio Tinto Limited is a Hold with an average price target of $77.81, which is a 1.1% upside from current levels. In a report issued on March 5, CLSA also maintained a Sell rating on the stock with a A$123.50 price target.

Mission Produce (AVO)

J.P. Morgan analyst Thomas Palmer maintained a Hold rating on Mission Produce on March 10 and set a price target of $11.00. The company’s shares closed last Friday at $10.42.

According to TipRanks.com, Palmer is a 3-star analyst with an average return of 8.1% and a 55.2% success rate. Palmer covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, Darling Ingredients, and Hormel Foods.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mission Produce with a $15.50 average price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Read More on BHPLF:

• ASX Market Update, March 1– What You Should Know
• BHP Group price target lowered to 2,900 GBp from 3,000 GBp at Berenberg
• BHP Group price target raised to 2,510 GBp from 2,500 GBp at JPMorgan
• BHP Group price target lowered to 2,550 GBp from 2,700 GBp at Barclays
• What to Expect from the Earnings of These Two Australian Mining Stocks