Macquarie Group Ltd (ASX: MQG) believes there could be stronger demand and prices for commodities, including iron ore, manganese and thermal coal. The broker upgraded its forecast for the respective materials by 18%, 22% and 17%. The broker notes that its preference for the BHP over Rio Tinto has narrowed. But reiterates an outperform rating with a $57 target for the BHP share price. This represents an upside of 25% at today’s prices, excluding its 6.10% dividend yield.
Macquarie Group Ltd (ASX: MQG) believes there could be stronger...
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Last
$43.74 |
Change
0.260(0.60%) |
Mkt cap ! $221.8B | |||
| Open | High | Low | Value | Volume |
| $43.65 | $43.92 | $43.56 | $271.0M | 6.197M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 600 | $43.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.74 | 8771 | 2 |
View Market Depth
| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |