BHP, Lundin Application Signals Direction Positive, But Update Neutral Overall -- Market Talk
Dow Jones
Dec 12
0026 GMT - BHP and Lundin's application to Argentina's Incentive Regime for Large Investments, or RIGI, is more a procedural milestone than a derisking event, says RBC Capital Markets analyst Kaan Peker. "While directionally positive in indicating continued engagement with federal and provincial authorities, today's announcement does not improve project economics, certainty, or timelines," Peker says. RBC consequently views the update as neutral for BHP, he says. The broker reiterates a sector perform rating and A$49.00 target on the stock. BHP is up 1.8% at A$45.90, amid a rally in Australian mining stocks. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
December 11, 2025 19:26 ET (00:26 GMT)
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