Stronger prices for commodities such as gold, silver, copper, and lithium have sent many ASX mining shares soaring this year.
Some experts say their run isn't over.
Here is a sample of ASX mining shares with buy ratings for 2026.
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4 ASX mining shares buy-rated by experts
BHP Group Ltd (ASX: BHP)
Despite BHP shares hitting a 52-week high of $46.03 this month, Ord Minnett thinks the ASX iron ore mining giant has further to go.
The broker has an accumulate rating on BHP shares and recently raised its 12-month price target from $45 to $48.
In a note following a UK court decision that BHP was liable for the Samarco disaster, Ord Minnett said:
Vale and BHP are nearly halfway through the US$32 billion [Samarco] settlement, leaving BHP's remaining share to pay at circa US$9 billion, which the company marks down to an aggregate provision of US$5.5 billion …
Ord Minnett already incorporates a provision of US$6.1 billion for Samarco in our model, so we have made no changes to our earnings estimates or valuations post the UK court decision.
BHP shares closed at $45.10 on Tuesday, down 0.77% for the day and up 12.86% in the year to date (YTD).
The iron ore price is US$107.08 per tonne, up 3.35% YTD.
Resolute Mining Ltd (ASX: RSG)
Gold had another ripper year in 2025, with the commodity price surging 67% YTD.
Experts say there's more room to run, with a Goldman Sachs poll showing almost 70% of institutional investors expect the gold price to keep lifting in 2026.
ASX gold mining share, Resolute Mining, has soared in value, rising 200% in 2025 to close at $1.23 yesterday.
This stock received an extra tailwind after joining the S&P/ASX 200 Index (ASX: XJO) in the December rebalance.
Macquarie has an outperform rating on Resolute Mining shares with a price target of $1.45.
The broker raised its price target after Resolute issued a major update on its Doropo Gold Project.
IGO Ltd (ASX: IGO)
After three years of dramatic falls then stagnation, lithium prices began rebounding in the second half of 2025.
The lithium carbonate price is now up 57% YTD.
This has provided a welcome kick-along for ASX lithium mining shares.
The IGO share price closed at $8.03 yesterday, down 0.12% for the day and up 65% YTD.
Ord Minnett has a buy rating on IGO shares with a price target of $8.25.
Capstone Copper Corp CDI (ASX: CSC)
The copper price is up 43% YTD at US$5.68 per pound.
The Capstone Copper share price closed at $15.15 yesterday, down 2.38% for the day and up 50% YTD.
Macquarie has a buy rating on Capstone Copper shares with a 12-month price target of $17.
In a recent note, the broker said:
We increase CSC EPS 9%/18% in CY25/26e due to Cu price upgrades, remaining our preference in the Cu space due to its strong organic growth profile and attractive relative value.
