Goldman Sachs Group initiated coverage on shares of Brigham Minerals (NYSE:MNRL) in a research report released on Monday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $26.00 price objective on the stock.

A number of other analysts have also recently weighed in on MNRL. Barclays started coverage on shares of Brigham Minerals in a report on Monday. They issued an overweight rating and a $27.00 price objective on the stock. Piper Jaffray Companies started coverage on shares of Brigham Minerals in a report on Monday. They issued an overweight rating and a $25.00 price objective on the stock. Wells Fargo & Co started coverage on shares of Brigham Minerals in a report on Monday. They issued an outperform rating and a $24.00 price objective on the stock. Royal Bank of Canada started coverage on shares of Brigham Minerals in a report on Monday. They issued an outperform rating and a $25.00 price objective on the stock. Finally, Credit Suisse Group started coverage on shares of Brigham Minerals in a report on Monday. They issued an outperform rating and a $24.00 price objective on the stock. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $25.56.

MNRL stock opened at $21.49 on Monday. Brigham Minerals has a fifty-two week low of $18.61 and a fifty-two week high of $21.74.

In related news, Director Harold D. Carter bought 40,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were purchased at an average price of $18.00 per share, with a total value of $720,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ben M. Brigham bought 111,110 shares of the stock in a transaction on Tuesday, April 23rd. The shares were bought at an average cost of $18.00 per share, for a total transaction of $1,999,980.00. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 206,665 shares of company stock worth $3,719,970.

About Brigham Minerals

Brigham Minerals, Inc owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Permian Basin in West Texas and New Mexico; the SCOOP/STACK plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.

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Analyst Recommendations for Brigham Minerals (NYSE:MNRL)

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