Copper to hit $10,500 over coming months - Citi
Seeking Alpha News (Fri, 19-Apr 8:36 AM ET)
BHP Group Ltd (BHPLF) Gets a Hold from Berenberg Bank
TipRanks (Fri, 19-Apr 4:55 AM ET)
BHP Group Ltd (BHPLF) Receives a Hold from RBC Capital
TipRanks (Fri, 19-Apr 2:25 AM ET)
BHP keeps full-year iron ore output guidance despite quarterly drop
Seeking Alpha News (Thu, 18-Apr 12:56 PM ET)
Wall Street Analysts Are Bullish on Top Materials Picks
TipRanks (Thu, 18-Apr 7:20 AM ET)
Iron ore prices set to slump again as China's housing troubles mount, analyst says
Seeking Alpha News (Wed, 17-Apr 12:53 PM ET)
Copper rally extends to near two-year high; aluminum hits best in 14 months
Seeking Alpha News (Wed, 17-Apr 11:35 AM ET)
Biden administration calls for tripling China tariffs on steel, aluminum imports
Seeking Alpha News (Wed, 17-Apr 6:13 AM ET)
RBC Capital Sticks to Its Hold Rating for BHP Group Ltd (BHPLF)
TipRanks (Wed, 17-Apr 3:56 AM ET)
Chile needs permitting reforms to boost mining investment, BHP and Rio execs say
Seeking Alpha News (Tue, 16-Apr 4:42 PM ET)
BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore U.S. oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery-grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.
BHP Group Limited American Depositary Shares (Each Representing Two Ordinary Shares) trades on the NYSE stock market under the symbol BHP.
As of April 19, 2024, BHP stock price climbed to $58.16 with 924,030 million shares trading.
BHP has a beta of 0.93, meaning it tends to be less sensitive to market movements. BHP has a correlation of 0.22 to the broad based SPY ETF.
BHP has a market cap of $147.21 billion. This is considered a Large Cap stock.
In the last 3 years, BHP stock traded as high as $82.07 and as low as $46.92.
The top ETF exchange traded funds that BHP belongs to (by Net Assets): GCOW, DIHP, DFIC, DFAI, AVDE.
BHP has underperformed the market in the last year with a return of -3.4%, while the SPY ETF gained +21.6%. In the last 3 month period, BHP fell short of the market, returning -1.5%, while SPY returned +4.7%. However, in the most recent 2 weeks BHP has outperformed the stock market by returning +0.7%, while SPY returned -3.1%.
BHP support price is $57.11 and resistance is $58.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BHP stock will trade within this expected range on the day.