15-May-2024
BHP expected to make one more sweetened bid for Anglo American, analysts say
Seeking Alpha News (Wed, 15-May 12:57 PM ET)
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Seeking Alpha News (Wed, 15-May 11:55 AM ET)
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Seeking Alpha News (Tue, 14-May 3:00 PM ET)
BHP CEO says confident in merits of spurned Anglo takeover offer after breakup plan
Seeking Alpha News (Tue, 14-May 1:17 PM ET)
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Seeking Alpha News (Tue, 14-May 6:01 AM ET)
Anglo American eyes selling coal, platinum, diamond businesses to stave off BHP takeover
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UK Stocks: Anglo American Turns Down BHP’s Revised Offer
TipRanks (Tue, 14-May 2:36 AM ET)
BHP Group’s Aggressive Growth Strategy and Market Dominance Justify Bullish Buy Rating
TipRanks (Mon, 13-May 1:15 PM ET)
BHP says Anglo American rejected new £34B proposal
Seeking Alpha News (Mon, 13-May 9:02 AM 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 US 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 May 15, 2024, BHP stock price climbed to $59.27 with 1,478,583 million shares trading.
BHP has a beta of 0.79, meaning it tends to be less sensitive to market movements. BHP has a correlation of 0.19 to the broad based SPY ETF.
BHP has a market cap of $150.25 billion. This is considered a Large Cap stock.
In the last 3 years, BHP stock traded as high as $80.50 and as low as $46.92.
The top ETF exchange traded funds that BHP belongs to (by Net Assets): GCOW, DIHP, DFIC, AVDE, DFAI.
BHP has underperformed the market in the last year with a return of +4.8%, while the SPY ETF gained +29.9%. In the last 3 month period, BHP fell short of the market, returning +1.8%, while SPY returned +5.8%. However, in the most recent 2 weeks BHP has outperformed the stock market by returning +7.8%, while SPY returned +5.9%.
BHP support price is $57.82 and resistance is $59.76 (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.