BHP Stock Summary and Trading Ideas (BHP Group Limited American Depositary Shares (Each Representing Two Ordinary Shares) | NYSE:BHP)

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 18, 2024, BHP stock price declined to $57.99 with 2,718,521 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 $146.78 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 -1.8%, while the SPY ETF gained +22.3%. In the last 3 month period, BHP fell short of the market, returning -1.6%, while SPY returned +6.1%. However, in the most recent 2 weeks BHP has outperformed the stock market by returning -1.4%, while SPY returned -3.8%.

BHP support price is $57.52 and resistance is $59.30 (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.