#1 - BHP Group (NYSE:BHP)
As is the case with many precious metals and minerals stocks, a good place to look for publicly traded companies to invest in is the mining sector. When it comes to uranium, BHP Group (NYSE: BHP) is one to keep your eye on.
BHP is an Australian-based company, and it mines for uranium almost exclusively through its Olympic Dam project in South Australia. The site holds some of the world’s largest deposits of uranium – in addition to copper and gold. This explains why Australia is the third largest uranium producer in the world.
Furthermore, BHP Group is not just a play on uranium, but it can provide exposure to both the gold and copper markets. While prices for both metals remain volatile, the long-term trend for both is for higher price movement.
BHP stock is attractively priced at just 10.38x earnings. And it pays a high-yielding semi-annual dividend that currently yields a20%. That’s an impressive stream of passive income for investors who are waiting on the uranium boom.
About BHP Group
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
Read More - Current Price
- $58.41
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $50.00 (14.4% Downside)
