BHP Group (NYSE:BHP) Hits New 12-Month High - Here's What Happened

Key Points

• BHP shares reached a new 52-week high of $93.83 after the company reported strong fiscal-year results, including a 9% increase in attributable profit to $9.83 billion, a 30% rise in underlying profit to $13.2 billion, and 15% revenue growth to $58.8 billion.
• Copper overtook iron ore as BHP’s largest contributor to underlying EBITDA, driven by record copper prices, while record iron-ore production also supported results. The company declared its highest annual dividend in four years.
• Despite the earnings momentum, analysts remain cautious, with BHP carrying an average “Hold” rating and a $78 price target. A failed wage agreement at Port Hedland also presents a potential labor and cost risk, though no disruption was reported.

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $93.83 and last traded at $93.0610, with a volume of 1658536 shares changing hands. The stock had previously closed at $89.09.

Key Headlines Impacting BHP Group

Here are the key news stories impacting BHP Group this week:

• Positive Sentiment: Full-year attributable profit rose 9% to $9.83 billion, while underlying attributable profit climbed 30% to $13.2 billion on higher copper prices and strong iron-ore production. Revenue increased 15% to $58.8 billion. BHP profit tops estimates as copper powers growth
• Positive Sentiment: Copper became BHP’s largest contributor to underlying EBITDA for the first time, overtaking iron ore as record copper prices boosted margins. This supports the company’s exposure to electrification and energy-transition demand, although it also increases sensitivity to copper-price swings. BHP’s copper profits outstrip iron ore
• Positive Sentiment: BHP declared its highest annual dividend in four years, providing a direct shareholder-return benefit and signaling confidence following the earnings improvement. BHP profit tops estimates and dividend rises
• Positive Sentiment: Management’s earnings presentation and prepared remarks highlighted a stronger copper-led growth profile, while record iron-ore output added support to fiscal-year performance. BHP 2026 Q4 results presentation
• Neutral Sentiment: Unions representing workers at BHP’s Port Hedland operations in Western Australia failed to reach a wage agreement. The dispute creates a potential operational or cost risk, but no disruption was reported. BHP Port Hedland wage negotiations

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of recent research reports. Zacks Research downgraded shares of BHP Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Bank of America dropped their price objective on shares of BHP Group from $93.00 to $91.00 and set a "neutral" rating for the company in a research note on Monday, June 22nd. Weiss Ratings restated a "hold (c)" rating on shares of BHP Group in a report on Friday, July 17th. DZ Bank upgraded shares of BHP Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 28th. Finally, Wall Street Zen raised shares of BHP Group from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, BHP Group currently has an average rating of "Hold" and an average price target of $78.00.

BHP Group Stock Performance

The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $85.06 and a two-hundred day moving average price of $80.36.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BHP. Bayban purchased a new position in shares of BHP Group during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new stake in BHP Group in the 4th quarter worth about $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in BHP Group in the 4th quarter worth about $26,000. Whipplewood Advisors LLC lifted its stake in BHP Group by 8,320.0% in the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company's stock worth $31,000 after purchasing an additional 416 shares during the last quarter. Finally, Addison Advisors LLC lifted its stake in BHP Group by 31.8% in the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company's stock worth $45,000 after purchasing an additional 181 shares during the last quarter. Institutional investors own 3.79% of the company's stock.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.

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