NYSE:BHP

BHP Group (BHP) Stock Forecast, Price & News

$57.87

-0.85 (-1.45%)

(As of 06/5/2023 ET)

Compare

Today's Range: $57.62
▼
$58.45
50-Day Range: $54.90
▼
$63.41
52-Week Range: $46.92
▼
$71.52

Volume: 2.34 million shs
Average Volume: 3.05 million shs
Market Capitalization: $85.37 billion

P/E Ratio: 10.62
Dividend Yield: 6.17%
Price Target: $82.00

BHP Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 3,526.8% Upside
$2,098.86 Price Target
Short Interest: Healthy
0.51% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.61
Based on 14 Articles This Week
Insider Trading: Acquiring Shares
$58,371 Bought Last Quarter
Proj. Earnings Growth: 5.76%
From $5.90 to $6.24 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Basic Materials Sector

68th out of 165 stocks

Metal Mining Industry

5th out of 19 stocks

3.3

Analyst's Opinion

Consensus Rating
BHP Group has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $2,098.86, BHP Group has a forecasted upside of 3,526.8% from its current price of $57.87.
Amount of Analyst Coverage
BHP Group has only been the subject of 3 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.51% of the outstanding shares of BHP Group have been sold short.
Short Interest Ratio / Days to Cover
BHP Group has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in BHP Group has recently increased by 2.90%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Leadership
BHP Group is a leading dividend payer. It pays a dividend yield of 6.08%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
BHP Group does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, BHP Group will have a dividend payout ratio of 57.21% next year. This indicates that BHP Group will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for BHP.

3.1

News and Social Media Coverage

News Sentiment
BHP Group has a news sentiment score of 0.61. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for BHP Group this week, compared to 10 articles on an average week.
Search Interest
Only 50 people have searched for BHP on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
17 people have added BHP Group to their MarketBeat watchlist in the last 30 days. This is an increase of 143% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BHP Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought $58,371.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.02% of the stock of BHP Group is held by insiders.
Percentage Held by Institutions
Only 5.90% of the stock of BHP Group is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for BHP Group are expected to grow by 5.76% in the coming year, from $5.90 to $6.24 per share.
Price to Earnings Growth Ratio
BHP Group has a PEG Ratio of 3.32. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
BHP Group has a P/B Ratio of 1.75. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About BHP Group (NYSE:BHP) Stock

BHP Group Limited is a leading natural resources company based in Melbourne, Australia, with a long and successful history in the mining industry dating back to 1851. BHP is one of the largest companies in Australia, and BHP operates in countries around the world.

The company is engaged in various mineral exploration, mining and processing activities, including zinc, copper, silver, uranium, molybdenum, gold, iron ore and coal. BHP also has a presence in refining and smelting nickel and potash. They are also engaged in development activities that revolve around the mining industry. The company provides towing, freight, marketing support, finance, marketing and trading, administrative and other services. With a global workforce of over 80,000 people, BHP is committed to promoting diversity and inclusion.

BHP is well-positioned to capitalize on the growth and demand for commodities. BHP operates in critical growth markets, providing innovation and sustainability. This operating principle has helped BHP become one of the largest mining companies in the world.

BHP has roots in Broken Hill Proprietary Company Limited (BHP), incorporated in 1885. The first consignment of Broken Hill ore was smelted in Spotswood, Victoria, in June of 1885. In 1915, BHP diversified into steel manufacturing, building a manufacturing facility in Newcastle, New South Wales. In 2001, BHP merged with Billiton, a mining company founded in the 1860s in the Netherlands, becoming BHP Billiton.

In August 2016, BHP Billiton recorded the worst annual loss in its history, at $6.4 billion. In 2017, BHP Billiton began to rebrand itself as BHP and announced plans to sell its U.S. shale oil and gas business. In July 2018, BHP Billiton completed the sale of its Fayetteville Onshore U.S. gas assets to a wholly owned subsidiary of Merit Energy Company. In August 2021, BHP announced plans to exit the oil and gas industry by merging its hydrocarbon business with Woodside Petroleum.

BHP has been part of several controversies, such as the Ok Tedi environmental disaster, Bento Rodrigues tailings dam collapse and allegations of drawing waters above the granted limit from aquifers. In response to a sexual harassment and assault investigation in 2021, the company terminated or removed 48 workers from multiple sites.

BHP is constantly striving to ensure responsible and ethical mining activities while also working toward reducing its environmental impact. As a significant player in the natural resources industry, BHP is well-positioned to capitalize on the growing demand for commodities worldwide while continuing to be a leader and innovator in the mining sector.

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BHP Stock News Headlines

June 1, 2023 | msn.com

Miner BHP admits underpaying 30,000 staff

June 1, 2023 | ft.com

BHP to pay $280mn after underpaying 30,000 staff for years

June 5, 2023 | Behind the Markets (Ad)

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June 1, 2023 | lse.co.uk

Mining firm BHP faces USD280 million hit for underpaying staff

May 31, 2023 | afr.com

BHP admits $430m in underpayments over more than a decade

May 31, 2023 | afr.com

BHP admits $430 million holiday snatch over more than a decade

May 31, 2023 | finanznachrichten.de

BHP Group Limited: BHP and Microsoft use AI to lift Escondida copper recovery

May 30, 2023 | thetimes.co.uk

Microsoft offers goldmine of technology for BHP

June 5, 2023 | Chaikin Analytics (Ad)

Wall Street Legend Who Called AMZN Crash Issues New Sell Alert

Now, after years of big gains, he says one popular company's day in the sun is finally coming to an end. You must get off this sinking ship – NOW. 1 million people follow him for his surprisingly accurate predictions. His new sell alert could save your wealth in 2023.

May 30, 2023 | msn.com

BHP, Microsoft to use AI to boost Escondida copper recovery

May 30, 2023 | news.yahoo.com

BHP and Microsoft: An Unlikely Duo Boosting Copper Mining with AI

May 30, 2023 | finance.yahoo.com

BHP taps Microsoft, AI, to improve recovery at top copper mine

May 30, 2023 | finance.yahoo.com

BHP and Microsoft use AI to lift Escondida copper recovery

May 29, 2023 | msn.com

Own BHP shares? Here’s where the ASX 200 miner is looking for ‘real expansion’

May 28, 2023 | msn.com

Here’s what’s lifting the BHP share price today

May 28, 2023 | msn.com

Invested $3k in BHP shares in 2020? Here’s how much dividend income you’ve realised

May 25, 2023 | markets.businessinsider.com

RBC Capital Remains a Hold on BHP Group Ltd (BHPLF)

May 25, 2023 | seekingalpha.com

BHP: Macro Challenges And Potential Higher Costs Confirm A Neutral Rating

May 25, 2023 | finance.yahoo.com

BHP Group Limited: BHP: Recent Production Solid; Maintaining Our FVE of AUD 39.50

May 24, 2023 | reuters.com

BHP-backed Tanzania nickel miner in talks for offtake contracts

May 24, 2023 | benzinga.com

Check Out What Whales Are Doing With BHP

May 24, 2023 | fool.com.au

Why is the BHP share price struggling against the ASX 200 today?

May 22, 2023 | msn.com

Here’s what ANZ’s iron ore forecast could mean for the BHP share price in 2023

May 22, 2023 | msn.com

JSW eyes BHP's Oz mines in $1.5-2 bn deal

May 21, 2023 | americanbankingnews.com

BHP Group (NYSE:BHP) Downgraded by StockNews.com

May 19, 2023 | americanbankingnews.com

BHP Group Limited (NYSE:BHP) Receives Consensus Rating of "Moderate Buy" from Brokerages

May 19, 2023 | fool.com.au

Why is the BHP share price outpeforming the ASX 200 today?

See More Headlines

BHP Price History

30 days | 90 days | 365 days | Advanced Chart

BHP Company Calendar

Last Earnings: 2/19/2019
Ex-Dividend for 3/30 Dividend: 3/09/2023
Dividend Payable: 3/30/2023
Today: 6/05/2023
Fiscal Year End: 6/30/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Metal mining
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NYSE:BHP
CUSIP: N/A
CIK: 811809
Web: www.bhp.com
Phone: (139) 609-3333
Fax: 61-3-9609-3015
Employees: 80,000
Year Founded: 1851

Price Target and Rating

Average Stock Price Forecast: $2,098.86
High Stock Price Forecast: $2,900.00
Low Stock Price Forecast: $82.00
Forecasted Upside/Downside: +41.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 9.81
P/E Growth: 3.32
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 0.27
Current Ratio: 1.69
Quick Ratio: 1.28

Sales & Book Value

Annual Sales: $65.10 billion
Price / Sales: 1.31
Cash Flow: $18.03 per share
Price / Cash Flow: 3.21
Book Value: $33.06 per share
Price / Book: 1.75

Miscellaneous

Outstanding Shares: 1,475,130,000
Free Float: 1,474,831,000
Market Cap: $85.37 billion
Optionable: Optionable
Beta: 0.89

Social Links

Key Executives

Mike Henry
CEO & Non-Independent Executive Director

Edgar Basto
Chief Operating Officer

David Mark Lamont
Chief Financial Officer

Laura Tyler
Chief Technical Officer

Geraldine Ann Slattery
President-Australia

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BHP Stock - Frequently Asked Questions

Should I buy or sell BHP Group stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BHP Group in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" BHP shares.
View BHP analyst ratings or view top-rated stocks.
What is BHP Group's stock price forecast for 2023?: 7 analysts have issued twelve-month price objectives for BHP Group's shares. Their BHP share price forecasts range from $82.00 to $2,900.00. On average, they predict the company's stock price to reach $2,098.86 in the next twelve months. This suggests a possible upside of 3,526.8% from the stock's current price.
View analysts price targets for BHP or view top-rated stocks among Wall Street analysts.
How have BHP shares performed in 2023?: BHP Group's stock was trading at $62.05 at the beginning of the year. Since then, BHP stock has decreased by 6.7% and is now trading at $57.87.
View the best growth stocks for 2023 here.
Are investors shorting BHP Group?: BHP Group saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 7,240,000 shares, an increase of 19.1% from the April 15th total of 6,080,000 shares. Based on an average daily trading volume, of 3,050,000 shares, the short-interest ratio is presently 2.4 days.
View BHP Group's Short Interest.
How were BHP Group's earnings last quarter?: BHP Group Limited (NYSE:BHP) posted its earnings results on Tuesday, February, 19th. The mining company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.82 by $0.05.
How often does BHP Group pay dividends? What is the dividend yield for BHP Group?: BHP Group announced a semi-annual dividend on Monday, February 27th. Stockholders of record on Friday, March 10th will be paid a dividend of $1.80 per share on Thursday, March 30th. This represents a yield of 8.7%. The ex-dividend date of this dividend is Thursday, March 9th.
Read our dividend analysis for BHP.
What ETFs hold BHP Group's stock?: ETFs with the largest weight of BHP Group (NYSE:BHP) stock in their portfolio include First Trust Indxx Global Natural Resources Income ETF (FTRI), Amplify Lithium & Battery Technology ETF (BATT), Amplify Natural Resources Dividend Income ETF (NDIV), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), Dimensional International High Profitability ETF (DIHP), AdvisorShares Dorsey Wright ADR ETF (AADR), Pacer Global Cash Cows Dividend ETF (GCOW) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW).
Is BHP Group a good dividend stock?: BHP Group (NYSE:BHP) pays an annual dividend of $3.57 per share and currently has a dividend yield of 6.08%. BHP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for BHP.

What is Mike Henry's approval rating as BHP Group's CEO?: 88 employees have rated BHP Group Chief Executive Officer Mike Henry on Glassdoor.com. Mike Henry has an approval rating of 93% among the company's employees. This puts Mike Henry in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of BHP Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other BHP Group investors own include South32 (S32), Intel (INTC), AT&T (T), Bank of America (BAC), Verizon Communications (VZ), Cisco Systems (CSCO), Micron Technology (MU), JPMorgan Chase & Co. (JPM), Pfizer (PFE) and AbbVie (ABBV).
What is BHP Group's stock symbol?: BHP Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "BHP."
Who are BHP Group's major shareholders?: BHP Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Fisher Asset Management LLC (1.23%), Harding Loevner LP (0.79%), Dimensional Fund Advisors LP (0.27%), Bank of America Corp DE (0.26%), Envestnet Asset Management Inc. (0.24%) and BlackRock Inc. (0.17%). Insiders that own company stock include Christine O'Reilly, Dion Weisler, Gary Goldberg, Ian Cockerill, Michelle Hinchliffe, Mike Henry and Xiaoqun Clever.
View institutional ownership trends.
How do I buy shares of BHP Group?: Shares of BHP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is BHP Group's stock price today?: One share of BHP stock can currently be purchased for approximately $57.87.
How much money does BHP Group make?: BHP Group (NYSE:BHP) has a market capitalization of $85.37 billion and generates $65.10 billion in revenue each year.
How many employees does BHP Group have?: The company employs 80,000 workers across the globe.
Does BHP Group have any subsidiaries?: The following companies are subsidiares of BHP Group: BHP (Towage Service) Pty Ltd, BHP Billiton Finance (USA) Limited, BHP Billiton Finance B.V., BHP Billiton Finance Limited, BHP Billiton Freight Singapore Pte Limited, BHP Billiton Marketing AG, BHP Billiton Marketing Asia Pte Ltd, BHP Canada Inc., BHP Group Operations Pty Ltd, BHP Iron Ore (Jimblebar) Pty Ltd, BHP Iron Ore Pty Ltd, BHP Nickel West Pty Ltd, BHP Olympic Dam Corporation Pty Ltd, Baosteel, Compañia Minera Cerro Colorado Limitada, Hunter Valley Energy Coal Pty Ltd, Minera Escondida Ltda, Minera Spence SA, Petrohawk Energy, Samarco Mineração S.A., and WMC Finance (USA) Limited.
Read More
How can I contact BHP Group?: BHP Group's mailing address is 171 COLLINS STREET MELBOURNE, VICTORIA C3, 3000. The official website for the company is www.bhp.com. The mining company can be reached via phone at (139) 609-3333, via email at citibank@shareholders-online.com, or via fax at 61-3-9609-3015.

This page (NYSE:BHP) was last updated on 6/5/2023 by MarketBeat.com Staff

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