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BHP Group (BHP) Stock Price, News & Analysis

$62.07
-0.39 (-0.62%)
(As of 05:07 PM ET)
Compare
Today's Range
$61.28
$62.19
50-Day Range
$54.85
$62.93
52-Week Range
$54.28
$71.52
Volume
2.90 million shs
Average Volume
2.72 million shs
Market Capitalization
$157.22 billion
P/E Ratio
N/A
Dividend Yield
5.11%
Price Target
$37.33

BHP Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
39.9% Downside
$37.33 Price Target
Short Interest
Healthy
0.30% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.27mentions of BHP Group in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.46%
From $5.78 to $5.58 Per Share

Overall MarketRank

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

1.92 out of 5 stars

Basic Materials Sector

117th out of 170 stocks

Metal Mining Industry

11th out of 15 stocks


BHP stock logo

About BHP Group Stock (NYSE:BHP)

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.

BHP Stock Price History

BHP Stock News Headlines

BHP Group Ltd BHPLF
The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
Top Stock Reports for AbbVie, NIKE & BHP
PRESS DIGEST- Wall Street Journal - Dec. 7
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
BHP CFO Steps Down in Executive Reshuffle -- Update
BHP Group price target raised to A$57 from A$51.50 at BofA
See More Headlines
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Company Calendar

Last Earnings
2/19/2019
Ex-Dividend for 9/28 Dividend
9/07/2023
Dividend Payable
9/28/2023
Today
12/11/2023
Next Earnings (Estimated)
12/12/2023
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Metal mining
Sub-Industry
N/A
Employees
1,457
Year Founded
1851

Price Target and Rating

Average Stock Price Target
$37.33
High Stock Price Target
$50.00
Low Stock Price Target
$24.00
Potential Upside/Downside
-39.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$53.82 billion
Cash Flow
$6.97 per share
Book Value
$19.16 per share

Miscellaneous

Outstanding Shares
2,532,910,000
Free Float
2,532,403,000
Market Cap
$155.62 billion
Optionable
Optionable
Beta
0.89

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12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. Mike P. Henry B.Sc.Mr. Mike P. Henry B.Sc. (Age 57)
    BSc (Chem), CEO & Executive Director
    Comp: $3.18M
  • Mr. David Mark Lamont ACA (Age 57)
    B.Com., C.A., Chief Financial Officer
    Comp: $1.82M
  • Mr. Edgar Basto-Baez B.Sc. (Age 56)
    Chief Operating Officer
    Comp: $1.78M
  • Ms. Geraldine A. Slattery B.Sc. (Age 54)
    M.Sc., President of Australia
    Comp: $2.22M
  • Mr. Ragnar Udd M.B.A. (Age 51)
    President of Minerals Americas
    Comp: $1.77M
  • Ms. Laura Tyler B.Sc. (Age 56)
    M.Sc., Chief Technical Officer
  • Dinesh Bishop
    Vice President of Investor Relations
  • Ms. Caroline Cox B.A. (Age 53)
    L.L.B., M.A., Chief Legal, Governance & External Affairs Officer
  • Mr. James Agar
    Vice President of Communications
  • Mr. Michiel Hovers
    Group Sales & Marketing Officer

Should I Buy BHP Group Stock? BHP Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of BHP Group was last updated on Sunday, December 10, 2023 at 8:07 PM.

Pros

Here are some ways that investors could benefit from investing in BHP Group Limited:

  • The current stock price of BHP Group Limited is $61.58, which provides an opportunity for potential gains.
  • BHP Group Limited has a low short percentage of float, indicating a lower level of short selling activity and potentially less downward pressure on the stock price.
  • BHP Group Limited has a strong institutional ownership percentage of 4.13%, suggesting confidence from institutional investors.
  • The company has a large number of outstanding shares, indicating a well-established presence in the market.
  • BHP Group Limited has shown a positive month-to-month change percentage of 17.15%, indicating potential growth in the recent period.

Cons

Investors should be bearish about investing in BHP Group Limited for these reasons:

  • BHP Group Limited has a negative fifty-two week performance of -11.44%, suggesting potential volatility and underperformance in the past year.
  • The average daily volume of BHP Group Limited is 3,110,000 shares, which may indicate lower liquidity and potentially higher bid-ask spreads.
  • The company's float size is 0, which may limit the availability of shares for trading.
  • BHP Group Limited has a relatively high number of shares shorted, indicating potential bearish sentiment from some investors.
  • The days to cover ratio for BHP Group Limited is 2, which suggests that it would take 2 days for short sellers to cover their positions, potentially leading to increased buying pressure in the market.














BHP Stock Analysis - Frequently Asked Questions

Should I buy or sell BHP Group stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BHP Group in the last twelve months. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BHP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BHP, but not buy additional shares or sell existing shares.
View BHP analyst ratings
or view top-rated stocks.

What is BHP Group's stock price target for 2024?

9 brokerages have issued 12 month price targets for BHP Group's shares. Their BHP share price targets range from $24.00 to $50.00. On average, they expect the company's stock price to reach $37.33 in the next twelve months. This suggests that the stock has a possible downside of 39.9%.
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 shares have increased by 0.1% and is now trading at $62.10.
View the best growth stocks for 2023 here
.

Are investors shorting BHP Group?

BHP Group saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 7,630,000 shares, a decline of 9.1% from the October 31st total of 8,390,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the short-interest ratio is presently 3.2 days.
View BHP Group's Short Interest
.

When is BHP Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 12th 2023.
View our BHP earnings forecast
.

How were BHP Group's earnings last quarter?

BHP Group Limited (NYSE:BHP) released its quarterly earnings results on Tuesday, February, 19th. The mining company reported $0.77 earnings per share (EPS) 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 declared a semi-annual dividend on Tuesday, August 22nd. Stockholders of record on Friday, September 8th will be given a dividend of $1.60 per share on Thursday, September 28th. This represents a yield of 5.9%. The ex-dividend date is Thursday, September 7th.
Read our dividend analysis for BHP
.

Is BHP Group a good dividend stock?

BHP Group (NYSE:BHP) pays an annual dividend of $3.17 per share and currently has a dividend yield of 5.06%. BHP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 57.12%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BHP will have a dividend payout ratio of 56.81% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

Who are BHP Group's major shareholders?

BHP Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include Morgan Stanley (0.19%), Wellington Management Group LLP (0.12%), Northern Trust Corp (0.06%), Royal Bank of Canada (0.06%), FMR LLC (0.05%) and Westwood Global Investments LLC (0.04%). 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.

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
This page (NYSE:BHP) was last updated on 12/11/2023 by MarketBeat.com Staff

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