NYSE:BHP

BHP Group (BHP) Stock Forecast, Price & News

$56.92

-0.28 (-0.49%)

(As of 03:21 PM ET)

Compare

Today's Range: $56.74
▼
$57.57
50-Day Range: $54.99
▼
$64.18
52-Week Range: $46.92
▼
$71.52

Volume: 1.73 million shs
Average Volume: 2.82 million shs
Market Capitalization: $144.17 billion

P/E Ratio: N/A
Dividend Yield: 5.57%
Price Target: $37.33

BHP Group MarketRank™ Forecast

Analyst Rating: Hold
2.30 Rating Score
Upside/Downside: 34.8% Downside
$37.33 Price Target
Short Interest: Healthy
0.32% of Shares Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.50
Based on 13 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 3.64%
From $5.22 to $5.41 Per Share

Overall MarketRank^™

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

1.70 out of 5 stars

Basic Materials Sector

146th out of 169 stocks

Metal Mining Industry

18th out of 19 stocks

1.2

Analyst's Opinion

Consensus Rating
BHP Group has received a consensus rating of Hold. The company's average rating score is 2.30, and is based on 4 buy ratings, 5 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $37.33, BHP Group has a forecasted downside of 34.8% from its current price of $57.23.
Amount of Analyst Coverage
BHP Group has only been the subject of 4 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.32% 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 3.3, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in BHP Group has recently decreased by 15.74%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
BHP Group is a leading dividend payer. It pays a dividend yield of 5.69%, 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 58.60% 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 0.50. 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 0.35 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for BHP Group this week, compared to 10 articles on an average week.
Search Interest
Only 45 people have searched for BHP on MarketBeat in the last 30 days. This is a decrease of -13% compared to the previous 30 days.
MarketBeat Follows
25 people have added BHP Group to their MarketBeat watchlist in the last 30 days. This is an increase of 47% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BHP Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.02% of the stock of BHP Group is held by insiders.

0.6

Earnings and Valuation

Earnings Growth
Earnings for BHP Group are expected to grow by 3.64% in the coming year, from $5.22 to $5.41 per share.
Price to Earnings Growth Ratio
BHP Group has a PEG Ratio of 3.55. 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 2.99. 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.

BHP Price History

30 days | 90 days | 365 days | Advanced Chart

BHP Stock News Headlines

September 28, 2023 | fool.com.au

Own BHP shares? Here's what to watch in October

September 28, 2023 | reuters.com

BHP Group's CEO calls for 'small set' of common ESG standards

September 29, 2023 | Chaikin Analytics (Ad)

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September 26, 2023 | americanbankingnews.com

BHP Group (NYSE:BHP) Downgraded to Market Perform at Sanford C. Bernstein

September 24, 2023 | fool.com.au

The pros and cons of buying BHP shares right now

September 22, 2023 | markets.businessinsider.com

ASX Income Opportunity: BHP Shares Offer a Nearly 10% Dividend Yield

September 20, 2023 | markets.businessinsider.com

Morgan Stanley Sticks to Its Sell Rating for Fortescue Metals Group Ltd (FSUMF)

September 20, 2023 | finance.yahoo.com

BHP Group Limited: Commodity Prices in Mining Sector Supportive; Some Opportunities Available

September 29, 2023 | Chaikin Analytics (Ad)

His system isolated NVIDIA - Here's His Next Buy.

Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.

September 19, 2023 | finance.yahoo.com

Energy sector shines as Australian market dips amid rate concerns

September 14, 2023 | bloomberg.com

Stanmore Resources Seeks $1.1 Billion Loan for BHP Mine Bid

September 14, 2023 | fool.com.au

Current BHP share price is 'reasonably attractive': WAM

September 12, 2023 | fool.com.au

Own BHP shares? Here's why a US$45 billion cloud hangs over the company

September 10, 2023 | afr.com

BHP called out for Voice ‘hypocrisy’ after Brazil disaster

September 9, 2023 | msn.com

BHP Keeps Mining Profits Across Economic Cycles

September 8, 2023 | seekingalpha.com

BHP's Prospects Remain Highly Volatile After All

September 7, 2023 | seekingalpha.com

BHP Is Between A Rock And A Hard Place

September 6, 2023 | fool.com.au

What ‘challenges and uncertainty’ are looming for BHP shares in FY24?

September 5, 2023 | afr.com

BHP, Philip Morris, UBS among corporates rushing to sell debt

September 5, 2023 | afr.com

Why BHP’s Mike Henry links gender equality to better investor outcomes

September 5, 2023 | msn.com

BHP combate caída de ley en su mayor mina de cobre con IA

September 5, 2023 | bloomberg.com

Sexual Harassment Persists at BHP After Millions Spent on Women’s Safety

September 5, 2023 | finance.yahoo.com

September Flurry of Corporate Debt Sweeps Global Markets

September 5, 2023 | lse.co.uk

Brazilian court ratifies reorganisation plan of BHP investee Samarco

September 2, 2023 | finance.yahoo.com

BHP Group Limited (ASX:BHP) Goes Ex-Dividend Soon

August 29, 2023 | finance.yahoo.com

Private Credit Funds Mull Jumbo Loan for Australian Coal Mines

August 28, 2023 | finance.yahoo.com

Analysis-China-linked assets squeezed as slowdown ripples across markets

See More Headlines

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BHP Company Calendar

Last Earnings: 2/19/2019
Ex-Dividend for 9/28 Dividend: 9/07/2023
Dividend Payable: 9/28/2023
Today: 9/29/2023
Next Earnings (Estimated): 11/28/2023
Fiscal Year End: 6/30/2024

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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: 1,457
Year Founded: 1851

Price Target and Rating

Average Stock Price Forecast: $37.33
High Stock Price Forecast: $50.00
Low Stock Price Forecast: $24.00
Forecasted Upside/Downside: -34.5%
Consensus Rating: Hold
Rating Score (0-4): 2.30
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: 10.91
P/E Growth: 3.55
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: 0.31
Current Ratio: 1.23
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $53.82 billion
Price / Sales: 2.68
Cash Flow: $7.28 per share
Price / Cash Flow: 7.82
Book Value: $19.16 per share
Price / Book: 2.97

Miscellaneous

Outstanding Shares: 2,532,910,000
Free Float: 2,532,403,000
Market Cap: $144.27 billion
Optionable: Optionable
Beta: 0.93

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Key Executives

Mr. Mike P. Henry B.Sc. (Age 57)
BSc (Chem), CEO & Exec. Director
Comp: $3.18M

Mr. David Mark Lamont ACA (Age 57)
B.Com., BCom, 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., Pres of Australia
Comp: $2.22M

Mr. Ragnar Udd M.B.A. (Age 51)
Pres of Minerals Americas
Comp: $1.77M

Ms. Laura Tyler B.Sc. (Age 56)
M.Sc., Chief Technical Officer

Dinesh Bishop
VP of Investor Relations

Ms. Caroline Cox B.A. (Age 53)
L.L.B., M.A., Chief Legal, Governance & External Affairs Officer

Mr. James Agar
VP of Communications

Mr. Michiel Hovers
Group Sales & Marketing Officer

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?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BHP Group in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 4 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 forecast for 2023?: 10 brokerages have issued 12 month price targets for BHP Group's shares. Their BHP share price forecasts 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 34.5%.
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 decreased by 8.2% and is now trading at $56.96.
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 September. As of September 15th, there was short interest totaling 8,190,000 shares, a decline of 15.7% from the August 31st total of 9,720,000 shares. Based on an average daily trading volume, of 2,480,000 shares, the short-interest ratio is presently 3.3 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, November 28th 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.
What ETFs hold BHP Group's stock?: ETFs with the largest weight of BHP Group (NYSE:BHP) stock in their portfolio include Amplify Lithium& Battery Technology ETF (BATT), Dimensional International High Profitability ETF (DIHP), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), Pacer Global Cash Cows Dividend ETF (GCOW), Pacer Developed Markets International Cash Cows 100 ETF (ICOW), Amplify International Enhanced Dividend Income ETF (IDVO), Avantis International Large Cap Value ETF (AVIV) and Putnam PanAgora ESG International Equity ETF (PPIE).

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 5.69%. 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."
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 $56.96.
How much money does BHP Group make?: BHP Group (NYSE:BHP) has a market capitalization of $144.27 billion and generates $53.82 billion in revenue each year.
How many employees does BHP Group have?: The company employs 1,457 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 9/29/2023 by MarketBeat.com Staff

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