BHP
BHP

$55.38

1.08%

Market Cap: 140B

About: BHP is a global diversified miner mainly supplying iron ore and copper. The merger of BHP Limited and Billiton PLC created the present-day BHP Group. The dual-listed structure from the 2001 BHP and Billiton merger was collapsed in 2022. Major assets include Pilbara iron ore and Escondida copper. Onshore us oil and gas assets were sold in 2018 and the remaining Petroleum assets were spun off and merged with Woodside in 2022, with BHP vesting the Woodside shares it received to BHP shareholders. BHP is growing its nickel business to supply more battery-grade nickel and is also entering the potash market through the development of its Jansen mine in Canada. It also purchased copper miner Oz Minerals in fiscal 2023.

Employees: 42,319

0

Funds holding %

of 6,702 funds

–

Analysts bullish %

0

News positive %

of 10 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

15% more call options, than puts

Call options by funds: $328M | Put options by funds: $285M

0.15% less ownership

Funds ownership: 1.9% [Q4 2023] → 1.75% (-0.15%) [Q1 2024]

5% less repeat investments, than reductions

Existing positions increased: 226 | Existing positions reduced: 238

3% less funds holding

Funds holding: 681 [Q4 2023] → 658 (-23) [Q1 2024]

23% less first-time investments, than exits

New positions opened: 77 | Existing positions closed: 100

25% less funds holding in top 10

Funds holding in top 10: 8 [Q4 2023] → 6 (-2) [Q1 2024]

66% less capital invested

Capital invested by funds: $15.2B [Q4 2023] → $5.12B (-$10.1B) [Q1 2024]

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Research analyst outlook

We haven’t received any recent analyst ratings for BHP.

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Financial journalist opinion

Based on 10 articles about BHP published over the past 30 days

The 3 Best Uranium Stocks to Buy Now: July 2024

Although a somewhat controversial investment category, the bullish case for the best uranium stocks has become extraordinarily compelling. It all centers around one catalyst: rising energy consumption from advanced technologies, particularly artificial intelligence.

The 3 Best Uranium Stocks to Buy Now: July 2024

Investors Business Daily

Option Trade On Mining Stock Offers 4.7% Return, Chance To Buy At Discount

The goal is to either have the BHP put expire worthless and keep the premium, or to be assigned and acquire the stock below the current price.

Option Trade On Mining Stock Offers 4.7% Return, Chance To Buy At Discount

Zacks Investment Research

BHP Reports Record Iron Ore Production in FY24, Copper Up 9%

BHP reports iron ore production of 260 Mt in fiscal 2024. The miner expects production in fiscal 2025 between 255 and 265.5 Mt.

BHP Reports Record Iron Ore Production in FY24, Copper Up 9%

CNBC International TV

Major M&A deals are 'the only way' for mining companies like BHP and Rio Tinto to grow, says analyst

Hayden Bairstow, executive director and head of research at Argonaut, says volume growth for both companies is still "fairly muted."

Major M&A deals are 'the only way' for mining companies like BHP and Rio Tinto to grow, says analyst

Proactive Investors

BHP Group shutters Western Australia nickel mining for at least three years

BHP Group Ltd (LSE:BHP, ASX:BHP) told investors it will temporarily suspend its Western Australia Nickel operations from October, amid ‘oversupply' in the global nickel market which has suppressed sales prices. The suspension includes the miner's Nickel West operations and the West Musgrave project.

BHP Group shutters Western Australia nickel mining for at least three years

The 3 Best Copper Mining Stocks to Buy Now: July Edition

When analysts discuss mining and resource extraction, copper tends to receive less attention due to its less obvious applications and importance to several industries. But with the way several technologies are heading, including robotics and manufacturing, copper could become just as central to the global economy as lithium or steel.

The 3 Best Copper Mining Stocks to Buy Now: July Edition

Zacks Investment Research

BHP Seeks Approval for Electric Trolley System at Escondida

BHP seeks a permit from Chile's environmental regulator to build a $250-million electric trolley system at Escondida. It is set to cut down diesel consumption and improve truck performance.

BHP Seeks Approval for Electric Trolley System at Escondida

Escondida | BHP initiates environmental processing to implement a truck transportation system based on an electric trolley

SANTIAGO, Chile, July 03, 2024 (GLOBE NEWSWIRE) -- Escondida | BHP submitted an Environmental Impact Statement (DIA) to the Environmental Impact Assessment System (SEIA), to advance in the "Implementation of the Mining Truck Electrification System in Escondida Norte" project, which seeks to assist the movement of these pieces of equipment inside the mine by means of a trolley system.

Escondida | BHP initiates environmental processing to implement a truck transportation system based on an electric trolley

Midland Begins a Major Exploration Program for Nickel and Copper in Nunavik, Quebec Under Its Strategic Alliance With BHP

MONTREAL, July 03, 2024 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland”) (TSX-V: MD) is pleased to announce the commencement of a major exploration program for nickel and copper in Nunavik, following up on exploration work carried out from 2020 to 2023 during which new Ni-Cu-Co mineral occurrences were discovered.

Midland Begins a Major Exploration Program for Nickel and Copper in Nunavik, Quebec Under Its Strategic Alliance With BHP

Claimants for deadly Mariana dam collapse file injunction against BHP, Vale

Lawyers representing claimants taking legal action over Brazil's worst environmental disaster filed an injunction this week against miners BHP and Vale for "trying to derail" a potential 36 billion-pound ($46 billion) London lawsuit.

Claimants for deadly Mariana dam collapse file injunction against BHP, Vale

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