BHP

BHP

Market cap $168B

BHP is set to wait out Rio Tinto's talks to take over Glencore , a deal that would create the world's largest mining company, and is not currently planning a bid for the Swiss firm, two people familiar with the matter said.

Rio Tinto's , talks to buy Glencore and create a new global industry leader could spur consolidation efforts across the copper-hungry mining sector and heap pressure on BHP, currently the world's biggest miner, to respond.

BHP shares have gained 29% in six months, driven by record iron ore output, growing copper exposure, strong cash flows and an industry-leading dividend.

BHP Group Limited is reiterated as a Buy, supported by a diversified commodity mix and robust balance sheet, despite near-term iron ore headwinds. Recent commodity rallies in copper, nickel, and aluminum position BHP to benefit from future-facing metals, offering capital that can help offset iron ore market weakness. BHP's capital discipline is evident with delayed Jansen potash expansion, a $2B Pilbara asset sale, and a higher net debt target to fund growth.

BHP Group is rated a buy, supported by disciplined capital allocation and a robust dividend yield near 8%. Nickel operations remain on hold, as current prices ($18,500/t) do not offset high Western Australia costs; BHP will reassess in February 2027. The Jansen potash project in Canada is a strategic pivot, with Stage 1 and 2 expected to deliver significant EBITDA and diversify beyond iron ore.

ILPT, NMTC, RIGL, RIO and BHP have been added to the Zacks Rank #1 (Strong Buy) List on January 6th, 2026.

BHP, RIO and ADI made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 6th, 2026.

BTE, BHP, IOT, GTLB and CMI have been added to the Zacks Rank #1 (Strong Buy) List on December 31st, 2025.

ALX, KFRC and BHP made it to the Zacks Rank #1 (Strong Buy) income stocks list on December 31, 2025.

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