BHP.AX - BHP Group

ASX - ASX Delayed Price. Currency in AUD
41.34
+0.28 (+0.68%)
At close: 4:10PM AEST
Stock chart is not supported by your current browser
Previous Close41.06
Open41.24
Bid45.51 x 0
Ask41.37 x 0
Day's Range41.18 - 41.57
52 Week Range30.31 - 42.33
Volume3,032,569
Avg. Volume5,437,257
Market Cap209.056B
Beta (3Y Monthly)0.67
PE Ratio (TTM)40.37
EPS (TTM)1.02
Earnings DateAug 20, 2019
Forward Dividend & Yield1.64 (3.96%)
Ex-Dividend Date2019-03-07
1y Target Est25.45
  • Mining Newcomer Bets on $1 Billion Copper Project for Growth
    Bloomberg4 days ago

    Mining Newcomer Bets on $1 Billion Copper Project for Growth

    (Bloomberg) -- Ecuador’s ambition to become a mining superpower is being tested as the South American nation’s first large-scale copper mine starts operations.The $1 billion Mirador project in Zamora-Chinchipe province started ramping up production Thursday, Ecuador’s vice-ministry of mines said. The open-pit copper, gold and silver mine, owned by a Chinese consortium, has faced delays amid opposition by environmental groups and local communities.The mine is key to Ecuador’s goal to boost mining exports to $1.89 billion by 2021, from $270 million last year, and to quadruple its share of the country’s gross domestic product to as much as 4%. It’s a first step toward mirroring the growth story of Chile, which exported $40 billion in mining products in 2018. But the path isn’t free of challenges.“It’s the start of a new era in the economy of the country,” if it’s responsibly managed, said Fernando Benalcazar, Ecuador’s deputy mining minister, by telephone. “Symbolically, it’s the equivalent of when, in 1972, the president received the first barrel of oil.”The mine is owned by EcuaCorriente SA, a joint venture of Tongling Nonferrous Metals Group Co. and China Railway Construction Corp. It will process 10,000 tons of minerals per day in the short term, which will rise to 60,000 within months, Resources Minister Carlos Perez said during the inauguration of the mine on site. Over its lifetime, it will pay royalties and taxes amounting to $7.6 billion, he added.The project could help alleviate tightness in a copper market that’s expected to post a 189,000-ton deficit by the end of this year with few new projects coming on line and existing mines facing production disruptions, according to the International Copper Study Group.Accelerate Investment“Success in this operation could accelerate investment by this and other companies into other large mining projects,” said Erik Heimlich, a CRU Group analyst in Santiago, Chile. “Maintaining environmental standards and good community relations will be key to the success of mining in Ecuador.”Mirador was initially set to start producing in 2016, but construction was suspended after environmental and indigenous organizations alleged the Chinese-owned consortium had committed human-rights abuses. Construction resumed in March, but the victory of opponents to industrial mining in local elections later that month raised alarm bells again.“Let’s not forget that there is a proceeding before the Inter-American Human Rights Commission for the reparation of environmental rights of local communities that should be a worry for the state,” said lawyer Mario Melo, who has represented indigenous communities in high-profile environmental cases. ”There are worries regarding aspects like the tailings dam and the infrastructure construction that have already caused a worsening of environmental conditions in the region, and of living conditions.”The mine sits in a remote, mountainous jungle area on the Condor mountain range, close to the border with Peru. While gold and silver can be shipped by plane, trucks transporting copper concentrate will face a 220-mile journey through narrow, meandering roads across the country’s southern provinces.Next on Ecuador’s pipeline of big projects is Lundin Gold Inc.’s Fruta del Norte, which is set to start producing during the fourth quarter. Most of the world’s top mining companies are exploring for gold and copper in the country, including BHP Group Ltd., Hancock Prospecting Pty., Fortescue Metals Group and Newcrest Mining Ltd.Source: Ecuador Vice-Ministry of MinesTo contact the reporters on this story: Laura Millan Lombrana in Santiago at lmillan4@bloomberg.net;Stephan Kueffner in Quito at skueffner1@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Reg Gale, Steven FrankFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Financial Times5 days ago

    Iron ore price firm after BHP confirms lower exports

    The price of iron ore remained above $120 a tonne on Wednesday after BHP Group, one of the world’s biggest suppliers of the steelmaking ingredient, revealed annual exports had declined for the first time this century. In a trading update, the Anglo-Australian miner said it had shipped 270.5m tonnes of iron ore in the 12-months to June, down from 273.2m tonnes in 2018 — the first year-on-year decline in sales since at least 2000. Supply disruptions in Australia and Brazil and record steel production in China has seen the price of iron ore climb by almost 67 per cent this year to more than $120 a tonne, a level it last traded at in 2019.

  • Financial Times5 days ago

    BHP cuts coal production amid China pivot

    BHP plans to produce less thermal coal from its assets in Australia over the next 12 months as it looks to pivot away from China and focus on more profitable markets in Japan and Taiwan. The company said on Wednesday its Mount Arthur mine in New South Wales would produce between 15m and 17m tonnes of the coal in the year to June 2020, down from 19m in 2019, so it could focus on “higher quality” products. Thermal coal, which is burnt in power stations to generate electricity, can be washed to produce a higher-energy content product.

  • Estimating The Fair Value Of BHP Group (ASX:BHP)
    Simply Wall St.7 days ago

    Estimating The Fair Value Of BHP Group (ASX:BHP)

    How far off is BHP Group (ASX:BHP) from its intrinsic value? Using the most recent financial data, we'll take a look...

  • China’s Iron Ore Imports Drop, Will Prices Stay Elevated?
    Market Realist10 days ago

    China’s Iron Ore Imports Drop, Will Prices Stay Elevated?

    China consumes more than 70% of seaborne-traded iron ore. As a result, iron ore investors should track China's demand and outlook. Today, China released its trade data for June. China's iron ore imports were 75.18 million tons in June—9.7% lower YoY (year-over-year) and 10.2% lower month-over-month. In June, China's imports fell to the lowest level […]

  • Most Asia-Pacific Indexes Gain as Markets Wait for Powell
    Market Realist12 days ago

    Most Asia-Pacific Indexes Gain as Markets Wait for Powell

    Hong Kong’s Hang Seng Index recovered today after five straight losses.

  • Top 5 Copper Stocks for 2019
    Investopedia16 days ago

    Top 5 Copper Stocks for 2019

    With copper prices declining after a period of strength, it is important to look for stability and safety in copper-related investments.

  • Iron Ore: Chinese Steel Mills Urge Probe into Price Spike
    Market Realist17 days ago

    Iron Ore: Chinese Steel Mills Urge Probe into Price Spike

    China’s central government is paying close attention to the sharp rise in iron ore prices. The CISA asked the government to investigate the spike.

  • Top 4 Natural Gas Stocks as of July 2018
    Investopedia19 days ago

    Top 4 Natural Gas Stocks as of July 2018

    Natural gas prices have seen some volatility over the past few months, bouncing between highs near $3.00 per million British thermal units (MMBtu) and lows just above $2.50. The commodity currently trades at roughly $2.

  • Asia-Pacific Update: Most Indexes Fall—with a Few Exceptions
    Market Realist19 days ago

    Asia-Pacific Update: Most Indexes Fall—with a Few Exceptions

    Australia’s S&P ASX 200 was the best-performing index in the Asia-Pacific region on July 3. The index gained 0.59% on the day to end near its 12-year high at 6,685.5.

  • Reuters21 days ago

    Australian shares gain on U.S.-China ceasefire and RBA cut hopes; NZ flat

    The United States and China agreed on Saturday to restart trade talks after their respective heads of state met on the sidelines of a G20 summit in Japan. For the day, mining stocks were the biggest contributors to gains, with the subindex adding about 0.7%. Strength in mining stocks was primarily driven by stronger iron ore prices over the past quarter.

  • Have Insiders Been Selling BHP Group (ASX:BHP) Shares?
    Simply Wall St.21 days ago

    Have Insiders Been Selling BHP Group (ASX:BHP) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • Should We Worry About BHP Group's (ASX:BHP) P/E Ratio?
    Simply Wall St.21 days ago

    Should We Worry About BHP Group's (ASX:BHP) P/E Ratio?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

  • How salesforce.com and Other Hedge Fund Favorites Performed in Q2
    Insider Monkey23 days ago

    How salesforce.com and Other Hedge Fund Favorites Performed in Q2

    Insider Monkey tracks hedge funds, billionaires, and prominent value investors for a very simple reason: their consensus picks generally outperform the market. We aren’t the only research shop broadcasting this fact using a bullhorn. Here is what strategist Ben Snider said in Goldman Sachs’ periodic hedge fund report: “Despite the strong track record of popular […]

  • KOSPI Is Flat, but ASX, NZ50, and Singapore Indexes Lose Slightly
    Market Realist26 days ago

    KOSPI Is Flat, but ASX, NZ50, and Singapore Indexes Lose Slightly

    Australia’s ASX 200 lost 0.26% today. The index remained in a downward momentum within a narrow range today. 58 stocks in the index gained while 131 fell today. Among the sectors, industrials, healthcare, and basic materials were the only gainers today.

  • Houston's NAI Partners subleases space from BHP for new Galleria-area HQ
    American City Business Journals27 days ago

    Houston's NAI Partners subleases space from BHP for new Galleria-area HQ

    NAI Partners, a Houston-based commercial real estate services firm, has entered into a deal of its own, setting up the company’s move into a larger office space later this year. NAI Partners has signed a lease for a full floor at the Four Oaks Place office complex in the Uptown/Galleria area. NAI Partners’ new headquarters at 1360 Post Oak Blvd., commonly called BHP Billiton Tower, will be about a half mile from its current location at 1900 West Loop South.

  • How the NZ50, ASX, Singapore, and KOSPI Indexes Fared Today
    Market Realist27 days ago

    How the NZ50, ASX, Singapore, and KOSPI Indexes Fared Today

    Australia’s ASX200 lost marginally today. Although the index was trading higher until noon, it erased those gains afterward. 70 stocks gained, while 118 fell. BHP Group (BHP) outperformed the index with marginal gains, while Rio Tinto (RIO) gained 0.64%.

  • Top Coal-Mining Stocks for 2019
    Investopedia27 days ago

    Top Coal-Mining Stocks for 2019

    Coal is widely used across the globe as a source of electricity. Find out how efforts to use cleaner energy sources are affecting the top coal stocks in 2019.

  • ASX Recovers, KOSPI Is Flat, and Singapore Index Retreats
    Market Realist28 days ago

    ASX Recovers, KOSPI Is Flat, and Singapore Index Retreats

    Australia’s ASX200 recovered today after a loss on Friday. After losing 0.55% on Friday, the index rose 0.22% today. Out of 200 stocks in the index, 83 advanced, while 103 retreated. 14 stayed unchanged today. BHP Group (BHP) and Rio Tinto (RIO) were among the gainers, while News Corp (NWSA) lost 1.29% on the Australian Stock Exchange today.

  • Here is What Hedge Funds Think About BHP Group (BHP)
    Insider Monkey29 days ago

    Here is What Hedge Funds Think About BHP Group (BHP)

    How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • ASX Inched Closer to New High, KOSPI and Singapore Gained Big
    Market Realistlast month

    ASX Inched Closer to New High, KOSPI and Singapore Gained Big

    On June 19, Australia’s ASX200 posted its second consecutive gain. The index rose 1.2% and closed at a fresh 11-year high of 6,648.10. The index is inching towards its lifetime high of 6,851.5.

  • Supply or Demand: What Will Weigh on Iron Ore Prices More?
    Market Realistlast month

    Supply or Demand: What Will Weigh on Iron Ore Prices More?

    Tighter environmental controls are pushing Chinese mills to go for higher-quality imported ore as opposed to domestic ore. Seaborne iron ore exporters including Vale (VALE), BHP Billiton (BHP), and Rio Tinto (RIO) generate more than two-thirds of the total seaborne iron ore supply.