BHP - BHP Group

NYSE - NYSE Delayed Price. Currency in USD
52.48
+1.20 (+2.34%)
At close: 4:02PM EDT
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Trade prices are not sourced from all markets
Previous Close51.28
Open52.32
Bid51.07 x 1100
Ask52.70 x 1800
Day's Range52.09 - 52.68
52 Week Range43.19 - 57.25
Volume2,236,260
Avg. Volume1,965,656
Market Cap208.771B
Beta (3Y Monthly)0.24
PE Ratio (TTM)25.62
EPS (TTM)2.05
Earnings DateN/A
Forward Dividend & Yield2.36 (4.46%)
Ex-Dividend Date2019-03-07
1y Target Est49.77
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The Quarter That Wasn'tBlame Vale (NYSE:VALE) for the difficulty in pinning down the true strength of current and future iron ore market. The Brazilian behemoth suffered not one but two dam bursts near its mines in recent years, with the most recent one unfolding in January of this year. The latter one claimed a few dozen lives, and forced a shutdown of a major mining operation that has affected the global supply iron ore pellets. * 7 Dividend Stocks That Are Worth Your Money To what degree it's impacted that supply isn't clear. 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While volume was down, revenue was as well, falling nearly 13% from $180 million to $157 million.The Q1 numbers weren't the problem, though. It was the comparison figures from a year earlier that were unfairly high. Iron Ore Market to Remain RobustWhile consumption of ore pellets isn't terribly seasonal, the industry's capacity to ship it is. This is particularly true of Cleveland Cliffs, which relies heavily on access to access to locks and causeways that facilitate deliveries to its customers in the lower Great Lakes. An abnormally cold and lengthy winter season this year shut down water-based shipping in that region for longer than it may normally have been halted.Cleveland Cliffs was also a victim of unfortunate timing.CFO Keith Koci explained during the first-quarter conference call: "During last year's first quarter, because the AMM hot-rolled coil price rose from $653 to $860 per short ton from the beginning to the end of the quarter. We had an enormous favorable revaluation adjustment. With HRC prices remaining relatively flat during this year's first quarter, we had no such adjustment at this time, explaining the year-over-year decline in revenue rate."AK Steel (NYSE:AKS) confirmed the stagnation of hot rolled coiled steel prices with its recently quarterly report, but dialed back its profit outlook on the likelihood that HRC prices will remain suppressed through the end of the year.Bank of America recently downgraded U.S. Steel (NYSE:X) on a similar concern.There's a disconnect between finished steel and iron ore right now. The supply of iron feeding steel mills remains tight enough to lay the groundwork for more strength ahead.The evidence in plentiful. Case(s) in point: China's demand for iron ore grew for a fifth straight month in April. 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