Company Information
About BHP Group Limited (ASX: BHP)
BHP Group Limited is an Australian resources company engaged in the production of various commodities such as iron ore, copper, nickel, potash, and metallurgical coal, which are used for steelmaking. The company’s mission is to supply resources necessary for the global transition to renewable energy and sustainable practices, including copper for renewable energy infrastructure, nickel for electric vehicles, potash for sustainable farming, and materials for the steel required in global infrastructure.
BHP operates in several segments: Copper, Iron Ore, and Coal. Its Copper segment focuses on the extraction of copper and other minerals like silver, zinc, molybdenum, uranium, and gold. The Iron Ore segment deals with the mining of iron ore. The Coal segment involves the mining of both metallurgical coal, used for steel production, and energy coal.
The company has a presence in a wide range of geographical locations beyond Australia, including Europe, China, Japan, India, South Korea, and across North and South America.
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For the trailing twelve months, BHP’s revenue amounted to AUD 84.12 billion, with net income reported as AUD 11.24 billion. BHP was incorporated in 1885 and employs around 40,980 people.
Despite its global operations and substantial revenues, the company has experienced challenges, as indicated by a decrease in year-on-year revenues of 17.33%, from AUD 65.10 billion to AUD 53.82 billion. This decline, accompanied by an increase in the cost of goods sold, led to a significant drop in net income by 58.18%, from AUD 30.90 billion to AUD 12.92 billion.
BHP’s website can be found at https://www.bhp.com/. The company made headlines with the announcement of a deal to acquire Nutrien Ltd on October 17, 2023.
BHP Group Limited (ASX: BHP) Live Chart
BHP Group Limited (ASX: BHP) Forecast
Seventeen analysts from Wall Street have provided their twelve-month price predictions for BHP Group Ltd., with an average target set at AU$48.79. Their forecasts range from a high of AU$68.16 to a low of AU$40.37. This average target implies a potential upside of 13.01% from the company’s last closing price of AU$43.17.
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