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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  BHP Group    BHP   AU000000BHP4

BHP GROUP

(BHP)
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End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 10/18
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BHP : Mining giant BHP sees ‘sooner-than-expected' end to coal era

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05/23/2019 | 04:48am EDT

Mubasher: BHP Group sees the outlook for thermal coal facing challenges, while the world’s biggest miner will not add production as it sets commodities associated with the transition to renewables and electric transports, according to Bloomberg.

The Melbourne-based producer’s CFO Peter Beaven pointed to the possibility that the coal will be “phased out, potentially sooner than expected,” during a presentation to investors on Wednesday.

BHP has “no appetite for growth in energy coal regardless of asset attractiveness,” Beaven was quoted by the media outlet.

The mining company will direct its focus to boost “value to shareholders” at its thermal coal mine in Australia and the Cerrejon business in Colombia, regardless of whether it is a long-term owner, the executive told investors.

BHP projects demand for thermal coal “to plateau and then decline,” despite the commodity will remain a large market.

BHP is the latest to question the future of coal as a fuel of energy generation, as investors push for further steps to address climate change and tighten restrictions on holding companies.

BHP’s competitor Rio Tinto sold its final coal mines last year, while Glencore last March announced that it would seek to scale back the production of the material.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (USD)
Sales 2020 45 150 M
EBIT 2020 18 048 M
Net income 2020 10 794 M
Debt 2020 10 241 M
Yield 2020 5,84%
P/E ratio 2020 11,1x
P/E ratio 2021 13,1x
EV / Sales2020 2,75x
EV / Sales2021 2,81x
Capitalization 114 B
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Technical analysis trends BHP GROUP
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 16
Average target price 24,62  $
Last Close Price 23,85  $
Spread / Highest target 14,9%
Spread / Average Target 3,22%
Spread / Lowest Target -15,1%
EPS Revisions
Managers
NameTitle
Andrew Mackenzie CEO & Non-Independent Executive Director
John Kenneth Norman MacKenzie Chairman
Daniel Malchuk President-Americas Minerals Operations
Mike Henry President-Minerals Australia Operations
Geraldine Ann Slattery President-Operations Petroleum
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