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    BHP   AU000000BHP4

BHP GROUP

(BHP)
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BHP : Australian shares end at 2-week low as BHP tumbles on ex-div trade

09/02/2021 | 03:03am EDT

* BHP falls nearly 7%, trades ex-div

* Australian mining, gold sub-indexes lose around 2%

* NZ benchmark up for 5th day

Sept 2 (Reuters) - Australian shares closed at a two-week low on Thursday, dragged by a steep drop in mining giant BHP Group after they traded without access to the next dividend, while a slump in iron ore prices weighed on other mining heavyweights.

The S&P/ASX 200 index ended 0.6% down at 7,485.7.

BHP Group, the world's biggest miner, was the top loser on the benchmark with a near 7% tumble, as it traded ex-dividend. It had declared a final dividend of $2 per share last month.

The broader mining sub-index shed 2.9%, as Chinese iron ore futures plunged on Wednesday.

Gold stocks closed nearly 2% lower, even as bullion prices were little changed.

"Persisting concerns around COVID-19 appear to be denting investor sentiment, driving a fall in gold stocks. Investors seem concerned over the economic impact of recent extension of lockdown restrictions, " said Kunal Sawhney, chief executive of Kalkine Group.

Authorities on Wednesday extended the lockdown in Melbourne, Australia's second most populous city, for another three weeks as they shift their focus to rapid vaccination.

Healthcare stocks fell 1.1%, with Sawhney attributing the slide to negative market sentiment stemming from higher Delta variant cases and associated lockdowns. Although, he added, the fundamental picture for healthcare looks more promising over the longer term.

Biotech firm Mesoblast, however, was one of the top gainers on the ASX as investors scooped up cheapened shares after two days of steep falls due a disappointing earnings report.

In New Zealand, the benchmark S&P/NZX 50 index extended gains to a fifth session, rising 0.3% to 13,280.47.

The country reported a drop in new COVID-19 infections, which authorities said was a sign that a nationwide lockdown was helping to limit spread of the Delta variant.

(Reporting by Arundhati Dutta in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
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Analyst Recommendations on BHP GROUP
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Financials (USD)
Sales 2022 63 012 M - -
Net income 2022 19 009 M - -
Net Debt 2022 7 580 M - -
P/E ratio 2022 7,07x
Yield 2022 10,5%
Capitalization 85 086 M 85 101 M -
EV / Sales 2022 1,47x
EV / Sales 2023 1,66x
Nbr of Employees 40 110
Free-Float 58,2%
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Technical analysis trends BHP GROUP
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 28,84 $
Average target price 33,63 $
Spread / Average Target 16,6%
EPS Revisions
Managers and Directors
Mike Henry CEO, Non-Independent Executive Director
David Mark Lamont Chief Financial Officer
John Kenneth Norman MacKenzie Chairman
Laura Tyler Chief Technical Officer
Malcolm William Broomhead Independent Non-Executive Director
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