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    BHP   AU000000BHP4

BHP GROUP

(BHP)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 09/16
40.65 AUD   +0.97%
11:08aEuropean ADRs Move Lower in Thursday Trading
MT
08:38aBHP : Deutsche Bank Cuts BHP Group's PT, Reiterates Hold Rating
MT
07:17aBHP GROUP : Deutsche Bank reaffirms its Neutral rating
MD
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BHP : Copper advances on weak dollar, Chile supply threat

08/02/2021 | 02:55am EDT

Aug 2 (Reuters) - Copper prices rose on Monday as a weak dollar and fears of a supply disruption from a potential strike at the world's biggest copper mine in Chile supported prices.

Three-month copper on the London Metal Exchange rose 0.5% to $9,775.50 a tonne by 0755 GMT, while the most-traded September contract on the Shanghai Futures Exchange closed down 0.3% at 71,480 yuan ($11,065.53) a tonne.

The dollar hovered just above a one-month low, making greenback-priced metals cheaper to holders of other currencies, as traders eyed U.S. jobs data due later this week.

The union of workers at BHP Group Ltd's Escondida mine rejected the firm's final labour contract offer, prompting BHP to request government-mediated talks, which will last five to 10 days before a strike begins if no agreement is reached.

Prices were also supported by solid U.S. demand, but copper consumption in China - which accounts for around half of global demand - remained weak, said He Tianyu, a CRU copper analyst.

China's factory activity in July expanded at the slowest pace in 17 months due to higher raw material costs, equipment maintenance and extreme weather.

However, demand from the Chinese infrastructure sector might improve in the second half if prices fall, the analyst said.

FUNDAMENTALS

* LME aluminium rose 0.9% to $2,612 a tonne, nickel advanced 0.8% to $19,700 a tonne, while ShFE nickel shed 0.6% to 146,270 yuan a tonne, tracking losses in the steel sector on supply fears.

* U.S. senators finalized details on Sunday of a sweeping $1-trillion plan to invest in roads, bridges, ports, high-speed internet and other infrastructure, with some predicting the chamber would pass the bipartisan legislation this week.

* For the top stories in metals and other news, click or

($1 = 6.4597 yuan) (Reporting by Mai Nguyen in Hanoi; Editing by Ramakrishnan M., Anil D'Silva)


© Reuters 2021
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Analyst Recommendations on BHP GROUP
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Financials (USD)
Sales 2022 64 252 M - -
Net income 2022 20 775 M - -
Net Debt 2022 7 187 M - -
P/E ratio 2022 9,43x
Yield 2022 8,02%
Capitalization 199 B 145 B -
EV / Sales 2022 3,20x
EV / Sales 2023 3,70x
Nbr of Employees 40 110
Free-Float 58,2%
Chart BHP GROUP
Duration : Period :
BHP Group Technical Analysis Chart | MarketScreener
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Technical analysis trends BHP GROUP
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 40,65 $
Average target price 36,28 $
Spread / Average Target -10,8%
EPS Revisions
Managers and Directors
Mike Henry CEO, CFO & Non-Independent Executive Director
John Kenneth Norman MacKenzie Chairman
Rag Udd CTO & VP-Technology Global Transformation
Malcolm William Broomhead Independent Non-Executive Director
Anita Margaret Frew Independent Non-Executive Director
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