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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  BHP Group    BHP   AU000000BHP4

BHP GROUP

(BHP)
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BHP : Morgans rates BHP as Add

10/20/2020 | 07:31pm EST

BHP Group's first quarter result outpaced expectations in both iron ore and copper, reports Morgans. Pilbara iron ore, Escondida and Olympic Dam beat the broker's estimates.

As a result, the analyst upgrades estimates for iron ore and Escondida volumes.

Management has shelved plans to expand Olympic Dam after drilling results failed to confirm earlier hopes.

Despite a drag from Olympic Dam, Morgans explains the Group still boasts a robust free cash flow yield of 9.2% and value upside.

The Add rating is unchanged and the target price is decreased to $39.40 from $39.70.

Sector: Materials.

Target price is $39.40.Current Price is $35.90. Difference: $3.50 - (brackets indicate current price is over target). If BHP meets the Morgans target it will return approximately 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2020 Acquisdata Pty Ltd., source FN Arena

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Financials (USD)
Sales 2021 44 878 M - -
Net income 2021 10 739 M - -
Net Debt 2021 9 953 M - -
P/E ratio 2021 12,7x
Yield 2021 5,42%
Capitalization 133 B 133 B -
EV / Sales 2021 3,19x
EV / Sales 2022 3,27x
Nbr of Employees 31 589
Free-Float 58,1%
Chart BHP GROUP
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Technical analysis trends BHP GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 14
Average target price 29,49 $
Last Close Price 28,60 $
Spread / Highest target 20,2%
Spread / Average Target 3,11%
Spread / Lowest Target -19,0%
EPS Revisions
Managers
NameTitle
Mike Henry CEO & Non-Independent Executive Director
John Kenneth Norman MacKenzie Chairman
Peter Beaven Chief Financial Officer
Rag Udd CTO & VP-Technology Global Transformation
Malcolm William Broomhead Independent Non-Executive Director
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