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    BHP   AU000000BHP4

BHP GROUP

(BHP)
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BHP : Morgans rates BHP as Add

10/20/2020 | 07:31pm EDT

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 57 104 M - -
Net income 2021 14 865 M - -
Net Debt 2021 7 202 M - -
P/E ratio 2021 11,4x
Yield 2021 7,45%
Capitalization 161 B 161 B -
EV / Sales 2021 2,95x
EV / Sales 2022 3,00x
Nbr of Employees 31 589
Free-Float 58,2%
Chart BHP GROUP
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BHP Group Technical Analysis Chart | MarketScreener
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Technical analysis trends BHP GROUP
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 39,18 $
Last Close Price 34,80 $
Spread / Highest target 36,1%
Spread / Average Target 12,6%
Spread / Lowest Target -17,4%
EPS Revisions
Managers and Directors
NameTitle
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
Sector and Competitors
1st jan.Capitalization (M$)
BHP GROUP9.64%161 260
RIO TINTO GROUP6.20%134 217
ANGLO AMERICAN PLC12.09%46 449
GRUPO MÉXICO, S.A.B. DE C.V.6.81%33 728
SAUDI ARABIAN MINING COMPANY (MA'ADEN)42.47%18 541
TECK RESOURCES LIMITED10.30%10 910