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    BHP   AU000000BHP4

BHP GROUP LIMITED

(BHP)
  Report
Delayed Australian Stock Exchange  -  12:10:48 2023-01-27 am EST
49.54 AUD   +0.61%
01/27European Equities Move Lower Friday, Set to End Week in Negative Territory
MT
01/27Australian shares hover near nine-month high on tech, financials boost
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01/26Australian shares rise on boost from miners and banks; Fortescue climbs
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Australia's Top Miners Hit Five-Month High on China Demand Hopes

11/13/2022 | 10:36pm EST

By Rhiannon Hoyle


Shares in some of Australia's biggest mining stocks jumped Monday, buoyed by hopes for improving commodity demand after China signaled a loosening of pandemic restrictions and a reversal in its property-sector crackdown.

Shares in BHP Group Ltd., the world's No. 1 miner by market value and a major producer of steelmaking commodities iron ore and metallurgical coal, were recently 5.0% higher at 44.20 Australian dollars (US$29.65) a share.

Rival Rio Tinto Ltd., the world's top iron-ore producer and No. 2 miner overall by market value, was 4.3% higher at A$107.03 a share.

Both stocks are at their highest price since June. Other miners including Fortescue Metals Group Ltd. and South32 Ltd. also rallied.

China's central bank and top banking regulator issued a wide-ranging series of measures aimed at bolstering housing demand and supply, according to a notice circulated Friday to the country's financial institutions and officials involved in policy-making.

China's property sector accounts for roughly 30% of China's steel demand and 20%-30% of China's aluminum, zinc and copper consumption, according to Commonwealth Bank of Australia analyst Vivek Dhar.

Still, the outlook for commodity demand is opaque after a deep slump in the country's real-estate market in recent times, he said in a client note Monday.

"With homebuyer and creditor confidence so eroded, it's hard to gauge how quickly China's property sector can recover, even if China's Covid-zero policy has been relaxed," Mr. Dhar said. "We'd likely need to see a more meaningful relaxation of China's Covid-zero policy and a greater tolerance to live with Covid-19 than to eliminate it."


Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com


(END) Dow Jones Newswires

11-13-22 2235ET

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 0.61% 49.54 Delayed Quote.8.57%
COMMONWEALTH BANK OF AUSTRALIA 0.94% 109.85 Delayed Quote.7.07%
FORTESCUE METALS GROUP LIMITED 0.04% 22.49 Delayed Quote.9.65%
RIO TINTO PLC -1.35% 6291 Delayed Quote.8.50%
S&P GSCI ALUMINUM INDEX -0.52% 165.8823 Real-time Quote.11.16%
SILVER -0.06% 23.56 Delayed Quote.-0.19%
SOUTH32 LIMITED -1.05% 4.71 Delayed Quote.17.75%
WTI 0.00% 79.45 Delayed Quote.0.75%
All news about BHP GROUP LIMITED
01/27European Equities Move Lower Friday, Set to End Week in Negative Territory
MT
01/27Australian shares hover near nine-month high on tech, financials boost
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01/26Australian shares rise on boost from miners and banks; Fortescue climbs
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01/26Fortescue sees solid rebound in China after strong Q2
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01/25Community Engagement, Sustainable Practices Central to Enable Energy Transition, BHP Sa..
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01/25Australian shares snap five-day rally after hot inflation data
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More news
Analyst Recommendations on BHP GROUP LIMITED
More recommendations
Financials (USD)
Sales 2023 54 561 M - -
Net income 2023 15 318 M - -
Net Debt 2023 4 688 M - -
P/E ratio 2023 11,4x
Yield 2023 5,96%
Capitalization 178 B 178 B -
EV / Sales 2023 3,35x
EV / Sales 2024 3,44x
Nbr of Employees 45 295
Free-Float 96,9%
Chart BHP GROUP LIMITED
Duration : Period :
BHP Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends BHP GROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 35,21 $
Average target price 31,68 $
Spread / Average Target -10,0%
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
Edgar Basto Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
BHP GROUP LIMITED8.57%178 331
RIO TINTO PLC8.50%130 733
GLENCORE PLC-0.76%85 419
ANGLO AMERICAN PLC9.90%53 472
SAUDI ARABIAN MINING COMPANY (MA'ADEN)15.30%48 910
GRUPO MÉXICO, S.A.B. DE C.V.22.07%34 622