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    BHP   AU000000BHP4

BHP GROUP LIMITED

(BHP)
  Report
Delayed Australian Stock Exchange  -  08:18 2022-10-05 pm EDT
40.77 AUD   +0.67%
01:48aBanks lift Australian shares to near 3-week high
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10/04Pavilion Energy, Mitsui O.S.K to launch LNG bunker vessel in Q1 2023
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10/04Bhp : Port and Rail - presentation, 5 October 2022
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Australian shares rise on mining boost as BHP declares record dividend

08/15/2022 | 09:18pm EDT

Aug 16 (Reuters) - Australian shares rose on Tuesday, supported by heavyweight banks and strong performances from mining stocks following global miner BHP Group's record dividend and upbeat earnings.

The S&P/ASX 200 index was up 42.5 points or 0.6% at 7,106.8, as of 0035 GMT. The benchmark closed 0.5% lower on Monday.

Elsewhere, Japan's Nikkei was down 0.3% while S&P 500 E-minis futures were down 0.2%.

BHP, the world's largest miner by market value, declared a record dividend on higher annual profit, owing to strong commodity prices and higher sales from its Western Australia iron ore operations.

The stock surged as much as 5.5%, versus a 0.5% gain in the broader mining sector index.

Other industry heavyweights Rio Tinto and Fortescue Metals Group traded marginally higher.

Financial stocks rose 0.8%, helped by three of the country's "Big Four" banks rising between 0.1% and 0.6%.

Energy firms, however, provided a counterweight as they slipped 0.9%, with weak data from China weighing on oil prices. Shares of Woodside Energy fell 2.1%.

Top loser in the benchmark index was investment manager Challenger Ltd, which shed 11.9% in its worst session since April 2021 after reporting a lower full-year profit.

Fibre cement maker James Hardie Industries slashed its annual profit forecast on account of a slowing housing market. Shares of the company were trading 1.8% lower.

Shares of Tassal Group hit their highest level since August 2019 after the aquaculture firm said it had accepted a buyout bid from Canada's Cooke Inc, at an enterprise value of A$1.70 billion ($1.19 billion).

New Zealand's benchmark S&P/NZX 50 index rose 0.3% to 11,829.53.

($1 = 1.4263 Australian dollars)

(Reporting by Harshita Swaminathan; Editing by Sherry Jacob-Phillips)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 0.62% 40.77 Delayed Quote.22.11%
CHALLENGER LIMITED 0.32% 6.19 Delayed Quote.-7.04%
FORTESCUE METALS GROUP LIMITED -1.93% 17.27 Delayed Quote.-10.41%
JAMES HARDIE INDUSTRIES PLC -2.10% 33.645 Delayed Quote.-41.99%
NIKKEI 225 0.48% 27120.53 Real-time Quote.-6.25%
RIO TINTO PLC -0.10% 5084 Delayed Quote.4.03%
S&P/ASX 200 0.06% 6820.3 Real-time Quote.-10.01%
TASSAL GROUP LIMITED 0.00% 5.19 Delayed Quote.48.42%
WOODSIDE ENERGY GROUP LTD 2.86% 34.9 Delayed Quote.53.35%
All news about BHP GROUP LIMITED
01:48aBanks lift Australian shares to near 3-week high
RE
10/04Pavilion Energy, Mitsui O.S.K to launch LNG bunker vessel in Q1 2023
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10/04Bhp : Port and Rail - presentation, 5 October 2022
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10/04BHP Group to Reportedly Get Three LNG-Powered Bulk Carriers in Middle of 2023
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10/04Bhp : South Flank - speech, 4 October 2022
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10/04BHP To Receive Additional Carriers Partly Powered By LNG
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10/04Australian shares post best day in more than 2 years after RBA surprise
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10/04BHP to receive 3 more LNG-fuelled bulk carriers in next 6-9 mths - exec
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10/03Australian shares eye best day since late-Jan ahead of RBA decision
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10/03'Always check the label': ESG funds not as green as they seem -..
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Analyst Recommendations on BHP GROUP LIMITED
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Financials (USD)
Sales 2023 54 932 M - -
Net income 2023 15 611 M - -
Net Debt 2023 3 422 M - -
P/E ratio 2023 8,27x
Yield 2023 8,20%
Capitalization 132 B 132 B -
EV / Sales 2023 2,47x
EV / Sales 2024 2,65x
Nbr of Employees 45 295
Free-Float 96,9%
Chart BHP GROUP LIMITED
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BHP Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends BHP GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 26,14 $
Average target price 28,81 $
Spread / Average Target 10,2%
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
Sector and Competitors
1st jan.Capi. (M$)
BHP GROUP LIMITED22.11%131 860
RIO TINTO PLC4.03%95 803
GLENCORE PLC33.56%73 723
SAUDI ARABIAN MINING COMPANY (MA'ADEN)84.97%47 014
ANGLO AMERICAN PLC-3.28%40 508
GRUPO MÉXICO, S.A.B. DE C.V.-16.44%29 080