BHP Group Limited, formerly known as BHP Billiton, is a major player in the global mining and metals industry, headquartered in Melbourne, Australia. It is the largest company in Australia and the largest mining company in the world by market capitalization. Its roots date back to 1885 when it was founded as the Broken Hill Proprietary Company Limited, initially focusing on a silver, lead, and zinc mine in Broken Hill, Australia. Presently with a workforce of around 80,000 employees spread across more than 90 locations worldwide, BHP engages in diverse operations, extracting and producing various minerals such as iron ore, copper, nickel, potash, metallurgical coal, and other metals. This solidifies its prominent position in the global mining and metals sector.
BHP Group Operations by Commodity
| Commodity | Geographic Location | Major Projects |
|---|---|---|
| Iron ore | Australia (Pilbara, Newman, Olympic Dam) | Jimblebar, South Flank, Western Range |
| Brazil (Minas Gerais, Bahia) | Samarco, Mariana | |
| Copper | Chile (Escondida, Spence) | Quebrada Blanca Phase 2, Oaky North |
| Peru (Antamina) | Olympic Dam (copper-gold) | |
| Australia (Olympic Dam, Mount Isa) | Jansen | |
| Nickel | Western Australia (Nickel West) | |
| Canada (Nickel West) | Kwinana, Kalgoorlie | |
| Potash | Canada (Saskatchewan) | Jansen |
| Metallurgical coal | Australia (Queensland, New South Wales) | BHP Mitsui Coal |
| Petroleum | Gulf of Mexico, Trinidad and Tobago, Australia | Trinidad LNG, Bass Strait |
BHP Group Ltd Contribution to the Australian Economy:
BHP Group stands as a crucial pillar of the Australian economy, making substantial contributions in various aspects. In the fiscal year 2023, its economic impact amounted to A$79.3 billion, encompassing significant components such as A$14.4 billion in wages and salaries, A$18.5 billion in taxes and payments to governments, and A$10.0 billion in dividends to shareholders. Directly employing approximately 20,000 individuals and indirectly supporting an additional 50,000 jobs, BHP plays a vital role in job creation, particularly in Western Australia and Queensland. As one of Australia’s major taxpayers, BHP contributed A$18.5 billion in taxes and royalties in FY2023, funding essential public services like healthcare, education, and infrastructure. Beyond financial contributions, BHP prioritizes research and development, driving innovation in the mining sector, while also leading sustainable practices with ambitious environmental and social impact reduction targets. Additionally, the company actively supports community initiatives, focusing on education, health, and social development.
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BHP Group Ltd Share Current Growth:
BHP Group Limited (BHP) is a leading global resources company. Its share price on the Australian Securities Exchange (ASX) is A$ 47740. It’s share price has been volatile in recent years, but it has shown an upward trend over the long term. The company’s financial performance has been driven by strong commodity prices, particularly for iron ore and copper.
BHP is a dividend-paying company, with a current dividend yield of 6.35%. This makes the company attractive to income investors. BHP is also a leader in sustainability, with a commitment to reducing its environmental footprint. The company is investing in renewable energy and other technologies to reduce its emissions.
BHP is listed on the following stock exchanges:
- New York Stock Exchange (NYSE): BHP
- Australian Securities Exchange (ASX): BHP
- London Stock Exchange (LSE): BHP and BBL
- Johannesburg Stock Exchange (JSE): BHP
BHP Group Ltd Share Performance:
| Metric | Value |
|---|---|
| 52-week high | AUD 52.47 |
| 52-week low | AUD 33.83 |
| P/E ratio | 15.14 |
| P/B ratio | 3.68 |
BHP Group Limited: Financials 2023 (US$ Billion)
| Item | Value |
|---|---|
| Revenue | 53.2 |
| Gross Profit | 22.4 |
| EBITDA | 15.6 |
| Underlying Attributable Profit | 13.4 |
| Attributable Profit | 24.5 |
BHP Group Limited Share Price expected growth in upcoming years:
BHP’s share price may experience moderate growth in the upcoming years. However, the actual growth rate will depend on various external factors and the company’s performance. The company’s strong financial position and track record of performance could provide investors with confidence.
Here are some specific analyst targets for BHP’s share price in the upcoming years:
| Analyst | Target Price (AUD) | Year | CAGR | Rationale |
|---|---|---|---|---|
| Bloomberg | AUD 57.50 | 2024 | 7.8% | Rising commodity prices and strong global economy. |
| Reuters | AUD 63.00 | 2025 | 8.2% | Continued strong demand for commodities & focus on cost reduction. |
| Morningstar | AUD 55.00 | 2024 | 6.5% | Strong financials, attractive dividend yield, & exposure to growing commodities markets. |
| UBS | AUD 58.00 | 2025 | 7.1% | Commitment to sustainability and low-carbon technologies. |
| Macquarie | AUD 54.00 | 2024 | 6.0% | Potential headwinds from slowdown in global economy and increased competition. |
BHP Group Limited (BHP) Stock Price Prediction 2024
| Year 2024 | BHP Share Price Prediction 2024 (US$) $47.5 |
BHP Group Limited (BHP) Stock Price Prediction 2025
| Year 2025 | BHP Share Price Prediction 2025 $58 |
BHP Group Limited (BHP) Stock Price Prediction 2030
| Year 2030 | BHP Share Price Prediction 2030 $90 |
BHP Group Limited (BHP) Stock Price Prediction 2040
| Year 2040 | BHP Share Price Prediction 2040 $140 |
BHP Group Limited (BHP) Stock Price Prediction 2050
| Year 2050 | BHP Share Price Prediction 2050 $210 |
Total Market Capitalization of BHP Group Limited:
The total market capitalization of BHP Group Limited (BHP) is $216.4 billion USD. This calculation is based on the current share price of $39.41 USD and the approximately 5.5 billion outstanding shares.
Top Investors in BHP Group Limited:
Here are the top investors in BHP Group Limited (BHP):
| Rank | Investor Name | Country | Stock % |
|---|---|---|---|
| 1 | The Vanguard Group, Inc. | United States | 8.14% |
| 2 | BlackRock Inc. | United States | 7.41% |
| 3 | State Street Corporation | United States | 5.23% |
| 4 | Capital Research & Management Co. | United States | 4.98% |
| 5 | FMR LLC | United States | 4.82% |
| 6 | Norges Bank Investment Management | Norway | 3.81% |
| 7 | Legal & General Investment Management Ltd. | United Kingdom | 3.51% |
| 8 | JPMorgan Chase & Co. | United States | 3.49% |
| 9 | Massachusetts Financial Services Company | United States | 3.48% |
| 10 | The Bank of New York Mellon Corporation | United States | 3.47% |
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Some Frequently Asked Questions:
What is BHP Group Limited (BHP)?
BHP Group Limited, formerly BHP Billiton, is a major global resources company headquartered in Melbourne, Australia. It is the largest company in Australia and the world’s largest mining company by market capitalization.
Is BHP a dividend-paying company?
Yes, BHP is a dividend-paying company with a current dividend yield of 6.35%, making it attractive to income investors.
What is the expected growth of BHP’s share price in the upcoming years?
Analysts project varying target prices for BHP’s share in the upcoming years, influenced by factors like commodity prices, global economy, and the company’s commitment to sustainability.
What are some analyst predictions for BHP’s share price?
Analysts from Bloomberg, Reuters, Morningstar, UBS, and Macquarie provide target prices for BHP’s share, with projections ranging from AUD 54.00 to AUD 63.00 by 2025.
What are the stock price predictions for BHP in the long term (2030, 2040, 2050)?
Long-term predictions estimate BHP’s share price to reach $90 in 2030, $140 in 2040, and $210 in 2050.
