BHP Group (BHP) price forecast

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BHP Group (BHP) is one of the world’s leading metallurgical and mining companies headquartered in Australia, specializing in the extraction of iron ore, coal, oil, gas, and other resources. It operates in many countries worldwide. One of BHP Group’s strengths is the development and constant implementation of innovative technologies aimed at cost reduction, automation, and speeding up the resource extraction process. The company also focuses on sustainability and social responsibility, incorporating modern extraction and resource management methods.

1

Current BHP stock price A$43.06.

2

According to analytical forecasts, the price of BHP stocks may reach A$49.35 by the end of 2024, and it is expected to be - A$77.47 by the end of 2029.

3

Based on technical analysis indicators, the recommendation for the 1H (one-hour) timeframe is Strong Sell, and for the 1D (one-day) timeframe - Sell.

The price chart of BHP Group is relatively unstable on a long-term time frame. The price has repeatedly hit the all-time high, but has not been able to establish a sustained upward trend.


Analysts at Traders Union have prepared a comprehensive review, including an analysis of financial statements, calculation of key multipliers, including risk parameters, quarterly and annual earnings per share forecasts, short- and long-term capitalization growth forecasts, and recommendations on the advisability of buying or selling shares.


Traders Union analysts reviewed the financial condition of BHP Group, evaluated factors impacting the stock price and made short and long-term price forecasts. The review also features information on key multipliers of BHP Group as well as several useful ideas to help you make an informed investment decision.

NOTE!

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

  • Asset quotes are updated every minute.
  • Price chart is updated every minute.
  • Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
  • Medium and long-term forecasts are updated every hour.
  • Financial reporting data is updated quarterly.

Data for fundamental analysis of BHP Group stock

In this section you will learn about the basic statistics of BHP Group and other data for fundamental analysis. The section provides key financial indicators of the company as well as main multipliers.


Basic indicators contain information about the company that provides a general idea of its operation and position in the market.



Basic indicators
Industry
Other Industrial Metals & Mining
Sector
Basic Materials
Number of employees
49.09K
Latest dividend payment date
2024-03-06
Dividend amount
1.1
Market cap
214.57B
Net income
14.32B
52-week low
41.66
52-week high
50.84
Beta coefficient
0.86


Key financial indicators of BHP Group contain general information about the financial condition of the company. For analysis, current values are compared to the values of previous periods, forecasts and indicators of competitors.



Financial indicators
Gross profit
37.9B
Net income
14.32B
Accounts payable
6.09B
Accounts receivable
5.35B
EPS
2.55
Long-term debt
19.57B


Multipliers are coefficients, derivative financial indicators that allow for assessing financial stability, the degree of undervaluation, overvaluation, investment attractiveness of a company, company’s performance, and forecasting an increase or decline in the value of shares.



Multipliers
EV
363.67B
EV/R
4.23
P/E
18.98
EV/EBITDA
8.77
EBITDA
28.04B
P/S
3.86
Profit margin
0.13
P/B
5.18
Operating margin
0.39
Total debt
36.97B
Annual revenue per share
10.99
Debt to equity ratio
52.52
ROE
0.19
Current liquidity coefficient
1.57
ROA
0.15
Ratio of short positions to the total shares in circulation
-
Forward P/E
10.71
Forward annual dividend yield
0.1
PEG
10.71
Operating cash flow
32.14B

BHP Group stock forecast for today, AMZN signals for 1 week

Short-term AMZN price forecast (signals) are prepared by Traders Union based on the technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe that you need to learn the AMZN forecast for today.

NOTE!

Signals may differ on different time frames. If you want to buy BHP Group (AMZN) and hold the stock for longer than one week, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions!

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BHP Group Stock forecast for 1 year. What will the AMZN price be?

In this section, you will learn the following analyst forecasts:


  • Projected stock value
  • Quarterly and annual earnings per share (EPS) forecast.
  • Quarterly and annual sales volume forecast.

The forecasts are made based on surveys of top managers of companies and analysts. Also, current financial indicators of companies and projected indicators were taken into account.

Recommendations of analysts
Strong Buy 6
Buy 24
Hold 19
Sell 8
Strong Sell 0
Overall recommendation Hold
Projected stock value for six months, AUD
Current stock price 43.06
Highest projected stock price 80.87747
Lowest projected stock price 58.16945
Average projected stock price 70.98337
Quarterly and annual earnings per share (EPS) forecast, AUD
Parameter Current quarter forecast 12-month forecast
Maximum forecast 0 5.13
Minimum forecast 0 3.44
Parameter Current quarter forecast 12-month forecast
Average forecast 0 3.95
Average forecast value 1 year ago - 4.12
Quarterly and annual sales volume forecast (overall profit)
Parameter Current quarter forecast 12-month forecast
Maximum forecast, AUD - 91.7B
Minimum forecast, AUD - 76.6B
Parameter Current quarter forecast 12-month forecast
Average forecast, AUD - 84.3B
Projected sales growth in % to the previous period - -

Indicator Based Technical Analysis of BHP/AUD

To find a better entry point, also find out what TradingView technical analysis tool signals for the BHP Group (BHP/AUD) price. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

BHP/AUD Chart Online

What BHP Group price will be in 5 years and 12 years – prediction by years

According to the Traders Union long-term price forecast BHP Group (AMZN) can reach A$49.35 by 2025, A$77.47 by 2030, A$111.12 by 2034.

Year Price in the middle of the year Price at the end of the year
2024 A$47.12 A$49.35
2025 A$51.57 A$54.01
2026 A$56.44 A$59.11
2027 A$61.77 A$64.69
2028 A$67.6 A$70.79
2029 A$73.98 A$77.47
2030 A$80.96 A$84.78
2031 A$88.6 A$92.78
2032 A$96.96 A$101.54
2033 A$106.11 A$111.12
2034 A$116.12 A$121.6
2035 A$127.08 A$133.08

Alternative long-term price forecasts by independent analytical platforms

Here, you will find long-term stock price forecasts provided by independent analytical resources. The price forecasting methodologies they use vary, which is why the forecasts may differ substantially from each other. We recommend focusing on the average price.


According to the price forecast by Walletinvestor analysts, the BHP Group stock will be priced at A$46.936 at the beginning of 2025, and A$49.863 at the beginning of 2028.


What BHP Group (BHP) news can influence the price in the future?

The key factor of influence is the demand for extracted resources and their cost. In the case of a global economic stagnation, demand for resources decreases, leading to a corresponding drop in revenue. Growth in demand and prices for extracted resources is the main driver of BHP share price growth.


Several factors can influence the share price of BHP Group:


  • Financial statements: growth in net profit, reduced dependence on borrowed capital - any positive results are positively received by investors.
  • Competition: technologies capable of reducing the cost of resource extraction.
  • Legal disputes, litigations: their presence negatively affects stock prices.
  • Legislation: support for extraction industries in various countries, customs duties, etc.
  • Natural and man-made disasters, pandemic.

In the short term, market makers can also influence share prices, impacting the market for speculative purposes.

Latest exchange rates online

Price prediction methodology

The following tools and instruments were used for making the prediction:


Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

What is the BHP share price forecast?

According to analysts, the possibility of breaking through the historical high exists, but only if there is a growth in the global economy and an end to major geopolitical conflicts. The annual price range movement could be around $25-$30 in both directions.

Is BHP Group a good stock to buy?

The shares are more suitable for short- and medium-term strategies that involve trading within a range. Buy shares on a rebound from a strong support level when supported by confirming fundamental factors.

What strategies are suitable for trading BHP stock?

Trading based on fundamental analysis. Share prices are sensitive to changes in demand and price fluctuations of natural resources. Additionally, resistance and support levels are well visible on long-term periods, and rebounds from these levels can be used in a trading system.

Why is the BHP dividend so high?

The company has high net profit, and its shareholders are willing to distribute a portion of it as dividends.