BHP Group Limited NPV (DI) (BHP)

Sector:

Mining

1,809.50p
   
  • Change Today:
    -14.50p
  • 52 Week High: 2,358.00p
  • 52 Week Low: 1,609.50p
  • Currency: UK Pounds
  • Shares Issued: 5,076m
  • Volume: 768,026
  • Market Cap: £91,850m
  • Beta: 0.00

Jefferies cuts targets for miners, but still sees upside

By Benjamin Chiou

Date: Friday 04 Apr 2025

LONDON (ShareCast) - (Sharecast News) - Jefferies has trimmed its targets for a host of blue chip mining stocks after calculating the impact that Donald Trump's sweeping trade tariffs would have on export demand and commodity prices.
Nevertheless, the broker said that, while miners are likely to experience a "period of weakening demand" due to additional export levies, stocks in the sector are now at "attractive levels for those who can ride out near-term volatility".

Jefferies has cut Anglo American's target price from 3,000p to 2,700p, cut Glencore from 430p to 380p and Rio Tinto from 6,000p to 5,700p - though all three stocks are still rated a 'buy'.

BHP, which has had its target price lowered from 2,150p to 1,800p, is rated a 'hold'.

In the near term, Jefferies predicts that US buyers who have recently accumulated excess inventory of metals will "step out of the market and de-stock" as a result of the tariffs lifting domestic prices.

"This air pocket risk is greatest in copper, aluminum and steel, in our view. More broadly, there is also risk of a sharp slowdown in global growth, which could lead to significantly lower commodity prices. However, this risk appears to be at least partially (but not entirely) reflected in the equities already as valuations have materially de-rated," the broker said.

The most significant cuts Jefferies has made were to seaborne coal price forecasts, while gold estimates have been raised as inflationary fiscal, monetary and trade policies and greater geopolitical risk support precious metal prices.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BHP Market Data

Currency UK Pounds
Share Price 1,809.50p
Change Today -14.50p
% Change -0.80 %
52 Week High 2,358.00p
52 Week Low 1,609.50p
Volume 768,026
Shares Issued 5,076m
Market Cap £91,850m
Beta 0.00

BHP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.05% above the market average67.05% above the market average67.05% above the market average67.05% above the market average67.05% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Price Trend
49.59% below the market average49.59% below the market average49.59% below the market average49.59% below the market average49.59% below the market average
3.76% above the sector average3.76% above the sector average3.76% above the sector average3.76% above the sector average3.76% above the sector average
Income
98.63% above the market average98.63% above the market average98.63% above the market average98.63% above the market average98.63% above the market average
90.48% above the sector average90.48% above the sector average90.48% above the sector average90.48% above the sector average90.48% above the sector average
Growth
3.37% above the market average3.37% above the market average3.37% above the market average3.37% above the market average3.37% above the market average
29.63% above the sector average29.63% above the sector average29.63% above the sector average29.63% above the sector average29.63% above the sector average

What The Brokers Say

Strong Buy 3
Buy 8
Neutral 4
Sell 1
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BHP Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Mar-25 12-Sep-24
Paid 27-Mar-25 03-Oct-24
Amount 50.00¢ 74.00¢

Trades for 30-May-2025

Time Volume / Share Price
16:27 0 @ 1,813.00p
16:27 0 @ 1,813.00p
16:35 100 @ 1,809.50p
16:35 100 @ 1,809.50p
16:35 100 @ 1,809.50p

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