- BHP’s Q3 total WA iron ore output was 68.13 million tons, showing an increase of 3% from last year’s 66.16 million tons.
- Total WA iron ore shipments also saw an increase of 4.8% year on year, with a quantity of 69.78 million tons.
- Copper production was reported to be 465,900 tons during this period.
- For the current year, BHP predicts metallurgical coal production to range between 21.5 million to 22.5 million tons, slightly less than the previous forecast of 23 million to 25 million tons.
- The company also anticipates the thermal coal production to be on the higher end of the 13 million to 15 million tons range, which matches their initial prediction.
- Nickel production is expected to be at the lower end of the forecasted range of 77,000 to 87,000 tons, identical to the past forecast.
- The company currently holds nine buys, 14 holds, and three sells in terms of stock recommendations.
- All comparisons have been made with figures reported from BHP’s original disclosures.
A look at BHP Group Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
The long-term outlook for BHP Group Ltd, an international resources company, is positive based on the Smartkarma Smart Scores analysis. With a solid score of 4 for Dividend and 3 for Growth, BHP Group demonstrates a commitment to providing returns to its shareholders and potential for future expansion. The company’s momentum score of 3 indicates a steady pace of growth, while its resilience score of 2 suggests a stable financial standing amidst market fluctuations.
Overall, BHP Group Ltd appears to be a company with a strong dividend policy, potential for growth, and a relatively stable financial position. This combination of factors positions BHP Group as a noteworthy player in the resources sector, serving customers globally with a diverse portfolio of mineral and petroleum products.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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