BHP Shares Trade Higher As Mining Giant Confirms Record Outputs For Copper, Iron Ore
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- BHP Group Operational Results: BHP Group Limited shares are trading higher after reporting operational results for fiscal year 2024, including increased copper production and meeting guidance for all commodities.
- BHP Group Outlook and CEO Statement: The company expects further growth in copper, iron ore, and metallurgical coal production in FY25, with the CEO highlighting progress on growth options like the Jansen potash mine in Canada.
Analyst Views on HAP
Wall Street analysts forecast HAP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HAP is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 66.198
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Current: 66.198
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
