most analysts have iron ore at $100 a tonne for the year now. So a surprise to $115 average would be a real kicker to the share price in EPS estimates revising up. Add in the copper that finally occurred and it’s looking good. BHP has a bit of fear of the market in it with higher range debt that it competitor - RIO. A strong surprise in iron ore could remove this. Add in a beautiful resource estimate for oak dam with copper at 4.5-$5 and this stock will fly.
The only other issue is the hangover from Samarco. This may continue for years with potentially billions more in provisions or payouts to make it go away.
most analysts have iron ore at $100 a tonne for the year now. So...
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Last
$44.64 |
Change
-0.270(0.60%) |
Mkt cap ! $226.3B | |||
| Open | High | Low | Value | Volume |
| $44.56 | $44.84 | $44.46 | $226.2M | 5.063M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3451 | $44.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.65 | 67896 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$44.76 |
Change
-0.270 ( 0.26 %) |
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| Open | High | Low | Volume | ||
| $44.55 | $44.84 | $44.46 | 827570 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| BHP (ASX) Chart |