Bit suspicious only a month has passed since...........................you can't be too serious about these pluck out of the ether numbers? I wonder who's selling?
Goldman Sachs rates ((BHP)) as Buy (1) -
For the second half of 2024 commodities outlook, Goldman Sachs remains most positive on copper, aluminium, and metallurgical coal on forecast market deficits.
On the other hand, the broker remains bearish thermal coal and battery materials (lithium, nickel) on forecast market surpluses. Elsewhere, the benchmark 62% iron ore price is expected to average between US$100-105/t over the remainder of the year.
The broker's target for BHP Group falls to $48.40 from $49 on lower forecasts for iron ore production and reduced met coal production estimates for FY25 and FY26. Buy.
This report was published on July 3, 2024.
Target price is $48.40 Current Price is $43.48 Difference: $4.92
If BHP meets the Goldman Sachs target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $46.08, suggesting upside of 5.5%(ex-dividends)
Goldman Sachs forecasts a full year FY25 dividend of 192.10 cents and EPS of 343.04 cents.
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