I believe bhp profits will halve due to a global slowdown.
At there very least 20 billion worth of mines will close in australia within 2 months because of low metal prices, bhp nickel mine is not profitable and that cost 3 billion.
If profits halve so will the share price. A month of metal prices at these levels and it will all fallover.
price target of 12 after profits fall
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$42.75 |
Change
0.010(0.02%) |
Mkt cap ! $216.8B | |||
| Open | High | Low | Value | Volume |
| $42.60 | $42.83 | $42.51 | $460.8M | 10.79M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1235 | $42.74 |
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| Price($) | Vol. | No. |
|---|---|---|
| $42.76 | 18069 | 4 |
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