Are BHP shares a good long-term buy?
One of the difficulties for BHP in the coming years is its reliance on commodity prices. If resource prices fall from where they are, then BHP's profit will drop and that will likely lead to a lower BHP share price.
As I recently wrote, UBS predicts that BHP's net profit after tax (NPAT) will fall from US$13.5 billion in FY24 to US$9.66 billion in FY28, an almost 30% drop.
https://www.********.au/2024/04/24/is-bhp-stock-a-good-long-term-investment/
TRUE or is this probably downramping?
Are BHP shares a good long-term buy?One of the difficulties for...
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Last
$43.38 |
Change
-0.040(0.09%) |
Mkt cap ! $220.0B | |||
| Open | High | Low | Value | Volume |
| $43.42 | $43.50 | $43.25 | $288.0M | 6.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10763 | $43.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.38 | 35172 | 2 |
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| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$43.34 |
Change
-0.040 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| $43.45 | $43.50 | $43.25 | 738296 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| BHP (ASX) Chart |