BHP Group Ltd
BHP: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$51.20 | Lgjh | Qsrwjddx |
Raising BHP's FVE By 4% Driven by Higher Near-Term Iron Ore Prices; Shares Overvalued
Business Strategy and Outlook
BHP is the world’s largest miner by market capitalization. Main operations span iron ore, copper, and metallurgical coal. Minor contributions are from thermal coal and nickel, while the company is developing its Jansen potash project in Canada. BHP merged its oil and gas assets with Woodside Energy in June 2022, vesting the Woodside shares it received to BHP shareholders, and exiting the sector. It purchased copper miner Oz Minerals in fiscal 2023.