How to buy BHP Group stock
BHP is an Anglo-Australian mining and petroleum company headquartered in Melbourne, Australia. The company’s operations include working with iron ore, petroleum, zinc, copper and other precious metals. BHP subsidiaries include BHP Minerals Europe Limited, Hunter Valley Energy Coal Pty Ltd, BHP Minerals Pty Ltd and BHP Billiton Finance Limited, among others. It is the world's largest mining company with a value of almost $130 billion in 2020.
How can I buy BHP shares?
BHP has been listed in Australia and the UK since 2001, following its merger with Billiton.
If you purchase shares online you must do it through an intermediary known as broker. There are many online brokers, offering different choices of markets and services. Choose a platform with robust research and reporting sections that will provide essential information regarding BHP Group, including the company overview, history of prices and recommendations, as well as price forecasts.
How to buy invest in BHP through an ETF
Another option for more prudent investors is to invest in an ETF ( Exchange Traded Fund), which lets you invest in the market as a whole, or one specific commodity, rather than an individual company such as BHP Group. For exposure to BHP Group in an ETF, consider iShares GSCI Commodity Dynamic Roll Strategy ETF (COMT), Amplify Lithium & Battery Technology ETF (BATT), and Avantis International Equity ETF (AVDE).
Who is BHP biggest competitors?
On the ASX, the main competitors of BHP Group include IGO Limited (ASX: IGO), Mineral Resources Limited (ASX: MIN), and South32 Ltd (ASX: S32)
On the NYSE, the main competitors of BHP Group include Rio Tinto Group (NYSE: RIO), Vale SA (NYSE: VALE), Freeport-McMoRan (NYSE: FCX), Southern Copper (NYSE: SCCO), Vedanta (NYSE: VEDL), Cleveland-Cliffs (NYSE: CLF), MP Materials (NYSE: MP), Turquoise Hill Resources (NYSE: TRQ), Lithium Americas (NYSE: LAC), and Compania de Minas Buenaventura S.A.A. (NYSE: BVN).
The most biggest competitor of BHP Group is Rio Tinto.
What do analysts say about BHP?
The BHP Group 52-week high stock price is 79.66, which is 62.6% above the current share price. The BHP Group 52-week low stock price is 47.35, which is 3.4% below the current share price. The 25 analysts offering 12-month price forecasts for BHP Group Ltd have a median target of 56.83, with a high estimate of 69.79 and a low estimate of 46.52. The median estimate represents a +13.13% increase from the last price of 50.23.
Is BHP a good stock to buy?
For a buy-and-hold investor, BHP seems like a reasonably good buy at current prices. BHP is trading at an enterprise value to EBITDA multiple of just 4.5 based on current estimates for fiscal 2023, where an earnings decline versus 2022 is already accounted for.
