Are BHP shares a good buy?
Analysts from Macquarie Group Ltd (ASX: MQG) currently rate BHP with a ‘buy’ rating and a price target of $56 per share. Given the current $36.39 price level, that implies significant upside to the Aussie mining share.
Who owns BHP in Australia?
BHP, formerly known as BHP Billiton, is the trading entity of BHP Group Limited and BHP Group plc, an Anglo-Australian multinational mining, metals and petroleum dual-listed public company headquartered in Melbourne, Victoria, Australia….BHP.
| BHP Office Tower in Perth, Western Australia | |
|---|---|
| Website | www.bhp.com |
What does the company BHP do?
One of the world’s largest mining companies, it is involved in the production of iron, steel, copper, silver, aluminum, oil, and gas. The company also has interests in engineering and transportation. BHP Billiton’s headquarters are in Melbourne, Australia.
Which is better BHP or Rio Tinto?
The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Right now, Rio Tinto is sporting a Zacks Rank of #1 (Strong Buy), while BHP has a Zacks Rank of #2 (Buy).
Which is better BHP or Rio?
RIO has seen stronger estimate revision activity and sports more attractive valuation metrics than BHP, so it seems like value investors will conclude that RIO is the superior option right now.
Why is Rio Tinto so cheap?
The strong iron ore price during the past 12 months has provided Rio Tinto with fantastic profitability. This results in Rio Tinto appearing extremely cheap to investors based on various multiples.
Is BHP overvalued?
BHP’s valuation metrics are weak at its current price due to a overvalued PEG ratio due to strong growth. BHP’s PE and PEG are worse than the market average resulting in a below average valuation score.
Who is bigger Rio Tinto or BHP?
Although both companies have a significant market capitalisation, BHP’s is AU$94.37 billion higher than Rio. BHP’s volume of shares is around 3.27 times higher than Rio.