(BHP) BHP - Ratings and Ratios

BHP Group Limited is a multinational resources company with a diverse portfolio of assets across various geographies, including Australia, Europe, Asia, North America, and South America. The companys operations are segmented into Copper, Iron Ore, and Coal, with a presence in multiple commodities such as copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal. Additionally, BHP is involved in nickel mining, smelting, and refining, as well as potash development activities. The company also provides a range of support services, including towing, freight, marketing, and trading, as well as financial and administrative services.

With a history dating back to 1851, BHP has established itself as a major player in the global resources industry, with a strong track record of delivering value to shareholders. The companys diversified portfolio and global footprint provide a solid foundation for long-term growth and stability. As a Diversified Metals & Mining company, BHP is well-positioned to capitalize on trends in the commodities markets, with a focus on copper, iron ore, and other essential materials driving growth in the global economy.

Analyzing the levels, it is evident that BHP is currently trading near a key support level at $48.8. A breach of this level could lead to further downside, while a bounce off this level could signal a potential reversal. The companys current price of $48.99 is sandwiched between its SMA20 ($49.46) and SMA50 ($48.04), indicating a potential trading range. With the SMA200 at $50.75, a break above this level could be a bullish signal.

Using a combination of and , a forecast for BHP can be constructed. With a P/E ratio of 11.00 and a forward P/E of 11.56, the companys valuation appears reasonable compared to its historical averages. The RoE of 35.80% indicates a strong return on equity, suggesting that the company is generating significant profits from its operations. Given the current price and the ATR of 0.92 (1.87%), a potential trading strategy could involve buying on dips towards $48.0, with a target of $50.1 or higher, and a stop-loss at $48.0. A break above $50.1 could signal further upside, potentially towards the 52W High of $61.20.