Why is BHP stock dropping?

Why is BHP stock dropping?

Shares in mining and oil and gas giant BHP Group (ASX:BHP) (NYSE:BHP) slumped by 17.5% in September, according to data provided by S&P Global Market Intelligence. The move comes as a consequence of evidence of a slowdown in China’s construction market. As such, iron ore prices have slumped and so has BHP’s share price.

What is the difference between BHP and BBL stock?

BBL currently has a forward P/E ratio of 8.98, while BHP has a forward P/E of 10.96. We also note that BBL has a PEG ratio of 2.17. The P/B ratio is used to compare a stock’s market value with its book value, which is defined as total assets minus total liabilities. For comparison, BHP has a P/B of 2.25.

What is the forecast for BHP shares?

The 11 analysts offering 12-month price forecasts for BHP Group Ltd have a median target of 62.81, with a high estimate of 74.18 and a low estimate of 52.56. The median estimate represents a +4.23% increase from the last price of 60.26.

What happened BHP Billiton?

BHP Billiton Limited and BHP Billiton plc were renamed BHP Group Limited and BHP Group plc, respectively, on 19 November 2018.

Why did BHP merge Billiton?

BHP said the rationale of the merger was for each company to gain world-class positions in commodity businesses to which the other has no existing exposure. BHP is the world’s largest nongovernment producer of copper and one of the world’s largest iron ore and coking coal miners.

What dividend does BHP pay?

BHP Group Limited (BHP) will begin trading ex-dividend on September 02, 2021. A cash dividend payment of $4 per share is scheduled to be paid on September 21, 2021. Shareholders who purchased BHP prior to the ex-dividend date are eligible for the cash dividend payment.

Is BHP still BHP Billiton?

Following shareholder approval, BHP Billiton Limited and BHP Billiton Plc have changed their names to BHP Group Limited and BHP Group Plc, respectively, effective 19 November 2018. BHP Group Plc’s ticker on each of the LSE and JSE will change to “BHP” on 23 November 2018.

How much has bhp stock increased since March 11th?

BHP Group’s stock was trading at $35.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, BHP stock has increased by 79.4% and is now trading at $63.60. View which stocks have been most impacted by COVID-19. How often does BHP Group pay dividends?

Is bhp a great dividend paying stock?

BHP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of BHP Group is 118.69%.

How has bhp stock performed during covid-19?

BHP Group’s stock was trading at $35.45 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, BHP stock has increased by 70.2% and is now trading at $60.32.

What is the short interest in BHP Group shares?

BHP Group saw a decrease in short interest in August. As of August 13th, there was short interest totaling 20,720,000 shares, a decrease of 16.2% from the July 29th total of 24,720,000 shares. Based on an average daily trading volume, of 1,970,000 shares, the days-to-cover ratio is currently 10.5 days. View BHP Group’s Short Interest.