Summary
- BHP (BHP, Financial) will continue operations at its Mount Arthur coal mine until June 2030 with plans for future energy storage conversion.
- Analysts forecast a 14.78% upside potential, with the average price target set at $52.38.
- BHP's GF Value suggests a 15.38% increase over the current stock price.
BHP Group Ltd (BHP) has received the green light from New South Wales to prolong operations at its Mount Arthur coal mine through June 2030. This strategic extension will enable BHP to extract an additional 13-15 million metric tons of coal, reinforcing its position in the global market. Looking ahead, BHP plans to partner with ACCIONA EnergÃa to evaluate the potential of transforming the site into a hydro energy storage facility after the mine's closure, reflecting the company's commitment to sustainable energy solutions.
Wall Street Analysts Forecast
Current analysis from four respected analysts presents a promising outlook for BHP Group Ltd (BHP, Financial), with an average one-year price target of $52.38. This target encompasses a high estimate of $58.00 and a low estimate of $49.00, collectively suggesting a potential upside of 14.78% from the current stock price of $45.63. Investors can explore more detailed estimate data by visiting the BHP Group Ltd (BHP) Forecast page.
The consensus recommendation from six brokerage firms rates BHP as an "Outperform," with an average brokerage recommendation of 2.0 on a scale from 1 to 5, where 1 indicates a Strong Buy and 5 indicates a Sell. This suggests that analysts have positive expectations for BHP's performance in the near term.
According to GuruFocus estimates, BHP Group Ltd (BHP, Financial) has an estimated GF Value of $52.65 in one year. This indicates a potential upside of 15.38% from the current market price of $45.63. The GF Value serves as GuruFocus' fair value estimate, calculated by considering historical trading multiples, past business growth, and future performance forecasts. For more comprehensive data, investors are encouraged to visit the BHP Group Ltd (BHP) Summary page.
