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An announcement from BHP Group Ltd ( (AU:BHP) ) is now available.
The Federal Court of Australia has approved the settlement of the Australian Samarco shareholder class action involving BHP Group Limited. As part of the settlement, BHP has agreed to pay AU$110 million to the applicants, a sum that includes interest and costs, without admitting liability. The company anticipates recovering most of this amount from its insurers. This settlement marks a significant step in resolving legal issues related to the Samarco incident, potentially stabilizing BHP’s standing with its stakeholders and allowing it to focus on its core operations.
The most recent analyst rating on (AU:BHP) stock is a Hold with a A$23.00 price target. To see the full list of analyst forecasts on BHP Group Ltd stock, see the AU:BHP Stock Forecast page.
More about BHP Group Ltd
BHP Group Limited is a leading global resources company headquartered in Australia. It is primarily involved in the extraction and production of minerals, oil, and gas, serving a wide range of industries worldwide.
Average Trading Volume: 8,136,612
Technical Sentiment Signal: Buy
Current Market Cap: A$216.1B
See more data about BHP stock on TipRanks’ Stock Analysis page.