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BHP Group Ltd ( (AU:BHP) ) has provided an announcement.
BHP reported strong operational performance for the nine months to 31 March 2026, delivering record output at its Escondida copper mine and Western Australia Iron Ore business, and now expects full-year Group copper production to come in at the upper half of guidance. While ore complexity at Spence has forced a cut to its output forecast, cost guidance was improved at Escondida, Samarco is tracking to the top of its range, and the company continues to manage inflationary pressure in energy and consumables through low-cost operations and centralised procurement.
The miner advanced its copper growth pipeline by filing a permit for a major new concentrator at Escondida and clearing a key land exchange hurdle at the Resolution Copper joint venture in the U.S., paving the way for further drilling and early underground development. BHP also executed a US$4.3 billion silver streaming deal and completed divestments of non-core Carajás assets and prior coal mines, while announcing that long-time executive Brandon Craig will succeed Mike Henry as CEO from 1 July 2026, inheriting a robust balance sheet and a substantial portfolio of copper and potash growth options.
The most recent analyst rating on (AU:BHP) stock is a Hold with a A$52.00 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 Ltd is a global diversified resources company focused on mining and producing commodities including copper, iron ore, steelmaking coal and energy coal. The group operates large-scale, low-cost assets in Australia and the Americas, with a growing emphasis on long-life copper and potash projects that position it to benefit from energy transition and industrial demand trends.
Average Trading Volume: 10,979,346
Technical Sentiment Signal: Buy
Current Market Cap: A$285.1B
Learn more about BHP stock on TipRanks’ Stock Analysis page.