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The latest update is out from BHP Group Ltd ( (AU:BHP) ).
BHP has raised the total investment estimate for Stage 1 of its Jansen potash project in Canada to US$8.4 billion and pushed the first production date back to mid-2027, citing additional construction hours and materials, prior inflationary and cost escalation pressures, design changes and lower productivity. Despite the higher capital outlay and an elongated 11–15 year payback period, Jansen Stage 1 is 75% complete and still expected to produce around 4.15 million tonnes of potash annually, with strong projected EBITDA margins of about 63–64% supported by its low-cost profile; BHP has introduced a response plan to improve productivity and execution, will apply these lessons to Jansen Stage 2, and continues to view the multi-phase Jansen complex—ultimately targeting 16–17 Mtpa—as a core pillar of its long-term growth and its ambition to become a leading player in the global potash industry.
The most recent analyst rating on (AU:BHP) stock is a Buy with a A$55.00 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 with major operations in metals, energy and bulk commodities. Through its growing potash business in Canada, BHP is positioning itself as a significant supplier to the global fertiliser market, targeting long-term demand driven by population growth, rising living standards and the need for more efficient agricultural production.
YTD Price Performance: 7.69%
Average Trading Volume: 7,752,510
Technical Sentiment Signal: Buy
Current Market Cap: A$248.8B
Learn more about BHP stock on TipRanks’ Stock Analysis page.