BHP Group Limited (NYSE: BHP), a multinational resources company, is a leading player in the global mining industry. With a diverse portfolio spanning minerals, oil, and gas, BHP has established a strong presence across various markets.
Key Takeaways:
- BHP Group Limited (NYSE: BHP) is a leading multinational resources company with a diverse portfolio.
- We analyze and forecast BHP’s stock price from 2024 to 2050, considering market dynamics and financial performance.
- Our projections are based on thorough research and analysis, providing valuable insights for investors.
- We present a detailed table with low, average, and high price forecasts for each year.
- The stock price is expected to reach $1,700 by 2050, with a strong compound annual growth rate (CAGR).
Overview of BHP Group Limited
BHP Group Limited, formerly known as BHP Billiton, is a multinational mining and metals corporation headquartered in Melbourne, Australia. Established in 1885 as the Broken Hill Proprietary Company, the organization initially focused on mining and smelting copper and other metals in Silverton, New South Wales.
In 2001, BHP merged with Anglo-Dutch Billiton plc, forming a dual-listed company with separate listings on the Australian and London stock exchanges. This merger enabled the company to leverage financial exchange rates from both markets. In 2015, some BHP Billiton assets were demerged and rebranded as South32, while the remaining assets were rebranded as BHP. In 2018, BHP Billiton Limited and BHP Billiton plc were renamed BHP Group Limited and BHP Group plc, respectively.
BHP Group Limited Company Profile
| Country | Australia |
| Ticker Symbol | BHP |
| Exchange | NYSE |
| Founded | 1851 |
| IPO Date | 1987 |
| Industry | Other Industrial Metals & Mining |
| Sector | Materials |
| Employees | 42,319 |
| CEO | Mike P. Henry |
| Market Cap (Jun 3, 2024) | $150.40 billion |
| Website | bhp |
BHP Group Limited (BHP) Balance Sheet Analysis
BHP Group Limited (NYSE: BHP) displayed a robust balance sheet as of June 30, 2023. Total assets stood at $101.3 billion, while total liabilities were $52.8 billion. The company maintained a strong equity position with $48.5 billion in total equity and a tangible book value of $41.4 billion.
Total debt increased to $22.3 billion, but the company had a relatively low net debt of $1.6 billion. Working capital was $4.3 billion, and invested capital amounted to $57.1 billion.
The number of shares issued remained stable at around 5.1 billion. BHP had $3.0 billion in capital lease obligations and $41.4 billion in net tangible assets.
Overall, BHP Group Limited demonstrated financial strength with substantial assets, a solid equity base, and manageable debt levels as of June 30, 2023.
Balance Sheet Data Source: finance.yahoo
BHP Group Limited Stock Price History
BHP Group Limited (NYSE: BHP) had its IPO in the year 1987. BHP Group (BHP) has undergone 8 stock splits, with the most recent occurring on June 2nd, 2022, and the earliest dating back to April 19th, 1984. One original BHP share held before the 1984 split would now be equivalent to 4.5003154824 shares due to the cumulative effect of these splits over the years, including 1984, 1985, 1986, 1987 (twice), 1996, 2001, and 2022. The stock split history reflects various split ratios and highlights the company’s growth and value appreciation throughout its journey.1
As of June 4, 2024, BHP’s stock price stands at $58.07.
BHP Stock Price Forecast 2024
For the remaining months of 2024, we anticipate a steady growth trajectory for BHP’s stock price. The company’s diverse portfolio and strong financial performance are expected to drive investor interest, supported by favorable market conditions. Our forecast for 2024 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $42.00 | $59.50 | $63.00 |
BHP Stock Price Forecast 2025
In 2025, we project a 6.5% year-over-year growth in BHP’s stock price. The company’s strategic acquisitions and focus on operational efficiency are likely to yield positive results, leading to increased profitability. Additionally, the continued demand for commodities in emerging markets is expected to contribute to BHP’s growth. Our forecast for 2025 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $63.00 | $67.00 | $71.00 |
BHP Stock Price Forecast 2026
In 2026, we anticipate a 7.2% year-over-year growth in BHP’s stock price. The company’s commitment to sustainability and adoption of innovative technologies are expected to drive operational efficiencies and cost savings, positively impacting profitability. Additionally, the continued growth in demand for minerals and energy resources is likely to fuel BHP’s expansion. Our forecast for 2026 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $68.00 | $72.00 | $76.00 |
BHP Stock Price Forecast 2027
For 2027, we project an 8.1% year-over-year growth in BHP’s stock price. The company’s strategic focus on diversification and expansion into new markets is expected to contribute to its overall growth. Additionally, the continued global economic recovery and increased infrastructure spending are likely to drive demand for BHP’s products. Our forecast for 2027 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $74.00 | $78.00 | $82.00 |
BHP Stock Price Forecast 2028
In 2028, we anticipate a 9.3% year-over-year growth in BHP’s stock price. The company’s commitment to innovation and technological advancements is expected to drive operational efficiency and cost savings, positively impacting profitability. Additionally, the continued global economic growth and increasing demand for commodities are likely to fuel BHP’s expansion. Our forecast for 2028 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $81.00 | $85.00 | $89.00 |
BHP Stock Price Forecast 2029
For 2029, we project a 10.2% year-over-year growth in BHP’s stock price. The company’s strategic focus on sustainable practices and environmental stewardship is expected to contribute to its overall growth and appeal to socially conscious investors. Additionally, the continued global economic expansion and increasing infrastructure spending are likely to drive demand for BHP’s products. Our forecast for 2029 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $89.00 | $94.00 | $99.00 |
BHP Stock Price Forecast 2030
In 2030, we anticipate an 11.5% year-over-year growth in BHP’s stock price. The company’s strategic acquisitions and focus on expanding its portfolio are expected to yield positive results, leading to increased profitability. Additionally, the continued demand for commodities in emerging markets and the transition towards sustainable energy sources are likely to contribute to BHP’s growth. Our forecast for 2030 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $99.00 | $105.00 | $111.00 |
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BHP Stock Price Forecast 2031
For 2031, we project a 12.8% year-over-year growth in BHP’s stock price. The company’s commitment to innovation and adoption of cutting-edge technologies are expected to drive operational efficiencies and cost savings, positively impacting profitability. Additionally, the continued global economic growth and increasing demand for minerals and energy resources are likely to fuel BHP’s expansion. Our forecast for 2031 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $112.00 | $118.00 | $124.00 |
BHP Stock Price Forecast 2032
In 2032, we anticipate a 14.1% year-over-year growth in BHP’s stock price. The company’s strategic focus on diversification and expansion into new markets is expected to contribute to its overall growth. Additionally, the continued global economic recovery and increased infrastructure spending are likely to drive demand for BHP’s products. Our forecast for 2032 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $127.00 | $135.00 | $143.00 |
BHP Stock Price Forecast 2033
For 2033, we project a 15.4% year-over-year growth in BHP’s stock price. The company’s commitment to sustainability and adoption of innovative technologies are expected to drive operational efficiencies and cost savings, positively impacting profitability. Additionally, the continued growth in demand for minerals and energy resources is likely to fuel BHP’s expansion. Our forecast for 2033 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $145.00 | $156.00 | $167.00 |
BHP Stock Price Forecast 2034
In 2034, we anticipate a 16.7% year-over-year growth in BHP’s stock price. The company’s strategic acquisitions and focus on expanding its portfolio are expected to yield positive results, leading to increased profitability. Additionally, the continued demand for commodities in emerging markets and the transition towards sustainable energy sources are likely to contribute to BHP’s growth. Our forecast for 2034 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $167.00 | $182.00 | $197.00 |
BHP Stock Price Forecast 2035
For 2035, we project an 18% year-over-year growth in BHP’s stock price. The company’s strategic focus on sustainable practices and environmental stewardship is expected to contribute to its overall growth and appeal to socially conscious investors. Additionally, the continued global economic expansion and increasing infrastructure spending are likely to drive demand for BHP’s products. Our forecast for 2035 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $197.00 | $215.00 | $233.00 |
BHP Stock Price Forecast 2036
In 2036, we anticipate a 19.3% year-over-year growth in BHP’s stock price. The company’s commitment to innovation and adoption of cutting-edge technologies are expected to drive operational efficiencies and cost savings, positively impacting profitability. Additionally, the continued global economic growth and increasing demand for minerals and energy resources are likely to fuel BHP’s expansion. Our forecast for 2036 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $235.00 | $257.00 | $279.00 |
BHP Stock Price Forecast 2037
For 2037, we project a 20.6% year-over-year growth in BHP’s stock price. The company’s strategic focus on diversification and expansion into new markets is expected to contribute to its overall growth. Additionally, the continued global economic recovery and increased infrastructure spending are likely to drive demand for BHP’s products. Our forecast for 2037 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $283.00 | $310.00 | $337.00 |
BHP Stock Price Forecast 2038
In 2038, we anticipate a 21.9% year-over-year growth in BHP’s stock price. The company’s commitment to sustainability and adoption of innovative technologies are expected to drive operational efficiencies and cost savings, positively impacting profitability. Additionally, the continued growth in demand for minerals and energy resources is likely to fuel BHP’s expansion. Our forecast for 2038 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $343.00 | $378.00 | $413.00 |
BHP Stock Price Forecast 2039
For 2039, we project a 23.2% year-over-year growth in BHP’s stock price. The company’s strategic acquisitions and focus on expanding its portfolio are expected to yield positive results, leading to increased profitability. Additionally, the continued demand for commodities in emerging markets and the transition towards sustainable energy sources are likely to contribute to BHP’s growth. Our forecast for 2039 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $418.00 | $466.00 | $514.00 |
BHP Stock Price Forecast 2040
In 2040, we anticipate a 24.5% year-over-year growth in BHP’s stock price. The company’s strategic focus on sustainable practices and environmental stewardship is expected to contribute to its overall growth and appeal to socially conscious investors. Additionally, the continued global economic expansion and increasing infrastructure spending are likely to drive demand for BHP’s products. Our forecast for 2040 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $520.00 | $580.00 | $640.00 |
BHP Stock Price Forecast 2050
Looking ahead to 2050, we project a significant 29.3% year-over-year growth in BHP’s stock price, reaching our target price of $1,700. This projection is based on the company’s commitment to innovation, sustainability, and strategic expansion into high-growth markets. Additionally, the continued global economic growth, increasing demand for commodities, and the transition towards sustainable energy sources are expected to drive BHP’s growth. Our forecast for 2050 is as follows:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $1,500.00 | $1,700.00 | $1,900.00 |
Conclusion
Our comprehensive analysis of BHP Group Limited’s (NYSE: BHP) stock price forecast for the years 2024 to 2050 paints a promising picture for investors. The company’s strategic focus on diversification, innovation, sustainability, and operational efficiency is expected to propel its growth trajectory. With a projected stock price of $1,700 by 2050, BHP presents a compelling investment opportunity for those seeking exposure to the global resources industry.
FAQs
1. What is the future of BHP share price?
Based on our comprehensive analysis and forecasts, the future of BHP Group Limited’s (NYSE: BHP) share price looks promising. We project a steady and significant growth trajectory for BHP’s stock price over the next several decades. By 2050, our forecast indicates that BHP’s stock price could reach $1,700, reflecting an impressive compound annual growth rate (CAGR) of approximately 12.5% from 2024 to 2050.
2. What is the BHP share prediction for 2030?
According to our projections, BHP’s share price is expected to experience substantial growth by 2030. Our forecast for 2030 is:
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $99.00 | $105.00 | $111.00 |
This represents an 11.5% year-over-year growth compared to 2029, driven by the company’s strategic acquisitions, portfolio expansion, and the continued demand for commodities in emerging markets, as well as the transition towards sustainable energy sources.
3. What is the BHP 10-year outlook?
Over the next 10 years, from 2024 to 2033, our projections suggest a robust and consistent growth trajectory for BHP’s share price. By 2033, we forecast that BHP’s stock price could reach a low of $145.00, an average of $156.00, and a high of $167.00, representing a 15.4% year-over-year growth compared to 2032.
4. Is BHP a buy, hold, or sell?
Based on our comprehensive analysis and optimistic forecasts, BHP Group Limited (NYSE: BHP) can be considered a “buy” for investors seeking exposure to the global resources industry. The company’s diverse portfolio, strategic initiatives, and commitment to innovation, sustainability, and operational efficiency position it for substantial growth in the coming years.
5. Who are the major competitors of BHP?
BHP Group Limited operates in the highly competitive global resources industry and faces competition from various major players. Some of BHP’s major competitors include:
- Rio Tinto Group
- Vale S.A.
- Glencore plc
- Anglo American plc
- Freeport-McMoRan Inc.
- Newmont Corporation
- Barrick Gold Corporation
- Chevron Corporation
- ExxonMobil Corporation
- Royal Dutch Shell plc
These companies are also multinational corporations with extensive operations in mining, minerals, oil, and gas exploration and production. They compete with BHP in various markets and segments, vying for market share, resources, and strategic acquisitions.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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