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BHP Group: why we are doubling down on the mining sector this month


Armchair Trader pick: Tactical Trading

  • BHP Group (LSE:BHP)
  • Sector: Metals & Mining
  • Market cap: £122bn
  • Entry price: 2389
  • Target price: 2628
  • Stop loss: 10% (trailing)

BHP Group (LON:BHP) is an Anglo-Australian multinational mining, metals and petroleum company headquartered in Melbourne, Australia. Founded in 1885, BHP has grown to have more than 80,000 employees and contractors who operate in over 90 locations across the globe.

2021 was a mixed year for BHP Group PLC, the English-registered plc arm of BHP. The first half of the year saw choppy returns for the mining company before its share price fell by a staggering 15% in the month of September alone. Since mid-November, however, BHP Group shares have seen strong returns, climbing over 30% and continuing their rapid rise into 2022. We look at whether BHP stock can sustain its sharp growth, or if last year’s return inconsistencies will turn out to be a recurring theme.

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This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

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