BHP Group: Solid Execution, But Valuation Limits Upside
BHP hits FY26 guidance as net debt drops to ~$9bn; FY27 shows modest iron ore growth, lower copper, higher capex.
Quick take
Read original at Seeking Alpha BHP Group achieved its FY2026 production and cost guidance, with iron ore and copper output meeting expectations. Net debt decreased to $9 billion from $14.7 billion, supported by free cash flow and asset disposals. The company's valuation is considered high, leading to a Neutral rating despite a supportive commodity-price environment.
Summarised by netranta from Seeking Alpha. Open the original for the full story.
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