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Current Price: $36.39 52w High/Low: $33.73 - 54.55 Market Cap: 108.8B Price/Earnings: 12.4 Dividend Yield: 10.92% Volume/Average: 11.2M - 8.3M Macquarie Group Ltd currently rates the BHP share price as a buy with a price target of $56. The prices of BHP’s other commodities are one of the reasons that the broker likes BHP. Some of the ASX share’s other resources includes coal, oil, copper and nickel. The broker thinks that BHP shares are valued at 8x FY22’s estimated earnings with a potential grossed-up dividend yield of 14%. BHP also points to potash as a commodity that could help profit in the future with its long life Jansen asset that should see reliable and growing demand, as well as strong earnings before interest, tax, depreciation and amortisation (EBITDA) margins. |
