BHP Group Shares See Strong Gains
BHP Group Ltd (ASX: BHP) shares have been performing well, with a notable increase in value. On Thursday, the shares closed at $51.23, and by Tuesday morning, they were trading at $52.92 each, representing a 3.3% rise. This marks a significant 53.1% increase over the past 12 months. When including the $1.958 in fully-franked dividends paid out during the year, the total accumulated value of BHP shares has surged by 58.8% since 7 April 2025.
Resilient Commodity Prices
The mining giant has benefited from strong commodity prices, particularly for iron ore and copper. Iron ore is currently trading at around US$107 per tonne, up from US$99 per tonne a year ago. Copper prices have also seen a substantial increase, rising 42% to US$12,360 per tonne compared to the same period last year.
Is BHP Still a Good Investment?
With such impressive performance, many investors are asking whether BHP shares are still a good buy. Three investment experts provided their insights on this matter.
Michael Gable – Fairmont Equities
Michael Gable from Fairmont Equities believes that the commodities bull market is just beginning. He noted that BHP’s diversification makes it a safer bet for investors looking to ride the commodities market. Despite a 12% drop since closing at $59.25 on 2 March, Gable remains confident that the stock will bounce back from its current support level.
Mitch Belichovski – Morgans Financial
Mitch Belichovski from Morgans Financial also recommends holding BHP shares. He highlighted the company’s strong financials, with first-half revenue in fiscal year 2026 growing by 11% and profit after tax increasing by 28%. The fully franked interim dividend of US73 cents per share was up 46%, exceeding expectations. Belichovski sees BHP as a solid core position for portfolios, given its potential to benefit from a recovery in China’s growth.
Mark Elzayed – Investor Pulse
Mark Elzayed from Investor Pulse also issued a hold recommendation on BHP shares. He emphasized BHP’s status as a global resources powerhouse, especially in future-facing commodities like copper and potash. Elzayed noted that copper has become a standout performer, contributing about 51% of total earnings. With upgraded production guidance to between 1.9 million tonnes and 2 million tonnes, he sees strong potential in BHP’s copper operations.
Valuation and Market Position
Elzayed concluded that BHP’s valuation metrics indicate it is trading in line with historical enterprise value-to-earnings multiples, reflecting solid fundamentals and current commodity price expectations.
Considerations Before Investing
While BHP has shown strong performance, potential investors should consider various factors before making a decision. One expert, Scott Phillips, recently highlighted five stocks that may be better buys than BHP. His recommendations, based on years of experience, have proven successful for many investors.
Additional Reading
For those interested in further analysis, there are several articles that explore BHP’s performance and other ASX stocks. These include discussions on why certain shares might be good buys in specific months, how to approach buying dips, and the performance of blue-chip shares in recent months.
Investors should always consider their own financial goals and risk tolerance when making investment decisions. It is advisable to seek professional financial advice before investing in any stock.
