The Bhp share price is currently $36.60, down from yesterday’s close of $37.15. This decrease may be due to the release of the company’s half-year results, which showed a decline in profit and revenue.
The Bhp share price is down today after the release of the company’s half-year results. The mining giant reported a net profit of $5.6 billion, which was below expectations. Revenue for the period was $28.4 billion, also below forecasts.
The shares are currently trading at $33.74, down 3.5%.
Rio Tinto Share Price
Rio Tinto’s share price has been on a roller coaster ride over the past year. After hitting an all-time high in early 2011, the stock took a nosedive during the global economic crisis. It then staged a recovery in 2010, only to drop again in 2011.
As of mid-2012, Rio Tinto’s share price is hovering around $60 per share. There are a number of factors that have contributed to Rio Tinto’s volatile share price over the past few years. The first is the commodities supercycle, which saw prices for metals and minerals skyrocket between 2002 and 2011.
This led to huge profits for mining companies like Rio Tinto, which helped push their share prices to record highs. However, when the commodities bubble burst in 2011, Rio Tinto’s share price came crashing down along with it. The second factor impacting Rio Tinto’s share price is China’s ongoing economic slowdown.
China is one of the world’s biggest consumers of metals and minerals, and so any slowdown in its economy has a big impact on demand for these commodities. This was certainly the case in 2012, when China’s economy slowed down sharply and commodity prices tumbled as a result. Again, this had a big negative impact on Rio Tinto’s share price.
The third factor influencing Rio Tinto’s share price is Europe’s sovereign debt crisis. This has led to concerns about weakening demand from Europe, one of Rio Tinto’s biggest markets. While European economies have so far held up relatively well despite the crisis, there are fears that things could deteriorate further if Greece or another country defaults on its debt repayments.
This would obviously be bad news for Rio Tinto and could lead to further falls in itsshare price .
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Is Bhp a Good Stock to Buy?
BHP Billiton is a diversified resources company. It is involved in the exploration, development, production and marketing of oil, gas, coal, copper, iron ore, nickel and other metals and minerals. The company has operations in Australia, the Americas, Asia and Europe.
The company’s share price has been volatile in recent years. However, BHP Billiton remains a diversified resources powerhouse with good long-term prospects. The company is well-positioned to benefit from continued global economic growth and rising commodity prices over the longer term.
As such, BHP Billiton is a good stock to buy for investors with a long-term time horizon.
What is the Highest Bhp Share Price Ever?
The highest BHP share price on record occurred on February 20, 2008 when the stock reached $51.48 per share. This was during a time when commodity prices were soaring and demand for natural resources was high. However, since then, commodity prices have fallen sharply and BHP’s share price has followed suit.
As of October 2019, the stock is trading at around $33 per share, which is still well below its all-time high.
Is Bhp Stock Overvalued?
The simple answer is no, BHP stock is not overvalued. BHP Billiton Limited (ASX: BHP) is an Australian-based global mining, petroleum and diversified resources company with operations in more than 25 countries. The company is among the world’s largest producers of major commodities, including aluminum, coal, copper, iron ore, manganese, nickel, silver and uranium.
In May 2011 Standard & Poor’s upgraded BHP Billiton to BBB+ from BBB-, making it one of only four companies in Australia to hold a top investment grade rating from all three major international credit rating agencies. In early 2012 analysts were saying that the shares of BHP Billiton were undervalued by as much as 30%. Since then the shares have risen sharply and are now trading at around $45.
Given the strong fundamentals of the company and its position as a leading player in many key commodity markets, it seems that the current share price represents fair value for the company.
How Often Does Bhp Pay Dividends?
BHP pays dividends twice a year, in April and October.
Can we trust this stock market rally? Is BHP’s 11% dividend sustainable? How good was CSL’s report?
Conclusion
The Bhp share price is down today after the release of the company’s half-year results. The results were below expectations, with revenue falling short of forecasts and earnings per share coming in below consensus. The shares have been under pressure in recent months as investors have worried about the impact of the global trade war on the company’s business.
