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BHP Group (BHP) recent performance

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Question asked 20/09/2025

BHP Group (BHP) recent performance

Hi Team, My question is in relation to the recent performance of BHP and why it seems to be lagging a stronger iron ore and copper price. Despite it going ex div, I'm wondering if there might be any further reasons for its recent underperformance when China and resources in general seem to be having their moment in the sun.

Answer

Hi Alan,

BHP is down around 5% from its late August high taking into account its 60c fully franked dividend.

Over the same timeframe the ASX200 has pulled back ~3%.
Similarly, over the same period LME Copper has advanced +0.4% and iron ore +2.8%.

A touch of underperformance is evident. Looking beneath the surface of the ASX200 this month, BHP has lagged RIO and Sandfire, albeit only marginally so far. As you say the China story remains strong and we’re still targeting at least a test of $45.

We remain long and bullish, liking BHP back around the $40 area.

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BHP Group Ltd (BHP)

LAST UPDATED 19/09/2025 13:30

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