# BHP Group Limited (BHP)

> Source: Nexqual · https://nexqual.com/BHP · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, BHP Group Limited (BHP), nexqual.com/BHP" · informational, not investment advice.

**Price:** USD 77.58 (-4.01% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 80.82 · day 77.42–78.67 · 52w 52.18–98.71 · market cap $197B · NYQ

## Key facts
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $315K; 1 not under a Rule 10b5-1 plan ($315K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 3.25 on a 1–5 scale) (8 analysts), mean target USD 78.33 (range 62–96).
- Total return with dividends: 1Y +46.2% vs S&P 500 +14.9%; 5Y +103.1% vs S&P 500 +80.3%.
- Next earnings: 2026-08-17, EPS estimate USD —, revenue estimate $0K.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-21 | Stone Emma Kate | Group Financial Controller | 6,774 | $315K | 59% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 3.25 on a 1–5 scale), 8 analysts; mean target USD 78.33 (low 62, high 96).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +46.2% | +103.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +46.4% | +15.2% |
| Volatility (annualized) | 34.1% | 30.8% |
| Max drawdown | -19.8% (Mar 2026→Mar 2026) | -33.8% (Dec 2023→Mar 2025) |

## Peers (Other Industrial Metals & Mining)
RIO (Rio Tinto Plc) USD 84.14 -3.20% · VALE (VALE S.A.) USD 12.2 -3.94% · RML (RESOLUTION MINERALS LTD) USD 4.35 -3.97% · MP (MP Materials Corp.) USD 38.56 -2.38% · MTRN (Materion Corporation) USD 219.12 -12.43% · USAR (USA Rare Earth, Inc.) USD 9.63 -5.87%

## More
Full page: https://nexqual.com/BHP · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in BHP's own 20-F filed 2026-08-18 (https://www.sec.gov/Archives/edgar/data/811809/000119312526354647/bhp-20260630.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Wheaton Precious Metals International | "Net financing cash outflows of US$3.3 billion decreased by US$2.7 billion reflecting proceeds of US$4.3 billion from the Antamina silver streaming agreement with Wheaton Precious Metals International Ltd, partially offse…" |
| Partner | Siemens | "So far, we have signed a Global Framework Agreement with XCMG and Memorandums of Understanding (MoUs) with Siemens Mobility, BYD and CATL." |
| Partner | BYD | "So far, we have signed a Global Framework Agreement with XCMG and Memorandums of Understanding (MoUs) with Siemens Mobility, BYD and CATL." |
| Partner | CATL | "So far, we have signed a Global Framework Agreement with XCMG and Memorandums of Understanding (MoUs) with Siemens Mobility, BYD and CATL." |
| Competitor | Rio Tinto (RIO) | "Competitors include: Anglo American, Antofagasta, Codelco, Freeport, Glencore, Rio Tinto, Southern Copper, Teck." |

Other companies that name BHP in their own reports (relationship from BHP's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | GOLD FIELDS LTD (GFI) | 20-F 2026-03-30 | "reliance on gas-fired power supplied by BHP-Nickel West, which is not assured." |
| partner | Vale S.A. (VALE) | 20-F 2026-03-27 | "Samarco is a joint venture equally owned by us and BHP Billiton Brasil Ltda. (BHP Brasil)." |
| partner | Lifezone Metals Ltd (LZM) | 20-F 2026-03-19 | "As previously discussed, on July 18, 2025, Lifezone entered into a definitive agreement with BHP to acquire BHP's 17% equity interest in KNL." |
| customer | ArcelorMittal (AMSYF) | 20-F 2026-03-06 | "ArcelorMittal's principal coal suppliers include the BHP Billiton" |
| partner | Ivanhoe Electric Inc. (IE) | 10-K 2026-02-23 | "These include the BHP Alliance in Arizona, New Mexico, Utah, and Nevada (the "BHP Alliance"), the Bristol Project located in Nevada (the "Bristol Project"), and the Lomitas Negras, Globe-Miami and Per…" |
| partner | RIO TINTO PLC (RIO) | 20-F 2026-02-19 | "2025 in collaboration with BHP, working with haul truck manufacturer" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2027-06-30) | $4.69 | $4.98 | -5.7% | $57.98B | 3 |
| Next fiscal year (ends 2028-06-30) | $4.78 | $4.66 | +2.6% | $57.19B | 3 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 34.1% | ±7.7% |
| 2026-12-18 | 56 | 33.2% | ±10.5% |
| 2027-01-15 | 84 | 32.5% | ±12.5% |
| 2027-02-19 | 119 | 33.0% | ±14.9% |
| 2027-03-19 | 147 | 32.3% | ±16.7% |
| 2027-05-21 | 210 | 34.5% | ±20.6% |
| 2027-06-17 | 237 | 33.2% | ±21.0% |
| 2027-09-17 | 329 | 33.8% | ±25.5% |