BHP Billiton (BHP) PT Raised to $68 at Argus

RBC Capital Negative on BHP Billiton (BHP) Offer for Anglo American

May 22, 2024 11:47 AM EDT

RBC Capital analyst Kaan Peker reiterated a Sector Perform rating on BHP Billiton (NYSE: BHP).

The analyst comments "Our View: The £29.34/sh revised Final Ratio Offer for AAL has increased by ~US$6.8b (to US$49b) on the original offer using AAL/ BHP undisturbed price (US$3b on the second offer on 7 May). When accounting for Synergies and the... More

BHP-Anglo prospects flag more M&A ahead for miners

May 22, 2024 3:42 AM EDT

By Melanie Burton

PERTH (Reuters) - BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday.

The bid by the world's biggest listed miner for Anglo is expected to whet appetite for more deals in the sector whether it goes ahead or not, they said.

"There is clearly a preference for buying over building because costs have ramped up so much in the past few years," said Ben Cleary of... More

Shares in BHP touch three-month high as deadline for Anglo bid nears

May 21, 2024 6:21 AM EDT

Investing.com -- Shares in BHP Group (ASX: BHP) reached a three-month high in Australian trading on Tuesday as the deadline approached for the world's largest miner to sumbit a new formal bid for rival Anglo American (JO:AGLJ).

Analysts... More

BHP shares hit 3-month high as deadline for formal Anglo bid looms

May 21, 2024 2:39 AM EDT

By Melanie Burton and Lewis Jackson

PERTH (Reuters) -Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43 billion takeover proposal.

The world's largest listed miner's shares are benefiting from good news including fresh stimulus for China's property sector, copper prices reaching record highs and a growing view that BHP will not make another tilt at Anglo, according to Andy Forster, senior investment officer at Argo Investments, a BHP shareholder.

"We saw... More

Copper prices hit record high amid short squeeze, bets on tighter markets

May 20, 2024 5:20 AM EDT

Investing.com-- Copper prices surged to record highs in Asian trade on Monday, extending a recent rally as a short squeeze on the Comex exchange and extended bets on tighter markets this year sparked increased buying in the red metal. 

Three-month copper futures on the London Metal Exchange rose 0.8% to a record high of $10,848.50 a ton, while one-month copper futures jumped 0.9% to... More