On the pricey side

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On the pricey side

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Published Date: 2019-05-17 | Source: INCE|Community | Author: Mark Ingham

On the pricey side

Did you know that iron ore makes up 40% of BHP profits? Which is why higher iron ore prices this year could have a dramatic impact, boosting earnings by 40% relative to more sustainable iron ore prices.

This means that BHP is looking expensive at the current share price on more modest iron ore price assumptions but less so than if spot prices prevailed for a full year. 

Whilst Ingham Analytics has a positive view on the fundamentals of the company, it cautions that the elevated share price may not last and explains why.

Ingham Analytics recommends in this short Trader Research Report what action day traders should take. This is a must read, click here now to read more.

Ingham Analytics delivers institutional quality research to shareholders who need to know more.



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