Latest news with #BHPGroupLtd
Hamilton Spectator
5 days ago
- Business
- Hamilton Spectator
BHP says costs at Jansen potash project up, first production pushed back to mid-2027
SASKATOON - BHP Group Ltd. says the cost of the first phase of its Jansen potash project in Saskatchewan is going to be more expensive than earlier expectations. The miner now estimates the project cost will be in a range of US$7 billion to US$7.4 billion, up from an earlier estimate of US$5.7 billion. The company is also pushing back its estimate for first production from the mine to mid-2027 from earlier expectations for the end of 2026. BHP blamed the increased costs on inflationary pressures, design development and scope changes and lower-than-expected productivity. It estimates the first phase of the Jansen project is 68 per cent complete. The company also says given the potential for additional potash supply coming to market in the medium term, it's considering delaying first production from Jansen's second phase by two years to its 2031 financial year. This report by The Canadian Press was first published July 18, 2025.
Toronto Star
5 days ago
- Business
- Toronto Star
BHP says costs at Jansen potash project up, first production pushed back to mid-2027
SASKATOON - BHP Group Ltd. says the cost of the first phase of its Jansen potash project in Saskatchewan is going to be more expensive than earlier expectations. The miner now estimates the project cost will be in a range of US$7 billion to US$7.4 billion, up from an earlier estimate of US$5.7 billion.
Winnipeg Free Press
5 days ago
- Business
- Winnipeg Free Press
BHP says costs at Jansen potash project up, first production pushed back to mid-2027
SASKATOON – BHP Group Ltd. says the cost of the first phase of its Jansen potash project in Saskatchewan is going to be more expensive than earlier expectations. The miner now estimates the project cost will be in a range of US$7 billion to US$7.4 billion, up from an earlier estimate of US$5.7 billion. The company is also pushing back its estimate for first production from the mine to mid-2027 from earlier expectations for the end of 2026. BHP blamed the increased costs on inflationary pressures, design development and scope changes and lower-than-expected productivity. It estimates the first phase of the Jansen project is 68 per cent complete. Monday Mornings The latest local business news and a lookahead to the coming week. The company also says given the potential for additional potash supply coming to market in the medium term, it's considering delaying first production from Jansen's second phase by two years to its 2031 financial year. This report by The Canadian Press was first published July 18, 2025.
Business Insider
12-07-2025
- Business
- Business Insider
Analysts Offer Insights on Materials Companies: B2Gold (BTG) and BHP Group Ltd (OtherBHPLF)
Analysts have been eager to weigh in on the Materials sector with new ratings on B2Gold (BTG – Research Report) and BHP Group Ltd (BHPLF – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. B2Gold (BTG) In a report issued on July 7, Lawson Winder from Bank of America Securities maintained a Sell rating on B2Gold, with a price target of $3.40. The company's shares closed last Friday at $3.49, close to its 52-week high of $3.50. According to Winder is a 5-star analyst with an average return of 10.9% and a 57.4% success rate. Winder covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Pan American Silver, and Freeport-McMoRan. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for B2Gold with a $4.93 average price target. BHP Group Ltd (BHPLF) Goldman Sachs analyst Paul Young maintained a Buy rating on BHP Group Ltd on July 7 and set a price target of A$47.30. The company's shares closed last Friday at $25.86. According to Young is a 4-star analyst with an average return of 7.2% and a 56.6% success rate. Young covers the Basic Materials sector, focusing on stocks such as Sandfire Resources Limited, Fortescue Metals Group Ltd, and Mineral Resources Limited. BHP Group Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $27.83, which is a 7.6% upside from current levels. In a report issued on June 22, Citi also maintained a Buy rating on the stock with a A$43.00 price target.
Business Insider
10-07-2025
- Business
- Business Insider
BHP Group Ltd (BHPLF) Receives a Buy from Macquarie
In a report released today, Robert Stein from Macquarie maintained a Buy rating on BHP Group Ltd, with a price target of A$40.00. The company's shares closed yesterday at $23.10. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Stein is an analyst with an average return of -0.3% and a 50.00% success rate. Stein covers the Basic Materials sector, focusing on stocks such as Champion Iron, Mineral Resources Limited, and BHP Group Ltd. In addition to Macquarie, BHP Group Ltd also received a Buy from J.P. Morgan's Lyndon Fagan in a report issued on July 2. However, on July 8, UBS maintained a Hold rating on BHP Group Ltd (Other OTC: BHPLF). The company has a one-year high of $32.00 and a one-year low of $19.04. Currently, BHP Group Ltd has an average volume of 400.6K. Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BHPLF in relation to earlier this year.
