BHP: Decent Quarterly Results Tied To Copper, But Demand May Disappoint (Downgrade)
Source: SeekingAlpha
2026-02-20 18:16:25 ET
Investment thesis.
BHP Group Limited ( BHP ) reported its fiscal year 2026 Q2 results , and by most metrics, we saw continued improvement. However, with a significant share price gain of over 40% in the past year, much of the improvement we saw is now arguably baked into its share price and valuation. This is especially the case, given that there are signs that copper demand, which has been a key driver in BHP's financial results, may see some short-term weakness going forward....
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BHP: Decent Quarterly Results Tied To Copper, But Demand May Disappoint (Downgrade)
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