BHP's Costs in BMA, Copper SA Units May Exceed FY Guidance in 1H, Bull Says -- Market Talk

Dow Jones01-21

0300 GMT - BHP's unit costs at its BMA coal and Copper South Australia operations are likely to be above FY25 guidance in 1H, Citi analyst Paul McTaggart reckons. In its 2Q production report, BHP reiterated FY25 cost guidance, although said expenses at Copper South Australia may be in the upper half of its forecast range following a power outage in 2Q. BHP estimates FY25 unit costs at BMA of US$112-124/metric ton, and at Copper South Australia between US$1.30-US$1.80/pound. Citi has a buy rating and A$46.00 target on BHP. The stock is up 0.5% at A$40.44. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

January 20, 2025 22:01 ET (03:01 GMT)

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Citi has a buy rating and A$46.00 target on BHP. The stock is up 0.5% at A$40.44. 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