The BHP share price is fluctuating! Is this FTSE 100 mining stock worth buying?
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FTSE 100 mining company
BHP Group(LSE:BHP) has had a better than expected year considering the pandemic forced some mines to close. Rising commodity prices have helped the iron ore and copper producer offset losses in oil and gas. This share price rise helped BHP achieve the rank of top FTSE 100 company by market capitalisation after reaching a valuation of £115bn. But is it among the best shares to buy now?
BHP share price fluctuations
From 2011 to 2016, the BHP share price declined. But from 2016 until today, it has rebounded nicely with a rise of 230%. However, it has fluctuated plenty during these five years. BHP’s price-to-earnings ratio is 17, earnings per share are £1.14, and its dividend yield is 4.7%.
BHP has warned it will write down the value of its Mt Arthur thermal coal mine in Australia by about $1.2 billion as it seeks to offload the tainted asset.The world’s biggest mining group said last
BHP reports strong operational performance ifamagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ifamagazine.com Daily Mail and Mail on Sunday newspapers.