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BHP First-Half Profit Swells on Surging Iron Ore Prices

BHP First-Half Profit Swells on Surging Iron Ore Prices Bloomberg 2/15/2021 James Thornhill (Bloomberg) BHP Group, the world’s top miner, reported a 16% rise in its first-half profit as record production from its iron ore operations in Western Australia helped it cash in on sharp price gains.Underlying profit was $6 billion in the six months to Dec. 31, the Melbourne-based company said Tuesday in a statement, up from $5.2 billion in the prior corresponding period. That compares with a median estimate of $6.4 billion (7 analysts).The company will pay a record interim dividend of $1.01, up from $0.65 last year. © Bloomberg Iron ore futures rose 70% over 2020

The BHP share price is fluctuating! Is this FTSE 100 mining stock worth buying?

The BHP share price is fluctuating! Is this FTSE 100 mining stock worth buying? More on: 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%.

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