Is the BHP share price a buy? Here’s my view
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The BHP Group Ltd (ASX: BHP) share price has declined by close to 20% in 2024 to date. After such a large drop, it’s well worth asking whether the mining giant is good value to buy today.
As the chart above shows, BHP’s current valuation is fairly low compared to the last five years.
However, a lower share price doesn’t necessarily mean the business is better value if the earnings outlook has worsened.
Firstly, let’s consider the most recent development out of China, a key global buyer of commodities, particularly iron ore.
China commits to more stimulus
As covered by various news organisations, including Trading Economics, China recently held its annual economic planning conference led by President Xi…
