BofA upgrades BHP stock to Buy at AUD 68.00

Published on 10/05/2026 at 10:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal year 2026 revenue rose 15.00 percent to USD 58.80 billion. BHP stock costs EUR 76.25 on October 5, 2026 versus EUR 76.25, 0.00 percent.

BHP, US0886061086, Illustration mit AI erstellt.

BHP Group stock (ISIN US0886061086) was at EUR 76.25 at Lang & Schwarz on October 5, 2026 at 10:39 a.m. CEST, unchanged from the EUR 76.25 prior close. According to Markets Insider on October 1, 2026, BofA analyst Jason Fairclough upgraded BHP from Neutral to Buy and raised the target from AUD 65.00 to AUD 68.00.

BofA shifts toward copper

The upgrade was tied to BofA's positive view on copper and its assessment that BHP has upside to consensus production estimates. The analyst also cited a planned visit to Olympic Dam as a factor that could increase conviction in the company's Phase 1 results, according to Markets Insider.

The target revision comes after a strong fiscal year 2026. Discovery Alert reported that revenue increased 15.00 percent to USD 58.80 billion for the year ended June 30, 2026, while underlying attributable profit rose 30.00 percent to USD 13.20 billion and underlying EBITDA increased 27.00 percent to USD 32.90 billion.

Copper changes the earnings mix

The more important change is inside the total. Copper segment underlying EBITDA climbed 48.00 percent to USD 18.20 billion in fiscal year 2026, making copper BHP's largest earnings contributor for the first time, according to Discovery Alert. That mix gives the company greater exposure to copper prices and production execution, rather than leaving iron ore as the dominant earnings reference.

BHP's official calendar places the next operational review on October 20, 2026, covering the quarter ended September 30, 2026, according to BHP. That report will give investors the next quantified update on production and operating conditions after the fiscal year result.

BHP stock stays below its annual high

The US-listed ADR had a market capitalization of USD 218.6 billion and a 52-week range of USD 52.18 to USD 98.71 as of October 2, 2026. Its euro quote on October 5, 2026 was unchanged against the prior Lang & Schwarz close, leaving the analyst upgrade as the clearest current change in the investment narrative.

BHP stock was at EUR 76.25 at Lang & Schwarz on October 5, 2026 at 10:39 a.m. CEST, with a 0.00 percent change versus the prior close of EUR 76.25 on October 2, 2026. The further course of trading is shown by the continuously updated real-time quote of BHP stock.