BHP Group is updated and rated Sell at $59 for the ADRs that trade on New York.
Due to a weak outlook and also due to its unpredictability and complexity we are rating this a Sell and this will be the last update for this company.
We have a capital gain of 31% since the original “speculative Buy” recommendation at $44.66 six years ago. But investors who held since then have received $14.00 in dividends and a value of $8.64 in the “spun-off” shares of Woodside Energy received including dividends on Woodside. That’s a total return of 82%. We are not following Woodside and would sell those shares as well.