A few things to watch for investors in Australia’s largest miner…
The post Own BHP (ASX:BHP) shares? Here’s what to look for during reporting season appeared first on The Motley Fool Australia. –
It’s August and that means the ASX reporting season is upon us. If you own BHP Group Ltd (ASX: BHP) shares, here are a few things to watch out for in the month ahead.
What to watch in August if you own BHP shares
BHP is scheduled to release its full-year results on 17 August 2021. As an investor, a company’s own annual report and management commentary are among the best sources of information you can get all year. However, there are other things investors can be watching in the coming weeks.
For one thing, commodity prices could be worth keeping an eye on. BHP generates significant earnings from petroleum, which means any changes in crude oil prices can move BHP shares. Given BHP’s main earnings activities in mining, iron ore prices and activity among major importers like China are also worth watching.
For what it’s worth, shares in the mining and energy giant are up 24.7% in 2021 and trading just shy of an all-time high. That means there could be plenty of investors eyeing off further gains in August if results are strong.
Digesting industry commentary and FY2022 outlooks is also important. Fellow iron ore giant Fortescue Metals Group Limited (ASX: FMG) is set to report its full-year results on 30 August, but it could provide further context to BHP’s results on 17 August.
Rio Tinto Limited (ASX: RIO) reported its half-year results on 28 July, punctuated by a monster $3.76 per share dividend – up 143% on the first half of 2020. Investors in BHP shares will be hoping there is more of the same to come when BHP announces its results in a couple of weeks.
Given the strong performance of BHP shares in 2021 and the current iron ore boom, there is plenty to watch in August. The company’s full-year results and those of its rivals represent a great starting point for any keen-eyed investor.
Should you invest $1,000 in BHP right now?
Before you consider BHP, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and BHP wasn’t one of them.
The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of May 24th 2021
The BHP (ASX:BHP) share price is up 21% in the last 6 months. Is now a good time to buy shares in this ASX 200 giant?
2 outstanding ASX 200 blue chip shares named as buys for August
Motley Fool contributor Ken Hall has no position in any of the stocks mentioned.The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.