BHP: Decent Quarterly Results Tied To Copper, But Demand May Disappoint (Downgrade)

Zoltan Ban8.51K FollowersFollow5ShareSavePlay(9min)CommentsSummaryBHP Group Limited delivered continued improvement in FY2026 Q2, driven by strong copper segment performance.With BHP shares up over 40% in the past year, much of the positive outlook appears priced in.I now rate BHP a Hold, seeking a 15% pullback before reinitiating a position for better upside. JHVEPhoto/iStock Editorial via Getty Images Investment thesis. BHP Group Limited (BHP) reported its fiscal year 2026 Q2 results, and by most metrics, we saw continued improvement. However, with a significant share price gain of over 40% in the past year, much ofThis article was written byZoltan Ban8.51K FollowersFollowMy name is Zoltan Ban, I have a BA in economics. I am a personal investor with two decades of active trading experience.Analyst’s Disclosure: I/we have a beneficial long position in the shares of VALE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.