Is now the time to buy-up BHP?

BHP’s share price is down over the past year. With strong production and a robust copper pipeline, is now the time to buy stock before it rises again?

BHP shares remain down almost 14 per cent over the past year, but according to investment analysis published by Rask, the company’s shares may be undervalued when compared to historical dividend yields.

With the current yield sitting below the long-term average, and production volumes on the rise, investors could be seeing value in the stock as a long-term income and growth play.

Beyond its dividends, BHP’s operational results provide additional grounds for optimism, as the company delivered record production levels for both copper and iron ore over the nine months to March 31.

BHP produced 1.5 million tonnes of copper, up 10 per cent year-on-year, boosted by a 20 per cent lift in output at the Escondida mine in Chile and strong contributions from Spence and Copper South Australia. It sold its copper at an average realised price of $US4.19 per pound, a 13 per cent increase on the prior period.

On the iron ore front, BHP mined 193 million tonnes over the same period, achieving record output from its Central Pilbara hub in Western Australia.

“BHP’s performance in FY25 to date demonstrates the resilience of our business, with our copper and iron ore operations achieving record nine-month production amid challenging operating and market conditions,” BHP chief executive officer Mike Henry said.

BHP is also expanding into future-facing sectors, as the company’s Jansen potash project in Canada is on track for first production in the 2026–27 financial year (FY27), offering further diversification and exposure to long-term agricultural demand.

Despite market volatility and a softening in some commodity prices, BHP’s scale, diversified portfolio, and operational performance continue to underpin its value.