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Up 59% in a year, should you still buy BHP shares today?

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Buy, hold, and sell ratings written on signs on a wooden pole.

BHP Group Ltd (ASX: BHP) shares are charging higher today.

Shares in the S&P/ASX 200 Index (ASX: XJO) mining giant closed on Thursday trading for $51.23. In morning trade on Tuesday, shares are changing hands for $52.92 apiece, up 3.3%.

That sees the share price up an impressive 53.1% over the past 12 months. And that’s not including the $1.958 in fully-franked dividends BHP paid out over the full year. If we add those back in, then the accumulated value of BHP shares has surged 58.8% since 7 April 2025.

Atop its own operational successes, the miner has enjoyed a resilient iron ore price. The industrial metal is trading at around US$107 per tonne today, up from US$99 per tonne a year ago.

Then there’s copper. At US$12,360 per tonne, the copper price is up 42% since this time last year.

Which brings us back to our headline question…

Are BHP shares still a good buy now?

For a deeper dive into this million-dollar question, we defer to three investing experts who ran their slide rules over the mining giant late last week (courtesy of The Bull).

“The commodities bull market has only just started, in my view,” said Fairmont Equities’ Michael Gable.

“As a global mining giant, BHP generally appeals to investors looking to increase exposure in the resources sector,” he added.

And Gable noted that BHP shares remain down 12% since closing at $59.25 on 2 March.

Summing up his hold recommendation on the ASX 200 mining stock he said:

BHP’s share price has retreated to a major support level since the start of the war in Iran. I’m confident the stock should bounce from these levels. BHP’s diversification makes it a safer bet for investors to ride the commodities bull market.

Morgans Financial’s Mitch Belichovski also has a current hold recommendation on BHP shares.

“BHP is a diversified mining company producing iron ore, copper, nickel, metallurgical coal and potash,” he said.

Belichovski added:

First half revenue in fiscal year 2026 grew 11% on the prior corresponding period and profit after tax was up 28%. The fully franked interim dividend of US73 cents a share was up 46% and ahead of consensus.

BHP’s fundamentals position it to play a recovery in China’s subdued growth. Capital expenditure cycles and copper growth provide a compelling reason to retain BHP as a core position in portfolios.

And another hold…

Also issuing a hold recommendation on BHP shares this week is Investor Pulse’s Mark Elzayed.

“The company remains a global resources powerhouse, increasingly focused on future-facing commodities, such as copper and potash,” he said. “The first half result in fiscal year 2026 highlights a robust performance across its portfolio.”

Elzayed sounded particularly bullish on BHP’s increasing copper production. He noted:

Iron ore continues to deliver strong cash flow, but copper has become the standout performer, contributing about 51% of total earnings. Copper production guidance has been upgraded to between 1.9 million tonnes and 2 million tonnes following record output at its Escondida operation and various South Australian assets.

Elzayed concluded:

Valuation metrics indicate that BHP was recently trading in line with historical enterprise value-to-earnings multiples, reflecting solid fundamentals and current commodity price expectations.

The post Up 59% in a year, should you still buy BHP shares today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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 recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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