The S&P/ASX 200 Index (ASX: XJO) dumped most of Thursday’s gains today. The index closed 1.23% lower at 6,474.20 points.

That saw it posting a 1.53% week-on-week tumble and a 7.34% fall for the month of September.

Today’s suffering followed a rough session overseas. The S&P 500 Index (SP: .INX) fell 2.1% to a two year low on Thursday while the Dow Jones Industrial Average Index (DJX: .DJI) slipped 2% and the Nasdaq Composite Index (NASDAQ: .IXIC) dumped 2.8%.

It might come as no surprise, then, that the S&P/ASX 200 Information Technology Index (ASX: XIJ) led today’s downfall. The tech sector plunged 2.6% to its lowest point since July on Friday.

Meanwhile, the S&P/ASX 200 Financials Index (ASX: XFJ) dropped 2.3% ahead of an expected rate hike next week.

It wasn’t all bad news, however.

Both the S&P/ASX 200 Materials Index (ASX: XMJ) and the S&P/ASX 200 Energy Index (ASX: XEJ) closed in the green, gaining 0.7% and 0.1% respectively.

So, which ASX 200 share outperformed all others on Friday? Let’s take a look.

Top 10 ASX 200 shares countdown

The index’s top performing share on Friday was newcomer Capricorn Metals Ltd (ASX: CMM). The company was added to the ASX 200 earlier this month.

Its gains today came amid news Macquarie is expecting big things for its future. The broker has tipped the miner’s stock to lift to $3.30, slapping it with an outperform rating, as my Fool colleague James reports.

Today’s biggest gains were made by these shares:

ASX-listed company	Share price	Price change
Capricorn Metals Ltd (ASX: CMM)	$3.00	8.7%
Silver Lake Resources Limited (ASX: SLR)	$1.18	7.27%
Regis Resources Limited (ASX: RRL)	$1.56	6.85%
St Barbara Ltd (ASX: SBM)	$0.74	6.47%
Ramelius Resources Limited (ASX: RMS)	$0.715	5.15%
West African Resources Ltd (ASX: WAF)	$1.05	5%
Perseus Mining Limited (ASX: PRU)	$1.52	4.83%
Northern Star Resources Ltd (ASX: NST)	$7.83	4.54%
AGL Energy Limited (ASX: AGL)	$6.84	3.64%
Gold Road Resources Ltd (ASX: GOR)	$1.28	3.64%

Our top 10 ASX 200 shares countdown is a recurring end-of-day summary to let you know which companies were making big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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More reading

• Broker gives its verdict on the AGL share price post-coal exit plans
• In a sea of red, why are ASX 200 gold shares shining brightly on Friday?
• It’s not all bad news for ASX All Ords shares on Friday. Here are some big winners
• Brokers name 3 ASX shares to buy today
• Why AGL, Northern Star, Qualitas, and Rio Tinto shares are pushing higher today

Motley Fool contributor Brooke Cooper 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 Scott Phillips.

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The Novonix Ltd (ASX: NVX) share price struggled on Friday amid losses seen across the ASX technology sector. The company’s shares closed down 2.49% on Friday.

Shares of the battery metals and technology company ended the day at $1.76 each. Earlier today, they reached an intraday high of $1.79. and a low of $1.71.

Today’s price action means its shares hit a new 52-week low, surpassing the previous 52-week low of $1.77 it reached on Wednesday.

The S&P/ASX 200 All Technology Index (ASX: XTX) struggled today, too, ending with a 3.09% loss. It was also a tough day for the broader market, with the S&P/ASX 200 Index (ASX: XJO) closing 1.23% lower.

There was no news from the company today to make sense of the sell-off in its share price. However, some developments have occurred for the company in the recent past. Let’s cover the highlights.

What’s going on with Novonix?

Novonix has had some negative news coverage over the last 10 days, which may have contributed to its share price downfall.

The biggest news came on 20 September with Novonix’s auditor, PriceWaterhouseCoopers (PWC), noting a “material uncertainty” with the company existing as a going concern. as reported by my Fool colleague Zach.

Reasons stated for the uncertainty was the fact that Novonix posted a $71 million loss in its annual report for FY22, along with a $40 million cash outflow, Zach said.

More recently, Novonix could also be feeling the pinch of US jobless numbers coming in lower than expected on 29 September, leading to fears that the Fed will make further rate hikes to tame inflation.

Investors may surmise that the higher interest rates get, the higher the likelihood the Fed will botch the soft landing it has been planning, thus steering them away from riskier investments.

Novonix share price snapshot

Novonix’s share price is down 80% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down 13% over the same period.

The company’s market capitalisation is around $878.45 million.

The post Novonix share price dips lower amid interest rate hike fears appeared first on The Motley Fool Australia.

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More reading

• Novonix share price sinks to new 52-week low on Wednesday
• Novonix share price dives again, down 19% in two weeks
• Guess how many companies in the ASX 300 actually make no money
• Could this be a red flag or false alarm for Novonix shares?
• Novonix share price sinks 7% amid Wall Street walloping

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Hansen Technologies and Life360, Inc. 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 Scott Phillips.

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The Macquarie Group Ltd (ASX: MQG) share price is drifting lower in afternoon trade on Friday.

At the time of writing, shares in the investment bank are trading 4% lower at $153.25 apiece on no news. This marks a new 52-week low for the company, as seen in the chart below.

In broad sector moves, the S&P/ASX 200 Banks Index (ASX: XBK) is also trading 2% down on the day.

What’s up with the Macquarie share price?

ASX bank shares have copped a beating in the second half of 2022. Following a strong start to the year, the sector now trades at a low point.

Chief to the sharp downturn was the Reserve Bank of Australia’s (RBA) decision to lift policy interest rates in order to curb inflation.

Whilst ‘in theory’ the rise in rates is a net positive for the banking sector, the reality is that Australia’s lending market is tremendously concentrated, with razor thin net interest margins (NIMs) on offer.

In addition, Australia’s housing market has been on a near-vertical trajectory for years, meaning many borrowers may exceed their capacity with the rising rates.

And with inflation remaining stubbornly high, the path of interest rate hikes looks set for the time being.

Hence, company fundamentals are second-tier in the Macquarie investment debate at present, with the market sentiment dominating the numbers instead.

Brokers still rate it a buy too, with 9 out of 14 analysts recommending to buy Macquarie shares at these prices, unchanged from June, per Refinitiv Eikon data.

With the pullback to yearly lows, Macquarie now trades on a forward price-to-earnings (P/E) ratio of 15.9 times, above the GICS Industry median’s 14.5 times.

It also trades at a price-to-book ratio of 2.2 times and delivered a mammoth $12.30 in earnings per share (EPS) last year – well above the industry median’s 51 cents per share.

Despite these strengths, pressure continues to mount on the Macquarie share price, with today’s trading volume more than 130% of the 4-week average at more than 1.02 million shares.

As such the Macquarie share price is down almost 16% in the past 12 months, and down 25% this year to date.

The post Macquarie share price dives 4% to new 52-week low appeared first on The Motley Fool Australia.

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More reading

• ASX 200 dividend shares suffer September sell-off
• Macquarie vs NAB shares: Which bank is the better buy right now?
• Why did the Macquarie share price trail the other ASX 200 banks today?
• Brokers name 2 blue chip ASX 200 shares to buy now
• Down 14% in a month, what’s next for the BHP share price?

Motley Fool contributor Zach Bristow 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 Macquarie Group Limited. 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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The AGL Energy Limited (ASX: AGL) share price is defying the market weakness and pushing higher on Friday.

In afternoon trade, the energy company’s shares are up 3% to $6.80.

This compares favourably to the ASX 200 index, which is down 1.1% this afternoon.

Why is the AGL share price outperforming?

Investors have been buying AGL’s shares on Friday after a number of brokers responded positively to the company’s coal exit plans.

For example, according to a note out of Morgans, its analysts have upgraded the company’s shares to an outperform rating with an $8.20 price target.

Based on the current AGL share price, this implies potential upside of 20% for investors over the next 12 months.

Morgans is also expecting a 5% dividend yield in FY 2022, which brings the total potential return on offer to 25%.

What did the broker say about AGL’s coal exit?

The note reveals that Morgans is positive on the company’s coal exit and believes its target of 2035 is achievable. It commented:

We think the strategy in today’s announcement is sound. Bringing forward Loy Yang’s closure date is an acknowledgment that inflexible brown coal plants will struggle as more and more variable renewables enter the grid. AGL has set itself an achievable timeframe to make the transition and, in our view, correctly identified that storage and firming assets will be the key investments needed to retain some form of competitive edge as the grid decarbonises.

In addition, the broker notes that electricity futures prices are strong, which bodes well for its earnings in the coming years. Morgans explained:

We’ve lifted our forecast for EBITDA in FY24 onwards due to the continued strength of futures prices and making some allowances for battery investments. This is partially offset by higher coal plant rehabilitation costs in later years. Overall this leads to an increase in our valuation and price target of 2% to $8.81ps.

All in all, Morgans appears to believe that the beaten down AGL share price is great value at current levels.

The post Broker gives its verdict on the AGL share price post-coal exit plans appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Why AGL, Northern Star, Qualitas, and Rio Tinto shares are pushing higher today
• Here are the top 10 ASX 200 shares today
• AGL share price dips as $20b price tag flagged for coal exit
• AGL share price on watch following major strategic and earnings update

Motley Fool contributor James Mickleboro 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 Scott Phillips.

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Shares of Liontown Resources Limited (ASX: LTR) are drifting lower today despite no market-sensitive news.

At the time of writing, shares in the lithium player are trading 3% down at $1.45 apiece.

While there’s been nothing price sensitive from Liontown today, the company did release its annual report for investors to digest.

Optimism on lithium pricing

In his address to the annual report, Liontown chairman Tim Goyder gave a high-level view of the company’s operations last financial year.

Goyder spoke fondly of the company’s flagship asset, the Kathleen Valley Lithium project in Western Australia, noting it is progressing “rapidly towards development”.

“At the heart of our success is the world-class quality, scale and location of the deposit [at Kathleen Valley],” he wrote.

Liontown is on the path to becoming a “significant provider of battery minerals for the rapidly growing clean energy market”.

This is now a concentrated space with only a few players currently successful in delivering metal to mine in the same process.

All the hype boils down to the price of lithium, itself advancing to new all-time highs today at A$110,663 per tonne.

Those unlocking the risk capital to mine and produce lithium will be rewarded with such handsome market prices, in theory.

While there’s been some doubt on the longevity of the lithium rally, Liontown’s chairman is optimistic on future pricing.

Far from being a flash in the pan, these remarkable pricing outcomes are being driven by a systemic shortage of lithium raw materials through the supply chain and a growing recognition that demand will continue to grow significantly out to 2030 and beyond, requiring a significant investment in new supply.

Despite the optimism, Liontown shares are down more than 12% this year to date. They have also lost 12% over the past month of trade.

The post ‘Far from being a flash in the pan’: Liontown shares dip despite chair’s upbeat lithium price outlook appeared first on The Motley Fool Australia.

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More reading

• Why is the Core Lithium share price sinking 9% today?
• September living up to its ‘worst month of the year’ reputation as ASX 200 finally cracks
• Why is the Liontown share price diving 5% on Friday?
• Is this prediction great news for ASX lithium shares?
• Here’s why the Liontown share price is up 4% and could keep rising

Motley Fool contributor Zach Bristow 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 Scott Phillips.

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The Lake Resources NL (ASX: LKE) share price has fallen 17.4% this week from the close of trade on 23 September to the time of writing today.

That’s considerably more than the loss posted by the S&P/ASX 200 Materials Index (ASX: XMJ), which only dipped 1.41% over the same period.

Other ASX lithium shares are also down during this time, including Pilbara Minerals Ltd (ASX: PLS), which is down 8.7% of its value. Allkem Ltd (ASX: AKE) also took a beating, losing 12.7%.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) has lost 3.29%.

There’s no news from the company to make sense of the decline in the Lake Resources share price. However, some developments in the market unfolded. Let’s cover the highlights.

What’s going on with the Lake Resources share price?

On Monday, the Motley Fool reported that Lake Resources was among the top ten most shorted shares on the ASX, with a short interest ratio of 9.9% when the article was published.

This follows insight in early September from research firm J Capital into why the Lake Resources share price might be targeted by short sellers. It claimed Lake Resources’ direct lithium extraction (DLE) technology was reportedly unproven and may not produce lithium in the clean way that the company expected, potentially producing toxic waste instead.

Although my colleague James notes that Lake Resources has refuted J Capital’s claims, this negative commentary may still have a grip on the company’s share price, amid it falling to lower levels this week.

More broadly, Lake Resources and other lithium shares could be feeling the bite of the prospect of interest rates rising even further, as well as the possibility that a ‘soft landing’ will not eventuate as the Fed hopes.

My Fool colleague Tristian notes that these headwinds and others might culminate in a maelstrom of volatility we’ve witnessed over the past week.

Lake Resources share price snapshot

Shares in the company are currently trading for 87.5 cents apiece. Earlier today, shares made an intraday high of 90 cents and a low of 87 cents.

The Lake Resources share price is down 13.12% year to date. Meanwhile, the ASX 200 has fallen 12.96%.

The company’s market capitalisation is around. $1.22 billion.

The post Why has the Lake Resources share price tumbled 17% in a week? appeared first on The Motley Fool Australia.

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More reading

• ASX lithium share QX Resources soars 70% on ex-Lake Resources MD appointment
• Are short sellers right about the Lake Resources share price?
• Here are the top 10 ASX 200 shares today
• These are the 10 most shorted ASX shares
• Why is the Lake Resources share price sinking 7% on Monday?

Motley Fool contributor Matthew Farley 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 Scott Phillips.

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The Webjet Limited (ASX: WEB) share price is pushing lower today and is now trading 4.1% in the red at $4.76.

Webjet booked a trip down south earlier in the year and, after some sideways action, has begun to come in with a hard landing to today’s market price.

The evolution of the Webjet share price for the past 12 months is seen in the chart below.

Is Webjet a buy?

The travel and tourism industry has been one of the worst hit by COVID-19 lockdowns. However, it’s made somewhat of a comeback in 2022.

According to The International Air Transport Association (IATA), travellers are expected to embark on a mammoth four billion trips in 2024 – more than 103% of the 2019 [pre-COVID] total.

This is a stark difference from last year’s numbers. In 2021, overall traveller numbers were just 47% of the 2019 highs.

Buying Webjet shares lends investors unique exposure to the travel and tourism segments, albeit with a completely different business model.

Being in the services industry, and using software to generate revenue, means capital expenditure (CapEx) is light for Webjet.

CapEx is the amount of funds required to grow and maintain its physical/fixed assets, like land and buildings. In its last half-year results, Webjet reported capital expenditure of $11.8 million, with $15 million in FY19.

Airlines, on the other hand – another route to gain travel exposure – have enormous capital expenditure just to stay afloat.

Over the same half-year period, CapEx for Qantas Airways Limited (ASX: QAN) was $581 million, down from a high of $1.2 billion in FY19 (expect numbers to return to 2019 levels).

Hence, even though total debt levels have crept up for Webjet since FY19, only 21% of assets are funded by debt, and the percentage of debt to equity on the balance sheet is evenly split.

Investors also received 18 cents per share in trailing dividends this year with a trailing dividend yield of 1.4%.

What do the brokers say?

Brokers certainly believe Webjet is a buy too. According to Refinitiv Eikon data, 10 out of 16 analysts urge clients to buy Webjet right now, with four saying it’s a hold.

The consensus price target from this list is $5.97, suggesting around 25% return potential from the current Webjet share price.

With low fixed expenses and the potential to benefit from a rebound in recovery, the bullish case is clear for brokers to recommend Webjet as a buy.

The risk that numbers won’t return to previous highs remains a very real one, however. Nevertheless, the Webjet share price is down 24% over the past 12 months.

The post The Webjet share price is trading at 8-month lows. Is now the time to buy? appeared first on The Motley Fool Australia.

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More reading

• Why this expert is picking Webjet shares to ride the reopening to new heights
• Morgans names 2 ASX growth shares to buy
• Here are 3 top ASX growth shares that analysts rate as buys
• Here are the top 10 ASX 200 shares today
• Why is the Webjet share price heading 5% skywards on Tuesday?

Motley Fool contributor Zach Bristow 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 Webjet Ltd. 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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ASX 200 gold shares are having a stellar end to the week as the gold price recovers from two-year lows earlier in the week.

Among the gold explorers rising are Newcrest Mining Ltd (ASX: NCM), Northern Star Resources Ltd (ASX: NST) and Evolution Mining Ltd (ASX: EVN).

So why are ASX 200 gold shares having such a good day?

Gold prices recover

Newcrest shares are rising nearly 2.97%, Northern Star Resources shares are up 3.41% and Evolution Mining shares are 2.52% in the green. Other gold miners rising include St Barbara Ltd (ASX: SBM), up 5.4%, as well as Silver Lake Resources Limited (ASX: SLR) and Regis Resources Limited (ASX: RRL), both rising 5% and 4.8% respectively.

The spot gold price is up 0.15% to US$1671 an ounce at the time of writing, CNBC data shows. However, the gold price has recovered 2.5% from the more than two-year low of S$1629.50 on Monday afternoon.

The gold price fluctuated overnight as investors weighed up a slight fall in the US dollar and potential US rate hikes. Commenting on the gold price, OANDA senior analyst Edward Moya, quoted by the CNBC said:

A slightly weaker dollar today might give some relief… but the key takeaway should still be what’s happening with yields, the short end of the curve is still rising strongly.

You’re probably looking at a gold market that’s still going to react to everything about the dollar, everything about Fed expectations.

Meanwhile, St Barbara yesterday confirmed it is in discussions with operators in the St Leonora region regarding “a potential business combination or combinations” to unlock “operating and development synergies in the region”.

The post In a sea of red, why are ASX 200 gold shares shining brightly on Friday? appeared first on The Motley Fool Australia.

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More reading

• Why AGL, Northern Star, Qualitas, and Rio Tinto shares are pushing higher today
• Own Evolution Mining shares? Get ready to dig into your dividends
• 5 things to watch on the ASX 200 on Friday
• Here are the top 10 ASX 200 shares today
• Own Northern Star shares? Here’s some great news about your dividends

Motley Fool contributor Monica O’Shea 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 Scott Phillips.

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The All Ordinaries (ASX: XAO) is a sea of red on Friday afternoon. At the time of writing, the index is down a disappointing 1.25% to 6,676.5 points.

Fortunately, it’s not all bad news for All Ords shares today. Listed below are some big winners:

Capricorn Metals Ltd (ASX: CMM)

The Capricorn Metals share price is up 6.5% to $2.94 on Friday afternoon. This has been driven partly by a bullish broker note out of Macquarie this morning. According to the note, its analysts have upgraded the gold miner’s shares to an outperform rating with a $3.30 price target. Although Capricorn Metals’ full year results fell short of Macquarie’s expectations, it feels its shares are trading at an attractive level and has upgraded its rating accordingly.

Qualitas Ltd (ASX: QAL)

The Qualitas share price is up 8% to $2.33. This has been driven by news that the alternative real estate investment manager has secured another big capital commitment from a global institutional investor. According to the release, the unnamed investor has committed $440 million to the Qualitas Construction Debt Fund II. This means that within the first three months of FY 2023, the company has raised a total of $1.19 billion in new capital. This followed a major investment from the Abu Dhabi Investment Authority investment last month.

Westgold Resources Ltd (ASX: WGX)

The Westgold Resources share price is up almost 6% to 83.5 cents. Investors have been buying Westgold Resources and other All Ords gold miners on Friday despite the gold price only rising modestly during Asian trade. It could be that investors are looking for safe haven options after the market volatility returned. In afternoon trade, the S&P/ASX All Ordinaries Gold index is up a pleasing 2.8%.

The post It’s not all bad news for ASX All Ords shares on Friday. Here are some big winners appeared first on The Motley Fool Australia.

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More reading

• Why AGL, Northern Star, Qualitas, and Rio Tinto shares are pushing higher today
• These 8 companies joined the ASX 200 on Monday. Here’s how they’re performing
• The ‘in’ crowd: How are the ASX 200 newcomers performing today?
• The ASX 200 is getting a shakeup today. Here’s the tea
• Why Allkem, Capricorn Metals, Lovisa, and Pilbara Minerals shares are rising today

Motley Fool contributor James Mickleboro 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 Scott Phillips.

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The BHP Group Ltd (ASX: BHP) share price is lifting on Friday to finish the week on a high.

BHP shares are rising 0.92% and are currently trading at $38.52. For perspective, the
S&P/ASX 200 Index (ASX: XJO) is 1.25% in the red.

So why is the BHP share price rising today?

BHP shares lift

BHP is a major iron ore producer and derived more than half of its earnings in FY22 from the commodity. The mining giant also produces copper, nickel, coal, potash and coal, among other commodities.

Higher iron ore prices could be helping the BHP share price today. Iron ore prices have lifted 1.51% to US$101 per tonne, Trading Economics data shows.

ANZ senior economist Adelaide Timbrell said iron ore prices lifted on “expectations of further support for the construction sector in China”. In a research note, she added:

A meeting chaired by Premier Li Keqiang reaffirmed the government’s plan to front-load next year’s special government bond quota. The PBoC will also allow some cities to cut mortgage rates for first home buyers. Investors hope this will result in a boost to construction-related steel demand.

The copper price also rose 1.6% to US$7542 per tonne overnight, while nickel lifted 2.5% to US$22,348 per tonne.

Analysts at Macquarie have recently placed an outperform rating on the BHP share price and lifted the price target on the company’s shares to $44. This is 14% more than the current share price. Macquarie has increased earnings estimates for the company up to FY 2026 by 5% per year.

BHP reported a record underlying earnings before interest, tax, depreciation and, amortisation (EBITDA) of US$40.6 billion in FY22, 16% more than the previous financial year. Of these earnings, US$21.7 billion came from iron ore, while US$8.6 billion was derived from copper and US$7.7 billion was delivered from metallurgical coal.

Share price snapshot

BHP shares have soared nearly 16% in the past year. In the year to date, they have risen climbed nearly 16%, but have fallen 8% in the past month.

For perspective, the ASX 200 has lost nearly 11% in the past year.

BHP has a market capitalisation of more than $196 billion based on the current share price.

The post Why is the BHP share price having such a stellar end to the week? appeared first on The Motley Fool Australia.

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More reading

• ASX 200 dividend shares suffer September sell-off
• Guess which ASX 200 mining shares are outpacing BHP today
• Top brokers name 3 ASX shares to buy today
• ‘Willingness to pay a premium’: ASX coal shares boom again on Wednesday
• Why is the BHP share price outperforming the ASX 200 today?

Motley Fool contributor Monica O’Shea 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 Macquarie Group Limited. 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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