20 March, 2026 (16:00:00 AEST) BHP (BHP: $A47.47) drops to two-month low on extraordinary volume; -88c [-1.8%] Vol Index 3.7 [1 is avg] www.buysellsignals.com BHP Group Limited's (ASX: BHP $A47.47) stock price traded at its 58-day low of $A46.59. The last time the price hit that low level was on Wednesday, Jan 21, 2026. BHP's stock price dropped 88.0c (1.8%) from its previous trading session to close at $A47.47. Compared with the All Ordinaries Index which fell 62.4 points (0.7%) in the day, the relative price change was -1.1%. There were 33,820,000 shares worth $A1.6 billion traded today. The fall was exacerbated by extraordinary volume of 3.7 times the average daily volume of 9.1 million shares. Today's update from Commodities markets - Copper Copper (NYMEX:HG;$5.52 per pound) rises 0.8% from 14-day low Copper (NYMEX:HG), was up 0.8% from its 14-day low of $5.48 on 19 March, 2026. Its Williams % R is -90.7 which suggests it is oversold, a bullish signal. Its Relative Strength Index [RSI] is 28.1. An RSI reading of between 0 and 30 suggests Copper is close to its 14-day low. This suggests Copper is oversold; another bullish signal. The price has increased 2.30c (or 0.4%) from its last trading session of March 18 to close at $5.52 per pound.($12,170 per Ton), ending a two-day streak of losses. PV$1000 [10 Years] = US$2,419 Present Value of US$1,000 invested in Copper 10 years ago is now worth US$2,419; this corresponds to a TRS or CAGR of 9.2% per annum [Total Annualized Return of Copper.] 52-Week Price Range: $4.07 per pound - $6.39 per pound 52-Week Price Range: $8,972 per Ton - $14,081 per Ton BHP (BHP) Stock Dashboard [traded in Australian Dollars, AUD] End-of-Day Fri, Mar 20 http://www.bhpbilliton.com/ Last $A47.47 52-Week Price Range $A32.63 - $A58.29 Ave Daily Volume 9,134,720 shares Currency 1.000 AUD = 0.703 USD Today's Volume [VI] 33,820,000 [3.7] Market Cap $A241 billion [US$169 billion] Exchange AUSTRALIAN [ASX] P/E 18.8 EPS (FY2025) $A1.78 EPS Growth (FY2025 vs FY2024) 14.1% Shares Outstanding 5,073,901,188 BHP in Indices All Ordinaries [of 387 stocks] Dividend Yield % (TTM) 2.17 DPS (past 12 months) $A1.9 or 188c Sector Materials [Rank by MCap 1 of 566 stocks] PV$1000 (1 yr) and TRS $A1,259; 25.9% US$1,399; 39.9% VI* Volume Index = Number of shares traded today/Average number of shares traded per day. A year ago the exchange rate was USD 1 = 1.58 AUD. USD1000 would have bought $A1,580. A year ago the BHP share price was $A38.41. $A1,580 would have bought 41.1 BHP shares on that day. Those 41.1 shares would be worth $A1,953 at today's share price of $A47.47. At today's exchange rate of USD1=1.42 AUD this is equivalent to USD1,373. Dividends reinvested are worth $A23 ($26). PV$1000= $1,399. APPENDIX I DATA & ARCHIVE DOWNLOAD CENTER BHP: EXPORT DATA TO EXCEL: + PRICE VOLUME - 5-YEAR HISTORY + FINANCIALS - 10-YEAR HISTORY [INCLUDING FY 2025]: + PEER COMPARISON BHP: OTHER INFORMATION: + STOCK BUZZ + PRICE VOLUME CHARTS + USD vs AUD EXCHANGE RATE CHARTS IN HTML + COPPER COMMODITY PRICE CHARTS IN HTML + COPPER COMMODITY BUZZ IN HTML + BOARD OF DIRECTORS INDEX SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX SECTION 2 CORPORATE PROFILE SECTION 3 THE PAST YEAR: PRESS RELEASES SECTION 4 COMMODITY BUZZ - COPPER SECTION 5 TODAY'S BEARISH SIGNALS SECTION 6 ONGOING BEARISH PARAMETERS SECTION 7 TODAY'S BULLISH SIGNALS SECTION 8 ONGOING BULLISH PARAMETERS Read more... ANNEXURE APPENDIX II STOCK IDENTIFIERS SECTION 1 MOVING ANNUAL RETURN % STOCK VS INDEX Mar 20 Last price in AUD Annual Return of stock, % Return of All Ordinaries Index, % Net return Stock minus Index, % 2026 47.47 26.3 4.9 21.4 2025 38.41 -5.8 1 -6.8 2024 40.77 5.9 9.6 -3.7 2023 38.5 2.7 -4.6 7.3 2022 37.49 14.7 7 7.7 Annual return of the stock overperformed return of the Index in each of the past 3 years. SECTION 2 CORPORATE PROFILE 2.1 Activities BHP Group Limited is a leading global resources company headquartered in Australia, specializing in the exploration, development, production, and marketing of minerals, metals, and petroleum. Its core business activities encompass the extraction and processing of key commodities, including iron ore, copper, coal, nickel, and potash, with operations spanning multiple continents to meet global demand in sectors like manufacturing, energy, and infrastructure. Among its segments, copper has been the fastest-growing, fueled by rising demand from renewable energy technologies and electric vehicles, positioning BHP as a key player in the transition to a low-carbon economy. The company emphasizes operational excellence, innovation, and sustainable practices to optimize resource efficiency and deliver long-term value to shareholders and communities. It is Australia's largest Materials company by market capitalisation. SECTION 3 THE PAST YEAR: PRESS RELEASES 3.1 The Past Year: Press Releases http://www.buysellsignals.com/bst/01599102101200326322 SECTION 4 COMMODITY BUZZ - COPPER 4.1 COMMODITY BUZZ - COPPER http://www.buysellsignals.com/bst/01699102101200326322 SECTION 5 TODAY'S BEARISH SIGNALS 5.1 3-DAY: STRONG MOMENTUM DOWN BHP declines 4.5% on high volume 1.9 times average. Compared with the All Ordinaries Index which fell 191.1 points (or 2.2%) in the 3-days, the relative price change was -2.4%. Week 12 of 2026: Down 4.7%; BHP (BHP) underperformed the All Ordinaries Index in 2 out of 3 days. The price ranged between a low of $A47.47 on Friday Mar 20 and a high of $A50.09 on Wednesday Mar 18. Mar BHP Close [AUD] Change % Comment Fri 20 Drops to two-month low on extraordinary volume 47.47 -1.8 VI*=3.7 Thu 19 Loses $A9 billion (3.5%) in MCap, steepest heavyweight fall in All Ordinaries Index 48.35 -3.5 Steepest Fall; VI*=1.4 Wed 18 In 2nd consecutive rise 50.09 0.7 Top Rise * RPC - Relative Price Change is % price change of stock less % change of the All Ordinaries Index. [Volume Index (VI); 1 is average] 5.2 Rank in the bottom 20% by Relative Valuation in the Australian market Description Value Rank Price/Earnings/Growth 1.34 In Bottom 20% 5.3 Downtrend Exponential Moving Average Price of 0.9 and negative MACD: - The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 50.47 minus the 26-day EMA of 51.42 is negative, suggesting a bearish signal. Both the 12-day EMA as well as the 26-day EMA are falling, another bearish signal. - The price to 50-day EMAP ratio is 0.9, a bearish indicator. The 50-day EMAP has decreased to $A50.66. A decrease is another bearish indicator. SECTION 6 ONGOING BEARISH PARAMETERS 6.1 Rank in the bottom 24% by Growth in the Australian market Description Value Rank EPS Growth % 14.1 In Bottom 24% 6.2 BHP sees dividend fall for a fourth consecutive year BHP reported dividends per share of $A1.03 in the past year, down 45.1% from the previous year. This is the fourth consecutive dividend decrease. In the past 4 years average annual compound growth rate of dividends was -32.1%. 6.3 Declining Volume Past five Years In the past five years, Average Daily Volume of Trading (ADVT) has decreased 1.7% to 9.1 million shares. Avg. Daily Volume Traded 12 months ended Mar 20, million shares Year ADVT 2026 9.1 2025 7.9 2024 7.4 2023 9.8 2022 9.3 6.4 Satisfies 4 out of 9 criteria of Joseph Piotroski [pass mark 5]: - Positive net income. - Positive operating cashflow. - Return on Assets improvement [from 9.4% to 10.2%]. - Good quality of earnings [operating cashflow exceeds net income]. But does not meet the following 5 criteria of Joseph Piotroski: - Improvement in long-term debt to total assets. - Improvement in current ratio. - Total shares on issue unchanged (or reduction in total shares on issue). - Improvement in gross margin. - Improvement in asset turnover. SECTION 7 TODAY'S BULLISH SIGNALS Price/Earnings of 18.8 < Materials sector (of 527 stocks) avg of 31.9: - The price-to-earnings ratio of 18.8 indicates undervaluation compared with sector average of 31.9 and market average of 25.6. 7.1 Relative Value Indicators: Undervaluation compared with Index averages and bond yield - Earnings yield of 5.3% is more attractive compared with the Australian average earning yield of 3.9%. - The earnings yield of 5.3% is 1.1 times the 10-year bond yield of 4.9%. (All figures in %) Earnings Yield 5.3 Australian avg 3.9 Dividend Yield 2.2 Bond Yield 4.9 7.2 Relative Value Indicators: Undervaluation compared with sector averages Sector P/E Fortune 500 Stock: 18.8; Sector: 21.1 undervalued Top40 Miners Stock: 18.8; Sector: 20.6 undervalued 7.3 Uptrend Beta > 1 combined with price rise. The Beta of the stock is 1.6. Price/Moving Average Price of 1.08: - The Price/MAP 200 for BHP is 1.08. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the All Ordinaries Index of 0.95, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of $A51.39 is higher than the 200-day MAP of $A44.04, a third bullish indicator. The 200-day MAP has increased to $A44.04, a fourth bullish indicator. Past Quarter: - In the last three months the stock has hit a new 52-week high nineteen times, pointing to a significant uptrend. Relative Strength (6 months) 76 percentile: - The stock has a 6-month relative strength of 76 in the Australian market of 1,387 stocks indicating it has outperformed 76% of the market. 7.4 Other Bullish Signals - Return on Equity of 21.3% versus sector average of 7.4% and market average of 7.6%. - Total Liabilities/EBITDA of 2.8 is less than 5, this compares favourably with the Joseph Piotroski benchmark of 5. - Return on Assets of 10.2% versus sector average of 4.0% and market average of 1.5%. - Return on Capital Employed of 21.6% versus sector average of 11.1% and market average of 3.2%. - Interest cover defined by EBIT/I is 11.4 times. This indicates it is less leveraged. MCap/Total Assets: - Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.6. Compared with the rest of the market the stock is undervalued. - Over the last 3 years average annual compound growth rate of earnings per share was 10.8%. This is considered moderate. - Net profit margin has averaged 21.9% in the last 3 years. This is considered superior and suggests a high margin of safety. - As per the Du Pont analysis, Return on Equity is high at 21.3%. This is computed as net profit margin of 21.7% times asset turnover [sales/assets] of 0.47 times leverage factor [total assets/shareholders' equity] of 2.1.Also, this has improved from 19.5% last year. ROE (%) Profit Margin (%) Asset Turnover Leverage factor Current Year 21.3 21.7 0.47 2.1 Previous Year 19.5 17.2 0.54 2.1 7.5 Oversold/Bullish Signals: - The Relative Strength Index (RSI) of 18.9 has breached the oversold line of 30, suggesting the price decrease of 16.2% in the last 14 days is unusually high. - The stock is oversold according to the Williams % R indicator of -92.5, suggesting the price is close to its 14-day low of $A46.59. - The Money Flow Index [MFI] is 17.6 suggesting an oversold 14-day trend, being under 20. The Money Ratio of 0.2 suggests positive money flow was 0.2 times negative money flow. SECTION 8 ONGOING BULLISH PARAMETERS 8.1 EPS growth [FY2025 vs FY2024] of 14.1%: FY EPS ($) Growth % 2025 1.78 14.1 2024 1.56 -38.9 8.2 Rank in the top 99% by Liquidity in the Australian market Description Value Rank Ave daily turnover $A383 million In top 99% 8.3 Rank in the top 1% by Size in the Australian market Description Value Rank Turnover $A1.6 billion In Top 1% MCap $169 billion In Top 1% Annual Revenue $51.3 billion In Top 1% 8.4 Past quarter momentum up: BHP gains 7.3% on firm volume 1.1 times average. Past month to High Low VWAP Volume Index * 20 Mar 2026 58.29 46.59 53.10 1.5 20 Feb 2026 52.93 51.95 50.82 1.2 20 Jan 2026 48.15 46.86 47.36 0.8 [*Volume Index of 1.5 means volume for the month was 1.5 times its 12-month average] [VWAP is defined as the Volume Weighted Average Price; High Low prices and VWAP are shown in AUD] 8.5 Rank in the top 20% by Productivity in the Australian market Description Value Rank Return on Equity [ROE] % 21.3 In Top 11% Return on Capital Employed [ROCE] % 21.6 In Top 12% Return on Assets [ROA] % 10.2 In Top 20% 8.6 Present Value of AUD1000 Invested in the Past [3 Mo, 1 Yr, 3 Yrs]; The Best Periods with PVAUD1000 > 1,092 PVAUD1,000 3 mo ago 1 yr ago 3 yrs ago BHP.ASX $A1,093 $A1,259 $A1,397 Materials sector $A1,142 $A1,297 $A1,309 All Ordinaries Index $A977 $A1,059 $A1,218 8.7 The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Price Change % > 7.2 3-Year price change of 23.3% for BHP outperformed the change of 20% in the All Ordinaries Index for a relative price change of 3.3%. Price Change % Quarter Year 3 Years BHP 7.3 23.6 23.3 Materials sector 9.9 29 29.8 All Ordinaries Index -3.3 7.1 20 8.8 MCap: 5-Year Increase of $A13 B (6%) In the past 5 years Market Capitalization has increased by $A13.2 billion (6%) from $A227.6 billion to $A240.9 billion. Based on a dynamic start date of 5 years ago, there have been declines in MCap in 4 out of 5 years. Price MCap (AUD B) MCap ($ B) Last $A47.47 240.9 169.4 1 Year ago $A38.41 198.5 125.1 2 Years ago $A40.77 220.8 144.9 3 Years ago $A38.50 219.8 146.3 4 Years ago $A37.49 234.5 173.1 5 Years ago $A32.68 227.6 176.4 8.9 Created Market Value [CMV] past 20 yrs of $A117.3 billion - Market Capitalization has increased by $A158 billion from $A82.9 billion to $A240.9 billion in the last 20 years. This increase comprises cumulative retained earnings (RETE) of $A40.7 billion and Created Market Value of $A117.3 billion. The Created Market Value multiple, defined by the change in MCap for every AUD1 of retained earnings is exemplary at $A3.88. 8.10 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 11.6% TSR % 1 yr 3 yrs 5 yrs BHP.ASX 25.9 11.7 15.9 8.11 P/E/G < 1 The price earnings ratio of 18.8 divided by trailing twelve months eps growth of 14.1% corresponds to an attractive P/E/G of 1.3 times; this is better than sector average of 6.3. EPS Growth (%) 14.12 P/E/G 1.34 P/E 18.78 8.12 Improved EBIT Margins: EBIT margin is positive and has increased from 32.8% to 39.3% in the past year. FY EBIT Margins (%) 2025 39.3 2024 32.8 2023 43.6 2022 52.5 2021 44.9 8.13 Safe Interest Cover and Improving Interest cover of 11.4 is above a safe benchmark figure of 3. Moreover, it has improved from 8.3 a year ago. Years Interest cover 2025 11.36 2024 8.3 2023 11.39 8.14 Low Debt to Equity (%) The debt to equity ratio of 47.3% is under a safe benchmark figure of 50%. However, it has deteriorated from 43.2% a year ago. Years Debt to Equity (%) Jun 2025 47.32 Jun 2024 43.22 Jun 2023 46.87 Jun 2022 34.87 Jun 2021 37.97 8.15 Increased VWAP, up 24% in 5 years In the past five years Volume Weighted Average Price (VWAP) has increased by 23.6% to $A42.41. Past five years, 12 months ended Mar 20 (AUD) Year High Price VWAP Low Price 2026 58.29 42.41 32.63 2025 44.47 39.74 35.8 2024 46.37 40.75 36.97 2023 43.54 36.56 29.04 2022 41.03 34.31 27.56 8.16 Increased share turnover, up 21% in 5 years In the past five years, average daily share turnover has increased 20.6% to $A387.4 million. This suggests increased liquidity.