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A leading fund manager is loading up on BHP shares. But why? The post Why this top fundie is overweight BHP shares appeared first on The Motley Fool Australia.
BHP Group Ltd (ASX: BHP) shares are slipping today. Shares in the S&P/ASX 200 Index (ASX: XJO) mining giant closed yesterday trading for $58.77. In morning trade on Tuesday, shares are swapping
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Ed Yardeni predicts 8,250, Morgan Stanley targets 8,000, and Goldman Sachs projects 7,600 for the S&P 500 by the end of 2026.
The top 30 companies account for more than 50% of the S&P 500’s total weight.
Lundin Mining aims for over 500,000 tonnes of copper and 550,000 ounces of gold annually by 2026.
The company guided to about $4.5 billion in revenue, $1.7 billion in adjusted EBITDA, and $1.2 billion in adjusted free cash flow for 2026.
Lundin intends to deliver $220 million each year through a combination of dividends and share buybacks.