5 Cheap Nuclear Energy Stocks to Buy Amid Energy War

BHP Group Limited (NYSE:BHP) is among the largest uranium miners in the world. The company wholly owns the Olympic Dam mine which is among the largest uranium-rich sites in the world. The company has operations in Australia, Europe, Asia, North America, South America, and internationally. On August 15, BHP Group Limited (NYSE:BHP) announced earnings for fiscal 2022. The company’s net profit increased by a factor of 3 and amounted to $30.9 billion.

On August 17, Credit Suisse analyst Danielle Chigumira raised her price target on BHP Group Limited (NYSE:BHP) to 2,300 GBP from 2,200 GBP and maintained a Neutral rating on the shares.

As of September 2, BHP Group Limited (NYSE:BHP) has a price-to-earnings ratio of 6.29 and is offering a forward dividend yield of 13.03%, which the company backs with free cash flows of $26.3 billion.

At the close of Q2 2022, 19 hedge funds held stakes in BHP Group Limited (NYSE:BHP) worth $1.38 billion. Of those, Fisher Asset Management was the dominating shareholder, with stakes worth $1 billion. The investment covers 0.71% of Ken Fisher’s 13F portfolio.