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3 reasons the BHP (ASX:BHP) share price could be in the buy zone




In afternoon trade the BHP Group Ltd (ASX: BHP) share price is on course to end the week with a decline.

At the time of writing, the mining giant’s shares are down 2% to $45.96.

Despite this decline, the BHP share price is up an impressive 34% over the last six months.

Is it too late to buy BHP shares?

While it is unlikely the BHP share price will be generating another 34% gain over the next six months, one leading broker still sees enough value in its shares to recommend it as a buy.

According to a note out of Goldman Sachs, the broker has retained its buy rating and put a price target of $47.90 on the company’s shares.

This price target implies potential upside of 4.2% excluding dividends and 9.2% including them.

Why does…

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