10 Best Long Term ASX Stocks to Buy Now

2) BHP Group Limited (NYSE:BHP)

Number of Hedge Fund Holders: 22

BHP Group Limited (NYSE:BHP) operates as a resources company. The company delivered safe and reliable performance during the half-year ended 31 December 2024. Its flagship copper, iron ore, and steelmaking coal assets posted particularly healthy production. Copper volumes increased 10%, with Escondida achieving a 10-year production record, more than mitigating the impact of a weather-related power outage at Copper SA. BHP Group Limited (NYSE:BHP) continues to maintain the sector-leading cost discipline and is on track to post FY 2025 unit cost guidance throughout all the assets.

In January 2025, the company completed the formation of Vicuña Corp., which is a 50/50 JV with Lundin Mining to develop the Filo del Sol and Josemaria copper projects. BHP Group Limited (NYSE:BHP)’s total cash completion payment stood at US$2.0 billion. Furthermore, in November 2024, the company outlined its attractive organic copper growth pipeline at its Chilean copper site tour, with low capital intensity options in both concentrator and leaching pathways.

For FY 2025, the company expects copper production in the range of 1,845kt – 2,045kt and iron ore production of between 255Mt – 265.5Mt. Notably, BHP Group Limited (NYSE:BHP)’s stock has a consensus rating of “Moderate Buy” and a consensus price objective of $53.00.