BHP Group (BHP) Stock Slips on CEO Succession Plan

BHP Group BHP -1.54% ▼ stock was down on Friday after the mining company announced a change of leadership. Brandon Craig is set to take over as the next CEO of the company on July 1, 2026. This will see him replace current CEO Mike Henry, who has served in the role for over six years.

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BHP Group noted that Craig’s appointment as the next CEO of the company was the result of a formal search for a successor. It also highlighted the incoming CEO’s experience, which includes more than 25 years of operational and corporate leadership experience at BHP Group. He has aided the company across its businesses in Canada, the United States, and South America.

Craig has high hopes for his tenure as CEO of BHP Group. He said, “As incoming CEO, I am committed to leading the talented and hard-working people who make BHP a great company and continuing to generate long-term value for all our shareholders. I will work tirelessly with the Board and management to achieve this. I look forward to continuing to take this great company forward.”

BHP Group Stock Movement Today

BHP Group stock was down 0.49% on Friday, but was still up 12.67% year-to-date. The shares have also climbed 37.07% over the past 12 months.

Trading activity for BHP stock was light today, as some 2,700 shares changed hands. For comparison, the company’s three-month average daily trading volume is about 4.28 million shares.

Is BHP Group Stock a Buy, Sell, or Hold?

Turning to Wall Street, the analysts’ consensus rating for BHP Group is Hold, based on one Buy, one Hold, and one Sell rating over the past three months. With that comes an average BHP stock price target of $68.33, representing a potential 2.37% upside for the shares.

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