Why did the bhp share price drop 6% last week?

Selling was tied to profit taking and a market rotation from miners to tech on the ASX. Coverage showed sector-wide weakness in resources while growth names outperformed. There were no major company-specific shocks, so flows and positioning likely drove the move rather than a change in BHP’s fundamentals.

Is BHP a buy after the recent fall?

It depends on your horizon. At about A$50, BHP trades near its 50‑day average, offers a 4.55% trailing yield, and carries moderate leverage. Morgans holds a A$49 target and a Hold rating. Staged entries can manage risk while waiting for clearer sector breadth and price confirmation above A$53.90.

What technical levels should I watch this week?

Key supports sit around A$50.00 and A$49.27. Resistance appears near the Bollinger middle band at A$53.91 and the recent range highs. A daily close back above A$53.90 would improve momentum. A break below A$49 could invite further selling, especially if the ASX resources index stays weak.

What is BHP’s current dividend yield and payout ratio?

BHP’s trailing dividend yield is 4.55%, with a payout ratio of about 54.84%. Cash generation remains solid, supported by operating cash flow per share of 3.92. These figures help sustain dividends through cycles, though they still depend on commodity prices and capital allocation choices.

How does the tech rotation affect the bhp share price?

When investors favour growth and software, capital often leaves cyclicals like miners. That shift can pressure the bhp share price even without company news. If flows reverse or stabilise, resources can recover relative performance. Watching sector breadth and volumes helps gauge when that rotation is easing.

Global Market Insights

BHP.AX Stock Today: Tech Rotation Hits Miners After 6% Slide – March 10

ByHuzaifa Zahoor March 10, 2026March 10, 2026

The bhp share price is in focus today after last week’s 6% fall and a clear rotation from miners to tech on the ASX. BHP now sits roughly 13% below its record, with investors weighing whether selling persists or dip buyers step in. Morgans keeps Hold with a A$49 target, signalling mixed near‑term conviction. We outline how the rotation affects BHP ASX sentiment, where key technical levels sit, and what valuation, yield, and cash flow say heading into 10 March. First look: BHP.AX.