BHP Group's (ASX:BHP) near-term earnings are expected to be impacted by weaker iron ore and coal prices, according to a Friday note from Argus.
Iron ore prices have fallen 7% year-to-date, while coal has dropped 12%, Argus said, adding that the prices of both commodities are on a downward trend.
The lowered prices pressured the company's earnings and revenue, leading to lower year-over-year results and a reduced dividend, Argus noted.
Argus lowered BHP's rating to hold from buy.