BHP Group (NYSE:BHP) was downgraded by research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, The Fly reports.
Several other brokerages also recently issued reports on BHP. ValuEngine raised BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research downgraded BHP Group from a “buy” rating to a “hold” rating in a report on Monday, December 10th. JPMorgan Chase & Co. downgraded BHP Group from an “overweight” rating to a “neutral” rating in a report on Thursday, December 6th. CLSA cut BHP Group from an “outperform” rating to an “underperform” rating in a research report on Thursday. Finally, Sanford C. Bernstein upgraded BHP Group to a “buy” rating in a research report on Thursday, December 20th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $48.25.
BHP Group stock traded up $0.20 during mid-day trading on Monday, hitting $50.90. 2,154,200 shares of the company’s stock traded hands, compared to its average volume of 2,486,800. BHP Group has a fifty-two week low of $43.10 and a fifty-two week high of $52.62. The company has a market capitalization of $81.55 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of 2.62 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.51 and a quick ratio of 2.24.
A number of hedge funds have recently bought and sold shares of the business. Raymond James Financial Services Advisors Inc. increased its position in BHP Group by 7.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 52,522 shares of the mining company’s stock worth $2,536,000 after buying an additional 3,612 shares during the period. Bank of Nova Scotia increased its position in BHP Group by 92.7% during the 4th quarter. Bank of Nova Scotia now owns 10,209 shares of the mining company’s stock worth $493,000 after buying an additional 4,912 shares during the period. Raymond James & Associates increased its position in BHP Group by 1.8% during the 4th quarter. Raymond James & Associates now owns 322,003 shares of the mining company’s stock worth $15,549,000 after buying an additional 5,545 shares during the period. Eagle Asset Management Inc. increased its position in BHP Group by 194.4% during the 4th quarter. Eagle Asset Management Inc. now owns 16,703 shares of the mining company’s stock worth $806,000 after buying an additional 11,029 shares during the period. Finally, Private Advisor Group LLC bought a new position in BHP Group during the 4th quarter worth $231,000. Hedge funds and other institutional investors own 3.42% of the company’s stock.
About BHP Group
BHP Group Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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