BHP Group Limited (NYSE:BHP) Receives Average Recommendation of “Hold” from Brokerages

BHP Group Limited (NYSE:BHPGet Free Report) has earned a consensus rating of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $50.00.

A number of analysts have recently weighed in on the company. Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. StockNews.com downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday, March 14th.

Check Out Our Latest Report on BHP

Hedge Funds Weigh In On BHP Group

Several large investors have recently bought and sold shares of BHP. Salem Investment Counselors Inc. boosted its stake in BHP Group by 110.0% in the second quarter. Salem Investment Counselors Inc. now owns 460 shares of the mining company’s stock valued at $26,000 after acquiring an additional 241 shares in the last quarter. Covestor Ltd acquired a new stake in shares of BHP Group during the first quarter worth about $26,000. Russell Investments Group Ltd. acquired a new stake in shares of BHP Group during the first quarter worth about $27,000. Eagle Bay Advisors LLC acquired a new stake in shares of BHP Group during the fourth quarter worth about $28,000. Finally, Coppell Advisory Solutions LLC acquired a new stake in shares of BHP Group during the second quarter worth about $33,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

BHP Group stock opened at $59.17 on Wednesday. BHP Group has a twelve month low of $54.28 and a twelve month high of $69.11. The stock’s fifty day simple moving average is $58.71 and its 200-day simple moving average is $59.98. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 8th were paid a dividend of $1.44 per share. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 5.2%.

About BHP Group

(Get Free Report

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BHP)

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