BHP Group Limited Sponsored ADR (NYSE:BHP) Given Average Rating of “Hold” by Brokerages

BHP Group Limited Sponsored ADR (NYSE:BHP) has been given an average rating of “Hold” by the nine research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $56.00.

BHP has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, December 30th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BHP. Amundi boosted its position in shares of BHP Group by 8.7% during the 1st quarter. Amundi now owns 92,258 shares of the mining company’s stock worth $4,288,000 after purchasing an additional 7,420 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of BHP Group by 230.0% in the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock valued at $1,546,000 after purchasing an additional 22,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BHP Group by 20.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock valued at $660,000 after purchasing an additional 2,331 shares during the period. Ascent Group LLC acquired a new position in BHP Group during the first quarter worth about $231,000. Finally, Flaharty Asset Management LLC acquired a new position in BHP Group during the first quarter worth about $73,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

NYSE:BHP opened at $63.00 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average price is $57.93 and its 200 day moving average price is $55.04. BHP Group has a 1-year low of $39.73 and a 1-year high of $65.09.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.