BHP Group Limited Sponsored ADR (NYSE:BHP) Receives Consensus Recommendation of “Hold” from Brokerages

BHP Group Limited Sponsored ADR (NYSE:BHP) has received a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, one has assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $56.00.

Several equities analysts recently weighed in on the company. Zacks Research upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Finally, Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, December 30th.

BHP Group Trading Up 1.0%

BHP opened at $69.39 on Tuesday. The company has a fifty day moving average of $61.90 and a two-hundred day moving average of $57.15. BHP Group has a fifty-two week low of $39.73 and a fifty-two week high of $74.98. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On BHP Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in BHP Group by 230.0% in the 1st 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position 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 buying an additional 2,331 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of BHP Group in the second quarter valued at about $32,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of BHP Group in the second quarter worth about $224,000. Finally, Ascent Group LLC boosted its position in BHP Group by 6.9% during the second quarter. Ascent Group LLC now owns 5,086 shares of the mining company’s stock worth $245,000 after acquiring an additional 330 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

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.