BHP Group Limited Sponsored ADR (NYSE:BHP) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have earned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $69.50.

Several analysts have commented on the stock. Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Argus set a $95.00 target price on shares of BHP Group in a report on Monday, April 27th. Finally, The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th.

BHP Group Trading Up 1.4%

Shares of NYSE BHP opened at $83.34 on Friday. BHP Group has a 52 week low of $49.23 and a 52 week high of $93.83. The business’s 50 day moving average price is $85.04 and its 200 day moving average price is $75.31. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

Hedge Funds Weigh In On BHP Group

Several institutional investors and hedge funds have recently modified their holdings of BHP. Bayban purchased a new stake in shares of BHP Group in the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new stake in BHP Group during the fourth quarter worth about $26,000. Garton & Associates Financial Advisors LLC purchased a new position in BHP Group during the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC raised its position in BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in BHP Group by 8,320.0% in the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after acquiring an additional 416 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

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.