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

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have earned an average recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat reports. Ten research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $62.3333.

Several research firms have weighed in on BHP. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Bank of America downgraded BHP Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. Sanford C. Bernstein lowered their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research report on Monday, March 9th. Finally, Argus set a $95.00 target price on BHP Group in a research report on Monday, April 27th.

Hedge Funds Weigh In On BHP Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BHP. AQR Capital Management LLC grew its position in shares of BHP Group by 230.0% during the 1st quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after buying an additional 22,201 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in 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 last quarter. Invesco Ltd. grew its stake in BHP Group by 99.6% in the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock valued at $601,000 after purchasing an additional 6,241 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in BHP Group by 173.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock valued at $182,000 after purchasing an additional 2,395 shares during the last quarter. Finally, Guggenheim Capital LLC grew its stake in BHP Group by 13.0% in the second quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock valued at $803,000 after purchasing an additional 1,917 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP stock opened at $82.59 on Monday. BHP Group has a 1-year low of $45.74 and a 1-year high of $93.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The business has a 50 day simple moving average of $81.16 and a two-hundred day simple moving average of $71.41.

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.