Himension Capital Singapore PTE. LTD. Purchases Shares of 23,436 BHP Group Limited Sponsored ADR $BHP

Himension Capital Singapore PTE. LTD. acquired a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 23,436 shares of the mining company’s stock, valued at approximately $1,705,000.

Several other hedge funds have also modified their holdings of the stock. AQR Capital Management LLC grew its holdings in 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. raised its stake in BHP Group by 20.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock worth $660,000 after purchasing an additional 2,331 shares during the period. Invesco Ltd. raised its stake in BHP Group by 99.6% during the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock worth $601,000 after purchasing an additional 6,241 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of BHP Group by 173.7% in the 2nd 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 boosted its holdings in shares of BHP Group by 13.0% in the 2nd 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. 3.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BHP has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Friday. The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Argus set a $95.00 price target on BHP Group in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.50.

BHP Group Trading Up 3.7%

Shares of BHP opened at $83.49 on Wednesday. BHP Group Limited Sponsored ADR has a 12 month low of $49.68 and a 12 month high of $93.83. The stock’s 50-day moving average is $85.08 and its two-hundred day moving average is $77.29. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

About BHP Group

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.