BHP Group Limited Sponsored ADR (BHP) – What Are Brokerages Thinking About This Stock?

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have received a consensus rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $78.00.

A number of research firms have weighed in on BHP. Citigroup reissued a “neutral” rating on shares of BHP Group in a report on Tuesday, October 13th. Wall Street Zen downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Finally, Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd.

Hedge Funds Weigh In On BHP Group

Several institutional investors have recently added to or reduced their stakes in BHP. Fisher Asset Management LLC lifted its position in shares of BHP Group by 0.7% during the 3rd quarter. Fisher Asset Management LLC now owns 24,510,291 shares of the mining company’s stock valued at $2,079,453,000 after acquiring an additional 169,171 shares during the period. Royal Bank of Canada grew its holdings in BHP Group by 17.9% in the first quarter. Royal Bank of Canada now owns 1,239,402 shares of the mining company’s stock worth $90,153,000 after purchasing an additional 188,446 shares during the period. Main Street Research LLC bought a new stake in BHP Group in the first quarter valued at $37,767,000. Quantinno Capital Management LP increased its stake in BHP Group by 21.5% in the first quarter. Quantinno Capital Management LP now owns 493,604 shares of the mining company’s stock valued at $35,905,000 after purchasing an additional 87,378 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its stake in BHP Group by 1.1% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 261,230 shares of the mining company’s stock valued at $22,163,000 after purchasing an additional 2,811 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Trading Up 3.7%

Shares of BHP Group stock opened at $82.85 on Thursday. The company’s 50 day moving average price is $84.80 and its two-hundred day moving average price is $81.78. BHP Group has a fifty-two week low of $52.18 and a fifty-two week high of $98.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.88.

BHP Group Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were paid a dividend of $1.98 per share. This represents a yield of 438.0%. The ex-dividend date of this dividend was Friday, September 4th.

About BHP Group

BHP Group is a global resources company with roots in the Broken Hill Proprietary Company, founded in Australia in 1885. The company is headquartered in Melbourne and operates mines and related businesses across several regions.

BHP’s main products include iron ore, copper and metallurgical coal, which are used in steelmaking, construction, manufacturing and other industries. It also has a potash project under development in Canada.

The company’s operations and projects span Australia and the Americas, including activities in Chile, Peru and Brazil.