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

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have earned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $48.50.

Several research firms have recently weighed in on BHP. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Citigroup reissued a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $54.82 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. The business has a 50-day simple moving average of $55.22 and a two-hundred day simple moving average of $52.83. BHP Group has a fifty-two week low of $39.73 and a fifty-two week high of $58.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BHP. BlueCrest Capital Management Ltd bought a new stake in shares of BHP Group in the third quarter worth about $699,000. CIBC Private Wealth Group LLC grew its holdings in BHP Group by 4.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 757,688 shares of the mining company’s stock valued at $42,241,000 after buying an additional 33,337 shares in the last quarter. Ovata Capital Management Ltd increased its stake in BHP Group by 21.3% in the 3rd quarter. Ovata Capital Management Ltd now owns 22,687 shares of the mining company’s stock worth $1,275,000 after acquiring an additional 3,986 shares during the last quarter. Coldstream Capital Management Inc. increased its stake in BHP Group by 7.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 6,451 shares of the mining company’s stock worth $360,000 after acquiring an additional 452 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of BHP Group during the 3rd quarter worth approximately $164,000. Institutional investors own 3.79% of the company’s stock.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.