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

BHP Group Limited Sponsored ADR (NYSE:BHP) has been given a consensus rating of “Hold” by the ten brokerages that are presently covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $62.3333.

A number of equities research analysts have recently weighed in on BHP shares. Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a research report on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Finally, Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd.

Institutional Investors Weigh In On BHP Group

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in BHP Group by 24.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 113,979 shares of the mining company’s stock worth $6,356,000 after acquiring an additional 22,388 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new position in shares of BHP Group during the third quarter valued at $1,345,000. Fisher Asset Management LLC raised its position in shares of BHP Group by 1.3% in the 3rd quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock worth $1,290,593,000 after purchasing an additional 307,397 shares during the last quarter. Abbington Investment Group raised its position in shares of BHP Group by 45.6% in the 4th quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock worth $4,183,000 after purchasing an additional 21,700 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in BHP Group by 1,769.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock worth $25,875,000 after purchasing an additional 439,304 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP Group stock opened at $83.57 on Thursday. The firm has a fifty day simple moving average of $76.83 and a two-hundred day simple moving average of $68.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. BHP Group has a twelve month low of $45.74 and a twelve month high of $91.45.

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.