BHP Group (NYSE:BHP) Cut to Hold at Argus

Argus downgraded shares of BHP Group (NYSE:BHP) from a buy rating to a hold rating in a research report released on Friday, MarketBeat.com reports.

Several other research analysts have also recently weighed in on BHP. Wall Street Zen cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Sanford C. Bernstein cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Finally, Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Performance

BHP stock opened at $48.50 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The company has a 50 day moving average price of $48.35 and a 200 day moving average price of $49.31. BHP Group has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The stock has a market capitalization of $122.98 billion, a PE ratio of 11.02 and a beta of 0.82.

Institutional Trading of BHP Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in shares of BHP Group by 93.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,024 shares of the mining company’s stock valued at $98,000 after acquiring an additional 979 shares during the last quarter. Flaharty Asset Management LLC bought a new stake in shares of BHP Group during the 1st quarter valued at $73,000. Ascent Group LLC bought a new stake in shares of BHP Group during the 1st quarter valued at $231,000. Guardian Partners Inc. raised its position in shares of BHP Group by 2.0% during the 1st quarter. Guardian Partners Inc. now owns 100,087 shares of the mining company’s stock valued at $4,842,000 after acquiring an additional 2,006 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of BHP Group by 43.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock valued at $240,334,000 after acquiring an additional 1,490,012 shares during the last quarter. 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.