Erste Group Bank Forecasts Stronger Earnings for BHP Group

BHP Group Limited Sponsored ADR (NYSE:BHP) – Stock analysts at Erste Group Bank upped their FY2026 earnings per share (EPS) estimates for BHP Group in a research report issued on Friday, June 5th. Erste Group Bank analyst S. Lingnau now expects that the mining company will post earnings of $5.08 per share for the year, up from their previous estimate of $5.02. The consensus estimate for BHP Group’s current full-year earnings is $5.13 per share.

BHP has been the subject of several other research reports. The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. DZ Bank raised BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Sanford C. Bernstein cut their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Finally, Bank of America lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $62.33.

BHP Group Trading Up 6.2%

Shares of BHP opened at $88.08 on Friday. The stock has a 50 day simple moving average of $82.37 and a two-hundred day simple moving average of $72.30. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group has a 1 year low of $45.74 and a 1 year high of $93.70.

Institutional Trading of BHP Group

A number of institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in shares of BHP Group by 1.3% during the fourth quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock valued at $727,000 after purchasing an additional 150 shares during the period. Bailard Inc. boosted its stake in shares of BHP Group by 1.4% during the fourth quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock valued at $748,000 after purchasing an additional 174 shares during the period. Addison Advisors LLC boosted its stake in shares of BHP Group by 31.8% during the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after purchasing an additional 181 shares during the period. Naviter Wealth LLC boosted its stake in shares of BHP Group by 0.4% during the third quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock valued at $2,827,000 after purchasing an additional 191 shares during the period. Finally, Persium Advisors LLC boosted its stake in shares of BHP Group by 1.3% during the first quarter. Persium Advisors LLC now owns 15,489 shares of the mining company’s stock valued at $1,127,000 after purchasing an additional 196 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Company Profile

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.