Euro Pacific Asset Management LLC Buys Shares of 55,552 BHP Group Limited Sponsored ADR $BHP

Euro Pacific Asset Management LLC purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 55,552 shares of the mining company’s stock, valued at approximately $2,671,000.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in shares of BHP Group by 1.2% during the first quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company’s stock valued at $270,808,000 after purchasing an additional 63,641 shares during the period. Goldman Sachs Group Inc. lifted its holdings in 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 buying an additional 1,490,012 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in BHP Group in the 2nd quarter valued at about $68,953,000. Royal Bank of Canada boosted its position in BHP Group by 2.8% in the 1st quarter. Royal Bank of Canada now owns 1,149,201 shares of the mining company’s stock valued at $55,781,000 after buying an additional 30,980 shares during the period. Finally, American Century Companies Inc. grew its stake in BHP Group by 6.1% in the 1st quarter. American Century Companies Inc. now owns 681,659 shares of the mining company’s stock worth $33,088,000 after acquiring an additional 38,903 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 0.1%

Shares of NYSE BHP opened at $55.43 on Monday. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $61.03. The business has a fifty day moving average price of $53.97 and a 200 day moving average price of $50.58. The stock has a market capitalization of $140.68 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11.

BHP Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a $1.185 dividend. This represents a dividend yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th. This is an increase from BHP Group’s previous semi-annual dividend of $1.00. BHP Group’s payout ratio is presently 53.86%.

Analysts Set New Price Targets

Several analysts have recently weighed in on BHP shares. BMO Capital Markets downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Argus lowered BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Saturday, September 27th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. Finally, Berenberg Bank reiterated a “sell” rating and set a $44.00 target price on shares of BHP Group in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, BHP Group currently has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Company Profile

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.