BHP Group Limited (NYSE:BHP) Receives Consensus Rating of “Hold” from Brokerages

Shares of BHP Group Limited (NYSE:BHPGet Rating) have received a consensus rating of “Buy” from the sixteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, three have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $1,190.65.

BHP has been the subject of several research analyst reports. Jefferies Financial Group increased their price objective on shares of BHP Group from $60.00 to $64.00 in a research report on Thursday, February 3rd. Royal Bank of Canada dropped their price objective on shares of BHP Group from GBX 2,400 ($29.98) to GBX 2,300 ($28.73) in a research note on Thursday, January 20th. HSBC initiated coverage on shares of BHP Group in a research note on Friday, March 18th. They set a “hold” rating on the stock. Exane BNP Paribas lowered BHP Group from a “neutral” rating to an “underperform” rating and set a GBX 2,185 ($27.30) target price on the stock. in a research report on Wednesday, February 9th. Finally, Citigroup upgraded BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, April 21st.

BHP stock opened at $67.88 on Wednesday. The firm has a 50-day simple moving average of $72.12 and a two-hundred day simple moving average of $64.48. BHP Group has a one year low of $51.88 and a one year high of $82.07. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.71.

The company also recently announced a semi-annual dividend, which was paid on Monday, March 28th. Shareholders of record on Friday, February 25th were issued a $3.00 dividend. This represents a yield of 13.1%. The ex-dividend date of this dividend was Thursday, February 24th.

Large investors have recently modified their holdings of the company. American Trust Investment Advisors LLC raised its holdings in shares of BHP Group by 1.5% in the 1st quarter. American Trust Investment Advisors LLC now owns 8,962 shares of the mining company’s stock worth $692,000 after purchasing an additional 130 shares during the period. Fieldpoint Private Securities LLC lifted its holdings in shares of BHP Group by 5.6% in the 4th quarter. Fieldpoint Private Securities LLC now owns 2,912 shares of the mining company’s stock worth $176,000 after purchasing an additional 155 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of BHP Group by 3.5% in the 4th quarter. Spire Wealth Management now owns 4,919 shares of the mining company’s stock worth $297,000 after purchasing an additional 167 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of BHP Group by 7.8% in the 3rd quarter. Assetmark Inc. now owns 2,753 shares of the mining company’s stock worth $147,000 after purchasing an additional 199 shares during the last quarter. Finally, Prio Wealth Limited Partnership lifted its holdings in shares of BHP Group by 5.1% in the 3rd quarter. Prio Wealth Limited Partnership now owns 4,150 shares of the mining company’s stock worth $222,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 6.73% of the company’s stock.

About BHP Group (Get Rating)

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

Further Reading

Analyst Recommendations for BHP Group (NYSE:BHP)

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