BHP Group (NYSE:BHP) Downgraded by StockNews.com to Hold

StockNews.com lowered shares of BHP Group (NYSE:BHPFree Report) from a buy rating to a hold rating in a report issued on Monday morning.

BHP Group Stock Up 0.4 %

Shares of BHP opened at $60.45 on Monday. The company’s 50-day moving average is $63.67 and its 200-day moving average is $60.00. BHP Group has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.23 and a quick ratio of 0.95.

Hedge Funds Weigh In On BHP Group

Hedge funds have recently bought and sold shares of the business. Salem Investment Counselors Inc. increased its position in BHP Group by 110.0% during the second quarter. Salem Investment Counselors Inc. now owns 460 shares of the mining company’s stock worth $26,000 after acquiring an additional 241 shares during the period. Covestor Ltd acquired a new stake in shares of BHP Group in the 1st quarter valued at approximately $26,000. Russell Investments Group Ltd. acquired a new stake in shares of BHP Group in the 1st quarter valued at approximately $27,000. Eagle Bay Advisors LLC acquired a new stake in BHP Group during the 4th quarter worth approximately $28,000. Finally, BDO Wealth Advisors LLC boosted its position in BHP Group by 296.9% during the 2nd quarter. BDO Wealth Advisors LLC now owns 516 shares of the mining company’s stock worth $31,000 after buying an additional 386 shares during the period.

BHP Group Company Profile

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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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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