BHP Group Limited Sponsored ADR (NYSE:BHP) Receives $53.00 Average PT from Analysts

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been given an average rating of “Hold” by the five research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $53.00.

Several equities research analysts have recently issued reports on BHP shares. Sanford C. Bernstein lowered shares of BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Macquarie lowered shares of BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday. Finally, Argus lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $51.83 on Friday. BHP Group has a 52 week low of $39.73 and a 52 week high of $63.21. The stock has a market capitalization of $131.43 billion, a P/E ratio of 11.78 and a beta of 0.80. The firm has a fifty day simple moving average of $49.54 and a two-hundred day simple moving average of $49.00. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

Hedge Funds Weigh In On BHP Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC grew its position in BHP Group by 1.4% during the 4th quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company’s stock worth $677,000 after purchasing an additional 195 shares during the last quarter. Invesco Ltd. grew its position in BHP Group by 1.8% during the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company’s stock worth $544,000 after purchasing an additional 198 shares during the last quarter. NBT Bank N A NY grew its position in BHP Group by 10.1% during the 1st quarter. NBT Bank N A NY now owns 2,353 shares of the mining company’s stock worth $114,000 after purchasing an additional 216 shares during the last quarter. Wedmont Private Capital grew its position in BHP Group by 4.2% during the 1st quarter. Wedmont Private Capital now owns 6,788 shares of the mining company’s stock worth $307,000 after purchasing an additional 276 shares during the last quarter. Finally, Gleason Group Inc. grew its position in BHP Group by 2.0% during the 1st quarter. Gleason Group Inc. now owns 14,435 shares of the mining company’s stock worth $701,000 after purchasing an additional 280 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

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.