BHP Group Limited Sponsored ADR (NYSE:BHP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have received an average rating of “Hold” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $48.50.

BHP has been the subject of a number of analyst reports. Sanford C. Bernstein cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. BMO Capital Markets lowered BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Berenberg Bank restated a “sell” rating and issued a $44.00 price objective on shares of BHP Group in a research report on Thursday, July 24th. Argus lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Finally, Macquarie cut BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of BHP Group by 1.2% during the 1st quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company’s stock worth $270,808,000 after purchasing an additional 63,641 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in BHP Group by 43.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after purchasing an additional 1,490,012 shares in the last quarter. Northern Trust Corp raised its holdings in BHP Group by 58.5% in the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company’s stock worth $112,043,000 after purchasing an additional 846,963 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of BHP Group during the second quarter valued at about $68,953,000. Finally, Royal Bank of Canada boosted its holdings in shares of 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 in the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

NYSE BHP opened at $53.34 on Tuesday. The company has a 50-day moving average price of $50.41 and a 200-day moving average price of $49.36. BHP Group has a 52 week low of $39.73 and a 52 week high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $135.26 billion, a P/E ratio of 12.12 and a beta of 0.80.

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.