BHP Group Limited Sponsored ADR (NYSE:BHP) Given Average Recommendation of “Hold” by Brokerages

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $56.00.

Several brokerages have issued reports on BHP. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC increased its stake in BHP Group by 1.3% in the third quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock valued at $1,290,593,000 after purchasing an additional 307,397 shares during the period. Bank of America Corp DE grew its holdings in shares of BHP Group by 25.2% during the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after buying an additional 697,316 shares during the last quarter. Northern Trust Corp increased its position in BHP Group by 5.3% in the 3rd quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock valued at $136,228,000 after acquiring an additional 123,382 shares during the period. SIH Partners LLLP raised its stake in BHP Group by 937.5% during the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after acquiring an additional 1,677,739 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new stake in BHP Group during the 2nd quarter valued at approximately $68,953,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Trading Down 1.3%

Shares of BHP Group stock opened at $63.00 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The company has a fifty day simple moving average of $57.93 and a 200-day simple moving average of $55.04. BHP Group has a 12-month low of $39.73 and a 12-month high of $65.09.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.