CIBC Asset Management Inc Takes Position in BHP Group Limited Sponsored ADR $BHP

CIBC Asset Management Inc purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,401 shares of the mining company’s stock, valued at approximately $413,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Caldwell Trust Co purchased a new stake in BHP Group in the second quarter valued at $31,000. Hilltop National Bank acquired a new stake in shares of BHP Group during the 2nd quarter worth about $32,000. Salomon & Ludwin LLC raised its holdings in BHP Group by 3,040.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after buying an additional 669 shares during the period. NewSquare Capital LLC lifted its position in BHP Group by 249.8% in the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock valued at $42,000 after buying an additional 622 shares during the last quarter. Finally, True Wealth Design LLC boosted its stake in BHP Group by 229.7% during the third quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock worth $42,000 after buying an additional 526 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Up 0.6%

BHP Group stock opened at $70.94 on Thursday. The company’s 50 day moving average is $60.87 and its two-hundred day moving average is $56.71. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $70.98. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Argus raised shares of 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. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.00.

About BHP Group

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.