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

BHP Group Limited Sponsored ADR (NYSE:BHP) has been given a consensus recommendation of “Hold” by the nine brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $56.00.

A number of equities research analysts have recently weighed in on BHP shares. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, December 30th.

Institutional Trading of BHP Group

Several large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in shares of BHP Group by 7.2% in the 4th quarter. QRG Capital Management Inc. now owns 134,333 shares of the mining company’s stock valued at $8,110,000 after buying an additional 9,061 shares during the period. Montag A & Associates Inc. raised its position in BHP Group by 133.9% during the fourth quarter. Montag A & Associates Inc. now owns 1,387 shares of the mining company’s stock valued at $84,000 after acquiring an additional 794 shares in the last quarter. Pekin Hardy Strauss Inc. acquired a new position in BHP Group in the fourth quarter valued at approximately $204,000. AMG National Trust Bank boosted its position in BHP Group by 28.2% in the 4th quarter. AMG National Trust Bank now owns 5,284 shares of the mining company’s stock worth $319,000 after purchasing an additional 1,161 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of BHP Group by 30.7% during the 4th quarter. M&T Bank Corp now owns 19,550 shares of the mining company’s stock worth $1,180,000 after purchasing an additional 4,596 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 1.0%

Shares of BHP stock opened at $69.39 on Tuesday. The stock’s fifty day moving average price is $61.90 and its 200 day moving average price is $57.15. BHP Group has a 1-year low of $39.73 and a 1-year high of $74.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46.

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.