BHP Group Limited (NYSE:BHP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BHP Group Limited (NYSE:BHP) has been given an average rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $68.00.

A number of analysts have recently commented on BHP shares. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Finally, Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $72.00 to $68.00 in a report on Friday, October 4th.

BHP Group Stock Down 1.5 %

Shares of NYSE:BHP opened at $51.40 on Monday. The company has a market capitalization of $130.34 billion, a PE ratio of 11.10 and a beta of 0.95. BHP Group has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company has a 50 day moving average price of $55.67 and a two-hundred day moving average price of $55.88.

Hedge Funds Weigh In On BHP Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BHP. Eastern Bank bought a new stake in shares of BHP Group during the 3rd quarter worth approximately $26,000. Asset Dedication LLC boosted its holdings in shares of BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of BHP Group in the 2nd quarter valued at $27,000. Sound Income Strategies LLC raised its holdings in shares of BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after buying an additional 294 shares in the last quarter. Finally, Addison Advisors LLC lifted its position in shares of BHP Group by 1,187.0% during the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock worth $34,000 after buying an additional 546 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

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.