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

Shares of BHP Group Limited (NYSE:BHP) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $68.00.

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

BHP Group Stock Up 0.8 %

NYSE:BHP opened at $49.21 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $52.47 and a 200-day moving average of $54.83. The firm has a market capitalization of $124.78 billion, a PE ratio of 10.65 and a beta of 0.95. BHP Group has a 52 week low of $48.68 and a 52 week high of $67.48.

Hedge Funds Weigh In On BHP Group

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

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.