BHP Group (NYSE:BHP) Raised to “Strong-Buy” at StockNews.com

BHP Group (NYSE:BHP) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

A number of other equities research analysts have also commented on the company. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group decreased their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Down 0.2 %

NYSE:BHP opened at $48.62 on Friday. The company has a 50-day moving average of $51.53 and a 200 day moving average of $54.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The firm has a market cap of $123.29 billion, a PE ratio of 10.52 and a beta of 0.95. BHP Group has a 1-year low of $48.06 and a 1-year high of $64.04.

Hedge Funds Weigh In On BHP Group

Several large investors have recently made changes to their positions in BHP. Ridgewood Investments LLC boosted its holdings in BHP Group by 136.4% during the 4th quarter. Ridgewood Investments LLC now owns 5,018 shares of the mining company’s stock valued at $245,000 after acquiring an additional 2,895 shares during the period. Range Financial Group LLC purchased a new position in shares of BHP Group in the fourth quarter valued at approximately $1,301,000. Versant Capital Management Inc acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $40,000. JPMorgan Chase & Co. increased its stake in BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after buying an additional 55,095 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in BHP Group by 17.4% during the 3rd quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company’s stock worth $18,807,000 after buying an additional 46,791 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Company Profile

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.