BHP Group (NYSE:BHP) Downgraded to Buy Rating by StockNews.com

BHP Group (NYSE:BHP) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Jefferies Financial Group decreased their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Trading Up 1.0 %

BHP stock opened at $50.06 on Friday. BHP Group has a twelve month low of $48.06 and a twelve month high of $63.21. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The stock has a 50-day simple moving average of $50.97 and a two-hundred day simple moving average of $54.29.

Hedge Funds Weigh In On BHP Group

Institutional investors have recently added to or reduced their stakes in the business. Bleakley Financial Group LLC increased its holdings in shares of BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after buying an additional 203 shares during the period. Huntington National Bank grew its position in BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after acquiring an additional 203 shares during the last quarter. Essex Savings Bank increased its stake in BHP Group by 3.0% in the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock worth $365,000 after purchasing an additional 219 shares during the period. Pinnacle West Asset Management Inc. lifted its position in BHP Group by 2.8% in the third quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock valued at $506,000 after purchasing an additional 225 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of BHP Group by 4.6% during the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after purchasing an additional 263 shares during the period. 3.79% of the stock is currently owned by institutional investors.

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.