BHP Group (NYSE:BHP) Stock Rating Lowered by StockNews.com

BHP Group (NYSE:BHP) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

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

BHP Group Trading Up 1.9 %

Shares of BHP stock opened at $52.04 on Wednesday. BHP Group has a 12 month low of $48.06 and a 12 month high of $63.21. The stock has a 50 day moving average of $49.81 and a two-hundred day moving average of $53.16. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

Institutional Investors Weigh In On BHP Group

Large investors have recently modified their holdings of the stock. Bleakley Financial Group LLC boosted its stake in BHP Group by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after buying an additional 203 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of BHP Group by 11.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,839 shares of the mining company’s stock valued at $673,000 after purchasing an additional 1,087 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of BHP Group by 38.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 38,007 shares of the mining company’s stock worth $2,369,000 after purchasing an additional 10,507 shares during the last quarter. Eastern Bank bought a new stake in shares of BHP Group in the 3rd quarter worth about $26,000. Finally, Greenleaf Trust increased its position in shares of BHP Group by 10.9% during the 3rd quarter. Greenleaf Trust now owns 23,614 shares of the mining company’s stock worth $1,467,000 after purchasing an additional 2,314 shares in the last quarter. 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.