BHP Group (NYSE:BHP) Upgraded to Strong-Buy at StockNews.com

BHP Group (NYSE:BHP) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Other equities research analysts also recently issued research reports about the stock. 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 research report on Friday, October 4th. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Trading Up 0.2 %

NYSE:BHP opened at $52.47 on Tuesday. BHP Group has a 52 week low of $50.90 and a 52 week high of $69.11. 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 business’s 50 day moving average is $56.44 and its two-hundred day moving average is $56.34.

Institutional Investors Weigh In On BHP Group

Several large investors have recently made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after buying an additional 633,290 shares in the last quarter. Wellington Management Group LLP boosted its position in BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after acquiring an additional 642,765 shares during the period. Bank of Montreal Can grew its stake in shares of BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after purchasing an additional 1,981,008 shares in the last quarter. FMR LLC increased its holdings in shares of BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after purchasing an additional 129,908 shares during the period. Finally, Westwood Global Investments LLC raised its stake in shares of BHP Group by 4.4% during the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock valued at $69,664,000 after purchasing an additional 51,263 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

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.