BHP Group Limited (NYSE:BHP) Receives $50.00 Consensus Target Price from Brokerages

BHP Group Limited (NYSE:BHP) has been given an average rating of “Hold” by the five brokerages that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $50.00.

Several brokerages have recently issued reports on BHP. Citigroup started coverage on shares of BHP Group in a research report on Friday, May 31st. They issued a “buy” rating on the stock. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th.

BHP Group Trading Down 0.4 %

Shares of NYSE:BHP opened at $53.56 on Tuesday. The business’s 50 day moving average price is $56.58 and its 200-day moving average price is $57.81. BHP Group has a 1 year low of $51.73 and a 1 year high of $69.11. The firm has a market capitalization of $135.66 billion, a price-to-earnings ratio of 10.30, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

Hedge Funds Weigh In On BHP Group

A number of hedge funds have recently modified their holdings of the business. Eagle Bay Advisors LLC acquired a new position in BHP Group in the fourth quarter valued at about $28,000. Asset Dedication LLC lifted its position in shares of BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after purchasing an additional 451 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in BHP Group during the 2nd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BHP Group in the 2nd quarter valued at approximately $27,000. Finally, Rise Advisors LLC purchased a new stake in shares of BHP Group during the first quarter worth $29,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.