BHP Group Limited Sponsored ADR (NYSE:BHP) Given Consensus Rating of “Hold” by Brokerages

BHP Group Limited Sponsored ADR (NYSE:BHP) has been given an average recommendation of “Hold” by the nine research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $56.00.

Several brokerages have recently issued reports on BHP. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, December 30th. Finally, Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th.

Institutional Investors Weigh In On BHP Group

Several hedge funds have recently added to or reduced their stakes in BHP. SIH Partners LLLP raised its stake in shares of BHP Group by 937.5% during the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after buying an additional 1,677,739 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in BHP Group during the second quarter worth about $68,953,000. Bank of America Corp DE raised its position in BHP Group by 25.2% during the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after acquiring an additional 697,316 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in BHP Group in the 3rd quarter worth approximately $27,234,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of BHP Group by 1,769.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock worth $25,875,000 after purchasing an additional 439,304 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of BHP stock opened at $63.98 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The business has a fifty day moving average of $58.34 and a 200 day moving average of $55.47. BHP Group has a 1 year low of $39.73 and a 1 year high of $65.09.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.