BHP Group Limited Sponsored ADR (NYSE:BHP) Receives $53.33 Consensus Target Price from Analysts

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $53.3333.

A number of equities research analysts recently commented on BHP shares. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. Sanford C. Bernstein reduced their price objective on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, December 30th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st.

Institutional Investors Weigh In On BHP Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC boosted its position in shares of BHP Group by 230.0% during the 1st quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock valued at $1,546,000 after acquiring an additional 22,201 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of BHP Group by 20.7% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock worth $660,000 after buying an additional 2,331 shares during the last quarter. MAI Capital Management raised its position in shares of BHP Group by 25.1% during the 2nd quarter. MAI Capital Management now owns 6,091 shares of the mining company’s stock valued at $293,000 after buying an additional 1,224 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of BHP Group by 48.2% during the 2nd quarter. Franklin Resources Inc. now owns 383,043 shares of the mining company’s stock worth $18,421,000 after acquiring an additional 124,625 shares during the last quarter. Finally, AlphaCore Capital LLC bought a new stake in shares of BHP Group during the 2nd quarter worth $44,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Price Performance

BHP opened at $69.51 on Wednesday. BHP Group has a twelve month low of $39.73 and a twelve month high of $83.21. The company’s 50-day moving average price is $72.11 and its two-hundred day moving average price is $62.38. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

BHP Group Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 6th were issued a dividend of $1.46 per share. This represents a yield of 399.0%. The ex-dividend date of this dividend was Friday, March 6th.

BHP Group Company Profile

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.