FY2027 EPS Estimates for BHP Group Cut by Erste Group Bank

BHP Group Limited Sponsored ADR (NYSE:BHP) – Analysts at Erste Group Bank lowered their FY2027 earnings per share estimates for BHP Group in a note issued to investors on Friday, June 5th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will post earnings per share of $5.28 for the year, down from their previous forecast of $5.33. The consensus estimate for BHP Group’s current full-year earnings is $5.13 per share.

BHP has been the subject of several other research reports. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Argus set a $95.00 price objective on BHP Group in a research report on Monday, April 27th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.33.

BHP Group Price Performance

Shares of NYSE BHP opened at $83.04 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The stock has a fifty day moving average price of $82.06 and a 200 day moving average price of $72.05. BHP Group has a 1-year low of $45.74 and a 1-year high of $93.70.

Institutional Trading of BHP Group

Hedge funds have recently added to or reduced their stakes in the business. Paradigm Asset Management Co. LLC acquired a new stake in BHP Group in the 3rd quarter worth about $1,345,000. Abbington Investment Group boosted its stake in BHP Group by 45.6% in the 4th quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock worth $4,183,000 after buying an additional 21,700 shares during the last quarter. Fisher Asset Management LLC boosted its stake in BHP Group by 1.3% in the 3rd quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock worth $1,290,593,000 after buying an additional 307,397 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in BHP Group by 1,769.3% in 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 buying an additional 439,304 shares during the last quarter. Finally, Factory Mutual Insurance Co. acquired a new stake in BHP Group in the 3rd quarter worth about $4,976,000. 3.79% of the stock is owned by institutional investors and hedge funds.

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.