Analysts Set BHP Group Limited Sponsored ADR (NYSE:BHP) Price Target at $78.00

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have received an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $78.00.

Several equities research analysts have recently weighed in on the company. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Wall Street Zen downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a report on Saturday.

BHP Group Trading Down 1.1%

Shares of NYSE BHP opened at $83.54 on Tuesday. BHP Group has a 52 week low of $51.13 and a 52 week high of $93.83. The business has a 50-day simple moving average of $84.85 and a two-hundred day simple moving average of $78.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

Institutional Investors Weigh In On BHP Group

Large investors have recently added to or reduced their stakes in the business. Nolet Wealth Management LLC bought a new position in BHP Group in the 2nd quarter worth about $244,000. Fulton Bank N.A. purchased a new stake in shares of BHP Group in the 2nd quarter valued at about $212,000. Sapient Capital LLC boosted its position in shares of BHP Group by 8.7% during the 2nd quarter. Sapient Capital LLC now owns 3,582 shares of the mining company’s stock valued at $298,000 after acquiring an additional 287 shares during the last quarter. Affinity Capital Advisors LLC boosted its position in shares of BHP Group by 4.1% during the 2nd quarter. Affinity Capital Advisors LLC now owns 3,822 shares of the mining company’s stock valued at $320,000 after acquiring an additional 152 shares during the last quarter. Finally, Valeo Financial Advisors LLC boosted its position in shares of BHP Group by 23.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 8,282 shares of the mining company’s stock valued at $690,000 after acquiring an additional 1,549 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

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.