BHP Group (NYSE:BHP) Rating Lowered to “Buy” at StockNews.com

BHP Group (NYSE:BHP) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

Separately, Jefferies Financial Group dropped their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Up 1.0 %

Shares of BHP Group stock opened at $50.06 on Friday. The stock’s 50-day simple moving average is $50.87 and its 200-day simple moving average is $54.21. BHP Group has a 52 week low of $48.06 and a 52 week high of $63.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC grew its holdings in BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after acquiring an additional 109,337 shares in the last quarter. FMR LLC raised its stake in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after acquiring an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after purchasing an additional 55,095 shares during the period. Charles Schwab Investment Management Inc. grew its stake in BHP Group by 17.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock worth $9,513,000 after buying an additional 22,677 shares during the last quarter. Finally, XY Capital Ltd lifted its stake in BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after buying an additional 768,972 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Company Profile

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