BHP Group Limited (NYSE:BHP) Receives $53.00 Average PT from Brokerages

BHP Group Limited (NYSE:BHP) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $53.00.

A number of research analysts recently weighed in on BHP shares. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Jefferies Financial Group lowered their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th.

BHP Group Price Performance

NYSE:BHP opened at $49.75 on Tuesday. The business’s 50-day moving average is $50.39 and its 200 day moving average is $53.68. BHP Group has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a market capitalization of $126.14 billion, a P/E ratio of 11.15 and a beta of 0.95. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

Institutional Investors Weigh In On BHP Group

A number of institutional investors and hedge funds have recently modified their holdings of BHP. Hourglass Capital LLC lifted its position in shares of BHP Group by 2.2% during the fourth quarter. Hourglass Capital LLC now owns 79,266 shares of the mining company’s stock worth $3,871,000 after purchasing an additional 1,700 shares during the last quarter. Principal Securities Inc. grew its stake in BHP Group by 15.4% in the 4th quarter. Principal Securities Inc. now owns 7,809 shares of the mining company’s stock worth $381,000 after acquiring an additional 1,043 shares in the last quarter. BXM Wealth LLC bought a new stake in BHP Group during the 4th quarter valued at $286,000. Rhumbline Advisers grew its position in shares of BHP Group by 3.4% during the 4th quarter. Rhumbline Advisers now owns 18,846 shares of the mining company’s stock worth $920,000 after buying an additional 628 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new position in shares of BHP Group during the fourth quarter valued at $7,655,000. 3.79% of the stock is owned by 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.