Versant Capital Management Inc Makes New Investment in BHP Group Limited (NYSE:BHP)

Versant Capital Management Inc bought a new stake in shares of BHP Group Limited (NYSE:BHP) during the fourth quarter, Holdings Channel.com reports. The fund bought 825 shares of the mining company’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Dedication LLC boosted its position in BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares in the last quarter. Eastern Bank bought a new stake in shares of BHP Group during the third quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in BHP Group in the second quarter worth $27,000. Sound Income Strategies LLC raised its holdings in BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in BHP Group during the second quarter valued at $47,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group reduced their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Down 0.7 %

Shares of BHP Group stock opened at $48.49 on Tuesday. The company has a 50-day simple moving average of $52.14 and a two-hundred day simple moving average of $54.69. BHP Group Limited has a 52-week low of $48.43 and a 52-week high of $66.13. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The stock has a market capitalization of $122.96 billion, a PE ratio of 10.50 and a beta of 0.95.

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.