BHP Group Limited (NYSE:BHP - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $53.00.
Several research analysts have weighed in on BHP shares. Jefferies Financial Group lowered their target price 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. StockNews.com cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Friday.
Check Out Our Latest Report on BHP
BHP Group Stock Performance
Shares of BHP Group stock traded down $0.63 during mid-day trading on Tuesday, hitting $49.12. The stock had a trading volume of 1,793,988 shares, compared to its average volume of 2,448,982. The firm has a 50-day moving average of $50.35 and a two-hundred day moving average of $53.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group has a 12-month low of $48.06 and a 12-month high of $63.21.
Institutional Investors Weigh In On BHP Group
Several hedge funds and other institutional investors have recently made changes to their positions in BHP. XY Capital Ltd boosted its stake in shares of 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 in the last quarter. Wellington Management Group LLP raised its holdings in BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock valued at $348,041,000 after acquiring an additional 642,765 shares during the last quarter. Fisher Asset Management LLC increased its stake in BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock valued at $1,362,996,000 after purchasing an additional 633,290 shares during the last quarter. Mediolanum International Funds Ltd acquired a new stake in BHP Group in the 3rd quarter worth about $33,458,000. Finally, International Assets Investment Management LLC boosted its stake in BHP Group by 6,281.5% in the 3rd quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company's stock worth $276,180,000 after buying an additional 437,696 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.
About BHP Group
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Get Free ReportBHP 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.
Further Reading
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