BHP Group Limited (NYSE:BHP) Receives Consensus Recommendation of "Moderate Buy" from Analysts

BHP Group Limited (NYSE:BHP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $68.00.

BHP has been the subject of several recent analyst reports. Jefferies Financial Group downgraded BHP Group from a "buy" rating to a "hold" rating and cut their price objective for the company from $72.00 to $68.00 in a report on Friday, October 4th. Argus upgraded shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Sanford C. Bernstein raised shares of BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. Finally, StockNews.com raised shares of BHP Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 26th.

Hedge Funds Weigh In On BHP Group

Several institutional investors and hedge funds have recently modified their holdings of BHP. Bank of New York Mellon Corp grew its stake in BHP Group by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 131,296 shares of the mining company's stock valued at $7,496,000 after buying an additional 3,005 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of BHP Group by 74.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,752 shares of the mining company's stock valued at $557,000 after purchasing an additional 4,161 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of BHP Group during the second quarter worth approximately $47,000. Rothschild Investment LLC acquired a new stake in BHP Group during the 2nd quarter worth approximately $57,000. Finally, Archer Investment Corp boosted its stake in BHP Group by 888.9% in the 2nd quarter. Archer Investment Corp now owns 890 shares of the mining company's stock valued at $51,000 after purchasing an additional 800 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Down 0.8 %

BHP traded down $0.40 on Friday, hitting $48.81. 3,249,014 shares of the company were exchanged, compared to its average volume of 2,929,607. 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's fifty day moving average is $52.47 and its 200-day moving average is $54.83. The company has a market cap of $123.77 billion, a PE ratio of 10.56 and a beta of 0.95. BHP Group has a 12 month low of $48.54 and a 12 month high of $66.79.

About BHP Group

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.