Shares of BHP Group Limited (NYSE:BHP - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $68.00.
BHP has been the subject of a number of analyst reports. Jefferies Financial Group cut 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. Sanford C. Bernstein raised BHP Group from a "market perform" rating to an "outperform" rating in a report on Monday, September 16th. Argus raised BHP Group to a "strong-buy" rating in a report on Thursday, September 19th. Finally, StockNews.com raised BHP Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 26th.
Get Our Latest Stock Report on BHP
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in BHP. Bank of Montreal Can raised its holdings in shares of BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock valued at $134,442,000 after buying an additional 1,981,008 shares during the last quarter. XY Capital Ltd grew its position in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock worth $57,245,000 after buying an additional 768,972 shares during the period. Wellington Management Group LLP grew its position in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock worth $348,041,000 after buying an additional 642,765 shares during the period. Fisher Asset Management LLC grew its position in shares of BHP Group by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock worth $1,362,996,000 after buying an additional 633,290 shares during the period. Finally, Mediolanum International Funds Ltd bought a new stake in BHP Group during the 3rd quarter worth approximately $33,458,000. 3.79% of the stock is owned by institutional investors.
BHP Group Stock Performance
Shares of NYSE BHP traded up $2.36 during midday trading on Monday, reaching $53.76. 3,184,558 shares of the company traded hands, compared to its average volume of 2,450,559. The stock's 50-day simple moving average is $55.50 and its 200-day simple moving average is $55.84. BHP Group has a 12 month low of $50.90 and a 12 month high of $69.11. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.
BHP Group Company Profile
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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.
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