BHP Group Limited (NYSE:BHP) Receives $53.00 Consensus Target Price from Brokerages

Shares of BHP Group Limited (NYSE:BHP - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $53.00.

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price target 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, January 6th. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th.

BHP Group Stock Down 0.8 %

Shares of BHP Group stock traded down $0.43 during trading on Friday, reaching $50.67. 2,286,270 shares of the company were exchanged, compared to its average volume of 2,419,421. The business has a 50-day moving average price of $49.80 and a 200-day moving average price of $53.11. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group has a twelve month low of $48.06 and a twelve month high of $63.21.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be given a dividend of $1.00 per share. The ex-dividend date is Friday, March 7th. This represents a yield of 4.8%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BHP. Barclays PLC grew its holdings in shares of BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company's stock worth $14,042,000 after purchasing an additional 109,337 shares in the last quarter. FMR LLC grew its stake in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock worth $89,092,000 after buying an additional 129,908 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after buying an additional 55,095 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of BHP Group by 17.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock valued at $9,513,000 after buying an additional 22,677 shares in the last quarter. Finally, XY Capital Ltd lifted its holdings 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 acquiring an additional 768,972 shares during the period. 3.79% of the stock is owned by institutional investors.

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.