BHP Group (NYSE:BHP) Cut to "Buy" at StockNews.com

BHP Group (NYSE:BHP - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Saturday.

Separately, Jefferies Financial Group decreased their price objective on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $50.06 on Friday. BHP Group has a 12 month low of $48.06 and a 12 month high of $63.21. The company's 50-day moving average price is $50.97 and its two-hundred day moving average price is $54.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Bleakley Financial Group LLC raised its holdings in BHP Group by 4.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company's stock worth $317,000 after buying an additional 203 shares during the period. Huntington National Bank raised its holdings in BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock worth $85,000 after buying an additional 203 shares during the period. Essex Savings Bank raised its holdings in BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company's stock worth $365,000 after buying an additional 219 shares during the period. Pinnacle West Asset Management Inc. raised its holdings in BHP Group by 2.8% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company's stock worth $506,000 after buying an additional 225 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in BHP Group by 4.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company's stock worth $373,000 after buying an additional 263 shares during the period. Institutional investors own 3.79% of the company's stock.

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.