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 note issued to investors on Friday.
Separately, 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. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.
View Our Latest Stock Report on BHP Group
BHP Group Stock Performance
Shares of BHP Group stock traded down $0.33 during trading hours on Friday, hitting $48.82. The company's stock had a trading volume of 2,384,073 shares, compared to its average volume of 2,454,179. The business has a fifty day moving average of $50.28 and a 200 day moving average of $53.54. BHP Group has a 1-year low of $48.06 and a 1-year high of $63.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.
Hedge Funds Weigh In On BHP Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BHP. Barclays PLC increased its stake in BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock valued at $14,042,000 after acquiring an additional 109,337 shares during the period. FMR LLC boosted its position in shares of 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 during the period. JPMorgan Chase & Co. grew its holdings in shares of 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 acquiring an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 22,677 shares during the last quarter. Finally, XY Capital Ltd raised its holdings in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock valued at $57,245,000 after acquiring an additional 768,972 shares during the period. 3.79% of the stock is owned by institutional investors.
BHP Group Company Profile
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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.
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