BHP Group (NYSE:BHP) Sets New 1-Year Low - What's Next?

Shares of BHP Group Limited (NYSE:BHP - Get Free Report) reached a new 52-week low on Monday . The stock traded as low as $48.73 and last traded at $48.75, with a volume of 363878 shares trading hands. The stock had previously closed at $49.21.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. Sanford C. Bernstein raised shares of BHP Group from a "market perform" rating to an "outperform" rating in a report on Monday, September 16th. Jefferies Financial Group lowered BHP Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Finally, Argus raised BHP Group to a "strong-buy" rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $68.00.

BHP Group Stock Down 0.9 %

The company's fifty day simple moving average is $52.90 and its 200-day simple moving average is $54.97. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The firm has a market capitalization of $123.69 billion, a PE ratio of 10.56 and a beta of 0.95.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company's stock worth $14,042,000 after acquiring an additional 109,337 shares during the last quarter. FMR LLC increased its stake in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock valued at $89,092,000 after purchasing an additional 129,908 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of BHP Group by 17.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company's stock worth $9,513,000 after buying an additional 22,677 shares during the last quarter. XY Capital Ltd lifted its stake in shares of BHP Group by 503.6% during the third 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. Finally, Ausbil Investment Management Ltd purchased a new stake in shares of BHP Group during the third quarter valued at $2,360,000. 3.79% of the stock is owned by institutional investors and hedge funds.

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.