BHP Group (NYSE:BHP) Reaches New 12-Month Low - Should You Sell?

Shares of BHP Group Limited (NYSE:BHP - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $50.84 and last traded at $50.84, with a volume of 53068 shares traded. The stock had previously closed at $51.11.

Analyst Ratings Changes

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

BHP Group Stock Performance

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 stock has a 50-day moving average price of $54.46 and a 200-day moving average price of $55.54. The company has a market capitalization of $129.32 billion, a price-to-earnings ratio of 11.04 and a beta of 0.95.

Hedge Funds Weigh In On BHP Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fisher Asset Management LLC lifted its stake 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 last quarter. Wellington Management Group LLP raised its holdings in BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock valued at $348,041,000 after acquiring an additional 642,765 shares during the period. Bank of Montreal Can lifted its position in BHP Group by 532.2% during the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company's stock worth $134,442,000 after acquiring an additional 1,981,008 shares during the last quarter. FMR LLC boosted its holdings 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 acquiring an additional 129,908 shares during the period. Finally, Westwood Global Investments LLC grew its position in shares of BHP Group by 4.4% in the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company's stock valued at $69,664,000 after purchasing an additional 51,263 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

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.