BHP Group Limited (NYSE:BHP) Given Average Recommendation of “Moderate Buy” by Brokerages

BHP Group Limited (NYSE:BHP) has been assigned an average rating of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $68.00.

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the company 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 note on Thursday, September 19th.

BHP Group Trading Down 1.5 %

Shares of BHP Group stock opened at $51.66 on Monday. The firm has a 50-day simple moving average of $54.80 and a two-hundred day simple moving average of $55.71. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group has a fifty-two week low of $50.90 and a fifty-two week high of $69.11.

Institutional Investors Weigh In On BHP Group

A number of large investors have recently made changes to their positions in BHP. Eastern Bank acquired a new stake in shares of BHP Group in the 3rd quarter worth $26,000. Asset Dedication LLC lifted its holdings in BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of BHP Group during the 2nd quarter worth $27,000. Sound Income Strategies LLC raised its holdings in BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares during the period. Finally, Addison Advisors LLC lifted its position in BHP Group by 1,187.0% in the second quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock valued at $34,000 after buying an additional 546 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other 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.