BHP Group (NYSE:BHP) Downgraded to “Buy” Rating by StockNews.com

StockNews.com cut shares of BHP Group (NYSE:BHP) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.

Separately, Jefferies Financial Group dropped their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Down 1.3 %

BHP opened at $49.12 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group has a 52 week low of $48.06 and a 52 week high of $63.21. The business has a fifty day simple moving average of $50.35 and a 200-day simple moving average of $53.66.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bleakley Financial Group LLC raised its position in BHP Group by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after purchasing an additional 203 shares in the last quarter. Huntington National Bank raised its holdings in BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after acquiring an additional 203 shares in the last quarter. Essex Savings Bank lifted its stake in BHP Group by 3.0% in the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock worth $365,000 after acquiring an additional 219 shares during the last quarter. Pinnacle West Asset Management Inc. grew 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 acquiring an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of BHP Group by 4.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after purchasing an additional 263 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other 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.