BHP Group Limited (NYSE:BHP) Receives Average Recommendation of “Hold” from Analysts

BHP Group Limited (NYSE:BHPGet Free Report) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $50.00.

BHP has been the topic of a number of recent analyst reports. Liberum Capital reiterated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Citigroup assumed coverage on BHP Group in a research report on Friday, May 31st. They set a “buy” rating on the stock. Finally, Barclays restated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th.

View Our Latest Stock Analysis on BHP

BHP Group Price Performance

Shares of BHP stock opened at $56.58 on Monday. BHP Group has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The business’s 50 day moving average price is $58.05 and its 200-day moving average price is $59.96. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Eagle Bay Advisors LLC purchased a new position in BHP Group during the fourth quarter valued at $28,000. Rise Advisors LLC purchased a new position in BHP Group during the first quarter valued at $29,000. WFA Asset Management Corp purchased a new position in BHP Group during the first quarter valued at $31,000. Montag A & Associates Inc. purchased a new position in BHP Group during the fourth quarter valued at $38,000. Finally, Viking Fund Management LLC purchased a new position in BHP Group during the first quarter valued at $33,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Company Profile

(Get Free Report

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BHP)

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