BHP Group Limited Sponsored ADR (NYSE:BHP) Receives $48.50 Average PT from Brokerages

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $48.50.

A number of brokerages recently commented on BHP. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Finally, Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th.

BHP Group Stock Up 0.6%

BHP Group stock opened at $58.97 on Monday. BHP Group has a fifty-two week low of $39.73 and a fifty-two week high of $61.27. The firm’s 50-day simple moving average is $56.24 and its 200 day simple moving average is $53.69. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46.

Hedge Funds Weigh In On BHP Group

Large investors have recently modified their holdings of the company. Caldwell Trust Co bought a new position in BHP Group in the 2nd quarter worth about $31,000. Hilltop National Bank purchased a new stake in BHP Group during the second quarter valued at about $32,000. Salomon & Ludwin LLC boosted its holdings in shares of BHP Group by 3,040.9% in the 3rd quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock worth $38,000 after purchasing an additional 669 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in shares of BHP Group by 68.9% during the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after buying an additional 284 shares in the last quarter. Finally, Ameriflex Group Inc. boosted its stake in BHP Group by 100.0% in the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after buying an additional 359 shares in the last quarter. 3.79% of the stock is currently 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.