Erste Group Bank Forecasts Stronger Earnings for BHP Group

BHP Group Limited Sponsored ADR (NYSE:BHP) – Stock analysts at Erste Group Bank boosted their FY2026 earnings per share (EPS) estimates for BHP Group in a research report issued to clients and investors on Friday, June 5th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will earn $5.08 per share for the year, up from their prior forecast of $5.02. The consensus estimate for BHP Group’s current full-year earnings is $5.13 per share.

A number of other brokerages also recently commented on BHP. Argus set a $95.00 target price on BHP Group in a report on Monday, April 27th. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Bank of America downgraded BHP Group from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.33.

BHP Group Trading Up 6.2%

Shares of BHP Group stock opened at $88.08 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The business has a 50 day moving average of $82.37 and a 200 day moving average of $72.30. BHP Group has a 52 week low of $45.74 and a 52 week high of $93.70.

Hedge Funds Weigh In On BHP Group

A number of institutional investors have recently added to or reduced their stakes in BHP. Morgan Stanley raised its holdings in BHP Group by 22.8% in the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock worth $833,117,000 after purchasing an additional 2,562,747 shares in the last quarter. SIH Partners LLLP raised its holdings in BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after purchasing an additional 1,677,739 shares in the last quarter. Bank of Montreal Can raised its holdings in BHP Group by 264.4% in the fourth quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company’s stock worth $82,018,000 after purchasing an additional 985,794 shares in the last quarter. Bank of America Corp DE raised its holdings in BHP Group by 25.2% in the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after purchasing an additional 697,316 shares in the last quarter. Finally, Main Street Research LLC purchased a new stake in shares of BHP Group in the first quarter worth $37,767,000. Institutional investors own 3.79% of the company’s stock.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.