BHP Group (NYSE:BHP) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of BHP Group (NYSE:BHP) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.

Several other equities research analysts also recently issued reports on the stock. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Bank of America reduced their target price on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a report on Monday, June 22nd. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, BHP Group presently has a consensus rating of “Hold” and an average target price of $78.00.

BHP Group Trading Down 1.6%

NYSE BHP opened at $84.50 on Friday. BHP Group has a one year low of $49.68 and a one year high of $93.83. The company’s 50 day moving average price is $84.87 and its 200 day moving average price is $78.39. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

Institutional Trading of BHP Group

A number of hedge funds have recently made changes to their positions in BHP. Bayban acquired a new position in shares of BHP Group during the fourth quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new stake in BHP Group during the 4th quarter valued at $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in BHP Group during the 4th quarter valued at $26,000. Sound Income Strategies LLC increased its stake in BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after buying an additional 291 shares during the period. Finally, Whipplewood Advisors LLC increased its stake in BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after buying an additional 416 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

More BHP Group News

Here are the key news stories impacting BHP Group this week:

• Positive Sentiment: Iron ore prices climbed as traders assessed the potential for supply disruptions from labor action at BHP’s Australian export facilities. Higher prices could support BHP’s realized pricing and partially offset shipment risks. Iron Ore Climbs as Traders Weigh Supply Risks From BHP Strike
• Positive Sentiment: A Reuters analysis said BHP is increasingly shifting its portfolio toward copper, a metal expected to benefit from electrification and energy-transition demand. The strategy may improve long-term growth and diversification, although it also increases execution and capital-allocation considerations. Iron Ore Giants BHP and Rio Are Morphing Into Copper Plays
• Neutral Sentiment: Unusually large options activity was reported in BHP shares, but the available information does not establish whether traders were positioning for upside or downside. BHP Group Target of Unusually Large Options Trading
• Negative Sentiment: Workers at BHP’s Port Hedland iron ore operations plan a 24-hour strike on August 8–9 if a labor agreement is not reached. Additional rolling strikes could delay shipments, pressure production volumes and raise costs at a strategically important export hub. BHP Port Hedland Iron Ore Workers to Strike August 8-9, Union Says
• Negative Sentiment: Erste Group Bank reduced its FY2026 and FY2027 EPS forecasts for BHP to $5.04 from $5.14 and $5.18, respectively. The revised FY2027 estimate is below the $5.09 consensus, indicating softer expected earnings momentum. BHP Group Earnings Estimate Revisions

BHP Group Company Profile

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.