BHP Group Limited (NYSE:BHP) Receives $50.00 Consensus Price Target from Analysts

Shares of BHP Group Limited (NYSE:BHP) have been given a consensus rating of “Hold” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $50.00.

A number of research firms have weighed in on BHP. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. StockNews.com cut shares of BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Citigroup began coverage on shares of BHP Group in a report on Friday, May 31st. They issued a “buy” rating for the company.

BHP Group Trading Up 0.7 %

BHP opened at $56.66 on Monday. BHP Group has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $58.14 and a two-hundred day moving average of $60.03.

Institutional Trading of BHP Group

Institutional investors and hedge funds have recently modified their holdings of the stock. International Assets Investment Management LLC increased its stake in shares of BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after purchasing an additional 457,760 shares in the last quarter. Moran Wealth Management LLC increased its stake in shares of BHP Group by 10.3% during the fourth quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock worth $30,717,000 after purchasing an additional 42,021 shares in the last quarter. Shorepath Capital Management LLC acquired a new position in BHP Group during the fourth quarter worth about $4,354,000. XY Capital Ltd boosted its position in BHP Group by 422.1% during the fourth quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock worth $8,714,000 after acquiring an additional 103,134 shares during the last quarter. Finally, Morgan Stanley boosted its position in BHP Group by 2.8% during the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after acquiring an additional 126,643 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

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