BHP Group Limited (NYSE:BHP) Receives $68.00 Consensus Price Target from Brokerages

Shares of BHP Group Limited (NYSE:BHP) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $68.00.

Several analysts recently issued reports on BHP shares. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 28th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Finally, Argus raised BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th.

Hedge Funds Weigh In On BHP Group

Large investors have recently made changes to their positions in the business. Addenda Capital Inc. lifted its holdings in shares of BHP Group by 27.1% during the first quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock valued at $6,494,000 after purchasing an additional 23,968 shares during the last quarter. Virtu Financial LLC bought a new stake in BHP Group in the 1st quarter worth approximately $1,953,000. Quantbot Technologies LP grew its position in BHP Group by 104.7% in the 1st quarter. Quantbot Technologies LP now owns 32,822 shares of the mining company’s stock worth $1,894,000 after purchasing an additional 16,788 shares during the period. Range Financial Group LLC grew its position in BHP Group by 302.6% in the 1st quarter. Range Financial Group LLC now owns 34,166 shares of the mining company’s stock worth $1,971,000 after purchasing an additional 25,680 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in BHP Group in the 1st quarter worth approximately $759,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Up 0.8 %

Shares of NYSE:BHP opened at $56.17 on Friday. The stock’s 50-day moving average price is $56.06 and its 200-day moving average price is $56.88. BHP Group has a 12-month low of $50.90 and a 12-month high of $69.11. The stock has a market capitalization of $142.26 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 3.95 and a beta of 0.96. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

BHP Group Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Thursday, October 3rd. Stockholders of record on Friday, September 13th were issued a dividend of $1.465 per share. This represents a dividend yield of 5.2%. This is a positive change from BHP Group’s previous Semi-Annual dividend of $1.44. The ex-dividend date of this dividend was Friday, September 13th. BHP Group’s dividend payout ratio (DPR) is presently 62.08%.

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.