BHP Group (NYSE:BHP) Upgraded at StockNews.com

StockNews.com upgraded shares of BHP Group (NYSE:BHP) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

Other research analysts have also recently issued reports about the stock. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Jefferies Financial Group reduced their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Finally, Argus raised shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, BHP Group currently has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Price Performance

BHP opened at $48.62 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $123.29 billion, a P/E ratio of 10.52 and a beta of 0.95. The stock has a 50-day moving average price of $51.53 and a 200-day moving average price of $54.46. BHP Group has a 12-month low of $48.06 and a 12-month high of $64.04.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BHP. Barclays PLC increased its position in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock valued at $14,042,000 after buying an additional 109,337 shares during the period. FMR LLC boosted its position in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after acquiring an additional 129,908 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of BHP Group by 17.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock worth $9,513,000 after acquiring an additional 22,677 shares during the period. JPMorgan Chase & Co. raised its position in shares of BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after acquiring an additional 55,095 shares in the last quarter. Finally, XY Capital Ltd lifted its stake in shares of BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares during the period. 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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.