Analysts Set BHP Group Limited (NYSE:BHP) Price Target at $53.00

Shares of BHP Group Limited (NYSE:BHPGet Free Report) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $53.00.

Several research analysts have recently weighed in on BHP shares. Jefferies Financial Group decreased their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 18th.

Get Our Latest Stock Report on BHP Group

Hedge Funds Weigh In On BHP Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Eastern Bank purchased a new stake in BHP Group in the 3rd quarter worth $26,000. Sound Income Strategies LLC grew its position in shares of BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. Farmers & Merchants Investments Inc. bought a new stake in BHP Group during the 3rd quarter valued at approximately $50,000. Versant Capital Management Inc purchased a new position in BHP Group in the 4th quarter worth approximately $40,000. Finally, Union Bancaire Privee UBP SA bought a new position in BHP Group in the 4th quarter worth approximately $46,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of BHP opened at $49.75 on Tuesday. BHP Group has a 12 month low of $48.06 and a 12 month high of $63.21. The business’s fifty day simple moving average is $50.39 and its two-hundred day simple moving average is $53.68. 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 company has a market cap of $126.14 billion, a price-to-earnings ratio of 11.15 and a beta of 0.95.

About BHP Group

(Get Free Report

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.

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Analyst Recommendations for BHP Group (NYSE:BHP)

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