BHP Group (NYSE:BHP) Upgraded at Sanford C. Bernstein

BHP Group (NYSE:BHP) was upgraded by stock analysts at Sanford C. Bernstein from a “market perform” rating to an “outperform” rating in a research note issued to investors on Monday, MarketBeat.com reports.

Other analysts have also recently issued research reports about the stock. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 28th. Citigroup assumed coverage on shares of BHP Group in a report on Friday, May 31st. They issued a “buy” rating on the stock. Finally, Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Three research 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’s stock. Based on data from MarketBeat, BHP Group presently has an average rating of “Moderate Buy”.

BHP Group Price Performance

BHP Group stock opened at $53.46 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group has a 1 year low of $50.90 and a 1 year high of $69.11. The firm’s 50-day moving average is $54.43 and its 200-day moving average is $56.70.

Hedge Funds Weigh In On BHP Group

Large investors have recently bought and sold shares of the stock. Shorepath Capital Management LLC acquired a new position in BHP Group during the 4th quarter valued at about $4,354,000. Addenda Capital Inc. grew its stake in shares of BHP Group by 27.1% in the 1st quarter. Addenda Capital Inc. now owns 112,562 shares of the mining company’s stock worth $6,494,000 after purchasing an additional 23,968 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of BHP Group in the 1st quarter worth approximately $1,953,000. Quantbot Technologies LP grew its stake in shares of 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 last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of BHP Group by 2.9% in the 4th quarter. Fisher Asset Management LLC now owns 19,864,440 shares of the mining company’s stock worth $1,356,940,000 after purchasing an additional 551,575 shares during the last quarter. Institutional investors and hedge funds 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.