BHP Group (NYSE:BHP) Rating Increased to Strong-Buy at StockNews.com

BHP Group (NYSE:BHP) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

Several other equities research analysts also recently commented on the stock. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Finally, Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Trading Up 1.2 %

NYSE BHP opened at $51.80 on Tuesday. 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 stock’s 50-day moving average price is $56.37 and its two-hundred day moving average price is $56.27.

Institutional Investors Weigh In On BHP Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of BHP Group in the 1st quarter valued at approximately $1,953,000. XY Capital Ltd grew its position in BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares in the last quarter. Ausbil Investment Management Ltd acquired a new position in shares of BHP Group during the 3rd quarter worth $2,360,000. Chartwell Investment Partners LLC acquired a new position in shares of BHP Group during the 3rd quarter worth $9,830,000. Finally, SG Americas Securities LLC raised its holdings in shares of BHP Group by 477.0% during the 2nd quarter. SG Americas Securities LLC now owns 209,883 shares of the mining company’s stock valued at $11,982,000 after purchasing an additional 173,510 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

About BHP Group

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.