BHP Group Limited Sponsored ADR (NYSE:BHP) Receives $53.00 Average Price Target from Analysts

BHP Group Limited Sponsored ADR (NYSE:BHP - Get Free Report) has earned a consensus rating of "Hold" from the five analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $53.00.

A number of brokerages have commented on BHP. Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Finally, Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th.

Hedge Funds Weigh In On BHP Group

Several hedge funds and other institutional investors have recently made changes to their positions in BHP. Goldman Sachs Group Inc. raised its holdings in BHP Group by 43.0% during the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company's stock worth $240,334,000 after purchasing an additional 1,490,012 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in BHP Group during the second quarter worth approximately $68,953,000. Northern Trust Corp raised its holdings in BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after purchasing an additional 846,963 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in BHP Group by 1,898.9% during the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after purchasing an additional 672,016 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in BHP Group during the fourth quarter worth approximately $25,878,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Up 0.3%

BHP Group stock traded up $0.14 during midday trading on Friday, hitting $51.83. The stock had a trading volume of 3,275,140 shares, compared to its average volume of 2,716,614. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The stock has a market cap of $131.43 billion, a P/E ratio of 11.78 and a beta of 0.80. BHP Group has a 12 month low of $39.73 and a 12 month high of $63.21. The business has a fifty day moving average price of $49.54 and a 200 day moving average price of $49.00.

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.