BHP Group (NYSE:BHP) Given Hold (C) Rating at Weiss Ratings

Key Points

• BHP Group's stock received a "hold (c)" rating from Weiss Ratings, with a consensus rating of "Hold" and an average target price of $48.50.
• The company's earnings report revealed earnings per share of $2.00, falling short of the expected $2.09, while revenue beat estimates at $26.23 billion.
• Institutional investors have recently modified their holdings, with Goldman Sachs increasing its position in BHP Group by 43% in the first quarter.

BHP Group (NYSE:BHP - Get Free Report)'s stock had its "hold (c)" rating reiterated by investment analysts at Weiss Ratings in a research note issued to investors on Friday,Weiss Ratings reports.

Other equities analysts have also issued research reports about the stock. Citigroup restated a "neutral" rating on shares of BHP Group in a report on Wednesday, August 20th. Macquarie lowered shares of BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. BMO Capital Markets lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. Finally, Berenberg Bank reiterated a "sell" rating and issued a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $48.50.

BHP Group Trading Up 0.6%

Shares of NYSE BHP traded up $0.36 during trading on Friday, hitting $55.65. 2,569,449 shares of the company traded hands, compared to its average volume of 3,059,431. BHP Group has a 1 year low of $39.73 and a 1 year high of $58.51. The company has a 50-day moving average price of $54.95 and a 200-day moving average price of $51.32. The firm has a market capitalization of $141.24 billion, a P/E ratio of 12.65, a P/E/G ratio of 3.88 and a beta of 0.80. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

BHP Group (NYSE:BHP - Get Free Report) last posted its earnings results on Monday, August 18th. The mining company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.09). The company had revenue of $26.23 billion for the quarter, compared to analyst estimates of $26.04 billion. On average, equities analysts predict that BHP Group will post 4.03 EPS for the current year.

Institutional Investors Weigh In On BHP Group

Several hedge funds and other institutional investors have recently modified their holdings of BHP. Goldman Sachs Group Inc. grew its position in shares of BHP Group by 43.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company's stock valued at $240,334,000 after buying an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of BHP Group during the 2nd quarter valued at about $68,953,000. Fisher Asset Management LLC grew its position in shares of BHP Group by 1.9% during the 2nd quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company's stock valued at $1,098,484,000 after buying an additional 429,330 shares during the last quarter. Norges Bank bought a new stake in shares of BHP Group during the 2nd quarter valued at about $20,262,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of BHP Group by 3,599.1% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company's stock valued at $12,666,000 after buying an additional 253,881 shares during the last quarter. 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.

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