BHP Group Limited Sponsored ADR (BHP) - What Are Investment Firms Thinking About This Stock?

Key Points

• Analysts have a consensus “Hold” rating on BHP, with eight holds, two buys and one strong buy. The average 12-month price target is $78, below the reported share price of $86.64.
• Recent analyst updates were mixed: Zacks Research downgraded the stock to “Hold,” Bank of America cut its price target to $91 and maintained “Neutral,” while Deutsche Bank reaffirmed its “Buy” rating.
• BHP shares have traded between $52.18 and $98.71 over the past year, with 50-day and 200-day moving averages of $89.03 and $84.46, respectively. Institutional investors and hedge funds own 3.79% of the stock.

BHP Group Limited Sponsored ADR (NYSE:BHP - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven analysts that are presently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $78.00.

Several research firms have recently commented on BHP. Zacks Research lowered shares of BHP Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Bank of America dropped their price objective on shares of BHP Group from $93.00 to $91.00 and set a "neutral" rating on the stock in a research note on Monday, June 22nd. Weiss Ratings raised shares of BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 18th. Citigroup restated a "neutral" rating on shares of BHP Group in a research note on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of BHP Group in a report on Thursday, July 2nd.

BHP Group Stock Performance

BHP Group stock opened at $86.64 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. BHP Group has a 12 month low of $52.18 and a 12 month high of $98.71. The company has a fifty day moving average price of $89.03 and a two-hundred day moving average price of $84.46.

BHP Group Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were given a dividend of $1.98 per share. The ex-dividend date was Friday, September 4th. This represents a yield of 438.0%.

Institutional Investors Weigh In On BHP Group

Large investors have recently added to or reduced their stakes in the stock. Affinity Capital Advisors LLC boosted its holdings in BHP Group by 4.1% in the 2nd quarter. Affinity Capital Advisors LLC now owns 3,822 shares of the mining company's stock valued at $320,000 after purchasing an additional 152 shares during the period. Williams & Novak LLC increased its holdings in shares of BHP Group by 3.7% during the second quarter. Williams & Novak LLC now owns 4,862 shares of the mining company's stock worth $405,000 after purchasing an additional 173 shares during the period. Parrish Capital LLC increased its holdings in shares of BHP Group by 1.7% during the third quarter. Parrish Capital LLC now owns 10,256 shares of the mining company's stock worth $870,000 after purchasing an additional 174 shares during the period. Persium Advisors LLC raised its position in shares of BHP Group by 1.3% in the first quarter. Persium Advisors LLC now owns 15,489 shares of the mining company's stock valued at $1,127,000 after buying an additional 196 shares in the last quarter. Finally, Traveka Wealth LLC boosted its stake in shares of BHP Group by 4.1% in the first quarter. Traveka Wealth LLC now owns 5,078 shares of the mining company's stock valued at $369,000 after buying an additional 201 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

About BHP Group

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. Its principal activities include the exploration, development and production of mineral resources, with a portfolio focused on commodities that support infrastructure, electrification and economic growth.

The company is a major producer of iron ore, which it supplies to steelmakers, and copper, used in electrical equipment, construction and renewable-energy technologies. BHP has also been involved in metallurgical coal and potash, an agricultural nutrient.

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