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

Key Points

• Analyst sentiment is mostly neutral: BHP has a consensus “Hold” rating from 10 firms—seven holds, two buys and one strong buy—with an average 12-month price target of $78.
• Recent rating changes have generally shifted toward “Hold”: Zacks Research and Wall Street Zen downgraded their ratings, while Citigroup maintained a neutral view.
• BHP shares opened at $80.16, within a 52-week range of $52.18 to $98.71. The company also paid a dividend of $1.98 per share to eligible shareholders.

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $78.00.

BHP has been the subject of several recent analyst reports. Zacks Research downgraded shares of BHP Group from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Citigroup reiterated a "neutral" rating on shares of BHP Group in a report on Tuesday, October 13th. Weiss Ratings raised shares of BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Tuesday, August 18th. Finally, Wall Street Zen lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd.

Hedge Funds Weigh In On BHP Group

Several large investors have recently made changes to their positions in the business. Whipplewood Advisors LLC increased its position in shares of BHP Group by 8,320.0% during the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company's stock valued at $31,000 after purchasing an additional 416 shares during the period. NFSG Corp raised its stake in shares of BHP Group by 182.9% in the third quarter. NFSG Corp now owns 396 shares of the mining company's stock valued at $34,000 after purchasing an additional 256 shares in the last quarter. West Financial Advisors LLC acquired a new position in shares of BHP Group in the third quarter valued at $44,000. Ascentis Independent Advisors bought a new position in BHP Group in the first quarter worth $45,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in BHP Group in the first quarter worth $54,000. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Stock Performance

NYSE:BHP opened at $80.16 on Thursday. BHP Group has a 12 month low of $52.18 and a 12 month high of $98.71. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.48. The company's 50 day moving average is $85.73 and its 200-day moving average is $81.55.

BHP Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th were given a $1.98 dividend. This represents a dividend yield of 438.0%. The ex-dividend date of this dividend was Friday, September 4th.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and operates large-scale mineral assets, with core products including copper, iron ore, metallurgical coal and potash. Its commodities are used in steelmaking, construction, manufacturing, agriculture and technologies supporting the energy transition.

BHP's principal operations are located in Australia, Chile, Canada and Brazil. Major assets include Western Australia Iron Ore, the Escondida and Spence copper operations in Chile, Olympic Dam in South Australia and the Jansen potash project in Saskatchewan, Canada.

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