BHP Group Limited Sponsored ADR (NYSE:BHP) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts hold a neutral view on BHP: Seven of 10 analysts rate the stock “Hold,” while two recommend buying and one gives a “Strong Buy.” The average 12-month price target is $78.00.
• BHP shares opened at $84.81, compared with a 52-week range of $51.83 to $98.71; the stock’s 50-day and 200-day moving averages are $88.00 and $83.01, respectively.
• Institutional investors and hedge funds own 3.79% of BHP, with several firms recently increasing their positions, including Royal Bank of Canada, Gabelli Funds and Quantinno Capital Management.

BHP Group Limited Sponsored ADR (NYSE:BHP - Get Free Report) has been given an average rating of "Hold" by the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on 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 equities analysts recently commented on BHP shares. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research report on Thursday, September 10th. Zacks Research downgraded shares of BHP Group from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Wall Street Zen lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 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. Finally, DZ Bank upgraded shares of BHP Group from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 28th.

Institutional Trading of BHP Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of BHP Group by 1.1% in the fourth quarter. Fisher Asset Management LLC now owns 23,402,474 shares of the mining company's stock valued at $1,412,807,000 after purchasing an additional 252,825 shares during the period. Royal Bank of Canada raised its stake in shares of BHP Group by 17.9% in the first quarter. Royal Bank of Canada now owns 1,239,402 shares of the mining company's stock worth $90,153,000 after purchasing an additional 188,446 shares during the last quarter. Gabelli Funds LLC lifted its holdings in shares of BHP Group by 18.3% during the fourth quarter. Gabelli Funds LLC now owns 524,400 shares of the mining company's stock worth $31,658,000 after purchasing an additional 81,000 shares during the period. Main Street Research LLC acquired a new stake in shares of BHP Group during the first quarter worth about $37,767,000. Finally, Quantinno Capital Management LP boosted its position in BHP Group by 21.5% in the first quarter. Quantinno Capital Management LP now owns 493,604 shares of the mining company's stock valued at $35,905,000 after buying an additional 87,378 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Stock Performance

Shares of NYSE BHP opened at $84.81 on Wednesday. BHP Group has a fifty-two week low of $51.83 and a fifty-two week 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 business has a 50-day simple moving average of $88.00 and a two-hundred day simple moving average of $83.01.

BHP Group Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, September 23rd. Investors of record on Friday, September 4th will be given a $1.98 dividend. This represents a dividend yield of 438.0%. The ex-dividend date of this dividend is Friday, September 4th.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and produces commodities that support industrial activity, infrastructure and the energy transition, with operations and projects spanning Australia, Chile, Brazil and other regions.

BHP's principal products include iron ore, copper and metallurgical coal. Its iron ore business operates primarily in Western Australia, while its copper portfolio includes major mining operations in Chile and the Olympic Dam complex in South Australia.

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