Erste Group Bank Boosts Earnings Estimates for BHP Group

Key Points

• Erste Group Bank raised its FY2026 earnings estimate for BHP Group to $5.08 per share from $5.04, broadly in line with the $5.09 consensus forecast.
• Analyst sentiment remains mixed, with BHP holding a consensus “Hold” rating and an average price target of $78.00, despite recent upgrades from some firms.
• BHP shares opened at $90.08, near their 52-week high of $93.83, while hedge funds and institutional investors own 3.79% of the stock.

BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) - Equities research analysts at Erste Group Bank increased their FY2026 earnings estimates for BHP Group in a research report issued on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings of $5.08 per share for the year, up from their prior forecast of $5.04. The consensus estimate for BHP Group's current full-year earnings is $5.09 per share.

Several other analysts also recently issued reports on BHP. Bank of America cut their target price 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. DZ Bank upgraded BHP Group from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of BHP Group in a research report on Thursday, July 2nd. The Goldman Sachs Group raised BHP Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, April 17th. Finally, Argus set a $95.00 price objective on BHP Group in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $78.00.

BHP Group Stock Performance

Shares of NYSE:BHP opened at $90.08 on Wednesday. The firm has a 50 day simple moving average of $84.85 and a 200 day simple moving average of $79.66. BHP Group has a 52 week low of $51.83 and a 52 week high of $93.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65.

Hedge Funds Weigh In On BHP Group

Several institutional investors and hedge funds have recently modified their holdings of BHP. Bayban acquired a new stake in BHP Group during the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new position in BHP Group in the 4th quarter worth about $26,000. Garton & Associates Financial Advisors LLC acquired a new position in BHP Group in the 4th quarter worth about $26,000. Sound Income Strategies LLC raised its stake in shares of BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company's stock worth $27,000 after purchasing an additional 291 shares in the last quarter. Finally, Whipplewood Advisors LLC raised its stake in shares of BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company's stock worth $31,000 after purchasing an additional 416 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.

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