Erste Group Bank Forecasts Reduced Earnings for BHP Group

Key Points

• Erste Group Bank lowered BHP Group’s FY2027 EPS forecast to $5.10 from $5.12, though it remains above the current analyst consensus of $5.06.
• Analyst sentiment is mixed, with BHP holding a consensus “Hold” rating and an average price target of $78.00.
• BHP shares opened at $87.33, within a 12-month range of $51.83 to $98.71, while several major institutional investors recently increased their holdings.

BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) - Stock analysts at Erste Group Bank lowered their FY2027 EPS estimates for shares of BHP Group in a report issued on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will earn $5.10 per share for the year, down from their previous estimate of $5.12. The consensus estimate for BHP Group's current full-year earnings is $5.06 per share.

BHP has been the topic of a number of other research reports. DZ Bank upgraded BHP Group from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. Bank of America reduced their price objective on BHP Group from $93.00 to $91.00 and set a "neutral" rating for the company in a research note on Monday, June 22nd. Citigroup reaffirmed a "neutral" rating on shares of BHP Group in a research note on Thursday. Wall Street Zen downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of BHP Group in a report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, BHP Group presently has a consensus rating of "Hold" and a consensus price target of $78.00.

BHP Group Price Performance

NYSE BHP opened at $87.33 on Friday. The firm's 50 day moving average price is $87.81 and its two-hundred day moving average price is $82.89. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43. BHP Group has a twelve month low of $51.83 and a twelve month high of $98.71.

Institutional Trading of BHP Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fisher Asset Management LLC grew its stake in 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 in the last quarter. Morgan Stanley raised its stake in shares of BHP Group by 22.8% during the 4th quarter. Morgan Stanley now owns 13,800,183 shares of the mining company's stock worth $833,117,000 after purchasing an additional 2,562,747 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of BHP Group by 25.2% during the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company's stock valued at $193,197,000 after buying an additional 697,316 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of BHP Group by 5.3% during the 3rd quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company's stock valued at $136,228,000 after buying an additional 123,382 shares during the last quarter. Finally, SIH Partners LLLP grew its stake in shares of BHP Group by 937.5% in the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company's stock valued at $103,511,000 after buying an additional 1,677,739 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.98 per share. This represents a dividend yield of 438.0%. The ex-dividend date 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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