Euro Pacific Asset Management LLC Makes New Investment in BHP Group Limited Sponsored ADR $BHP

Key Points

• Euro Pacific Asset Management LLC has acquired 55,552 shares of BHP Group Limited Sponsored ADR, amounting to approximately $2,675,000, in the second quarter.
• BHP Group recently announced an increase in its semi-annual dividend to $1.185 per share, up from the previous $1.00, demonstrating a healthy dividend yield.
• Analysts have mixed opinions on BHP Group, with one Strong Buy rating, seven Hold ratings, and one Sell rating, indicating a cautious outlook on the stock's performance.

Euro Pacific Asset Management LLC bought a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 55,552 shares of the mining company's stock, valued at approximately $2,675,000.

Several other large investors also recently modified their holdings of BHP. Prime Capital Investment Advisors LLC increased its position in shares of BHP Group by 3.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 5,523 shares of the mining company's stock worth $266,000 after purchasing an additional 184 shares during the period. Valeo Financial Advisors LLC grew its stake in BHP Group by 14.3% during the second quarter. Valeo Financial Advisors LLC now owns 9,381 shares of the mining company's stock worth $451,000 after buying an additional 1,173 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in BHP Group by 5.8% in the 2nd quarter. DAVENPORT & Co LLC now owns 30,643 shares of the mining company's stock valued at $1,474,000 after buying an additional 1,676 shares during the period. Marks Group Wealth Management Inc increased its holdings in BHP Group by 13.4% in the 2nd quarter. Marks Group Wealth Management Inc now owns 5,340 shares of the mining company's stock valued at $257,000 after buying an additional 632 shares during the period. Finally, QRG Capital Management Inc. raised its position in shares of BHP Group by 20.4% in the 2nd quarter. QRG Capital Management Inc. now owns 189,927 shares of the mining company's stock valued at $9,134,000 after buying an additional 32,141 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Up 0.9%

Shares of BHP opened at $55.96 on Tuesday. The stock has a market capitalization of $142.03 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.92 and a beta of 0.80. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $61.03. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The stock has a fifty day moving average of $54.04 and a 200-day moving average of $50.62.

BHP Group Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a $1.185 dividend. This is an increase from BHP Group's previous semi-annual dividend of $1.00. This represents a dividend yield of 441.0%. The ex-dividend date of this dividend was Friday, September 5th. BHP Group's payout ratio is currently 53.86%.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent analyst reports. Berenberg Bank reissued a "sell" rating and issued a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. BMO Capital Markets downgraded BHP Group from an "outperform" rating to a "market perform" rating in a report on Sunday, July 27th. Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. Weiss Ratings restated a "hold (c)" rating on shares of BHP Group in a research report on Saturday, September 27th. Finally, Argus lowered BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BHP Group presently has an average rating of "Hold" and an average target price of $48.50.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.

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