Shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $97.83 and last traded at $97.2210, with a volume of 3964831 shares trading hands. The stock had previously closed at $97.03.
Analyst Ratings Changes
A number of brokerages have recently issued reports on BHP. Citigroup restated a "neutral" rating on shares of BHP Group in a research report on Monday, June 8th. Argus set a $95.00 price target on shares of BHP Group in a research note on Monday, April 27th. 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. Bank of America dropped their price objective 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. Finally, DZ Bank raised shares of BHP Group from a "strong sell" rating to a "hold" rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $78.00.
Get Our Latest Research Report on BHP
BHP Group Trading Up 0.2%
The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $85.58 and a two-hundred day simple moving average of $81.04.
Hedge Funds Weigh In On BHP Group
Large investors have recently bought and sold shares of the company. Morgan Stanley increased its stake in shares of BHP Group by 22.8% during the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company's stock worth $833,117,000 after acquiring an additional 2,562,747 shares during the period. SIH Partners LLLP lifted its position in BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company's stock valued at $103,511,000 after purchasing an additional 1,677,739 shares during the period. Bank of Montreal Can lifted its position in BHP Group by 264.4% in the fourth quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company's stock valued at $82,018,000 after purchasing an additional 985,794 shares during the period. Bank of America Corp DE boosted its holdings in BHP Group by 25.2% in 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 purchasing an additional 697,316 shares in the last quarter. Finally, Main Street Research LLC purchased a new stake in BHP Group in the 1st quarter valued at approximately $37,767,000. Hedge funds and other institutional investors own 3.79% of the company's stock.
About BHP Group
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider BHP Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BHP Group wasn't on the list.
While BHP Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
