BHP Group (NYSE:BHP) Stock Price Breaks Above 200-Day Moving Average - Time to Sell?

BHP Group Limited Sponsored ADR (NYSE:BHP - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $81.78 and traded as high as $83.38. BHP Group shares last traded at $82.8520, with a volume of 2,867,663 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BHP shares. Citigroup restated a "neutral" rating on shares of BHP Group in a research report on Tuesday, October 13th. Weiss Ratings raised shares of BHP Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 18th. Zacks Research cut shares of BHP Group from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Finally, Wall Street Zen cut shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, BHP Group has an average rating of "Hold" and a consensus price target of $78.00.

BHP Group Stock Performance

The firm's 50 day moving average price is $84.80 and its 200-day moving average price is $81.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.88.

BHP Group Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were issued a $1.98 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a yield of 438.0%.

Hedge Funds Weigh In On BHP Group

Hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC increased its position in shares of BHP Group by 0.7% in the third quarter. Fisher Asset Management LLC now owns 24,510,291 shares of the mining company's stock valued at $2,079,453,000 after buying an additional 169,171 shares in the last quarter. Royal Bank of Canada raised its stake in shares of BHP Group by 17.9% during the 1st quarter. Royal Bank of Canada now owns 1,239,402 shares of the mining company's stock worth $90,153,000 after buying an additional 188,446 shares during the period. Quantinno Capital Management LP raised its stake in shares of BHP Group by 21.5% during the 1st quarter. Quantinno Capital Management LP now owns 493,604 shares of the mining company's stock worth $35,905,000 after buying an additional 87,378 shares during the period. Ferguson Wellman Capital Management Inc. lifted its position in shares of BHP Group by 1.1% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 261,230 shares of the mining company's stock valued at $22,163,000 after buying an additional 2,811 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in shares of BHP Group by 28.8% during the 2nd quarter. Tidal Investments LLC now owns 204,473 shares of the mining company's stock valued at $17,035,000 after buying an additional 45,759 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

About BHP Group

BHP Group is a global resources company with roots in the Broken Hill Proprietary Company, founded in Australia in 1885. The company is headquartered in Melbourne and operates mines and related businesses across several regions.

BHP's main products include iron ore, copper and metallurgical coal, which are used in steelmaking, construction, manufacturing and other industries. It also has a potash project under development in Canada.

The company's operations and projects span Australia and the Americas, including activities in Chile, Peru and Brazil.

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