Erste Group Bank Forecasts Weaker Earnings for BHP Group

BHP Group Limited Sponsored ADR (NYSE:BHP) – Research analysts at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for shares of BHP Group in a note issued to investors on Tuesday, May 12th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will earn $5.33 per share for the year, down from their previous forecast of $5.38. The consensus estimate for BHP Group’s current full-year earnings is $5.00 per share.

Other equities analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research report on Friday. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Argus set a $95.00 target price on BHP Group in a research note on Monday, April 27th. Finally, Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, BHP Group presently has an average rating of “Hold” and an average price target of $62.33.

BHP Group Trading Down 2.6%

Shares of BHP stock opened at $81.87 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. BHP Group has a twelve month low of $45.74 and a twelve month high of $91.45. The company’s 50-day moving average price is $76.61 and its 200-day moving average price is $68.51.

Institutional Trading of BHP Group

Several institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new position in shares of BHP Group during the first quarter worth $102,000. Guardian Partners Inc. raised its holdings in shares of BHP Group by 15.3% in the 1st quarter. Guardian Partners Inc. now owns 122,177 shares of the mining company’s stock valued at $8,908,000 after buying an additional 16,224 shares during the period. Amundi lifted its stake in BHP Group by 1.3% during the 1st quarter. Amundi now owns 93,081 shares of the mining company’s stock worth $6,771,000 after acquiring an additional 1,151 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in BHP Group by 60.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 5,386 shares of the mining company’s stock worth $392,000 after acquiring an additional 2,033 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in 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 valued at $90,153,000 after acquiring an additional 188,446 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

About BHP Group

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.