BHP Group Limited Sponsored ADR (NYSE:BHP) Receives $78.00 Consensus Target Price from Analysts

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $78.00.

BHP has been the topic of several analyst reports. Bank of America decreased their price target 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. Weiss Ratings raised shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a report on Thursday, July 2nd. Finally, Wall Street Zen lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd.

BHP Group Trading Down 1.1%

BHP Group stock opened at $95.27 on Friday. The stock has a 50-day moving average price of $86.13 and a 200 day moving average price of $81.71. BHP Group has a 52 week low of $51.83 and a 52 week high of $98.71. 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 Dividend Announcement

The firm also recently announced a dividend, which will be paid on Wednesday, September 23rd. Investors of record on Friday, September 4th will be given a dividend of $1.98 per share. The ex-dividend date is Friday, September 4th. This represents a yield of 404.0%.

Institutional Trading of BHP Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bayban acquired a new position in shares of BHP Group during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of BHP Group in the fourth quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in BHP Group in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC grew its holdings in BHP Group by 8,320.0% in the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after purchasing an additional 416 shares during the period. Finally, Addison Advisors LLC increased its position in BHP Group by 31.8% during the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock worth $45,000 after purchasing an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Company Profile

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.