BHP Group Limited Sponsored ADR (NYSE:BHP) Receives Average Rating of “Hold” from Brokerages

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $62.3333.

Several brokerages have recently weighed in on BHP. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Argus set a $95.00 target price on shares of BHP Group in a report on Monday, April 27th. Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a report on Friday. Finally, Sanford C. Bernstein dropped their price objective on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th.

Hedge Funds Weigh In On BHP Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bayban bought a new position in shares of BHP Group during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC bought a new position in shares of BHP Group during the 4th quarter valued at about $26,000. Garton & Associates Financial Advisors LLC bought a new position in shares of BHP Group during the 4th quarter valued at about $26,000. Sound Income Strategies LLC boosted its position in shares of BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Finally, Whipplewood Advisors LLC boosted its position in shares of BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after purchasing an additional 416 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP stock opened at $84.08 on Thursday. The firm has a fifty day simple moving average of $76.41 and a 200-day simple moving average of $68.34. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group has a twelve month low of $45.74 and a twelve month high of $91.45.

BHP Group Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, March 26th. Investors of record on Friday, March 6th were given a $1.46 dividend. This represents a yield of 399.0%. The ex-dividend date was Friday, March 6th.

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.