BHP Group Limited Sponsored ADR (NYSE:BHP) Stock Has Consensus Target Price of $78.00 According to Analysts

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been given an average recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $78.00.

BHP has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a report on Thursday, July 2nd. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research report on Tuesday. Wall Street Zen lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings upgraded BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Finally, Bank of America dropped their price objective on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd.

BHP Group Price Performance

BHP stock opened at $82.92 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. BHP Group has a one year low of $52.18 and a one year high of $98.71. The company has a 50 day moving average price of $88.82 and a two-hundred day moving average price of $85.00.

BHP Group Dividend Announcement

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

Institutional Investors Weigh In On BHP Group

Institutional investors have recently bought and sold shares of the stock. Retirement Planning Co of New England Inc. raised its stake in BHP Group by 2.6% during the third quarter. Retirement Planning Co of New England Inc. now owns 5,073 shares of the mining company’s stock worth $430,000 after purchasing an additional 130 shares during the period. Affinity Capital Advisors LLC boosted its holdings in shares of BHP Group by 4.1% in the 2nd quarter. Affinity Capital Advisors LLC now owns 3,822 shares of the mining company’s stock valued at $320,000 after purchasing an additional 152 shares during the last quarter. Williams & Novak LLC boosted its holdings in shares of BHP Group by 3.7% in the 2nd quarter. Williams & Novak LLC now owns 4,862 shares of the mining company’s stock valued at $405,000 after purchasing an additional 173 shares during the last quarter. Parrish Capital LLC grew its stake in shares of BHP Group by 1.7% during the 3rd quarter. Parrish Capital LLC now owns 10,256 shares of the mining company’s stock valued at $870,000 after buying an additional 174 shares during the period. Finally, Persium Advisors LLC grew its stake in shares of BHP Group by 1.3% during the 1st quarter. Persium Advisors LLC now owns 15,489 shares of the mining company’s stock valued at $1,127,000 after buying an additional 196 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. Its principal activities include the exploration, development and production of mineral resources, with a portfolio focused on commodities that support infrastructure, electrification and economic growth.

The company is a major producer of iron ore, which it supplies to steelmakers, and copper, used in electrical equipment, construction and renewable-energy technologies. BHP has also been involved in metallurgical coal and potash, an agricultural nutrient.