Analysts Set BHP Group Limited Sponsored ADR (NYSE:BHP) Target Price at $56.00

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $56.00.

A number of research analysts have recently commented on the stock. Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, December 30th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Finally, Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th.

BHP Group Price Performance

BHP Group stock opened at $66.00 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. BHP Group has a one year low of $39.73 and a one year high of $66.51. The business has a fifty day moving average price of $58.76 and a 200-day moving average price of $55.62.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Caldwell Trust Co purchased a new stake in BHP Group in the second quarter worth about $31,000. Hilltop National Bank bought a new position in BHP Group in the second quarter worth approximately $32,000. Salomon & Ludwin LLC grew its holdings in BHP Group by 3,040.9% during the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after purchasing an additional 669 shares during the period. JFS Wealth Advisors LLC increased its holdings in BHP Group by 68.9% in the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. Finally, Ameriflex Group Inc. raised its position in shares of BHP Group by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after purchasing an additional 359 shares during the period. 3.79% of the stock is currently owned by institutional investors.

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.