BHP Group Limited Sponsored ADR (NYSE:BHP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have earned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $62.3333.

A number of equities analysts have issued reports on BHP shares. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Wall Street Zen cut shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a research note on Friday, May 15th.

Hedge Funds Weigh In On BHP Group

A number of hedge funds and other institutional investors have recently made changes to their positions in BHP. Parallel Advisors LLC boosted its position in shares of BHP Group by 1.3% during the fourth quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock worth $727,000 after purchasing an additional 150 shares in the last quarter. Bailard Inc. boosted its position in shares of BHP Group by 1.4% during the fourth quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock worth $748,000 after purchasing an additional 174 shares in the last quarter. Addison Advisors LLC grew its stake in BHP Group by 31.8% in the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after acquiring an additional 181 shares during the period. Naviter Wealth LLC grew its stake in BHP Group by 0.4% in the third quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock valued at $2,827,000 after acquiring an additional 191 shares during the period. Finally, Persium Advisors LLC grew its stake in BHP Group by 1.3% in the first quarter. Persium Advisors LLC now owns 15,489 shares of the mining company’s stock valued at $1,127,000 after acquiring an additional 196 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Price Performance

BHP opened at $90.90 on Monday. BHP Group has a one year low of $45.74 and a one year high of $93.70. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The company’s 50 day simple moving average is $82.72 and its 200-day simple moving average is $72.57.

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.