BHP Group Limited Sponsored ADR (NYSE:BHP) Receives $78.00 Average PT from Analysts

BHP Group Limited Sponsored ADR (NYSE:BHP) has been given an average recommendation of “Hold” by the ten ratings firms that are covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $78.00.

A number of analysts recently commented on BHP shares. Bank of America dropped their price objective on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BHP. Parallel Advisors LLC lifted its stake in shares of BHP Group by 1.3% during the 4th quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock worth $727,000 after purchasing an additional 150 shares during the period. Affinity Capital Advisors LLC grew its position in shares of BHP Group by 4.1% in the second 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 period. Williams & Novak LLC grew its position in shares of BHP Group by 3.7% in the second 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 period. Bailard Inc. increased its stake in BHP Group by 1.4% in the fourth quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock valued at $748,000 after purchasing an additional 174 shares during the last quarter. Finally, Addison Advisors LLC increased 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 purchasing an additional 181 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

NYSE BHP opened at $97.22 on Friday. BHP Group has a fifty-two week low of $51.83 and a fifty-two week high of $97.83. The business has a fifty day moving average of $85.58 and a 200-day moving average of $81.04. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.48.

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.