Erste Group Bank Boosts Earnings Estimates for BHP Group

BHP Group Limited Sponsored ADR (NYSE:BHP) – Research analysts at Erste Group Bank lifted their FY2026 earnings estimates for shares of BHP Group in a research report issued to clients and investors on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now expects that the mining company will earn $5.08 per share for the year, up from their previous forecast of $5.04. The consensus estimate for BHP Group’s current full-year earnings is $5.09 per share.

BHP has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Argus set a $95.00 price objective on BHP Group in a research note on Monday, April 27th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. Finally, The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $78.00.

BHP Group Stock Performance

BHP Group stock opened at $90.08 on Wednesday. The firm’s fifty day simple moving average is $84.85 and its 200-day simple moving average is $79.66. 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 1-year low of $51.83 and a 1-year high of $93.83.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Morgan Stanley increased its position in BHP Group by 22.8% in the 4th quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock worth $833,117,000 after buying an additional 2,562,747 shares during the period. SIH Partners LLLP grew its stake in shares of BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after acquiring an additional 1,677,739 shares during the last quarter. Bank of Montreal Can increased its position in BHP Group by 264.4% during the fourth quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company’s stock worth $82,018,000 after acquiring an additional 985,794 shares during the period. Bank of America Corp DE raised its stake in BHP Group by 25.2% during the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after purchasing an additional 697,316 shares during the last quarter. Finally, Main Street Research LLC bought a new stake in BHP Group in the 1st quarter valued at $37,767,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

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.