FY2027 EPS Forecast for BHP Group Decreased by Analyst

BHP Group Limited Sponsored ADR (NYSE:BHP) – Investment analysts at Erste Group Bank cut their FY2027 earnings per share estimates for BHP Group in a research note issued on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will earn $4.98 per share for the year, down from their previous estimate of $5.02. The consensus estimate for BHP Group’s current full-year earnings is $5.05 per share. Erste Group Bank also issued estimates for BHP Group’s FY2028 earnings at $4.80 EPS.

Several other research firms have also recently commented on BHP. Bank of America lowered their price target on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Wall Street Zen downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings raised shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Finally, Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, BHP Group presently has a consensus rating of “Hold” and an average target price of $78.00.

BHP Group Stock Up 0.1%

NYSE BHP opened at $86.78 on Tuesday. The business’s 50-day moving average price is $89.10 and its 200 day moving average price is $84.70. BHP Group has a twelve month low of $52.18 and a twelve month high of $98.71. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

BHP Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Friday, September 4th were paid a dividend of $1.98 per share. This represents a yield of 438.0%. The ex-dividend date was Friday, September 4th.

Institutional Investors Weigh In On BHP Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada grew its position in BHP Group by 17.9% in the 1st quarter. Royal Bank of Canada now owns 1,239,402 shares of the mining company’s stock valued at $90,153,000 after buying an additional 188,446 shares in the last quarter. Main Street Research LLC acquired a new position in BHP Group during the 1st quarter valued at about $37,767,000. Quantinno Capital Management LP increased its stake in BHP Group by 21.5% during the 1st quarter. Quantinno Capital Management LP now owns 493,604 shares of the mining company’s stock valued at $35,905,000 after buying an additional 87,378 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of BHP Group by 36.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 417,845 shares of the mining company’s stock worth $25,225,000 after buying an additional 111,967 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. raised its position in shares of BHP Group by 1.1% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 261,230 shares of the mining company’s stock worth $22,163,000 after buying an additional 2,811 shares in the last quarter. 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.