FY2027 EPS Forecast for BHP Group Increased by Analyst

BHP Group Limited Sponsored ADR (NYSE:BHP) – Equities researchers at Erste Group Bank raised their FY2027 earnings estimates for shares of BHP Group in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings per share of $5.04 for the year, up from their prior estimate of $4.98. The consensus estimate for BHP Group’s current full-year earnings is $5.02 per share. Erste Group Bank also issued estimates for BHP Group’s FY2028 earnings at $4.86 EPS.

BHP has been the subject of a number of other research reports. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Tuesday, October 13th. Weiss Ratings raised shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Wall Street Zen lowered BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $78.00.

BHP Group Stock Up 4.3%

Shares of BHP Group stock opened at $82.56 on Wednesday. The firm’s 50 day moving average price is $87.46 and its 200-day moving average price is $81.06. BHP Group has a 52-week low of $52.18 and a 52-week high of $98.71.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BHP. D.A. Davidson & CO. grew its position in shares of BHP Group by 17.8% during the 3rd quarter. D.A. Davidson & CO. now owns 31,787 shares of the mining company’s stock valued at $2,697,000 after acquiring an additional 4,813 shares during the period. VestGen Advisors LLC increased its stake in shares of BHP Group by 2.6% in the 3rd quarter. VestGen Advisors LLC now owns 7,143 shares of the mining company’s stock valued at $606,000 after purchasing an additional 184 shares in the last quarter. Convergence Financial LLC purchased a new position in shares of BHP Group in the 3rd quarter valued at about $385,000. SYM FINANCIAL Corp acquired a new position in BHP Group in the 3rd quarter worth about $220,000. Finally, Oppenheimer & Co. Inc. raised its holdings in BHP Group by 5.1% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 29,949 shares of the mining company’s stock worth $2,541,000 after purchasing an additional 1,446 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were paid a $1.98 dividend. The ex-dividend date was Friday, September 4th. This represents a yield of 438.0%.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and operates large-scale mineral assets, with core products including copper, iron ore, metallurgical coal and potash. Its commodities are used in steelmaking, construction, manufacturing, agriculture and technologies supporting the energy transition.

BHP’s principal operations are located in Australia, Chile, Canada and Brazil. Major assets include Western Australia Iron Ore, the Escondida and Spence copper operations in Chile, Olympic Dam in South Australia and the Jansen potash project in Saskatchewan, Canada.