BHP Group (NYSE:BHP) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of BHP Group (NYSE:BHP) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other equities analysts have also recently issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Argus set a $95.00 target price on shares of BHP Group in a research report on Monday, April 27th. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Friday, July 17th. Finally, DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $78.00.

BHP Group Stock Performance

BHP stock opened at $83.54 on Friday. The firm has a 50-day moving average price of $84.85 and a 200-day moving average price of $78.64. BHP Group has a 12 month low of $51.13 and a 12 month high of $93.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

Institutional Trading of BHP Group

Institutional investors have recently modified their holdings of the business. Nolet Wealth Management LLC bought a new position in BHP Group during the 2nd quarter worth $244,000. Fulton Bank N.A. bought a new stake in shares of BHP Group in the 2nd quarter valued at about $212,000. Sapient Capital LLC grew its position in shares of BHP Group by 8.7% in the 2nd quarter. Sapient Capital LLC now owns 3,582 shares of the mining company’s stock valued at $298,000 after buying an additional 287 shares during the last quarter. Affinity Capital Advisors LLC increased its stake 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 buying an additional 152 shares during the period. Finally, Valeo Financial Advisors LLC increased its stake in shares of BHP Group by 23.0% in the second quarter. Valeo Financial Advisors LLC now owns 8,282 shares of the mining company’s stock valued at $690,000 after buying an additional 1,549 shares during the period. Institutional investors own 3.79% of the company’s stock.

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.