BHP Group FY2027 EPS Forecast Reduced by Erste Group Bank

BHP Group Limited Sponsored ADR (NYSE:BHP) – Stock analysts at Erste Group Bank dropped their FY2027 EPS estimates for shares of BHP Group in a note issued to investors on Tuesday, September 8th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings per share of $5.10 for the year, down from their prior estimate of $5.12. The consensus estimate for BHP Group’s current full-year earnings is $5.06 per share.

Several other research firms have also weighed in on BHP. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings raised BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Finally, Bank of America reduced their target price on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $78.00.

BHP Group Stock Performance

BHP stock opened at $87.33 on Friday. BHP Group has a 1 year low of $51.83 and a 1 year high of $98.71. The company has a fifty day simple moving average of $87.81 and a 200 day simple moving average of $82.89. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43.

BHP Group Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Friday, September 4th will be given a dividend of $1.98 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a yield of 438.0%.

Institutional Investors Weigh In On BHP Group

Several hedge funds and other institutional investors have recently made changes to their positions in BHP. Bayban bought a new position in shares of BHP Group in the fourth quarter worth about $25,000. Whipplewood Advisors LLC boosted its stake in BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after purchasing an additional 416 shares during the period. Hilton Head Capital Partners LLC bought a new stake in BHP Group during the 4th quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in BHP Group in the 4th quarter valued at approximately $26,000. Finally, Ascentis Independent Advisors acquired a new stake in BHP Group in the 1st quarter valued at approximately $45,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and produces commodities that support industrial activity, infrastructure and the energy transition, with operations and projects spanning Australia, Chile, Brazil and other regions.

BHP’s principal products include iron ore, copper and metallurgical coal. Its iron ore business operates primarily in Western Australia, while its copper portfolio includes major mining operations in Chile and the Olympic Dam complex in South Australia.