Erste Group Bank Reduces Earnings Estimates for BHP Group

BHP Group Limited Sponsored ADR (NYSE:BHP) – Analysts at Erste Group Bank lowered their FY2027 EPS estimates for BHP Group in a note issued to investors on Friday, September 18th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will earn $5.02 per share for the year, down from their prior estimate of $5.10. The consensus estimate for BHP Group’s current full-year earnings is $5.06 per share. Erste Group Bank also issued estimates for BHP Group’s FY2028 earnings at $4.84 EPS.

A number of other brokerages also recently issued reports on BHP. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Thursday, September 10th. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Bank of America decreased their price target on BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research note on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Finally, Weiss Ratings raised shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $78.00.

BHP Group Stock Down 0.1%

Shares of BHP stock opened at $86.17 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average is $88.44 and its two-hundred day moving average is $83.14. BHP Group has a 12 month low of $52.18 and a 12 month high of $98.71.

BHP Group Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th will be paid a $1.98 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a dividend yield of 438.0%.

Institutional Investors Weigh In On BHP Group

A number of hedge funds have recently added to or reduced their stakes in BHP. Parallel Advisors LLC raised its stake in shares of BHP Group by 1.3% during the 4th quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock worth $727,000 after purchasing an additional 150 shares in the last quarter. Affinity Capital Advisors LLC increased its holdings in BHP Group by 4.1% during the second quarter. Affinity Capital Advisors LLC now owns 3,822 shares of the mining company’s stock worth $320,000 after buying an additional 152 shares during the last quarter. Williams & Novak LLC increased its holdings in BHP Group by 3.7% during the second quarter. Williams & Novak LLC now owns 4,862 shares of the mining company’s stock worth $405,000 after buying an additional 173 shares during the last quarter. Persium Advisors LLC raised its position in BHP Group by 1.3% during the first quarter. Persium Advisors LLC now owns 15,489 shares of the mining company’s stock worth $1,127,000 after acquiring an additional 196 shares in the last quarter. Finally, Traveka Wealth LLC lifted its stake in BHP Group by 4.1% in the first quarter. Traveka Wealth LLC now owns 5,078 shares of the mining company’s stock valued at $369,000 after acquiring an additional 201 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

About BHP Group

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.