BHP Group Limited Sponsored ADR (BHP) – What Are Researchers Thinking About This Stock?

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have earned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $78.00.

A number of equities research analysts recently commented on the stock. Bank of America dropped their price objective on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a report on Monday, June 22nd. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Wall Street Zen cut BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings raised BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BHP. Main Street Research LLC acquired a new stake in shares of BHP Group in the 1st quarter valued at approximately $37,767,000. Legacy Wealth Asset Management LLC grew its stake in shares of BHP Group by 119.7% in the third quarter. Legacy Wealth Asset Management LLC now owns 32,654 shares of the mining company’s stock valued at $2,770,000 after buying an additional 17,793 shares in the last quarter. Tidal Investments LLC grew its stake in shares of BHP Group by 28.8% in the second quarter. Tidal Investments LLC now owns 204,473 shares of the mining company’s stock valued at $17,035,000 after buying an additional 45,759 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in shares of BHP Group in the first quarter valued at $18,591,000. Finally, Icon Advisers Inc. Co. increased its holdings in BHP Group by 47.5% during the first quarter. Icon Advisers Inc. Co. now owns 59,000 shares of the mining company’s stock worth $4,292,000 after buying an additional 19,000 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Trading Up 0.3%

Shares of BHP opened at $83.15 on Friday. BHP Group has a twelve month low of $52.18 and a twelve month high of $98.71. 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 price is $88.68 and its two-hundred day moving average price is $84.99.

BHP Group Dividend Announcement

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

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.