BHP Group (NYSE:BHP) Downgraded to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of BHP Group (NYSE:BHP) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday morning.

Separately, Jefferies Financial Group dropped their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Trading Down 1.6 %

BHP Group stock opened at $51.10 on Wednesday. The business’s 50 day simple moving average is $49.81 and its 200 day simple moving average is $53.17. BHP Group has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BHP. Barclays PLC boosted its holdings in shares of BHP Group by 93.7% in the third quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after acquiring an additional 109,337 shares during the period. FMR LLC boosted its stake in BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after purchasing an additional 129,908 shares during the period. JPMorgan Chase & Co. grew its holdings in BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after buying an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of BHP Group by 17.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after buying an additional 22,677 shares during the period. Finally, XY Capital Ltd lifted its holdings in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.