BHP Group (NYSE:BHP) Upgraded by DZ Bank to Hold Rating

DZ Bank upgraded shares of BHP Group (NYSE:BHP) from a strong sell rating to a hold rating in a research report released on Thursday morning,Zacks.com reports.

BHP has been the subject of several other reports. The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Argus set a $95.00 price target on BHP Group in a report on Monday, April 27th. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Finally, Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have assigned 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 $62.33.

BHP Group Stock Up 1.3%

NYSE:BHP opened at $88.98 on Thursday. BHP Group has a 1 year low of $45.74 and a 1 year high of $91.45. The business has a 50 day simple moving average of $79.02 and a 200-day simple moving average of $70.12. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44.

Institutional Trading of BHP Group

A number of large investors have recently modified their holdings of the company. Bayban purchased a new position in BHP Group during the 4th quarter worth $25,000. Whipplewood Advisors LLC raised its position 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 in the last quarter. Sound Income Strategies LLC raised its position in BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after purchasing an additional 291 shares in the last quarter. Hilton Head Capital Partners LLC bought a new stake in BHP Group during the 4th quarter valued at $26,000. Finally, Garton & Associates Financial Advisors LLC bought a new stake in BHP Group during the 4th quarter valued at $26,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

About BHP Group

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.