Brokerages Set BHP Group Limited Sponsored ADR (NYSE:BHP) Target Price at $48.50

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have received an average recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $48.50.

BHP has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, October 8th. Zacks Research upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th.

Institutional Trading of BHP Group

Several hedge funds have recently modified their holdings of the stock. Allworth Financial LP boosted its stake in BHP Group by 11.3% during the third quarter. Allworth Financial LP now owns 4,638 shares of the mining company’s stock worth $259,000 after acquiring an additional 472 shares in the last quarter. Investment Research Partners LLC bought a new stake in BHP Group in the third quarter valued at $375,000. BlueCrest Capital Management Ltd acquired a new position in shares of BHP Group during the third quarter valued at about $699,000. CIBC Private Wealth Group LLC boosted its position in shares of BHP Group by 4.6% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 757,688 shares of the mining company’s stock worth $42,241,000 after purchasing an additional 33,337 shares in the last quarter. Finally, Ovata Capital Management Ltd boosted its position in shares of BHP Group by 21.3% during the 3rd quarter. Ovata Capital Management Ltd now owns 22,687 shares of the mining company’s stock worth $1,275,000 after purchasing an additional 3,986 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Up 0.1%

BHP stock opened at $59.34 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The company’s fifty day simple moving average is $56.42 and its 200 day simple moving average is $53.87. BHP Group has a 12-month low of $39.73 and a 12-month high of $61.27.

BHP Group Company Profile

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.