Erste Group Bank Decreases Earnings Estimates for BHP Group

BHP Group Limited Sponsored ADR (NYSE:BHP) – Erste Group Bank dropped their FY2027 EPS estimates for shares of BHP Group in a report released on Tuesday, May 12th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will post earnings per share of $5.33 for the year, down from their previous forecast of $5.38. The consensus estimate for BHP Group’s current full-year earnings is $5.00 per share.

BHP has been the subject of several other reports. Sanford C. Bernstein lowered their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research note on Monday, March 9th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research note on Friday. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $62.33.

BHP Group Stock Performance

BHP Group stock opened at $81.87 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group has a twelve month low of $45.74 and a twelve month high of $91.45. The stock’s fifty day simple moving average is $76.61 and its 200-day simple moving average is $68.51.

Institutional Investors Weigh In On BHP Group

Several institutional investors have recently added to or reduced their stakes in the business. Bayban purchased a new position in BHP Group in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC lifted its position in shares of BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after buying an additional 416 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of BHP Group by 222.1% in the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after buying an additional 291 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new position in shares of BHP Group in the 4th quarter valued at $26,000. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of BHP Group in the 4th quarter valued at $26,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

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.