BHP Group (NYSE:BHP) Raised to “Strong-Buy” at StockNews.com

BHP Group (NYSE:BHP) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

BHP has been the topic of several other research reports. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and dropped their price target for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.00.

BHP Group Trading Up 1.2 %

BHP stock opened at $51.80 on Tuesday. The firm’s 50-day simple moving average is $56.37 and its 200 day simple moving average is $56.27. BHP Group has a fifty-two week low of $50.90 and a fifty-two week high of $69.11. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

Institutional Trading of BHP Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Asset Dedication LLC grew its holdings in BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after acquiring an additional 451 shares during the period. Eastern Bank acquired a new position in shares of BHP Group in the 3rd quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of BHP Group in the 2nd quarter worth approximately $27,000. Ashton Thomas Private Wealth LLC acquired a new stake in BHP Group during the second quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC boosted its holdings in BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after buying an additional 294 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

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.