BHP Group Limited (NYSE:BHP) Given Average Rating of “Moderate Buy” by Analysts

BHP Group Limited (NYSE:BHP) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $53.00.

Several equities analysts have recently commented on the company. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Jefferies Financial Group decreased their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th.

BHP Group Stock Up 0.0 %

NYSE:BHP opened at $49.89 on Tuesday. The stock has a 50 day moving average of $50.59 and a 200-day moving average of $53.85. BHP Group has a 52 week low of $48.06 and a 52 week high of $63.21. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On BHP Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eastern Bank acquired a new stake in BHP Group in the third quarter worth approximately $26,000. Sound Income Strategies LLC lifted its position in BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares during the period. Versant Capital Management Inc acquired a new stake in BHP Group in the fourth quarter worth approximately $40,000. Union Bancaire Privee UBP SA acquired a new stake in BHP Group in the fourth quarter worth approximately $46,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in BHP Group in the third quarter worth approximately $50,000. 3.79% of the stock is owned by 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.