Analysts Set BHP Group Limited Sponsored ADR (NYSE:BHP) Price Target at $62.33

BHP Group Limited Sponsored ADR (NYSE:BHP) has received a consensus rating of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $62.3333.

BHP has been the subject of a number of analyst reports. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a report on Friday, May 15th. Bank of America lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Finally, The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th.

BHP Group Price Performance

Shares of NYSE:BHP opened at $90.90 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The stock’s 50-day moving average price is $82.72 and its 200-day moving average price is $72.43. BHP Group has a 12-month low of $45.74 and a 12-month high of $93.70.

Institutional Investors Weigh In On BHP Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Bayban bought a new stake in shares of BHP Group during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new position in BHP Group during the fourth quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in BHP Group during the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC grew its position in BHP Group by 222.1% in the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after purchasing an additional 291 shares during the period. Finally, Whipplewood Advisors LLC raised its stake 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 buying an additional 416 shares during the last quarter. 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.