BHP Group Limited Sponsored ADR (NYSE:BHP) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been given a consensus rating of “Moderate Buy” by the twelve ratings firms that are covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $69.50.

A number of research firms recently weighed in on BHP. DZ Bank raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Wall Street Zen raised shares of BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. Finally, The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th.

Institutional Investors Weigh In On BHP Group

A number of institutional investors and hedge funds have recently made changes to their positions in BHP. Fisher Asset Management LLC increased its holdings in BHP Group by 1.1% during the fourth quarter. Fisher Asset Management LLC now owns 23,402,474 shares of the mining company’s stock worth $1,412,807,000 after buying an additional 252,825 shares during the last quarter. Morgan Stanley grew its position in shares of BHP Group by 22.8% in the 4th quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock valued at $833,117,000 after acquiring an additional 2,562,747 shares during the period. Bank of America Corp DE grew its position in shares of BHP Group by 25.2% in the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after acquiring an additional 697,316 shares during the period. Northern Trust Corp increased its stake in shares of BHP Group by 5.3% during the 3rd quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock worth $136,228,000 after purchasing an additional 123,382 shares during the last quarter. Finally, SIH Partners LLLP increased its stake in shares of BHP Group by 937.5% during the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after purchasing an additional 1,677,739 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 2.1%

NYSE BHP opened at $79.92 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. BHP Group has a 12-month low of $49.68 and a 12-month high of $93.83. The firm’s 50 day moving average is $85.18 and its 200-day moving average is $76.09.

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.