BHP Group Limited Sponsored ADR (NYSE:BHP) Receives $78.00 Average PT from Analysts

BHP Group Limited Sponsored ADR (NYSE:BHP) has received a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $78.00.

Several equities analysts recently issued reports on the company. Bank of America decreased their price objective on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. 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 reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd.

BHP Group Stock Up 0.0%

NYSE:BHP opened at $86.30 on Wednesday. BHP Group has a 1 year low of $51.83 and a 1 year high of $98.71. The stock has a 50-day moving average price of $88.34 and a two-hundred day moving average price of $83.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.48.

BHP Group Announces Dividend

The company also recently declared a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th will be issued a $1.98 dividend. This represents a dividend yield of 438.0%. The ex-dividend date is Friday, September 4th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its stake in BHP Group by 4.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 55,237 shares of the mining company’s stock valued at $4,602,000 after acquiring an additional 2,227 shares in the last quarter. Tidal Investments LLC boosted its position in BHP Group by 28.8% during the 2nd quarter. Tidal Investments LLC now owns 204,473 shares of the mining company’s stock worth $17,035,000 after acquiring an additional 45,759 shares during the last quarter. RFG Advisory LLC bought a new position in shares of BHP Group during the 2nd quarter worth approximately $307,000. NewEdge Advisors LLC grew its stake in shares of BHP Group by 5.3% during the 2nd quarter. NewEdge Advisors LLC now owns 84,718 shares of the mining company’s stock worth $7,058,000 after acquiring an additional 4,263 shares in the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of BHP Group by 22.2% in the second quarter. Baird Financial Group Inc. now owns 41,056 shares of the mining company’s stock valued at $3,420,000 after purchasing an additional 7,457 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and produces commodities that support industrial activity, infrastructure and the energy transition, with operations and projects spanning Australia, Chile, Brazil and other regions.

BHP’s principal products include iron ore, copper and metallurgical coal. Its iron ore business operates primarily in Western Australia, while its copper portfolio includes major mining operations in Chile and the Olympic Dam complex in South Australia.