BHP Group (NYSE:BHP) Upgraded at Berenberg Bank

BHP Group (NYSE:BHP) was upgraded by Berenberg Bank from a “sell” rating to a “hold” rating in a research note issued on Thursday, Marketbeat reports.

Several other research analysts also recently weighed in on the company. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a research note on Wednesday, February 18th. Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, December 30th. Finally, Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.33.

BHP Group Stock Up 1.1%

NYSE:BHP opened at $73.52 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group has a 52 week low of $39.73 and a 52 week high of $83.21. The stock’s 50-day moving average price is $72.52 and its 200-day moving average price is $62.82.

Institutional Investors Weigh In On BHP Group

Several hedge funds and other institutional investors have recently made changes to their positions in BHP. Bayban acquired a new stake in shares of BHP Group in the 4th quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of BHP Group during the 4th quarter valued at about $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of BHP Group in the fourth quarter valued at about $26,000. Sound Income Strategies LLC increased its position in BHP Group by 222.1% during the fourth 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 last quarter. Finally, Caldwell Trust Co acquired a new stake in BHP Group during the second quarter worth about $31,000. Institutional investors and hedge funds 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.