FY2027 EPS Estimates for BHP Group Cut by Erste Group Bank

BHP Group Limited Sponsored ADR (NYSE:BHP) – Erste Group Bank dropped their FY2027 earnings per share (EPS) estimates for shares of BHP Group in a research report issued to clients and investors on Friday, June 5th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings of $5.28 per share for the year, down from their previous forecast of $5.33. The consensus estimate for BHP Group’s current full-year earnings is $5.13 per share.

Several other research firms have also weighed in on BHP. DZ Bank raised BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Argus set a $95.00 price objective on BHP Group in a research note on Monday, April 27th. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, BHP Group has an average rating of “Hold” and a consensus price target of $62.33.

BHP Group Price Performance

NYSE BHP opened at $83.04 on Thursday. BHP Group has a 1-year low of $45.74 and a 1-year high of $93.70. 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 business’s 50-day simple moving average is $82.06 and its 200-day simple moving average is $72.05.

Hedge Funds Weigh In On BHP Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bayban acquired a new position in BHP Group during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in BHP Group during the 4th quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in BHP Group during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC lifted its position in BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after acquiring an additional 291 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its position in BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after acquiring an additional 416 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

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.