BHP Group Limited Sponsored ADR (NYSE:BHP) Stock Has Consensus Target Price of $78.00 According to Brokerages

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have been given a consensus rating of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $78.00.

Several equities research analysts have recently commented on the company. Weiss Ratings raised BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Tuesday. Zacks Research downgraded BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Bank of America decreased their target price on BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a report on Thursday, July 2nd.

BHP Group Price Performance

Shares of BHP Group stock opened at $84.94 on Friday. BHP Group has a 12-month low of $52.18 and a 12-month high of $98.71. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average of $89.05 and a two-hundred day moving average of $84.81.

BHP Group Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were paid a $1.98 dividend. This represents a yield of 438.0%. The ex-dividend date of this dividend was Friday, September 4th.

Hedge Funds Weigh In On BHP Group

Several hedge funds have recently added to or reduced their stakes in the business. Affinity Capital Advisors LLC grew its position in BHP Group by 4.1% in the second quarter. Affinity Capital Advisors LLC now owns 3,822 shares of the mining company’s stock worth $320,000 after acquiring an additional 152 shares in the last quarter. Williams & Novak LLC raised its holdings in shares of BHP Group by 3.7% during the 2nd quarter. Williams & Novak LLC now owns 4,862 shares of the mining company’s stock valued at $405,000 after purchasing an additional 173 shares in the last quarter. Parrish Capital LLC raised its holdings in shares of BHP Group by 1.7% during the 3rd quarter. Parrish Capital LLC now owns 10,256 shares of the mining company’s stock valued at $870,000 after purchasing an additional 174 shares in the last quarter. Persium Advisors LLC raised its holdings in shares of BHP Group by 1.3% during the 1st quarter. Persium Advisors LLC now owns 15,489 shares of the mining company’s stock valued at $1,127,000 after purchasing an additional 196 shares in the last quarter. Finally, Traveka Wealth LLC lifted its stake in shares of BHP Group by 4.1% in the 1st quarter. Traveka Wealth LLC now owns 5,078 shares of the mining company’s stock valued at $369,000 after purchasing an additional 201 shares during the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. Its principal activities include the exploration, development and production of mineral resources, with a portfolio focused on commodities that support infrastructure, electrification and economic growth.

The company is a major producer of iron ore, which it supplies to steelmakers, and copper, used in electrical equipment, construction and renewable-energy technologies. BHP has also been involved in metallurgical coal and potash, an agricultural nutrient.