BHP Group Limited Sponsored ADR (NYSE:BHP) Stock Now Rated “Moderate Buy” by Wall Street Analysts

BHP Group Limited Sponsored ADR (NYSE:BHP) has received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $78.00.

Several research firms have weighed in on BHP. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Wall Street Zen cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Tuesday, October 13th. Finally, Weiss Ratings raised BHP Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday.

BHP Group Trading Up 1.0%

NYSE:BHP opened at $81.97 on Thursday. 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 has a 1-year low of $52.18 and a 1-year high of $98.71. The business’s 50-day moving average price is $84.33 and its two-hundred day moving average price is $81.94.

BHP Group Dividend Announcement

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

Institutional Trading of BHP Group

A number of large investors have recently bought and sold shares of the business. Cordatus Wealth Management LLC boosted its holdings in shares of BHP Group by 1.2% in the third quarter. Cordatus Wealth Management LLC now owns 10,222 shares of the mining company’s stock valued at $867,000 after buying an additional 121 shares during the period. Retirement Planning Co of New England Inc. boosted its stake in BHP Group by 2.6% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 5,073 shares of the mining company’s stock worth $430,000 after purchasing an additional 130 shares during the period. Nisa Investment Advisors LLC increased its holdings in BHP Group by 7.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,028 shares of the mining company’s stock worth $172,000 after purchasing an additional 134 shares in the last quarter. Aprio Wealth Management LLC raised its stake in shares of BHP Group by 1.5% in the 3rd quarter. Aprio Wealth Management LLC now owns 9,521 shares of the mining company’s stock valued at $808,000 after purchasing an additional 141 shares during the period. Finally, BOCHK Asset Management Ltd raised its stake in shares of BHP Group by 27.3% in the 3rd quarter. BOCHK Asset Management Ltd now owns 700 shares of the mining company’s stock valued at $59,000 after purchasing an additional 150 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Company Profile

BHP Group is a global resources company with roots in the Broken Hill Proprietary Company, founded in Australia in 1885. The company is headquartered in Melbourne and operates mines and related businesses across several regions. BHP’s main products include iron ore, copper and metallurgical coal, which are used in steelmaking, construction, manufacturing and other industries. It also has a potash project under development in Canada. The company’s operations and projects span Australia and the Americas, including activities in Chile, Peru and Brazil.