BHP Group (NYSE:BHP) Lifted to “Neutral” at JPMorgan Chase & Co.

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BHP Group (NYSE:BHP) was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Friday, The Fly reports.

A number of other research firms have also recently issued reports on BHP. Macquarie set a $6.00 price objective on Cheetah Mobile and gave the company a “sell” rating in a research report on Tuesday, March 26th. Zacks Investment Research cut Glu Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Citigroup raised their price objective on Martin Marietta Materials from $239.00 to $255.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Finally, UBS Group cut BHP Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. BHP Group has a consensus rating of “Hold” and a consensus price target of $64.00.

BHP opened at $57.24 on Friday. BHP Group has a 12-month low of $43.19 and a 12-month high of $59.02. The company has a 50 day simple moving average of $55.34. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in BHP Group by 0.5% during the 4th quarter. Bank of America Corp DE now owns 5,098,965 shares of the mining company’s stock worth $246,230,000 after purchasing an additional 26,000 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in BHP Group by 273.7% during the 1st quarter. Lazard Asset Management LLC now owns 2,540,159 shares of the mining company’s stock worth $138,870,000 after purchasing an additional 1,860,489 shares during the last quarter. Millennium Management LLC lifted its holdings in BHP Group by 405.6% during the 4th quarter. Millennium Management LLC now owns 1,839,804 shares of the mining company’s stock worth $88,844,000 after purchasing an additional 1,475,921 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in BHP Group by 2.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 1,792,376 shares of the mining company’s stock worth $97,989,000 after purchasing an additional 34,717 shares during the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in BHP Group during the 1st quarter worth approximately $56,537,000. 3.59% of the stock is owned by institutional investors.

BHP Group Company Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BHP)

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