Shares of BHP Group PLC (NYSE:BBL) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $52.00.
A number of research analysts have recently commented on BBL shares. UBS Group reaffirmed a “neutral” rating on shares of BHP Group in a research report on Wednesday, October 9th. ValuEngine lowered shares of BHP Group from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. Royal Bank of Canada raised shares of BHP Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, January 7th.
Large investors have recently bought and sold shares of the stock. Griffin Asset Management Inc. acquired a new position in BHP Group in the second quarter worth about $163,000. Tower Research Capital LLC TRC raised its position in BHP Group by 98.8% in the third quarter. Tower Research Capital LLC TRC now owns 4,894 shares of the mining company’s stock worth $210,000 after purchasing an additional 2,432 shares in the last quarter. Eaton Vance Management acquired a new position in BHP Group in the second quarter worth about $220,000. Advisor Partners LLC raised its position in BHP Group by 15.6% in the third quarter. Advisor Partners LLC now owns 5,503 shares of the mining company’s stock worth $236,000 after purchasing an additional 744 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in BHP Group by 50.9% in the third quarter. Pacer Advisors Inc. now owns 5,691 shares of the mining company’s stock worth $244,000 after purchasing an additional 1,920 shares in the last quarter. 4.33% of the stock is owned by hedge funds and other 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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