Brokerages Set BHP Group Limited (NYSE:BHP) PT at $1,904.11

Shares of BHP Group Limited (NYSE:BHPGet Rating) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $1,913.20.

A number of analysts have recently commented on the company. Credit Suisse Group upped their price objective on BHP Group from GBX 2,200 ($26.01) to GBX 2,300 ($27.20) in a report on Wednesday, August 17th. Bank of America upgraded BHP Group from a “neutral” rating to a “buy” rating in a report on Wednesday. Barclays upped their price objective on shares of BHP Group from GBX 2,200 ($26.01) to GBX 2,250 ($26.61) in a research report on Friday, October 21st. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of BHP Group from GBX 2,310 ($27.31) to GBX 2,330 ($27.55) in a research report on Thursday, October 20th.

BHP Group Price Performance

Shares of BHP opened at $60.04 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average of $51.86 and a two-hundred day moving average of $55.68. BHP Group has a fifty-two week low of $46.92 and a fifty-two week high of $79.66.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Toroso Investments LLC raised its holdings in shares of BHP Group by 29.0% during the 3rd quarter. Toroso Investments LLC now owns 517,754 shares of the mining company’s stock valued at $25,908,000 after purchasing an additional 116,342 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in shares of BHP Group by 69.6% during the 3rd quarter. Eagle Bay Advisors LLC now owns 1,177 shares of the mining company’s stock valued at $59,000 after purchasing an additional 483 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of BHP Group by 88.0% during the 3rd quarter. IHT Wealth Management LLC now owns 6,679 shares of the mining company’s stock valued at $334,000 after purchasing an additional 3,126 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of BHP Group by 88.3% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 23,829 shares of the mining company’s stock valued at $1,193,000 after purchasing an additional 11,176 shares in the last quarter. Finally, M&T Bank Corp raised its holdings in BHP Group by 12.0% in the 3rd quarter. M&T Bank Corp now owns 12,183 shares of the mining company’s stock worth $610,000 after acquiring an additional 1,304 shares during the period. Institutional investors own 6.53% of the company’s stock.

About BHP Group

(Get Rating)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BHP)

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