Brokerages Set BHP Group Limited (NYSE:BHP) PT at $68.00

BHP Group Limited (NYSE:BHP) has been assigned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $53.00.

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group reduced their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th.

BHP Group Trading Up 1.2 %

Shares of BHP stock opened at $48.74 on Friday. The company has a market capitalization of $123.59 billion, a P/E ratio of 10.55 and a beta of 0.95. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $51.68 and its two-hundred day moving average is $54.55. BHP Group has a twelve month low of $48.06 and a twelve month high of $64.85.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Asset Dedication LLC grew its holdings in shares of BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after acquiring an additional 451 shares during the period. Eastern Bank acquired a new stake in BHP Group in the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of BHP Group in the second quarter valued at $27,000. Sound Income Strategies LLC raised its stake in shares of BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after buying an additional 294 shares during the last quarter. Finally, Addison Advisors LLC boosted its position in shares of BHP Group by 1,187.0% in the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock worth $34,000 after buying an additional 546 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

About BHP Group

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.