BHP Group Ltd (BHP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BHP Group Ltd (NYSE:BHP) have been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $64.00.

A number of analysts have issued reports on BHP shares. Zacks Investment Research upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Tuesday. Macquarie restated a “buy” rating on shares of BHP Group in a research note on Tuesday, March 26th. Societe Generale lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Goldman Sachs Group lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Tuesday, February 19th. Finally, CLSA lowered shares of BHP Group from an “outperform” rating to an “underperform” rating in a report on Thursday, February 7th.

A number of hedge funds and other institutional investors have recently modified their holdings of BHP. Bank of America Corp DE lifted its position 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 valued at $246,230,000 after purchasing an additional 26,000 shares during the period. Millennium Management LLC lifted its position 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 valued at $88,844,000 after purchasing an additional 1,475,921 shares during the period. LMR Partners LLP lifted its position in BHP Group by 544.5% during the 4th quarter. LMR Partners LLP now owns 1,690,965 shares of the mining company’s stock valued at $81,593,000 after purchasing an additional 1,428,611 shares during the period. Maven Securities LTD acquired a new position in BHP Group during the 4th quarter valued at about $61,559,000. Finally, Two Sigma Advisers LP lifted its position in BHP Group by 45.3% during the 4th quarter. Two Sigma Advisers LP now owns 780,100 shares of the mining company’s stock valued at $37,671,000 after purchasing an additional 243,300 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP traded up $0.57 during trading hours on Friday, reaching $57.08. 96,861 shares of the stock traded hands, compared to its average volume of 2,282,030. The firm has a market cap of $91.22 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.90 and a beta of 0.80. BHP Group has a fifty-two week low of $43.19 and a fifty-two week high of $57.16. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43.

The company also recently announced a special dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 8th were paid a $1.10 dividend. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 4.65%. BHP Group’s dividend payout ratio is presently 65.48%.

About BHP Group

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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