BHP Group Limited (NYSE:BHP – Get Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $53.64, but opened at $55.12. BHP Group shares last traded at $54.96, with a volume of 389,461 shares changing hands.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on BHP. Barclays reissued an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Citigroup assumed coverage on shares of BHP Group in a research report on Friday, May 31st. They set a “buy” rating for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.00.
Read Our Latest Analysis on BHP
BHP Group Trading Up 2.7 %
Institutional Trading of BHP Group
Hedge funds have recently bought and sold shares of the business. Asset Dedication LLC raised its stake in BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in BHP Group during the 2nd quarter valued at about $27,000. Ashton Thomas Private Wealth LLC purchased a new position in BHP Group during the 2nd quarter valued at about $27,000. Eagle Bay Advisors LLC purchased a new position in BHP Group during the 4th quarter valued at about $28,000. Finally, Rise Advisors LLC purchased a new position in BHP Group during the 1st quarter valued at about $29,000. Institutional investors and hedge funds own 3.79% of the company’s stock.
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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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