BHP Group (NYSE:BHP) Sets New 12-Month Low – Should You Sell?

Shares of BHP Group Limited (NYSE:BHP) reached a new 52-week low during trading on Tuesday . The stock traded as low as $50.84 and last traded at $50.84, with a volume of 53068 shares traded. The stock had previously closed at $51.11.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and a consensus target price of $68.00.

BHP Group Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company’s 50 day moving average price is $54.60 and its 200 day moving average price is $55.60. The company has a market cap of $128.89 billion, a price-to-earnings ratio of 11.06 and a beta of 0.95.

Institutional Trading of BHP Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in BHP. Franklin Resources Inc. lifted its stake in BHP Group by 17.4% in the third quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company’s stock valued at $18,807,000 after buying an additional 46,791 shares in the last quarter. Peapack Gladstone Financial Corp lifted its stake in BHP Group by 13.0% in the third quarter. Peapack Gladstone Financial Corp now owns 59,502 shares of the mining company’s stock valued at $3,695,000 after buying an additional 6,863 shares in the last quarter. Synovus Financial Corp lifted its stake in BHP Group by 18.7% in the third quarter. Synovus Financial Corp now owns 7,423 shares of the mining company’s stock valued at $461,000 after buying an additional 1,168 shares in the last quarter. Tidal Investments LLC lifted its stake in BHP Group by 21.8% in the third quarter. Tidal Investments LLC now owns 141,455 shares of the mining company’s stock valued at $8,786,000 after buying an additional 25,342 shares in the last quarter. Finally, Optimist Retirement Group LLC lifted its stake in BHP Group by 16.3% in the third quarter. Optimist Retirement Group LLC now owns 38,823 shares of the mining company’s stock valued at $2,411,000 after buying an additional 5,432 shares in the last quarter. 3.79% of the stock is owned by 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.