Sprott Inc. Buys 4,805 Shares of BHP Group Limited (NYSE:BHP)

Sprott Inc. grew its stake in BHP Group Limited (NYSE:BHP) by 28.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,972 shares of the mining company’s stock after purchasing an additional 4,805 shares during the quarter. Sprott Inc.’s holdings in BHP Group were worth $1,073,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BHP. Allspring Global Investments Holdings LLC boosted its holdings in BHP Group by 11.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,839 shares of the mining company’s stock worth $673,000 after acquiring an additional 1,087 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of BHP Group by 76.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 33,867 shares of the mining company’s stock valued at $2,104,000 after purchasing an additional 14,700 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in BHP Group by 53.8% during the third quarter. Nisa Investment Advisors LLC now owns 2,000 shares of the mining company’s stock worth $127,000 after purchasing an additional 700 shares during the last quarter. Farmers & Merchants Investments Inc. bought a new stake in BHP Group in the 3rd quarter worth about $50,000. Finally, Nicholas Hoffman & Company LLC. increased its stake in BHP Group by 2.5% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 11,396 shares of the mining company’s stock valued at $708,000 after buying an additional 275 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP Group stock opened at $50.67 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The firm has a 50 day moving average price of $49.80 and a 200-day moving average price of $53.11. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21.

BHP Group Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be given a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date of this dividend is Friday, March 7th.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of research analyst reports. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group cut their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.00.

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.