Shares of BHP Group Limited (NYSE:BHP – Get Free Report) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $50.00.
Several equities analysts recently issued reports on BHP shares. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Citigroup began coverage on shares of BHP Group in a report on Friday, May 31st. They issued a “buy” rating for the company.
View Our Latest Report on BHP Group
BHP Group Price Performance
Institutional Investors Weigh In On BHP Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley raised its position in shares of BHP Group by 2.8% in the third quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock valued at $267,084,000 after buying an additional 126,643 shares during the last quarter. Integrated Advisors Network LLC raised its position in shares of BHP Group by 40.5% in the third quarter. Integrated Advisors Network LLC now owns 5,331 shares of the mining company’s stock valued at $303,000 after buying an additional 1,536 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of BHP Group in the third quarter valued at about $202,000. American Century Companies Inc. raised its position in shares of BHP Group by 5.4% in the third quarter. American Century Companies Inc. now owns 433,177 shares of the mining company’s stock valued at $24,639,000 after buying an additional 22,074 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of BHP Group by 44.7% in the third quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after buying an additional 924,202 shares during the last quarter. Hedge funds and other institutional investors 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.
Recommended Stories
- Five stocks we like better than BHP Group
- Pros And Cons Of Monthly Dividend Stocks
- Tech Leader’s Stock Split: Is It the Right Time to Buy?
- How to invest in marijuana stocks in 7 stepsĀ
- Could the Economy be Bottoming? Major Bank’s Earnings Say Yes
- Stocks with Unusual Volume: How to Find Unusual Volume Stocks in Real Time
- Seize This Prime Stock Opportunity on Amazon Prime Days
Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.