BHP Group Limited Sponsored ADR (NYSE:BHP) Receives $78.00 Consensus Price Target from Analysts

BHP Group Limited Sponsored ADR (NYSE:BHP) has been assigned an average rating of “Hold” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $78.00.

A number of brokerages have commented on BHP. Wall Street Zen cut BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Bank of America cut their price target on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research note on Monday, June 22nd. Zacks Research lowered BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th.

Institutional Investors Weigh In On BHP Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Bayban purchased a new position in BHP Group in the fourth quarter worth $25,000. Whipplewood Advisors LLC boosted its position in shares of BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after purchasing an additional 416 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of BHP Group during the 4th quarter worth $26,000. Ascentis Independent Advisors acquired a new position in shares of BHP Group during the 1st quarter worth $45,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of BHP Group in the 1st quarter valued at about $54,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP Group stock opened at $87.84 on Wednesday. BHP Group has a twelve month low of $52.18 and a twelve month high of $98.71. The firm’s 50-day moving average price is $88.50 and its 200 day moving average price is $83.21. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43.

BHP Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th will be given a dividend of $1.98 per share. This represents a dividend yield of 438.0%. The ex-dividend date of this dividend is Friday, September 4th.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and produces commodities that support industrial activity, infrastructure and the energy transition, with operations and projects spanning Australia, Chile, Brazil and other regions.

BHP’s principal products include iron ore, copper and metallurgical coal. Its iron ore business operates primarily in Western Australia, while its copper portfolio includes major mining operations in Chile and the Olympic Dam complex in South Australia.