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

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

Analyst Upgrades and Downgrades

BHP has been the subject of several analyst reports. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Stock Performance

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

Hedge Funds Weigh In On BHP Group

Several hedge funds have recently made changes to their positions in BHP. Eastern Bank acquired a new position in shares of BHP Group in the third quarter worth about $26,000. Asset Dedication LLC boosted its holdings in shares of BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after purchasing an additional 451 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of BHP Group during the second quarter worth approximately $27,000. Sound Income Strategies LLC boosted its holdings in shares of BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares during the period. Finally, Addison Advisors LLC boosted its holdings in shares of BHP Group by 1,187.0% during the second quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock worth $34,000 after purchasing an additional 546 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Company Profile

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.