BHP Group (NYSE:BHP) Lowered to “Buy” Rating by StockNews.com

StockNews.com lowered shares of BHP Group (NYSE:BHP) from a strong-buy rating to a buy rating in a research report released on Saturday.

Separately, Jefferies Financial Group cut their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Price Performance

Shares of BHP opened at $50.06 on Friday. The stock’s 50-day moving average price is $50.87 and its 200 day moving average price is $54.24. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group has a 12-month low of $48.06 and a 12-month high of $63.21.

Institutional Investors Weigh In On BHP Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC lifted its position in shares of BHP Group by 49.5% during the 2nd quarter. Hsbc Holdings PLC now owns 12,762 shares of the mining company’s stock worth $729,000 after buying an additional 4,228 shares during the period. XTX Topco Ltd bought a new position in shares of BHP Group during the second quarter valued at $381,000. AE Wealth Management LLC boosted its stake in shares of BHP Group by 13.7% in the 2nd quarter. AE Wealth Management LLC now owns 8,084 shares of the mining company’s stock valued at $461,000 after purchasing an additional 972 shares in the last quarter. Sei Investments Co. grew its holdings in shares of BHP Group by 3.4% in the 2nd quarter. Sei Investments Co. now owns 94,442 shares of the mining company’s stock worth $5,392,000 after purchasing an additional 3,129 shares during the last quarter. Finally, Summit Trail Advisors LLC acquired a new stake in shares of BHP Group during the 2nd quarter worth about $229,000. 3.79% of the stock is owned by institutional investors and hedge funds.

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.