BHP Group (NYSE:BHP) Upgraded to Strong-Buy at StockNews.com

StockNews.com upgraded shares of BHP Group (NYSE:BHP) from a buy rating to a strong-buy rating in a research note released on Friday.

Other analysts have also issued research reports about the company. Argus upgraded BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Finally, Jefferies Financial Group lowered their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Stock Down 0.2 %

Shares of NYSE BHP opened at $48.62 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The firm has a market capitalization of $123.29 billion, a price-to-earnings ratio of 10.52 and a beta of 0.95. The stock has a 50 day moving average price of $51.53 and a 200 day moving average price of $54.50. BHP Group has a 52-week low of $48.06 and a 52-week high of $64.04.

Hedge Funds Weigh In On BHP Group

A number of large investors have recently made changes to their positions in the business. Fisher Asset Management LLC increased its position in shares of BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares in the last quarter. Wellington Management Group LLP increased its position in shares of BHP Group by 13.0% during the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after purchasing an additional 642,765 shares in the last quarter. Bank of Montreal Can increased its position in shares of BHP Group by 532.2% during the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after purchasing an additional 1,981,008 shares in the last quarter. FMR LLC increased its position in shares of BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after acquiring an additional 129,908 shares during the period. Finally, Westwood Global Investments LLC increased its position in shares of BHP Group by 4.4% in the 2nd quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock valued at $69,664,000 after acquiring an additional 51,263 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

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.