BHP Group (NYSE:BHP) Cut to Buy at StockNews.com

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

Separately, Jefferies Financial Group reduced their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, BHP Group currently has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Price Performance

Shares of NYSE BHP opened at $51.42 on Wednesday. The firm has a 50-day simple moving average of $49.80 and a 200-day simple moving average of $53.15. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.40. BHP Group has a 52 week low of $48.06 and a 52 week high of $63.21.

Institutional Investors Weigh In On BHP Group

A number of institutional investors have recently made changes to their positions in BHP. Bleakley Financial Group LLC increased its position in shares of BHP Group by 4.1% during the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after acquiring an additional 203 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of BHP Group by 11.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 10,839 shares of the mining company’s stock valued at $673,000 after acquiring an additional 1,087 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of BHP Group by 38.2% in the third quarter. Sequoia Financial Advisors LLC now owns 38,007 shares of the mining company’s stock valued at $2,369,000 after purchasing an additional 10,507 shares during the period. Eastern Bank purchased a new position in shares of BHP Group in the third quarter valued at approximately $26,000. Finally, Greenleaf Trust boosted its stake in shares of BHP Group by 10.9% in the third quarter. Greenleaf Trust now owns 23,614 shares of the mining company’s stock valued at $1,467,000 after purchasing an additional 2,314 shares during the period. 3.79% of the stock is currently 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.