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

BHP Group (NYSE:BHP) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Several other research firms have also recently issued reports on BHP. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Jefferies Financial Group reduced their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday. Finally, Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Price Performance

NYSE BHP traded down $0.10 during trading hours on Friday, hitting $48.62. The company had a trading volume of 2,411,273 shares, compared to its average volume of 2,459,979. 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 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 50 day simple moving average of $51.53 and a 200 day simple moving average 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

Large investors have recently bought and sold shares of the business. Fisher Asset Management LLC boosted 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 buying an additional 633,290 shares during the period. Wellington Management Group LLP grew its holdings 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 during the last quarter. Bank of Montreal Can grew its holdings 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 during the last quarter. FMR LLC grew its holdings in shares of BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after purchasing an additional 129,908 shares during the last quarter. Finally, Westwood Global Investments LLC grew its holdings in shares of BHP Group by 4.4% during the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock worth $69,664,000 after buying an additional 51,263 shares during the last quarter. 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.