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

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

Separately, Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Up 1.0 %

NYSE BHP opened at $50.06 on Friday. BHP Group has a 1 year low of $48.06 and a 1 year high of $63.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The business’s 50-day moving average is $50.87 and its 200 day moving average is $54.17.

Institutional Investors Weigh In On BHP Group

Large investors have recently added to or reduced their stakes in the stock. Eastern Bank bought a new position in BHP Group in the 3rd quarter worth $26,000. Sound Income Strategies LLC boosted its stake in shares of BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after acquiring an additional 294 shares during the period. Versant Capital Management Inc purchased a new stake in shares of BHP Group during the fourth quarter worth about $40,000. Farmers & Merchants Investments Inc. bought a new stake in BHP Group during the 3rd quarter valued at approximately $50,000. Finally, Viking Fund Management LLC lifted its holdings in BHP Group by 72.4% in the 3rd quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock worth $62,000 after purchasing an additional 420 shares in the last quarter. Institutional investors 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.