Shares of BHP Group Ltd (NYSE:BHP) gapped up before the market opened on Monday . The stock had previously closed at $51.54, but opened at $51.92. BHP Group shares last traded at $52.04, with a volume of 196,173 shares changing hands.
Several equities research analysts recently issued reports on the company. Goldman Sachs Group raised BHP Group from a “neutral” rating to a “buy” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. raised BHP Group from an “underweight” rating to a “neutral” rating in a research report on Friday, July 12th. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Deutsche Bank raised BHP Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, BNP Paribas lowered BHP Group from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 5th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. BHP Group has an average rating of “Hold” and an average price target of $62.00.
The company has a debt-to-equity ratio of 0.45, a current ratio of 1.89 and a quick ratio of 1.58. The company has a 50-day simple moving average of $50.06 and a two-hundred day simple moving average of $53.38. The stock has a market capitalization of $81.84 billion, a price-to-earnings ratio of 14.22, a price-to-earnings-growth ratio of 3.03 and a beta of 0.88.
Hedge funds and other institutional investors have recently modified their holdings of the business. Vigilant Capital Management LLC acquired a new stake in BHP Group in the second quarter worth $29,000. Liberty Wealth Management LLC increased its position in BHP Group by 3,720.0% in the second quarter. Liberty Wealth Management LLC now owns 573 shares of the mining company’s stock worth $30,000 after buying an additional 558 shares during the period. Anderson Fisher LLC acquired a new stake in BHP Group in the second quarter worth $40,000. Rehmann Capital Advisory Group increased its position in BHP Group by 31.4% in the first quarter. Rehmann Capital Advisory Group now owns 783 shares of the mining company’s stock worth $43,000 after buying an additional 187 shares during the period. Finally, Doyle Wealth Management acquired a new stake in BHP Group in the second quarter worth $49,000. 3.77% of the stock is currently owned by hedge funds and other institutional investors.
About BHP Group (NYSE:BHP)
BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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