BHP Group PLC (NYSE:BBL) Given Consensus Rating of “Hold” by Analysts

BHP Group PLC (NYSE:BBL) has been given an average rating of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company.

A number of research firms have commented on BBL. Royal Bank of Canada raised shares of BHP Group from a “sector perform” rating to an “outperform” rating in a report on Friday, October 25th. Zacks Investment Research raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 16th. Deutsche Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Liberum Capital cut shares of BHP Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 22nd. Finally, ValuEngine raised shares of BHP Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 5th.

Several hedge funds and other institutional investors have recently made changes to their positions in BBL. Fisher Asset Management LLC lifted its stake in BHP Group by 5.6% in the 3rd quarter. Fisher Asset Management LLC now owns 5,678,451 shares of the mining company’s stock valued at $243,265,000 after purchasing an additional 299,077 shares during the last quarter. Polaris Capital Management LLC grew its stake in BHP Group by 0.7% during the third quarter. Polaris Capital Management LLC now owns 4,817,934 shares of the mining company’s stock valued at $206,400,000 after acquiring an additional 35,200 shares in the last quarter. Northern Trust Corp lifted its position in BHP Group by 2.5% during the second quarter. Northern Trust Corp now owns 1,316,113 shares of the mining company’s stock valued at $67,266,000 after purchasing an additional 31,913 shares during the last quarter. TT International lifted its position in BHP Group by 96.3% during the second quarter. TT International now owns 822,977 shares of the mining company’s stock valued at $42,062,000 after purchasing an additional 403,816 shares during the last quarter. Finally, Royal Bank of Canada lifted its position in BHP Group by 4.9% during the second quarter. Royal Bank of Canada now owns 797,774 shares of the mining company’s stock valued at $40,776,000 after purchasing an additional 37,234 shares during the last quarter. 4.33% of the stock is currently owned by institutional investors.

BBL traded up $0.43 during trading on Tuesday, reaching $46.59. 232,272 shares of the company’s stock were exchanged, compared to its average volume of 725,068. The company’s fifty day moving average price is $43.97 and its 200-day moving average price is $45.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.89. BHP Group has a fifty-two week low of $40.10 and a fifty-two week high of $51.87. The firm has a market capitalization of $48.33 billion, a PE ratio of 12.73, a P/E/G ratio of 2.79 and a beta of 0.98.

About BHP Group

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.

Read More: Futures Contract

Analyst Recommendations for BHP Group (NYSE:BBL)

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.