Cibc World Market Inc. Raises Holdings in BHP Group Limited Sponsored ADR $BHP

Cibc World Market Inc. boosted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 224.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,200 shares of the mining company’s stock after acquiring an additional 127,399 shares during the quarter. Cibc World Market Inc.’s holdings in BHP Group were worth $11,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Paradigm Asset Management Co. LLC bought a new stake in shares of BHP Group in the 3rd quarter worth approximately $1,345,000. Abbington Investment Group increased its stake in shares of BHP Group by 45.6% during the fourth quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock valued at $4,183,000 after buying an additional 21,700 shares during the period. Fisher Asset Management LLC increased its stake in shares of BHP Group by 1.3% during the third quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock valued at $1,290,593,000 after buying an additional 307,397 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of BHP Group by 1,769.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock valued at $25,875,000 after buying an additional 439,304 shares during the period. Finally, Factory Mutual Insurance Co. purchased a new position in shares of BHP Group during the third quarter valued at approximately $4,976,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BHP shares. Sanford C. Bernstein reduced their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, March 9th. Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Bank of America cut BHP Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.33.

BHP Group Trading Down 7.0%

Shares of NYSE:BHP opened at $82.59 on Friday. BHP Group Limited Sponsored ADR has a 52-week low of $45.74 and a 52-week high of $93.70. The stock has a 50 day moving average price of $81.16 and a 200-day moving average price of $71.29. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.