Guardian Partners Inc. Grows Stake in BHP Group Limited Sponsored ADR $BHP

Guardian Partners Inc. lifted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 15.3% during the 1st quarter, Holdings Channel.com reports. The fund owned 122,177 shares of the mining company’s stock after buying an additional 16,224 shares during the period. Guardian Partners Inc.’s holdings in BHP Group were worth $8,908,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BHP. Bayban acquired a new stake in BHP Group during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new position in BHP Group in the fourth quarter valued at $26,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of BHP Group during the fourth quarter worth about $26,000. Sound Income Strategies LLC grew its holdings in shares of BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after purchasing an additional 291 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in shares of BHP Group by 8,320.0% during the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after purchasing an additional 416 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 0.1%

Shares of BHP opened at $83.89 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a fifty-two week low of $49.68 and a fifty-two week high of $93.83. The firm has a 50-day simple moving average of $84.87 and a 200-day simple moving average of $78.04.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BHP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a report on Thursday, July 2nd. The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. DZ Bank raised BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Bank of America lowered their target price on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $78.00.

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.