Erste Group Bank Predicts Higher Earnings for BHP Group

BHP Group Limited Sponsored ADR (NYSE:BHP) – Investment analysts at Erste Group Bank boosted their FY2026 EPS estimates for shares of BHP Group in a research report issued to clients and investors on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now anticipates that the mining company will post earnings of $5.16 per share for the year, up from their prior forecast of $5.08. The consensus estimate for BHP Group’s current full-year earnings is $5.15 per share.

Several other equities analysts have also issued reports on BHP. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Bank of America lowered their price objective on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research note on Friday, May 15th. Finally, 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 report on Monday, March 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.50.

BHP Group Stock Performance

NYSE:BHP opened at $83.36 on Wednesday. BHP Group has a 52 week low of $48.05 and a 52 week high of $93.83. The firm has a 50 day moving average of $84.87 and a 200 day moving average of $75.00. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

Institutional Trading of BHP Group

Large investors have recently bought and sold shares of the stock. Paradigm Asset Management Co. LLC acquired a new stake in shares of BHP Group in the third quarter worth $1,345,000. Abbington Investment Group raised its holdings 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 worth $4,183,000 after purchasing an additional 21,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in 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 purchasing an additional 439,304 shares during the period. SG Americas Securities LLC lifted its position in BHP Group by 442.2% during the fourth quarter. SG Americas Securities LLC now owns 143,065 shares of the mining company’s stock valued at $8,637,000 after purchasing an additional 116,681 shares during the period. Finally, American Century Companies Inc. boosted its holdings in BHP Group by 18.3% in the third quarter. American Century Companies Inc. now owns 920,304 shares of the mining company’s stock valued at $51,307,000 after purchasing an additional 142,060 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

About BHP Group

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.