Erste Group Bank Decreases Earnings Estimates for BHP Group

BHP Group Limited Sponsored ADR (NYSE:BHP) – Equities research analysts at Erste Group Bank reduced their FY2027 earnings per share estimates for BHP Group in a report issued on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will earn $5.08 per share for the year, down from their prior estimate of $5.28. The consensus estimate for BHP Group’s current full-year earnings is $5.17 per share.

Other equities analysts have also issued reports about the company. Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein decreased their price objective on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. Bank of America decreased their price objective on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Finally, DZ Bank raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Two equities research 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $69.50.

BHP Group Trading Down 1.3%

NYSE:BHP opened at $82.26 on Thursday. 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 has a 1-year low of $49.07 and a 1-year high of $93.83. The business’s 50-day moving average price is $84.92 and its two-hundred day moving average price is $75.15.

Institutional Investors Weigh In On BHP Group

Several large investors have recently modified their holdings of BHP. Paradigm Asset Management Co. LLC bought a new stake in shares of BHP Group during 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 acquiring an additional 21,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in BHP Group by 1,769.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock valued at $25,875,000 after acquiring an additional 439,304 shares in the last quarter. SG Americas Securities LLC lifted its position in BHP Group by 442.2% in the 4th quarter. SG Americas Securities LLC now owns 143,065 shares of the mining company’s stock valued at $8,637,000 after acquiring an additional 116,681 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in BHP Group by 18.3% in the 3rd quarter. American Century Companies Inc. now owns 920,304 shares of the mining company’s stock worth $51,307,000 after purchasing an additional 142,060 shares during the period. 3.79% of the stock is currently owned by institutional investors.

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.