BHP Group Limited Sponsored ADR (NYSE:BHP) Receives Average Recommendation of “Hold” from Brokerages

Shares of BHP Group Limited Sponsored ADR (NYSE:BHP) have received a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $78.00.

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Wall Street Zen lowered shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. 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 research note on Monday, June 22nd. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th.

BHP Group Trading Down 2.4%

NYSE BHP opened at $96.35 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.48 and a current ratio of 1.88. BHP Group has a 1 year low of $51.83 and a 1 year high of $98.71. The stock’s 50-day moving average price is $85.82 and its two-hundred day moving average price is $81.42.

BHP Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Friday, September 4th will be issued a dividend of $1.98 per share. The ex-dividend date is Friday, September 4th. This represents a dividend yield of 404.0%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BHP. Main Street Research LLC purchased a new stake in shares of BHP Group in the first quarter worth approximately $37,767,000. Ferguson Wellman Capital Management Inc. purchased a new position in BHP Group during the first quarter valued at approximately $18,591,000. Icon Advisers Inc. Co. grew its position in BHP Group by 47.5% during the first quarter. Icon Advisers Inc. Co. now owns 59,000 shares of the mining company’s stock valued at $4,292,000 after purchasing an additional 19,000 shares in the last quarter. Primoris Wealth Advisors LLC acquired a new position in BHP Group in the 4th quarter valued at approximately $1,389,000. Finally, Himension Capital Singapore PTE. LTD. acquired a new position in BHP Group in the 1st quarter valued at approximately $1,705,000. 3.79% of the stock is owned by institutional investors and hedge funds.

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.