BHP Group (NYSE:BHP) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of BHP Group (NYSE:BHP) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning.

BHP has been the subject of several other reports. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Finally, Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Stock Performance

NYSE:BHP opened at $51.80 on Tuesday. BHP Group has a one year low of $50.90 and a one year high of $69.11. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The business’s 50-day simple moving average is $56.30 and its 200 day simple moving average is $56.24.

Institutional Trading of BHP Group

A number of institutional investors and hedge funds have recently modified their holdings of BHP. Eastern Bank acquired a new position in shares of BHP Group in the 3rd quarter valued at about $26,000. Asset Dedication LLC boosted its stake in BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in BHP Group in the second quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BHP Group during the second quarter valued at approximately $27,000. Finally, Sound Income Strategies LLC raised its position in shares of BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.