Brokerages Set BHP Group Limited (NYSE:BHP) PT at $53.00

Shares of BHP Group Limited (NYSE:BHP) have earned an average recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $53.00.

Several equities analysts recently issued reports on the stock. Clarkson Capital raised shares of BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Finally, StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

BHP Group Stock Up 0.8 %

Shares of NYSE BHP opened at $49.68 on Wednesday. The business has a fifty day moving average of $50.03 and a two-hundred day moving average of $52.51. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group has a 52-week low of $48.06 and a 52-week high of $63.21. The stock has a market cap of $125.98 billion, a PE ratio of 11.29 and a beta of 0.90.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 7th will be given a $1.00 dividend. This represents a yield of 4.8%. The ex-dividend date is Friday, March 7th. BHP Group’s payout ratio is presently 44.77%.

Hedge Funds Weigh In On BHP Group

A number of large investors have recently modified their holdings of BHP. Wealth Enhancement Advisory Services LLC raised its position in BHP Group by 114.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 72,559 shares of the mining company’s stock worth $3,543,000 after purchasing an additional 38,692 shares during the last quarter. PKO Investment Management Joint Stock Co acquired a new stake in shares of BHP Group in the 4th quarter valued at $4,068,000. Palogic Value Management L.P. raised its position in shares of BHP Group by 0.5% during the fourth quarter. Palogic Value Management L.P. now owns 82,496 shares of the mining company’s stock worth $4,028,000 after acquiring an additional 396 shares during the last quarter. Comprehensive Money Management Services LLC acquired a new position in shares of BHP Group during the fourth quarter valued at $302,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of BHP Group during the fourth quarter valued at $74,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Company Profile

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.