BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) – Equities research analysts at Erste Group Bank dropped their FY2027 earnings per share (EPS) estimates for shares of BHP Group in a research report issued on Thursday, June 25th. Erste Group Bank analyst S. Lingnau now forecasts that the mining company will post earnings per share of $5.08 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.
A number of other research firms also recently issued reports on BHP. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen raised shares of BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Argus set a $95.00 price target on shares of BHP Group in a research note on Monday, April 27th. Finally, Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $69.50.
BHP Group Trading Down 1.3%
NYSE:BHP opened at $82.26 on Thursday. BHP Group has a twelve month low of $49.07 and a twelve month high of $93.83. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $84.92 and a two-hundred day moving average price of $75.15.
Hedge Funds Weigh In On BHP Group
Several hedge funds and other institutional investors have recently made changes to their positions in BHP. Bayban acquired a new position in BHP Group during the fourth quarter worth $25,000. Whipplewood Advisors LLC raised its position in BHP Group by 8,320.0% during the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after acquiring an additional 416 shares in the last quarter. Sound Income Strategies LLC lifted its stake in BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares during the last quarter. Hilton Head Capital Partners LLC bought a new position in shares of BHP Group in the 4th quarter valued at about $26,000. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of BHP Group in the 4th quarter valued at about $26,000. 3.79% of the stock is owned by institutional investors.
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.
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