Wall Street Zen upgraded shares of BHP Group (NYSE:BHP – Free Report) from a hold rating to a buy rating in a research note published on Sunday morning.
BHP has been the subject of several other research reports. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $78.00.
Read Our Latest Research Report on BHP
BHP Group Price Performance
Institutional Investors Weigh In On BHP Group
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley increased its holdings in shares of BHP Group by 22.8% in the fourth quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock valued at $833,117,000 after buying an additional 2,562,747 shares in the last quarter. SIH Partners LLLP boosted its stake in shares of BHP Group by 937.5% during the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after acquiring an additional 1,677,739 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of BHP Group by 264.4% in the 4th quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company’s stock worth $82,018,000 after acquiring an additional 985,794 shares during the last quarter. Bank of America Corp DE raised its position in shares of BHP Group by 25.2% during the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after purchasing an additional 697,316 shares during the period. Finally, Main Street Research LLC acquired a new stake in shares of BHP Group during the first quarter worth $37,767,000. 3.79% of the stock is currently 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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