True Vision MN LLC acquired a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor acquired 9,811 shares of the mining company’s stock, valued at approximately $714,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of BHP. Bayban purchased a new stake in shares of BHP Group in the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of BHP Group in the fourth quarter valued at about $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of BHP Group during the 4th quarter valued at about $26,000. Sound Income Strategies LLC raised its holdings in shares of BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after buying an additional 291 shares during the period. Finally, JFS Wealth Advisors LLC lifted its position in BHP Group by 68.9% during the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after acquiring an additional 284 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.
BHP Group News Summary
Here are the key news stories impacting BHP Group this week:
- Negative Sentiment: BHP will take a $2.3 billion charge on its Jansen potash mine after costs jumped again and the project was delayed, signaling weaker near-term earnings and a larger-than-expected budget overrun. Reuters: BHP flags cost overrun at Jansen potash project, to book $2.3 billion charge
- Negative Sentiment: Market reaction has been negative, with BHP shares falling sharply in Australia after the announcement, reflecting investor concern that the mining giant is facing repeated cost inflation and execution risk on a major growth project. Proactive Investors: BHP shares drop on $2.3B write-down at Canadian potash project
- Neutral Sentiment: Other coverage also highlighted that the Jansen expansion is now expected to cost about $2 billion more than previously planned, reinforcing uncertainty around project economics and the timing of future potash production. Wall Street Journal: BHP Raises Potash Project Costs, Flags $2.3 Billion Write-Down
Analyst Upgrades and Downgrades
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BHP Group Stock Performance
Shares of BHP opened at $88.08 on Monday. BHP Group Limited Sponsored ADR has a one year low of $45.74 and a one year high of $93.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The stock has a 50-day moving average price of $84.36 and a 200 day moving average price of $73.82.
BHP Group Profile
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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