In yesterday’s Wall Street session, BHP Group Limited (NYSE:BHP) shares traded at $60.04, up 2.20% from the previous session.
29 analysts cover BHP Group Limited (NYSE:BHP), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $69.18 and a low of $45.20, we find $56.08. Given the previous closing price of $58.75, this indicates a potential downside of -4.54 percent. BHP stock price is now 16.13% away from the 50-day moving average and 4.56% away from the 200-day moving average. The market capitalization of the company currently stands at $152.86B.
The stock has received a hold rating from 14 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $56.50 as their price target over the next twelve months.
, while ‘Goldman’ rates the stock as ‘Neutral’.
A total of 5.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BHP stock. A new stake in BHP Group Limited shares was purchased by ABRDN PLC during the first quarter worth $18,294,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $16,749,000 in shares of BHP during the first quarter. In the first quarter, TWIN TREE MANAGEMENT, LP acquired a new stake in BHP Group Limited valued at approximately $15,666,000. OPTIVER HOLDING B.V. acquired a new stake in BHP for approximately $15,198,000. D. E. SHAW & CO., INC. purchased a new stake in BHP valued at around $10,070,000 in the second quarter. In total, there are 659 active investors with 3.50% ownership of the company’s stock.
During the past 12 months, BHP Group Limited has had a low of $46.92 and a high of $71.04. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.70, and a quick ratio of 1.40. The fifty day moving average price for BHP is $51.86 and a two-hundred day moving average price translates $57.42 for the stock.
The latest earnings results from BHP Group Limited (NYSE: BHP) was released for Jun, 2022. The net profit margin was 47.50% and return on equity was 63.10% for BHP.
Moreover, the firm recently paid out its quarterly dividend on 09/22/2022. Investors who held shares on 09/02/2022 were paid a $3.50 dividend. On an annualized basis, this represents a $6.50 dividend and a 10.83% percent yield. There was an ex-dividend date of 09/01/2022 for this dividend. In terms of dividend payout ratio, BHP is presently at 53.60%.
BHP Group Limited(BHP) 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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. The company is also involved in mining, smelting, and refining of nickel; and potash development activities. In addition, it provides towing, freight, marketing and trading, marketing support, finance, administrative, and other services. The company was founded in 1851 and is headquartered in Melbourne, Australia.