Goldman Sachs Group upgraded shares of BHP Group (NYSE:BHP) from a neutral rating to a buy rating in a research note issued to investors on Monday morning, Briefing.com Automated Import reports.

A number of other analysts have also recently issued reports on the company. Exane BNP Paribas cut BHP Group from a neutral rating to an underperform rating in a report on Thursday, September 5th. BNP Paribas cut BHP Group from a neutral rating to an underperform rating in a report on Thursday, September 5th. Deutsche Bank upgraded BHP Group from a sell rating to a hold rating in a report on Wednesday, September 4th. Bank of America cut BHP Group from a neutral rating to an underperform rating in a report on Friday, August 16th. Finally, JPMorgan Chase & Co. upgraded BHP Group from an underweight rating to a neutral rating in a report on Friday, July 12th. Five analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. BHP Group has an average rating of Hold and an average price target of $62.00.

Shares of NYSE:BHP opened at $50.96 on Monday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.89. BHP Group has a 1 year low of $43.65 and a 1 year high of $59.02. The stock has a market capitalization of $81.23 billion, a P/E ratio of 13.92, a PEG ratio of 2.96 and a beta of 0.88. The stock has a 50-day simple moving average of $50.40 and a 200-day simple moving average of $53.43.

The business also recently declared a Semi-Annual dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th will be issued a $1.56 dividend. The ex-dividend date is Thursday, September 5th. BHP Group’s dividend payout ratio is presently 85.25%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Financial Sense Advisors Inc. purchased a new position in BHP Group in the 2nd quarter worth approximately $2,445,000. Neuberger Berman Group LLC purchased a new position in BHP Group in the 1st quarter worth approximately $56,537,000. Liberty Wealth Management LLC boosted its holdings in BHP Group by 3,720.0% in the 2nd quarter. Liberty Wealth Management LLC now owns 573 shares of the mining company’s stock worth $30,000 after acquiring an additional 558 shares during the period. Autus Asset Management LLC boosted its holdings in BHP Group by 0.5% in the 2nd quarter. Autus Asset Management LLC now owns 110,245 shares of the mining company’s stock worth $6,406,000 after acquiring an additional 517 shares during the period. Finally, Buckingham Asset Management LLC purchased a new position in BHP Group in the 2nd quarter worth approximately $229,000. Hedge funds and other institutional investors own 3.77% of the company’s stock.

About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BHP)

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