BHP Group (NYSE:BHP) Upgraded by BNP Paribas to "Neutral"

BHP Group (NYSE:BHP - Receive Rating) experienced an improvement in its evaluation, as per analysts at BNP Paribas. They changed its rating from "underperform" to "neutral" in a research statement published on Wednesday, as reported by Briefing.com.

Several other stock analysts have recently provided their opinions on BHP Group. On April 24th, Citigroup started coverage on the company and gave it a "neutral" rating. On April 5th, CLSA upgraded their rating on BHP Group from "underperform" to "outperform". On May 3rd, The Goldman Sachs Group also upgraded their rating on BHP Group from "neutral" to "buy". However, on May 19th, StockNews.com downgraded BHP Group from "strong-buy" to "buy". In total, there is one analyst who rates the stock as a sell, two who rate it as hold, and five who rate it as a buy. According to data from MarketBeat.com, the average rating for BHP Group is "Moderate Buy" with an average target price of $2,435.00.

BHP Group Stock Rises 1.5%

The opening price of BHP Group shares on Wednesday was $60.45. BHP Group's lowest price in the past year was $46.92, while its highest price was $71.52. The company's current ratio stands at 1.69, its quick ratio is 1.28, and its debt-to-equity ratio is 0.27. Additionally, BHP Group's 50-day moving average is $59.17, and its 200-day moving average is $62.14.

What Institutional Investors Think Of BHP Group

A number of big investors have recently changed their positions in the company. Klingman & Associates LLC increased the number of shares they hold in BHP Group by 3.7% in the last quarter. They now own 4,333 shares of the mining company's stock, which are worth $269,000. Veracity Capital LLC also added to their holdings, with an additional 1.3% stake in BHP Group, bringing their total to 13,035 shares, valued at $827,000. Integrated Advisors Network LLC boosted their position by 5.1% in the first quarter, now owning 3,495 shares worth $222,000. RNC Capital Management LLC saw a 0.7% increase in their stake, with 26,096 shares valued at $1,619,000. Finally, Yousif Capital Management LLC added 0.4% to their position, now holding 42,485 shares valued at $2,694,000. Overall, hedge funds and other institutional investors own 6.14% of the company's stock.

BHP Group: A Brief Overview

BHP Group Limited functions as a resources corporation in various regions including Australia, Europe, China, Japan, India, South Korea, other parts of Asia, North America, South America, and worldwide. The company's operations are divided into segments: Copper, Iron Ore, and Coal. It specializes in the extraction of copper, silver, zinc, molybdenum, uranium, gold, iron ore, as well as metallurgical and energy coal.

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