Analysts Set BHP Group Limited (NYSE:BHP) PT at $53.00

BHP Group Limited (NYSE:BHP) has earned a consensus rating of “Buy” from the six analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $53.00.

BHP has been the topic of a number of recent analyst reports. Clarkson Capital upgraded shares of BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th.

Hedge Funds Weigh In On BHP Group

A number of hedge funds and other institutional investors have recently modified their holdings of BHP. Costello Asset Management INC bought a new position in shares of BHP Group during the 1st quarter valued at about $26,000. WFA Asset Management Corp purchased a new position in BHP Group during the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management bought a new stake in BHP Group in the 1st quarter worth approximately $27,000. Sierra Ocean LLC purchased a new stake in shares of BHP Group during the 4th quarter worth approximately $29,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of BHP Group during the 1st quarter valued at approximately $32,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 1.0 %

NYSE BHP opened at $48.67 on Thursday. BHP Group has a 52 week low of $39.73 and a 52 week high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $123.42 billion, a P/E ratio of 11.06 and a beta of 0.86. The stock’s 50-day moving average price is $47.68 and its 200-day moving average price is $50.07.

BHP Group Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 7th were issued a dividend of $1.00 per share. This represents a yield of 4.8%. The ex-dividend date of this dividend was Friday, March 7th. BHP Group’s dividend payout ratio (DPR) is currently 44.77%.

About BHP Group

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.