BHP Group (NYSE:BHP) Shares Gap Down to $76.90

BHP Group Limited (NYSE:BHPGet Rating)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $76.90, but opened at $73.76. BHP Group shares last traded at $74.08, with a volume of 46,019 shares changing hands.

BHP has been the topic of several recent research reports. Citigroup raised shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating and set a $89.00 price objective on the stock in a research note on Thursday, April 7th. Jefferies Financial Group lifted their price objective on shares of BHP Group from $60.00 to $64.00 in a research note on Thursday, February 3rd. Berenberg Bank lifted their price objective on shares of BHP Group from GBX 2,200 ($28.62) to GBX 2,300 ($29.92) in a research note on Wednesday, February 23rd. Finally, Exane BNP Paribas cut shares of BHP Group from a “neutral” rating to an “underperform” rating and set a GBX 2,185 ($28.43) price objective on the stock. in a research note on Wednesday, February 9th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, BHP Group currently has an average rating of “Hold” and a consensus target price of $1,190.65.

The company has a current ratio of 1.92, a quick ratio of 1.71 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $72.38 and its 200 day moving average is $63.88.

The business also recently declared a semi-annual dividend, which was paid on Monday, March 28th. Investors of record on Friday, February 25th were issued a dividend of $3.00 per share. This represents a dividend yield of 13.1%. The ex-dividend date was Thursday, February 24th.

Hedge funds have recently bought and sold shares of the stock. Holloway Wealth Management LLC acquired a new stake in shares of BHP Group during the first quarter worth approximately $29,000. Exchange Traded Concepts LLC acquired a new stake in shares of BHP Group during the fourth quarter worth approximately $27,000. First PREMIER Bank acquired a new stake in shares of BHP Group during the fourth quarter worth approximately $29,000. Allworth Financial LP boosted its holdings in shares of BHP Group by 148.5% during the first quarter. Allworth Financial LP now owns 497 shares of the mining company’s stock worth $38,000 after purchasing an additional 297 shares during the period. Finally, Bogart Wealth LLC boosted its holdings in shares of BHP Group by 100.0% during the first quarter. Bogart Wealth LLC now owns 600 shares of the mining company’s stock worth $46,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 6.73% of the company’s stock.

About BHP Group (NYSE:BHP)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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