First Financial Corp IN lifted its stake in shares of BHP Group Limited (NYSE:BHP – Free Report) by 7.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,832 shares of the mining company’s stock after purchasing an additional 403 shares during the period. First Financial Corp IN’s holdings in BHP Group were worth $285,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Eastern Bank bought a new stake in BHP Group during the third quarter worth $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of BHP Group during the 2nd quarter worth about $27,000. Sound Income Strategies LLC increased its stake in shares of BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares during the last quarter. Versant Capital Management Inc acquired a new stake in BHP Group in the 4th quarter valued at about $40,000. Finally, Farmers & Merchants Investments Inc. bought a new position in BHP Group during the third quarter worth about $50,000. Institutional investors and hedge funds own 3.79% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on BHP shares. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.00.
BHP Group Stock Performance
BHP opened at $49.29 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The business has a fifty day simple moving average of $51.40 and a 200 day simple moving average of $54.41. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The company has a market capitalization of $124.99 billion, a PE ratio of 10.67 and a beta of 0.95.
BHP Group 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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.
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