BHP Group (NYSE:BHP) – Stock analysts at Jefferies Financial Group decreased their FY2022 earnings estimates for shares of BHP Group in a research report issued to clients and investors on Tuesday, January 18th. Jefferies Financial Group analyst C. Lafemina now anticipates that the mining company will earn $5.30 per share for the year, down from their previous estimate of $5.32. Jefferies Financial Group currently has a “Hold” rating and a $71.00 price target on the stock.
A number of other research analysts also recently issued reports on the company. Royal Bank of Canada cut their price target on BHP Group from GBX 2,400 ($32.75) to GBX 2,300 ($31.38) in a report on Thursday. Zacks Investment Research downgraded BHP Group from a “hold” rating to a “strong sell” rating and set a $72.00 price target on the stock. in a report on Friday. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $620.50.
Shares of NYSE:BHP opened at $68.03 on Thursday. BHP Group has a 12-month low of $51.88 and a 12-month high of $82.07. The business’s fifty day simple moving average is $59.11 and its 200-day simple moving average is $62.40. The company has a current ratio of 1.63, a quick ratio of 1.36 and a debt-to-equity ratio of 0.33.
Several institutional investors have recently bought and sold shares of the company. United Capital Financial Advisers LLC boosted its position in shares of BHP Group by 3.3% in the 2nd quarter. United Capital Financial Advisers LLC now owns 4,729 shares of the mining company’s stock worth $344,000 after purchasing an additional 150 shares in the last quarter. CAPROCK Group Inc. boosted its position in shares of BHP Group by 2.9% in the 2nd quarter. CAPROCK Group Inc. now owns 5,585 shares of the mining company’s stock worth $407,000 after purchasing an additional 160 shares in the last quarter. Spire Wealth Management boosted its position in shares of BHP Group by 3.5% in the 4th quarter. Spire Wealth Management now owns 4,919 shares of the mining company’s stock worth $297,000 after purchasing an additional 167 shares in the last quarter. Assetmark Inc. boosted its position in shares of BHP Group by 7.8% in the 3rd quarter. Assetmark Inc. now owns 2,753 shares of the mining company’s stock worth $147,000 after purchasing an additional 199 shares in the last quarter. Finally, Prio Wealth Limited Partnership boosted its position in shares of BHP Group by 5.1% in the 3rd quarter. Prio Wealth Limited Partnership now owns 4,150 shares of the mining company’s stock worth $222,000 after purchasing an additional 200 shares in the last quarter. 6.73% of the stock is owned by hedge funds and other institutional investors.
BHP Group Company Profile
BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.
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The post FY2022 Earnings Estimate for BHP Group (NYSE:BHP) Issued By Jefferies Financial Group appeared first on ETF Daily News.
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