Why BHP Group (BHP) Stock Could See Much Higher Prices Ahead

BHP Group (NYSE: BHP) is -8.48% lower on its value in year-to-date trading and has touched a low of $29.78 and a high of $58.93 in the current 52-week trading range. The BHP stock was last observed hovering at around $50.07 in the recent trading session, with the current gains setting it 0.07% off its average median price target of $52.52 for the next 12 months. It is also 13.3% off the consensus price target high of $57.83 offered by 15 analysts, but current levels are -28.63% lower than the price target low of $38.98 for the same period.

The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.


At last check, trading at $50.14, the stock is 0.57% and 9.62% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.48 million and changing 0.14% at the moment leaves the stock 5.83% off its SMA200. BHP registered -15.03% loss for a year compared to 6-month loss of -8.83%. The firm has a 50-day simple moving average (SMA 50) of $48.74 and a 200-day simple moving average (SMA200) of $45.94.

The stock witnessed a -0.81% gain in the last 1 month and extending the period to 3 months gives it a 32.11%, and is 1.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.67% over the week and 2.05% over the month.

BHP Group (BHP) has around 28926 employees, a market worth around $115.46B and $45.84B in sales. Current P/E ratio is 13.43 and Fwd P/E is 19.16. Profit margin for the company is 20.50%. Distance from 52-week low is 68.37% and -14.92% from its 52-week high. The company has generated returns on investments over the last 12 months (14.70%).

BHP Group (BHP) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for BHP Group (BHP) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.00, where 4 rate it as a Hold and 0 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

BHP Group is expected to release its quarterly report on 08/18/2020 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -0.70% this year.

BHP Group (BHP) Top Institutional Holders

436 institutions hold shares in BHP Group (BHP), with 707.98k shares held by insiders accounting for 0.03% while institutional investors hold 4.46% of the company’s shares. The shares outstanding are 2.53B, and float is at 1.47B with Short Float at 0.88%. Institutions hold 4.46% of the Float.

The top institutional shareholder in the company is Fisher Asset Management, LLC with over 7.34 million shares valued at $269.2 million. The investor’s holdings represent 0.50% of the BHP Shares outstanding. As of Mar 30, 2020, the second largest holder is UBS Group AG with 6.08 million shares valued at $222.9 million to account for 0.41% of the shares outstanding. The other top investors are Citigroup Inc. which holds 5.61 million shares representing 0.38% and valued at over $205.75 million, while Bank of America Corporation holds 0.31% of the shares totaling 4.58 million with a market value of $167.86 million.

BHP Group (BHP): Who are the competitors?

The company’s main competitors (and peers) include Rio Tinto Group (RIO) that is trading -10.02% down over the past 12 months. Short interest in the company’s stock has fallen -8.07% from the last report on May 14, 2020 to stand at a total of 13.93 million short shares sold with a short interest ratio of 5.34.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free