BHP Group Limited ADR (BHP) Stock Could Soon Reward Patient Investors

BHP Group Limited ADR (NYSE: BHP) is -11.90% lower on its value in year-to-date trading and has touched a low of $54.28 and a high of $69.11 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BHP stock was last observed hovering at around $60.04 in the last trading session, with the day’s gains setting it 0.14%.

Currently trading at $60.18, the stock is -1.77% and -5.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.24 million and changing 0.23% at the moment leaves the stock 0.73% off its SMA200. BHP registered -9.57% loss for a year compared to 6-month gain of 1.45%. The firm has a 50-day simple moving average (SMA 50) of $3.01 and a 200-day simple moving average (SMA200) of $5.67.

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The stock witnessed a -5.48% loss in the last 1 month and extending the period to 3 months gives it a 5.47%, and is -1.49% down 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 0.85% over the week and 1.26% over the month.

BHP Group Limited ADR (BHP) has around Sep 07 2023 employees, a market worth around $152.48B and $53.70B in sales. Current P/E ratio is 11.84 and Fwd P/E is 11.61. Profit margin for the company is 24.01%. Distance from 52-week low is 10.87% and -12.92% from its 52-week high. The company has generated returns on investments over the last 12 months (21.61%).

BHP Group Limited ADR quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 5.15% this year.

BHP Group Limited ADR (BHP) Top Institutional Holders

771 institutions hold shares in BHP Group Limited ADR (BHP), with institutional investors hold 3.74% of the company’s shares. The shares outstanding are 2.53B, and float is at 2.53B with Short Float at 0.33%. Institutions hold 3.74% of the Float.

The top institutional shareholder in the company is Fisher Asset Management, LLC with over 18.57 million shares valued at $1.11 billion. The investor’s holdings represent 0.73% of the BHP Shares outstanding. As of Jun 29, 2023, the second largest holder is Harding Loevner LLC with 11.3 million shares valued at $674.28 million to account for 0.45% of the shares outstanding. The other top investors are Morgan Stanley which holds 4.57 million shares representing 0.18% and valued at over $272.63 million, while Dimensional Fund Advisors LP holds 0.16% of the shares totaling 4.12 million with a market value of $245.93 million.

BHP Group Limited ADR (BHP): Who are the competitors?

The company’s main competitors (and peers) include Rio Tinto PLC ADR (RIO) that is trading -8.22% down over the past 12 months. Anglo American PLC ADR (NGLOY) that is -44.89% lower over the same period.