Are we looking at the next big move in BHP Group Limited ADR (BHP)?

BHP Group Limited ADR (NYSE: BHP) is -9.22% lower on its value in year-to-date trading and has touched a low of $50.90 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 $60.91 in the last trading session, with the day’s gains setting it 1.1%.

Currently trading at $62.01, the stock is 14.75% and 14.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.57 million and changing 1.81% at the moment leaves the stock 6.45% off its SMA200. BHP registered 11.33% gain for a year compared to 6-month loss of 7.49%. The firm has a 50-day simple moving average (SMA 50) of $54.329 and a 200-day simple moving average (SMA200) of $58.2522.

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The stock witnessed a 13.95% gain in the last 1 month and extending the period to 3 months gives it a 8.62%, and is 15.28% 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 1.30% over the week and 1.37% over the month.

Current P/E ratio is 20.01 and Fwd P/E is 13.10. Profit margin for the company is 14.17%. Distance from 52-week low is 21.83% and -10.27% from its 52-week high. The company has generated returns on investments over the last 12 months (12.40%).

The EPS is expected to shrink by -9.90% this year, but quarterly earnings will post -9.60% year-over-year.

BHP Group Limited ADR (BHP) Top Institutional Holders

772.0 institutions hold shares in BHP Group Limited ADR (BHP), with institutional investors hold 3.81% of the company’s shares. The shares outstanding are 2.54B, and float is at 2.54B with Short Float at 0.46%. Institutions hold 3.81% of the Float.

The top institutional shareholder in the company is FISHER ASSET MANAGEMENT, LLC with over 21.31 million shares valued at $1.22 billion. The investor’s holdings represent 0.8412% of the BHP Shares outstanding. As of 2024-06-30, the second largest holder is HARDING LOEVNER LP with 9.47 million shares valued at $540.66 million to account for 0.3738 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 5.2 million shares representing 0.2051% and valued at over $296.71 million, while WELLINGTON MANAGEMENT GROUP LLP holds 0.1958 of the shares totaling 4.96 million with a market value of $283.22 million.