BHP Group Limited (NYSE:BHP) does about 3.31M shares in volume on a normal day but saw 2260617 shares change hands in Monday trading. The company now has a market cap of 173.68B USD. Its current market price is $69.38, marking a decrease of -0.12% compared to the previous close of $69.46. The 52 week high reached by this stock is $71.04 whilst the lowest price level in 52 weeks is $46.92. The script in recent trading has seen the stock touch a high of $69.56 and a low of $68.765.
BHP Group Limited (BHP) has a 20-day trading average at $65.36 and the current price is -2.34% off the 52-week high compared with 47.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $62.45 and its 200-day simple moving average is $59.00. If we look at the stock’s price movements over the week, volatility stands at 1.98%, which decreases to 1.75% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.03 to suggest the stock is overbought.
The consensus objective for the share price is $70.50, suggesting that the stock has a potential upside of 1.59% over the period.
The current price level is 6.69%, 11.67%, and 20.61% away from its SMA20, SMA50, and SMA200 respectively, with the BHP price moving above the 50-day SMA on January 23. BHP Group Limited (BHP) stock is up 0.14% over the week and 12.74% over the past month. Its price is 11.81% year-to-date and 14.36% over the past year.
The company’s next earnings report is expected on 04/20/2023.
Its 12-month price target is $61.80. To reach the target analysts have set, the stock logically needs to grow 1.59 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $52.34, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $81.63.
Outstanding shares total 2.53B with insiders holding 0.00% of the shares and institutional holders owning 3.77% of the company’s common stock. The company has a return on investment of 38.10% and return on equity of 63.10%. The price to earnings ratio (P/E ratio) amounts to 8.69. The beta has a value of 0.96. Price to book ratio is 3.90 and price to sales ratio is 2.67.
According to a U.S. Securities and Exchange Commission filing, Harding Loevner International Equ has reduced its position in BHP Group Limited (BHP) to 7,277,045 shares, mirroring a recent drop by -7.18%. Harding Loevner International Equ dumped -0.56 million shares of BHP Group Limited common stock bringing its total worth to about $451.54 million at the end of recent close, SEC documents show. Harding Loevner International Equ isn’t the only investment manager who changed stakes and is followed by Government Pension Fund – Global, which sold off -0.32 million shares to end up with 3,094,049 shares worth $191.99 million.