Ready to Jump After Recent Trade: BHP Group Limited (BHP)

BHP Group Limited (NYSE: BHP) stock fell -4.04% on Wednesday to $55.41 against a previous-day closing price of $57.74. With 3.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.98 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $56.24 whereas the lowest price it dropped to was $55.28. The 52-week range on BHP shows that it touched its highest point at $71.52 and its lowest point at $46.92 during that stretch. It currently has a 1-year price target of $70.62. With its current market cap of 141.28 billion, BHP has annualized dividend of $5.30 while the current yield stands at 9.57%. Beta for the stock currently stands at 0.98.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BHP was down-trending over the past week, with a drop of -6.31%, but this was down by -2.96% over a month. Three-month performance dropped to -11.81% while six-month performance fell -3.20%. The stock lost -9.56% in the past year, while it has lost -10.70% so far this year. EPS is expected to decline by -8.90% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 27.30%.

Float and Shares Shorts:

At present, 2.53 billion BHP shares are outstanding with a float of 2.46 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 7.24 million, which was 0.29% higher than short shares on Mar 30, 2023. In addition to Mr. Mike P. Henry B.Sc., BSc (Chem) as the firm’s CEO & Exec. Director, Mr. David Mark Lamont ACA, B.Com., BCom, C.A. serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 3.66% of BHP’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.19% of BHP, in contrast to 1.42% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in BHP with 0.72% of the stake, Fisher Asset Management LLC holds 18,125,252 shares worth 18,125,252. A second-largest stockholder of BHP, Harding Loevner LP, holds 11,597,371 shares, controlling over 0.46% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in BHP, holding 3,922,297 shares or 0.16% stake. With a 1.46% stake in BHP, the Government Pension Fund – Global is the largest stakeholder. A total of 36,995,882 shares are owned by the mutual fund manager. The Harding Loevner International Equ, which owns about 0.22% of BHP stock, is the second-largest Mutual Fund holder. It holds 5,486,064 shares valued at 323.9 million. DFA International Core Equity Por holds 0.05% of the stake in BHP, owning 1,283,423 shares worth 75.77 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BHP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With BHP analysts setting a high price target of $84.45 and a low target of $50.81, the average target price over the next 12 months is $63.79. Based on these targets, BHP could surge 52.41% to reach the target high and fall by -8.3% to reach the target low. Reaching the average price target will result in a growth of 15.12% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.