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.
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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.
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.
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.