BHP Group (NYSE:BHP) traded at $56.14 at last check on Wednesday, Sep 16, making an upward move of 1.34% on its previous day’s price.
Looking at the stock we see that its previous close was $55.4 and the beta (5Y monthly) reads 0.97 with the day’s price range being $56.02 – 56.58. The company has a 12-month trailing PE ratio of 17.65. In terms of its 52-week price range, BHP has a high of $58.35 and a low of $29.78. The company’s stock has gained about -2.79% over that past 30 days.
On the other hand, looking at the outlook for the BHP stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 15 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the BHP Group (BHP) stock as a Hold, while 9 rate it as a Buy. None analysts rate it as outperform while 1 of them rated it as underperform, whereas none suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the BHP stock currently stands at 3.33, and the current price level is 2.22% off its SMA20 and 3.29% from its 50-day simple moving average. The RSI (14) is pointing at 55.32 while the volatility over the past week is 1.75% and jumps to 1.8% over the past one month. The beta value is 0.97, while the average true range (ATR) is currently pointing at 1.37. The average price target for the stock over the next 12 months is $58.99, with the estimates having a low of $45.01 and a high of $65.65. These price ends are -19.83% and +16.94% off the current price level respectively, although investors could be excited at the prospect of a +3.31% if the BHP share price touches on the median price of $58.
Let’s briefly compare BHP (BHP) stock to its peers. We find that today’s price change of +1.34% and +6.46% over the past 12 months for BHP competes that of Rio Tinto Plc (RIO), which has seen its stock price fall -0.38% in the latest trading session and is +21.96% over the last one year. Another of its peers Newmont Mining Corp (NEM) has climbed 0.84% today, and is +75.55% up over the past year, while Bhp Billiton Plc (BBL) is also up 1.34% yet its price remains in the green at 6.46% over the same period. Rio has a P/E ratio of 14.85 compared to BHP’s 17.65 and Newmont’s 13.76. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.47% and 0.77%, respectively, in early deals.
Coming back to BHP Group (NYSE:BHP), we note that the average 3-month trading volume was 1.92 Million, while that of the preceding 10-day period stands at 2.11 Million. Current shares outstanding are 2.53 Billion.
According to data from Thomson Reuters, insiders hold 0.03% of the company’s shares while institutions hold 4.46%. The data shows that short shares as of August 30, 2020, stood at 14.72 Million at a short ratio of 8.61. This represents a 0.59% Short interest in Shares outstanding on August 30, 2020. Shares short rose in August from the previous month at 13.26 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +1.26% up in year-to-date price movement.