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Think You Need A Good Stock? Look At This BHP Group Limited (NYSE: BHP) Analysis

BHP Group Limited (NYSE:BHP) traded at $69.76 at close of the session on Tuesday, 01/24/23, made an upward move of 0.55% on its previous day’s price.

Looking at the stock we see that its previous close was $69.38 and the beta (5Y monthly) reads 0.74 with the day’s price range being $68.20 – $70.00. The company has a trailing 12-month PE ratio of 8.74. In terms of its 52-week price range, BHP has a high of $71.04 and a low of $46.92. The company’s stock has gained about 11.33% over that past 30 days.

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BHP Group Limited has a market cap of $174.63 billion. With its Forward Dividend at 6.50 and a yield of 9.32%, the company’s investors could be anxious for the BHP stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. 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 50% Buy.

Based on estimates by 28 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 14 have rated the BHP Group Limited (BHP) stock as a Hold, while 8 rate it as a Buy. 1 analyst(s) rate it as overweight while 3 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 6.73% off its SMA20 and 11.70% from its 50-day simple moving average. The RSI (14) is pointing at 71.07 while the volatility over the past week is 2.23% and jumps to 1.83% over the past one month. The beta value is 0.96, while the average true range (ATR) is currently pointing at 1.43. The average price target for the stock over the next 12 months is $63.96, with the estimates having a low of $52.34 and a high of $81.63. These price ends are 24.97% and -17.02% off the current price level respectively, although investors could be excited at the prospect of a 11.41% if the BHP share price touches on the median price of $61.80.

Let’s briefly compare BHP Group Limited (BHP) stock to its peers. We find that current price change of 0.55% and 20.40% over the past 12 months for BHP competes that of Rio Tinto Group (RIO), which has seen its stock price rise 0.29% in the last trading session and was 7.08% over the last one year.. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.07% and 0.31%, respectively, at close of the trading.

Coming back to BHP Group Limited (NYSE:BHP), we note that the average 3-month trading volume was 3.29 million, while that of the preceding 10-day period stands at 3.2 million. Current shares outstanding are 2.53 billion.

The insiders hold 5.40% of the company’s shares while institutions hold 3.50%. The data shows that short shares as of Oct 13, 2022, stood at 7.71 million at a short ratio of 2.07. This represents a 0.30% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 8.4 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 12.43% up in year-to-date price movement.

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