Do Analysts Think BHP Group Limited ADR (BHP) Is Still Worth Buying In 2024?

BHP Group Limited ADR (NYSE:BHP) does about 2.59M shares in volume on a normal day but saw 3630804 shares change hands in Monday trading. The company now has a market cap of 151.23B USD. Its current market price is $59.69, marking an increase of 3.52% compared to the previous close of $57.66. The 52 week high reached by this stock is $69.11 whilst the lowest price level in 52 weeks is $54.28.

BHP Group Limited ADR (BHP) has a 20-day trading average at $57.31 and the current price is -13.63% off the 52-week high compared with 9.97% distance from its 52-week low. The 50-day simple moving average of the closing price is $58.51 and its 200-day simple moving average is $59.53. If we look at the stock’s price movements over the week, volatility stands at 1.53%, which decreases to 1.41% 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 59.47 to suggest the stock is neutral.

The consensus objective for the share price is $61.62, suggesting that the stock has a potential upside of 3.13% over the period.

Bernstein downgraded its price target at $60-$58.

BHP Group Limited ADR (BHP) stock is up 2.30% over the week and 3.23% over the past month. Its price is -12.62% year-to-date and -1.57% over the past year.

To reach the target analysts have set, the stock logically needs to grow 3.13 percent from here.

Outstanding shares total 2.53B with insiders holding 0.06% of the shares and institutional holders owning 3.80% of the company’s common stock. The company has a return on investment of 12.08% and return on equity of 17.53%. The price to earnings ratio (P/E ratio) amounts to 20.57 while the forward price to earnings ratio is 11.44. The beta has a value of 1.08. Price to book ratio is 3.65 and price to sales ratio is 2.74.