BHP | 06 June 2024 | AI Stock Analysis & News

The Vanguard Group, Inc. has been actively disclosing its positions in BHP Group Limited, with recent updates indicating changes in ownership. Meanwhile, Stock AI predicts a short-term decrease of 3.9% in BHP’s stock price, followed by a long-term increase of 1.0%. 📉📈

Stock AI’s (BHP) Forecast get (+5.2% Profit)

StockAI’s analysis delivers real-world results. On 05 April 2024, $BHP ($57.6), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $60.6 (🟢5.2%). Buying BHP on this signal yielded a +5.2% profit 💰💰.

BHP-BHP Group Limited News

🟢 PNC Financial Services Group Inc. lowered its stake in BHP Group Limited by 3.1%, selling 2,442 shares during the quarter.

🔴 Six analysts rated BHP stock as “Hold” out of seven covering the firm, according to MarketBeat.

🟢 Hilltop Holdings Inc. purchased a new stake in BHP Group Limited during the 4th quarter.

🔴 Rio Tinto is building a research and development facility in Western Australia to test the BioIron process.

🟢 Ieq Capital LLC grew its holdings in BHP Group Limited by 35.4% in the 4th quarter.

🔴 Citigroup initiated coverage on BHP Group stock with a “buy” rating.

The recent news surrounding BHP Group Limited has been a mix of positive and negative developments. The reduction in stake by PNC Financial Services Group Inc. and the “Hold” rating from analysts may have a slight negative impact on the stock price. On the other hand, the new stake purchase by Hilltop Holdings Inc. and the growth in holdings by Ieq Capital LLC could potentially boost the stock price. Additionally, the initiation of coverage with a “buy” rating by Citigroup may also have a positive effect on the stock. Overall, the market sentiment towards BHP Group Limited seems to be a combination of caution and optimism, which could result in some fluctuations in the stock price in the short term.

BHP-BHP Group Limited Analyst Ratings

📉 Citigroup initiated coverage on BHP Group Limited stock with a Buy rating.

📉 Barclays reaffirmed their equal weight rating on BHP Group Limited stock.

📈 Berenberg Bank reiterated their hold rating on BHP Group Limited stock.

📉 Stifel Financial Corp increased their position in BHP Group Limited stock.

📉 Wells Fargo & Company MN lowered their stake in BHP Group Limited stock.

ETF Daily News – Citigroup coverage
ETF Daily News – Barclays rating reaffirmation
ETF Daily News – Berenberg Bank hold rating
ETF Daily News – Stifel Financial Corp position increase
ETF Daily News – Wells Fargo & Company MN position decrease


Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.

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