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Berenberg Bank Keeps Their Buy Rating on BHP Group Ltd (BHPLF)
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Berenberg Bank Keeps Their Buy Rating on BHP Group Ltd (BHPLF)

Berenberg Bank analyst Richard Hatch reiterated a Buy rating on BHP Group Ltd (BHPLFResearch Report) on April 21 and set a price target of p2,800.00. The company’s shares opened today at $29.37.

Hatch covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Anglo American, and Centamin. According to TipRanks, Hatch has an average return of 3.8% and a 50.40% success rate on recommended stocks.

BHP Group Ltd has an analyst consensus of Hold, with a price target consensus of $32.35, which is a 10.16% upside from current levels. In a report released today, CLSA also maintained a Buy rating on the stock with a A$46.00 price target.

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Based on BHP Group Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0

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BHP Group Ltd. engages in the exploration, development, production, and processing of iron ore, metallurgical coal, and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops, and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium, and gold. The Iron Ore segment consist of iron ore. The Coal segment focuses on metallurgical coal and energy coal. The company was founded on August 13, 1885 and is headquartered in Melbourne, Australia.

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