Gabelli Funds Reduces $8M in BHP Group Limited ($BHP)
Key Points
- Gabelli Funds changed its BHP Group Limited ($BHP) stake by 17.81% last quarter, cutting to 431,000 shares worth $35.91 million.
- Wall Street's consensus rating on $BHP is Hold and an average price target of $74.07.
- $BHP last traded around $83.31.
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Gabelli Funds reduced its position in BHP Group Limited ($BHP) by 17.81% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 431,000 shares of BHP Group Limited after selling 93,400 shares during the quarter. Gabelli Funds's holdings in BHP Group Limited were worth $35.91 million as of its most recent filing.
BHP Group Limited Stock Down 12.4%
Shares of BHP Group Limited ($BHP) traded around $83.31 on Saturday, down 12.4% for the day.
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About BHP Group Limited
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, and South America. The company operates through three segments: Copper, Iron Ore, and Coal. It explores for copper, iron, steelmaking coal, energy coal, nickel, potash, cobalt, sulphide, ammonium sulphate, silver, gold, molybdenum, uranium, and zinc deposits. The company is also involved in the services, marketing, trading, and finance businesses; potash, nickel, and copper development; mining, smelting, refining of nickel; and provision of towing, freight, administrative, and marketing support and other services. BHP Group Limited was founded in 1851 and is headquartered in Melbourne, Australia.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.