The stock of BHP Billiton Limited (ADR) (NYSE:BHP) is a huge mover today! About 826,859 shares traded hands. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 31.91% since March 10, 2016 and is uptrending. It has outperformed by 24.39% the S&P500.
The move comes after 7 months negative chart setup for the $84.59 billion company. It was reported on Oct, 13 by Barchart.com. We have $31.13 PT which if reached, will make NYSE:BHP worth $5.92 billion less.
BHP Billiton Limited (ADR) (NYSE:BHP) Ratings Coverage
Out of 19 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 7 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 37% are positive. BHP Billiton Limited (ADR) has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was downgraded by Jefferies on Wednesday, March 9 to “Hold”. On Tuesday, February 9 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. The firm has “Neutral” rating by JP Morgan given on Tuesday, August 4. JP Morgan maintained the shares of BHP in a report on Wednesday, July 22 with “Neutral” rating. The firm has “Hold” rating given on Wednesday, March 9 by Argus Research. The company was downgraded on Thursday, March 17 by Nomura. As per Wednesday, July 22, the company rating was maintained by Liberum Capital. The rating was upgraded by RBC Capital Markets on Wednesday, August 26 to “Sector Perform”. The firm earned “Buy” rating on Wednesday, July 22 by Canaccord Genuity. The stock has “Underperform” rating given by BNP Paribas on Thursday, August 27.
According to Zacks Investment Research, “BHP Billiton is a leader in the global natural resources industry. The Group has high-value and industry-leading positions in aluminium, metallurgical coal, thermal coal, copper, ferro-alloys, iron ore and titanium minerals and also has substantial interests in oil, gas, nickel, diamonds and silver.”
Another recent and important BHP Billiton Limited (ADR) (NYSE:BHP) news was published by Investorplace.com which published an article titled: “3 Stocks to Watch on Wednesday: BHP Billiton Limited (ADR) (BHP), Gluu Mobile …” on May 04, 2016.
BHP Company Profile
BHP Billiton Limited, incorporated on August 13, 1885, is a global resources company. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of gas and oil. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. The Firm extracts and processes minerals, gas and oil from its production activities located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. The Firm sells its products through direct supply agreements with its clients and on global commodity exchanges. The Company’s businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing.
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