Price Action Don’t Lie: BHP Billiton Limited (ADR)’s Trend Down, Especially After Today’s Weak Session

Price Action Don't Lie: BHP Billiton Limited (ADR)'s Trend Down, Especially After Today's Weak Session

The stock of BHP Billiton Limited (ADR) (NYSE:BHP) is a huge mover today! About 4.78 million shares traded hands or 29.89% up from the average. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 32.37% since April 13, 2016 and is uptrending. It has outperformed by 28.45% the S&P500.
The move comes after 5 months negative chart setup for the $93.46 billion company. It was reported on Nov, 15 by Barchart.com. We have $33.64 PT which if reached, will make NYSE:BHP worth $7.48 billion less.

BHP Billiton Limited (ADR) (NYSE:BHP) Ratings Coverage

Out of 20 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 7 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 35% are positive. BHP Billiton Limited (ADR) has been the topic of 38 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, November 10 report. The stock has “Buy” rating given by Bank of America on Monday, April 18. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has “Neutral” rating given on Tuesday, October 11 by UBS. The firm has “Buy” rating by Jefferies given on Tuesday, August 23. On Tuesday, August 30 the stock rating was upgraded by Argus Research to “Buy”. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has “Neutral” rating given on Wednesday, July 22 by JP Morgan. The rating was upgraded by BNP Paribas to “Underperform” on Thursday, August 27. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, October 29 report. Macquarie Research downgraded BHP Billiton Limited (ADR) (NYSE:BHP) on Friday, January 8 to “Neutral” rating. As per Wednesday, October 12, the company rating was downgraded by Citigroup.

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.”

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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